XML 53 R41.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information - Schedule of Expenses and Income Before Income Taxes for each Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information        
Total revenues $ 902,413 $ 1,154,924 $ 1,643,341 $ 2,094,326
Other operations expense (793) (765) (1,587) (1,530)
Sales and marketing (50,171) (56,804) (93,113) (107,028)
General and administrative (60,803) (67,747) (118,478) (119,075)
Income from operations 76,705 149,196 153,591 264,493
Equity in income (loss) of unconsolidated entities 471 99 966 156
Other income, net 7,174 9,934 16,303 25,160
Income (loss) before income taxes 84,350 159,229 170,860 289,809
Homebuilding Operations        
Segment Reporting Information        
Total revenues 884,010 1,137,950 1,607,437 2,064,158
Other operations expense (793) (765) (1,587) (1,530)
Sales and marketing (50,171) (56,804) (93,113) (107,028)
General and administrative (60,803) (67,747) (118,478) (119,075)
Income from operations 72,360 143,112 144,362 253,942
Equity in income (loss) of unconsolidated entities 471 99 966 156
Other income, net 7,174 9,934 16,303 25,160
Financial Services        
Segment Reporting Information        
Total revenues 18,403 16,974 35,904 30,168
Financial services expense (14,058) (10,890) (26,675) (19,617)
Home sales revenue        
Segment Reporting Information        
Cost of home, land and lot sales (696,630) (865,681) (1,244,903) (1,572,985)
Home sales revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 879,832 1,133,008 1,600,618 2,051,361
Cost of home, land and lot sales (696,630) (865,681) (1,244,903) (1,572,985)
Land and lot sales revenue        
Segment Reporting Information        
Cost of home, land and lot sales (3,253) (3,841) (4,994) (9,598)
Land and lot sales revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 3,364 4,160 5,185 11,228
Cost of home, land and lot sales (3,253) (3,841) (4,994) (9,598)
Other operations revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 814 782 1,634 1,569
Operating Segments | Homebuilding Operations        
Segment Reporting Information        
Total revenues 884,010 1,137,950 1,607,437 2,064,158
Other operations expense (793) (765) (1,587) (1,530)
Sales and marketing (49,620) (56,569) (92,099) (106,434)
General and administrative (36,066) (37,625) (70,947) (68,669)
Financial services expense 0 0 0 0
Income from operations 99,460 175,780 196,189 309,251
Equity in income (loss) of unconsolidated entities 471 99 966 156
Other income, net 294 215 692 905
Income (loss) before income taxes 100,225 176,094 197,847 310,312
Operating Segments | Financial Services        
Segment Reporting Information        
Total revenues 18,403 16,974 35,904 30,168
Other operations expense 0 0 0 0
Sales and marketing 0 0 0 0
General and administrative 0 0 0 0
Financial services expense (14,058) (10,890) (26,675) (19,617)
Income from operations 4,345 6,084 9,229 10,551
Equity in income (loss) of unconsolidated entities 0 0 0 0
Other income, net 0 0 0 0
Income (loss) before income taxes 4,345 6,084 9,229 10,551
Operating Segments | West        
Segment Reporting Information        
Total revenues 474,474 677,649 876,223 1,231,239
Other operations expense (793) (765) (1,587) (1,530)
Sales and marketing (24,560) (30,579) (47,329) (57,818)
General and administrative (18,647) (20,928) (36,973) (39,027)
Financial services expense 0 0 0 0
Income from operations 54,916 104,053 108,597 181,212
Equity in income (loss) of unconsolidated entities 65 (9) 67 (18)
Other income, net 148 159 238 712
Income (loss) before income taxes 55,129 104,203 108,902 181,906
Operating Segments | Central        
Segment Reporting Information        
Total revenues 262,601 301,594 474,533 575,818
Other operations expense 0 0 0 0
Sales and marketing (17,227) (17,987) (30,564) (34,383)
General and administrative (9,285) (9,659) (18,086) (16,716)
Financial services expense 0 0 0 0
Income from operations 27,112 50,118 55,681 95,673
Equity in income (loss) of unconsolidated entities 406 164 899 169
Other income, net 146 5 450 139
Income (loss) before income taxes 27,664 50,287 57,030 95,981
Operating Segments | East        
Segment Reporting Information        
Total revenues 146,935 158,707 256,681 257,101
Other operations expense 0 0 0 0
Sales and marketing (7,833) (8,003) (14,206) (14,233)
General and administrative (8,134) (7,038) (15,888) (12,926)
Financial services expense 0 0 0 0
Income from operations 17,432 21,609 31,911 32,366
