Results of Quarterly Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data [Abstract]

Quarterly Financial Information

	Quarter
	First			Second			Third			Fourth
	(Dollars in thousands, except per share amounts)
2020
Total revenue	$	718,971		$	919,722		$	1,037,352		$	1,225,166
Home sales revenue	$	697,085		$	886,758		$	1,000,549		$	1,180,987
Asset impairments	$	—		$	—		$	—		$	—
Gross margin from home sales (including impairments)	19.9		%	20.2		%	20.5		%	22.0		%
Homebuilding selling, general and administrative expenses	$	89,321		$	92,316		$	103,632		$	117,949
Income before income taxes	$	48,562		$	111,638		$	126,018		$	171,294
Net income	$	36,760		$	84,396		$	98,938		$	147,488
Earnings per share:
Basic	$	0.58		$	1.33		$	1.54		$	2.27
Diluted	$	0.56		$	1.31		$	1.49		$	2.19
2019
Total revenue	$	664,682		$	751,441		$	772,662		$	1,104,468
Home sales revenue	$	647,278		$	732,844		$	750,274		$	1,074,852
Asset impairments	$	(610)		$	—		$	—		$	(325)
Gross margin from home sales (including impairments)	18.9		%	19.5		%	18.8		%	18.5		%
Homebuilding selling, general and administrative expenses	$	82,261		$	82,712		$	92,716		$	105,101
Income before income taxes	$	55,606		$	74,331		$	62,806		$	112,246
Net income	$	40,550		$	54,593		$	50,580		$	92,589
Earnings per share:
Basic	$	0.66		$	0.88		$	0.81		$	1.48
Diluted	$	0.64		$	0.86		$	0.79		$	1.42