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
Jun. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 230,630 $ 274,136
Investments and securities 59,944 89,687
Other receivables 50,695 38,983
Real estate 1,638,028 1,405,299
Real estate not owned 4,999 289
Deposits on real estate under option or contract 58,881 [1],[2] 51,595
Investments in unconsolidated entities 9,903 11,638
Property and equipment, net 28,828 22,099
Deferred tax asset 68,289 70,404
Prepaids, other assets and goodwill 42,481 39,231
Total assets 2,192,678 2,003,361
Liabilities:    
Accounts payable 83,960 68,018
Accrued liabilities 151,796 166,611
Home sale deposits 27,533 21,996
Liabilities related to real estate not owned 4,299 289
Senior, convertible senior notes and other borrowings 904,771 905,055
Total liabilities 1,172,359 1,161,969
Stockholders' Equity:    
Preferred stock, par value $0.01. Authorized 10,000,000 shares; none issued and outstanding at June 30, 2014 and December 31, 2013 0 0
Common stock, par value $0.01. Authorized 125,000,000 shares; issued 39,121,706 and 36,244,071 shares at June 30, 2014 and December 31, 2013, respectively 391 362
Additional paid-in capital 531,403 412,961
Retained earnings 488,525 428,069
Total stockholders' equity 1,020,319 841,392
Total liabilities and stockholders' equity $ 2,192,678 $ 2,003,361
[1] Amount is reflected in our consolidated balance sheet in the line item "Deposits on real estate under option or contract" as of June 30, 2014.
[2] (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.