Schedule of Quarterly Results of Operations |
The following table presents our unaudited quarterly financial data (in thousands, except per share amounts). | | | | | | | | | | | | | | | | | | First | | Second | | Third | | Fourth | 2017 | Quarter | | Quarter | | Quarter | | Quarter | Total revenues(1) | $ | 393,391 |
| | $ | 570,626 |
| | $ | 717,735 |
| | $ | 1,128,520 |
| Cost of homes sales and other(2) | 319,618 |
| | 455,476 |
| | 534,494 |
| | 880,849 |
| Gross margin | $ | 73,773 |
| | $ | 115,150 |
| | $ | 183,241 |
| | $ | 247,671 |
| Net income | $ | 8,217 |
| | $ | 32,803 |
| | $ | 72,289 |
| | $ | 74,242 |
| Net income attributable to noncontrolling interests | (24 | ) | | (89 | ) | | $ | (25 | ) | | (222 | ) | Net income available to common stockholders | $ | 8,193 |
| | $ | 32,714 |
| | $ | 72,264 |
| | $ | 74,020 |
| | | | | | | | | Earnings per share | | | | | | | | Basic | $ | 0.05 |
| | $ | 0.21 |
| | $ | 0.48 |
| | $ | 0.49 |
| Diluted | $ | 0.05 |
| | $ | 0.21 |
| | $ | 0.48 |
| | $ | 0.49 |
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__________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.
| | | | | | | | | | | | | | | | | | First | | Second | | Third | | Fourth | 2016 | Quarter | | Quarter | | Quarter | | Quarter | Total revenues(1) | $ | 424,138 |
| | $ | 625,222 |
| | $ | 582,029 |
| | $ | 773,753 |
| Cost of homes sales and other(2) | 325,844 |
| | 447,781 |
| | 464,632 |
| | 617,684 |
| Gross margin | $ | 98,294 |
| | $ | 177,441 |
| | $ | 117,397 |
| | $ | 156,069 |
| Net income | $ | 28,710 |
| | $ | 74,193 |
| | $ | 35,145 |
| | $ | 58,085 |
| Net income attributable to noncontrolling interests | (160 | ) | | (267 | ) | | (311 | ) | | (224 | ) | Net income available to common stockholders | $ | 28,550 |
| | $ | 73,926 |
| | $ | 34,834 |
| | $ | 57,861 |
| | | | | | | | | Earnings per share | | | | | | | | Basic | $ | 0.18 |
| | $ | 0.46 |
| | $ | 0.22 |
| | $ | 0.36 |
| Diluted | $ | 0.18 |
| | $ | 0.46 |
| | $ | 0.22 |
| | $ | 0.36 |
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__________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.
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