Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Homebuilding | ||||
| Home sale revenues | $ 1,751,882 | $ 1,243,077 | $ 3,146,125 | $ 2,331,235 |
| Land sale revenues | 4,950 | 6,460 | 7,437 | 24,002 |
| Total homebuilding revenues | 1,756,832 | 1,249,537 | 3,153,562 | 2,355,237 |
| Financial Services | 43,082 | 30,754 | 78,930 | 58,352 |
| Consolidated revenues | 1,799,914 | 1,280,291 | 3,232,492 | 2,413,589 |
| Homebuilding Cost of Revenues: | ||||
| Home sale cost of revenues | 1,374,509 | 953,280 | 2,463,838 | 1,794,425 |
| Land sale cost of revenues | 4,403 | 5,312 | 6,430 | 18,691 |
| Total cost of revenues | 1,378,912 | 958,592 | 2,470,268 | 1,813,116 |
| Financial Services expenses | 26,180 | 20,767 | 52,298 | 43,308 |
| Selling, general, and administrative expenses | 192,333 | 130,119 | 383,348 | 291,431 |
| Other expense (income), net | 12,909 | 3,186 | 18,785 | 2,303 |
| Income before income taxes | 189,580 | 167,627 | 307,793 | 263,431 |
| Income tax expense | 71,820 | 64,303 | 106,733 | 105,136 |
| Net income | $ 117,760 | $ 103,324 | $ 201,060 | $ 158,295 |
| Per share: | ||||
| Basic earnings (usd per share) | $ 0.34 | $ 0.28 | $ 0.58 | $ 0.43 |
| Diluted earnings (usd per share) | 0.34 | 0.28 | 0.57 | 0.43 |
| Cash dividends declared (usd per share) | $ 0.09 | $ 0.08 | $ 0.18 | $ 0.16 |
| Number of shares used in calculation: | ||||
| Basic shares outstanding (shares) | 345,240 | 361,009 | 346,528 | 363,863 |
| Effect of dilutive securities (shares) | 2,759 | 3,232 | 2,710 | 3,297 |
| Diluted shares outstanding (shares) | 347,999 | 364,241 | 349,238 | 367,160 |