XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest expense $ (5,723) $ (5,374) $ (11,517) $ (10,940)
Income before taxes 108,824 80,181 158,531 135,286
Income tax expense (40,646) (29,491) (66,504) (49,555)
Net income 68,178 50,690 92,027 85,731
Basic earnings per share $ 15.68 $ 10.37 $ 20.88 $ 17.38
Diluted earnings per share $ 15.17 $ 10.11 $ 20.19 $ 16.92
Basic weighted average shares outstanding 4,349 4,889 4,408 4,934
Diluted weighted average shares outstanding 4,495 5,013 4,557 5,067
Homebuilding [Member]
       
Revenues 1,084,080 992,210 1,883,267 1,743,078
Other income 452 1,098 1,449 2,124
Cost of sales (882,778) (834,288) (1,537,930) (1,458,373)
Selling, general and administrative (93,583) (82,120) (184,215) (160,533)
Operating income 108,171 76,900 162,571 126,296
Interest expense (5,593) (5,237) (11,277) (10,689)
Income before taxes 102,578 71,663 151,294 115,607
Mortgage Banking [Member]
       
Mortgage banking fees 17,974 17,682 30,097 37,070
Interest income 825 1,047 2,009 2,002
Other income 194 178 253 291
General and administrative (12,617) (10,252) (24,882) (19,433)
Interest expense (130) (137) (240) (251)
Income before taxes $ 6,246 $ 8,518 $ 7,237 $ 19,679