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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Inventory impairments $ 0 $ (610)
Gross profit 138,438 122,116
Pretax income 48,562 55,606
Provision for income taxes (11,802) (15,056)
Net income 36,760 40,550
Comprehensive income $ 36,760 $ 40,550
Earnings per share:    
Basic (in dollars per share) $ 0.58 $ 0.66
Diluted (in dollars per share) $ 0.56 $ 0.64
Weighted average common shares outstanding:    
Basic (in shares) 62,491,238 60,939,364
Diluted (in shares) 64,931,225 62,708,334
Dividends declared per share (in dollars per share) $ 0.33 $ 0.30
Homebuilding Segment [Member]    
Revenues $ 697,085 $ 647,278
Cost of sales (558,647) (525,162)
Inventory impairments 0 (610)
Selling, general and administrative expenses (89,321) (82,261)
Interest and other income 1,889 2,391
Other expense (1,337) (1,191)
Pretax income 49,669 41,055
Other income (expense), net (1,337) (1,191)
Homebuilding Segment [Member] | Home Building [Member]    
Revenues 697,085 647,278
Cost of sales (558,647) (524,552)
Financial Services Segment [Member]    
Revenues 21,886 17,404
Pretax income (1,107) 14,551
Expenses (10,929) (8,957)
Other income (expense), net $ (12,064) $ 6,104