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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 1,154,924 $ 837,329 $ 2,094,326 $ 1,616,990
Income before income taxes 159,229 83,443 289,809 186,650
Provision for income taxes (41,227) (21,472) (72,811) (48,822)
Net income 118,002 61,971 216,998 137,828
Net income attributable to noncontrolling interests 0 (1,247) 59 (2,362)
Net income available to common stockholders $ 118,002 $ 60,724 $ 217,057 $ 135,466
Earnings per share        
Basic (in dollars per share) $ 1.25 $ 0.61 $ 2.29 $ 1.35
Diluted (in dollars per share) $ 1.25 $ 0.60 $ 2.28 $ 1.34
Weighted average shares outstanding        
Basic (in shares) 94,059,037 99,598,933 94,645,676 100,305,168
Diluted (in shares) 94,740,019 100,634,964 95,305,469 101,184,993
Homebuilding Segment        
Revenues $ 1,137,950 $ 826,959 $ 2,064,158 $ 1,597,744
Other operations expense 765 782 1,530 1,447
Sales and marketing 56,804 43,241 107,028 85,103
General and administrative 67,747 54,224 119,075 100,590
Homebuilding income from operations 143,112 69,343 253,942 161,674
Equity in income of unconsolidated entities 99 42 156 269
Other income, net 9,934 11,093 25,160 18,697
Homebuilding income before income taxes 153,145 80,478 279,258 180,640
Income before income taxes 153,145 80,478 279,258 180,640
Financial services        
Revenues 16,974 10,370 30,168 19,246
Expenses 10,890 7,405 19,617 13,236
Financial services income before income taxes 6,084 2,965 10,551 6,010
Income before income taxes 6,084 2,965 10,551 6,010
Home sales revenue | Homebuilding Segment        
Revenues 1,133,008 819,077 2,051,361 1,587,482
Cost of home, land and lot sales 865,681 651,999 1,572,985 1,240,117
Land and lot sales revenue | Homebuilding Segment        
Revenues 4,160 7,086 11,228 8,792
Cost of home, land and lot sales 3,841 7,370 9,598 8,813
Other operations revenue | Homebuilding Segment        
Revenues $ 782 $ 796 $ 1,569 $ 1,470