Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (unaudited)

Quarterly Results (unaudited)

The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2017 and 2016.

	Year Ended December 31, 2017
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues – homebuilding operations	$	1,781,494	$	1,633,726	$	1,512,714	$	1,247,587
Gross profit – homebuilding operations	$	343,187	$	325,755	$	294,631	$	221,570
Mortgage banking fees	$	34,842	$	34,194	$	31,778	$	29,505
Net income	$	124,619	$	162,102	$	147,877	$	102,923
Diluted earnings per share	$	28.88	$	38.02	$	35.19	$	25.12
New orders (units)	4,306		4,200		4,678		4,424
Settlements (units)	4,630		4,158		3,917		3,256
Backlog, end of period (units)	8,531		8,855		8,813		8,052
Loans closed	$	1,229,695	$	1,115,494	$	1,041,613	$	843,341

	Year Ended December 31, 2016
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues – homebuilding operations	$	1,718,527	$	1,507,451	$	1,361,741	$	1,121,504
Gross profit – homebuilding operations	$	305,087	$	265,159	$	235,372	$	195,744
Mortgage banking fees	$	34,239	$	30,118	$	26,442	$	22,522
Net income	$	150,891	$	117,392	$	91,676	$	65,303
Diluted earnings per share	$	37.80	$	28.46	$	22.01	$	15.79
New orders (units)	3,645		3,477		4,324		4,137
Settlements (units)	4,419		3,922		3,581		3,006
Backlog, end of period (units)	6,884		7,658		8,103		7,360
Loans closed	$	1,201,164	$	1,055,163	$	942,407	$	753,840