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v3.6.0.2

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Interest expense | $ (21,707) | $ (23,559) | $ (23,140)
Income before taxes | 661,697 | 603,212 | 453,546
Income tax expense | (236,435) | (220,285) | (171,916)
Net income | $ 425,262 | $ 382,927 | $ 281,630
Basic earnings per share | $ 110.53 | $ 95.21 | $ 65.83
Diluted earnings per share | $ 103.61 | $ 89.99 | $ 63.50
Basic weighted average shares outstanding | 3,847 | 4,022 | 4,278
Diluted weighted average shares outstanding | 4,104 | 4,255 | 4,435
Homebuilding [Member] |  |  |
Revenues | $ 5,709,223 | $ 5,065,200 | $ 4,375,059
Other income | 2,820 | 2,956 | 2,853
Cost of sales | (4,707,861) | (4,118,782) | (3,568,586)
Selling, general and administrative | (382,459) | (371,127) | (358,851)
Operating income | 621,723 | 578,247 | 450,475
Interest expense | (20,621) | (22,918) | (22,591)
Income before taxes | 601,102 | 555,329 | 427,884
Mortgage Banking [Member] |  |  |
Mortgage banking fees | 113,321 | 93,808 | 69,509
Interest income | 7,569 | 6,485 | 4,940
Other income | 1,652 | 1,113 | 778
General and administrative | (60,861) | (52,882) | (49,016)
Interest expense | (1,086) | (641) | (549)
Income before taxes | $ 60,595 | $ 47,883 | $ 25,662

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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 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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