Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Inventory impairments | $ (15,203) | $ (4,500) | $ (15,203) | |
| Income before income taxes | $ 39,201 | 73,514 | 30,224 | 167,014 |
| Provision for income taxes | (9,532) | (15,429) | (9,309) | (32,376) |
| Net income | $ 29,669 | $ 58,085 | 20,915 | 134,638 |
| Homebuilding: | ||||
| Revenue from Contract with Customer, Product and Service [Extensible List] | Home Sales | Home Sales | ||
| Revenues | $ 1,339,630 | $ 1,752,976 | 2,548,698 | 3,264,054 |
| Home cost of sales | (1,122,620) | (1,477,585) | (2,140,872) | (2,717,965) |
| Inventory impairments | 0 | (15,203) | (4,500) | (15,203) |
| Total cost of sales | (1,124,905) | (1,499,088) | (2,152,729) | (2,743,067) |
| Gross margin | 214,725 | 253,888 | 395,969 | 520,987 |
| Selling, general and administrative expenses | (190,678) | (204,275) | (383,806) | (395,767) |
| Interest and other income | 2,751 | 6,268 | 3,835 | 13,372 |
| Other expense | (890) | (5,502) | (4,582) | (9,381) |
| Income before income taxes | 25,908 | 50,379 | 11,416 | 129,211 |
| Homebuilding: | Home sale revenues | ||||
| Revenues | 1,336,791 | 1,745,025 | 2,538,846 | 3,251,400 |
| Total cost of sales | (1,122,620) | (1,492,788) | (2,145,372) | (2,733,168) |
| Homebuilding: | Land sale revenues | ||||
| Revenues | 2,839 | 3,122 | 9,852 | 4,565 |
| Total cost of sales | (2,285) | (2,710) | (7,357) | (3,470) |
| Homebuilding: | Other revenues | ||||
| Revenues | 0 | 4,829 | 0 | 8,089 |
| Total cost of sales | $ 0 | $ (3,590) | 0 | (6,429) |
| Financial Services: | ||||
| Revenue from Contract with Customer, Product and Service [Extensible List] | Financial Revenue | Financial Revenue | ||
| Revenues | $ 32,135 | $ 49,267 | 59,812 | 87,781 |
| Other expense | 3,140 | 4,133 | 6,002 | 7,942 |
| Expenses | (21,982) | (30,265) | (47,006) | (57,920) |
| Other income, net | 3,140 | 4,133 | 6,002 | 7,942 |
| Income before income taxes | $ 13,293 | $ 23,135 | $ 18,808 | $ 37,803 |
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- Definition Cost of material used for good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of loss from reductions in inventory due to subsequent measurement adjustments, including, but not limited to, physical deterioration, obsolescence, or changes in price levels. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Indicates product and service for revenue from satisfaction of performance obligation by transferring promised product and service to customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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