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OPERATING AND REPORTING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

The following segment information is in thousands:

						Years Ended December 31,
						2021						2020						2019
Homebuilding revenue (1):
West						$	1,935,845					$	1,800,223					$	1,422,516
Central						1,504,481						1,282,339						1,038,052
East						1,679,784						1,399,558						1,189,915
Consolidated total						5,120,110						4,482,120						3,650,483
Homebuilding segment operating income:
West						379,093						213,918						141,435
Central						319,435						185,202						101,686
East						302,487						157,971						87,285
Total homebuilding segment operating income						1,001,015						557,091						330,406
Financial services segment profit						18,034						16,388						20,579
Corporate and unallocated costs (2)						(50,573)						(44,398)						(43,612)
Interest expense						(318)						(2,177)						(8,370)
Other income, net						4,864						6,662						9,577
Loss on early extinguishment of debt						(18,188)						—						(5,635)
Net earnings before income taxes						$	954,834					$	533,566					$	302,945

(1)Homebuilding revenue includes the following land closing revenue, by segment:

						Years Ended December 31,
Land closing revenue:						2021						2020						2019
West						$	21,426					$	4,974					$	12,463
Central						3,799						8,678						4,297
East						12						4,079						29,094
Total						$	25,237					$	17,731					$	45,854

(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.

Schedule of Land Closing Revenue

Homebuilding revenue includes the following land closing revenue, by segment:

						Years Ended December 31,
Land closing revenue:						2021						2020						2019
West						$	21,426					$	4,974					$	12,463
Central						3,799						8,678						4,297
East						12						4,079						29,094
Total						$	25,237					$	17,731					$	45,854

Schedule of Segment Assets

			At December 31, 2021
			West						Central						East						Financial Services						Corporate and Unallocated						Total
Deposits on real estate under option or contract			$	26,687					$	11,132					$	52,860					$	—					$	—					$	90,679
Real estate			1,571,477						1,076,300						1,086,631						—						—						3,734,408
Investments in unconsolidated entities			87						2,974						1,707						—						996						5,764
Other assets			66,897			(1)			199,791			(2)			102,073			(3)			610						607,311			(4)			976,682
Total assets			$	1,665,148					$	1,290,197					$	1,243,271					$	610					$	608,307					$	4,807,533

(1)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities 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, real estate not owned, goodwill, 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
						West						Central						East						Financial Services						Corporate  and Unallocated						Total
Deposits on real estate under option or contract						$	22,493					$	11,154					$	25,887					$	—					$	—					$	59,534
Real estate						1,154,488						814,919						808,632						—						—						2,778,039
Investments in unconsolidated entities						261						3,090						—						—						999						4,350
Other assets						51,271			(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 prepaid expenses and other assets.

(3)Balance consists primarily of cash and cash equivalents, goodwill, 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.

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