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v3.7.0.1

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Homebuilding |  |  |  |
Home sale revenues | $ 1,965,641 | $ 1,751,882 | $ 3,551,063 | $ 3,146,125
Land sale revenues | 7,930 | 4,950 | 9,570 | 7,437
Total homebuilding revenues | 1,973,571 | 1,756,832 | 3,560,633 | 3,153,562
Financial Services | 47,275 | 43,082 | 89,042 | 78,930
Consolidated revenues | 2,020,846 | 1,799,914 | 3,649,675 | 3,232,492
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | (1,549,937) | (1,310,569) | (2,767,615) | (2,348,597)
Land sale cost of revenues | (87,599) | (4,403) | (90,827) | (6,430)
Total cost of revenues | (1,637,536) | (1,314,972) | (2,858,442) | (2,355,027)
Financial Services expenses | (28,478) | (26,180) | (56,846) | (52,298)
Selling, general, and administrative expenses | (216,211) | (256,273) | (452,479) | (498,589)
Other expense, net | (16,074) | (12,909) | (20,095) | (18,785)
Income before income taxes | 122,547 | 189,580 | 261,813 | 307,793
Income tax expense | (21,798) | (71,820) | (69,545) | (106,733)
Net income | $ 100,749 | $ 117,760 | $ 192,268 | $ 201,060
Per share: |  |  |  |
Basic earnings (usd per share) | $ 0.32 | $ 0.34 | $ 0.60 | $ 0.58
Diluted earnings (usd per share) | 0.32 | 0.34 | 0.60 | 0.57
Cash dividends declared (usd per share) | $ 0.09 | $ 0.09 | $ 0.18 | $ 0.18
Number of shares used in calculation: |  |  |  |
Basic shares outstanding (shares) | 312,315 | 345,240 | 315,021 | 346,528
Effect of dilutive securities (shares) | 1,565 | 2,759 | 1,946 | 2,710
Diluted shares outstanding (shares) | 313,880 | 347,999 | 316,967 | 349,238

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- Definition The aggregate costs of real estate land sales including administrative paperwork, real estate brokerage, title, and property management operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(e)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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- Definition The aggregate costs related to design, development, general contracting, remodeling, and renovation services for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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