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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:    
Net income $ 185,421 $ 88,803
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures (1,412) 502
Depreciation and amortization 27,428 14,982
Amortization of stock-based compensation 7,512 5,084
Excess tax benefits from share-based payment arrangements (6,363)
Deferred income tax provision 4,315 49,198
Other operating activities 97 626
Changes in cash and equivalents due to:    
Mortgage loans held for sale 136,903 65,182
Inventories - owned (271,304) (341,894)
Inventories - not owned (19,254) (12,061)
Other assets (1,758) 5,877
Accounts payable 24,080 34,634
Accrued liabilities (28,414) (15,767)
Net cash provided by (used in) operating activities 63,614 (111,197)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (22,592) (20,778)
Distributions of capital from unconsolidated homebuilding joint ventures 8,115 8,760
Other investing activities (4,166) (12,022)
Net cash provided by (used in) investing activities (18,643) (24,040)
Cash Flows From Financing Activities:    
Change in restricted cash 6,063 (1,242)
Borrowings from revolving credit facility 693,700 158,900
Principal payments on revolving credit facility (693,700) (128,900)
Principal payments on secured project debt and other notes payable (10,169) (497)
Proceeds from the issuance of senior notes payable 300,000
Payment of debt issuance costs (2,195)
Net proceeds from (payments on) mortgage credit facilities (128,908) 928
Repurchases of common stock (99,829) (22,073)
Common stock dividend payments (9,527)
Issuance of common stock under employee stock plans, net of tax withholdings 1,069 (2,322)
Excess tax benefits from share-based payment arrangements 6,363
Other financing activities (199)
Net cash provided by (used in) financing activities 56,305 11,157
Net increase (decrease) in cash and equivalents 101,276 (124,080)
Cash and equivalents at beginning of period 186,594 212,393
Cash and equivalents at end of period 287,870 88,313
Cash and Cash Equivalents, at Carrying Value $ 186,594 $ 212,393