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v3.6.0.2

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended
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Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Homebuilding |  |  |  |  |  |  |  |  |  |  |
Home sale revenues |  |  |  |  |  |  |  |  | $ 7,451,315 | $ 5,792,675 | $ 5,662,171
Land sale revenues |  |  |  |  |  |  |  |  | 36,035 | 48,536 | 34,554
Total homebuilding revenues | $ 2,438,903 | $ 1,894,885 | $ 1,756,832 | $ 1,396,730 | $ 2,018,194 | $ 1,467,780 | $ 1,249,537 | $ 1,105,700 | 7,487,350 | 5,841,211 | 5,696,725
Financial Services | 54,175 | 48,020 | 43,082 | 35,848 | 43,434 | 38,967 | 30,754 | 27,598 | 181,126 | 140,753 | 125,638
Total revenues | 2,493,078 | 1,942,905 | 1,799,914 | 1,432,578 | 2,061,628 | 1,506,747 | 1,280,291 | 1,133,298 | 7,668,476 | 5,981,964 | 5,822,363
Homebuilding Cost of Revenues: |  |  |  |  |  |  |  |  |  |  |
Home sale cost of revenues |  |  |  |  |  |  |  |  | (5,587,974) | (4,235,945) | (4,149,674)
Land sale cost of revenues |  |  |  |  |  |  |  |  | (32,115) | (35,858) | (23,748)
Total cost of revenues | (1,835,928) | (1,429,133) | (1,314,972) | (1,040,056) | (1,470,053) | (1,070,231) | (915,151) | (816,368) | (5,620,089) | (4,271,803) | (4,173,422)
Financial Services expenses |  |  |  |  |  |  |  |  | (108,573) | (82,047) | (71,057)
Selling, general, and administrative expenses |  |  |  |  |  |  |  |  | (957,150) | (794,728) | (861,390)
Other expense, net |  |  |  |  |  |  |  |  | (48,814) | (17,363) | (26,736)
Income before income taxes | 413,721 | 212,335 | 189,580 | 118,213 | 373,315 | 179,276 | 167,627 | 95,805 | 933,850 | 816,023 | 689,758
Income tax expense | (140,549) | (83,865) | (71,820) | (34,913) | (145,288) | (71,507) | (64,303) | (40,834) | (331,147) | (321,933) | (215,420)
Net income | $ 273,172 | $ 128,470 | $ 117,760 | $ 83,300 | $ 228,027 | $ 107,769 | $ 103,324 | $ 54,971 | $ 602,703 | $ 494,090 | $ 474,338
Net income per share: |  |  |  |  |  |  |  |  |  |  |
Basic (usd per share) | $ 0.83 | $ 0.37 | $ 0.34 | $ 0.24 | $ 0.65 | $ 0.31 | $ 0.28 | $ 0.15 | $ 1.76 | $ 1.38 | $ 1.27
Diluted (usd per share) | $ 0.83 | $ 0.37 | $ 0.34 | $ 0.24 | $ 0.64 | $ 0.30 | $ 0.28 | $ 0.15 | 1.75 | 1.36 | 1.26
Cash dividends declared (usd per share) |  |  |  |  |  |  |  |  | $ 0.36 | $ 0.33 | $ 0.23
Number of shares used in calculation: |  |  |  |  |  |  |  |  |  |  |
Basic shares outstanding (shares) | 325,975 | 340,171 | 345,240 | 347,815 | 348,699 | 350,147 | 361,009 | 366,748 | 339,747 | 356,576 | 370,377
Effect of dilutive securities (shares) | 1,834 | 2,250 | 2,759 | 2,662 | 3,047 | 3,225 | 3,232 | 3,362 | 2,376 | 3,217 | 3,725
Diluted shares outstanding (shares) | 327,809 | 342,421 | 347,999 | 350,477 | 351,746 | 353,372 | 364,241 | 370,110 | 342,123 | 359,793 | 374,102

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