Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 667,863	$ 396,619
Inventory:
Land under development	34,212	46,999
Contract land deposits, net	370,429	379,844
Total assets	2,989,279	2,643,943
LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	1,383,787	1,339,502
Commitments and contingencies
Shareholders' equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both December 31, 2017 and December 31, 2016	206	206
Additional paid-in capital	1,644,197	1,515,828
Deferred compensation trust – 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016	(17,383)	(17,375)
Deferred compensation liability	17,383	17,375
Retained earnings	6,231,940	5,695,376
Less treasury stock at cost – 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively	(6,270,851)	(5,906,969)
Total shareholders' equity	1,605,492	1,304,441
Total liabilities and shareholders' equity	2,989,279	2,643,943
Homebuilding:
ASSETS
Cash and cash equivalents	645,087	375,748
Restricted cash	19,438	17,561
Receivables	20,026	18,937
Inventory:
Lots and housing units, covered under sales agreements with customers	1,046,094	883,868
Unsold lots and housing units	148,620	145,065
Land under development	34,212	46,999
Building materials and other	17,273	16,168
Total Inventory	1,246,199	1,092,100
Contract land deposits, net	370,429	379,844
Property, plant and equipment, net	43,191	45,915
Reorganization value in excess of amounts allocable to identifiable assets, net	41,580	41,580
Deferred tax assets, net	111,953	170,652
Other assets	86,977	91,009
Total assets	2,584,880	2,233,346
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	261,973	251,212
Accrued expenses and other liabilities	341,891	337,200
Customer deposits	150,033	122,236
Senior notes	597,066	596,455
Total liabilities	1,350,963	1,307,103
Mortgage Banking:
ASSETS
Cash and cash equivalents	21,707	19,657
Restricted cash	2,256	1,857
Mortgage loans held for sale, net	352,489	351,958
Inventory:
Property, plant and equipment, net	6,327	4,903
Reorganization value in excess of amounts allocable to identifiable assets, net	7,347	7,347
Other assets	14,273	24,875
Total assets	404,399	410,597
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and other liabilities	32,824	32,399
Total liabilities	$ 32,824	$ 32,399