Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (63,091) $ (48,443) $ (162,750) $ (136,370)
Interest expense 0 0 0 (41)
Other income/(expense), net 13,331 (74) 35,037 (849)
Loss on early extinguishment of debt (907) 0 (907) 0
Earnings before income taxes 285,734 329,491 690,561 947,069
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 5,700 4,842 6,066 12,255
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 2,783 8,989 44,547 53,901
Operating Income 288,778 338,073 693,045 962,738
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 94,885 121,060 185,977 357,319
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 84,575 112,141 233,357 287,604
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 109,318 104,872 273,711 317,815
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (21,168) (13,350) (42,680) (27,034)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense 0 0 0 (41)
Other income/(expense), net 13,331 (74) 35,037 (849)
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,613,100 1,578,021 4,459,808 4,277,336
Homebuilding | Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue [2] 1,613,100 1,578,021 4,459,808 4,277,336
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 606,833 598,147 1,569,947 1,580,456
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 454,228 500,582 1,338,387 1,280,242
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 552,039 479,292 1,551,474 1,416,638
Home closings        
Segment Reporting Information [Line Items]        
Revenue $ 1,610,317 $ 1,569,032 $ 4,415,261 $ 4,223,435
[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,
2023 2022 2023 2022
Land closing revenue:
West $ —  $ 8,120  $ 26,575  $ 40,927 
Central 1,541  869  4,019  10,374 
East 1,242  —  13,953  2,600 
Total $ 2,783  $ 8,989  $ 44,547  $ 53,901