Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018.

	Year Ended December 31, 2019
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Homebuilding data:
Revenues	$	1,946,859	$	1,873,331	$	1,757,448	$	1,643,206
Gross profit	$	379,467	$	355,055	$	332,060	$	304,400
Mortgage Banking data:
Mortgage banking fees	$	43,336	$	37,933	$	42,746	$	43,805
Loans closed	$	1,418,742	$	1,373,946	$	1,231,039	$	1,140,999
Consolidated data:
Net income	$	256,137	$	223,787	$	210,209	$	188,406
Diluted earnings per share	$	64.41	$	56.11	$	53.09	$	47.64
Operating data:
New orders (units)	4,392		4,766		5,239		5,139
Settlements (units)	5,331		5,124		4,720		4,493
Backlog (units)	8,233		9,172		9,530		9,011

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