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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Homebuilding:        
Home sale revenues $ 1,515,167 $ 1,665,030 $ 4,473,480 $ 4,402,896
Land sale revenues 676 5,928 1,176 32,107
Total revenues 1,515,843 1,670,958 4,474,656 4,435,003
Cost of home sales (1,212,468) (1,290,628) (3,572,572) (3,440,549)
Cost of land sales (240) (5,638) (247) (31,217)
Total cost of sales (1,212,708) (1,296,266) (3,572,819) (3,471,766)
Gross margin 303,135 374,692 901,837 963,237
Selling, general and administrative expenses (168,429) (170,815) (498,702) (473,210)
Income (loss) from unconsolidated joint ventures 5,426 1,231 9,760 2,643
Other income (expense) (1,238) (4,169) (4,082) (11,992)
Homebuilding pretax income 138,894 200,939 408,813 480,678
Financial Services:        
Revenues 20,161 21,433 60,394 59,524
Expenses (12,883) (11,626) (36,919) (34,635)
Financial services pretax income 7,278 9,807 23,475 24,889
Income before taxes 146,172 210,746 432,288 505,567
Provision for income taxes (52,820) (78,398) (157,322) (187,798)
Net income 93,352 132,348 274,966 317,769
Less: Net income allocated to unvested restricted stock (400) (294) (1,104) (635)
Net income available to common stockholders $ 92,952 $ 132,054 $ 273,862 $ 317,134
Income Per Common Share:        
Basic (in dollars per share) $ 0.84 $ 1.12 $ 2.43 $ 2.66
Diluted (in dollars per share) $ 0.75 $ 0.97 $ 2.14 $ 2.34
Weighted Average Common Shares Outstanding:        
Basic (in shares) 110,205,460 118,338,891 112,778,362 119,188,145
Diluted (in shares) 124,449,912 136,077,415 129,521,479 136,888,927
Cash Dividends Declared Per Common Share (in dollars per share) $ 0.04 $ 0.04 $ 0.12 $ 0.12