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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Homebuilding:        
Home sale revenues $ 1,558,701 $ 694,678 $ 2,737,866 $ 1,163,057
Land sale revenues 19,661 4,954 26,179 6,853
Total revenues 1,578,362 699,632 2,764,045 1,169,910
Cost of home sales (1,217,793) (523,933) (2,149,921) (878,750)
Cost of land sales (19,212) (3,758) (25,579) (5,114)
Total cost of sales (1,237,005) (527,691) (2,175,500) (883,864)
Gross margin 341,357 171,941 588,545 286,046
Selling, general and administrative expenses (165,694) (79,910) (302,395) (145,980)
Income (loss) from unconsolidated joint ventures 223 (51) 1,412 (502)
Other income (expense) (4,415) (5,276) (7,823) (5,572)
Homebuilding pretax income 171,471 86,704 279,739 133,992
Financial Services:        
Revenues 20,539 7,411 38,091 12,804
Expenses (12,393) (4,593) (23,009) (8,778)
Financial services pretax income 8,146 2,818 15,082 4,026
Income before taxes 179,617 89,522 294,821 138,018
Provision for income taxes (66,857) (32,324) (109,400) (49,215)
Net income 112,760 57,198 185,421 88,803
Less: Net income allocated to preferred shareholder (13,798) (21,475)
Less: Net income allocated to unvested restricted stock (251) (112) (350) (181)
Net income available to common stockholders $ 112,509 $ 43,288 $ 185,071 $ 67,147
Income Per Common Share:        
Basic (in dollars per share) $ 0.95 $ 0.79 $ 1.55 $ 1.22
Diluted (in dollars per share) $ 0.83 $ 0.72 $ 1.36 $ 1.12
Weighted Average Common Shares Outstanding:        
Basic (in shares) 118,419,937 55,099,690 119,617,438 54,914,435
Diluted (in shares) 136,088,146 62,110,779 137,277,899 62,081,531
Weighted average additional common shares outstanding if preferred shares converted to common shares (in shares) 17,562,557 17,562,557
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in shares) 136,088,146 79,673,336 137,277,899 79,644,088
Cash Dividends Per Common Share (in dollars per share) $ 0.04 $ 0.08