XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mortgage banking fees $ 14,297 $ 11,760
Income before taxes 30,958 24,835
Income tax expense (10,835) (9,661)
Net income 20,123 15,174
Basic earnings per share $ 3.99 $ 2.61
Diluted earnings per share $ 3.90 $ 2.52
Basic weighted average shares outstanding 5,044 5,823
Diluted weighted average shares outstanding 5,159 6,020
Homebuilding:
   
Revenues 586,195 502,744
Other income 908 1,458
Cost of sales (491,829) (417,920)
Selling, general and administrative (72,176) (67,188)
Operating income 23,098 19,094
Interest expense (116) (222)
Income before taxes 22,982 18,872
Mortgage Banking:
   
Mortgage banking fees 14,297 11,760
Interest income 1,665 1,115
Other income 76 39
General and administrative (7,913) (6,677)
Interest expense (149) (274)
Income before taxes $ 7,976 $ 5,963