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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income $ 72,661 $ 31,605
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures (1,189) 451
Depreciation and amortization 12,032 5,993
Amortization of stock-based compensation $ 3,786 2,695
Excess tax benefits from share-based payment arrangements (3,369)
Deferred income tax provision $ 2,203 16,874
Other operating activities 271 19
Changes in cash and equivalents due to:    
Mortgage loans held for sale 138,433 75,724
Inventories - owned (186,680) (204,543)
Inventories - not owned (8,237) (5,878)
Other assets 5,599 (6,932)
Accounts payable (22,045) 13,479
Accrued liabilities (44,456) (20,189)
Net cash provided by (used in) operating activities (27,622) (94,071)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (4,191) (7,639)
Distributions of capital from unconsolidated homebuilding joint ventures 99 5,732
Other investing activities 1,142 (5,977)
Net cash provided by (used in) investing activities (2,950) (7,884)
Cash Flows From Financing Activities:    
Change in restricted cash 1,267 (1,019)
Borrowings from revolving credit facility 386,400 27,700
Principal payments on revolving credit facility (120,400) (12,700)
Principal payments on secured project debt and other notes payable (1,781) (311)
Net proceeds from (payments on) mortgage credit facilities (138,479) 2,124
Repurchases of common stock (87,050) $ (22,073)
Common stock dividend payments (4,792)
Issuance of common stock under employee stock plans, net of tax withholdings $ 2,055 $ (3,930)
Excess tax benefits from share-based payment arrangements $ 3,369
Other financing activities $ (23)
Net cash provided by (used in) financing activities 37,197 $ (6,840)
Net increase (decrease) in cash and equivalents 6,625 (108,795)
Cash and equivalents at beginning of period 186,594 212,393
Cash and equivalents at end of period 193,219 103,598
Cash and equivalents at end of period $ 186,594 $ 212,393