XML 94 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Homebuilding:      
Inventory impairments $ (919) $ (1,105) $ (12,965)
Interest expense (1,726) (808) (20,842)
Income (loss) before income taxes 129,825 61,115 (107,472)
Financial Services:      
Income (loss) before income taxes 129,825 61,115 (107,472)
Benefit from income taxes 184,560 1,584 9,082
Net income (loss) 314,385 62,699 (98,390)
Other comprehensive income (loss) related to available for sale securities, net of tax 6,737 12,078 (12,124)
Comprehensive income (loss) 321,122 74,777 (110,514)
Earnings (loss) per share:      
Basic (in Dollars per share) $ 6.39 $ 1.29 $ (2.12)
Diluted (in Dollars per share) $ 6.34 $ 1.29 $ (2.12)
Weighted average common shares outstanding      
Basic (in Shares) 48,453,119 47,660,629 46,796,334
Diluted (in Shares) 48,831,785 47,834,156 46,796,334
Dividends declared per share (in Dollars per share)   $ 2.00 $ 1.00
Homebuilding [Member]
     
Homebuilding:      
Home sale revenues 1,626,707 1,150,998 805,164
Land sale revenues 2,468 5,144 11,859
Total home and land sale revenues 1,629,175 1,156,142 817,023
Home cost of sales (1,336,978) (973,120) (686,661)
Land cost of sales (1,961) (4,823) (10,796)
Inventory impairments (919) (1,105) (12,965)
Total cost of sales (1,339,858) (979,048) (710,422)
Gross margin 289,317 177,094 106,601
Selling, general and administrative expenses (213,283) (167,295) (179,105)
Interest income 26,938 23,398 26,068
Interest expense (1,726) (808) (20,842)
Other income (expense) (923) 228 (43,350)
Income (loss) before income taxes 100,323 32,617 (110,628)
Financial Services:      
Income (loss) before income taxes 100,323 32,617 (110,628)
Financial Services [Member]
     
Homebuilding:      
Total home and land sale revenues 51,259 46,881 26,086
Income (loss) before income taxes 29,502 28,498 3,156
Financial Services:      
Revenues 51,259 46,881 26,086
Expenses (25,271) (21,645) (26,306)
Interest and other income 3,514 3,262 3,376
Income (loss) before income taxes $ 29,502 $ 28,498 $ 3,156