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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Home closings revenue, net $ 886,249 $ 812,185 $ 2,526,830 $ 2,271,154
Land closings revenue 4,299 27,418 11,419 44,957
Mortgage operations revenue 17,479 13,814 47,362 36,951
Total revenues 908,027 853,417 2,585,611 2,353,062
Cost of home closings 721,637 658,507 2,062,437 1,852,724
Cost of land closings 3,002 8,179 7,869 20,497
Mortgage operations expenses 12,070 7,877 30,874 22,594
Total cost of revenues 736,709 674,563 2,101,180 1,895,815
Gross margin 171,318 178,854 484,431 457,247
Sales, commissions and other marketing costs 61,476 58,277 178,609 165,300
General and administrative expenses 33,374 29,944 100,396 91,078
Equity in income of unconsolidated entities (2,787) (1,646) (6,943) (4,734)
Interest income, net (135) (47) (314) (149)
Other expense, net 415 1,935 828 8,602
Income/(loss) before income taxes 78,975 90,391 211,855 197,150
Income tax provision 24,282 31,707 65,631 66,698
Net income before allocation to non-controlling interests 54,693 58,684 146,224 130,452
Net income attributable to non-controlling interests — joint ventures (427) (376) (625) (856)
Net income before non-controlling interests — Principal Equityholders 54,266 58,308 145,599 129,596
Net income attributable to non-controlling interests — Principal Equityholders (21,390) (43,471) (76,810) (96,261)
Net income available to Taylor Morrison Home Corporation $ 32,876 $ 14,837 $ 68,789 $ 33,335
Earnings per common share        
Basic (usd per share) $ 0.45 $ 0.49 $ 1.21 $ 1.07
Diluted (usd per share) $ 0.45 $ 0.49 $ 1.21 $ 1.07
Weighted average number of shares of common stock:        
Basic (in shares) 72,471 30,427 56,791 31,300
Diluted (in shares) 121,183 120,103 120,991 120,870