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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenue        
Home sales $ 422,633 $ 325,059 $ 681,487 $ 586,354
Construction services 59 594 59 3,724
Operating revenue 422,692 325,653 681,546 590,078
Operating costs        
Cost of sales — homes (353,057) (268,638) (571,512) (483,809)
Construction services (6) (548) (6) (3,372)
Sales and marketing (21,284) (18,112) (35,989) (33,105)
General and administrative (19,550) (16,685) (38,496) (34,519)
Other (560) (487) (1,000) (810)
Total operating costs (394,457) (304,470) (647,003) (555,615)
Operating income (loss) 28,235 21,183 34,543 34,463
Equity in income of unconsolidated joint ventures 1,213 1,194 1,462 2,375
Other income, net 8 228 353 753
Income before extinguishment of debt 29,456 22,605 36,358 37,591
Loss on extinguishment of debt 0 0 (21,828) 0
Income (loss) before provision for income taxes 29,456 22,605 14,530 37,591
Provision for income taxes (9,205) (7,519) (3,575) (12,564)
Net income (loss) 20,251 15,086 10,955 25,027
Less: Net income attributable to noncontrolling interests (1,297) (525) (2,001) (1,452)
Net income available to common stockholders $ 18,954 $ 14,561 $ 8,954 $ 23,575
Income per common share:        
Basic (in USD per share) $ 0.51 $ 0.40 $ 0.24 $ 0.64
Diluted (in USD per share) $ 0.49 $ 0.38 $ 0.23 $ 0.62
Weighted average common shares outstanding:        
Basic (in shares) 37,051,967 36,786,268 36,980,540 36,719,057
Diluted (in shares) 38,298,624 38,356,722 38,231,201 38,302,047