Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 732,248	$ 689,557
Inventory:
Land under development	38,857	34,212
Contract land deposits, net	396,177	370,429
Total assets	3,165,933	2,989,279
LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	1,357,371	1,383,787
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	1,820,223	1,644,197
Deferred compensation trust – 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016	(16,937)	(17,383)
Deferred compensation liability	16,937	17,383
Retained earnings	7,031,333	6,231,940
Less treasury stock at cost – 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively	(7,043,200)	(6,270,851)
Total shareholders' equity	1,808,562	1,605,492
Total liabilities and shareholders' equity	3,165,933	2,989,279
Homebuilding:
ASSETS
Cash and cash equivalents	688,783	645,087
Restricted cash	16,982	19,438
Receivables	18,641	20,026
Inventory:
Lots and housing units, covered under sales agreements with customers	1,076,904	1,046,094
Unsold lots and housing units	115,631	148,620
Land under development	38,857	34,212
Building materials and other	21,718	17,273
Total Inventory	1,253,110	1,246,199
Contract land deposits, net	396,177	370,429
Property, plant and equipment, net	42,234	43,191
Reorganization value in excess of amounts allocable to identifiable assets, net	41,580	41,580
Deferred tax assets, net	112,333	111,953
Other assets	71,671	86,977
Total assets	2,641,511	2,584,880
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	244,496	261,973
Accrued expenses and other liabilities	332,871	341,891
Customer deposits	138,246	150,033
Senior notes	597,681	597,066
Total liabilities	1,313,294	1,350,963
Mortgage Banking:
ASSETS
Cash and cash equivalents	23,092	21,707
Restricted cash	3,071	2,256
Mortgage loans held for sale, net	458,324	352,489
Inventory:
Property, plant and equipment, net	6,510	6,327
Reorganization value in excess of amounts allocable to identifiable assets, net	7,347	7,347
Other assets	26,078	14,273
Total assets	524,422	404,399
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and other liabilities	44,077	32,824
Total liabilities	$ 44,077	$ 32,824