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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenue $ 455,864 $ 373,368
Operating costs    
Sales and marketing (25,277) (22,693)
General and administrative (29,126) (24,521)
Transaction expenses   (3,130)
Other (344) (298)
Total operating costs (437,760) (358,933)
Operating income (loss) 18,104 14,435
Equity in income of unconsolidated joint ventures 912 932
Other income (loss), net 631 35
Income before extinguishment of debt 19,647 15,402
Gain on extinguishment of debt 383 0
Income (loss) before provision for income taxes 20,030 15,402
Provision for income taxes (4,896) (2,814)
Net income (loss) 15,134 12,588
Less: Net income attributable to noncontrolling interests (7,015) (4,260)
Net income available to common stockholders $ 8,119 $ 8,328
Income per common share:    
Basic (in USD per share) $ 0.22 $ 0.22
Diluted (in USD per share) $ 0.21 $ 0.21
Weighted average common shares outstanding:    
Basic (in shares) 37,610,766 37,931,256
Diluted (in shares) 38,755,113 39,855,683
Home sales    
Operating revenue $ 453,775 $ 372,385
Operating costs    
Cost of goods and services sold 381,044 307,308
Construction services    
Operating revenue 2,089 983
Operating costs    
Cost of goods and services sold $ 1,969 $ 983