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v3.8.0.1

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Interest expense | $ (6,282) | $ (5,836)
Income before taxes | 190,998 | 132,161
Income tax expense | (24,949) | (29,238)
Net income | $ 166,049 | $ 102,923
Basic earnings per share (USD per share) | $ 45.19 | $ 27.78
Diluted earnings per share (USD per share) | $ 39.34 | $ 25.12
Basic weighted average shares outstanding (in shares) | 3,675 | 3,705
Diluted weighted average shares outstanding (in shares) | 4,220 | 4,097
Homebuilding [Member] |  |
Revenues | $ 1,490,093 | $ 1,247,587
Other income | 1,977 | 1,102
Cost of sales | (1,211,946) | (1,026,017)
Selling, general and administrative | (105,547) | (99,904)
Operating income | 174,577 | 122,768
Interest expense | (6,007) | (5,578)
Income before taxes | 168,570 | 117,190
Mortgage Banking [Member] |  |
Mortgage banking fees | 39,321 | 29,505
Interest income | 2,093 | 1,661
Other income | 524 | 309
General and administrative | (19,235) | (16,246)
Interest expense | (275) | (258)
Income before taxes | $ 22,428 | $ 14,971

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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=96947427&loc=d3e1252-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 4: 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(23)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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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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- Definition The aggregate costs related to design, development, general contracting, remodeling, and renovation services for residential buildings, including single-family houses, multifamily housing, townhomes, apartments, and modular housing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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