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Quarterly Results (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data and Operating Information | The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2014 and 2013.
|  | Year Ended December 31, 2014 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
Revenues – homebuilding operations |  | $ | 1,306,632 |  |  | $ | 1,185,160 |  |  | $ | 1,084,080 |  |  | $ | 799,187 |
Gross profit – homebuilding operations |  | $ | 236,031 |  |  | $ | 225,105 |  |  | $ | 201,302 |  |  | $ | 144,035 |
Mortgage banking fees |  | $ | 21,406 |  |  | $ | 18,006 |  |  | $ | 17,974 |  |  | $ | 12,123 |
Net income |  | $ | 99,451 |  |  | $ | 90,152 |  |  | $ | 68,178 |  |  | $ | 23,849 |
Diluted earnings per share |  | $ | 23.24 |  |  | $ | 20.70 |  |  | $ | 15.17 |  |  | $ | 5.16 |
Contracts for sale, net of cancellations (units) |  |  | 2,713 |  |  |  | 2,936 |  |  |  | 3,415 |  |  |  | 3,325 |
Settlements (units) |  |  | 3,469 |  |  |  | 3,236 |  |  |  | 2,943 |  |  |  | 2,211 |
Backlog, end of period (units) |  |  | 5,475 |  |  |  | 6,231 |  |  |  | 6,531 |  |  |  | 6,059 |
Loans closed |  | $ | 881,930 |  |  | $ | 803,125 |  |  | $ | 675,625 |  |  | $ | 472,933 |
|  | Year Ended December 31, 2013 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
Revenues – homebuilding operations |  | $ | 1,223,808 |  |  | $ | 1,167,595 |  |  | $ | 992,210 |  |  | $ | 750,868 |
Gross profit – homebuilding operations |  | $ | 222,393 |  |  | $ | 203,179 |  |  | $ | 157,922 |  |  | $ | 126,783 |
Mortgage banking fees |  | $ | 18,344 |  |  | $ | 21,372 |  |  | $ | 17,682 |  |  | $ | 19,388 |
Net income |  | $ | 97,811 |  |  | $ | 82,935 |  |  | $ | 50,690 |  |  | $ | 35,041 |
Diluted earnings per share |  | $ | 21.15 |  |  | $ | 17.67 |  |  | $ | 10.11 |  |  | $ | 6.84 |
Contracts for sale, net of cancellations (units) |  |  | 2,631 |  |  |  | 2,381 |  |  |  | 3,278 |  |  |  | 3,510 |
Settlements (units) |  |  | 3,342 |  |  |  | 3,342 |  |  |  | 2,878 |  |  |  | 2,272 |
Backlog, end of period (units) |  |  | 4,945 |  |  |  | 5,656 |  |  |  | 6,617 |  |  |  | 6,217 |
Loans closed |  | $ | 721,926 |  |  | $ | 695,930 |  |  | $ | 646,450 |  |  | $ | 473,766 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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