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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Inventory Impairments $ (28,415)   $ (29,075) $ 0
Loss on debt retirement 0 $ (12,150) 0 (12,150)
Total pretax income 185,789 192,692 646,634 542,546
Provision for income taxes (41,389) (46,738) (164,271) (131,550)
Net income 144,400 145,954 482,363 410,996
Comprehensive income $ 144,400 $ 145,954 $ 482,363 $ 410,996
Earnings per share:        
Basic Earnings Per Common Share (in dollars per share) $ 2.03 $ 2.07 $ 6.78 $ 5.83
Diluted Earnings Per Common Share (in dollars per share) $ 1.98 $ 1.99 $ 6.59 $ 5.62
Weighted average common shares outstanding:        
Basic (in shares) 70,880,405 70,301,085 70,829,761 70,130,853
Diluted (in shares) 72,729,453 72,800,011 72,892,635 72,770,432
Dividends declared per share (in dollars per share) $ 0.50 $ 0.40 $ 1.50 $ 1.17
Homebuilding:        
Total financial services revenues $ 1,407,642 $ 1,257,701 $ 4,098,985 $ 3,667,332
Home cost of sales (1,059,996) (962,078) (3,043,390) (2,827,147)
Inventory Impairments (28,415) 0 (29,075) 0
Total cost of sales (1,088,411) (962,078) (3,072,465) (2,827,147)
Gross profit 319,231 295,623 1,026,520 840,185
Selling, general and administrative expenses (141,435) (120,116) (404,598) (363,970)
Interest and other income 2,220 3,149 3,797 4,984
Other expense (11,800) (1,354) (28,733) (2,881)
Total pretax income 168,216 165,152 596,986 466,168
Financial Services:        
Total financial services revenues 34,101 43,104 99,461 121,445
Expenses (18,704) (16,377) (54,440) (47,922)
Other income, net 2,176 813 4,627 2,855
Total pretax income $ 17,573 $ 27,540 $ 49,648 $ 76,378