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OPERATING AND REPORTING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

The following segment information is in thousands:

						Years Ended December 31,
						2022						2021						2020
Homebuilding revenue (1):
West						$	2,250,083					$	1,935,845					$	1,800,223
Central						1,846,153						1,504,481						1,282,339
East						2,172,491						1,679,784						1,399,558
Consolidated total						6,268,727						5,120,110						4,482,120
Homebuilding segment operating income:
West						466,916						379,093						213,918
Central						376,734						319,435						185,202
East						465,059						302,487						157,971
Total homebuilding segment operating income						1,308,709						1,001,015						557,091
Financial services segment profit						18,294						18,034						16,388
Corporate and unallocated costs (2)						(40,358)						(50,573)						(44,398)
Interest expense						(41)						(318)						(2,177)
Other income, net						2,714						4,864						6,662
Loss on early extinguishment of debt						—						(18,188)						—
Net earnings before income taxes						$	1,289,318					$	954,834					$	533,566

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

						Years Ended December 31,
Land closing revenue:						2022						2021						2020
West						$	47,974					$	21,426					$	4,974
Central						10,655						3,799						8,678
East						2,600						12						4,079
Total						$	61,229					$	25,237					$	17,731

(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:						2022						2021						2020
West						$	47,974					$	21,426					$	4,974
Central						10,655						3,799						8,678
East						2,600						12						4,079
Total						$	61,229					$	25,237					$	17,731

Schedule of Segment Assets

			At December 31, 2022
			West						Central						East						Financial Services						Corporate and Unallocated						Total
Deposits on real estate under option or contract			$	21,599					$	8,992					$	46,138					$	—					$	—					$	76,729
Real estate			1,775,879						1,298,455						1,283,929						—						—						4,358,263
Investments in unconsolidated entities			110						2,866						7,503						—						1,274						11,753
Other assets			99,267			(1)			241,470			(2)			132,181			(3)			1,536						850,902			(4)			1,325,356
Total assets			$	1,896,855					$	1,551,783					$	1,469,751					$	1,536					$	852,176					$	5,772,101

(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, 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, 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.

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