Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 132,453	$ 92,027
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	10,741	7,926
Excess income tax benefit from equity-based compensation	(9,899)	(6,050)
Equity-based compensation expense	26,303	26,641
Contract land deposit recoveries	(5,747)	(3,655)
Gain on sale of loans	(27,331)	(20,505)
Mortgage loans closed	(1,311,016)	(1,010,249)
Mortgage loans sold and principal payments on mortgage loans held for sale	1,273,413	1,072,897
Distribution of earnings from unconsolidated joint ventures	9,939	4,718
Net change in assets and liabilities:
Increase in inventory	(213,837)	(212,502)
Increase in contract land deposits	(1,425)	(13,268)
Increase in receivables	(6,948)	(5,549)
Increase in accounts payable and accrued expenses	66,521	33,972
Increase in customer deposits	31,628	27,298
Other, net	(15,204)	(10,781)
Net cash used in operating activities	(40,409)	(17,080)
Cash flows from investing activities:
Investments in and advances to unconsolidated joint ventures	(1,245)
Distribution of capital from unconsolidated joint ventures	10,561	8,282
Purchase of property, plant and equipment	(8,585)	(20,805)
Proceeds from the sale of property, plant and equipment	338	363
Net cash provided by (used in) investing activities	1,069	(12,160)
Cash flows from financing activities:
Purchase of treasury stock	(69,285)	(347,448)
Repayments under non-recourse debt related to consolidated variable interest entity and note payable	(64)	(2,222)
Distributions to partner in consolidated variable interest entity	(300)	(281)
Excess income tax benefit from equity-based compensation	9,899	6,050
Proceeds from the exercise of stock options	51,256	60,593
Net cash used in financing activities	(8,494)	(283,308)
Net decrease in cash and cash equivalents	(47,834)	(312,548)
Cash and cash equivalents, beginning of the period	545,419	866,253
Cash and cash equivalents, end of the period	497,585	553,705
Supplemental disclosures of cash flow information:
Interest paid during the period, net of interest capitalized	12,221	12,166
Income taxes paid during the period, net of refunds	$ 52,781	$ 63,128