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OPERATING AND REPORTING SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Information | The following segment information is in thousands:
|  | Years Ended December 31, |  |  |  |
|  | 2019 |  | 2018 |  | 2017
Homebuilding revenue (1): |  |  |  |  |  |
West |  | $ | 1,422,516 |  |  | $ | 1,436,334 |  |  | $ | 1,437,860 |
Central |  | 1,038,052 |  |  | 1,013,878 |  |  | 904,908 |
East |  | 1,189,915 |  |  | 1,063,207 |  |  | 884,004 |
Consolidated total |  | 3,650,483 |  |  | 3,513,419 |  |  | 3,226,772 |
Homebuilding segment operating income: |  |  |  |  |  |
West |  | 141,435 |  |  | 134,852 |  |  | 129,781 |
Central |  | 101,686 |  |  | 92,925 |  |  | 92,451 |
East |  | 87,285 |  |  | 59,522 |  |  | 32,089 |
Total homebuilding segment operating income |  | 330,406 |  |  | 287,299 |  |  | 254,321 |
Financial services segment profit |  | 20,579 |  |  | 24,044 |  |  | 22,055 |
Corporate and unallocated costs (2) |  | (43,612) |  |  | (38,521) |  |  | (33,510) |
Interest expense |  | (8,370) |  |  | (785) |  |  | (3,853) |
Other income, net (3) |  | 9,577 |  |  | 11,217 |  |  | 8,784 |
Loss on early extinguishment of debt |  | (5,635) |  |  | — |  |  | (278) |
Net earnings before income taxes |  | $ | 302,945 |  |  | $ | 283,254 |  |  | $ | 247,519 |
(1)Homebuilding revenue includes the following land closing revenue, by segment:
|  | Years Ended December 31, |  |  |  |
Land closing revenue: |  | 2019 |  | 2018 |  | 2017
West |  | $ | 12,463 |  |  | $ | 18,508 |  |  | $ | 18,116 |
Central |  | 4,297 |  |  | 7,657 |  |  | 622 |
East |  | 29,094 |  |  | 12,542 |  |  | 21,259 |
Total |  | $ | 45,854 |  |  | $ | 38,707 |  |  | $ | 39,997 |
(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 reporting segments. (3)For the year ended December 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 Land Closing Revenue | Homebuilding revenue includes the following land closing revenue, by segment:
|  | Years Ended December 31, |  |  |  |
Land closing revenue: |  | 2019 |  | 2018 |  | 2017
West |  | $ | 12,463 |  |  | $ | 18,508 |  |  | $ | 18,116 |
Central |  | 4,297 |  |  | 7,657 |  |  | 622 |
East |  | 29,094 |  |  | 12,542 |  |  | 21,259 |
Total |  | $ | 45,854 |  |  | $ | 38,707 |  |  | $ | 39,997 |
Schedule of Segment Assets |
| At December 31, 2019 |  |  |  |  |  |  |  |  |  |
| West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 10,568 |  |  | $ | 10,963 |  |  | $ | 29,370 |  |  | $ | — |  |  | $ | — |  |  | $ | 50,901 |
Real estate | 1,223,949 |  |  | 708,786 |  |  | 811,626 |  |  | — |  |  | — |  |  | 2,744,361 |
Investments in unconsolidated entities | 260 |  |  | 3,508 |  |  | — |  |  | — |  |  | 675 |  |  | 4,443 |
Other assets | 58,173 |  | (1) |  | 107,791 |  | (2) |  | 83,475 |  | (3) |  | 765 |  |  | 348,340 |  | (4) |  | 598,544 |
Total assets | $ | 1,292,950 |  |  | $ | 831,048 |  |  | $ | 924,471 |  |  | $ | 765 |  |  | $ | 349,015 |  |  | $ | 3,398,249 |
(1)Balance consists primarily of cash and property and equipment. (2)Balance consists primarily of development reimbursements from local municipalities and prepaid expenses and other assets. (3)Balance consists primarily of goodwill, prepaid expenses and other assets, and property and equipment. (4)Balance consists primarily of cash.
|  | 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, cash and property and equipment. (4)Balance consists primarily of cash.

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