Quarterly report pursuant to Section 13 or 15(d)

OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details)

v3.19.2
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (34,779) $ (34,205) $ (68,345) $ (65,098)
Interest expense (3,197) (44) (7,282) (180)
Other income, net 2,368 1,778 3,414 7,103
Earnings before income taxes 67,674 71,185 100,044 120,069
Operating Segments [Member] | Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue 1,557 5,112 11,052 19,144
Operating Income 71,770 73,202 112,107 119,949
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 6,031 5,651 10,733 9,871
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 24,074 33,062 42,382 54,183
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 28,480 25,576 40,816 39,843
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 19,216 14,564 28,909 25,923
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (9,298) (9,402) (18,928) (16,674)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense (3,197) (44) (7,282) (180)
Other income, net [2] 2,368 1,778 3,414 7,103
Real Estate [Member]        
Segment Reporting Information [Line Items]        
Revenue 864,610 877,495 1,572,755 1,620,059
Real Estate [Member] | Operating Segments [Member] | Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 864,610 877,495 1,572,755 1,620,059
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 299,002 351,647 571,968 668,875
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 290,532 260,106 482,138 451,976
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 275,076 265,742 518,649 499,208
Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue $ 863,053 $ 872,383 $ 1,561,703 $ 1,600,915
[1]
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.
[2]
For the six months ended June 30, 2018, Other income, net includes a favorable $4.8 million legal settlement from long-standing litigation related to a previous joint venture in Nevada.
[3]
Homebuilding revenue includes the following land closing revenue, by segment, as outlined in the table below:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Land closing revenue:
 
 
 
 
 
 
 
West
$
30

 
$
1,935

 
$
30

 
$
14,390

Central
693

 
762

 
693

 
887

East
834

 
2,415

 
10,329

 
3,867

Total
$
1,557

 
$
5,112

 
$
11,052

 
$
19,144