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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summary of Financial Information Relating to Reportable Segments

Total revenues and income before income taxes for each of our reportable segments were as follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Revenues
West			$	670,692					$	784,952					$	1,201,188					$	1,324,998
Central			214,402						149,620						351,499						270,738
East			120,367						80,811						180,266						138,508
Total homebuilding revenues			1,005,461						1,015,383						1,732,953						1,734,244
Financial services			12,228						2,681						20,980						4,786
Total			$	1,017,689					$	1,018,064					$	1,753,933					$	1,739,030
Income before taxes
West			$	129,604					$	130,254					$	230,161					$	209,831
Central			33,896						15,853						46,847						25,550
East			14,468						5,882						16,194						7,622
Total homebuilding income before income taxes			177,968						151,989						293,202						243,003
Financial services			5,906						5,145						9,396						8,534
Total			$	183,874					$	157,134					$	302,598					$	251,537

Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):

			June 30, 2022						December 31, 2021
Real estate inventories
West			$	2,487,811					$	2,242,314
Central			651,267						543,097
East			351,243						269,332
Total			$	3,490,321					$	3,054,743
Total assets(1)
West			$	2,776,540					$	2,505,237
Central			795,357						674,862
East			404,431						328,014
Corporate			394,710						781,265
Total homebuilding assets			4,371,038						4,289,378
Financial services			43,620						46,845
Total			$	4,414,658					$	4,336,223

__________

(1)    Total assets as of June 30, 2022 and December 31, 2021 includes $139.3 million of goodwill, with $125.4 million included in the West segment, $8.3 million included in the Central segment and $5.6 million included in the East segment. Total Corporate assets as of June 30, 2022 and December 31, 2021 includes our Tri Pointe Homes trade name. For further details on goodwill and our intangible assets, see Note 8, Goodwill and Other Intangible Assets.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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