Reporting Segments

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Reporting Segments

REPORTING SEGMENTS

We have multiple homebuilding operating components which are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service. We aggregate our homebuilding operating components into reporting segments, East, Central, and West, based on similar long-term economic characteristics. We also have a mortgage and title services reporting segment. We have no inter-segment sales as all sales are to external customers.

As of March 31, 2017 we realigned our homebuilding operating divisions within our existing segments based on geographic location and management's long term strategic plans. As a result, historical periods in the segment information have been reclassified to give effect to the segment realignment.

Our reporting segments are as follows:

East	Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida and Tampa
Central	Austin, Dallas and Houston (both include a Taylor Morrison division and a Darling Homes division), and Denver
West	Bay Area, Phoenix, Sacramento and Southern California
Mortgage Operations	Taylor Morrison Home Funding and Inspired Title

Segment information is as follows (in thousands):

	Three Months Ended March 31, 2017
	East			Central			West			Mortgage Operations		Corporate and Unallocated			Total
Total revenues	$	263,665		$	206,257		$	284,919		$	14,249	$	—		$	769,090
Gross margin	53,358			37,208			45,580			5,547		—			141,693
Selling, general and administrative expenses	(27,169		)	(21,492		)	(19,053		)	—		(21,031		)	(88,745		)
Equity in income of unconsolidated entities	—			(168		)	(83		)	1,336		—			1,085
Interest and other (expense)/income, net	(84		)	(344		)	(125		)	—		994			441
Income/(loss) before income taxes	$	26,105		$	15,204		$	26,319		$	6,883	$	(20,037	)	$	54,474

	Three Months Ended March 31, 2016
	East			Central			West			Mortgage Operations		Corporate and Unallocated			Total
Total revenues	$	181,725		$	222,567		$	231,398		$	9,639	$	—		$	645,329
Gross margin	37,778			40,224			37,524			3,115		—			118,641
Selling, general and administrative expenses	(21,996		)	(21,613		)	(16,406		)	—		(17,250		)	(77,265		)
Equity in (loss)/income of unconsolidated entities	—			(57		)	244			595		—			782
Interest and other (expense)/income, net	(1,246		)	(1,643		)	227			—		(505		)	(3,167		)
Income/(loss) before income taxes	$	14,536		$	16,911		$	21,589		$	3,710	$	(17,755	)	$	38,991

	As of March 31, 2017
	East		Central		West		Mortgage Operations		Corporate and Unallocated		Total
Real estate inventory and land deposits	$	1,143,204	$	862,457	$	1,094,320	$	—	$	—	$	3,099,981
Investments in unconsolidated entities	26,073		29,977		112,150		3,615		—		171,815
Other assets	69,049		119,868		30,059		145,003		512,970		876,949
Total assets	$	1,238,326	$	1,012,302	$	1,236,529	$	148,618	$	512,970	$	4,148,745

	As of December 31, 2016
	East		Central		West		Mortgage Operations		Corporate and Unallocated		Total
Real estate inventory and land deposits	$	1,110,340	$	829,354	$	1,114,758	$	—	$	—	$	3,054,452
Investments in unconsolidated entities	25,923		30,146		98,625		3,215		—		157,909
Other assets	80,320		139,383		43,304		269,131		476,427		1,008,565
Total assets	$	1,216,583	$	998,883	$	1,256,687	$	272,346	$	476,427	$	4,220,926