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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Mortgage banking fees $ 7,163,674 $ 6,305,840 $ 5,822,544
Interest expense (25,081) (24,185) (21,707)
Income before taxes 959,732 846,911 661,697
Income tax expense (162,535) (309,390) (236,435)
Net income $ 797,197 $ 537,521 $ 425,262
Basic earnings per share (USD per share) $ 219.58 $ 144.00 $ 110.53
Diluted earnings per share (USD per share) $ 194.80 $ 126.77 $ 103.61
Basic weighted average shares outstanding (in Shares) 3,631 3,733 3,847
Diluted weighted average shares outstanding (in Shares) 4,092 4,240 4,104
Homebuilding:      
Mortgage banking fees $ 7,004,304 $ 6,175,521 $ 5,709,223
Other income 11,839 6,536 2,820
Cost of sales (5,692,127) (4,990,378) (4,707,861)
Selling, general and administrative (428,874) (392,272) (382,459)
Operating income 895,142 799,407 621,723
Interest expense (24,036) (23,037) (20,621)
Income before taxes 871,106 776,370 601,102
Mortgage Banking:      
Mortgage banking fees 159,370 130,319 113,321
Interest income 11,593 7,850 7,569
Other income 2,546 2,048 1,652
General and administrative (83,838) (68,528) (60,861)
Interest expense (1,045) (1,148) (1,086)
Income before taxes $ 88,626 $ 70,541 $ 60,595