Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Homebuilding segment operating income:                      
Corporate and unallocated costs                 $ (159,020) $ (146,093) $ (138,478)
Interest expense                 (2,177) (8,370) (785)
Other income, net                 6,662 9,577 11,217
Loss on early extinguishment of debt                 0 (5,635) 0
Earnings before income taxes $ 195,365 $ 135,506 $ 115,862 $ 86,833 $ 110,535 $ 92,366 $ 67,674 $ 32,370 533,566 302,945 283,254
Operating Segments [Member] | Homebuilding                      
Homebuilding segment operating income:                      
Operating Income                 557,091 330,406 287,299
Operating Segments [Member] | Financial Services [Member]                      
Homebuilding segment operating income:                      
Operating Income                 16,388 20,579 24,044
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | West [Member]                      
Homebuilding segment operating income:                      
Operating Income                 213,918 141,435 134,852
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | Central [Member]                      
Homebuilding segment operating income:                      
Operating Income                 185,202 101,686 92,925
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | East [Member]                      
Homebuilding segment operating income:                      
Operating Income                 157,971 87,285 59,522
Corporate and Unallocated [Member]                      
Homebuilding segment operating income:                      
Corporate and unallocated costs [1]                 (44,398) (43,612) (38,521)
Segment Reconciling Items [Member]                      
Homebuilding segment operating income:                      
Interest expense                 (2,177) (8,370) (785)
Other income, net [2]                 6,662 9,577 11,217
Real Estate [Member]                      
Homebuilding revenue:                      
Revenue $ 1,409,937 $ 1,138,091 $ 1,033,079 $ 901,013 $ 1,136,848 $ 940,880 $ 864,610 $ 708,145 4,482,120 3,650,483 3,513,419
Real Estate [Member] | Operating Segments [Member] | Homebuilding                      
Homebuilding revenue:                      
Revenue [3]                 4,482,120 3,650,483 3,513,419
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | West [Member]                      
Homebuilding revenue:                      
Revenue [3]                 1,800,223 1,422,516 1,436,334
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | Central [Member]                      
Homebuilding revenue:                      
Revenue [3]                 1,282,339 1,038,052 1,013,878
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding | East [Member]                      
Homebuilding revenue:                      
Revenue [3]                 $ 1,399,558 $ 1,189,915 $ 1,063,207
[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 reporting segments.
[2] For the year ended December 31, 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:
Years Ended December 31,
Land closing revenue: 2020 2019 2018
West $ 4,974  $ 12,463  $ 18,508 
Central 8,678  4,297  7,657 
East 4,079  29,094  12,542 
Total $ 17,731  $ 45,854  $ 38,707