Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(Dollars in thousands)
Homebuilding
West	$	788,279	$	847,683	$	1,495,590	$	1,464,294
Mountain	437,001		400,633		772,129		725,350
East	225,543		119,457		423,624		219,987
Total homebuilding revenues	$	1,450,823	$	1,367,773	$	2,691,343	$	2,409,631
Financial Services
Mortgage operations	$	22,077	$	23,321	$	39,678	$	58,486
Other	14,152		9,997		25,682		19,855
Total financial services revenues	$	36,229	$	33,318	$	65,360	$	78,341

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,
	2022		2021		2022		2021
	(Dollars in thousands)
Homebuilding
West	$	148,508	$	132,919	$	279,034	$	210,106
Mountain	79,135		64,052		129,641		109,910
East	34,407		10,846		65,801		18,681
Corporate	(21,779)		(20,308)		(45,706)		(37,681)
Total homebuilding pretax income	$	240,271	$	187,509	$	428,770	$	301,016
Financial Services
Mortgage operations	$	10,673	$	14,088	$	18,106	$	40,127
Other	8,019		3,945		13,969		8,711
Total financial services pretax income	$	18,692	$	18,033	$	32,075	$	48,838
Total pretax income	$	258,963	$	205,542	$	460,845	$	349,854

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, 2022		December 31, 2021
	(Dollars in thousands)
Homebuilding assets
West	$	2,653,052	$	2,472,378
Mountain	1,169,938		1,072,717
East	508,690		450,675
Corporate	547,620		547,364
Total homebuilding assets	$	4,879,300	$	4,543,134
Financial services assets
Mortgage operations	$	232,139	$	313,373
Other	121,388		107,021
Total financial services assets	$	353,527	$	420,394
Total assets	$	5,232,827	$	4,963,528