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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenue        
Home sales $ 490,304 $ 342,628 $ 1,171,791 $ 928,982
Construction services 35 86 94 3,810
Operating revenue 490,339 342,714 1,171,885 932,792
Operating costs        
Cost of sales — homes (401,700) (285,896) (973,212) (769,705)
Construction services (35) (86) (41) (3,458)
Sales and marketing (21,935) (18,246) (57,924) (51,351)
General and administrative (22,951) (17,360) (61,447) (51,879)
Other (548) 198 (1,548) (612)
Total operating costs (447,169) (321,390) (1,094,172) (877,005)
Operating income (loss) 43,170 21,324 77,713 55,787
Equity in income of unconsolidated joint ventures 1,160 1,435 2,622 3,810
Other (loss) income, net (365) 2,050 (12) 2,803
Income before extinguishment of debt 43,965 24,809 80,323 62,400
Loss on extinguishment of debt 0 0 (21,828) 0
Income (loss) before provision for income taxes 43,965 24,809 58,495 62,400
Provision for income taxes (13,905) (8,295) (17,480) (20,859)
Net income (loss) 30,060 16,514 41,015 41,541
Less: Net income attributable to noncontrolling interests (2,642) (3,445) (4,643) (4,897)
Net income available to common stockholders $ 27,418 $ 13,069 $ 36,372 $ 36,644
Income per common share:        
Basic (in USD per share) $ 0.74 $ 0.36 $ 0.98 $ 1.00
Diluted (in USD per share) $ 0.71 $ 0.34 $ 0.95 $ 0.96
Weighted average common shares outstanding:        
Basic (in shares) 37,059,483 36,801,464 37,007,144 36,746,727
Diluted (in shares) 38,583,341 38,333,027 38,381,292 38,314,021