Supplementary Financial Data Supplementary Financial Data (Tables)

12 Months Ended

Dec. 31, 2019

Supplementary Financial Data [Abstract]

Supplemental Financial Data [Table Text Block]

The following tables set forth our selected consolidated financial and operating data for the quarterly periods indicated.



	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
(In thousands, except per share amounts)	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenue	$	481,109	$	623,686	$	653,345	$	742,150
Gross margin ^(a)	$	92,642	$	119,829	$	134,181	$	142,775
Net income to common shareholders ^(a)	$	17,723	$	30,246	$	37,838	$	41,780
Earnings per common share:^(c)
Basic	$	0.64	$	1.10	$	1.35	$	1.48
Diluted	$	0.63	$	1.08	$	1.32	$	1.44
Weighted average common shares outstanding:
Basic	27,498		27,599		27,981		28,297
Diluted	27,970		28,090		28,598		29,049

	March 31, 2018		June 30, 2018		September 30, 2018		December 31, 2018
	March 31, 2018		June 30, 2018		September 30, 2018		December 31, 2018
(In thousands, except per share amounts)	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Revenue	$	437,857	$	558,098	$	567,842	$	722,485
Gross margin^(b)	$	89,155	$	108,762	$	115,813	$	130,039
Net income to common shareholders ^(b)	$	18,063	$	27,911	$	29,282	$	32,407
Earnings per common share:^(c)
Basic	$	0.64	$	0.98	$	1.03	$	1.17
Diluted	$	0.60	$	0.96	$	1.01	$	1.15
Weighted average common shares outstanding:
Basic	28,124		28,571		28,469		27,774
Diluted	30,544		29,101		28,906		28,181

(a)

Gross margin and net income to common shareholders include $0.4 million, $0.1 million and $0.1 million of charges related to acquisition-related charges taken during 2019 as a result of our acquisition of Pinnacle Homes in Detroit, Michigan on March 1, 2018 (as more fully discussed in Note 12 to our Consolidated Financial Statements) taken during the first, second and third quarters of 2019, respectively, and $5.0 million of impairment charges taken during the fourth quarter of 2019.

(b)

Gross margin and net income to common shareholders include $0.9 million, $3.0 million, $0.7 million and $0.6 million of charges related to acquisition-related charges taken during 2018 as a result of our acquisition of Pinnacle Homes on March 1, 2018 taken during the first, second, third and fourth quarters of 2018, respectively, and $5.8 million of impairment charges taken during the fourth quarter of 2018.

(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.