XML 41 R29.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 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
September 30,		Nine Months Ended
September 30,
2024202320242023
(Dollars in thousands)
Homebuilding
West
$804,561 $651,472 $2,477,208 $1,845,964 
Mountain
340,034 284,142 1,016,284 931,367 
East
242,060 151,436 629,811 433,205 
Total homebuilding revenues
$1,386,655 $1,087,050 $4,123,303 $3,210,536 
Financial Services
Mortgage operations
$26,391 $12,098 $69,192 $53,275 
Other
16,966 11,671 43,097 32,599 
Total financial services revenues
$43,357 $23,769 $112,289 $85,874 
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
September 30,		Nine Months Ended
September 30,
2024202320242023
(Dollars in thousands)
Homebuilding
West
$81,270 $60,792 $248,004 $133,631 
Mountain
36,044 38,211 101,196 107,923 
East
12,732 15,891 38,304 45,349 
Corporate
(2,272)12,490 (130,396)23,538 
Total homebuilding pretax income (loss)$127,774 $127,384 $257,108 $310,441 
Financial Services
Mortgage operations
$14,257 $3,098 $35,130 $26,676 
Other
13,649 9,325 33,083 24,709 
Total financial services pretax income$27,906 $12,423 $68,213 $51,385 
Total pretax income$155,680 $139,807 $325,321 $361,826 
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, trade and other receivables 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.
September 30,
2024		December 31,
2023
(Dollars in thousands)
Homebuilding assets
West
$2,005,497 $2,155,357 
Mountain
1,041,949 874,031 
East
539,484 459,078 
Corporate
977,594 1,608,726 
Total homebuilding assets$4,564,524 $5,097,192 
Financial services assets
Mortgage operations
$270,317 $295,092 
Other
270,860 238,801 
Total financial services assets$541,177 $533,893 
Total assets$5,105,701 $5,631,085