Note 15 - Unaudited Summarized Quarterly Financial Information
Summarized quarterly financial information for the years ended December
31, 2000 and 1999 is as follows (in thousands except per common share amounts):
| |
Three Months Ended
|
 |
|
| |
|
|
|
|
|
| |
March 31, 2000
|
June 30, 2000
|
September 30, 2000
|
December 31, 2000
|
|
|
|
|
|
| Sales |
$
|
65,373
|
$
|
94,345
|
$
|
88,716
|
$
|
158,432
|
| Other income, costs and expenses, net |
(57,341)
|
(82,903)
|
(79,820)
|
(135,673)
|
|
|
|
|
|
| Income before income taxes and |
|
|
|
|
|
|
|
|
| extraordinary item |
|
8,032
|
|
11,442
|
|
8,896
|
|
22,759
|
| Provision for income taxes |
|
(393)
|
|
(4,271)
|
|
(1,332)
|
|
(6,361)
|
|
|
|
|
|
| Income before extraordinary item |
|
7,639
|
|
7,171
|
|
7,564
|
|
16,398
|
| Extraordinary item - gain from retirement |
|
|
|
|
|
|
|
|
| of debt, net of applicable income
taxes |
|
-
|
|
496
|
|
-
|
|
-
|
|
|
|
|
|
| Net income |
$
|
7,639
|
$
|
7,667
|
$
|
7,564
|
$
|
16,398
|
|
|
|
|
|
| Basic and diluted earnings per |
|
|
|
|
|
|
|
|
| common share - Note 1 |
|
|
|
|
|
|
|
|
| Before extraordinary item |
$
|
0.73
|
$
|
0.68
|
$
|
0.72
|
$
|
1.56
|
| Extraordinary item |
|
-
|
|
0.05
|
|
-
|
|
-
|
|
|
|
|
|
| After extraordinary item |
$
|
0.73
|
$
|
0.73
|
$
|
0.72
|
$
|
1.56
|
|
|
|
|
|
| |
|
|
|
|
|
| |
Three Months Ended
|
|
|
| |
|
|
|
|
|
| |
March 31, 1999
|
June 30, 1999
|
September 30, 1999
|
December 31, 1999
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
(1)
|
| Sales |
$
|
82,297
|
$
|
95,715
|
$
|
88,363
|
$
|
173,606
|
| Other income, costs and expenses, net |
(75,996)
|
(86,741)
|
(75,846)
|
(157,901)
|
|
|
|
|
|
| Income before income taxes and |
|
|
|
|
|
|
|
|
| extraordinary item |
|
6,301
|
|
8,974
|
|
12,517
|
|
15,705
|
| Benefit (provision) for income taxes |
|
(905)
|
|
(1,286)
|
|
(1,797)
|
|
3,768
|
|
|
|
|
|
| Income before extraordinary item |
|
5,396
|
|
7,688
|
|
10,720
|
|
19,473
|
| Extraordinary item - gain from retirement |
|
|
|
|
|
|
|
|
| of debt, net of applicable income
taxes |
|
-
|
|
1,789
|
|
-
|
|
2,411
|
|
|
|
|
|
| Net income |
$
|
5,396
|
$
|
9,477
|
$
|
10,720
|
$
|
21,884
|
|
|
|
|
|
| Basic and diluted earnings per |
|
|
|
|
|
|
|
|
| common share - Note 1 |
|
|
|
|
|
|
|
|
| Before extraordinary item |
$
|
0.51
|
$
|
0.74
|
$
|
1.03
|
$
|
1.87
|
| Extraordinary item |
|
-
|
|
0.17
|
|
-
|
|
0.23
|
|
|
|
|
|
| After extraordinary item |
$
|
0.51
|
$
|
0.91
|
$
|
1.03
|
$
|
2.10
|
|
|
|
|
|
(1) On November 5, 1999, the Company acquired substantially all of
the assets of William Lyon Homes, Inc. - see Note 2
|
