UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 677,498	$ 775,157
Other receivables	345,535	306,956
Real estate	6,014,511	5,987,120
Deposits on real estate under option or contract	170,777	174,170
Investments in unconsolidated entities	64,225	57,268
Property and equipment, net	45,057	46,647
Deferred tax assets, net	44,427	53,293
Prepaids, other assets and goodwill	227,614	221,676
Total assets	7,589,644	7,622,287
Liabilities
Accounts payable	209,249	200,679
Accrued and other liabilities	476,658	387,698
Home sale deposits	7,627	9,213
Loans payable and other borrowings	42,351	24,328
Senior and convertible senior notes, net	1,809,401	1,804,726
Total liabilities	2,545,286	2,426,644
Stockholders’ Equity
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at September 30, 2026 and December 31, 2025	0	0
Common stock, par value $0.01. Authorized 125,000,000 shares; 64,423,225 and 68,168,923 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively	644	682
Additional paid-in capital	0	0
Retained earnings	5,043,714	5,194,961
Total stockholders’ equity	5,044,358	5,195,643
Total liabilities and stockholders’ equity	$ 7,589,644	$ 7,622,287

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.