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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Inventory impairments $ 0 $ (200) $ (610) $ (750)
Pretax income 74,331 76,616 129,937 127,148
Provision for income taxes (19,738) (12,717) (34,794) (24,485)
Net income 54,593 63,899 95,143 102,663
Comprehensive income $ 54,593 $ 63,899 $ 95,143 $ 102,663
Earnings per share:        
Basic (in dollars per share) $ 0.88 $ 1.05 $ 1.55 $ 1.69
Diluted (in dollars per share) $ 0.86 $ 1.03 $ 1.50 $ 1.66
Weighted average common shares outstanding:        
Basic (in shares) 61,336,404 60,590,899 61,138,982 60,466,527
Diluted (in shares) 63,323,267 61,604,286 63,023,149 61,525,442
Dividends declared per share (in dollars per share) $ 0.30 $ 0.28 $ 0.60 $ 0.56
Homebuilding Segment [Member]        
Revenues $ 732,844 $ 749,608 $ 1,380,122 $ 1,357,296
Cost of sales (590,172) (606,603) (1,115,334) (1,103,785)
Inventory impairments 0 (200) (610) (750)
Gross profit 142,672 143,005 264,788 253,511
Selling, general and administrative expenses (82,712) (81,571) (164,973) (152,912)
Interest and other income 2,764 1,774 5,155 3,633
Other expense (1,110) (871) (2,301) (1,434)
Pretax income 61,614 62,337 102,669 102,798
Homebuilding Segment [Member] | Home Building [Member]        
Revenues 732,844 749,608 1,380,122 1,357,296
Cost of sales (590,172) (606,403) (1,114,724) (1,103,035)
Financial Services Segment [Member]        
Revenues 18,597 21,372 36,001 40,407
Pretax income 12,717 14,279 27,268 24,350
Expenses (9,574) (9,611) (18,531) (18,442)
Interest and other income 1,367 1,240 2,631 2,260
Net gain on marketable equity securities $ 2,327 $ 1,278 $ 7,167 $ 125