Inventories (Tables)

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table sets forth, by reportable segment, information relating to our homebuilding inventories:

	September 30, 2020		December 31, 2019
	(Dollars in thousands)
Housing completed or under construction:
West	$	844,264	$	589,040
Mountain	463,690		358,370
East	115,901		88,781
Subtotal	1,423,855		1,036,191
Land and land under development:
West	698,099		772,189
Mountain	412,299		468,718
East	111,456		89,477
Subtotal	1,221,854		1,330,384
Total inventories	$	2,645,709	$	2,366,575

Schedule of Inventory Impairments

Impairments of homebuilding inventory by segment for the three and nine months ended September 30, 2020 and 2019 are shown in the table below.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(Dollars in thousands)
West	$	—	$	—	$	—	$	—
Mountain	—		—		—		400
East	—		—		—		210
Total inventory impairments	$	—	$	—	$	—	$	610

Quantitative Data for Fair Value of the Impaired Inventory

The table below provides quantitative data, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.

	Impairment Data					Quantitative Data
Three Months Ended	Number of Subdivisions Impaired	Inventory Impairments		Fair Value of Inventory After Impairments			Discount Rate
	(Dollars in thousands)
March 31, 2019	2	$	610	$	10,476		N/A