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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Other Expense (Income), Net Other expense, net consists of the following ($000’s omitted): 
 
2018
 
2017
 
2016
Write-offs of deposits and pre-acquisition costs (Note 2)
$
(16,992
)
 
$
(11,367
)
 
$
(17,157
)
Lease exit and related costs (a)
(240
)
 
(1,729
)
 
(11,643
)
Amortization of intangible assets (Note 1)
(13,800
)
 
(13,800
)
 
(13,800
)
Interest expense
(618
)
 
(503
)
 
(686
)
Interest income
7,593

 
2,537

 
3,236

Equity in earnings (loss) of unconsolidated entities (Note 4) (b)
2,690

 
(1,985
)
 
8,337

Miscellaneous, net (c)
7,518

 
(5,540
)
 
(25,155
)
Total other expense, net
$
(13,849
)
 
$
(32,387
)
 
$
(56,868
)


(a)
Lease exit and related costs resulted from actions taken to reduce overheads and the substantial completion of our corporate headquarters relocation from Michigan to Georgia, which began in 2013.
(b)
Includes an $8.0 million impairment of an investment in an unconsolidated entity in 2017 (see Note 2).
(c)
Miscellaneous, net includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
Schedule of Earnings Per Share of Common Stock The following table presents the earnings per common share (000's omitted, except per share data):

 
December 31, 2018
 
December 31, 2017
 
December 31, 2016
Numerator:
 
 
 
 
 
Net income
$
1,022,023

 
$
447,221

 
$
602,703

Less: earnings distributed to participating securities
(1,208
)
 
(1,192
)
 
(1,100
)
Less: undistributed earnings allocated to participating securities
(9,984
)
 
(3,380
)
 
(3,622
)
Numerator for basic earnings per share
$
1,010,831

 
$
442,649

 
$
597,981

Add back: undistributed earnings allocated to participating securities
9,984

 
3,380

 
3,622

Less: undistributed earnings reallocated to participating securities
(9,939
)
 
(3,361
)
 
(3,602
)
Numerator for diluted earnings per share
$
1,010,876

 
$
442,668

 
$
598,001

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Basic shares outstanding
283,578

 
305,089

 
339,747

Effect of dilutive securities
1,287

 
1,725

 
2,376

Diluted shares outstanding
284,865

 
306,814

 
342,123

 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
Basic
$
3.56

 
$
1.45

 
$
1.76

Diluted
$
3.55

 
$
1.44

 
$
1.75
Schedule Of Company Interests In Land Option Agreements The following provides a summary of our interests in land option agreements ($000’s omitted):  
 
December 31, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
90,717

 
$
1,079,507

 
$
78,889

 
$
977,480

Other land options
127,851

 
1,522,903

 
129,098

 
1,485,099

 
$
218,568

 
$
2,602,410

 
$
207,987

 
$
2,462,579
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value  

The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):
 
 
December 31, 2018
 
December 31, 2017
 
Other Assets
 
Other Liabilities
 
Other Assets
 
Other Liabilities
Interest rate lock commitments
$
9,196

 
$
161

 
$
5,990

 
$
407

Forward contracts
315

 
7,229

 
432

 
817

Whole loan commitments
393

 
1,111

 
794

 
941

 
$
9,904

 
$
8,501

 
$
7,216

 
$
2,165