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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Mortgage banking fees$ 10,496$ 14,234$ 35,474$ 44,599
Income before taxes68,94264,890157,131235,880
Income tax expense(25,533)(20,946)(60,103)(88,573)
Net income43,40943,94497,028147,307
Basic earnings per share$ 8.19$ 7.65$ 17.22$ 24.64
Diluted earnings per share$ 7.98$ 7.31$ 16.75$ 23.49
Basic average shares outstanding5,3015,7485,6345,978
Diluted average shares outstanding5,4376,0115,7926,271
Homebuilding
    
Revenues696,980661,9351,882,3872,186,288
Other income8423,2983,6627,777
Cost of sales(572,382)(540,783)(1,548,903)(1,783,327)
Selling, general and administrative(60,462)(65,534)(195,695)(195,412)
Operating income64,97858,916141,451215,326
Interest expense(293)(497)(802)(4,565)
Income before taxes64,68558,419140,649210,761
Mortgage Banking
    
Mortgage banking fees10,49614,23435,47444,599
Interest income1,5891,5553,7893,803
Other income151166311565
General and administrative(7,796)(9,203)(22,371)(23,007)
Interest expense(183)(281)(721)(841)
Income before taxes$ 4,257$ 6,471$ 16,482$ 25,119