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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income from continuing operations $ 69,059 $ 55,569
Adjustments to reconcile net income from continuing operations to net cash used for operating activities:    
Depreciation and amortization 10,497 10,131
Inventory and other asset impairments and write-offs 1,000 973
Stock-based compensation expense 11,535 10,089
Changes in assets and liabilities:    
Increase in inventories (219,127) (269,133)
Decrease in mortgage loans held-for-sale 23,576 70,296
Decrease in deferred income taxes 7,318 30,527
Net change in other assets, payables and other liabilities (25,079) (13,651)
Excess tax benefits from stock-based compensation (1,949) 0
Other operating activities, net (1,233) (992)
Net cash used for operating activities from continuing operations (124,403) (106,191)
CASH FLOWS FROM INVESTING ACTIVITIES    
Contributions to unconsolidated joint ventures (375) (67)
Return of investment in unconsolidated joint ventures 741 433
Additions to property, plant and equipment (14,391) (9,875)
Purchases of marketable securities, available-for-sale (631) (239,115)
Proceeds from sales and maturities of marketable securities, available-for-sale 880 340,957
Net cash (used for) provided by investing activities from continuing operations (13,776) 92,333
CASH FLOWS FROM FINANCING ACTIVITIES    
Retirement of long-term debt (126,481) 0
Decrease in borrowings against financial services credit facilities, net (6,782) (14,006)
Common stock dividends (2,861) (2,838)
Issuance of common stock under stock-based compensation 14,541 23,081
Excess tax benefits from stock-based compensation 1,949 0
Decrease (increase) in restricted cash 17,443 (5,635)
Other financing activities, net (845) (531)
Net cash (used for) provided by financing activities from continuing operations (103,036) 71
Net decrease in cash and cash equivalents from continuing operations (241,215) (13,787)
Cash flows from operating activities—discontinued operations 0 (27)
Cash and cash equivalents at beginning of period1 [1] 521,195 228,013
CASH AND CASH EQUIVALENTS AT END OF PERIOD 279,980 214,199
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for income taxes (20,217) (3,437)
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES    
Decrease (increase) in consolidated inventory not owned related to land options 801 (975)
Increase in short-term borrowings $ 19,109 $ 124
[1] Includes cash and cash equivalents of $27,000 associated with discontinued operations at December 31, 2013.