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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income before income taxes $ 205,542 $ 111,638 $ 349,854 $ 160,200
Provision for income taxes (51,190) (27,242) (84,812) (39,044)
Net income 154,352 84,396 265,042 121,156
Comprehensive income $ 154,352 $ 84,396 $ 265,042 $ 121,156
Earnings per share:        
Basic (in dollars per share) $ 2.19 $ 1.23 $ 3.76 $ 1.78
Diluted (in dollars per share) $ 2.11 $ 1.21 $ 3.62 $ 1.73
Weighted average common shares outstanding:        
Basic (in shares) 70,291,057 68,057,093 70,044,326 67,775,735
Diluted (in shares) 72,715,273 69,207,415 72,754,141 69,701,942
Dividends declared per share (in dollars per share) $ 0.40 $ 0.31 $ 0.77 $ 0.61
Homebuilding:        
Total financial services revenues $ 1,367,773 $ 886,758 $ 2,409,631 $ 1,583,843
Gross profit 316,592 178,969 544,562 317,407
Selling, general and administrative expenses (128,861) (92,316) (243,854) (181,637)
Interest and other income 868 720 1,835 2,609
Other income (expense), net (1,090) (2,452) (1,527) (3,789)
Income before income taxes 187,509 84,921 301,016 134,590
Homebuilding: | Home Building        
Home cost of sales (1,051,181) (707,789) (1,865,069) (1,266,436)
Financial Services:        
Expenses (16,440) (12,178) (31,545) (23,107)
Other income (expense), net 1,155 5,931 2,042 (6,133)
Income before income taxes 18,033 26,717 48,838 25,610
Financial Services: | Financial Service        
Total financial services revenues $ 33,318 $ 32,964 $ 78,341 $ 54,850