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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Inventory impairments $ (6,300) $ (6,200) $ (16,750) $ (27,500)
Transaction costs (329) 0 (38,595) 0
Total pretax income 155,680 139,807 325,321 361,826
Provision for income taxes (22,143) (32,502) (70,831) (80,328)
Net income 133,537 107,305 254,490 281,498
Other comprehensive income net of tax:        
Unrealized gain (loss) related to available-for-sale debt securities 21 1 (6) 91
Other comprehensive income (loss) 21 1 (6) 91
Comprehensive income (loss) 133,558 107,306 254,484 281,589
Homebuilding:        
Revenues 1,386,655 1,087,050 4,123,303 3,210,536
Home cost of sales (1,133,532) (872,624) (3,372,423) (2,622,362)
Inventory impairments (6,300) (6,200) (16,750) (27,500)
Total cost of sales (1,139,832) (878,824) (3,389,173) (2,649,862)
Gross profit 246,823 208,226 734,130 560,674
Selling, general and administrative expenses (129,096) (101,311) (479,792) (303,032)
Interest and other income 11,115 20,414 45,688 51,812
Other income (expense) (739) 55 (4,323) 987
Total pretax income $ 127,774 $ 127,384 $ 257,108 $ 310,441
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 $ 43,357 $ 23,769 $ 112,289 $ 85,874
Expenses (21,010) (15,494) (59,733) (46,231)
Other income, net 5,559 4,148 15,657 11,742
Total pretax income $ 27,906 $ 12,423 $ 68,213 $ 51,385
Other comprehensive income net of tax:        
Revenue from Contract with Customer, Product and Service [Extensible List] Financial Revenue Financial Revenue Financial Revenue Financial Revenue