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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Housing Completed or Under Construction [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction $ (186,805,000) $ (41,474,000)
Land and Land Under Development [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction 122,701,000 36,919,000
Net income 36,476,000 28,418,000
Stock-based compensation expense 6,163,000 2,591,000
Depreciation and amortization 2,367,000 2,092,000
Inventory impairments 1,600,000 350,000
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net 719,000 0
Gain on sale of marketable securities (262,000) (462,000)
Amortization of discount / premiums on marketable debt securities, net 100,000
Deferred income tax expense 7,873,000 16,267,000
Restricted cash (196,000) (2,128,000)
Trade and other receivables (26,235,000) (292,000)
Mortgage loans held-for-sale (3,029,000) 8,664,000
Prepaid expenses and other assets (2,975,000) (3,118,000)
Accounts payable and accrued liabilities 19,517,000 (3,418,000)
Net cash provided by (used in) operating activities (22,086,000) 44,509,000
Investing Activities:    
Purchases of marketable securities (15,426,000) (34,679,000)
Maturities of marketable securities 1,510,000
Sales of marketable securities 50,765,000 50,179,000
Purchases of property and equipment (3,117,000) (421,000)
Net cash provided by investing activities 32,222,000 16,589,000
Financing Activities:    
Advances (payments) on mortgage repurchase facility, net 4,686,000 (10,822,000)
Dividend payments (24,504,000) (24,425,000)
Proceeds from exercise of stock options 612,000
Net cash used in financing activities (19,818,000) (34,635,000)
Net increase (decrease) in cash and cash equivalents (9,682,000) 26,463,000
Cash and cash equivalents:    
Beginning of period 180,988,000 153,825,000
End of period $ 171,306,000 $ 180,288,000