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Results of Quarterly Operations | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Results of Quarterly Operations | Results of Quarterly Operations (Unaudited) The following table presents our unaudited quarterly financial data (in thousands, except per share amounts).
| First |  | Second |  | Third |  | Fourth
2018 | Quarter |  | Quarter |  | Quarter |  | Quarter
Total revenues(1) | $ | 583,676 |  |  | $ | 771,303 |  |  | $ | 775,071 |  |  | $ | 1,132,697 |
Cost of homes sales and other(2) | 451,607 |  |  | 606,111 |  |  | 609,877 |  |  | 897,913 |
Gross margin | $ | 132,069 |  |  | $ | 165,192 |  |  | $ | 165,194 |  |  | $ | 234,784 |
Net income | $ | 42,880 |  |  | $ | 63,680 |  |  | $ | 63,969 |  |  | $ | 100,984 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | (1,602 | )
Net income available to common stockholders | $ | 42,880 |  |  | $ | 63,680 |  |  | $ | 63,969 |  |  | $ | 99,382 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.70 |
Diluted | $ | 0.28 |  |  | $ | 0.42 |  |  | $ | 0.43 |  |  | $ | 0.70 |
__________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.
| First |  | Second |  | Third |  | Fourth
2017 | Quarter |  | Quarter |  | Quarter |  | Quarter
Total revenues(1) | $ | 393,391 |  |  | $ | 570,626 |  |  | $ | 717,735 |  |  | $ | 1,128,520 |
Cost of homes sales and other(2) | 319,618 |  |  | 455,476 |  |  | 534,494 |  |  | 880,849 |
Gross margin | $ | 73,773 |  |  | $ | 115,150 |  |  | $ | 183,241 |  |  | $ | 247,671 |
Net income | $ | 8,217 |  |  | $ | 32,803 |  |  | $ | 72,289 |  |  | $ | 74,242 |
Net income attributable to noncontrolling interests | (24 | ) |  | (89 | ) |  | (25 | ) |  | (222 | )
Net income available to common stockholders | $ | 8,193 |  |  | $ | 32,714 |  |  | $ | 72,264 |  |  | $ | 74,020 |
Earnings per share |  |  |  |  |  |  |
Basic | $ | 0.05 |  |  | $ | 0.21 |  |  | $ | 0.48 |  |  | $ | 0.49 |
Diluted | $ | 0.05 |  |  | $ | 0.21 |  |  | $ | 0.48 |  |  | $ | 0.49 |
__________ (1) Total revenues includes total homebuilding revenues and financial services revenue. (2) Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense. Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts for the quarter may not agree with per share amounts for the year.

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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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