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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Homebuilding:        
Home sale revenues $ 694,678 $ 591,706 $ 1,163,057 $ 1,038,624
Land sale revenues 4,954 780 6,853 14,061
Total revenues 699,632 592,486 1,169,910 1,052,685
Cost of home sales (523,933) (434,196) (878,750) (762,441)
Cost of land sales (3,758) (350) (5,114) (13,354)
Total cost of sales (527,691) (434,546) (883,864) (775,795)
Gross margin 171,941 157,940 286,046 276,890
Selling, general and administrative expenses (79,910) (67,835) (145,980) (126,425)
Income (loss) from unconsolidated joint ventures (51) (462) (502) (899)
Other income (expense) (5,276) (363) (5,572) (376)
Homebuilding pretax income 86,704 89,280 133,992 149,190
Financial Services:        
Revenues 6,716 6,112 11,635 11,096
Expenses (4,446) (3,760) (8,547) (7,200)
Other income 548 214 938 375
Financial services pretax income 2,818 2,566 4,026 4,271
Income before taxes 89,522 91,846 138,018 153,461
Provision for income taxes (32,324) (35,383) (49,215) (58,839)
Net income 57,198 56,463 88,803 94,622
Less: Net income allocated to preferred shareholder (13,798) (13,496) (21,475) (22,650)
Less: Net income allocated to unvested restricted stock (112) (77) (181) (134)
Net income available to common stockholders $ 43,288 $ 42,890 $ 67,147 $ 71,838
Income Per Common Share:        
Basic (in Dollars per share) $ 0.16 $ 0.15 $ 0.24 $ 0.26
Diluted (in Dollars per share) $ 0.14 $ 0.14 $ 0.22 $ 0.23
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 275,498,449 279,075,416 274,572,173 278,514,992
Diluted (in Shares) 310,553,895 316,727,592 310,407,657 316,451,929
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 87,812,786 87,812,786 87,812,786 87,812,786
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares) 398,366,681 404,540,378 398,220,443 404,264,715