Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017.

	Year Ended December 31, 2018
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues – homebuilding operations	$	1,954,403	$	1,809,345	$	1,750,463	$	1,490,093
Gross profit – homebuilding operations	$	363,668	$	336,696	$	333,666	$	278,147
Mortgage banking fees	$	40,145	$	43,062	$	36,842	$	39,321
Net income	$	232,158	$	195,816	$	203,174	$	166,049
Diluted earnings per share	$	58.57	$	48.28	$	49.05	$	39.34
New orders (units)	3,841		4,302		4,964		5,174
Settlements (units)	5,186		4,754		4,611		3,896
Backlog, end of period (units)	8,365		9,710		10,162		9,809
Loans closed	$	1,356,430	$	1,249,199	$	1,214,101	$	1,009,673

	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