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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Loss on debt retirement $ (12,150) $ 0 $ (12,150) $ 0
Income before income taxes 192,692 126,018 542,546 286,218
Provision for income taxes (46,738) (27,080) (131,550) (66,124)
Net income 145,954 98,938 410,996 220,094
Comprehensive income $ 145,954 $ 98,938 $ 410,996 $ 220,094
Earnings per share:        
Basic (in dollars per share) $ 2.07 $ 1.42 $ 5.83 $ 3.21
Diluted (in dollars per share) $ 1.99 $ 1.38 $ 5.62 $ 3.12
Weighted average common shares outstanding:        
Basic (in shares) 70,301,085 68,977,965 70,130,853 68,179,403
Diluted (in shares) 72,800,011 71,090,903 72,770,432 70,167,443
Dividends declared per share (in dollars per share) $ 0.40 $ 0.31 $ 1.17 $ 0.92
Homebuilding:        
Total financial services revenues $ 1,257,701 $ 1,000,549 $ 3,667,332 $ 2,584,392
Home cost of sales (962,078) (795,172) (2,827,147) (2,061,608)
Gross profit 295,623 205,377 840,185 522,784
Selling, general and administrative expenses (120,116) (103,632) (363,970) (285,269)
Loss on debt retirement     (12,150)  
Interest and other income 3,149 756 4,984 3,365
Other income (expense), net (1,354) (851) (2,881) (4,640)
Income before income taxes 165,152 101,650 466,168 236,240
Financial Services:        
Total financial services revenues 43,104 36,803 121,445 91,653
Expenses (16,377) (13,294) (47,922) (36,401)
Other income (expense), net 813 859 2,855 (5,274)
Income before income taxes $ 27,540 $ 24,368 $ 76,378 $ 49,978