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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings from financial services unconsolidated entities and other, net     $ 2,821 $ 8,934
Commissions and other sales costs $ (73,282) $ (63,450) (204,863) (176,130)
General and administrative expenses (40,737) (37,191) (111,083) (105,536)
Interest expense (55) (1,068) (2,176) (8,350)
Other income, net 1,188 2,402 3,313 5,816
Earnings before income taxes 135,506 92,366 338,201 192,410
Provision for income taxes (26,388) (22,557) (67,253) (46,361)
Net earnings $ 109,118 $ 69,809 $ 270,948 $ 146,049
Earnings per common share:        
Basic (in dollars per share) $ 2.90 $ 1.82 $ 7.17 $ 3.83
Diluted (in dollars per share) $ 2.84 $ 1.79 $ 7.04 $ 3.76
Weighted average number of shares:        
Basic (in shares) 37,607 38,296 37,763 38,119
Diluted (in shares) 38,405 39,079 38,491 38,841
Real Estate [Member]        
Revenue $ 1,138,091 $ 940,880 $ 3,072,183 $ 2,513,635
Cost of closings (894,014) (754,789) (2,430,115) (2,053,340)
Gross profit 244,077 186,091 642,068 460,295
Home Building [Member]        
Revenue 1,133,221 939,185 3,055,229 2,500,888
Cost of closings (889,654) (753,068) (2,412,606) (2,039,191)
Gross profit 243,567 186,117 642,623 461,697
Land [Member]        
Revenue 4,870 1,695 16,954 12,747
Cost of closings (4,360) (1,721) (17,509) (14,149)
Gross profit 510 (26) (555) (1,402)
Financial Service [Member]        
Revenue 4,939 4,317 13,329 11,705
Expense (2,026) (1,725) (5,519) (4,949)
Gross profit 4,315 5,582 10,942 16,315
Earnings from financial services unconsolidated entities and other, net $ 1,402 $ 2,990 $ 3,132 $ 9,559