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v3.10.0.1

Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Homebuilding |  |  |  |
Home sale revenues | $ 2,450,054 | $ 1,965,641 | $ 4,361,652 | $ 3,551,063
Land sale and other revenues | 66,904 | 8,944 | 79,461 | 11,632
Total homebuilding revenues | 2,516,958 | 1,974,585 | 4,441,113 | 3,562,695
Financial Services | 52,764 | 47,275 | 98,702 | 89,042
Consolidated revenues | 2,569,722 | 2,021,860 | 4,539,815 | 3,651,737
Homebuilding Cost of Revenues: |  |  |  |
Home sale cost of revenues | (1,862,133) | (1,549,937) | (3,322,073) | (2,767,615)
Land sale cost of revenues | (38,183) | (87,599) | (49,731) | (90,827)
Total cost of revenues | (1,900,316) | (1,637,536) | (3,371,804) | (2,858,442)
Financial Services expenses | (32,224) | (28,478) | (64,436) | (56,846)
Selling, general, and administrative expenses | (226,056) | (216,211) | (466,950) | (452,479)
Other expense, net | (1,956) | (17,088) | (3,263) | (22,157)
Income before income taxes | 409,170 | 122,547 | 633,362 | 261,813
Income tax expense | (85,081) | (21,798) | (138,521) | (69,545)
Net income | $ 324,089 | $ 100,749 | $ 494,841 | $ 192,268
Per share: |  |  |  |
Basic earnings (usd per share) | $ 1.12 | $ 0.32 | $ 1.72 | $ 0.60
Diluted earnings (usd per share) | 1.12 | 0.32 | 1.71 | 0.60
Cash dividends declared (usd per share) | $ 0.09 | $ 0.09 | $ 0.18 | $ 0.18
Number of shares used in calculation: |  |  |  |
Basic shares outstanding (shares) | 285,276 | 312,315 | 285,976 | 315,021
Effect of dilutive securities (shares) | 1,378 | 1,565 | 1,088 | 1,946
Diluted shares outstanding (shares) | 286,654 | 313,880 | 287,064 | 316,967

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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 + Details
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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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