Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS:
Cash, cash equivalents and restricted cash	$ 735,941	$ 689,189
Mortgage loans held for sale	258,965	309,100
Inventory	3,505,298	3,383,941
Property and equipment - net	34,446	34,342
Investment in joint venture arrangements	62,018	106,299
Operating lease right-of-use assets	51,929	54,976
Deferred Income Tax Assets, Net	4,508	4,508
Goodwill	16,400	16,400
Other assets	186,538	178,370
Total assets	4,856,043	4,777,125
LIABILITIES:
Accounts payable	244,494	181,189
Customer deposits	66,458	50,841
Operating lease liabilities	53,732	56,675
Other liabilities	277,109	308,535
Community development district obligations	17,446	10,209
Obligation for consolidated inventory not owned	20,079	30,330
Notes payable bank - homebuilding operations	0
Notes payable bank - financial service operations	252,366	276,856
Senior notes due 2028 - net	398,814	398,427
Senior notes due 2030 - net	298,125	297,873
TOTAL LIABILITIES	1,628,623	1,610,935
Commitments and contingencies (Note 6)	0	0
SHAREHOLDERS' EQUITY:
Common shares - $0.01 par value; authorized 58,000,000 shares at both June 30, 2026 and December 31, 2025; issued 30,137,141 shares at both June 30, 2026 and December 31, 2025	301	301
Additional paid-in capital	336,177	344,118
Retained earnings	3,414,914	3,268,014
Treasury shares - at cost - 4,899,455 and 4,374,432 shares at June 30, 2026 and December 31, 2025, respectively	(523,972)	(446,243)
TOTAL SHAREHOLDERS' EQUITY	3,227,420	3,166,190
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,856,043	$ 4,777,125