Item 6. Selected Financial Data.

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Item 6. Selected Financial Data.

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(dollars in thousands, except per share amounts)

The following tables set forth selected consolidated financial data. The selected income statement and balance sheet data have been derived from our consolidated financial statements for each of the periods presented and is not necessarily indicative of results of future operations. The selected financial data should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and related notes included elsewhere in this report.

Table of Contents
Year Ended December 31,
20122011201020092008
Consolidated Income Statement Data:
Homebuilding data:
Revenues$3,121,244$2,611,195$2,980,758$2,683,467$3,638,702
Gross profit545,605445,570542,466497,734457,692
Mortgage Banking data:
Mortgage banking fees63,40647,95461,13460,38154,337
Interest income4,5045,7025,4112,9793,955
Interest expense5468751,1261,184754
Consolidated data:
Income from continuing operations$180,588$129,420$206,005$192,180$100,892
Income from continuing operations per diluted share (1)$35.12$23.01$33.42$31.26$17.04
December 31,
20122011201020092008
Consolidated Balance Sheet Data:
Homebuilding inventory$678,131$533,150$431,329$418,718$400,570
Contract land deposits, net191,538131,930100,78649,90629,073
Total assets2,604,8421,779,4852,260,0612,395,7702,103,236
Notes and loans payable599,7451,61392,089147,880210,389
Shareholders’ equity1,480,4771,374,7991,740,3741,757,2621,373,789
Cash dividends per share—————
(1)For the years ended December 31, 2012, 2011, 2010, 2009 and 2008, income from continuing operations per diluted share was computed based on 5,141,529; 5,623,817; 6,164,617; 6,148,769 and 5,920,285 shares, respectively, which represents the weighted average number of shares and share equivalents outstanding for each year.

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