Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Disaggregated Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2020		2019		2020		2019
Housing	$	694,700	$	597,870	$	1,254,149	$	1,064,178
Land sales	446		11,513		5,133		14,531
Financial services (a)	19,048		14,303		32,515		26,086
Total revenue	$	714,194	$	623,686	$	1,291,797	$	1,104,795

(a)Revenues include hedging losses of $7.0 million and $2.6 million for the three months ended June 30, 2020 and 2019, respectively, and $10.6 million and $6.0 million for the six months ended June 30, 2020 and 2019, respectively. Hedging losses do not represent revenues recognized from contracts with customers. Revenues for the three months ended June 30, 2020 include a $0.6 million reversal of the $1.0 million impairment charge taken on our mortgage serving rights during the first quarter of 2020. This $0.6 million was recorded as an increase in revenue. Revenues for the six months ended June 30, 2020 include a net $0.4 million impairment charge taken on our mortgage serving rights which was recorded as a reduction of revenue. The net impairment charge taken during the first half of 2020 was caused by the disruption in the mortgage industry as a result of the COVID-19 pandemic.