Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities:
Net income	$ 95,819	$ 80,700
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation expense	1,038	5,498
Depreciation and amortization	7,873	5,500
Inventory impairments	5,900	7,800
Project abandonment costs	982	(1,048)
Amortization of discount of marketable debt securities	(1,045)	(8,472)
Deferred income tax benefit (expense)	1,186	2,617
Net changes in assets and liabilities:
Trade and other receivables	40,762	55,868
Mortgage loans held-for-sale, net	(25,575)	63,261
Prepaids and other assets	2,574	3,470
Accounts payable and accrued and other liabilities	2,872	(40,485)
Net cash provided by operating activities	177,508	426,164
Investing Activities:
Purchases of marketable securities	0	(434,374)
Maturities of marketable securities	0	195,000
Purchases of property and equipment	(3,033)	(5,386)
Net cash provided by (used in) investing activities	(3,033)	(244,760)
Financing Activities:
Payments on mortgage repurchase facility, net	(6,296)	(45,225)
Dividend payments	(41,276)	(36,543)
Issuance of shares under stock-based compensation programs, net	(25,626)	(11,740)
Net cash used in financing activities	(73,198)	(93,508)
Net increase (decrease) in cash, cash equivalents and restricted cash	101,277	87,896
Cash, cash equivalents and restricted cash:
Beginning of period	1,642,897	717,095
End of period	1,744,174	804,991
Reconciliation of cash, cash equivalents and restricted cash:
Total cash, cash equivalents and restricted cash	1,744,174	804,991
Homebuilding:
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Inventory impairments	5,900	7,800
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	1,565,475	781,738
Restricted cash	3,158	2,268
Financial Services:
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	175,541	20,985
Housing completed or under construction
Net changes in assets and liabilities:
Housing completed or under construction and land and land under development	(75,313)	135,581
Land and land under development
Net changes in assets and liabilities:
Housing completed or under construction and land and land under development	$ 120,435	$ 115,874