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Business Segments Business Segments (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table shows, by segment, revenue, operating income and interest (income) expense for 2023, 2022 and 2021, as well as the Company’s income before income taxes for such periods:
Year Ended December 31,
(In thousands)202320222021
Revenue:
Northern homebuilding$1,523,943 $1,714,236 $1,595,746 
Southern homebuilding2,415,730 2,330,962 2,048,113 
Financial services (a)
93,829 86,195 102,028 
Total revenue$4,033,502 $4,131,393 $3,745,887 
Operating income (loss):
Northern homebuilding $176,320 $217,499 $211,958 
Southern homebuilding
440,168 451,874 312,661 
Financial services (a)
48,714 44,382 62,291 
Less: Corporate selling, general and administrative expense(77,980)(76,304)(68,614)
Total operating income (a)
$587,222 $637,451 $518,296 
Interest (income) expense - net:
Northern homebuilding$(186)$(469)$76 
Southern homebuilding(1,703)(1,447)(464)
Financial services (a)
10,360 5,122 3,912 
Corporate(28,493)(956)(1,368)
Total interest (income) expense - net
$(20,022)$2,250 $2,156 
Other income (b)
$(33)$(6)$(2,046)
Loss on early extinguishment of debt (c)
— — 9,072 
Income before income taxes$607,277 $635,207 $509,114 
Depreciation and amortization:   
Northern homebuilding$3,673 $3,308 $3,407 
Southern homebuilding2,965 2,790 3,644 
Financial services810 2,178 2,227 
Corporate8,343 8,898 7,637 
Total depreciation and amortization$15,791 $17,174 $16,915 
(a)Our financial services operational results should be viewed in connection with our homebuilding business as its operations originate loans and provide title services primarily for our homebuying customers, with the exception of an immaterial amount of mortgage refinancing.
(b)Other income is comprised of the gain on the sale of a non-operating asset during the fourth quarter of 2021 as well as equity in income from joint venture arrangements.
(c)Loss on early extinguishment of debt relates to the early redemption of our 5.625% senior notes due 2025 (the “2025 Senior Notes”) during the third quarter of 2021, consisting of a prepayment premium due to early redemption and a write-off of unamortized debt issuance costs.
Reconciliation of Assets from Segment to Consolidated
The following tables show total assets by segment at December 31, 2023 and 2022:
December 31, 2023
(In thousands)NorthernSouthernCorporate, Financial Services and UnallocatedTotal
Deposits on real estate under option or contract$8,990 $42,618 $— $51,608 
Inventory (a)
1,016,982 1,728,561 — 2,745,543 
Investments in joint venture arrangements— 44,011 — 44,011 
Other assets37,171 104,306 
(b)
1,039,801 

1,181,278 
Total assets$1,063,143 $1,919,496 $1,039,801 $4,022,440 
December 31, 2022
(In thousands)NorthernSouthernCorporate, Financial Services and UnallocatedTotal
Deposits on real estate under option or contract$8,138 $47,601 $— $55,739 
Inventory (a)
1,100,472 1,672,391 — 2,772,863 
Investments in joint venture arrangements— 51,554 — 51,554 
Other assets38,265 103,182 
(b)
693,320 834,767 
Total assets$1,146,875 $1,874,728 $693,320 $3,714,923 
(a)Inventory includes single-family lots, land and land development costs; land held for sale; homes under construction; model homes and furnishings; community development district infrastructure; and consolidated inventory not owned.
(b)Includes development reimbursements from local municipalities.