Condensed and Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | ||||||
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Mar. 31, 2014
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Mar. 31, 2013
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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] | |||||
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X | ||||||||||
- Definition
Income Loss Excluding Portion Attributable To Noncontrolling Interest Net Of Tax. No definition available.
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X | ||||||||||
- Definition
Indemnification Income Expense No definition available.
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X | ||||||||||
- Definition
This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate costs of real estate land sales including administrative paperwork, real estate brokerage, title, and property management operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate costs related to design, development, general contracting, remodeling, and renovation services for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Revenue related to the sale of homes and home building activities including design, development, general contracting, and renovation services for residential buildings, including single-family houses, multifamily housing, townhouses, apartments, and modular housing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Revenue from the sale of land in the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to redeemable noncontrolling shareholder, unit holder, partner, or other equity holder of a joint venture. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax of income (loss) attributable to redeemable noncontrolling preferred unit holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Other financial services costs incurred during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Fees and other service revenues recognized in the period that are not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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