Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.2
OPERATING AND REPORTING SEGMENTS - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Corporate and unallocated costs $ (53,184) $ (52,140) $ (103,916) $ (99,659)
Interest expense 0 0 0 0
Other income, net 11,498 12,862 20,520 21,706
Earnings before income taxes 297,361 239,524 531,376 404,827
Operating Segments [Member] | Financial Services [Member]        
Segment Reporting Information [Line Items]        
Operating Income 4,837 (2,557) 4,147 366
Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue 0 24,379 2,305 41,764
Operating Income 293,601 239,291 532,245 404,267
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Operating Income 100,779 52,283 172,043 91,092
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Operating Income 82,613 83,491 155,716 148,782
Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Operating Income 110,209 103,517 204,486 164,393
Corporate and Unallocated [Member]        
Segment Reporting Information [Line Items]        
Corporate and unallocated costs [1] (11,944) (10,072) (24,905) (21,512)
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Interest expense 0 0 0 0
Other income, net 11,498 12,862 20,520 21,706
Homebuilding        
Segment Reporting Information [Line Items]        
Revenue 1,693,738 1,567,400 3,162,139 2,846,708
Homebuilding | Operating Segments [Member] | Homebuilding Segment        
Segment Reporting Information [Line Items]        
Revenue [2] 1,693,738 1,567,400 3,162,139 2,846,708
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | West [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 622,837 528,977 1,138,469 963,114
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | Central [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 459,180 458,709 886,745 884,159
Homebuilding | Operating Segments [Member] | Reportable Subsegments [Member] | Homebuilding Segment | East [Member]        
Segment Reporting Information [Line Items]        
Revenue [2] 611,721 579,714 1,136,925 999,435
Home closings        
Segment Reporting Information [Line Items]        
Revenue $ 1,693,738 $ 1,543,021 $ 3,159,834 $ 2,804,944
[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,
2024 2023 2024 2023
Land closing revenue:
West $ —  $ 9,760  $ —  $ 26,575 
Central —  1,908  —  2,478 
East —  12,711  2,305  12,711 
Total $ —  $ 24,379  $ 2,305  $ 41,764