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OPERATING AND REPORTING SEGMENTS
 3 Months Ended
Mar. 31, 2024
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 March 31,
 20242023
Homebuilding revenue (1):
West$515,632 $434,137 
Central427,565 425,450 
East525,204 419,721 
Consolidated total$1,468,401 $1,279,308 
Homebuilding segment operating income:
West$71,264 $38,809 
Central73,103 65,291 
East94,277 60,876 
Total homebuilding segment operating income 238,644 164,976 
Financial services segment (loss)/profit(690)2,923 
Corporate and unallocated costs (2)
(12,961)(11,440)
Interest expense— — 
Other income, net9,022 8,844 
Earnings before income taxes$234,015 $165,303 
 
(1)Homebuilding revenue includes the following land closing revenue, by segment:
Three Months Ended March 31,
20242023
Land closing revenue:
West$— $16,815 
Central— 570 
East2,305 — 
Total$2,305 $17,385 
(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 March 31, 2024
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$19,728 $11,758 $91,327 $— $— $122,813 
Real estate1,754,805 1,296,459 1,863,248 — — 4,914,512 
Investments in unconsolidated entities— 2,813 14,996 — 934 18,743 
Other assets55,572 (1)266,400 (2)105,453 (3)2,767 1,003,045 (4)1,433,237 
Total assets$1,830,105 $1,577,430 $2,075,024 $2,767 $1,003,979 $6,489,305 

(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, net and prepaids and other assets.
 At December 31, 2023
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$11,695 $10,911 $88,758 $— $— $111,364 
Real estate1,748,732 1,257,054 1,715,505 — — 4,721,291 
Investments in unconsolidated entities— 2,825 13,411 — 934 17,170 
Other assets101,376 (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 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, net and prepaids and other assets.