Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Other Expense, Net

Other expense, net consists of the following ($000’s omitted): 

	2020		2019		2018
Write-offs of deposits and pre-acquisition costs (Note 2)	$	(12,390)	$	(13,116)	$	(16,992)
Amortization of intangible assets (Note 1)	(19,685)		(14,200)		(13,800)
Loss on debt retirement (Note 5)	—		(4,927)		(76)
Interest income	6,837		16,739		7,593
Interest expense	(4,248)		(584)		(618)
Equity in earnings of unconsolidated entities (Note 4)	1,880		747		2,690
Miscellaneous, net	9,780		1,865		7,354
Total other expense, net	$	(17,826)	$	(13,476)	$	(13,849)

Schedule of Earnings Per Share of Common Stock

The following table presents a reconciliation of the numerator used in our earnings per common share calculation ($000's omitted):

	December 31, 2020		December 31, 2019		December 31, 2018
Numerator:
Net income	$	1,406,839	$	1,016,700	$	1,022,023
Less: earnings distributed to participating securities	(1,106)		(1,228)		(1,208)
Less: undistributed earnings allocated to participating securities	(11,348)		(9,143)		(9,984)
Numerator for basic earnings per share	$	1,394,385	$	1,006,329	$	1,010,831
Add: undistributed earnings allocated to participating securities	11,348		9,143		9,984
Less: undistributed earnings reallocated to participating securities	(11,312)		(9,117)		(9,939)
Numerator for diluted earnings per share	$	1,394,421	$	1,006,355	$	1,010,876

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements ($000’s omitted):  

	December 31, 2020				December 31, 2019
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	126,900	$	1,586,551	$	123,775	$	1,466,585
Other land options	164,964		2,187,017		175,662		1,755,377
	$	291,864	$	3,773,568	$	299,437	$	3,221,962

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments and their location in the Consolidated Balance Sheets are summarized below ($000’s omitted):

 

	December 31, 2020				December 31, 2019
	Other Assets		Other Liabilities		Other Assets		Other Liabilities
Interest rate lock commitments	$	16,179	$	18	$	8,351	$	149
Forward contracts	501		5,937		299		1,372
Whole loan commitments	168		666		880		284
	$	16,848	$	6,621	$	9,530	$	1,805