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Quarterly Results (unaudited) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results (unaudited) | Quarterly Results (unaudited) The following table sets forth unaudited selected financial data and operating information on a quarterly basis for the years ended December 31, 2020 and 2019.
|  | Year Ended December 31, 2020
|  | 4th Quarter |  | 3rd Quarter |  | 2nd Quarter |  | 1st Quarter
Homebuilding data: |  |  |  |  |  |  |  |
Revenues |  | $ | 2,263,673 |  |  | $ | 1,920,751 |  |  | $ | 1,588,758 |  |  | $ | 1,555,707 |
Gross profit |  | $ | 441,552 |  |  | $ | 384,707 |  |  | $ | 304,265 |  |  | $ | 260,964 |
Mortgage Banking data: |  |  |  |  |  |  |  |
Mortgage banking fees |  | $ | 80,342 |  |  | $ | 69,261 |  |  | $ | 31,610 |  |  | $ | 26,821 |
Loans closed |  | $ | 1,659,219 |  |  | $ | 1,382,060 |  |  | $ | 1,144,428 |  |  | $ | 1,132,104 |
Consolidated data: |  |  |  |  |  |  |  |
Net income |  | $ | 305,004 |  |  | $ | 256,466 |  |  | $ | 164,075 |  |  | $ | 175,703 |
Diluted earnings per share |  | $ | 76.93 |  |  | $ | 65.11 |  |  | $ | 42.50 |  |  | $ | 44.96 |
Operating data: |  |  |  |  |  |  |  |
New orders (units) |  | 5,485 |  |  | 6,681 |  |  | 5,901 |  |  | 5,015 |
Settlements (units) |  | 6,060 |  |  | 5,180 |  |  | 4,296 |  |  | 4,230 |
Backlog (units) |  | 11,549 |  |  | 12,124 |  |  | 10,623 |  |  | 9,018 |
|  | Year Ended December 31, 2019
|  | 4th Quarter |  | 3rd Quarter |  | 2nd Quarter |  | 1st Quarter
Homebuilding data: |  |  |  |  |  |  |  |
Revenues |  | $ | 1,946,859 |  |  | $ | 1,873,331 |  |  | $ | 1,757,448 |  |  | $ | 1,643,206 |
Gross profit |  | $ | 379,467 |  |  | $ | 355,055 |  |  | $ | 332,060 |  |  | $ | 304,400 |
Mortgage Banking data: |  |  |  |  |  |  |  |
Mortgage banking fees |  | $ | 43,336 |  |  | $ | 37,933 |  |  | $ | 42,746 |  |  | $ | 43,805 |
Loans closed |  | $ | 1,418,742 |  |  | $ | 1,373,946 |  |  | $ | 1,231,039 |  |  | $ | 1,140,999 |
Consolidated data: |  |  |  |  |  |  |  |
Net income |  | $ | 256,137 |  |  | $ | 223,787 |  |  | $ | 210,209 |  |  | $ | 188,406 |
Diluted earnings per share |  | $ | 64.41 |  |  | $ | 56.11 |  |  | $ | 53.09 |  |  | $ | 47.64 |
Operating data: |  |  |  |  |  |  |  |
New orders (units) |  | 4,392 |  |  | 4,766 |  |  | 5,239 |  |  | 5,139 |
Settlements (units) |  | 5,331 |  |  | 5,124 |  |  | 4,720 |  |  | 4,493 |
Backlog (units) |  | 8,233 |  |  | 9,172 |  |  | 9,530 |  |  | 9,011 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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