v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS:    
Cash, cash equivalents and restricted cash $ 620,595 $ 689,189
Mortgage loans held for sale 232,575 309,100
Inventory 3,600,648 3,383,941
Property and equipment - net 34,884 34,342
Investment in joint venture arrangements 87,167 106,299
Operating lease right-of-use assets 49,793 54,976
Deferred Income Tax Assets, Net 4,508 4,508
Goodwill 16,400 16,400
Other assets 213,595 178,370
Total assets 4,860,165 4,777,125
LIABILITIES:    
Accounts payable 229,132 181,189
Customer deposits 60,402 50,841
Operating lease liabilities 51,637 56,675
Other liabilities 301,188 308,535
Community development district obligations 16,416 10,209
Obligation for consolidated inventory not owned 21,141 30,330
Notes payable bank - homebuilding operations 0  
Notes payable bank - financial service operations 230,424 276,856
Senior notes due 2028 - net 399,007 398,427
Senior notes due 2030 - net 298,251 297,873
TOTAL LIABILITIES 1,607,598 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 September 30, 2026 and December 31, 2025; issued 30,137,141 shares at both September 30, 2026 and December 31, 2025 301 301
Additional paid-in capital 331,204 344,118
Retained earnings 3,481,467 3,268,014
Treasury shares - at cost - 5,105,910 and 4,374,432 shares at September 30, 2026 and December 31, 2025, respectively (560,405) (446,243)
TOTAL SHAREHOLDERS' EQUITY 3,252,567 3,166,190
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,860,165 $ 4,777,125