Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Reconciliation of Revenue from Segments to Consolidated

The following table summarizes revenues for our homebuilding and financial services operations

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Dollars in thousands)
Homebuilding
West	$	552,319	$	410,414	$	1,447,934	$	1,164,502
Mountain	347,095		263,802		886,619		760,470
East	101,135		76,058		249,839		205,424
Total homebuilding revenues	$	1,000,549	$	750,274	$	2,584,392	$	2,130,396
Financial Services
Mortgage operations	$	28,548	$	14,395	$	67,536	$	36,258
Other	8,255		7,993		24,117		22,131
Total financial services revenues	$	36,803	$	22,388	$	91,653	$	58,389

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table summarizes pretax income (loss) for our homebuilding and financial services operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Dollars in thousands)
Homebuilding
West	$	59,120	$	34,898	$	144,441	$	103,448
Mountain	48,053		31,391		111,372		89,077
East	6,020		2,136		9,993		5,761
Corporate	(11,543)		(19,734)		(29,566)		(46,926)
Total homebuilding pretax income	$	101,650	$	48,691	$	236,240	$	151,360
Financial Services
Mortgage operations	$	20,809	$	8,468	$	46,558	$	19,700
Other	3,559		5,647		3,420		21,683
Total financial services pretax income	$	24,368	$	14,115	$	49,978	$	41,383
Total pretax income	$	126,018	$	62,806	$	286,218	$	192,743

Reconciliation of Assets from Segment to Consolidated

The following table summarizes total assets for our homebuilding and financial services operations. The assets in our West, Mountain and East segments consist primarily of inventory while the assets in our Corporate segment primarily include our cash and cash equivalents and deferred tax assets. The assets in our financial services segment consist mostly of cash and cash equivalents, marketable securities and mortgage loans held-for-sale.

	September 30, 2020		December 31, 2019
	(Dollars in thousands)
Homebuilding assets
West	$	1,660,583	$	1,461,645
Mountain	927,730		869,665
East	248,028		194,592
Corporate	507,728		505,507
Total homebuilding assets	$	3,344,069	$	3,031,409
Financial services assets
Mortgage operations	$	196,258	$	209,946
Other	72,447		97,001
Total financial services assets	$	268,705	$	306,947
Total assets	$	3,612,774	$	3,338,356