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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 46,335 $ 38,345
Accounts receivable 62,018 56,390
Real estate inventory 1,548,506 1,499,624
Pre-acquisition costs and deposits 34,945 37,244
Property and equipment, net 2,284 1,632
Other assets 51,284 16,241
Deferred tax assets, net 5,453 4,621
Goodwill 12,018 12,018
Total assets 1,762,843 1,666,115
LIABILITIES AND EQUITY    
Accounts payable 31,223 12,495
Accrued expenses and other liabilities 100,272 117,868
Notes payable 618,678 690,559
Total liabilities 750,173 820,922
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 26,706,454 shares issued and 25,100,426 shares outstanding as of September 30, 2020 and 26,398,409 shares issued and 25,359,409 shares outstanding as of December 31, 2019 267 264
Additional paid-in capital 263,945 252,603
Retained earnings 797,849 610,382
Treasury stock, at cost, 1,606,028 shares and 1,039,000 shares, respectively (49,391) (18,056)
Total equity 1,012,670 845,193
Total liabilities and equity $ 1,762,843 $ 1,666,115