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OPERATING AND REPORTING SEGMENTS
 9 Months Ended
Sep. 30, 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 September 30,Nine Months Ended September 30,
 2024202320242023
Homebuilding revenue (1):
West$594,509 606,833 $1,732,978 $1,569,947 
Central418,927 454,228 1,305,672 1,338,387 
East575,013 552,039 1,711,938 1,551,474 
Consolidated total$1,588,449 $1,613,100 $4,750,588 $4,459,808 
Homebuilding segment operating income:
West$93,891 $94,885 $265,934 $185,977 
Central68,198 84,575 223,914 233,357 
East92,127 109,318 296,613 273,711 
Total homebuilding segment operating income 254,216 288,778 786,461 693,045 
Financial services segment profit/(loss)3,101 5,700 7,248 6,066 
Corporate and unallocated costs (2)
(18,067)(21,168)(42,972)(42,680)
Interest expense— — — — 
Other income, net10,682 13,331 31,202 35,037 
Loss on early extinguishment of debt— (907)(631)(907)
Earnings before income taxes$249,932 $285,734 $781,308 $690,561 
 
(1)Homebuilding revenue includes the following land closing revenue, by segment:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Land closing revenue:
West$— $— $— $26,575 
Central2,125 1,541 2,125 4,019 
East540 1,242 2,845 13,953 
Total$2,665 $2,783 $4,970 $44,547 
(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 September 30, 2024
 WestCentralEastFinancial ServicesCorporate  and
Unallocated		Total
Deposits on real estate under option or contract$34,438 $21,699 $151,324 $— $— $207,461 
Real estate1,831,330 1,330,943 2,294,830 — — 5,457,103 
Investments in unconsolidated entities— 2,849 14,536 — 832 18,217 
Other assets63,440 (1)267,397 (2)106,592 (3)1,858 981,384 (4)1,420,671 
Total assets$1,929,208 $1,622,888 $2,567,282 $1,858 $982,216 $7,103,452 

(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 (see Note 9), and prepaids and other assets.
(4)Balance consists primarily of cash and cash equivalents, deferred tax assets 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 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.