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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities:    
Net income $ 151,221 $ 123,895
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures 342 (1,249)
Cash distributions of income from unconsolidated joint ventures 1,875 3,375
Depreciation and amortization 3,686 2,450
Loss on disposal of property and equipment 6 16
Amortization of stock-based compensation 7,736 6,656
Excess tax benefits from share-based payment arrangements (960)  
Deferred income tax provision 94,474 48,489
Changes in cash and equivalents due to:    
Trade and other receivables (16,597) (8,462)
Mortgage loans held for sale 53,108 44,179
Inventories - owned (547,590) (314,375)
Inventories - not owned (19,884) (31,700)
Other assets 1,952 401
Accounts payable 14,753 6,855
Accrued liabilities (2,668) (6,926)
Net cash provided by (used in) operating activities (258,546) (126,396)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (7,948) (12,942)
Distributions of capital from unconsolidated joint ventures 18,010 2,319
Net cash paid for acquisitions (33,408) (113,793)
Other investing activities (1,984) (4,734)
Net cash provided by (used in) investing activities (25,330) (129,150)
Cash Flows From Financing Activities:    
Change in restricted cash (15,567) 1
Principal payments on secured project debt and other notes payable (1,399) (7,289)
Principal payments on senior notes payable (4,971)  
Proceeds from the issuance of senior notes payable   300,000
Payment of debt issuance costs (2,387) (4,045)
Net proceeds from (payments on) mortgage credit facilities (36,169) (27,979)
Payment of issuance costs in connection with preferred shareholder equity transactions   (350)
Proceeds from the exercise of stock options 5,786 11,781
Excess tax benefits from share-based payment arrangements 960  
Net cash provided by (used in) financing activities (53,747) 272,119
Net increase (decrease) in cash and equivalents (337,623) 16,573
Cash and equivalents at beginning of period 363,291 346,555
Cash and equivalents at end of period 25,668 363,128
Homebuilding restricted cash at end of period 37,027 27,524
Financial services restricted cash at end of period 1,295 1,795
Cash and equivalents and restricted cash at end of period $ 63,990 $ 392,447