XML 90 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Homebuilding $ 477,991 $ 284,593 $ 841,492 $ 494,128
Financial services 15,004 9,176 26,183 15,510
TOTAL REVENUES 492,995 293,769 867,675 509,638
EXPENSES        
Cost of sales 380,074 231,130 672,410 403,820
Selling, general and administrative 58,744 46,507 108,970 83,895
Financial services 7,378 6,232 14,236 11,921
Interest 3,081 4,180 6,843 7,749
TOTAL EXPENSES 449,277 288,049 802,459 507,385
OTHER INCOME        
Gain from marketable securities, net 561 519 1,266 965
TOTAL OTHER INCOME 561 519 1,266 965
Income from continuing operations before taxes 44,279 6,239 66,482 3,218
Tax (benefit) expense (186,952) 190 (186,753) 190
NET INCOME FROM CONTINUING OPERATIONS 231,231 6,049 253,235 3,028
(Loss) income from discontinued operations, net of taxes (37) 223 76 (1,864)
NET INCOME $ 231,194 $ 6,272 $ 253,311 $ 1,164
Basic        
Continuing operations (in dollars per share) $ 5.01 $ 0.14 $ 5.52 $ 0.07
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.04)
Total (in dollars per share) $ 5.01 $ 0.14 $ 5.52 $ 0.03
Diluted        
Continuing operations (in dollars per share) $ 4.16 $ 0.14 $ 4.66 $ 0.07
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ (0.04)
Total (in dollars per share) $ 4.16 $ 0.14 $ 4.66 $ 0.03
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 46,035,775 44,627,548 45,736,648 44,551,441
Diluted (in shares) 55,690,331 48,394,665 54,569,842 44,938,772
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06