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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Inventory Impairments     $ (660) $ 0
Income before income taxes $ 258,963 $ 205,542 460,845 349,854
Provision for income taxes (69,421) (51,190) (122,882) (84,812)
Net income 189,542 154,352 337,963 265,042
Comprehensive income $ 189,542 $ 154,352 $ 337,963 $ 265,042
Earnings per share:        
Basic Earnings Per Common Share (in dollars per share) $ 2.66 $ 2.19 $ 4.75 $ 3.76
Diluted Earnings Per Common Share (in dollars per share) $ 2.59 $ 2.11 $ 4.61 $ 3.62
Weighted average common shares outstanding:        
Basic (in shares) 70,841,476 70,291,057 70,804,019 70,044,326
Diluted (in shares) 72,881,012 72,715,273 72,945,748 72,754,141
Dividends declared per share (in dollars per share) $ 0.50 $ 0.40 $ 1.00 $ 0.77
Homebuilding:        
Total financial services revenues $ 1,450,823 $ 1,367,773 $ 2,691,343 $ 2,409,631
Home cost of sales (1,062,016) (1,051,181) (1,983,394) (1,865,069)
Inventory Impairments 0 0 (660) 0
Total cost of sales (1,062,016) (1,051,181) (1,984,054) (1,865,069)
Gross profit 388,807 316,592 707,289 544,562
Selling, general and administrative expenses (133,849) (128,861) (263,163) (243,854)
Interest and other income 822 868 1,577 1,835
Other expense (15,509) (1,090) (16,933) (1,527)
Income before income taxes 240,271 187,509 428,770 301,016
Financial Services:        
Total financial services revenues 36,229 33,318 65,360 78,341
Expenses (18,801) (16,440) (35,736) (31,545)
Other income, net 1,264 1,155 2,451 2,042
Income before income taxes $ 18,692 $ 18,033 $ 32,075 $ 48,838