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BUSINESS COMBINATIONS - (Tables)
 9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Summary of Fair Value of Assets Acquired and Liabilities Created The following is a summary of the fair value of assets acquired and liabilities assumed.
(Dollars in thousands)
AV Homes
Acquisition Date
October 2, 2018
Assets acquired
 
Real estate inventory
$
782,424

Prepaid expenses and other assets(1)
107,004

Deferred tax assets, net
69,456

Property and equipment
50,996

Goodwill(2)
83,230

Total assets
$
1,093,110

 
 
Less liabilities assumed
 
Accrued expenses and other liabilities
$
94,308

Customer deposits
14,130

Estimated development liability(3)
37,230

Senior notes, net
412,520

Net assets acquired
$
534,922

(1) Includes cash acquired.
(2) Goodwill is not deductible for tax purposes. We allocated $43.3 million of goodwill to the East homebuilding segment, $30.0 million to the Central homebuilding segment, and $9.9 million to the West homebuilding segment.
(3) See Note 8 - Estimated Development Liability
Unaudited Pro Forma Results of Business Combinations The pro forma amounts are based on available information and certain assumptions that we believe are reasonable.
 
For the three months ended September 30,
 
For the nine months ended September 30,
(Dollars in thousands except per share data)
2019
(As reported)
 
2018
(Pro forma)
 
2019
(As reported)
 
2018
(Pro forma)
Total revenues
$
1,105,105

 
$
1,233,556

 
$
3,295,623

 
$
3,322,285

 
 
 
 
 
 
 
 
Net income before allocation to non-controlling interests
$
67,036

 
$
94,555

 
$
200,205

 
$
202,035

Net income attributable to non-controlling interests — joint ventures
(24
)
 
(159
)
 
(211
)
 
(428
)
Net income attributable to non-controlling interest - Former Principal Equityholders
—

 
(714
)
 
—

 
(4,391
)
Net income available to TMHC - Basic
$
67,012

 
$
93,682

 
$
199,994

 
$
197,216

Net income attributable to non-controlling interest - Former Principal Equityholders
—

 
714

 
—

 
4,391

Loss fully attributable to public holding company
—

 
100

 
—

 
349

Net income - Diluted
$
67,012

 
$
94,496

 
$
199,994

 
$
201,956

 
 
 
 
 
 
 
 
Weighted average shares - Basic
105,472

 
120,520

 
107,389

 
121,440

Weighted average shares - Diluted
106,852

 
122,564

 
108,599

 
125,369

 
 
 
 
 
 
 
 
Earnings per share - Basic
$
0.64

 
$
0.78

 
$
1.86

 
$
1.62

Earnings per share - Diluted
$
0.63

 
$
0.77

 
$
1.84

 
$
1.61