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REPORTING SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of Reporting Segments
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
Financial Services
Taylor Morrison Home Funding, LLC (“TMHF”) and Inspired Title Services, LLC (“Inspired Title”)
Summary of Segment Information
Segment information is as follows (in thousands):

 
 
Three Months Ended June 30, 2018
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Total revenues
 
$
360,472

 
$
298,112

 
$
305,978

 
$
16,266

 
$

 
$
980,828

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
65,128

 
53,653

 
54,816

 
5,114

 

 
178,711

Selling, general and administrative expenses
 
(31,105
)
 
(26,122
)
 
(20,061
)
 

 
(22,777
)
 
(100,065
)
Equity in income of unconsolidated entities
 
128

 
374

 
1,476

 
2,039

 

 
4,017

Interest and other (expense), net
 
(122
)
 
(130
)
 
(101
)
 

 
(3,025
)
 
(3,378
)
Income/(loss) before income taxes
 
$
34,029

 
$
27,775

 
$
36,130

 
$
7,153

 
$
(25,802
)
 
$
79,285


 
 
Three Months Ended June 30, 2017
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Total revenues
 
$
320,053

 
$
267,562

 
$
305,245

 
$
15,634

 
$

 
$
908,494

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
68,988

 
48,413

 
48,487

 
5,532

 

 
171,420

Selling, general and administrative expenses
 
(29,337
)
 
(25,933
)
 
(18,854
)
 

 
(21,286
)
 
(95,410
)
Equity in income of unconsolidated entities
 

 
226

 
685

 
2,160

 


 
3,071

Interest and other (expense)/income, net
 
(129
)
 
602

 
(67
)
 

 
(1,081
)
 
(675
)
Income/(loss) before income taxes
 
$
39,522

 
$
23,308


$
30,251


$
7,692


$
(22,367
)

$
78,406

 
 
Six Months Ended June 30, 2018
 
 
East
 
Central
 
West
 
Financial
Services
 
Corporate
and
Unallocated
 
Total
Total revenues
 
$
645,279

 
$
512,224

 
$
545,186

 
$
30,472

 
$

 
$
1,733,161

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
117,417

 
94,280

 
100,840

 
9,276

 

 
321,813

Selling, general and administrative expenses
 
(59,738
)
 
(48,402
)
 
(35,626
)
 

 
(43,314
)
 
(187,080
)
Equity in income of unconsolidated entities
 
239

 
755

 
2,571

 
3,698

 

 
7,263

Interest and other (expense), net
 
(600
)
 
(238
)
 
(81
)
 

 
(2,554
)
 
(3,473
)
Income/(loss) before income taxes
 
$
57,318

 
$
46,395

 
$
67,704

 
$
12,974

 
$
(45,868
)
 
$
138,523


 
 
Six Months Ended June 30, 2017
 
 
East
 
Central
 
West
 
Financial
Services
 
Corporate
and
Unallocated
 
Total
Total revenues
 
$
583,718

 
$
473,819

 
$
590,164

 
$
29,883

 
$

 
$
1,677,584

 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin
 
122,346

 
85,621

 
94,067

 
11,079

 

 
313,113

Selling, general and administrative expenses
 
(56,506
)
 
(47,425
)
 
(37,907
)
 

 
(42,317
)
 
(184,155
)
Equity in income of unconsolidated entities
 

 
58

 
602

 
3,496

 

 
4,156

Interest and other (expense)/income, net
 
(213
)
 
258

 
(192
)
 

 
(87
)
 
(234
)
Income/(loss) before income taxes
 
$
65,627

 
$
38,512

 
$
56,570

 
$
14,575

 
$
(42,404
)
 
$
132,880

 
 
As of June 30, 2018
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Real estate inventory and land deposits
 
$
1,253,377

 
$
913,502

 
$
1,069,338

 
$

 
$

 
$
3,236,217

Investments in unconsolidated entities
 
30,250

 
34,763

 
120,705

 
4,015

 

 
189,733

Other assets
 
76,418

 
114,518

 
35,082

 
149,492

 
419,361

 
794,871

Total assets
 
$
1,360,045

 
$
1,062,783

 
$
1,225,125

 
$
153,507

 
$
419,361

 
$
4,220,821


Summary of Assets by Segment
 
 
As of June 30, 2018
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Real estate inventory and land deposits
 
$
1,253,377

 
$
913,502

 
$
1,069,338

 
$

 
$

 
$
3,236,217

Investments in unconsolidated entities
 
30,250

 
34,763

 
120,705

 
4,015

 

 
189,733

Other assets
 
76,418

 
114,518

 
35,082

 
149,492

 
419,361

 
794,871

Total assets
 
$
1,360,045

 
$
1,062,783

 
$
1,225,125

 
$
153,507

 
$
419,361

 
$
4,220,821


 
 
 
As of December 31, 2017
 
 
East
 
Central
 
West
 
Financial Services
 
Corporate
and
Unallocated
 
Total
Real estate inventory and land deposits
 
$
1,150,918

 
$
818,431

 
$
1,039,655

 
$

 
$

 
$
3,009,004

Investments in unconsolidated entities
 
29,316

 
32,874

 
126,559

 
3,615

 

 
192,364

Other assets
 
85,753

 
124,593

 
53,492

 
225,641

 
635,046

 
1,124,525

Total assets
 
$
1,265,987

 
$
975,898

 
$
1,219,706

 
$
229,256

 
$
635,046

 
$
4,325,893