Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net income	$ 38,488	$ 39,803
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	0	1,426
Equity in income of unconsolidated joint ventures	(248)	(62)
Mortgage loan originations	(537,385)	(470,345)
Proceeds from the sale of mortgage loans	553,390	477,728
Fair value adjustment of mortgage loans held for sale	(761)	(2,556)
Capitalization of originated Mortgage Servicing Rights	(3,789)	(3,046)
Amortization of Mortgage Servicing Rights (MSRs)	729	548
Depreciation	4,823	3,733
Amortization of debt discount and debt issue costs	2,390	2,329
Stock-based compensation expense	3,073	2,504
Deferred Income Tax Expense	23,469	17,320
Deferred tax asset valuation allowances	0	(9,291)
Change in assets and liabilities:
Cash held in escrow	265	92
Inventory	(203,144)	(196,139)
Other assets	(8,645)	(4,582)
Accounts payable	20,612	27,647
Customer deposits	7,217	2,940
Accrued compensation	(5,016)	(3,247)
Other liabilities	9,336	6,487
Net cash (used in) provided by operating activities	(95,196)	(106,711)
INVESTING ACTIVITIES:
Change in restricted cash	3,615	4,912
Purchase of property and equipment	(2,003)	(2,347)
Return of investment from Unconsolidated LLCs	0	619
Investment in unconsolidated joint ventures	(10,725)	(16,818)
Net Proceeds from Sale of Mortgage Servicing Rights	3,065	2,135
Net cash used in investing activities	(6,048)	(11,499)
FINANCING ACTIVITIES:
Proceeds from bank borrowings - homebuilding operations	329,400	0
Repayments of bank borrowings - homebuilding operations	(203,300)	0
Net proceeds from (Repayments of) bank borrowings - financial services operations	(12,140)	8,149
Principal repayments of notes payable-other and CDD bond obligations	(155)	740
Dividends paid on preferred shares	(3,656)	(3,656)
Debt issue costs	(420)	(40)
Proceeds from exercise of stock options	1,035	1,460
Net cash (used in) provided by financing activities	110,764	6,653
Net increase (decrease) in cash and cash equivalents	9,520	(111,557)
Cash and cash equivalents balance at beginning of period	15,535	128,725
Cash and cash equivalents balance at end of period	25,055	17,168
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	5,705	3,074
Income taxes	1,694	551
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(1,412)	(74)
Consolidated inventory not owned	10,810	(75)
Distribution of single-family lots from unconsolidated joint ventures	$ 5,460	$ 10,758