| Schedule of Quarterly Financial Information [Table Text Block] |
The table below provides summary income statement data for each quarter of fiscal 2020 and 2019 (amounts in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | October 31 | | July 31 | | April 30 | | January 31 | | Fiscal 2020: | | | | | | | | | Revenue: | | | | | | | | | Home sales | $ | 2,495,974 | | | $ | 1,627,812 | | | $ | 1,516,234 | | | $ | 1,297,337 | | | Land sales and other | $ | 49,693 | | | $ | 23,677 | | | $ | 32,838 | | | $ | 34,094 | | | Gross profit: | | | | | | | | | Home sales (a) | $ | 502,079 | | | $ | 341,704 | | | $ | 295,256 | | | $ | 264,215 | | | Land sales and other | $ | 4,798 | | | $ | 1,418 | | | $ | 6,420 | | | $ | 1,812 | | | Income before income taxes | $ | 266,991 | | | $ | 151,865 | | | $ | 102,113 | | | $ | 65,932 | | | Net income | $ | 199,317 | | | $ | 114,761 | | | $ | 75,670 | | | $ | 56,876 | | | Earnings per share (b) | | | | | | | | | Basic | $ | 1.57 | | | $ | 0.91 | | | $ | 0.59 | | | $ | 0.41 | | | Diluted | $ | 1.55 | | | $ | 0.90 | | | $ | 0.59 | | | $ | 0.41 | | | Weighted-average number of shares | | | | | | | | | Basic | 127,310 | | | 126,722 | | | 128,205 | | | 138,145 | | | Diluted | 128,892 | | | 127,399 | | | 128,809 | | | 139,889 | | | | | | | | | | | Fiscal 2019: | | | | | | | | | Revenue: | | | | | | | | | Home sales | $ | 2,292,044 | | | $ | 1,756,970 | | | $ | 1,712,057 | | | $ | 1,319,308 | | | Land sales and other | $ | 86,956 | | | $ | 8,721 | | | $ | 4,037 | | | $ | 43,873 | | | Gross profit | | | | | | | | | Home sales (a) | $ | 478,262 | | | $ | 391,653 | | | $ | 373,183 | | | $ | 303,064 | | | Land sales and other | $ | 658 | | | $ | 2,489 | | | $ | 1,116 | | | $ | 9,620 | | | Income before income taxes | $ | 272,649 | | | $ | 186,916 | | | $ | 176,159 | | | $ | 151,446 | | | Net income | $ | 202,315 | | | $ | 146,318 | | | $ | 129,324 | | | $ | 112,050 | | | Earnings per share (b) | | | | | | | | | Basic | $ | 1.43 | | | $ | 1.01 | | | $ | 0.88 | | | $ | 0.76 | | | Diluted | $ | 1.41 | | | $ | 1.00 | | | $ | 0.87 | | | $ | 0.76 | | | Weighted-average number of shares | | | | | | | | | Basic | 141,909 | | | 144,750 | | | 146,622 | | | 146,751 | | | Diluted | 143,567 | | | 146,275 | | | 148,129 | | | 148,032 | |
(a)Effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense. Prior periods have been reclassified to conform to the 2020 presentation. (b)Due to rounding, the sum of the quarterly earnings per share amounts may not equal the reported earnings per share for the year.
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