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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues $ 1,990,012 $ 1,911,264 $ 5,192,908 $ 5,398,469
Interest expense (11,687) (6,293) (27,698) (18,809)
Income before taxes 321,457 267,174 692,663 730,493
Income tax expense (64,991) (43,387) (96,419) (108,091)
Net income $ 256,466 $ 223,787 $ 596,244 $ 622,402
Basic earnings per share (USD per share) $ 69.19 $ 60.94 $ 161.85 $ 171.43
Diluted earnings per share (USD per share) $ 65.11 $ 56.11 $ 153.03 $ 156.61
Basic weighted average shares outstanding (in shares) 3,706 3,672 3,684 3,631
Diluted weighted average shares outstanding (in shares) 3,939 3,988 3,896 3,974
Home Building [Member]        
Revenues $ 1,920,751 $ 1,873,331 $ 5,065,216 $ 5,273,985
Other income 1,988 6,696 9,732 18,266
Cost of Goods and Services Sold 1,536,044 1,518,276 4,115,280 4,282,470
Selling, general and administrative (105,741) (109,969) (318,610) (337,913)
Operating income 280,954 251,782 641,058 671,868
Interest expense (11,309) (6,008) (26,689) (18,034)
Income before taxes 269,645 245,774 614,369 653,834
Mortgage Banking [Member]        
Revenues 69,261 37,933 127,692 124,484
Interest income 2,222 3,340 6,545 8,910
Other income 887 819 2,215 2,039
General and administrative (20,180) (20,407) (57,149) (57,999)
Interest expense (378) (285) (1,009) (775)
Income before taxes $ 51,812 $ 21,400 $ 78,294 $ 76,659