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Consolidated Statements of Operations - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 13, 2014
Dec. 31, 2016
Dec. 31, 2015
Homebuilding:      
Home sale revenues $ 2,366,754 $ 6,354,869 $ 3,449,047
Land sale revenues 44,424 33,171 47,364
Total revenues 2,411,178 6,388,040 3,496,411
Cost of home sales (1,748,954) (4,967,278) (2,676,666)
Cost of land sales (43,841) (30,132) (43,274)
Total cost of sales (1,792,795) (4,997,410) (2,719,940)
Gross margin 618,383 1,390,630 [1] 776,471 [1]
Selling, general and administrative expenses (275,861) (664,459) (390,710)
Income (loss) from unconsolidated joint ventures (668) 4,057 1,966
Other income (expense) (1,733) (16,726) (62,177)
Homebuilding pretax income 340,121 713,502 325,550
Financial Services:      
Revenues 25,320 88,695 43,702
Expenses (15,477) (49,081) (26,763)
Financial services pretax income 9,843 39,614 16,939
Income before taxes 349,964 753,116 342,489
Provision for income taxes (134,099) (268,386) (128,980)
Net income 215,865 484,730 [1] 213,509 [1]
Less: Net income allocated to preferred shareholder (51,650) (32,997)
Less: Net income allocated to unvested restricted stock (297) (1,168) (369)
Net income available to common stockholders $ 163,918 $ 483,562 $ 180,143
Income per common share:      
Basic (in dollars per share) $ 2.94 $ 4.09 [1] $ 2.51 [1]
Diluted (in dollars per share) $ 2.68 $ 3.60 [1] $ 2.26 [1]
Weighted average common shares outstanding:      
Basic (in shares) 55,737,548 118,212,740 71,713,747
Diluted (in shares) 63,257,082 135,984,985 81,512,953
Weighted average additional common shares outstanding if preferred shares converted to common shares (in shares) 17,562,557 13,135,814
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in shares) 80,819,639 135,984,985 94,648,767
[1] Per share amounts do not add across due to rounding differences in quarterly amounts and due to the impact of differences between the quarterly and annual weighted average share calculations.