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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Other Expense, Net

Other expense, net consists of the following ($000’s omitted): 

			2021						2020						2019
Write-offs of deposits and pre-acquisition costs (Note 2)			$	(12,283)					$	(12,390)					$	(13,116)
Amortization of intangible assets (Note 1)			(16,502)						(19,685)						(14,200)
Interest income			1,953						6,837						16,739
Interest expense			(502)						(4,248)						(584)
Equity in earnings of unconsolidated entities (Note 4)			17,199						1,880						747
Miscellaneous, net			7,725						9,780						1,865
Total other expense, net			$	(2,410)					$	(17,826)					$	(8,549)

Schedule of Earnings Per Share of Common Stock

The following table presents a reconciliation of the Numerator used in our earnings per common share calculation ($000's omitted):

			December 31, 2021						December 31, 2020						December 31, 2019
Numerator:
Net income			$	1,946,320					$	1,406,839					$	1,016,700
Less: earnings distributed to participating securities			(1,218)						(1,106)						(1,228)
Less: undistributed earnings allocated to participating securities			(15,117)						(11,348)						(9,143)
Numerator for basic earnings per share			$	1,929,985					$	1,394,385					$	1,006,329
Add: undistributed earnings allocated to participating securities			15,117						11,348						9,143
Less: undistributed earnings reallocated to participating securities			(15,080)						(11,312)						(9,117)
Numerator for diluted earnings per share			$	1,930,022					$	1,394,421					$	1,006,355

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, 2021												December 31, 2020
			Deposits and Pre-acquisition Costs						Remaining Purchase Price						Deposits and Pre-acquisition Costs						Remaining Purchase Price
Land options with VIEs			$	179,604					$	2,329,187					$	126,900					$	1,586,551
Other land options			225,318						3,128,691						164,964						2,187,017
			$	404,922					$	5,457,878					$	291,864					$	3,773,568

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, 2021												December 31, 2020
			Other Assets						Other Liabilities						Other Assets						Other Liabilities
Interest rate lock commitments			$	8,582					$	33					$	16,179					$	18
Forward contracts			757						1,336						501						5,937
Whole loan commitments			384						4						168						666
			$	9,723					$	1,373					$	16,848					$	6,621

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