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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Financial services revenue $ 17,041 $ 17,479 $ 47,513 $ 47,362
Total revenues 1,036,379 908,027 2,769,540 2,585,611
Financial services expenses 10,451 12,070 31,647 30,874
Total cost of revenues 837,380 736,709 2,248,728 2,101,180
Gross margin 198,999 171,318 520,812 484,431
Sales, commissions and other marketing costs 67,504 61,476 185,806 178,609
General and administrative expenses 33,016 33,374 101,795 100,396
Equity in income of unconsolidated entities (2,514) (2,787) (9,777) (6,943)
Interest income, net (670) (135) (1,289) (314)
Other expense, net 798 415 4,889 828
Income/(loss) before income taxes 100,865 78,975 239,388 211,855
Income tax provision 6,424 24,282 38,123 65,631
Net income before allocation to non-controlling interests 94,441 54,693 201,265 146,224
Net income attributable to non-controlling interests — joint ventures (159) (427) (428) (625)
Net income before non-controlling interests 94,282 54,266 200,837 145,599
Net income attributable to non-controlling interests (714) (21,390) (4,391) (76,810)
Net income available to Taylor Morrison Home Corporation $ 93,568 $ 32,876 $ 196,446 $ 68,789
Earnings per common share        
Basic (usd per share) $ 0.84 $ 0.45 $ 1.75 $ 1.21
Diluted (usd per share) $ 0.83 $ 0.45 $ 1.73 $ 1.21
Weighted average number of shares of common stock:        
Basic (in shares) 111,396 72,471 112,449 56,791
Diluted (in shares) 113,440 121,183 116,378 120,991
Home closings        
Home/land closings revenue $ 1,014,168 $ 886,249 $ 2,703,692 $ 2,526,830
Cost of home/land closings 822,950 721,637 2,202,377 2,062,437
Land closings        
Home/land closings revenue 5,170 4,299 18,335 11,419
Cost of home/land closings $ 3,979 $ 3,002 $ 14,704 $ 7,869