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v2.4.0.8

Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011
Interest expense | $ (22,385) | $ (7,529) | $ (1,892)
Income before taxes | 418,696 | 275,077 | 207,576
Income tax expense | (152,219) | (94,489) | (78,156)
Net income | 266,477 | 180,588 | 129,420
Basic earnings per share | $ 56.25 | $ 36.04 | $ 23.66
Diluted earnings per share | $ 54.81 | $ 35.12 | $ 23.01
Basic weighted average shares outstanding | 4,737,124 | 5,011,058 | 5,469,159
Diluted weighted average shares outstanding | 4,861,702 | 5,141,529 | 5,623,817
Homebuilding [Member] |  |  |
Revenues | 4,134,481 | 3,121,244 | 2,611,195
Other income | 3,962 | 3,486 | 4,301
Cost of sales | (3,424,204) | (2,575,639) | (2,165,625)
Selling, general and administrative | (313,029) | (301,184) | (264,266)
Operating income | 401,210 | 247,907 | 185,605
Interest expense | (21,840) | (6,983) | (1,017)
Income before taxes | 379,370 | 240,924 | 184,588
Mortgage Banking [Member] |  |  |
Mortgage banking fees | 76,786 | 63,406 | 47,954
Interest income | 4,983 | 4,504 | 5,702
Other income | 696 | 564 | 456
General and administrative | (42,594) | (33,775) | (30,249)
Interest expense | (545) | (546) | (875)
Income before taxes | $ 39,326 | $ 34,153 | $ 22,988

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- Definition The noninterest income derived from mortgage banking activities (fees and commissions), excluding fees earned from servicing third-party assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 13 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13 (d)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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