Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Dollars in thousands)
Homebuilding
West	$	772,356	$	729,777	$	2,267,946	$	2,194,071
Mountain	424,397		379,041		1,196,526		1,104,391
East	210,889		148,883		634,513		368,870
Total homebuilding revenues	$	1,407,642	$	1,257,701	$	4,098,985	$	3,667,332
Financial Services
Mortgage operations	$	16,933	$	31,122	$	56,611	$	89,608
Other	17,168		11,982		42,850		31,837
Total financial services revenues	$	34,101	$	43,104	$	99,461	$	121,445

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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Dollars in thousands)
Homebuilding
West	$	105,680	$	120,284	$	384,714	$	330,390
Mountain	68,106		55,386		197,747		165,296
East	28,245		15,410		94,046		34,091
Corporate	(33,815)		(25,928)		(79,521)		(63,609)
Total homebuilding pretax income	$	168,216	$	165,152	$	596,986	$	466,168
Financial Services
Mortgage operations	$	5,676	$	21,214	$	23,782	$	61,341
Other	11,897		6,326		25,866		15,037
Total financial services pretax income	$	17,573	$	27,540	$	49,648	$	76,378
Total pretax income	$	185,789	$	192,692	$	646,634	$	542,546

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, marketable securities and deferred tax assets. The assets in our financial services segment consist mostly of cash and cash equivalents, marketable securities and mortgage loans held-for-sale.

	September 30, 2022		December 31, 2021
	(Dollars in thousands)
Homebuilding assets
West	$	2,595,147	$	2,472,378
Mountain	1,164,506		1,072,717
East	494,078		450,675
Corporate	691,130		547,364
Total homebuilding assets	$	4,944,861	$	4,543,134
Financial services assets
Mortgage operations	$	255,469	$	313,373
Other	131,483		107,021
Total financial services assets	$	386,952	$	420,394
Total assets	$	5,331,813	$	4,963,528