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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest expense $ (6,120) $ (5,624) $ (17,870) $ (15,526)
Income before taxes 244,464 185,003 585,593 433,035
Income tax expense (82,362) (67,611) (172,691) (158,664)
Net income $ 162,102 $ 117,392 $ 412,902 $ 274,371
Basic earnings per share (USD per share) $ 43.26 $ 30.43 $ 110.60 $ 70.70
Diluted earnings per share (USD per share) $ 38.02 $ 28.46 $ 98.33 $ 66.24
Basic weighted average shares outstanding (in shares) 3,747 3,858 3,733 3,881
Diluted weighted average shares outstanding (in shares) 4,263 4,125 4,199 4,142
Homebuilding [Member]        
Revenues $ 1,633,726 $ 1,507,451 $ 4,394,027 $ 3,990,696
Other income 1,715 703 4,264 2,223
Cost of sales (1,307,971) (1,242,292) (3,552,071) (3,294,421)
Selling, general and administrative (95,606) (92,867) (294,610) (290,925)
Operating income 231,864 172,995 551,610 407,573
Interest expense (5,821) (5,338) (17,040) (14,734)
Income before taxes 226,043 167,657 534,570 392,839
Mortgage Banking [Member]        
Mortgage banking fees 34,194 30,118 95,477 79,082
Interest income 1,953 2,000 5,168 5,111
Other income 583 473 1,398 1,140
General and administrative (18,010) (14,959) (50,190) (44,345)
Interest expense (299) (286) (830) (792)
Income before taxes $ 18,421 $ 17,346 $ 51,023 $ 40,196