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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Inventories:    
Housing completed or under construction $ 1,955,431 $ 1,881,268
Land and land under development 1,293,823 1,419,778
Total inventories 3,249,254 3,301,046
Total Assets 5,657,584 5,631,085
LIABILITIES AND EQUITY    
Total Liabilities 2,248,197 2,253,200
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 250,000,000 shares authorized; 75,047,701 and 74,661,479 issued and outstanding at March 31, 2024 and December 31, 2023, respectively 750 747
Additional paid-in-capital 1,801,437 1,824,434
Retained earnings 1,607,196 1,552,653
Accumulated other comprehensive income 4 51
Total Stockholders' Equity 3,409,387 3,377,885
Total Liabilities and Stockholders' Equity 5,657,584 5,631,085
Homebuilding:    
ASSETS    
Cash and cash equivalents 1,565,475 1,475,964
Restricted cash 3,158 4,094
Trade and other receivables 85,459 119,004
Inventories:    
Housing completed or under construction 1,955,431 1,881,268
Land and land under development 1,293,823 1,419,778
Total inventories 3,249,254 3,301,046
Property and equipment, net 77,391 82,218
Deferred tax asset, net 37,656 38,830
Prepaids and other assets 77,887 76,036
Total Assets 5,096,280 5,097,192
LIABILITIES AND EQUITY    
Accounts payable 138,578 114,852
Accrued and other liabilities 303,981 326,478
Revolving credit facility 10,000 10,000
Senior notes, net 1,483,616 1,483,404
Total Liabilities 1,936,175 1,934,734
Financial Services:    
ASSETS    
Cash and cash equivalents 175,541 162,839
Inventories:    
Marketable securities 79,236 78,250
Mortgage loans held-for-sale, net 283,787 258,212
Other assets 22,740 34,592
Total Assets 561,304 533,893
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 113,337 113,485
Mortgage repurchase facility 198,685 204,981
Total Liabilities $ 312,022 $ 318,466