Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Table Text Block]

Following are the major classes of depreciable assets and their estimated useful lives:


	Year Ended December 31,
(In thousands)	2021			2020

Office furnishings, leasehold improvements, computer equipment and computer software	$	38,178		$	37,567
Transportation and construction equipment	20,540		(a)	10,045

Property and equipment	58,718			47,612
Accumulated depreciation	(21,070)			(21,000)
Property and equipment, net	$	37,648		$	26,612


			Estimated Useful Lives

Office furnishings, leasehold improvements, computer equipment and computer software			3-7 years
Transportation and construction equipment (a)			5-25 years

(a)During the fourth quarter of 2021, the Company sold its airplane and purchased another airplane for a net change in asset value of $10.5 million. The asset is included in the table above within Transportation and construction equipment and within Property and Equipment - Net on our Consolidated Balance Sheet. Depreciation is computed using the straight-line method over the respective estimated useful lives of the parts of the airplane. Maintenance and repair expenditures are charged to selling, general and administrative expense as incurred. The sale of the airplane was with an unrelated party and resulted in a gain of $1.9 million that is included in Other income on the Company’s Consolidated Statement of Operations.

Schedule of Other Assets [Table Text Block]

Other assets at December 31, 2021 and 2020 consisted of the following:


	Year Ended December 31,
(In thousands)	2021		2020
Development reimbursement receivable from local municipalities	$	29,062	$	22,237
Mortgage servicing rights	8,361		9,237
Prepaid expenses	15,591		15,918
Prepaid acquisition costs	8,186		10,092
Other	41,826		37,691
Total other assets	$	103,026	$	95,175

Other Liabilities [Table Text Block]

Other liabilities at December 31, 2021 and 2020 consisted of the following:


	Year Ended December 31,
(In thousands)	2021		2020
Accruals related to land development	$	90,786	$	64,580
Warranty	29,728		29,012
Payroll and other benefits	51,724		44,330
Other	54,731		45,661
Total other liabilities	$	226,969	$	183,583

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:


	Year Ended December 31,
(Dollars in thousands)	2021		2020		2019

Housing	$	3,630,469	$	2,939,962	$	2,420,348
Land sales	13,390		19,170		24,619
Financial services (a)	102,028		87,013		55,323
Total revenue	$	3,745,887	$	3,046,145	$	2,500,290

(a)Revenues include hedging gains of $1.6 million for the year ended December 31, 2021 and losses of $19.0 million and $12.1 million for the years ended December 31, 2020 and 2019, respectively. Hedging gains (losses) do not represent revenues recognized from contracts with customers.