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OPERATING AND REPORTING SEGMENTS
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
OPERATING AND REPORTING SEGMENTS OPERATING AND REPORTING SEGMENTS
We operate with two principal business segments: homebuilding and financial services. As defined in ASC 280-10, Segment Reporting, we have nine homebuilding operating segments. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. We aggregate our homebuilding operating segments into reporting segments based on similar long-term economic characteristics and geographical proximity. Our current reportable homebuilding segments are as follows:
West:
Arizona, California and Colorado
Central:
Texas
East:
Florida, Georgia, North Carolina, South Carolina and Tennessee
Management’s evaluation of segment performance is based on segment operating income, which we define as home and land closing revenues less cost of home and land closings, commissions and other sales costs, land development and other land sales costs and other costs incurred by or allocated to each segment, including impairments. Each reportable segment follows the same accounting policies described in Note 1, “Organization and Basis of Presentation.” Operating results for each segment may not be indicative of the results for such segment had it been an independent, stand-alone entity for the periods presented.
The following segment information is in thousands: 
 Three Months Ended March 31,
 20212020
Homebuilding revenue (1):
West$393,430 $382,248 
Central322,184 260,127 
East368,167 258,638 
Consolidated total$1,083,781 $901,013 
Homebuilding segment operating income:
West$64,251 $41,894 
Central56,993 28,919 
East50,179 21,761 
Total homebuilding segment operating income 171,423 92,574 
Financial services segment profit3,760 2,838 
Corporate and unallocated costs (2)
(9,914)(9,174)
Interest expense(90)(16)
Other income, net798 611 
Net earnings before income taxes$165,977 $86,833 
 
(1)Homebuilding revenue includes the following land closing revenue, by segment, as outlined in the table below:
Three Months Ended March 31,
20212020
Land closing revenue:
West$— $4,518 
Central3,799 4,218 
East— 1,860 
Total$3,799 $10,596 
(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.
 At March 31, 2021
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$25,322 $10,377 $28,656 $— $— $64,355 
Real estate1,235,772 884,184 855,165 — — 2,975,121 
Investments in unconsolidated entities208 3,034 — — 759 4,001 
Other assets48,955 (1)141,029 (2)81,980 (3)617 722,358 (4)994,939 
Total assets$1,310,257 $1,038,624 $965,801 $617 $723,117 $4,038,416 

(1)Balance consists primarily of cash and cash equivalents and property and equipment.
(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaid expenses and other assets.
(3)Balance consists primarily of cash and cash equivalents, goodwill (see Note 9), prepaid expenses and other assets and property and equipment.
(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaid expenses and other assets.
 At December 31, 2020
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$22,493 $11,154 $25,887 $— $— $59,534 
Real estate1,154,488 814,919 808,632 — — 2,778,039 
Investments in unconsolidated entities261 3,090 — — 999 4,350 
Other assets51,271 (1)122,933 (2)81,601 (3)612 766,058 (4)1,022,475 
Total assets$1,228,513 $952,096 $916,120 $612 $767,057 $3,864,398 
(1)Balance consists primarily of cash and cash equivalents and property and equipment.
(2)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and prepaids and other assets.
(3)Balance consists primarily of cash and cash equivalents, goodwill, prepaids and other assets, and property and equipment.
(4)Balance consists primarily