XML 47 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Homebuilding $ 637,046 $ 566,244 $ 1,142,045 $ 1,047,729
Financial services 16,589 11,145 28,989 19,343
TOTAL REVENUES 653,635 577,389 1,171,034 1,067,072
EXPENSES        
Cost of sales 507,036 446,191 912,327 826,190
Selling, general and administrative 69,278 67,020 133,448 129,814
Financial services 7,895 13,079 15,229 22,688
TOTAL EXPENSES 584,209 526,290 1,061,004 978,692
OTHER (EXPENSE) INCOME        
Gain from marketable securities, net 173 429 318 833
Other (expense) income (3,055) 675 (2,463) 1,160
TOTAL OTHER (EXPENSE) INCOME (2,882) 1,104 (2,145) 1,993
Income before taxes 66,544 52,203 107,885 90,373
Tax expense 23,942 20,161 38,826 34,804
NET INCOME $ 42,602 $ 32,042 $ 69,059 $ 55,569
NET INCOME PER COMMON SHARE        
Basic (in dollars per share) $ 0.91 $ 0.68 $ 1.48 $ 1.19
Diluted (in dollars per share) $ 0.75 $ 0.57 $ 1.22 $ 0.99
AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 46,706,437 46,914,902 46,579,660 46,747,403
Diluted (in shares) 58,273,600 58,430,828 58,174,063 58,312,226
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06