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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest expense $ (5,914) $ (4,814) $ (11,750) $ (9,902)
Income before taxes 208,968 144,720 341,129 248,032
Income tax expense (61,091) (53,044) (90,329) (91,053)
Net income $ 147,877 $ 91,676 $ 250,800 $ 156,979
Basic earnings per share $ 39.46 $ 23.51 $ 67.30 $ 40.34
Diluted earnings per share $ 35.19 $ 22.01 $ 60.36 $ 37.82
Basic weighted average shares outstanding 3,748 3,900 3,726 3,892
Diluted weighted average shares outstanding 4,202 4,165 4,155 4,151
Homebuilding [Member]        
Revenues $ 1,512,714 $ 1,361,741 $ 2,760,301 $ 2,483,245
Other income 1,447 753 2,549 1,520
Cost of sales (1,218,083) (1,126,369) (2,244,100) (2,052,129)
Selling, general and administrative (99,100) (100,043) (199,004) (198,058)
Operating income 196,978 136,082 319,746 234,578
Interest expense (5,641) (4,554) (11,219) (9,396)
Income before taxes 191,337 131,528 308,527 225,182
Mortgage Banking [Member]        
Mortgage banking fees 31,778 26,442 61,283 48,964
Interest income 1,554 1,437 3,215 3,111
Other income 506 409 815 667
General and administrative (15,934) (14,836) (32,180) (29,386)
Interest expense (273) (260) (531) (506)
Income before taxes $ 17,631 $ 13,192 $ 32,602 $ 22,850