Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED INCOME STATEMENTS

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UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings from financial services unconsolidated entities and other, net     $ 1,691 $ 5,828
Commissions and other sales costs $ (70,408) $ (60,125) (131,581) (112,680)
General and administrative expenses (36,176) (34,779) (70,346) (68,345)
Interest expense (2,105) (3,197) (2,121) (7,282)
Other income, net 1,514 2,368 2,125 3,414
Earnings before income taxes 115,862 67,674 202,695 100,044
Provision for income taxes (25,184) (16,846) (40,865) (23,804)
Net earnings $ 90,678 $ 50,828 $ 161,830 $ 76,240
Earnings per common share:        
Basic (in dollars per share) $ 2.41 $ 1.33 $ 4.28 $ 2.00
Diluted (in dollars per share) $ 2.38 $ 1.31 $ 4.20 $ 1.97
Weighted average number of shares:        
Basic (in shares) 37,599 38,266 37,842 38,136
Diluted (in shares) 38,169 38,889 38,512 38,789
Real Estate [Member]        
Revenue $ 1,033,079 $ 864,610 $ 1,934,092 $ 1,572,755
Cost of closings (813,831) (707,234) (1,536,101) (1,298,551)
Gross profit 219,248 157,376 397,991 274,204
Home Building [Member]        
Revenue 1,031,591 863,053 1,922,008 1,561,703
Cost of closings (810,895) (703,935) (1,522,952) (1,286,123)
Gross profit 220,696 159,118 399,056 275,580
Land [Member]        
Revenue 1,488 1,557 12,084 11,052
Cost of closings (2,936) (3,299) (13,149) (12,428)
Gross profit (1,448) (1,742) (1,065) (1,376)
Financial Service [Member]        
Revenue 4,478 4,160 8,390 7,388
Expense (1,758) (1,720) (3,493) (3,224)
Gross profit 3,789 6,031 6,627 10,733
Earnings from financial services unconsolidated entities and other, net $ 1,069 $ 3,591 $ 1,730 $ 6,569