Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Dollars in thousands)
Homebuilding
West	$	847,683	$	490,117	$	1,464,294	$	895,615
Mountain	400,633		316,666		725,350		539,524
East	119,457		79,975		219,987		148,704
Total homebuilding revenues	$	1,367,773	$	886,758	$	2,409,631	$	1,583,843
Financial Services
Mortgage operations	$	23,321	$	24,363	$	58,486	$	38,988
Other	9,997		8,601		19,855		15,862
Total financial services revenues	$	33,318	$	32,964	$	78,341	$	54,850

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(Dollars in thousands)
Homebuilding
West	$	132,919	$	48,745	$	210,106	$	85,321
Mountain	64,052		41,807		109,910		63,319
East	10,846		3,073		18,681		3,973
Corporate	(20,308)		(8,704)		(37,681)		(18,023)
Total homebuilding pretax income	$	187,509	$	84,921	$	301,016	$	134,590
Financial Services
Mortgage operations	$	14,088	$	17,506	$	40,127	$	25,749
Other	3,945		9,211		8,711		(139)
Total financial services pretax income	$	18,033	$	26,717	$	48,838	$	25,610
Total pretax income	$	205,542	$	111,638	$	349,854	$	160,200

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.

	June 30, 2021		December 31, 2020
	(Dollars in thousands)
Homebuilding assets
West	$	2,083,436	$	1,855,567
Mountain	994,226		905,007
East	372,166		274,937
Corporate	690,572		470,909
Total homebuilding assets	$	4,140,400	$	3,506,420
Financial services assets
Mortgage operations	$	225,971	$	279,649
Other	91,823		78,851
Total financial services assets	$	317,794	$	358,500
Total assets	$	4,458,194	$	3,864,920