OPERATING AND REPORTING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2020

The following segment information is in thousands:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
Homebuilding revenue ⁽¹⁾:
West	$	434,289	$	366,149	$	1,198,782	$	938,117
Central	353,208		279,564		909,692		761,702
East	350,594		295,167		963,709		813,816
Consolidated total	$	1,138,091	$	940,880	$	3,072,183	$	2,513,635
Homebuilding segment operating income:
West	$	53,423	$	41,237	$	140,059	$	83,619
Central	52,394		31,979		119,208		72,795
East	37,791		24,326		97,343		53,235
Total homebuilding segment operating income	143,608		97,542		356,610		209,649
Financial services segment profit	4,315		5,582		10,942		16,315
Corporate and unallocated costs ⁽²⁾	(13,550)		(12,092)		(30,488)		(31,020)
Interest expense	(55)		(1,068)		(2,176)		(8,350)
Other income, net	1,188		2,402		3,313		5,816
Net earnings before income taxes	$	135,506	$	92,366	$	338,201	$	192,410

(1)Homebuilding revenue includes the following land closing revenue, by segment, as outlined in the table below:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020		2019		2020		2019
Land closing revenue:
West	$	—	$	—	$	4,974	$	30
Central	3,301		820		7,901		1,513
East	1,569		875		4,079		11,204
Total	$	4,870	$	1,695	$	16,954	$	12,747

(2)Balance consists primarily of corporate costs and numerous shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.

Schedule of Segment Assets


	At September 30, 2020
	West			Central			East			Financial Services		Corporate and Unallocated			Total
Deposits on real estate under option or contract	$	24,085		$	12,807		$	26,075		$	—	$	—		$	62,967
Real estate	1,198,314			716,968			825,734			—		—			2,741,016
Investments in unconsolidated entities	260			2,987			—			—		572			3,819
Other assets	47,869		(1)	113,800		(2)	87,300		(3)	564		629,983		(4)	879,516
Total assets	$	1,270,528		$	846,562		$	939,109		$	564	$	630,555		$	3,687,318

(1)Balance consists primarily of cash and property and equipment.

(2)Balance consists primarily of cash, development reimbursements from local municipalities and prepaid expenses and other assets.

(3)Balance consists primarily of cash, goodwill (see Note 9), prepaid expenses and other assets and property and equipment.

(4)Balance consists primarily of cash, our deferred tax asset and prepaid expenses and other assets.


	At December 31, 2019
	West			Central			East			Financial Services		Corporate and Unallocated			Total
Deposits on real estate under option or contract	$	10,568		$	10,963		$	29,370		$	—	$	—		$	50,901
Real estate	1,223,949			708,786			811,626			—		—			2,744,361
Investments in unconsolidated entities	260			3,508			—			—		675			4,443
Other assets	58,173		(1)	107,791		(2)	83,475		(3)	765		348,340		(4)	598,544
Total assets	$	1,292,950		$	831,048		$	924,471		$	765	$	349,015		$	3,398,249

(1)Balance consists primarily of cash and property and equipment.

(2)Balance consists primarily of development reimbursements from local municipalities and prepaid expenses and other assets.

(3)Balance consists primarily of goodwill, prepaid expenses and other assets, and property and equipment.

(4)Balance consists primarily of cash.