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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net income $ 82,620 $ 72,661
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Income) loss from unconsolidated joint ventures (3,888) (1,189)
Depreciation and amortization 12,716 12,032
Amortization of stock-based compensation 4,294 3,786
Deferred income tax provision 5,483 2,203
Other operating activities 2,910 271
Changes in cash and equivalents due to:    
Mortgage loans held for sale 104,225 138,433
Inventories - owned (47,350) (186,680)
Inventories - not owned (9,428) (8,237)
Other assets (9,895) 5,599
Accounts payable (41,235) (22,045)
Accrued liabilities (8,694) (44,456)
Net cash provided by (used in) operating activities 91,758 (27,622)
Cash Flows From Investing Activities:    
Investments in unconsolidated homebuilding joint ventures (18,909) (4,191)
Distributions of capital from unconsolidated homebuilding joint ventures 6,471 99
Other investing activities (1,921) 1,142
Net cash provided by (used in) investing activities (14,359) (2,950)
Cash Flows From Financing Activities:    
Change in restricted cash (1,517) 1,267
Borrowings from revolving credit facility 109,550 386,400
Principal payments on revolving credit facility (109,550) (120,400)
Principal payments on secured project debt and other notes payable (179) (1,781)
Net proceeds from (payments on) mortgage credit facility (92,960) (138,479)
Repurchases of common stock (87,050)
Common stock dividend payments (4,584) (4,792)
Issuance of common stock under employee stock plans, net of tax withholdings (4,167) 2,055
Other financing activities (126) (23)
Net cash provided by (used in) financing activities (103,533) 37,197
Net increase (decrease) in cash and equivalents (26,134) 6,625
Cash and equivalents at beginning of period 208,127 186,594
Cash and equivalents at end of period 181,993 193,219
Cash and Cash Equivalents, at Carrying Value $ 208,127 $ 186,594