Inventories (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table sets forth, by reportable segment, information relating to our homebuilding inventories:

	June 30, 2023		December 31, 2022
	(Dollars in thousands)
Housing completed or under construction:
West	$	1,082,237	$	1,026,880
Mountain	433,319		511,092
East	217,959		184,089
Subtotal	1,733,515		1,722,061
Land and land under development:
West	873,348		1,145,119
Mountain	363,658		433,893
East	174,747		214,706
Subtotal	1,411,753		1,793,718
Total inventories	$	3,145,268	$	3,515,779

Schedule of Inventory Impairments

Inventory impairments recognized by segment for the three and six months ended June 30, 2023 and 2022 are shown in the table below.

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(Dollars in thousands)				(Dollars in thousands)
Housing Completed or Under Construction:
West	$	1,787	$	—	$	1,787	$	660
Mountain	—		—		664		—
East	—		—		—		—
Subtotal	1,787		—		2,451		660
Land and Land Under Development:
West	11,713		—		11,713		—
Mountain	—		—		7,136		—
East	—		—		—		—
Subtotal	11,713		—		18,849		—
Total Inventory Impairments	$	13,500	$	—	$	21,300	$	660

Schedule of Quantitative Data for Fair Value of the Impaired Inventory

The table below provides quantitative data, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.

	Impairment Data					Quantitative Data
Three Months Ended	Number of Subdivisions Impaired	Inventory Impairments		Fair Value of Inventory After Impairments		Discount Rate
	(Dollars in thousands)
June 30, 2023	1	$	13,500	$	17,886	18%
March 31, 2023	1	$	7,800	$	13,016	18%
Total		$	21,300
March 31, 2022	1	$	660	$	1,728		N/A
Total		$	660