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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2024
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
March 31,
20242023
(Dollars in thousands)
Homebuilding
West
$830,086 $577,933 
Mountain
310,179 301,155 
East
184,937 140,928 
Total homebuilding revenues
$1,325,202 $1,020,016 
Financial Services
Mortgage operations
$19,651 $18,419 
Other
11,701 11,067 
Total financial services revenues
$31,352 $29,486 
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
March 31,
20242023
(Dollars in thousands)
Homebuilding
West
$82,127 $43,200 
Mountain
25,542 25,036 
East
12,674 15,309 
Corporate
(11,767)7,454 
Total homebuilding pretax income$108,576 $90,999 
Financial Services
Mortgage operations
$9,201 $9,726 
Other
8,463 8,244 
Total financial services pretax income$17,664 $17,970 
Total pretax income$126,240 $108,969 
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.
March 31,
2024
December 31,
2023
(Dollars in thousands)
Homebuilding assets
West
$2,030,141 $2,155,357 
Mountain
903,407 874,031 
East
477,708 459,078 
Corporate
1,685,024 1,608,726 
Total homebuilding assets$5,096,280 $5,097,192 
Financial services assets
Mortgage operations
$311,704 $295,092 
Other
249,600 238,801 
Total financial services assets$561,304 $533,893 
Total assets$5,657,584 $5,631,085