Results of Quarterly Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Results of Operations

The following table presents our unaudited quarterly financial data (in thousands, except per share amounts).

	First		Second		Third		Fourth
2019	Quarter		Quarter		Quarter		Quarter
Total revenues(1)	$	494,632	$	698,714	$	748,395	$	1,141,274
Cost of homes sales and other(2)	423,621		580,873		578,731		889,628
Gross margin	$	71,011	$	117,841	$	169,664	$	251,646
Net income	$	71	$	26,262	$	62,861	$	117,993
Net income attributable to noncontrolling interests	—		—		—		—
Net income available to common stockholders	$	71	$	26,262	$	62,861	$	117,993
Earnings per share
Basic	$	—	$	0.18	$	0.45	$	0.85
Diluted	$	—	$	0.18	$	0.44	$	0.85

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⁽¹⁾ Total revenues includes total homebuilding revenues and financial services revenue.

⁽²⁾ Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.

	First		Second		Third		Fourth
2018	Quarter		Quarter		Quarter		Quarter
Total revenues(1)	$	583,676	$	771,303	$	775,071	$	1,132,697
Cost of homes sales and other(2)	451,607		606,111		609,877		897,913
Gross margin	$	132,069	$	165,192	$	165,194	$	234,784
Net income	$	42,880	$	63,680	$	63,969	$	100,984
Net income attributable to noncontrolling interests	—		—		—		(1,602		)
Net income available to common stockholders	$	42,880	$	63,680	$	63,969	$	99,382
Earnings per share
Basic	$	0.28	$	0.42	$	0.43	$	0.70
Diluted	$	0.28	$	0.42	$	0.43	$	0.70

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⁽¹⁾ Total revenues includes total homebuilding revenues and financial services revenue.

⁽²⁾ Cost of homes sales and other includes cost of homes sales, cost of land and lot sales, and other operations expense.