XML 13 R3.htm IDEA: XBRL DOCUMENT 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