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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Inventory Impairments $ (660) $ 0
Income before income taxes 201,882 144,312
Provision for income taxes (53,461) (33,622)
Net income 148,421 110,690
Comprehensive income $ 148,421 $ 110,690
Earnings per share:    
Basic Earnings Per Common Share (in dollars per share) $ 2.09 $ 1.58
Diluted Earnings Per Common Share (in dollars per share) $ 2.02 $ 1.51
Weighted average common shares outstanding:    
Basic (in shares) 70,766,146 69,790,927
Diluted (in shares) 72,938,414 72,788,177
Dividends declared per share (in dollars per share) $ 0.50 $ 0.37
Homebuilding:    
Total financial services revenues $ 1,240,520 $ 1,041,858
Home cost of sales (921,378) (813,888)
Inventory Impairments (660) 0
Total cost of sales (922,038) (813,888)
Gross profit 318,482 227,970
Selling, general and administrative expenses (129,314) (114,993)
Interest and other income 755 967
Other expense (1,424) (437)
Income before income taxes 188,499 113,507
Financial Services:    
Total financial services revenues 29,131 45,023
Expenses (16,935) (15,105)
Other income, net 1,187 887
Income before income taxes $ 13,383 $ 30,805