Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (52,140) $ (47,932) $ (99,659) $ (87,927)
Interest expense 0 0 0 (41)
Other income/(expense), net 12,862 (458) 21,706 (775)
Earnings before income taxes 239,524 331,695 404,827 617,578
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income (2,557) 4,079 366 7,413
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 24,379 3,434 41,764 44,912
Operating Income 239,291 335,001 404,267 624,665
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 52,283 115,403 91,092 236,259
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 83,491 100,203 148,782 175,463
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 103,517 119,395 164,393 212,943
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (10,072) (6,927) (21,512) (13,684)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense 0 0 0 (41)
Other income/(expense), net 12,862 (458) 21,706 (775)
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,567,400 1,412,381 2,846,708 2,699,315
Homebuilding | Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue [2] 1,567,400 1,412,381 2,846,708 2,699,315
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 528,977 487,803 963,114 982,309
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 458,709 424,036 884,159 779,660
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 579,714 500,542 999,435 937,346
Home closings        
Segment Reporting Information [Line Items]        
Revenue $ 1,543,021 $ 1,408,947 $ 2,804,944 $ 2,654,403
[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 June 30, Six Months Ended June 30,
2023 2022 2023 2022
Land closing revenue:
West $ 9,760  $ 1,725  $ 26,575  $ 32,807 
Central 1,908  1,709  2,478  9,505 
East 12,711  —  12,711  2,600 
Total $ 24,379  $ 3,434  $ 41,764  $ 44,912