REPORTING SEGMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2018
	East			Central			West			Financial Services		Corporate and Unallocated			Total
Total revenues	$	393,476		$	277,441		$	348,421		$	17,041	$	—		$	1,036,379
Gross margin	70,427			47,715			74,267			6,590		—			198,999
Selling, general and administrative expenses	(32,182		)	(25,612		)	(20,630		)	—		(22,096		)	(100,520		)
Equity in income of unconsolidated entities	137			196			1,309			872		—			2,514
Interest and other (expense)/income, net	(247		)	204			84			—		(169		)	(128		)
Income/(loss) before income taxes	$	38,135		$	22,503		$	55,030		$	7,462	$	(22,265	)	$	100,865

	Three Months Ended September 30, 2017
	East			Central			West			Financial Services		Corporate and Unallocated			Total
Total revenues	$	312,539		$	256,842		$	321,167		$	17,479	$	—		$	908,027
Gross margin	63,188			47,797			54,924			5,409		—			171,318
Selling, general and administrative expenses	(28,469		)	(25,108		)	(19,087		)	—		(22,186		)	(94,850		)
Equity in income of unconsolidated entities	—			693			924			1,170		—			2,787
Interest and other (expense)/income, net	(7		)	(87		)	46			—		(232		)	(280		)
Income/(loss) before income taxes	$	34,712		$	23,295		$	36,807		$	6,579	$	(22,418	)	$	78,975

	Nine Months Ended September 30, 2018
	East			Central			West			Financial Services		Corporate and Unallocated			Total
Total revenues	$	1,038,756		$	789,665		$	893,606		$	47,513	$	—		$	2,769,540
Gross margin	187,844			141,994			175,108			15,866		—			520,812
Selling, general and administrative expenses	(91,920		)	(74,015		)	(56,256		)	—		(65,410		)	(287,601		)
Equity in income of unconsolidated entities	378			951			3,879			4,569		—			9,777
Interest and other (expense)/income, net	(846		)	(34		)	2			—		(2,722		)	(3,600		)
Income/(loss) before income taxes	$	95,456		$	68,896		$	122,733		$	20,435	$	(68,132	)	$	239,388

	Nine Months Ended September 30, 2017
	East			Central			West			Financial Services		Corporate and Unallocated			Total
Total revenues	$	896,258		$	730,659		$	911,332		$	47,362	$	—		$	2,585,611
Gross margin	185,534			133,418			148,991			16,488		—			484,431
Selling, general and administrative expenses	(84,975		)	(72,533		)	(56,994		)	—		(64,503		)	(279,005		)
Equity in income of unconsolidated entities	—			751			1,526			4,666		—			6,943
Interest and other (expense)/income, net	(220		)	171			(146		)	—		(319		)	(514		)
Income/(loss) before income taxes	$	100,339		$	61,807		$	93,377		$	21,154	$	(64,822	)	$	211,855

	As of September 30, 2018
	East		Central		West		Financial Services		Corporate and Unallocated		Total
Real estate inventory and land deposits	$	1,281,339	$	982,257	$	1,053,370	$	—	$	—	$	3,316,966
Investments in unconsolidated entities	29,759		35,401		110,074		4,015		—		179,249
Other assets	55,296		117,282		32,569		146,286		484,045		835,478
Total assets	$	1,366,394	$	1,134,940	$	1,196,013	$	150,301	$	484,045	$	4,331,693

Summary of Assets by Segment

	As of September 30, 2018
	East		Central		West		Financial Services		Corporate and Unallocated		Total
Real estate inventory and land deposits	$	1,281,339	$	982,257	$	1,053,370	$	—	$	—	$	3,316,966
Investments in unconsolidated entities	29,759		35,401		110,074		4,015		—		179,249
Other assets	55,296		117,282		32,569		146,286		484,045		835,478
Total assets	$	1,366,394	$	1,134,940	$	1,196,013	$	150,301	$	484,045	$	4,331,693

	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