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
Mar. 31, 2020
Mar. 31, 2019
Earnings from financial services unconsolidated entities and other, net $ 684 $ 2,174
Commissions and other sales costs (61,173) (52,555)
General and administrative expenses (34,170) (33,566)
Interest expense (16) (4,085)
Other income, net 611 1,046
Earnings before income taxes 86,833 32,370
Provision for income taxes (15,681) (6,958)
Net earnings $ 71,152 $ 25,412
Earnings per common share:    
Basic (in dollars per share) $ 1.87 $ 0.66
Diluted (in dollars per share) $ 1.83 $ 0.65
Weighted average number of shares:    
Basic (in shares) 38,085 38,215
Diluted (in shares) 38,817 38,849
Real Estate [Member]    
Revenue $ 901,013 $ 708,145
Cost of closings (722,270) (591,317)
Gross profit 178,743 116,828
Home Building [Member]    
Revenue 890,417 698,650
Cost of closings (712,057) (582,188)
Gross profit 178,360 116,462
Land [Member]    
Revenue 10,596 9,495
Cost of closings (10,213) (9,129)
Gross profit 383 366
Financial Service [Member]    
Revenue 3,912 3,228
Expense (1,735) (1,504)
Gross profit 2,838 4,702
Earnings from financial services unconsolidated entities and other, net $ 661 $ 2,978