“So we're still at $400 million, which is $300 million over the next two quarters.”

In context

“till the case? And secondly, given the strength of the balance sheet, and you've been kind of on a pretty consistent share repurchase cadence for the last few years. If we could expect, if it's reasonable to expect something similar, if not even maybe slightly bigger, just given the strength in the balance sheet and the consistency here of growth potentially? Martin P. Connor: Sure. Mike, we're about $100 million into share repurchases for this year. And while we said $100 million a quarter, our real target is around $400 million for the year. Our cash flow is generally better in the back end of the year. And remember, we had $400 million of debt that we -- an eyeball to pay off here in April. So cash flow and cash usage is going to be a little bit more free in the back half of this year. So we're still at $400 million, which is $300 million over the next two quarters. As it relates to beyond that, I don't think we're going to get a very specific but repurchases and return on equity and equity management are all part of the capital allocation strategy. Michael Rehaut: Right, perfect, thanks so much. Douglas C. Yearley, Jr.: You are very welcome Mike, thank you. Operator: Our next question comes from Stephen Kim from Evercore ISI. Please go ahead with your question. Stephen Kim: Yeah, thanks very much guys. Very encouraging, everything you've said so far. I wanted to just pick up on the capital allocation comments there, Marty particularly on two fronts. One is land spend intentions, we're at a conference and we're seeing -- we're hearing a lot of chatter about how tighter credit conditions for smaller builders is making things very difficult for them a”