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OPERATING AND REPORTING SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The following segment information is in thousands:
|  | Years Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Homebuilding revenue (1): |  |  |  |  |  |
West |  | $ | 2,142,419 |  |  | $ | 2,250,083 |  |  | $ | 1,935,845 |
Central |  | 1,805,633 |  |  | 1,846,153 |  |  | 1,504,481 |
East |  | 2,164,961 |  |  | 2,172,491 |  |  | 1,679,784 |
Consolidated total |  | 6,113,013 |  |  | 6,268,727 |  |  | 5,120,110 |
Homebuilding segment operating income: |  |  |  |  |  |
West |  | 265,479 |  |  | 466,916 |  |  | 379,093 |
Central |  | 307,163 |  |  | 376,734 |  |  | 319,435 |
East |  | 382,513 |  |  | 465,059 |  |  | 302,487 |
Total homebuilding segment operating income |  | 955,155 |  |  | 1,308,709 |  |  | 1,001,015 |
Financial services segment profit |  | 12,466 |  |  | 18,294 |  |  | 18,034 |
Corporate and unallocated costs (2) |  | (65,232) |  |  | (40,358) |  |  | (50,573) |
Interest expense |  | — |  |  | (41) |  |  | (318) |
Other income, net |  | 47,948 |  |  | 2,714 |  |  | 4,864 |
Loss on early extinguishment of debt |  | (907) |  |  | — |  |  | (18,188) |
Net earnings before income taxes |  | $ | 949,430 |  |  | $ | 1,289,318 |  |  | $ | 954,834 |
(1)Homebuilding revenue includes the following land closing revenue, by segment:
|  | Years Ended December 31,
Land closing revenue: |  | 2023 |  | 2022 |  | 2021
West |  | $ | 35,324 |  |  | $ | 47,974 |  |  | $ | 21,426 |
Central |  | 6,694 |  |  | 10,655 |  |  | 3,799 |
East |  | 14,211 |  |  | 2,600 |  |  | 12 |
Total |  | $ | 56,229 |  |  | $ | 61,229 |  |  | $ | 25,237 |
(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.
Schedule of Land Closing Revenue | Homebuilding revenue includes the following land closing revenue, by segment:
|  | Years Ended December 31,
Land closing revenue: |  | 2023 |  | 2022 |  | 2021
West |  | $ | 35,324 |  |  | $ | 47,974 |  |  | $ | 21,426 |
Central |  | 6,694 |  |  | 10,655 |  |  | 3,799 |
East |  | 14,211 |  |  | 2,600 |  |  | 12 |
Total |  | $ | 56,229 |  |  | $ | 61,229 |  |  | $ | 25,237 |
Schedule of Segment Assets |
| At December 31, 2023
| West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 11,695 |  |  | $ | 10,911 |  |  | $ | 88,758 |  |  | $ | — |  |  | $ | — |  |  | $ | 111,364 |
Real estate | 1,748,732 |  |  | 1,257,054 |  |  | 1,715,505 |  |  | — |  |  | — |  |  | 4,721,291 |
Investments in unconsolidated entities | — |  |  | 2,825 |  |  | 13,411 |  |  | — |  |  | 934 |  |  | 17,170 |
Other assets | 101,376 |  | (1) | 272,876 |  | (2) | 102,425 |  | (3) | 1,889 |  |  | 1,024,743 |  | (4) | 1,503,309 |
Total assets | $ | 1,861,803 |  |  | $ | 1,543,666 |  |  | $ | 1,920,099 |  |  | $ | 1,889 |  |  | $ | 1,025,677 |  |  | $ | 6,353,134 |
(1)Balance consists primarily of cash and cash equivalents, receivables from title companies or closing agents and property and equipment, net. (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 10), prepaid expenses and other assets and property and equipment, net. (4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaid expenses and other 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, net. (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, net. (4)Balance consists primarily of cash and cash equivalents, deferred tax assets and prepaid expenses and other assets.

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