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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Mortgage banking fees $ 7,536,923 $ 7,388,664 $ 7,163,674
Interest expense (40,872) (25,380) (25,081)
Profit before taxes 1,078,033 1,025,795 959,732
Income tax expense (176,785) (147,256) (162,535)
Net income $ 901,248 $ 878,539 $ 797,197
Basic earnings per share (USD per share) $ 244.11 $ 241.31 $ 219.58
Diluted earnings per share (USD per share) $ 230.11 $ 221.13 $ 194.80
Basic weighted average shares outstanding (in Shares) 3,692 3,641 3,631
Diluted weighted average shares outstanding (in Shares) 3,917 3,973 4,092
Home Building      
Mortgage banking fees $ 7,328,889 $ 7,220,844 $ 7,004,304
Other income 16,938 24,779 11,839
Cost of sales (5,937,401) (5,849,862) (5,692,127)
Selling, general and administrative (431,008) (447,547) (428,874)
Interest expense (39,458) (24,335) (24,036)
Profit before taxes 937,960 923,879 871,106
Operating income 977,418 948,214 895,142
Mortgage Banking      
Mortgage banking fees 208,034 167,820 159,370
Interest income 8,930 12,142 11,593
Other income 3,249 2,857 2,546
General and administrative (78,726) (79,858) (83,838)
Interest expense (1,414) (1,045) (1,045)
Profit before taxes $ 140,073 $ 101,916 $ 88,626