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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Total revenues $ 818,596,000 $ 678,371,000
Homebuilding:    
Revenues 816,246,000 675,742,000
Construction and land costs (698,080,000) (568,818,000)
Selling, general and administrative expenses (92,889,000) (87,932,000)
Operating income 25,277,000 18,992,000
Interest income 198,000 152,000
Interest expense [1] (6,307,000) (3,697,000)
Equity in income (loss) of unconsolidated joint ventures 760,000 (1,190,000)
Total pretax income (loss) 21,459,000 16,027,000
Financial services:    
Revenues 2,350,000 2,629,000
Expenses (819,000) (859,000)
Income tax expense [2] (7,200,000) (2,900,000)
Net income $ 14,259,000 $ 13,127,000
Earnings Per Share, Basic (in dollars per share) $ 0.17 $ 0.15
Earnings Per Share, Diluted (in dollars per share) $ 0.15 $ 0.14
Weighted average shares outstanding — basic (in shares) 85,122 89,239
Weighted average shares outstanding — diluted (in shares) 96,273 99,427
Cash dividends declared per common share (in dollars per share) $ 0.0250 $ 0.0250
Homebuilding [Member]    
Homebuilding:    
Equity in income (loss) of unconsolidated joint ventures $ 731,000 $ (603,000)
Total pretax income (loss) 19,899,000 14,844,000
Financial services [Member]    
Homebuilding:    
Operating income 1,531,000 1,770,000
Equity in income (loss) of unconsolidated joint ventures 29,000 (587,000)
Total pretax income (loss) $ 1,560,000 $ 1,183,000
[1] The amount for the three months ended February 28, 2017 included a charge of $5.7 million for the early extinguishment of debt
[2] (a) Amounts reflect the favorable net impact of federal energy tax credits we earned from building energy-efficient homes. The net impact of these tax credits was $1.1 million and $3.3 million for the three months ended February 28, 2017 and February 29, 2016, respectively.