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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total (a)
2015 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,105,700 |  |  | $ | 1,249,537 |  |  | $ | 1,467,780 |  |  | $ | 2,018,194 |  |  | $ | 5,841,211 |
Cost of revenues | 854,523 |  |  | 958,592 |  |  | 1,122,175 |  |  | 1,541,461 |  |  | 4,476,751 |
Income before income taxes (b) | 90,748 |  |  | 157,640 |  |  | 164,911 |  |  | 344,019 |  |  | 757,317 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 27,598 |  |  | $ | 30,754 |  |  | $ | 38,967 |  |  | $ | 43,434 |  |  | $ | 140,753 |
Income before income taxes (c) | 5,057 |  |  | 9,987 |  |  | 14,365 |  |  | 29,297 |  |  | 58,706 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,133,298 |  |  | $ | 1,280,291 |  |  | $ | 1,506,747 |  |  | $ | 2,061,628 |  |  | $ | 5,981,964 |
Income before income taxes | 95,805 |  |  | 167,627 |  |  | 179,276 |  |  | 373,315 |  |  | 816,023 |
Income tax expense | 40,834 |  |  | 64,303 |  |  | 71,507 |  |  | 145,288 |  |  | 321,933 |
Net income | $ | 54,971 |  |  | $ | 103,324 |  |  | $ | 107,769 |  |  | $ | 228,027 |  |  | $ | 494,090 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.15 |  |  | $ | 0.28 |  |  | $ | 0.31 |  |  | $ | 0.65 |  |  | $ | 1.38 |
Diluted | $ | 0.15 |  |  | $ | 0.28 |  |  | $ | 0.30 |  |  | $ | 0.64 |  |  | $ | 1.36 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 366,748 |  |  | 361,009 |  |  | 350,147 |  |  | 348,699 |  |  | 356,576 |
Effect of dilutive securities | 3,362 |  |  | 3,232 |  |  | 3,225 |  |  | 3,047 |  |  | 3,217 |
Diluted | 370,110 |  |  | 364,241 |  |  | 353,372 |  |  | 351,746 |  |  | 359,793 |
(a) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(b) | Homebuilding income before income taxes includes reserve reversals resulting from a legal settlement (see Note 12)of $26.9 million and $5.7 million in the 2nd and 3rd Quarters, respectively; a charge of $20.0 million in the 3rd Quarter related to the Applecross matter (see Note 12); and $29.6 million relating to decreased general liability insurance reserves in the 4th Quarter.
(c) | Financial Services expenses in the 4th Quarter includes a reduction in loan origination liabilities totaling $11.8 million..
UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total (a)
2014 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,093,999 |  |  | $ | 1,254,989 |  |  | $ | 1,561,273 |  |  | $ | 1,786,464 |  |  | $ | 5,696,725 |
Cost of revenues | 833,614 |  |  | 959,524 |  |  | 1,198,908 |  |  | 1,374,951 |  |  | 4,366,997 |
Income before income taxes (b) | 108,435 |  |  | 58,573 |  |  | 214,051 |  |  | 254,118 |  |  | 635,177 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 24,895 |  |  | $ | 31,198 |  |  | $ | 33,452 |  |  | $ | 36,093 |  |  | $ | 125,638 |
Income before income taxes (c) | 21,594 |  |  | 9,108 |  |  | 10,877 |  |  | 13,002 |  |  | 54,581 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,118,894 |  |  | $ | 1,286,187 |  |  | $ | 1,594,725 |  |  | $ | 1,822,557 |  |  | $ | 5,822,363 |
Income before income taxes | 130,029 |  |  | 67,681 |  |  | 224,928 |  |  | 267,120 |  |  | 689,758 |
Income tax expense (benefit) (d) | 55,210 |  |  | 25,801 |  |  | 84,383 |  |  | 50,025 |  |  | 215,420 |
Net income | $ | 74,819 |  |  | $ | 41,880 |  |  | $ | 140,545 |  |  | $ | 217,095 |  |  | $ | 474,338 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.19 |  |  | $ | 0.11 |  |  | $ | 0.37 |  |  | $ | 0.58 |  |  | $ | 1.27 |
Diluted | $ | 0.19 |  |  | $ | 0.11 |  |  | $ | 0.37 |  |  | $ | 0.58 |  |  | $ | 1.26 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 383,991 |  |  | 376,072 |  |  | 373,531 |  |  | 369,533 |  |  | 370,377 |
Effect of dilutive securities | 3,815 |  |  | 3,592 |  |  | 3,761 |  |  | 3,734 |  |  | 3,725 |
Diluted | 387,806 |  |  | 379,664 |  |  | 377,292 |  |  | 373,267 |  |  | 374,102 |
(a) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
(a) | Homebuilding income before income taxes includes losses on debt retirement of $8.6 million in the 1st Quarter; charges of $84.5 million to increase general liability insurance reserves in the 2nd Quarter; and costs associated with the relocation of our corporate headquarters of $8.7 million , offset by favorable adjustments of $15.2 million to decrease general liability insurance reserves in the 4th Quarter.
(b) | Financial Services expenses in the 1st Quarter includes a reduction in loan origination liabilities totaling $18.6 million.
(c) | Income tax expense in the 4th Quarter includes a benefit of $49.6 million related to the resolution of certain tax matters and the reversal of valuation allowance related to certain state deferred tax assets.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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