XML 47 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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Homebuilding $ 668,238 $ 562,909 $ 1,715,967 $ 1,404,401
Financial services 11,954 13,514 31,297 39,697
TOTAL REVENUES 680,192 576,423 1,747,264 1,444,098
EXPENSES        
Cost of sales 519,893 447,077 1,346,083 1,119,487
Selling, general and administrative 75,032 67,215 204,846 176,820
Financial services 7,386 7,497 30,074 21,733
Interest 0 1,277 0 8,120
TOTAL EXPENSES 602,311 523,066 1,581,003 1,326,160
OTHER INCOME        
Gain from marketable securities, net 421 148 1,254 1,414
Other income 640 481 1,800 1,116
TOTAL OTHER INCOME 1,061 629 3,054 2,530
Income from continuing operations before taxes 78,942 53,986 169,315 120,468
Tax expense (benefit) 30,414 428 65,218 (186,325)
NET INCOME FROM CONTINUING OPERATIONS 48,528 53,558 104,097 306,793
Income from discontinued operations, net of taxes 0 91 0 167
NET INCOME $ 48,528 $ 53,649 $ 104,097 $ 306,960
NET INCOME PER COMMON SHARE        
Basic (in dollars per share) $ 1.04 $ 1.16 $ 2.23 $ 6.67
Diluted (in dollars per share) $ 0.85 $ 0.95 $ 1.84 $ 5.55
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 46,613,492 46,174,767 46,702,982 45,882,932
Diluted (in shares) 58,211,583 57,678,989 58,349,280 55,658,536
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09