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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
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)
2020 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 2,240,430 |  |  | $ | 2,498,979 |  |  | $ | 2,848,086 |  |  | $ | 3,086,418 |  |  | $ | 10,673,913 |
Cost of revenues | (1,709,879) |  |  | (1,900,250) |  |  | (2,152,243) |  |  | (2,320,077) |  |  | (8,082,449) |
Income before income taxes (b) | 244,218 |  |  | 396,585 |  |  | 420,103 |  |  | 481,151 |  |  | 1,542,057 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 54,550 |  |  | $ | 94,802 |  |  | $ | 106,871 |  |  | $ | 105,945 |  |  | $ | 362,169 |
Income before income taxes (c) | 19,551 |  |  | 60,424 |  |  | 64,064 |  |  | 42,599 |  |  | 186,637 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 2,294,980 |  |  | $ | 2,593,781 |  |  | $ | 2,954,957 |  |  | $ | 3,192,363 |  |  | $ | 11,036,082 |
Income before income taxes | 263,769 |  |  | 457,009 |  |  | 484,167 |  |  | 523,750 |  |  | 1,728,694 |
Income tax expense (d) | (60,058) |  |  | (108,389) |  |  | (67,769) |  |  | (85,639) |  |  | (321,855) |
Net income | $ | 203,711 |  |  | $ | 348,620 |  |  | $ | 416,398 |  |  | $ | 438,111 |  |  | $ | 1,406,839 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.75 |  |  | $ | 1.29 |  |  | $ | 1.54 |  |  | $ | 1.62 |  |  | $ | 5.19 |
Diluted | $ | 0.74 |  |  | $ | 1.29 |  |  | $ | 1.54 |  |  | $ | 1.62 |  |  | $ | 5.18 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 270,000 |  |  | 268,324 |  |  | 268,363 |  |  | 267,561 |  |  | 268,553 |
Effect of dilutive securities | 1,218 |  |  | 701 |  |  | 598 |  |  | 666 |  |  | 861 |
Diluted | 271,218 |  |  | 269,025 |  |  | 268,961 |  |  | 268,227 |  |  | 269,414 |
(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)Homebuilding income before income taxes includes a goodwill impairment charge of $20.2 million during the 1st Quarter (see Note 1); insurance reserve reversals of $93.4 million, of which $60.7 million and $34.1 million occurred during the 2nd and 4th Quarter, respectively (see Note 11); and reserves against insurance receivables of $17.8 million during the 4th Quarter. (c)Financial Services income before income taxes includes $26.4 million of mortgage repurchase reserve charges, of which $22.0 million occurred during the 4th Quarter (see Note 11). (d)Income tax expense includes energy efficient homes tax credits of $82.0 million, of which $53.2 million and $24.0 million occurred during the 3rd and 4th Quarter, respectively (see Note 8). UNAUDITED QUARTERLY INFORMATION (000’s omitted, except per share data)
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total (a)
2019 |  |  |  |  |  |  |  |  |
Homebuilding: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,952,831 |  |  | $ | 2,433,028 |  |  | $ | 2,645,550 |  |  | $ | 2,947,116 |  |  | $ | 9,978,526 |
Cost of revenues (b) | (1,494,841) |  |  | (1,874,369) |  |  | (2,035,972) |  |  | (2,279,615) |  |  | (7,684,798) |
Income before income taxes (c) | 204,294 |  |  | 295,698 |  |  | 333,862 |  |  | 402,407 |  |  | 1,236,261 |
Financial Services: |  |  |  |  |  |  |  |  |
Revenues | $ | 43,862 |  |  | $ | 55,957 |  |  | $ | 64,815 |  |  | $ | 69,797 |  |  | $ | 234,431 |
Income before income taxes | 12,409 |  |  | 25,078 |  |  | 32,284 |  |  | 33,544 |  |  | 103,315 |
Consolidated results: |  |  |  |  |  |  |  |  |
Revenues | $ | 1,996,693 |  |  | $ | 2,488,985 |  |  | $ | 2,710,365 |  |  | $ | 3,016,913 |  |  | $ | 10,212,957 |
Income before income taxes | 216,703 |  |  | 320,776 |  |  | 366,146 |  |  | 435,951 |  |  | 1,339,576 |
Income tax expense | (49,946) |  |  | (79,735) |  |  | (93,042) |  |  | (100,153) |  |  | (322,876) |
Net income | $ | 166,757 |  |  | $ | 241,041 |  |  | $ | 273,104 |  |  | $ | 335,798 |  |  | $ | 1,016,700 |
Net income per share: |  |  |  |  |  |  |  |  |
Basic | $ | 0.59 |  |  | $ | 0.86 |  |  | $ | 0.99 |  |  | $ | 1.23 |  |  | $ | 3.67 |
Diluted | $ | 0.59 |  |  | $ | 0.86 |  |  | $ | 0.99 |  |  | $ | 1.22 |  |  | $ | 3.66 |
Number of shares used in calculation: |  |  |  |  |  |  |  |  |
Basic | 277,637 |  |  | 276,652 |  |  | 272,992 |  |  | 270,843 |  |  | 274,495 |
Effect of dilutive securities | 1,003 |  |  | 932 |  |  | 640 |  |  | 632 |  |  | 802 |
Diluted | 278,640 |  |  | 277,584 |  |  | 273,632 |  |  | 271,475 |  |  | 275,297 |
(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 a warranty charge related to a close-out community of $14.8 million, of which $9.0 million occurred during the 3rd Quarter (see Note 11). (c)Homebuilding income before income taxes includes an insurance reserve reversal of $12.8 million and $31.1 million during the 2nd and 4th Quarters, respectively; and write-offs of insurance receivables of $11.6 million and $12.6 million in the 1st and 2nd 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=121640914&loc=d3e1280-108306 + Details
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