Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (37,191) $ (35,906) $ (105,536) $ (101,004)
Interest expense (1,068) (53) (8,350) (233)
Other income, net 2,402 2,812 5,816 9,915
Earnings before income taxes 92,366 71,409 192,410 191,478
Operating Segments [Member] | Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue 1,695 6,847 12,747 25,991
Operating Income 97,542 73,672 209,649 193,621
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 5,582 6,321 16,315 16,192
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 41,237 34,671 83,619 88,854
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 31,979 24,319 72,795 64,162
Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 24,326 14,682 53,235 40,605
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (12,092) (11,343) (31,020) (28,017)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense (1,068) (53) (8,350) (233)
Other income, net [2] 2,402 2,812 5,816 9,915
Real Estate [Member]        
Segment Reporting Information [Line Items]        
Revenue 940,880 884,581 2,513,635 2,504,640
Real Estate [Member] | Operating Segments [Member] | Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 940,880 884,581 2,513,635 2,504,640
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 366,149 366,347 938,117 1,035,222
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 279,564 261,636 761,702 713,612
Real Estate [Member] | Operating Segments [Member] | Reportable Subsegments [Member] | Home Building [Member] | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [3] 295,167 256,598 813,816 755,806
Home Building [Member]        
Segment Reporting Information [Line Items]        
Revenue $ 939,185 $ 877,734 $ 2,500,888 $ 2,478,649
[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 nine months ended September 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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Land closing revenue:
 
 
 
 
 
 
 
West
$
—

 
$
268

 
$
30

 
$
14,658

Central
820

 
5,328

 
1,513

 
6,215

East
875

 
1,251

 
11,204

 
5,118

Total
$
1,695

 
$
6,847

 
$
12,747

 
$
25,991