Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS:
Cash, Cash Equivalents, and Restricted Cash	$ 689,189	$ 821,570
Mortgage loans Held-for-sale	309,100	283,540
Inventory	3,383,941	3,091,862
Property and equipment - net	34,342	34,513
Investment in joint venture arrangements	106,299	65,334
Operating Lease, Right-of-Use Asset	54,976	53,895
Deferred Income Tax Assets, Net	4,508	13,451
Goodwill	16,400	16,400
Other assets	178,370	169,231
TOTAL ASSETS	4,777,125	4,549,796
LIABILITIES:
Accounts payable	181,189	198,579
Customer deposits	50,841	69,327
Operating Lease, Liability	56,675	55,365
Other liabilities	308,535	281,019
Community Development District Obligation	10,209	12,839
Obligation for consolidated inventory not owned	30,330	11,809
Notes payable bank - homebuilding operations	0
Notes payable bank - financial services operations	276,856	286,159
Senior Notes due 2028 - net	398,427	397,653
Senior Notes due 2030 - net	297,873	297,369
TOTAL LIABILITIES	1,610,935	1,610,119
Commitments and contingencies (Note 8)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $0.01 par value; authorized 58,000,000 shares at both December 31, 2025 and 2024; issued 30,137,141 shares at both December 31, 2025 and 2024	301	301
Additional paid-in capital	344,118	348,705
Retained earnings	3,268,014	2,865,073
Treasury shares - at cost - 4,374,432 and 3,074,118 shares at December 31, 2025 and 2024, respectively	(446,243)	(274,402)
TOTAL SHAREHOLDERS' EQUITY	3,166,190	2,939,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,777,125	$ 4,549,796