Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 260,956 $ 274,136
Investments and securities 77,698 89,687
Other receivables 54,165 38,983
Real estate 1,538,218 1,405,299
Real Estate Not Owned 48 289
Deposits on real estate under option or contract 54,666 [1],[2] 51,595
Investments in unconsolidated entities 9,756 11,638
Property and equipment, net 26,726 22,099
Deferred tax asset 69,235 70,404
Prepaids, other assets and goodwill 37,885 39,231
Total assets 2,129,353 2,003,361
Liabilities:    
Accounts payable 76,192 68,018
Accrued liabilities 141,771 166,611
Home sale deposits 23,835 21,996
Liabilities Related To Inventory Real Estate Not Owned 48 289
Senior, convertible senior notes and other borrowings 904,913 905,055
Total liabilities 1,146,759 1,161,969
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at March 31, 2014 and December 31, 2013 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 39,114,486 and 36,244,071 shares at March 31, 2014 and December 31, 2013, respectively 391 362
Additional paid-in capital 528,757 412,961
Retained earnings 453,446 428,069
Total stockholders' equity 982,594 841,392
Total liabilities and stockholders' equity $ 2,129,353 $ 2,003,361
[1] (3)Except for our specific performance option contracts recorded on our balance sheet as Real estate not owned, none of our option agreements require us to purchase lots.
[2] Amount is reflected in our consolidated balance sheet in the line item "Deposits on real estate under option or contract" as of March 31, 2014.