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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues $ 4,642,866 $ 5,717,987 $ 5,254,668
Inventory impairments (29,700) (121,875) (1,600)
Loss on debt retirement 0 0 (23,571)
Income before income taxes 526,105 759,854 751,694
Provision for income taxes (125,100) (197,715) (178,037)
Net income 401,005 562,139 573,657
Other comprehensive income net of tax:      
Unrealized gain related to available-for-sale debt securities 51 0 0
Other comprehensive income 51 0 0
Comprehensive income $ 401,056 $ 562,139 $ 573,657
Earnings per share:      
Basic ( in dollars per share) $ 5.42 $ 7.87 $ 8.13
Diluted (in dollars per share) $ 5.29 $ 7.67 $ 7.83
Weighted average common shares outstanding:      
Basic (in shares) 73,505,508 71,035,558 70,174,281
Diluted (in shares) 75,357,965 72,943,844 72,854,601
Homebuilding:      
Revenues $ 4,520,296 $ 5,586,264 $ 5,102,456
Home cost of sales (3,684,487) (4,214,379) (3,924,093)
Inventory impairments (29,700) (121,875) (1,600)
Total cost of sales (3,714,187) (4,336,254) (3,925,693)
Gross margin 806,109 1,250,010 1,176,763
Selling, general and administrative expenses (429,894) (536,395) (493,993)
Loss on debt retirement 0 0 (23,571)
Interest and other income 73,567 10,843 5,965
Other income (expense), net 350 (32,991) (5,476)
Other income (expense), net 73,567 10,843 5,965
Income before income taxes $ 450,132 $ 691,467 $ 659,688
Weighted average common shares outstanding:      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Home Sales Home Sales Home Sales
Financial Services:      
Revenues $ 122,570 $ 131,723 $ 152,212
Expenses (62,942) (71,327) (64,477)
Other income (expense), net 16,345 7,991 4,271
Income before income taxes $ 75,973 $ 68,387 $ 92,006
Weighted average common shares outstanding:      
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Financial Revenue Financial Revenue Financial Revenue