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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Finance Lease, Principal Payments $ (12) $ 0
Cash flows from operating activities:    
Net income 398,615 369,223
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,146 10,024
Equity-based compensation expense 37,910 28,104
Contract land deposit and other (recoveries) impairments, net (23) 44
Gain on sale of loans, net (67,919) (58,891)
Mortgage loans closed (2,373,748) (2,223,302)
Mortgage loans sold and principal payments on mortgage loans held for sale 2,428,410 2,229,894
Distribution of earnings from unconsolidated joint ventures 2,156 2,849
Net change in assets and liabilities:    
Increase in inventory (144,618) (187,416)
(Increase) decrease in contract land deposits (13,554) 9,333
Increase in receivables (9,597) (10,417)
Increase (decrease) in accounts payable and accrued expenses 32,771 (11,332)
Increase in customer deposits 7,961 22,000
Other, net (5,891) (10,663)
Net cash provided by operating activities 302,619 169,450
Cash flows from investing activities:    
Investments in and advances to unconsolidated joint ventures (335) (284)
Distribution of capital from unconsolidated joint ventures 7,167 6,027
Purchase of property, plant and equipment (10,699) (9,251)
Proceeds from the sale of property, plant and equipment 1,069 425
Net cash used in investing activities (2,798) (3,083)
Cash flows from financing activities:    
Purchase of treasury stock (304,479) (483,538)
Proceeds from the exercise of stock options 178,831 86,094
Net cash used in financing activities (125,660) (397,444)
Net increase (decrease) in cash, restricted cash, and cash equivalents 174,161 (231,077)
Cash, restricted cash, and cash equivalents, beginning of the period 732,248 689,557
Cash, restricted cash, and cash equivalents, end of the period 906,409 458,480
Supplemental disclosures of cash flow information:    
Interest paid during the period, net of interest capitalized 12,052 12,151
Income taxes paid during the period, net of refunds $ 71,486 $ 86,269