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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating revenue        
Home sales $ 342,628 $ 244,311 $ 928,982 $ 681,766
Construction services 86 4,896 3,810 19,304
Operating revenue 342,714 249,207 932,792 701,070
Operating costs        
Cost of sales — homes (285,896) (200,328) (769,705) (554,657)
Construction services (86) (4,146) (3,458) (16,073)
Sales and marketing (18,246) (15,352) (51,351) (42,480)
General and administrative (17,360) (13,981) (51,879) (41,344)
Amortization of intangible assets 0 (45) 0 (710)
Other 198 (592) (612) (1,549)
Total operating costs (321,390) (234,444) (877,005) (656,813)
Operating income (loss) 21,324 14,763 55,787 44,257
Equity in income of unconsolidated joint ventures 1,435 1,018 3,810 1,781
Other income, net 2,050 1,452 2,803 2,875
Income (loss) before provision for income taxes 24,809 17,233 62,400 48,913
Provision for income taxes (8,295) (4,956) (20,859) (15,780)
Net income (loss) 16,514 12,277 41,541 33,133
Less: Net income attributable to noncontrolling interests (3,445) (195) (4,897) (2,092)
Net income available to common stockholders $ 13,069 $ 12,082 $ 36,644 $ 31,041
Income per common share:        
Basic (in USD per share) $ 0.36 $ 0.33 $ 1.00 $ 0.85
Diluted (in USD per share) $ 0.34 $ 0.31 $ 0.96 $ 0.81
Weighted average common shares outstanding:        
Basic (in shares) 36,801,464 36,573,099 36,746,727 36,534,554
Diluted (in shares) 38,333,027 38,507,267 38,314,021 38,400,236