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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net income $ 38,764 $ 22,249
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Stock-based compensation expense 1,251 595
Depreciation and amortization 4,636 1,328
Inventory impairments 550 4,850
Other-than-temporary impairment of marketable securities 101
Net gain on sale of available-for-sale marketable securities (561)
Net loss on marketable equity securities 1,153
Amortization of discount / premiums on marketable debt securities, net (182)
Deferred income tax expense 423 3,220
Net changes in assets and liabilities:    
Trade and other receivables (3,261) 7,326
Mortgage loans held-for-sale 24,956 41,401
Prepaid and other assets 389 (2,407)
Accounts payable and accrued liabilities 6,765 8,071
Net cash provided by (used in) operating activities (61,486) 94,337
Investing Activities:    
Purchases of marketable securities (8,761) (5,361)
Sales of marketable securities 8,700 4,983
Purchases of property and equipment (6,316) (1,122)
Net cash used in investing activities (6,377) (1,500)
Financing Activities:    
Payments on mortgage repurchase facility, net (22,214) (43,943)
Dividend payments (16,865) (12,897)
Proceeds from exercise of stock options 282 1,607
Net cash used in financing activities (38,797) (55,233)
Net increase (decrease) in cash, cash equivalents and restricted cash (106,660) 37,604
Cash, cash equivalents and restricted cash:    
Beginning of period 514,240 286,687
End of period 407,580 324,291
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 407,580 324,291
End of period 407,580 324,291
Homebuilding Segment [Member]    
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Inventory impairments 550 4,850
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 352,868 296,731
Restricted cash 6,198 4,229
Financial Services Segment [Member]    
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 48,514 23,331
Housing Completed or Under Construction [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction and land under development (65,378) (20,866)
Land and Land Under Development [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction and land under development $ (71,552) $ 29,030