XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 60,903 $ 48,978
Accounts receivable 49,022 41,319
Real estate inventory 3,439,668 3,107,648
Pre-acquisition costs and deposits 33,676 30,354
Property and equipment, net 62,001 45,522
Other assets 159,399 113,849
Deferred tax assets, net 9,146 8,163
Goodwill 12,018 12,018
Total assets 3,825,833 3,407,851
LIABILITIES AND EQUITY    
Accounts payable 53,314 31,616
Accrued expenses and other liabilities 229,097 271,872
Notes payable 1,546,459 1,248,332
Total liabilities 1,828,870 1,551,820
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock, par value $0.01, 250,000,000 shares authorized, 27,625,950 shares issued and 23,513,488 shares outstanding as of September 30, 2024 and 27,521,120 shares issued and 23,581,648 shares outstanding as of December 31, 2023 276 275
Additional paid-in capital 334,792 321,062
Retained earnings 2,034,917 1,889,716
Treasury stock, at cost, 4,112,462 shares as of September 30, 2024 and 3,939,472 shares as of December 31, 2023 (373,022) (355,022)
Total equity 1,996,963 1,856,031
Total liabilities and equity $ 3,825,833 $ 3,407,851