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OPERATING AND REPORTING SEGMENTS
 6 Months Ended
Jun. 30, 2023
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 ten 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 three reportable homebuilding segments are as follows:
West:
Arizona, California, Colorado and Utah
Central:
Texas
East:
Florida, Georgia, North Carolina, South Carolina and Tennessee
Management’s evaluation of segment performance is based on homebuilding segment operating income, which we define as home and land closing revenue less cost of home and land closings, including land development and other land sales costs, commissions and other sales costs, and other general and administrative 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 June 30,Six Months Ended June 30,
 2023202220232022
Homebuilding revenue (1):
West$528,977 $487,803 $963,114 $982,309 
Central458,709 424,036 884,159 779,660 
East579,714 500,542 999,435 937,346 
Consolidated total$1,567,400 $1,412,381 $2,846,708 $2,699,315 
Homebuilding segment operating income:
West$52,283 $115,403 $91,092 $236,259 
Central83,491 100,203 148,782 175,463 
East103,517 119,395 164,393 212,943 
Total homebuilding segment operating income 239,291 335,001 404,267 624,665 
Financial services segment profit(2,557)4,079 366 7,413 
Corporate and unallocated costs (2)
(10,072)(6,927)(21,512)(13,684)
Interest expense— — — (41)
Other income/(expense), net12,862 (458)21,706 (775)
Earnings before income taxes$239,524 $331,695 $404,827 $617,578 
 
(1)Homebuilding revenue includes the following land closing revenue, by segment:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Land closing revenue:
West$9,760 $1,725 $26,575 $32,807 
Central1,908 1,709 2,478 9,505 
East12,711 — 12,711 2,600 
Total$24,379 $3,434 $41,764 $44,912 
(2)Balance consists primarily of corporate costs and shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.
 At June 30, 2023
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$14,119 $8,962 $47,903 $— $— $70,984 
Real estate1,708,328 1,204,692 1,435,580 — — 4,348,600 
Investments in unconsolidated entities74 2,847 8,697 — 833 12,451 
Other assets52,887 (1)223,378 (2)105,512 (3)1,821 1,250,008 (4)1,633,606 
Total assets$1,775,408 $1,439,879 $1,597,692 $1,821 $1,250,841 $6,065,641 

(1)Balance consists primarily of cash and cash equivalents, prepaids and other assets and property and equipment, net.
(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 (see Note 9), prepaids and other assets and property and equipment, net.
(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.
 At December 31, 2022
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$21,599 $8,992 $46,138 $— $— $76,729 
Real estate1,775,879 1,298,455 1,283,929 — — 4,358,263 
Investments in unconsolidated entities110 2,866 7,503 — 1,274 11,753 
Other assets99,267 (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, net.
(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, net.
(4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaids and other assets.