Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (59,198) $ (63,091) $ (163,114) $ (162,750)
Interest expense 0 0 0 0
Other income, net 10,682 13,331 31,202 35,037
Earnings before income taxes 249,932 285,734 781,308 690,561
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 3,101 5,700 7,248 6,066
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 2,665 2,783 4,970 44,547
Operating Income 254,216 288,778 786,461 693,045
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 93,891 94,885 265,934 185,977
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 68,198 84,575 223,914 233,357
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 92,127 109,318 296,613 273,711
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (18,067) (21,168) (42,972) (42,680)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense 0 0 0 0
Other income, net 10,682 13,331 31,202 35,037
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,588,449 1,613,100 4,750,588 4,459,808
Homebuilding | Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue [2] 1,588,449 1,613,100 4,750,588 4,459,808
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 594,509 606,833 1,732,978 1,569,947
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 418,927 454,228 1,305,672 1,338,387
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 575,013 552,039 1,711,938 1,551,474
Home closings        
Segment Reporting Information [Line Items]        
Revenue $ 1,585,784 $ 1,610,317 $ 4,745,618 $ 4,415,261
[1] Balance consists primarily of corporate costs and shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.
[2]
Three Months Ended September 30, Nine Months Ended September 30,
2024 2023 2024 2023
Land closing revenue:
West $ —  $ —  $ —  $ 26,575 
Central 2,125  1,541  2,125  4,019 
East 540  1,242  2,845  13,953 
Total $ 2,665  $ 2,783  $ 4,970  $ 44,547