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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Data [Abstract] |
Quarterly Financial Information [Text Block] | NOTE 18. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) Our operating results for any quarter are not necessarily indicative of results for any future quarters or for a full year. The residential real estate market is seasonal and varies from market to market. Typically, the greatest number of transactions occur in the spring and summer, with fewer transactions occurring in the fall and winter. Our financial results, including revenue, margins, inventory, and financing costs, have historically had seasonal characteristics generally consistent with the residential real estate market, a trend we expect to continue in the future. The following summarizes our unaudited quarterly results of operations for each of the fiscal quarters in 2021 and 2020 and should be read in conjunction with other information included in our consolidated financial statements and related notes. We have prepared the unaudited information on the same basis as our audited consolidated financial statements. This table includes all adjustments, consisting of normal recurring adjustments that we consider necessary for a fair presentation of our consolidated financial position and operating results for the quarters presented.
|  | 2021 |
(In thousands, except per share data, unaudited) |  | December 31 |  |  | September 30 |  |  | June 30 |  |  | March 31 |
Revenue |  | $ | 867,540 |  |  | $ | 540,287 |  |  | $ | 378,647 |  |  | $ | 283,972 |
Gross profit |  |  | 70,292 |  |  |  | 53,122 |  |  |  | 50,864 |  |  |  | 33,537 |
Income from operations |  |  | 3,335 |  |  |  | 3,458 |  |  |  | 11,529 |  |  |  | 1,444 |
Net income (loss) |  |  | 12,806 |  |  |  | (15,303 | ) |  |  | 9,190 |  |  |  | (233 | )
Net income (loss) per share, basic (1) |  | $ | 0.05 |  |  | $ | (0.13 | ) |  | $ | 0.15 |  |  | $ | 0.00 |
Net income (loss) per share, diluted (1) |  | $ | 0.05 |  |  | $ | (0.13 | ) |  | $ | 0.04 |  |  | $ | 0.00 |
|  | 2020 |
(In thousands, except per share data, unaudited) |  | December 31 |  |  | September 30 |  |  | June 30 |  |  | March 31 |
Revenue |  | $ | 223,230 |  |  | $ | 186,365 |  |  | $ | 287,007 |  |  | $ | 367,655 |
Gross profit |  |  | 25,255 |  |  |  | 19,765 |  |  |  | 17,861 |  |  |  | 24,898 |
Income (loss) from operations |  |  | 424 |  |  |  | (1,921 | ) |  |  | (5,240 | ) |  |  | (7,021 | )
Net loss |  |  | (1,319 | ) |  |  | (2,944 | ) |  |  | (7,390 | ) |  |  | (11,465 | )
Net loss per share, basic (1) |  | $ | (0.02 | ) |  | $ | (0.05 | ) |  | $ | (0.13 | ) |  | $ | (0.20 | )
Net loss per share, diluted (1) |  | $ | (0.02 | ) |  | $ | (0.05 | ) |  | $ | (0.13 | ) |  | $ | (0.20 | )
(1) Basic and diluted net income (loss) per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly basic and diluted net income (loss) per share may not equal annual basic and diluted income (loss) per share.

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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