Condensed Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenues | ||||
| Home sales revenues | $ 248,075 | $ 179,775 | $ 686,335 | $ 520,918 |
| Land sales revenues | 4,651 | 2,257 | 7,909 | 2,627 |
| Golf course and other revenue | 687 | 700 | 2,907 | 4,679 |
| Total revenue | 253,413 | 182,732 | 697,151 | 528,224 |
| Costs and expenses | ||||
| Cost of home sales revenues | 197,650 | 141,452 | 549,886 | 416,483 |
| Cost of land sales revenues | 4,255 | 2,250 | 6,668 | 2,615 |
| Cost of golf course and other revenue | 1,165 | 1,046 | 2,765 | 4,214 |
| Selling, general, and administrative | 30,944 | 22,175 | 87,512 | 65,919 |
| Total operating costs and expenses | 234,014 | 166,923 | 646,831 | 489,231 |
| Operating income (loss) | 19,399 | 15,809 | 50,320 | 38,993 |
| Other income (expense): | ||||
| Interest income | 61 | 51 | 142 | 88 |
| Interest expense | (2) | (4) | (8) | |
| Acquisition expense | (53) | (323) | (466) | (338) |
| Other income | 179 | 434 | 797 | 1,059 |
| Gain (loss) on disposition of assets | 145 | (24) | 468 | 106 |
| Income before income tax expense | 19,731 | 15,945 | 51,257 | 39,900 |
| Income tax expense | 6,389 | 5,362 | 16,790 | 13,168 |
| Net income | $ 13,342 | $ 10,583 | $ 34,467 | $ 26,732 |
| Earnings per share: | ||||
| Basic | $ 0.63 | $ 0.50 | $ 1.63 | $ 1.26 |
| Diluted | $ 0.63 | $ 0.50 | $ 1.62 | $ 1.26 |
| Weighted average common shares outstanding: | ||||
| Basic | 20,673,521 | 20,601,218 | 20,643,682 | 20,556,146 |
| Diluted | 20,822,066 | 20,601,218 | 20,731,930 | 20,556,146 |