Note 22 - Results of Quarterly Operations (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

22.      Results of Quarterly Operations (Unaudited)

	Quarter
	First			Second			Third			Fourth
	(Dollars in thousands, except per share amounts)
2014
Total revenue	$	327,757		$	442,752		$	418,403		$	505,672
Home sales revenue	$	318,534		$	430,743		$	405,051		$	493,070
Asset impairments	$	-		$	(850	)	$	-		$	(910	)
Gross margin from home sales (including impairments)		18.5	%		17.1	%		16.5	%		16.3	%
Homebuilding selling, general and administrative expenses	$	48,341		$	49,798		$	50,512		$	54,602
Income before income taxes	$	18,640		$	34,026		$	23,924		$	23,885
Net income	$	11,504		$	21,542		$	15,458		$	14,639
Earnings per share:
Basic	$	0.24		$	0.44		$	0.32		$	0.30
Diluted	$	0.23		$	0.44		$	0.32		$	0.30

2013
Total revenue	$	344,254		$	416,018		$	448,000		$	472,162
Home sales revenue	$	331,748		$	400,327		$	433,693		$	460,939
Asset impairments	$	-		$	-		$	(350	)	$	(569	)
Gross margin from home sales (including impairments)		17.4	%		18.1	%		18.1	%		17.4	%
Homebuilding selling, general and administrative expenses	$	48,201		$	51,908		$	57,753		$	55,421
Income before income taxes	$	22,586		$	38,012		$	34,909		$	34,318
Net income	$	22,516		$	224,909		$	36,251		$	30,709
Earnings per share:
Basic	$	0.46		$	4.60		$	0.73		$	0.62
Diluted	$	0.45		$	4.56		$	0.73		$	0.62