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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues $ 1,620,368 $ 1,800,194 $ 3,202,896 $ 3,487,205
Interest expense (9,525) (6,301) (16,011) (12,516)
Income before taxes 209,831 244,712 371,206 463,319
Income tax expense (45,756) (34,503) (31,428) (64,704)
Net income $ 164,075 $ 210,209 $ 339,778 $ 398,615
Basic earnings per share (USD per share) $ 44.56 $ 58.20 $ 92.52 $ 110.43
Diluted earnings per share (USD per share) $ 42.50 $ 53.09 $ 87.56 $ 100.61
Basic weighted average shares outstanding (in shares) 3,682 3,612 3,673 3,610
Diluted weighted average shares outstanding (in shares) 3,861 3,959 3,881 3,962
Home Building [Member]        
Revenues $ 1,588,758 $ 1,757,448 $ 3,144,465 $ 3,400,654
Other income 2,408 5,833 7,744 11,570
Cost of Goods and Services Sold 1,284,493 1,425,388 2,579,236 2,764,194
Selling, general and administrative (102,702) (112,210) (212,869) (227,944)
Operating income 203,971 225,683 360,104 420,086
Interest expense (9,166) (6,033) (15,380) (12,026)
Income before taxes 194,805 219,650 344,724 408,060
Mortgage Banking [Member]        
Revenues 31,610 42,746 58,431 86,551
Interest income 1,854 2,737 4,323 5,570
Other income 679 681 1,328 1,220
General and administrative (18,758) (20,834) (36,969) (37,592)
Interest expense (359) (268) (631) (490)
Income before taxes $ 15,026 $ 25,062 $ 26,482 $ 55,259