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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Inventory impairments     $ 0 $ (610)
Income before income taxes $ 111,638 $ 74,331 160,200 129,937
Provision for income taxes (27,242) (19,738) (39,044) (34,794)
Net income 84,396 54,593 121,156 95,143
Comprehensive income $ 84,396 $ 54,593 $ 121,156 $ 95,143
Earnings per share:        
Basic Earnings Per Common Share (in dollars per share) $ 1.33 $ 0.88 $ 1.92 $ 1.55
Diluted Earnings Per Common Share (in dollars per share) $ 1.31 $ 0.86 $ 1.87 $ 1.50
Weighted average common shares outstanding:        
Basic (in shares) 63,015,827 61,336,404 62,755,310 61,138,982
Diluted (in shares) 64,080,940 63,323,267 64,538,835 63,023,149
Dividends declared per share (in dollars per share) $ 0.33 $ 0.30 $ 0.66 $ 0.60
Homebuilding:        
Total financial services revenues $ 886,758 $ 732,844 $ 1,583,843 $ 1,380,122
Cost of sales (707,789) (590,172) (1,266,436) (1,115,334)
Inventory impairments 0 0 0 (610)
Gross profit 178,969 142,672 317,407 264,788
Selling, general and administrative expenses (92,316) (82,712) (181,637) (164,973)
Interest and other income 720 2,764 2,609 5,155
Other income (expense), net (2,452) (1,110) (3,789) (2,301)
Income before income taxes 84,921 61,614 134,590 102,669
Homebuilding: | Home Building        
Cost of sales (707,789) (590,172) (1,266,436) (1,114,724)
Financial Services:        
Expenses (12,178) (9,574) (23,107) (18,531)
Other income (expense), net 5,931 3,694 (6,133) 9,798
Income before income taxes 26,717 12,717 25,610 27,268
Financial Services: | Financial Service        
Total financial services revenues $ 32,964 $ 18,597 $ 54,850 $ 36,001