Quarterly Results (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (unaudited)

16. Quarterly Results (unaudited)

The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2015 and 2014.

	Year Ended December 31, 2015
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues – homebuilding operations	$	1,528,084	$	1,374,467	$	1,221,111	$	941,538
Gross profit – homebuilding operations	$	289,496	$	262,795	$	234,257	$	159,870
Mortgage banking fees	$	27,191	$	27,884	$	22,522	$	16,211
Net income	$	134,004	$	116,470	$	93,395	$	39,058
Diluted earnings per share	$	31.92	$	27.11	$	21.91	$	9.22
Contracts for sale, net of cancellations (units)		3,100		3,258		3,796		3,926
Settlements (units)		4,010		3,607		3,175		2,534
Backlog, end of period (units)		6,229		7,139		7,488		6,867
Loans closed	$	1,042,440	$	951,872	$	859,403	$	638,627

	Year Ended December 31, 2014
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Revenues – homebuilding operations	$	1,306,632	$	1,185,160	$	1,084,080	$	799,187
Gross profit – homebuilding operations	$	236,031	$	225,105	$	201,302	$	144,035
Mortgage banking fees	$	21,406	$	18,006	$	17,974	$	12,123
Net income	$	99,451	$	90,152	$	68,178	$	23,849
Diluted earnings per share	$	23.24	$	20.70	$	15.17	$	5.16
Contracts for sale, net of cancellations (units)		2,713		2,936		3,415		3,325
Settlements (units)		3,469		3,236		2,943		2,211
Backlog, end of period (units)		5,475		6,231		6,531		6,059
Loans closed	$	881,930	$	803,125	$	675,625	$	472,933