OPERATING AND REPORTING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

The following segment information is in thousands: 

	Three Months Ended March 31,
	2022		2021
Homebuilding revenue (1):
West	$	494,506	$	393,430
Central	355,624		322,184
East	436,804		368,167
Consolidated total	$	1,286,934	$	1,083,781
Homebuilding segment operating income:
West	$	120,856	$	64,251
Central	75,260		56,993
East	93,548		50,179
Total homebuilding segment operating income	289,664		171,423
Financial services segment profit	3,334		3,760
Corporate and unallocated costs (2)	(6,757)		(9,914)
Interest expense	(41)		(90)
Other (expense)/income, net	(317)		798
Net earnings before income taxes	$	285,883	$	165,977

(1)Homebuilding revenue includes the following land closing revenue, by segment:

	Three Months Ended March 31,
	2022		2021
Land closing revenue:
West	$	31,082	$	—
Central	7,796		3,799
East	2,600		—
Total	$	41,478	$	3,799

(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 March 31, 2022
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	25,636		$	10,461		$	57,335		$	—	$	—		$	93,432
Real estate	1,668,976			1,175,478			1,183,496			—		—			4,027,950
Investments in unconsolidated entities	81			2,951			1,707			—		892			5,631
Other assets	68,328		(1)	195,978		(2)	110,971		(3)	724		555,147		(4)	931,148
Total assets	$	1,763,021		$	1,384,868		$	1,353,509		$	724	$	556,039		$	5,058,161

(1)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and property and equipment.

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

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

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

	At December 31, 2021
	West			Central			East			Financial Services		Corporate  and Unallocated			Total
Deposits on real estate under option or contract	$	26,687		$	11,132		$	52,860		$	—	$	—		$	90,679
Real estate	1,571,477			1,076,300			1,086,631			—		—			3,734,408
Investments in unconsolidated entities	87			2,974			1,707			—		996			5,764
Other assets	66,897		(1)	199,791		(2)	102,073		(3)	610		607,311		(4)	976,682
Total assets	$	1,665,148		$	1,290,197		$	1,243,271		$	610	$	608,307		$	4,807,533

(1)Balance consists primarily of cash and cash equivalents, development reimbursements from local municipalities and property and equipment.

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

(3)Balance consists primarily of cash and cash equivalents, real estate not owned, goodwill, prepaid expenses and other assets and property and equipment.

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