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Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Inventory: |  |
Land under development | $ 27,100 | $ 12,147
Contract land deposits, net | 496,080 | 497,139
Total assets | 5,660,973 | 5,834,475
LIABILITIES AND SHAREHOLDERS' EQUITY |  |
Operating Lease, Liability | 92,786 |
Total liabilities | 2,154,124 | 2,832,097
Commitments and contingencies |  |
Common stock, shares authorized | 60,000,000 | 60,000,000
Common stock, par value | $ 0.01 | $ 0.01
Shareholders' equity: |  |
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both December 31, 2017 and December 31, 2016 | $ 206 | $ 206
Additional paid-in capital | 2,600,014 | 2,378,191
Deferred compensation trust – 108,640 shares of NVR, Inc. common stock as of both December 31, 2017 and December 31, 2016 | (16,710) | (16,710)
Deferred compensation liability | 16,710 | 16,710
Retained earnings | 11,773,414 | 10,047,839
Less treasury stock at cost – 16,864,324 and 16,862,327 shares as of December 31, 2017 and December 31, 2016, respectively | (10,866,785) | (9,423,858)
Total shareholders' equity | 3,506,849 | 3,002,378
Total liabilities and shareholders' equity | $ 5,660,973 | $ 5,834,475
Common stock, shares issued | 20,555,330 | 20,555,330
Deferred compensation trust, shares | 106,697 | 106,697
Home Building |  |
ASSETS |  |
Cash and cash equivalents | $ 2,503,424 | $ 2,545,069
Restricted cash | 48,455 | 60,730
Receivables | 20,842 | 18,552
Inventory: |  |
Lots and housing units, covered under sales agreements with customers | 1,554,955 | 1,777,862
Unsold lots and housing units | 181,952 | 127,434
Land under development | 27,100 | 12,147
Building materials and other | 24,268 | 29,923
Total Inventory | 1,788,275 | 1,947,366
Contract land deposits, net | 496,080 | 497,139
Property, plant and equipment, net | 57,950 | 56,979
Operating Lease, Right-of-Use Asset | 71,081 | 59,010
Goodwill acquired from business acquisition | 41,580 | 41,580
Deferred tax assets, net | 143,585 | 132,894
Other assets | 75,898 | 96,124
Total assets | 5,247,170 | 5,455,443
LIABILITIES AND SHAREHOLDERS' EQUITY |  |
Accounts payable | 334,016 | 336,560
Accrued expenses and other liabilities | 437,234 | 435,860
Contract with Customer, Liability | 313,804 | 417,463
Operating Lease, Liability | 75,818 | 64,128
Senior notes | 914,888 | 1,516,255
Total liabilities | 2,075,760 | 2,770,266
Mortgage Banking |  |
ASSETS |  |
Cash and cash equivalents | 19,415 | 28,398
Restricted cash | 2,974 | 2,519
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance | 316,806 | 302,192
Inventory: |  |
Property, plant and equipment, net | 3,559 | 3,658
Operating Lease, Right-of-Use Asset | 16,011 | 9,758
Goodwill acquired from business acquisition | 7,347 | 7,347
Other assets | 47,691 | 25,160
Total assets | 413,803 | 379,032
LIABILITIES AND SHAREHOLDERS' EQUITY |  |
Operating Lease, Liability | 16,968 | 10,437
Accounts payable and other liabilities | 61,396 | 51,394
Total liabilities | $ 78,364 | $ 61,831

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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29,30) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 + Details
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