Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES:
Net income	$ 146,900	$ 232,480
Production Related Impairments or Charges	4,200	0
Adjustments to reconcile net income to net cash used in operating activities:
Equity in loss (income) from joint venture arrangements	0	0
Mortgage loan originations	(1,370,096)	(1,371,660)
Proceeds from the sale of mortgage loans	1,417,313	1,379,785
Fair value adjustment of mortgage loans held for sale	2,918	(5,452)
Servicing Asset at Fair Value, Additions	(3,234)	(2,783)
Amortization of mortgage servicing rights	458	485
Depreciation	8,431	7,534
Amortization of debt issue costs	1,698	1,662
Gain on sale of mortgage servicing rights	(1,597)	(1,718)
Stock-based compensation expense	8,746	8,116
Excess tax benefits on equity compensation	(1,223)	(1,091)
Change in assets and liabilities:
Inventory	(76,043)	(183,582)
Other assets	(11,584)	(22,001)
Accounts payable	63,305	53,897
Customer deposits	15,617	2,833
Accrued compensation	(33,143)	(35,789)
Other liabilities	(129)	39,926
Net cash (used in) provided by operating activities	172,537	102,642
INVESTING ACTIVITIES:
Purchase of property and equipment	(5,527)	(3,948)
Return of capital from joint venture arrangements	200
Investment in joint venture arrangements	(10,303)	(18,360)
Net proceeds from sale of mortgage servicing rights	9,075	7,062
Net cash provided by (used in) investing activities	(6,755)	(15,246)
FINANCING ACTIVITIES:
Net proceeds from (repayment of) bank borrowings - financial services operations	(24,490)	(10,233)
Payments for repurchase of common stock	(100,116)	(100,199)
Proceeds from exercise of stock options	5,576	1,864
Net cash (used in) provided by financing activities	(119,030)	(108,568)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	46,752	(21,172)
Cash, cash equivalents and restricted cash-Period Start	689,189	821,570
Cash, cash equivalents and restricted cash-Period End	735,941	800,398
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest — net of amount capitalized	(434)	(822)
Income taxes	24,195	64,691
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	7,237	(2,972)
Consolidated inventory not owned	(10,251)	777
Distribution of single-family lots from joint venture arrangements	$ 54,834	$ 16,223