XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 401,247 $ 322,856 $ 725,617 $ 586,015
Costs and Expenses [Abstract]        
Land and housing 319,708 252,595 579,880 458,778
General and administrative 26,830 21,705 49,089 41,039
Selling 25,533 22,935 47,799 40,621
Equity in income of unconsolidated joint ventures (82) (14) (389) (212)
Interest 4,308 3,750 9,573 8,212
Total costs and expenses 376,297 300,971 685,952 548,438
Income before income taxes 24,950 21,885 39,665 37,577
Provision for income taxes 9,034 8,535 14,560 14,659
Net income 15,916 13,350 25,105 22,918
Preferred Dividends 1,219 1,219 2,438 2,438
Net income to common shareholders $ 14,697 $ 12,131 $ 22,667 $ 20,480
Earnings per common share:        
Basic $ 0.60 $ 0.49 $ 0.92 $ 0.84
Diluted $ 0.52 $ 0.43 $ 0.81 $ 0.74
Weighted Average Number of Shares Outstanding [Abstract]        
Basic 24,669 24,531 24,663 24,523
Diluted 30,077 30,023 30,055 30,002