v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS:    
Cash, cash equivalents and restricted cash $ 767,416 $ 689,189
Mortgage loans held for sale 261,807 309,100
Inventory 3,399,101 3,383,941
Property and equipment - net 31,879 34,342
Investment in joint venture arrangements 68,357 106,299
Operating lease right-of-use assets 53,116 54,976
Deferred Income Tax Assets, Net 4,508 4,508
Goodwill 16,400 16,400
Other assets 185,802 178,370
Total assets 4,788,386 4,777,125
LIABILITIES:    
Accounts payable 215,817 181,189
Customer deposits 59,439 50,841
Operating lease liabilities 54,867 56,675
Other liabilities 252,172 308,535
Community development district obligations 12,884 10,209
Obligation for consolidated inventory not owned 44,055 30,330
Notes payable bank - homebuilding operations 0  
Notes payable bank - financial service operations 260,201 276,856
Senior notes due 2028 - net 398,620 398,427
Senior notes due 2030 - net 297,999 297,873
TOTAL LIABILITIES 1,596,054 1,610,935
Commitments and contingencies (Note 6) 0 0
SHAREHOLDERS' EQUITY:    
Common shares - $0.01 par value; authorized 58,000,000 shares at both March 31, 2026 and December 31, 2025; issued 30,137,141 shares at both March 31, 2026 and December 31, 2025 301 301
Additional paid-in capital 333,362 344,118
Retained earnings 3,335,846 3,268,014
Treasury shares - at cost - 4,547,032 and 4,374,432 shares at March 31, 2026 and December 31, 2025, respectively (477,177) (446,243)
TOTAL SHAREHOLDERS' EQUITY 3,192,332 3,166,190
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,788,386 $ 4,777,125