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Supplementary Financial Data | 12 Months Ended
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Dec. 31, 2016
Supplementary Financial Data [Abstract] |
Additional Financial Information Disclosure [Text Block] | Supplementary Financial Data The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.
| December 31, 2016 | September 30, 2016 | June 30, 2016 | March 31, 2016
(In thousands, except per share amounts) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited)
Revenue | $ | 523,246 |  | $ | 442,464 |  | $ | 401,247 |  | $ | 324,370 |
Gross margin | $ | 104,586 |  | $ | 78,829 |  | $ | 81,539 |  | $ | 64,198 |
Net income to common shareholders (a) | $ | 19,343 |  | $ | 9,724 |  | $ | 14,697 |  | $ | 7,970 |
Earnings per common share: (c) |  |  |  |  |  |  |  |
Basic | $ | 0.78 |  | $ | 0.39 |  | $ | 0.60 |  | $ | 0.32 |
Diluted | $ | 0.67 |  | $ | 0.35 |  | $ | 0.52 |  | $ | 0.30 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic | 24,671 |  | 24,669 |  | 24,669 |  | 24,657 |
Diluted | 30,166 |  | 30,139 |  | 30,077 |  | 30,032 |
| December 31, 2015 | September 30, 2015 | June 30, 2015 | March 31, 2015
(In thousands, except per share amounts) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited)
Revenue | $ | 468,923 |  | $ | 363,457 |  | $ | 322,856 |  | $ | 263,159 |
Gross margin | $ | 94,816 |  | $ | 78,041 |  | $ | 70,261 |  | $ | 56,976 |
Net income to common shareholders (b) | $ | 12,056 |  | $ | 14,352 |  | $ | 12,131 |  | $ | 8,349 |
Earnings per common share: (c) |  |  |  |  |  |  |  |
Basic | $ | 0.49 |  | $ | 0.58 |  | $ | 0.49 |  | $ | 0.34 |
Diluted | $ | 0.43 |  | $ | 0.51 |  | $ | 0.43 |  | $ | 0.31 |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |
Basic | 24,649 |  | 24,605 |  | 24,531 |  | 24,514 |
Diluted | 30,107 |  | 30,067 |  | 30,023 |  | 29,975 |
(a) | Net income to common shareholders includes a $14.5 million charge for known and estimated future stucco-related repair costs in certain of our Florida communities (as more fully discussed in Note 8) taken during the third quarter of 2016 and $4.0 million of impairment charges taken during the fourth quarter of 2016.
(b) | Net income to common shareholders includes $7.8 million of early debt extinguishment charges and $3.6 million of impairment charges taken during the fourth quarter of 2015.
(c) | Due to rounding, the sum of quarterly results may not equal the total for the year. Additionally, quarterly and year-to-date computations of per share amounts are made independently.
We typically experience significant seasonality and quarter-to-quarter variability in our operating results. In general, homes delivered increase substantially in the second half of the year compared to the first half of the year as we sell more homes during the first and second quarters which results in more homes being delivered in the third and fourth quarters.

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