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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Home closings revenue, net $ 889,096 $ 829,882 $ 1,640,581 $ 1,458,969
Land closings revenue 3,764 10,936 7,120 17,540
Mortgage operations revenue 15,634 13,498 29,883 23,136
Total revenues 908,494 854,316 1,677,584 1,499,645
Cost of home closings 724,505 679,685 1,340,800 1,194,217
Cost of land closings 2,467 6,686 4,867 12,318
Mortgage operations expenses 10,102 8,193 18,804 14,717
Total cost of revenues 737,074 694,564 1,364,471 1,221,252
Gross margin 171,420 159,752 313,113 278,393
Sales, commissions and other marketing costs 61,516 59,182 117,133 107,023
General and administrative expenses 33,894 31,710 67,022 61,134
Equity in income of unconsolidated entities (3,071) (2,305) (4,156) (3,087)
Interest income, net (89) (15) (179) (102)
Other expense, net 764 3,412 413 6,666
Income before income taxes 78,406 67,768 132,880 106,759
Income tax provision 22,476 22,104 41,349 34,991
Net income before allocation to non-controlling interests 55,930 45,664 91,531 71,768
Net income attributable to non-controlling interests — joint ventures (207) (296) (198) (480)
Net income before non-controlling interests — Principal Equityholders 55,723 45,368 91,333 71,288
Net income attributable to non-controlling interests — Principal Equityholders (28,322) (33,683) (54,164) (52,790)
Net income available to Taylor Morrison Home Corporation $ 27,401 $ 11,685 $ 37,169 $ 18,498
Earnings per common share        
Basic (usd per share) $ 0.46 $ 0.37 $ 0.76 $ 0.58
Diluted (usd per share) $ 0.46 $ 0.37 $ 0.76 $ 0.58
Weighted average number of shares of common stock:        
Basic (in shares) 58,977 31,574 48,822 31,742
Diluted (in shares) 121,061 121,052 120,895 121,217