XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 111,704 $ 35,942
Accounts receivable 69,522 115,939
Real estate inventory 1,750,860 1,569,489
Pre-acquisition costs and deposits 38,817 37,213
Property and equipment, net 8,570 3,618
Other assets 61,249 44,882
Deferred tax assets, net 6,097 6,986
Goodwill 12,018 12,018
Total assets 2,058,837 1,826,087
LIABILITIES AND EQUITY    
Accounts payable 57,578 13,676
Accrued expenses and other liabilities 131,197 135,008
Notes payable 583,656 538,398
Total liabilities 772,431 687,082
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 26,926,693 shares issued and 24,617,479 shares outstanding as of June 30, 2021 and 26,741,554 shares issued and 24,983,561 shares outstanding as of December 31, 2020 269 267
Additional paid-in capital 281,808 270,598
Retained earnings 1,152,069 934,277
Treasury stock, at cost, 2,309,214 shares and 1,757,993 shares, respectively (147,740) (66,137)
Total equity 1,286,406 1,139,005
Total liabilities and equity $ 2,058,837 $ 1,826,087