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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 48,157 $ 35,942
Accounts receivable 59,229 115,939
Real estate inventory 1,609,693 1,569,489
Pre-acquisition costs and deposits 39,488 37,213
Property and equipment, net 6,160 3,618
Other assets 47,391 44,882
Deferred tax assets, net 3,350 6,986
Goodwill 12,018 12,018
Total assets 1,825,486 1,826,087
LIABILITIES AND EQUITY    
Accounts payable 41,552 13,676
Accrued expenses and other liabilities 151,348 135,008
Notes payable 413,948 538,398
Total liabilities 606,848 687,082
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 26,908,643 shares issued and 24,934,429 shares outstanding as of March 31, 2021 and 26,741,554 shares issued and 24,983,561 shares outstanding as of December 31, 2020 269 267
Additional paid-in capital 276,398 270,598
Retained earnings 1,033,935 934,277
Treasury stock, at cost, 1,974,214 shares and 1,757,993 shares, respectively (91,964) (66,137)
Total equity 1,218,638 1,139,005
Total liabilities and equity $ 1,825,486 $ 1,826,087