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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Homebuilding [Member]        
Home sale revenues $ 571,195,000 $ 461,708,000 $ 965,615,000 $ 838,717,000
Land sale revenues 316,000 2,640,000 910,000
Total home and land sale revenues 571,511,000 461,708,000 968,255,000 839,627,000
Home cost of sales (475,836,000) (385,019,000) (805,862,000) (703,661,000)
Land cost of sales (216,000) (1,879,000) (1,125,000)
Inventory impairments (1,600,000) (1,600,000) (350,000)
Total cost of sales (477,652,000) (385,019,000) (809,341,000) (705,136,000)
Gross margin 93,859,000 76,689,000 158,914,000 134,491,000
Selling, general and administrative expenses (64,440,000) (54,781,000) (120,717,000) (105,313,000)
Interest and other income 2,553,000 2,720,000 3,489,000 4,574,000
Other expense (278,000) (1,055,000) (905,000) (2,189,000)
Other-than-temporary impairment of marketable securities (288,000) (719,000)
Homebuilding pretax income 31,406,000 23,573,000 40,062,000 31,563,000
Financial Services [Member]        
Homebuilding pretax income 9,052,000 8,309,000 14,669,000 13,645,000
Revenues 15,823,000 11,420,000 26,840,000 22,011,000
Expenses (7,543,000) (4,207,000) (13,784,000) (10,366,000)
Interest and other income 772,000 1,096,000 1,613,000 2,000,000
Inventory impairments (1,600,000) (1,600,000) (350,000)
Other-than-temporary impairment of marketable securities (300,000) 0 (719,000) 0
Homebuilding pretax income 40,458,000 31,882,000 54,731,000 45,208,000
Provision for income taxes (13,545,000) (11,884,000) (18,255,000) (16,790,000)
Net income 26,913,000 19,998,000 36,476,000 28,418,000
Other comprehensive income (loss) related to available for sale securities, net of tax 895,000 (360,000) 2,843,000 948,000
Comprehensive income $ 27,808,000 $ 19,638,000 $ 39,319,000 $ 29,366,000
Earnings per share:        
Basic (in dollars per share) $ 0.55 $ 0.41 $ 0.74 $ 0.58
Diluted (in dollars per share) $ 0.55 $ 0.41 $ 0.74 $ 0.58
Weighted average common shares outstanding        
Basic (in shares) 48,851,350 48,768,021 48,839,660 48,741,476
Diluted (in shares) 48,861,742 49,005,037 48,848,914 48,954,059
Dividends declared per share (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50