| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||||||||||||||
Net income | ||||||||||||||||||||||||
122,003 | 112,994 | 85,830 | 75,855 | 93,553 | 96,455 | 87,456 | 79,877 | 61,515 | 50,295 | 48,173 | 52,045 | 50,356 | 49,540 | 47,625 | 44,866 | 41,522 | 39,890 | 33,920 | 27,464 | 23,005 | 20,022 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||||||
13,723 | 13,382 | 13,021 | 12,715 | 12,379 | 12,031 | 10,703 | 9,667 | 8,316 | 6,973 | 6,438 | 5,601 | 5,559 | 5,580 | 5,416 | 5,240 | 5,129 | 4,713 | 4,663 | 4,021 | 3,446 | 2,941 | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||||||||||||||||||
13,467 | 15,316 | 14,999 | 14,888 | 14,761 | 13,743 | 13,156 | 11,944 | 10,147 | 9,542 | 8,120 | 7,115 | 6,853 | 6,657 | 6,438 | 6,217 | 5,904 | 5,245 | 4,564 | 3,902 | 2,912 | 2,152 | 0 | 0 | 0 |
Inventory impairment and other | ||||||||||||||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||||||||||||||
2,481 | 3,174 | -3,865 | -2,738 | -1,175 | -4,155 | 2,636 | 1,343 | -803 | 674 | 2,548 | 403 | 39 | 1,507 | 1,831 | 2,638 | 2,224 | 1,634 | -4,427 | -2,965 | -2,276 | -2,054 | 0 | 0 | 0 |
Distributions from unconsolidated subsidiaries | ||||||||||||||||||||||||
- | - | - | - | - | 7,432 | 7,386 | 8,780 | 7,808 | 5,200 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Equity in income of unconsolidated subsidiaries | ||||||||||||||||||||||||
- | - | - | - | - | 14,849 | 19,377 | 23,094 | 14,089 | 12,176 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss on disposition of assets | ||||||||||||||||||||||||
-333 | -361 | -1,426 | -2,275 | -2,078 | -1,979 | -1,774 | -780 | -777 | -577 | -224 | 96 | 167 | 446 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||||||
Cash held in escrow | ||||||||||||||||||||||||
-2,167 | 10,964 | -1,545 | -18,042 | 2,868 | -13,640 | -10,616 | 17,640 | 4,319 | 17,679 | 14,513 | 14,076 | 3,082 | 8,227 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Accounts receivable | ||||||||||||||||||||||||
10,653 | 13,974 | -10,086 | -4,891 | -1,261 | -1,227 | 5,997 | 3,885 | -2,137 | 166 | 8,370 | -9,177 | 3,980 | 488 | -1,046 | 14,093 | -5,750 | 1,438 | -7,196 | -5,322 | 3,839 | 1,803 | 0 | 0 | 0 |
Inventories | ||||||||||||||||||||||||
120,848 | 129,024 | 257,393 | 281,848 | 271,706 | 284,977 | 231,670 | 156,860 | 144,503 | 83,380 | 101,364 | 93,401 | 61,476 | 91,859 | 137,540 | 177,487 | 216,578 | 208,524 | 201,352 | 183,654 | 191,527 | 160,886 | 0 | 0 | 0 |
Prepaid expenses and other assets | ||||||||||||||||||||||||
-46,201 | -41,542 | -38,731 | 29,892 | 29,970 | 27,255 | 37,932 | 20,339 | 16,920 | 16,583 | 12,377 | 12,096 | 12,229 | 12,275 | 8,046 | -5,464 | -4,286 | -4,811 | -1,422 | 7,794 | 8,475 | 11,140 | 0 | 0 | 0 |
Accounts payable | ||||||||||||||||||||||||
-33,906 | -5,113 | 38,081 | 37,437 | 38,366 | 52,560 | 7,623 | 29,974 | 2,122 | -3,670 | -10,541 | -7,810 | -5,343 | 4,657 | 9,836 | 2,727 | 4,122 | -6,102 | -5,037 | -5,182 | -3,309 | 3,444 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||||||||||||||||||
-29,165 | -39,263 | -46,278 | -4,456 | -11 | -1,662 | -16,907 | -27,331 | -17,779 | 1,405 | 5,626 | 13,976 | 6,821 | 854 | 739 | 2,754 | -10,398 | -1,014 | 12,549 | 16,395 | 38,617 | 24,863 | 0 | 0 | 0 |
Mortgage loans held for sale | ||||||||||||||||||||||||
43,982 | 72,853 | 34,560 | 65,686 | 59,366 | 61,747 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in operating activities | ||||||||||||||||||||||||
-21,783 | -68,807 | -127,545 | -207,685 | -210,407 | -195,578 | -202,860 | -152,859 | -145,727 | -111,272 | -108,700 | -50,667 | -17,243 | -44,691 | -77,231 | -123,903 | -162,525 | -162,734 | -167,303 | -149,710 | -148,656 | -129,671 | 0 | 0 | 0 |
Investing activities | ||||||||||||||||||||||||
Purchases of property and equipment | ||||||||||||||||||||||||
