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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenue $ 1,896,019 $ 1,699,752
Total cost of revenue 1,432,745 1,282,907
Gross margin 463,274 416,845
Sales, commissions and other marketing costs 109,076 102,600
General and administrative expenses 67,548 67,564
Net income from unconsolidated entities (1,975) (2,751)
Interest expense/(income), net 8,499 (43)
Other expense, net 1,557 595
Income before income taxes 278,569 248,880
Income tax provision 64,838 57,719
Net income before allocation to non-controlling interests 213,731 191,161
Net income attributable to non-controlling interests (265) (891)
Net income $ 213,466 $ 190,270
Earnings per common share:    
Basic (in dollars per share) $ 2.11 $ 1.79
Diluted (in dollars per share) $ 2.07 $ 1.75
Weighted average number of shares of common stock:    
Basic (in shares) 101,245 106,457
Diluted (in shares) 103,017 108,564
Home closings revenue, net    
Total revenue $ 1,830,068 $ 1,636,255
Total cost of revenue 1,391,360 1,243,209
Gross margin 438,708 393,046
Land closings revenue    
Total revenue 4,261 7,225
Total cost of revenue 3,489 5,202
Financial services revenue, net    
Total revenue 51,193 46,959
Total cost of revenue 28,321 25,143
Amenity and other revenue    
Total revenue 10,497 9,313
Total cost of revenue $ 9,575 $ 9,353