Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of 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,
	2023		2022		2023		2022
	(Dollars in thousands)
Homebuilding
West	$	651,472	$	772,356	$	1,845,964	$	2,267,946
Mountain	284,142		424,397		931,367		1,196,526
East	151,436		210,889		433,205		634,513
Total homebuilding revenues	$	1,087,050	$	1,407,642	$	3,210,536	$	4,098,985
Financial Services
Mortgage operations	$	12,098	$	16,933	$	53,275	$	56,611
Other	11,671		17,168		32,599		42,850
Total financial services revenues	$	23,769	$	34,101	$	85,874	$	99,461

Schedule of 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,
	2023		2022		2023		2022
	(Dollars in thousands)
Homebuilding
West	$	60,792	$	105,680	$	133,631	$	384,714
Mountain	38,211		68,106		107,923		197,747
East	15,891		28,245		45,349		94,046
Corporate	12,490		(33,815)		23,538		(79,521)
Total homebuilding pretax income	$	127,384	$	168,216	$	310,441	$	596,986
Financial Services
Mortgage operations	$	3,098	$	5,676	$	26,676	$	23,782
Other	9,325		11,897		24,709		25,866
Total financial services pretax income	$	12,423	$	17,573	$	51,385	$	49,648
Total pretax income	$	139,807	$	185,789	$	361,826	$	646,634

Schedule of 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, 2023		December 31, 2022
	(Dollars in thousands)
Homebuilding assets
West	$	2,083,054	$	2,275,144
Mountain	854,877		1,005,622
East	460,413		427,926
Corporate	1,657,283		1,249,370
Total homebuilding assets	$	5,055,627	$	4,958,062
Financial services assets
Mortgage operations	$	203,872	$	267,309
Other	228,504		137,901
Total financial services assets	$	432,376	$	405,210
Total assets	$	5,488,003	$	5,363,272