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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Homebuilding:        
Home sale revenues $ 1,620,614 $ 1,558,701 $ 2,958,313 $ 2,737,866
Land sale revenues 500 19,661 500 26,179
Total revenues 1,621,114 1,578,362 2,958,813 2,764,045
Cost of home sales (1,297,249) (1,217,793) (2,360,104) (2,149,921)
Cost of land sales (7) (19,212) (7) (25,579)
Total cost of sales (1,297,256) (1,237,005) (2,360,111) (2,175,500)
Gross margin 323,858 341,357 598,702 588,545
Selling, general and administrative expenses (173,997) (165,694) (330,273) (302,395)
Income (loss) from unconsolidated joint ventures 446 223 4,334 1,412
Other income (expense) (2,675) (4,415) (2,844) (7,823)
Homebuilding pretax income 147,632 171,471 269,919 279,739
Financial Services:        
Revenues 20,277 20,539 40,233 38,091
Expenses (11,661) (12,393) (24,036) (23,009)
Financial services pretax income 8,616 8,146 16,197 15,082
Income before taxes 156,248 179,617 286,116 294,821
Provision for income taxes (57,254) (66,857) (104,502) (109,400)
Net income 98,994 112,760 181,614 185,421
Less: Net income allocated to unvested restricted stock (408) (251) (705) (350)
Net income available to common stockholders $ 98,586 $ 112,509 $ 180,909 $ 185,071
Income Per Common Share:        
Basic (in dollars per share) $ 0.87 $ 0.95 $ 1.59 $ 1.55
Diluted (in dollars per share) $ 0.75 $ 0.83 $ 1.38 $ 1.36
Weighted Average Common Shares Outstanding:        
Basic (in shares) 113,689,435 118,419,937 114,086,136 119,617,438
Diluted (in shares) 131,636,412 136,088,146 132,079,976 137,277,899
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.04 $ 0.04 $ 0.08 $ 0.08