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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Homebuilding:        
Home sale revenues $ 591,706 $ 434,308 $ 1,038,624 $ 789,434
Land sale revenues 780 4,373 14,061 6,968
Total revenues 592,486 438,681 1,052,685 796,402
Cost of home sales (434,196) (331,503) (762,441) (612,115)
Cost of land sales (350) (4,416) (13,354) (6,999)
Total cost of sales (434,546) (335,919) (775,795) (619,114)
Gross margin 157,940 102,762 276,890 177,288
Selling, general and administrative expenses (67,835) (54,598) (126,425) (100,892)
Income (loss) from unconsolidated joint ventures (462) 147 (899) 1,281
Other income (expense (363) (1,247) (376) 2,323
Homebuilding pretax income 89,280 47,064 149,190 80,000
Financial Services:        
Revenues 6,112 7,411 11,096 13,088
Expenses (3,760) (3,482) (7,200) (6,804)
Other income 214 151 375 253
Financial services pretax income 2,566 4,080 4,271 6,537
Income before taxes 91,846 51,144 153,461 86,537
Provision for income taxes (35,383) (8,008) (58,839) (21,577)
Net income 56,463 43,136 94,622 64,960
Less: Net income allocated to preferred shareholder (13,496) (14,293) (22,650) (23,991)
Less: Net income allocated to unvested restricted stock (77) (66) (134) (82)
Net income available to common stockholders $ 42,890 $ 28,777 $ 71,838 $ 40,887
Income Per Common Share:        
Basic (in Dollars per share) $ 0.15 $ 0.12 $ 0.26 $ 0.18
Diluted (in Dollars per share) $ 0.14 $ 0.11 $ 0.23 $ 0.16
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 279,075,416 243,171,726 278,514,992 228,749,443
Diluted (in Shares) 316,727,592 281,708,696 316,451,929 267,274,060
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 87,812,786 120,779,819 87,812,786 134,221,626
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares) 404,540,378 402,488,515 404,264,715 401,495,686