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Quarterly Results (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
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, 2017 and 2016.
|  | Year Ended December 31, 2017
|  | 4th Quarter |  | 3rd Quarter |  | 2nd Quarter |  | 1st Quarter
Revenues – homebuilding operations |  | $ | 1,781,494 |  |  | $ | 1,633,726 |  |  | $ | 1,512,714 |  |  | $ | 1,247,587 |
Gross profit – homebuilding operations |  | $ | 343,187 |  |  | $ | 325,755 |  |  | $ | 294,631 |  |  | $ | 221,570 |
Mortgage banking fees |  | $ | 34,842 |  |  | $ | 34,194 |  |  | $ | 31,778 |  |  | $ | 29,505 |
Net income |  | $ | 124,619 |  |  | $ | 162,102 |  |  | $ | 147,877 |  |  | $ | 102,923 |
Diluted earnings per share |  | $ | 28.88 |  |  | $ | 38.02 |  |  | $ | 35.19 |  |  | $ | 25.12 |
New orders (units) |  | 4,306 |  |  | 4,200 |  |  | 4,678 |  |  | 4,424 |
Settlements (units) |  | 4,630 |  |  | 4,158 |  |  | 3,917 |  |  | 3,256 |
Backlog, end of period (units) |  | 8,531 |  |  | 8,855 |  |  | 8,813 |  |  | 8,052 |
Loans closed |  | $ | 1,229,695 |  |  | $ | 1,115,494 |  |  | $ | 1,041,613 |  |  | $ | 843,341 |
|  | 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 |

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- 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
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