XML 24 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 296,724 $ 316,310
Cash held in escrow 56,569 52,297
Accounts receivable 52,797 41,932
Inventories 2,830,645 2,456,614
Mortgage loans held for sale 203,558 353,063
Prepaid expenses and other assets 250,535 200,087
Property and equipment, net 31,688 24,939
Deferred tax assets, net 20,856 21,239
Goodwill 30,395 30,395
Total assets 3,773,767 3,496,876
Liabilities:    
Accounts payable 106,926 84,679
Accrued expenses and other liabilities 299,588 316,877
Notes payable 1,019,412 998,936
Revolving line of credit
Mortgage repurchase facilities 197,626 331,876
Total liabilities 1,623,552 1,732,368
Stockholders' equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 31,772,791 and 33,760,940 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 318 338
Additional paid-in capital 584,803 697,845
Retained earnings 1,565,094 1,066,325
Total stockholders' equity 2,150,215 1,764,508
Total liabilities and stockholders' equity $ 3,773,767 $ 3,496,876