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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Inventory impairments $ (4,550) $ (13,500) $ (10,450) $ (21,300)
Transaction costs (27,561) 0 (38,266) 0
Total pretax income 43,401 113,050 169,641 222,019
Provision for income taxes (18,267) (19,557) (48,688) (47,826)
Net income 25,134 93,493 120,953 174,193
Other comprehensive income net of tax:        
Unrealized gain (loss) related to available-for-sale debt securities 20 (233) (27) 90
Other comprehensive income (loss) 20 (233) (27) 90
Comprehensive income (loss) 25,154 93,260 120,926 174,283
Homebuilding:        
Revenues 1,411,446 1,103,470 2,736,648 2,123,486
Home cost of sales (1,151,575) (908,991) (2,238,891) (1,749,738)
Inventory impairments (4,550) (13,500) (10,450) (21,300)
Total cost of sales (1,156,125) (922,491) (2,249,341) (1,771,038)
Gross profit 255,321 180,979 487,307 352,448
Selling, general and administrative expenses (216,546) (106,733) (350,696) (201,721)
Interest and other income 12,156 17,939 34,573 31,398
Other income (expense) (2,612) (127) (3,584) 932
Total pretax income $ 20,758 $ 92,058 $ 129,334 $ 183,057
Other comprehensive income net of tax:        
Revenue from Contract with Customer, Product and Service [Extensible List] Home Sales Home Sales Home Sales Home Sales
Financial Services:        
Revenues $ 37,580 $ 32,619 $ 68,932 $ 62,105
Expenses (20,219) (15,487) (38,723) (30,737)
Other income, net 5,282 3,860 10,098 7,594
Total pretax income $ 22,643 $ 20,992 $ 40,307 $ 38,962
Other comprehensive income net of tax:        
Revenue from Contract with Customer, Product and Service [Extensible List] Financial Revenue Financial Revenue Financial Revenue Financial Revenue