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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Inventory impairments $ (5,900) $ (7,800)
Transaction costs (10,705) 0
Total pretax income 126,240 108,969
Provision for income taxes (30,421) (28,269)
Net income 95,819 80,700
Other comprehensive income net of tax:    
Unrealized gain (loss) related to available-for-sale debt securities (47) 323
Other comprehensive income (loss) (47) 323
Comprehensive income (loss) $ 95,772 $ 81,023
Earnings per share:    
Basic (in dollars per share) $ 1.28 $ 1.10
Diluted (in dollars per share) $ 1.25 $ 1.08
Weighted average common shares outstanding:    
Basic (in shares) 74,757,225 72,647,659
Diluted (in shares) 76,457,945 74,021,989
Dividends declared per share (in dollars per share) $ 0.55 $ 0.50
Homebuilding:    
Revenues $ 1,325,202 $ 1,020,016
Home cost of sales (1,087,316) (840,747)
Inventory impairments (5,900) (7,800)
Total cost of sales (1,093,216) (848,547)
Gross profit 231,986 171,469
Selling, general and administrative expenses (134,150) (94,988)
Interest and other income 22,417 13,459
Other income (expense) (972) 1,059
Total pretax income $ 108,576 $ 90,999
Weighted average common shares outstanding:    
Revenue from Contract with Customer, Product and Service [Extensible List] Home Sales Home Sales
Financial Services:    
Revenues $ 31,352 $ 29,486
Expenses (18,504) (15,250)
Other income, net 4,816 3,734
Total pretax income $ 17,664 $ 17,970
Weighted average common shares outstanding:    
Revenue from Contract with Customer, Product and Service [Extensible List] Financial Revenue Financial Revenue