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Condensed and Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Home closings revenue $ 500,839 $ 366,769
Land closings revenue 12,099 8,854
Mortgage operations revenue 6,262 5,889
Total revenues 519,200 381,512
Cost of home closings 393,656 288,831
Cost of land closings 8,713 7,644
Mortgage operations expenses 3,936 3,491
Total cost of revenues 406,305 299,966
Gross margin 112,895 81,546
Sales, commissions and other marketing costs 35,166 25,942
General and administrative expenses 22,372 20,344
Equity in income of unconsolidated entities (2,629) (3,158)
Interest expense (income), net 449 (486)
Other expense, net 3,235 742
Indemnification and transaction income (89) (1,710)
Income before income taxes 54,391 39,872
Income tax provision 13,095 15,535
Income before non-controlling interests, net of tax 41,296 24,337
Income attributable to non-controlling interests - joint ventures (117) (78)
Net income 41,179 24,259
Income attributable to non-controlling interests - Principal Equityholders (30,247) (24,259)
Net income available to Taylor Morrison Home Corporation $ 10,932 [1]  
Earnings per common share :    
Basic $ 0.33 [2]  
Diluted $ 0.33 [2]  
Weighted average number of shares of common stock :    
Basic 32,858 [2]  
Diluted 122,344 [2]  
[1] Prior to the Reorganization Transactions on April 9, 2013 and the initial public offering ("IPO") net income was attributed solely to the Principal Equityholders and not available to holders of Taylor Morrison Home Corporation Class A common stock.
[2] Prior to the Reorganization Transactions on April 9, 2013 and the IPO no common shares were outstanding. See the Company's 2013 Annual Report on Form 10-K for additional information.