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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues $ 1,800,194 $ 1,787,305 $ 3,487,205 $ 3,316,719
Interest expense (6,301) (6,329) (12,516) (12,611)
Income before taxes 244,712 241,586 463,319 432,584
Income tax expense (34,503) (38,412) (64,704) (63,361)
Net income $ 210,209 $ 203,174 $ 398,615 $ 369,223
Basic earnings per share (USD per share) $ 58.20 $ 55.90 $ 110.43 $ 101.03
Diluted earnings per share (USD per share) $ 53.09 $ 49.05 $ 100.61 $ 88.31
Basic weighted average shares outstanding (in shares) 3,612 3,635 3,610 3,655
Diluted weighted average shares outstanding (in shares) 3,959 4,142 3,962 4,181
Home Building [Member]        
Revenues $ 1,757,448 $ 1,750,463 $ 3,400,654 $ 3,240,556
Other income 5,833 2,164 11,570 4,141
Cost of Goods and Services Sold 1,425,388 1,416,797 2,764,194 2,628,743
Selling, general and administrative (112,210) (106,517) (227,944) (212,064)
Operating income 225,683 229,313 420,086 403,890
Interest expense (6,033) (6,047) (12,026) (12,054)
Income before taxes 219,650 223,266 408,060 391,836
Mortgage Banking [Member]        
Revenues 42,746 36,842 86,551 76,163
Interest income 2,737 2,915 5,570 5,008
Other income 681 641 1,220 1,165
General and administrative (20,834) (21,796) (37,592) (41,031)
Interest expense (268) (282) (490) (557)
Income before taxes $ 25,062 $ 18,320 $ 55,259 $ 40,748