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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Homebuilding:    
Home sale revenues $ 1,179,165 $ 468,379
Land sale revenues 6,518 1,899
Total revenues 1,185,683 470,278
Cost of home sales (932,128) (354,817)
Cost of land sales (6,367) (1,356)
Total cost of sales (938,495) (356,173)
Gross margin 247,188 114,105
Selling, general and administrative expenses (136,701) (66,070)
Income (loss) from unconsolidated joint ventures 1,189 (451)
Other income (expense) (3,408) (296)
Homebuilding pretax income 108,268 47,288
Financial Services:    
Revenues 17,552 5,393
Expenses (10,616) (4,185)
Financial services pretax income 6,936 1,208
Income before taxes 115,204 48,496
Provision for income taxes (42,543) (16,891)
Net income $ 72,661 31,605
Less: Net income allocated to preferred shareholder (7,662)
Less: Net income allocated to unvested restricted stock $ (113) (67)
Net income available to common stockholders $ 72,548 $ 23,876
Income Per Common Share:    
Basic (in dollars per share) $ 0.60 $ 0.44
Diluted (in dollars per share) $ 0.52 $ 0.40
Weighted Average Common Shares Outstanding:    
Basic (in shares) 120,814,939 54,727,121
Diluted (in shares) 138,430,580 62,078,364
Weighted average additional common shares outstanding if preferred shares converted to common shares (in shares) 17,562,557
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in shares) 138,430,580 79,640,921
Cash Dividends Per Common Share (in dollars per share) $ 0.04