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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Inventory impairments     $ 0 $ (610)
Income before income taxes $ 126,018 $ 62,806 286,218 192,743
Provision for income taxes (27,080) (12,226) (66,124) (47,020)
Net income 98,938 50,580 220,094 145,723
Comprehensive income $ 98,938 $ 50,580 $ 220,094 $ 145,723
Earnings per share:        
Basic Earnings Per Common Share (in dollars per share) $ 1.54 $ 0.81 $ 3.46 $ 2.36
Diluted Earnings Per Common Share (in dollars per share) $ 1.49 $ 0.79 $ 3.37 $ 2.29
Weighted average common shares outstanding:        
Basic (in shares) 63,868,486 61,978,195 63,129,077 61,422,925
Diluted (in shares) 65,824,910 63,968,215 64,969,855 63,360,535
Dividends declared per share (in dollars per share) $ 0.33 $ 0.30 $ 0.99 $ 0.90
Homebuilding:        
Total financial services revenues $ 1,000,549 $ 750,274 $ 2,584,392 $ 2,130,396
Cost of sales (795,172) (609,316) (2,061,608) (1,724,650)
Inventory impairments 0 0 0 (610)
Gross profit 205,377 140,958 522,784 405,746
Selling, general and administrative expenses (103,632) (92,716) (285,269) (257,689)
Interest and other income 756 2,336 3,365 7,491
Other income (expense), net (851) (1,887) (4,640) (4,188)
Income before income taxes 101,650 48,691 236,240 151,360
Homebuilding: | Home Building        
Cost of sales (795,172) (609,316) (2,061,608) (1,724,040)
Financial Services:        
Expenses (13,294) (10,352) (36,401) (28,883)
Other income (expense), net 859 2,079 (5,274) 11,877
Income before income taxes 24,368 14,115 49,978 41,383
Financial Services: | Financial Service        
Total financial services revenues $ 36,803 $ 22,388 $ 91,653 $ 58,389