Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (47,192) $ (40,737) $ (128,297) $ (111,083)
Interest expense (79) (55) (246) (2,176)
Other income, net 1,268 1,188 3,443 3,313
Loss on early extinguishment of debt 0 0 (18,188) 0
Earnings before income taxes 261,709 135,506 643,337 338,201
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 4,224 4,315 12,599 10,942
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 8,470 4,870 25,225 16,954
Operating Income 269,599 143,608 678,402 356,610
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 95,167 53,423 238,356 140,059
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 90,579 52,394 232,537 119,208
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 83,853 37,791 207,509 97,343
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (13,303) (13,550) (32,673) (30,488)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense (79) (55) (246) (2,176)
Other income, net 1,268 1,188 3,443 3,313
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,259,905 1,138,091 3,621,285 3,072,183
Homebuilding | Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue [2] 1,259,905 1,138,091 3,621,285 3,072,183
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 460,089 434,289 1,305,684 1,198,782
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 383,206 353,208 1,109,228 909,692
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 416,610 350,594 1,206,373 963,709
Home closings        
Segment Reporting Information [Line Items]        
Revenue $ 1,251,435 $ 1,133,221 $ 3,596,060 $ 3,055,229
[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] 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,
2021 2020 2021 2020
Land closing revenue:
West $ 8,470  $ —  $ 21,426  $ 4,974 
Central —  3,301  3,799  7,901 
East —  1,569  —  4,079 
Total $ 8,470  $ 4,870  $ 25,225  $ 16,954