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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2018
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)
2018 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,924,155 |  |  | $ | 2,516,958 |  |  | $ | 2,597,746 |  |  | $ | 2,944,091 |  |  | $ | 9,982,949 |
Cost of revenues (b) | (1,471,488 | ) |  | (1,900,316 | ) |  | (1,976,220 | ) |  | (2,319,473 | ) |  | (7,667,497 | )
Income before income taxes (c) | 210,358 |  |  | 388,453 |  |  | 365,055 |  |  | 324,938 |  |  | 1,288,804 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 45,938 |  |  | $ | 52,764 |  |  | $ | 51,620 |  |  | $ | 55,059 |  |  | $ | 205,382 |
Income before income taxes (d) | 13,833 |  |  | 20,717 |  |  | 19,633 |  |  | 4,553 |  |  | 58,736 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,970,093 |  |  | $ | 2,569,722 |  |  | $ | 2,649,366 |  |  | $ | 2,999,150 |  |  | $ | 10,188,331 |
Income before income taxes | 224,191 |  |  | 409,170 |  |  | 384,688 |  |  | 329,491 |  |  | 1,347,540 |
Income tax expense | (53,440 | ) |  | (85,081 | ) |  | (95,153 | ) |  | (91,842 | ) |  | (325,517 | )
Net income | $ | 170,751 |  |  | $ | 324,089 |  |  | $ | 289,535 |  |  | $ | 237,649 |  |  | $ | 1,022,023 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.59 |  |  | $ | 1.12 |  |  | $ | 1.01 |  |  | $ | 0.84 |  |  | $ | 3.56 |
Diluted | $ | 0.59 |  |  | $ | 1.12 |  |  | $ | 1.01 |  |  | $ | 0.84 |  |  | $ | 3.55 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 286,683 |  |  | 285,276 |  |  | 283,489 |  |  | 278,964 |  |  | 283,578 |
Effect of dilutive securities | 1,343 |  |  | 1,378 |  |  | 1,183 |  |  | 1,248 |  |  | 1,287 |
Diluted | 288,026 |  |  | 286,654 |  |  | 284,672 |  |  | 280,212 |  |  | 284,865 |
(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) | Cost of revenues includes land inventory impairments of $66.9 million and net realizable value adjustments on land held for sale of $9.0 million in the 4th Quarter. See Note 2 for a more complete discussion of land-related charges for the full year.
(c) | Homebuilding income before income taxes includes an insurance reserve reversal of $37.9 million in the 2nd Quarter (see Note 11) and write-offs of pre-acquisition costs of $9.6 million in the 4th Quarter (See Note 2).
(d) | Financial Services income before income taxes includes a charge related to loan origination liabilities of $16.2 million in the 4th Quarter (see Note 11).
UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total (a)
2017 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,588,111 |  |  | $ | 1,974,584 |  |  | $ | 2,084,106 |  |  | $ | 2,738,724 |  |  | $ | 8,385,526 |
Cost of revenues (b) | (1,220,906 | ) |  | (1,637,536 | ) |  | (1,589,728 | ) |  | (2,147,431 | ) |  | (6,595,601 | )
Income before income taxes (c) | 125,762 |  |  | 103,599 |  |  | 250,463 |  |  | 385,508 |  |  | 865,332 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 41,767 |  |  | $ | 47,275 |  |  | $ | 46,952 |  |  | $ | 56,166 |  |  | $ | 192,160 |
Income before income taxes | 13,503 |  |  | 18,948 |  |  | 17,786 |  |  | 23,259 |  |  | 73,496 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,629,878 |  |  | $ | 2,021,859 |  |  | $ | 2,131,058 |  |  | $ | 2,794,890 |  |  | $ | 8,577,686 |
Income before income taxes | 139,265 |  |  | 122,547 |  |  | 268,249 |  |  | 408,767 |  |  | 938,828 |
Income tax expense | (47,747 | ) |  | (21,798 | ) |  | (90,710 | ) |  | (331,352 | ) |  | (491,607 | )
Net income | $ | 91,518 |  |  | $ | 100,749 |  |  | $ | 177,539 |  |  | $ | 77,415 |  |  | $ | 447,221 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.29 |  |  | $ | 0.32 |  |  | $ | 0.59 |  |  | $ | 0.26 |  |  | $ | 1.45 |
Diluted | $ | 0.28 |  |  | $ | 0.32 |  |  | $ | 0.58 |  |  | $ | 0.26 |  |  | $ | 1.44 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 317,756 |  |  | 312,315 |  |  | 298,538 |  |  | 292,174 |  |  | 305,089 |
Effect of dilutive securities | 2,329 |  |  | 1,565 |  |  | 1,690 |  |  | 1,318 |  |  | 1,725 |
Diluted | 320,085 |  |  | 313,880 |  |  | 300,228 |  |  | 293,492 |  |  | 306,814 |
(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) | Cost of revenues includes land inventory impairments of $31.5 million and $57.5 million in the 2nd and 4th Quarters, respectively (see Note 2); net realizable value adjustments on land held for sale of $81.0 million in the 2nd Quarter (see Note 2); and a warranty charge of $12.4 million related to a closed-out community in the 2nd Quarter (see Note 11).
(c) Homebuilding income before income taxes includes an $8.0 million impairment of an investment in an unconsolidated entity in the 2nd Quarter (see Note 2); write-offs of insurance receivables of $15.0 million, $5.3 million, and $9.3 million for the 1st, 3rd, and 4th Quarters, respectively (see Note 11); and insurance reserve reversals of $19.8 million and $75.3 million in the 2nd and 4th Quarters, respectively (see Note 11).

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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