Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of Reconciliation of Revenue from Segments to Consolidated

The following table summarizes revenues for our homebuilding and financial services operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Dollars in thousands)
Homebuilding
West	$	842,561	$	616,559	$	1,672,647	$	1,194,492
Mountain	366,071		346,070		676,250		647,225
East	202,814		140,841		387,751		281,769
Total homebuilding revenues	$	1,411,446	$	1,103,470	$	2,736,648	$	2,123,486
Financial Services
Mortgage operations	$	23,150	$	22,758	$	42,801	$	41,177
Other	14,430		9,861		26,131		20,928
Total financial services revenues	$	37,580	$	32,619	$	68,932	$	62,105

Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table summarizes pretax income (loss) for our homebuilding and financial services operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Dollars in thousands)
Homebuilding
West	$	84,607	$	29,639	$	166,734	$	72,839
Mountain	39,610		44,676		65,152		69,712
East	12,898		14,149		25,572		29,458
Corporate	(116,357)		3,594		(128,124)		11,048
Total homebuilding pretax income	$	20,758	$	92,058	$	129,334	$	183,057
Financial Services
Mortgage operations	$	11,672	$	13,852	$	20,873	$	23,578
Other	10,971		7,140		19,434		15,384
Total financial services pretax income	$	22,643	$	20,992	$	40,307	$	38,962
Total pretax income	$	43,401	$	113,050	$	169,641	$	222,019

Schedule of Reconciliation of Assets from Segment to Consolidated

The following table summarizes total assets for our homebuilding and financial services operations. The assets in our West, Mountain and East segments consist primarily of inventory while the assets in our Corporate segment primarily include our cash and cash equivalents, marketable securities and deferred tax assets. The assets in our financial services segment consist mostly of cash and cash equivalents, marketable securities and mortgage loans held-for-sale.

	June 30, 2024		December 31, 2023
	(Dollars in thousands)
Homebuilding assets
West	$	2,027,316	$	2,155,357
Mountain	973,108		874,031
East	518,303		459,078
Corporate	964,318		1,608,726
Total homebuilding assets	$	4,483,045	$	5,097,192
Financial services assets
Mortgage operations	$	329,088	$	295,092
Other	259,087		238,801
Total financial services assets	$	588,175	$	533,893
Total assets	$	5,071,220	$	5,631,085