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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Home closings revenue, net $ 812,185 $ 779,190 $ 2,271,154 $ 1,955,170
Land closings revenue 27,418 5,782 44,957 22,712
Mortgage operations revenue 13,814 11,316 36,951 28,794
Total revenues 853,417 796,288 2,353,062 2,006,676
Cost of home closings 658,507 635,935 1,852,724 1,594,691
Cost of land closings 8,179 3,919 20,497 13,152
Mortgage operations expenses 7,877 6,962 22,594 18,120
Total cost of revenues 674,563 646,816 1,895,815 1,625,963
Gross margin 178,854 149,472 457,247 380,713
Sales, commissions and other marketing costs 58,277 53,482 165,300 136,724
General and administrative expenses 29,944 25,264 91,078 70,171
Equity in (income)/loss of unconsolidated entities (1,646) 120 (4,734) (1,408)
Interest income, net (47) (33) (149) (165)
Other expense, net 1,935 2,393 8,602 11,625
Loss on extinguishment of debt 0 0 0 33,317
Gain on foreign currency forward 0 0 0 (29,983)
Income from continuing operations before income taxes 90,391 68,246 197,150 160,432
Income tax provision 31,707 22,452 66,698 54,434
Net income from continuing operations 58,684 45,794 130,452 105,998
Discontinued operations:        
Transaction expenses from discontinued operations 0 0 0 (9,043)
Gain on sale of discontinued operations 0 0 0 80,205
Income tax expense from discontinued operations 0 0 0 (14,500)
Net income from discontinued operations 0 0 0 56,662
Net income before allocation to non-controlling interests 58,684 45,794 130,452 162,660
Net income attributable to non-controlling interests — joint ventures (376) (138) (856) (1,427)
Net income before non-controlling interests — Principal Equityholders 58,308 45,656 129,596 161,233
Net income from continuing operations attributable to non-controlling interests — Principal Equityholders (43,471) (33,312) (96,261) (76,470)
Net income from discontinued operations attributable to non-controlling interests — Principal Equityholders 0 0 0 (41,381)
Net income available to Taylor Morrison Home Corporation $ 14,837 $ 12,344 $ 33,335 $ 43,382
Earnings per common share - basic:        
Income from continuing operations (usd per share) $ 0.49 $ 0.37 $ 1.07 $ 0.85
Income from discontinued operations - net of tax (usd per share) 0.00 0.00 0.00 0.46
Net income available to Taylor Morrison Home Corporation (usd per share) 0.49 0.37 1.07 1.31
Earnings per common share - diluted:        
Income from continuing operations (usd per share) 0.49 0.37 1.07 0.85
Income from discontinued operations - net of tax (usd per share) 0.00 0.00 0.00 0.46
Net income available to Taylor Morrison Home Corporation (usd per share) $ 0.49 $ 0.37 $ 1.07 $ 1.31
Weighted average number of shares of common stock:        
Basic (in shares) 30,427 33,122 31,300 33,088
Diluted (in shares) 120,103 122,458 120,870 122,412