XML 50 R35.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Quarterly Results (unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
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, 2016 and 2015.
|  | Year Ended December 31, 2016 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
Revenues – homebuilding operations |  | $ | 1,718,527 |  |  | $ | 1,507,451 |  |  | $ | 1,361,741 |  |  | $ | 1,121,504 |
Gross profit – homebuilding operations |  | $ | 305,087 |  |  | $ | 265,159 |  |  | $ | 235,372 |  |  | $ | 195,744 |
Mortgage banking fees |  | $ | 34,239 |  |  | $ | 30,118 |  |  | $ | 26,442 |  |  | $ | 22,522 |
Net income |  | $ | 150,891 |  |  | $ | 117,392 |  |  | $ | 91,676 |  |  | $ | 65,303 |
Diluted earnings per share |  | $ | 37.80 |  |  | $ | 28.46 |  |  | $ | 22.01 |  |  | $ | 15.79 |
New orders (units) |  |  | 3,645 |  |  |  | 3,477 |  |  |  | 4,324 |  |  |  | 4,137 |
Settlements (units) |  |  | 4,419 |  |  |  | 3,922 |  |  |  | 3,581 |  |  |  | 3,006 |
Backlog, end of period (units) |  |  | 6,884 |  |  |  | 7,658 |  |  |  | 8,103 |  |  |  | 7,360 |
Loans closed |  | $ | 1,201,164 |  |  | $ | 1,055,163 |  |  | $ | 942,407 |  |  | $ | 753,840 |
|  | Year Ended December 31, 2015 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter |
Revenues – homebuilding operations |  | $ | 1,528,084 |  |  | $ | 1,374,467 |  |  | $ | 1,221,111 |  |  | $ | 941,538 |
Gross profit – homebuilding operations |  | $ | 289,496 |  |  | $ | 262,795 |  |  | $ | 234,257 |  |  | $ | 159,870 |
Mortgage banking fees |  | $ | 27,191 |  |  | $ | 27,884 |  |  | $ | 22,522 |  |  | $ | 16,211 |
Net income |  | $ | 134,004 |  |  | $ | 116,470 |  |  | $ | 93,395 |  |  | $ | 39,058 |
Diluted earnings per share |  | $ | 31.92 |  |  | $ | 27.11 |  |  | $ | 21.91 |  |  | $ | 9.22 |
New orders (units) |  |  | 3,100 |  |  |  | 3,258 |  |  |  | 3,796 |  |  |  | 3,926 |
Settlements (units) |  |  | 4,010 |  |  |  | 3,607 |  |  |  | 3,175 |  |  |  | 2,534 |
Backlog, end of period (units) |  |  | 6,229 |  |  |  | 7,139 |  |  |  | 7,488 |  |  |  | 6,867 |
Loans closed |  | $ | 1,042,440 |  |  | $ | 951,872 |  |  | $ | 859,403 |  |  | $ | 638,627 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, 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=68076893&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration