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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net income $ 21,125 $ 16,149
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 2,797 2,270
Stock-based compensation expense 3,463 2,491
Deferred income taxes (554) (1,558)
Gain on disposition of assets (323) (130)
Changes in assets and liabilities:    
Accounts receivable (12,232) 510
Inventories (49,841) (80,878)
Prepaid expenses and other assets 1,173 520
Accounts payable 1,083 (7,746)
Accrued expenses and other liabilities (20) (3,788)
Net cash used in operating activities (33,329) (72,160)
Investing activities    
Purchases of property and equipment (4,944) (2,153)
Proceeds from sale of assets 961 1,148
Principal payments on notes receivable 48  
Net cash used in investing activities (3,935) (1,005)
Financing activities    
Borrowings under revolving credit facilities 90,000 75,000
Payments on revolving credit facilities (65,000) (55,000)
Proceeds from issuance of senior notes   58,956
Proceeds from issuances of insurance premium notes   448
Principal payments on notes payable (3,042) (4,570)
Debt issuance costs   (1,784)
Repurchases of common stock upon vesting of restricted stock awards (904) (717)
Repurchases of common stock under our stock repurchase program (2,393)  
Net cash provided by financing activities 18,661 72,333
Net increase (decrease) in cash and cash equivalents (18,603) (832)
Cash and cash equivalents, Beginning of period 29,287 33,462
Cash and cash equivalents, End of period 10,684 32,630
Non-cash investing and financing information    
Note receivable from sale of Tuscany golf course   3,000
Supplemental cash flow disclosure    
Cash paid for income taxes $ 15,259 $ 9,273