Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
	(Dollars in thousands)
Homebuilding
West	$	707,311	$	616,611
Mountain	335,128		324,717
East	198,081		100,530
Total homebuilding revenues	$	1,240,520	$	1,041,858
Financial Services
Mortgage operations	$	17,601	$	35,165
Other	11,530		9,858
Total financial services revenues	$	29,131	$	45,023

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,
	2022		2021
	(Dollars in thousands)
Homebuilding
West	$	130,526	$	77,187
Mountain	50,506		45,858
East	31,394		7,835
Corporate	(23,927)		(17,373)
Total homebuilding pretax income	$	188,499	$	113,507
Financial Services
Mortgage operations	$	7,433	$	26,039
Other	5,950		4,766
Total financial services pretax income	$	13,383	$	30,805
Total pretax income	$	201,882	$	144,312

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, 2022		December 31, 2021
	(Dollars in thousands)
Homebuilding assets
West	$	2,548,681	$	2,472,378
Mountain	1,141,395		1,072,717
East	479,790		450,675
Corporate	547,698		547,364
Total homebuilding assets	$	4,717,564	$	4,543,134
Financial services assets
Mortgage operations	$	228,712	$	313,373
Other	112,838		107,021
Total financial services assets	$	341,550	$	420,394
Total assets	$	5,059,114	$	4,963,528