15,533 | 16,117 | 15,543 | 14,543 | 16,703 | 15,803 | 23,653 | 22,276 | 18,945 | 17,627 | 7,254 | 5,703 | 6,030 | 7,762 | 7,921 | 8,541 | 7,319 | 5,750 | 4,938 | 3,249 | 2,266 | 1,127 | 0 | 0 | 0 |
Proceeds from sale of assets | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from secured note receivable | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Acquisitions of businesses | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 232,585 | 0 | 0 | 0 |
Other investing activities | ||||||||||||||||||||||||
-177 | -104 | -109 | -40 | 6 | -303 | -298 | -3,426 | -424 | -154 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||||||||||||||
-13,626 | -14,283 | -15,434 | -14,503 | -44,745 | -43,536 | -107,981 | -163,859 | -135,494 | -134,446 | -84,323 | -25,101 | -22,104 | -23,201 | -6,545 | -7,162 | -5,141 | -4,232 | -57,771 | -69,307 | -229,851 | -233,712 | 0 | 0 | 0 |
Financing activities | ||||||||||||||||||||||||
Borrowings under revolving credit facilities | ||||||||||||||||||||||||
1,937,700 | 1,548,500 | 1,385,800 | 1,183,600 | 949,800 | 721,000 | 620,000 | 405,000 | 190,000 | 175,000 | 150,000 | 205,000 | 215,000 | 220,000 | 190,000 | 195,000 | 195,000 | 180,000 | 155,000 | 95,000 | 55,000 | 119,000 | 0 | 0 | 0 |
Payments on revolving credit facilities | ||||||||||||||||||||||||
1,702,800 | 1,682,300 | 1,343,000 | 1,101,600 | 662,800 | 518,500 | 384,000 | 275,000 | 255,000 | 370,000 | 340,000 | 365,000 | 310,000 | 160,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Principal payments on notes payable | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from insurance notes payable | ||||||||||||||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of insurance premium notes and other | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Principal payments on insurance notes payable and other | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -6,370 | -8,716 | -10,284 | -9,217 | -9,423 | -7,128 | -6,729 | -8,656 | 0 | 0 | 0 | - | - | - | - |
Debt issuance costs | ||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 8,579 | 0 | 0 | 0 | - | - | - | - | 2,817 | 0 | 0 | 0 | - | - | - | - |
Net proceeds from mortgage repurchase facilities | ||||||||||||||||||||||||
42,927 | 69,540 | 20,471 | 47,752 | 53,854 | 56,236 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net proceeds from issuances of common stock | ||||||||||||||||||||||||
- | - | - | - | - | 30,947 | 94,283 | 88,039 | 88,061 | 98,063 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Repurchases of common stock upon vesting of stock-based compensation | ||||||||||||||||||||||||
5,394 | 3,583 | 3,589 | 4,130 | 3,860 | 5,484 | 6,573 | 6,326 | 7,117 | 5,231 | 4,142 | 3,804 | 3,665 | 1,015 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repurchases of common stock under stock repurchase program | ||||||||||||||||||||||||
- | 1,439 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 2,393 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||||||||||||||||||
447,394 | 105,170 | 164,844 | 232,924 | 260,709 | 181,842 | 265,195 | 1,867 | 291,896 | 308,476 | 240,682 | 403,596 | 52,866 | 69,200 | 88,345 | 109,119 | 152,456 | 162,791 | 136,155 | 83,924 | 220,020 | 286,847 | 0 | 0 | 0 |
Net increase | ||||||||||||||||||||||||
411,985 | 22,080 | 21,865 | 10,736 | 5,557 | -57,272 | -45,646 | -314,851 | 10,675 | 62,758 | 47,659 | 327,828 | 13,519 | 1,308 | 4,569 | -21,946 | -15,210 | -4,175 | -88,919 | -135,093 | -158,487 | -76,536 | 0 | 0 | 0 |
Supplemental cash flow disclosure | ||||||||||||||||||||||||
Cash paid for income taxes | ||||||||||||||||||||||||
- | - | - | - | - | 39,656 | 0 | 0 | 0 | - | - | - | - | 23,467 | 20,775 | 24,643 | 15,756 | 18,657 | 23,608 | 23,217 | 18,091 | 18,458 | 0 | 0 | 0 |