Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory:
Land under development	$ 69,196	$ 38,857
Contract land deposits, net	413,851	396,177
Total assets	3,809,815	3,165,933
LIABILITIES AND SHAREHOLDERS' EQUITY
Operating lease liabilities	85,377
Total liabilities	1,468,571	1,357,371
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, 2019 and December 31, 2018	206	206
Additional paid-in capital	2,055,407	1,820,223
Deferred compensation trust – 107,295 and 107,340 shares of NVR, Inc. common stock as of December 31, 2019 and December 31, 2018, respectively	(16,912)	(16,937)
Deferred compensation liability	16,912	16,937
Retained earnings	7,909,872	7,031,333
Less treasury stock at cost – 16,922,558 and 16,977,499 shares as of December 31, 2019 and December 31, 2018, respectively	(7,624,241)	(7,043,200)
Total shareholders' equity	2,341,244	1,808,562
Total liabilities and shareholders' equity	3,809,815	3,165,933
Homebuilding:
ASSETS
Cash and cash equivalents	1,110,892	688,783
Restricted cash	17,943	16,982
Receivables	18,278	18,641
Inventory:
Lots and housing units, covered under sales agreements with customers	1,075,420	1,076,904
Unsold lots and housing units	184,352	115,631
Land under development	69,196	38,857
Building materials and other	18,320	21,718
Total Inventory	1,347,288	1,253,110
Contract land deposits, net	413,851	396,177
Property, plant and equipment, net	52,260	42,234
Operating lease right-of-use assets	63,825	0
Reorganization value in excess of amounts allocable to identifiable assets, net	41,580	41,580
Deferred tax assets, net	115,731	112,333
Other assets	60,413	71,671
Total assets	3,242,061	2,641,511
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	262,987	244,496
Accrued expenses and other liabilities	346,035	332,871
Customer deposits	131,886	138,246
Operating lease liabilities	71,095	0
Senior notes	598,301	597,681
Total liabilities	1,410,304	1,313,294
Mortgage Banking:
ASSETS
Cash and cash equivalents	29,412	23,092
Restricted cash	2,276	3,071
Trade and Loans Receivables Held-for-sale, Net, Not Part of Disposal Group	492,125	458,324
Inventory:
Property, plant and equipment, net	5,828	6,510
Operating lease right-of-use assets	13,345	0
Reorganization value in excess of amounts allocable to identifiable assets, net	7,347	7,347
Other assets	17,421	26,078
Total assets	567,754	524,422
LIABILITIES AND SHAREHOLDERS' EQUITY
Operating lease liabilities	14,282	0
Accounts payable and other liabilities	43,985	44,077
Total liabilities	$ 58,267	$ 44,077