Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021

Office furnishings, leasehold improvements, computer equipment and computer software	$	38,489	$	38,178
Transportation and construction equipment	20,735		20,540		(a)

Property and equipment	59,224		58,718
Accumulated depreciation	(21,778)		(21,070)
Property and equipment, net	$	37,446	$	37,648


			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, 2022 and 2021 consisted of the following:


	Year Ended December 31,
(In thousands)	2022		2021
Development reimbursement receivable from local municipalities	$	57,078	$	29,062
Mortgage servicing rights	15,813		8,361
Prepaid expenses	18,258		15,591
Prepaid acquisition costs	5,737		8,186
Other	51,519		41,826
Total other assets	$	148,405	$	103,026

Other Liabilities [Table Text Block]

Other liabilities at December 31, 2022 and 2021 consisted of the following:


	Year Ended December 31,
(In thousands)	2022		2021
Accruals related to land development	$	119,965	$	90,786
Warranty	32,902		29,728
Payroll and other benefits	59,409		51,724
Other	63,941		54,731
Total other liabilities	$	276,217	$	226,969

Disaggregation of Revenue [Table Text Block]

The following table presents our revenues disaggregated by revenue source:


	Year Ended December 31,
(Dollars in thousands)	2022		2021		2020

Housing	$	4,010,427	$	3,630,469	$	2,939,962
Land sales	34,771		13,390		19,170
Financial services (a)	86,195		102,028		87,013
Total revenue	$	4,131,393	$	3,745,887	$	3,046,145

(a)Revenues include hedging gains of $49.4 million for the year ended December 31, 2022, hedging gains of $1.6 million for the year ended December 31, 2021, and hedging losses of $19.0 million for the year ended December 31, 2020. Hedging gains (losses) do not represent revenues recognized from contracts with customers.