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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest expense $ (6,081) $ (5,775) $ (17,955) $ (17,292)
Income before taxes 184,996 143,791 396,043 302,322
Income tax expense (68,526) (53,639) (147,120) (120,143)
Net income $ 116,470 $ 90,152 $ 248,923 $ 182,179
Basic earnings per share $ 28.75 $ 21.49 $ 61.34 $ 42.01
Diluted earnings per share $ 27.11 $ 20.70 $ 58.32 $ 40.59
Basic weighted average shares outstanding 4,050 4,196 4,058 4,336
Diluted weighted average shares outstanding 4,296 4,354 4,268 4,489
Homebuilding [Member]        
Revenues $ 1,374,467 $ 1,185,160 $ 3,537,116 $ 3,068,427
Other income 643 905 2,490 2,354
Cost of sales (1,111,672) (960,055) (2,880,194) (2,497,985)
Selling, general and administrative (88,664) (83,881) (279,207) (268,096)
Operating income 174,774 142,129 380,205 304,700
Interest expense (5,900) (5,618) (17,499) (16,895)
Income before taxes 168,874 136,511 362,706 287,805
Mortgage Banking [Member]        
Mortgage banking fees 27,884 18,006 66,617 48,103
Interest income 1,972 1,373 4,353 3,382
Other income 363 240 711 493
General and administrative (13,916) (12,182) (37,888) (37,064)
Interest expense (181) (157) (456) (397)
Income before taxes $ 16,122 $ 7,280 $ 33,337 $ 14,517