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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest expense $ (6,329) $ (5,914) $ (12,611) $ (11,750)
Income before taxes 241,586 208,968 432,584 341,129
Income tax expense (38,412) (61,091) (63,361) (90,329)
Net income $ 203,174 $ 147,877 $ 369,223 $ 250,800
Basic earnings per share (USD per share) $ 55.90 $ 39.46 $ 101.03 $ 67.30
Diluted earnings per share (USD per share) $ 49.05 $ 35.19 $ 88.31 $ 60.36
Basic weighted average shares outstanding (in shares) 3,635 3,748 3,655 3,726
Diluted weighted average shares outstanding (in shares) 4,142 4,202 4,181 4,155
Homebuilding [Member]        
Revenues $ 1,750,463 $ 1,512,714 $ 3,240,556 $ 2,760,301
Other income 2,164 1,447 4,141 2,549
Cost of sales (1,416,797) (1,218,083) (2,628,743) (2,244,100)
Selling, general and administrative (106,517) (99,100) (212,064) (199,004)
Operating income 229,313 196,978 403,890 319,746
Interest expense (6,047) (5,641) (12,054) (11,219)
Income before taxes 223,266 191,337 391,836 308,527
Mortgage Banking [Member]        
Mortgage banking fees 36,842 31,778 76,163 61,283
Interest income 2,915 1,554 5,008 3,215
Other income 641 506 1,165 815
General and administrative (21,796) (15,934) (41,031) (32,180)
Interest expense (282) (273) (557) (531)
Income before taxes $ 18,320 $ 17,631 $ 40,748 $ 32,602