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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 53,325 $ 50,514
Accounts receivable 48,489 57,909
Real estate inventory 2,335,570 2,085,904
Pre-acquisition costs and deposits 39,171 40,702
Property and equipment, net 19,420 16,944
Other assets 83,307 81,676
Deferred tax assets, net 2,933 6,198
Goodwill 12,018 12,018
Total assets 2,594,233 2,351,865
LIABILITIES AND EQUITY    
Accounts payable 21,965 14,172
Accrued expenses and other liabilities 145,921 136,609
Notes payable 1,003,596 805,236
Total liabilities 1,171,482 956,017
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 27,187,895 shares issued and 23,666,284 shares outstanding as of March 31, 2022 and 26,963,915 shares issued and 23,917,359 shares outstanding as of December 31, 2021 271 269
Additional paid-in capital 297,451 291,577
Retained earnings 1,442,608 1,363,922
Treasury stock, at cost, 3,521,611 shares and 3,046,556 shares, respectively (317,579) (259,920)
Total equity 1,422,751 1,395,848
Total liabilities and equity $ 2,594,233 $ 2,351,865