XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest expense $ (5,624) $ (6,081) $ (15,526) $ (17,955)
Income before taxes 185,003 184,996 433,035 396,043
Income tax expense (67,611) (68,526) (158,664) (147,120)
Net income $ 117,392 $ 116,470 $ 274,371 $ 248,923
Basic earnings per share $ 30.43 $ 28.75 $ 70.70 $ 61.34
Diluted earnings per share $ 28.46 $ 27.11 $ 66.24 $ 58.32
Basic weighted average shares outstanding 3,858 4,050 3,881 4,058
Diluted weighted average shares outstanding 4,125 4,296 4,142 4,268
Homebuilding [Member]        
Revenues $ 1,507,451 $ 1,374,467 $ 3,990,696 $ 3,537,116
Other income 703 643 2,223 2,490
Cost of sales (1,242,292) (1,111,672) (3,294,421) (2,880,194)
Selling, general and administrative (92,867) (88,664) (290,925) (279,207)
Operating income 172,995 174,774 407,573 380,205
Interest expense (5,338) (5,900) (14,734) (17,499)
Income before taxes 167,657 168,874 392,839 362,706
Mortgage Banking [Member]        
Mortgage banking fees 30,118 27,884 79,082 66,617
Interest income 2,000 1,972 5,111 4,353
Other income 473 363 1,140 711
General and administrative (14,959) (13,916) (44,345) (37,888)
Interest expense (286) (181) (792) (456)
Income before taxes $ 17,346 $ 16,122 $ 40,196 $ 33,337