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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 74,819 $ 81,762
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:    
Deferred income taxes 52,086 0
Depreciation and amortization 5,670 7,339
Stock-based compensation expense 8,522 7,141
Equity in (earnings) loss of unconsolidated entities (5,891) 898
Distributions of earnings from unconsolidated entities 4,753 265
Loss on debt retirements 8,584 0
Other non-cash, net 3,256 3,035
Increase (decrease) in cash due to:    
Restricted cash (890) 860
Inventories (68,812) 99,760
Residential mortgage loans available-for-sale 76,357 80,727
Other assets 17,090 (370)
Accounts payable, accrued and other liabilities (83,943) (8,795)
Income tax liabilities (205) (2,002)
Net cash provided by (used in) operating activities 91,396 270,620
Cash flows from investing activities:    
Distributions from unconsolidated entities 6,385 200
Investments in unconsolidated entities (9) (593)
Net change in loans held for investment (6,390) 10
Change in restricted cash related to letters of credit (1,991) 4,513
Proceeds from the sale of property and equipment 23 59
Capital expenditures (17,865) (5,378)
Net cash provided by (used in) investing activities (19,847) (1,189)
Cash flows from financing activities:    
Financial Services borrowings (repayments) (69,828) (82,164)
Other borrowings (repayments) (250,013) (213)
Stock option exercises 5,295 7,537
Stock repurchases (50,105) (6,427)
Dividends paid (19,065) 0
Net cash provided by (used in) financing activities (383,716) (81,267)
Net increase (decrease) in cash and equivalents (312,167) 188,164
Cash and equivalents at beginning of period 1,580,329 1,404,760
Cash and equivalents at end of period 1,268,162 1,592,924
Supplemental Cash Flow Information:    
Interest paid (capitalized), net (19,556) (23,095)
Income taxes paid (refunded), net $ (8,253) $ (3,026)