Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	2021		2020
	(Dollars in thousands)
Homebuilding
West	$	616,611	$	405,498
Mountain	324,717		222,858
East	100,530		68,729
Total homebuilding revenues	$	1,041,858	$	697,085
Financial Services
Mortgage operations	$	35,165	$	14,625
Other	9,858		7,261
Total financial services revenues	$	45,023	$	21,886

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 March 31,
	2021		2020
	(Dollars in thousands)
Homebuilding
West	$	77,187	$	36,576
Mountain	45,858		21,512
East	7,835		900
Corporate	(17,373)		(9,319)
Total homebuilding pretax income	$	113,507	$	49,669
Financial Services
Mortgage operations	$	26,039	$	8,243
Other	4,766		(9,350)
Total financial services pretax income	$	30,805	$	(1,107)
Total pretax income	$	144,312	$	48,562

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 and mortgage loans held-for-sale.

	March 31, 2021		December 31, 2020
	(Dollars in thousands)
Homebuilding assets
West	$	1,968,336	$	1,855,567
Mountain	983,488		905,007
East	309,571		274,937
Corporate	738,705		470,909
Total homebuilding assets	$	4,000,100	$	3,506,420
Financial services assets
Mortgage operations	$	297,801	$	279,649
Other	85,029		78,851
Total financial services assets	$	382,830	$	358,500
Total assets	$	4,382,930	$	3,864,920