Quarter

First

Second

Third

Fourth

(Dollars in thousands, except per share amounts)

2019

Total revenue

$

664,682

$

751,441

$

772,662

$

1,104,468

Home sales revenue

$

647,278

$

732,844

$

750,274

$

1,074,852

Asset impairments

$

(610

)

$

-

$

-

$

(325

)

Gross margin from home sales (including impairments)

18.9

%

19.5

%

18.8

%

18.5

%

Homebuilding selling, general and administrative expenses

$

82,261

$

82,712

$

92,716

$

105,101

Income before income taxes

$

55,606

$

74,331

$

62,806

$

112,246

Net income

$

40,550

$

54,593

$

50,580

$

92,589

Earnings per share:

Basic

$

0.66

$

0.88

$

0.81

$

1.48

Diluted

$

0.64

$

0.86

$

0.79

$

1.42

2018

Total revenue

$

626,723

$

770,980

$

785,638

$

881,875

Home sales revenue

$

607,688

$

749,608

$

766,027

$

858,488

Asset impairments

$

(550

)

$

(200

)

$

(11,098

)

$

(10,002

)

Gross margin from home sales (including impairments)

18.2

%

19.1

%

17.7

%

18.1

%

Homebuilding selling, general and administrative expenses

$

71,341

$

81,571

$

83,523

$

93,366

Income before income taxes

$

50,532

$

76,616

$

67,420

$

69,286

Net income

$

38,764

$

63,899

$

53,392

$

54,725

Earnings per share:

Basic

$

0.64

$

1.05

$

0.87

$

0.90

Diluted

$

0.63

$

1.03

$

0.86

$

0.88