Equity in income (loss) of unconsolidated entities 0 (56) 0 5
Other income, net 0 51 4 54
Income (loss) before income taxes 17,432 21,604 31,915 32,425
Operating Segments | Home sales revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 879,832 1,133,008 1,600,618 2,051,361
Cost of home, land and lot sales (694,818) (863,370) (1,241,621) (1,568,676)
Operating Segments | Home sales revenue | Financial Services        
Segment Reporting Information        
Total revenues 0 0 0 0
Cost of home, land and lot sales 0 0 0 0
Operating Segments | Home sales revenue | West        
Segment Reporting Information        
Cost of home, land and lot sales (372,305) (519,000) (677,931) (944,732)
Operating Segments | Home sales revenue | West | Homebuilding Operations        
Segment Reporting Information        
Total revenues 470,305 674,391 870,827 1,221,812
Operating Segments | Home sales revenue | Central        
Segment Reporting Information        
Cost of home, land and lot sales (208,977) (222,313) (369,014) (426,368)
Operating Segments | Home sales revenue | Central | Homebuilding Operations        
Segment Reporting Information        
Total revenues 262,593 299,910 473,115 572,449
Operating Segments | Home sales revenue | East        
Segment Reporting Information        
Cost of home, land and lot sales (113,536) (122,057) (194,676) (197,576)
Operating Segments | Home sales revenue | East | Homebuilding Operations        
Segment Reporting Information        
Total revenues 146,934 158,707 256,676 257,100
Operating Segments | Land and lot sales revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 3,364 4,160 5,185 11,228
Cost of home, land and lot sales (3,253) (3,841) (4,994) (9,598)
Operating Segments | Land and lot sales revenue | Financial Services        
Segment Reporting Information        
Total revenues 0 0 0 0
Cost of home, land and lot sales 0 0 0 0
Operating Segments | Land and lot sales revenue | West        
Segment Reporting Information        
Cost of home, land and lot sales (3,253) (2,324) (3,806) (6,920)
Operating Segments | Land and lot sales revenue | West | Homebuilding Operations        
Segment Reporting Information        
Total revenues 3,364 2,480 3,785 7,869
Operating Segments | Land and lot sales revenue | Central        
Segment Reporting Information        
Cost of home, land and lot sales 0 (1,517) (1,188) (2,678)
Operating Segments | Land and lot sales revenue | Central | Homebuilding Operations        
Segment Reporting Information        
Total revenues 0 1,680 1,400 3,359
Operating Segments | Land and lot sales revenue | East        
Segment Reporting Information        
Cost of home, land and lot sales 0 0 0 0
Operating Segments | Land and lot sales revenue | East | Homebuilding Operations        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other operations revenue | Homebuilding Operations        
Segment Reporting Information        
Total revenues 814 782 1,634 1,569
Operating Segments | Other operations revenue | Financial Services        
Segment Reporting Information        
Total revenues 0 0 0 0
Operating Segments | Other operations revenue | West | Homebuilding Operations        
Segment Reporting Information        
Total revenues 805 778 1,611 1,558
Operating Segments | Other operations revenue | Central | Homebuilding Operations        
Segment Reporting Information        
Total revenues 8 4 18 10
Operating Segments | Other operations revenue | East | Homebuilding Operations        
Segment Reporting Information        
Total revenues 1 0 5 1
Corporate        
Segment Reporting Information        
Total revenues 0 0 0 0
Other operations expense 0 0 0 0
Sales and marketing (551) (235) (1,014) (594)
General and administrative (24,737) (30,122) (47,531) (50,406)
Financial services expense 0 0 0 0
Income from operations (27,100) (32,668) (51,827) (55,309)
Equity in income (loss) of unconsolidated entities 0 0 0 0
Other income, net 6,880 9,719 15,611 24,255
Income (loss) before income taxes (20,220) (22,949) (36,216) (31,054)
Corporate | Home sales revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Cost of home, land and lot sales (1,812) (2,311) (3,282) (4,309)
Corporate | Land and lot sales revenue        
Segment Reporting Information        
Total revenues 0 0 0 0
Cost of home, land and lot sales 0 0 0 0
Corporate | Other operations revenue        
Segment Reporting Information        
Total revenues $ 0 $ 0 $ 0 $ 0