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Condensed 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 $ 88,803 $ 94,622
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures 502 899
Cash distribution of income from unconsolidated joint ventures 592 1,875
Depreciation and amortization 14,982 12,024
Loss on disposal of property and equipment 34 1
Amortization of stock-based compensation 5,084 5,231
Excess tax benefits from share-based payment arrangements (6,363)  
Deferred income tax provision 49,198 59,005
Changes in cash and equivalents due to:    
Mortgage loans held for sale 65,182 42,574
Inventories - owned (341,894) (325,611)
Inventories - not owned (12,061) (14,794)
Other assets 5,877 (13,108)
Accounts payable 34,634 6,149
Accrued liabilities (15,767) (12,379)
Net cash provided by (used in) operating activities (111,197) (143,512)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (20,778) (5,677)
Distributions of capital from unconsolidated joint ventures 8,760 14,808
Net cash paid for acquisitions   (33,408)
Other investing activities (12,022) (1,487)
Net cash provided by (used in) investing activities (24,040) (25,764)
Cash Flows From Financing Activities:    
Change in restricted cash (1,242) (9,925)
Borrowings from revolving credit facility 158,900  
Principal payments on revolving credit facility (128,900)  
Principal payments on secured project debt and other notes payable (497) (1,061)
Principal payments on senior notes payable   (4,971)
Net proceeds from (payments on) mortgage credit facilities 928 (34,288)
Repurchases of common stock (22,073)  
Issuance of common stock under employee stock plans, net of tax withholdings (2,322) 3,769
Excess tax benefits from share-based payment arrangements 6,363  
Net cash provided by (used in) financing activities 11,157 (46,476)
Net increase (decrease) in cash and equivalents (124,080) (215,752)
Cash and equivalents at beginning of period 212,393 363,291
Cash and equivalents at end of year 88,313 147,539
Homebuilding restricted cash at end of period 39,714 31,385
Financial services restricted cash at end of period 1,045 1,295
Cash and equivalents and restricted cash at end of period $ 129,072 $ 180,219