Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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Revenue | $ 476,423 | $ 442,464 | $ 1,340,269 | $ 1,168,081 |
Costs and Expenses [Abstract] | ||||
Land and housing | 374,673 | 363,635 | 1,062,552 | 943,515 |
General and administrative | 31,337 | 29,160 | 89,209 | 78,249 |
Selling | 31,136 | 27,663 | 88,666 | 75,462 |
Equity in income of joint venture arrangements | (71) | (24) | (198) | (413) |
Interest | 4,675 | 3,587 | 13,847 | 13,160 |
Total costs and expenses | 441,750 | 424,021 | 1,254,076 | 1,109,973 |
Income before income taxes | 34,673 | 18,443 | 86,193 | 58,108 |
Provision for income taxes | 12,346 | 7,501 | 29,994 | 22,061 |
Net income | 22,327 | 10,942 | 56,199 | 36,047 |
Preferred Dividends | 1,218 | 1,218 | 3,656 | 3,656 |
Excess of fair value over book value of preferred shares redeemed | 2,257 | 0 | 2,257 | 0 |
Net income to common shareholders | $ 18,852 | $ 9,724 | $ 50,286 | $ 32,391 |
Earnings per common share: | ||||
Basic | $ 0.74 | $ 0.39 | $ 2.00 | $ 1.31 |
Diluted | $ 0.64 | $ 0.35 | $ 1.73 | $ 1.17 |
Weighted Average Number of Shares Outstanding [Abstract] | ||||
Basic | 25,581 | 24,669 | 25,106 | 24,665 |
Diluted | 30,675 | 30,139 | 30,539 | 30,093 |
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- Definition The aggregate costs related to design, development, and general contracting for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing, as well as the aggregate costs of real estate land sales. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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