Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
ASSETS:
Cash, cash equivalents and restricted cash	$ 800,398	$ 821,570
Mortgage loans held for sale	280,867	283,540
Inventory	3,286,606	3,091,862
Property and equipment - net	33,749	34,513
Investment in joint venture arrangements	67,466	65,334
Operating lease right-of-use assets	56,403	53,895
Deferred Income Tax Assets, Net	13,451	13,451
Goodwill	16,400	16,400
Other assets	184,699	169,231
Total assets	4,740,039	4,549,796
LIABILITIES:
Accounts payable	252,476	198,579
Customer deposits	72,160	69,327
Operating lease liabilities	57,997	55,365
Other liabilities	281,230	281,019
Community development district obligations	9,867	12,839
Obligation for consolidated inventory not owned	12,586	11,809
Notes payable bank - homebuilding operations	0
Notes payable bank - financial service operations	275,926	286,159
Senior notes due 2028 - net	398,040	397,653
Senior notes due 2030 - net	297,621	297,369
TOTAL LIABILITIES	1,657,903	1,610,119
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $0.01 par value; authorized 58,000,000 shares at both June 30, 2025 and December 31, 2024; issued 30,137,141 shares at both June 30, 2025 and December 31, 2024	301	301
Additional paid-in capital	344,536	348,705
Retained earnings	3,097,553	2,865,073
Treasury shares - at cost - 3,797,355 and 3,074,118 shares at June 30, 2025 and December 31, 2024, respectively	(360,254)	(274,402)
TOTAL SHAREHOLDERS' EQUITY	3,082,136	2,939,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,740,039	$ 4,549,796