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Results of Quarterly Operations
12 Months Ended
Dec. 31, 2018
Results Of Quarterly Operations [Abstract]  
Results of Quarterly Operations

22. Results of Quarterly Operations (Unaudited)





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter



 

First

 

Second

 

Third

 

Fourth



 

(in thousands, except per share amounts)

2018

 

 

 

 

 

 

 

 

 

 

 

 

Home sales revenues

 

$

394,831 

 

$

522,164 

 

$

552,876 

 

$

640,187 

Gross margin from home sales revenues

 

$

75,248 

 

$

94,967 

 

$

92,732 

 

$

105,492 

Income before tax expense

 

$

23,107 

 

$

46,502 

 

$

22,859 

 

$

36,062 

Net income

 

$

20,019 

 

$

33,193 

 

$

17,048 

 

$

26,195 

Basic earnings per share

 

$

0.68 

 

$

1.11 

 

$

0.56 

 

$

0.85 

Diluted earnings per share

 

$

0.67 

 

$

1.10 

 

$

0.56 

 

$

0.85 



 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

Home sales revenues

 

$

226,420 

 

$

287,588 

 

$

374,935 

 

$

516,500 

Gross margin from home sales revenues

 

$

44,096 

 

$

53,700 

 

$

63,570 

 

$

90,718 

Income before tax expense

 

$

12,051 

 

$

23,109 

 

$

15,156 

 

$

33,848 

Net income

 

$

8,799 

 

$

14,831 

 

$

9,470 

 

$

17,195 

Basic earnings per share

 

$

0.40 

 

$

0.67 

 

$

0.37 

 

$

0.61 

Diluted earnings per share

 

$

0.40 

 

$

0.66 

 

$

0.37 

 

$

0.60