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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Mortgage banking fees $ 47,954 $ 61,134 $ 60,381
Interest expense (1,892) (6,029) (11,380)
Income before taxes 207,576 322,393 298,414
Income tax expense (78,156) (116,388) (106,234)
Net income 129,420 206,005 192,180
Basic earnings per share $ 23.66 $ 34.96 $ 33.10
Diluted earnings per share $ 23.01 $ 33.42 $ 31.26
Basic weighted average shares outstanding 5,469 5,893 5,807
Diluted weighted average shares outstanding 5,624 6,165 6,149
Homebuilding:
     
Revenues 2,611,195 2,980,758 2,683,467
Other income 4,301 9,299 8,697
Cost of sales (2,165,625) (2,438,292) (2,185,733)
Selling, general and administrative (264,266) (257,394) (233,152)
Operating income 185,605 294,371 273,279
Interest expense (1,017) (4,903) (10,196)
Income before taxes 184,588 289,468 263,083
Mortgage Banking:
     
Mortgage banking fees 47,954 61,134 60,381
Interest income 5,702 5,411 2,979
Other income 456 767 629
General and administrative (30,249) (33,261) (27,474)
Interest expense (875) (1,126) (1,184)
Income before taxes $ 22,988 $ 32,925 $ 35,331