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OPERATING AND REPORTING SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Information | The following segment information is in thousands:
| Three Months Ended March 31,
| 2019 |  | 2018
Homebuilding revenue (1): |  |  |
West | $ | 272,966 |  |  | $ | 317,228 |
Central | 191,606 |  |  | 191,870 |
East | 243,573 |  |  | 233,466 |
Consolidated total | $ | 708,145 |  |  | $ | 742,564 |
Homebuilding segment operating income: |  |  |
West | $ | 18,308 |  |  | $ | 21,121 |
Central | 12,336 |  |  | 14,267 |
East | 9,693 |  |  | 11,359 |
Total homebuilding segment operating income | 40,337 |  |  | 46,747 |
Financial services segment profit | 4,702 |  |  | 4,220 |
Corporate and unallocated costs (2) | (9,630 | ) |  | (7,272 | )
Interest expense | (4,085 | ) |  | (136 | )
Other income, net (3) | 1,046 |  |  | 5,325 |
Net earnings before income taxes | $ | 32,370 |  |  | $ | 48,884 |
(1) | Homebuilding revenue includes the following land closing revenue, by segment, as outlined in the table below:
| Three Months Ended March 31,
| 2019 |  | 2018
Land closing revenue: |  |  |
West | $ | — |  |  | $ | 12,455 |
Central | — |  |  | 125 |
East | 9,495 |  |  | 1,452 |
Total | $ | 9,495 |  |  | $ | 14,032 |
(2) | Balance consists primarily of corporate costs and numerous shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.
(3) | For the three months ended March 31, 2018, Other income, net includes a favorable $4.8 million legal settlement from long-standing litigation related to a previous joint venture in Nevada.
Schedule of Segment Assets |
|  | At March 31, 2019
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 6,659 |  |  | $ | 12,999 |  |  | $ | 25,169 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,827 |
Real estate |  | 1,164,724 |  |  | 715,356 |  |  | 864,498 |  |  | — |  |  | — |  |  | 2,744,578 |
Investments in unconsolidated entities |  | 7,481 |  |  | 6,375 |  |  | — |  |  | — |  |  | 1,805 |  |  | 15,661 |
Other assets |  | 54,503 |  | (1) | 106,268 |  | (2) | 83,949 |  | (3) | 749 |  |  | 345,332 |  | (4) | 590,801 |
Total assets |  | $ | 1,233,367 |  |  | $ | 840,998 |  |  | $ | 973,616 |  |  | $ | 749 |  |  | $ | 347,137 |  |  | $ | 3,395,867 |
(1) | Balance consists primarily of property and equipment and cash.
(2) | Balance consists primarily of development reimbursements from local municipalities and cash.
(3) | Balance consists primarily of goodwill (see Note 10), prepaid expenses and other assets and property and equipment.
(4) | Balance consists primarily of cash, prepaid expenses and other assets and our deferred tax asset.
|  | At December 31, 2018
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 7,514 |  |  | $ | 13,870 |  |  | $ | 30,026 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,410 |
Real estate |  | 1,188,975 |  |  | 679,422 |  |  | 874,224 |  |  | — |  |  | — |  |  | 2,742,621 |
Investments in unconsolidated entities |  | 8,320 |  |  | 6,396 |  |  | — |  |  | — |  |  | 2,764 |  |  | 17,480 |
Other assets |  | 51,115 |  | (1) | 117,150 |  | (2) | 85,869 |  | (3) | 1,013 |  |  | 298,821 |  | (4) | 553,968 |
Total assets |  | $ | 1,255,924 |  |  | $ | 816,838 |  |  | $ | 990,119 |  |  | $ | 1,013 |  |  | $ | 301,585 |  |  | $ | 3,365,479 |
(1) | Balance consists primarily of cash and property and equipment.
(2) | Balance consists primarily of development reimbursements from local municipalities and cash.
(3) | Balance consists primarily of goodwill (see Note 10), cash and property and equipment.
(4) | Balance consists primarily of cash.

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