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OPERATING AND REPORTING SEGMENTS (Tables)

12 Months Ended

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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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

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