Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Operating Data for Reportable Segments

The following table sets forth, for the periods indicated, certain operating data for the Company’s five reportable segments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands)
Revenues and expenses
West:
Net revenues	$	29,937	$	127,727	$	135,427	$	245,822
Depreciation and amortization	13,299		13,508		27,237		26,651
Operating (loss) income	(12,808)		20,613		(110,265)		31,414
Midwest:
Net revenues	22,787		97,239		83,580		194,026
Depreciation and amortization	4,148		7,714		8,670		16,135
Operating (loss) income	415		29,012		(18,939)		56,845
South:
Net revenues	30,760		116,937		127,812		249,651
Depreciation and amortization	6,786		9,850		13,906		20,865
Operating (loss) income	(9,473)		19,023		(20,667)		46,538
East:
Net revenues	21,226		170,455		129,282		336,688
Depreciation and amortization	11,046		12,240		22,287		24,389
Operating (loss) income	(21,231)		35,213		(10,215)		62,374
Central:
Net revenues	19,848		122,792		119,553		243,264
Depreciation and amortization	11,793		11,480		23,556		22,690
Operating (loss) income	(8,194)		28,033		9,920		55,103
Corporate and Other:
Net revenues	1,912		1,971		3,885		3,493
Depreciation and amortization	1,867		1,741		3,716		3,560
Operating loss	(27,036)		(29,344)		(51,341)		(26,120)
Total Reportable Segments
Net revenues	$	126,470	$	637,121	$	599,539	$	1,272,944
Depreciation and amortization	$	48,939	$	56,533	$	99,372	$	114,290
Operating (loss) income	$	(78,327)	$	102,550	$	(201,507)	$	226,154
Reconciliations to consolidated net (loss) income:
Operating (loss) income	$	(78,327)	$	102,550	$	(201,507)	$	226,154
Unallocated (loss) income and expenses:
Interest expense, net	(68,136)		(71,798)		(134,600)		(145,308)
Loss on extinguishment of debt	—		—		(158)		—
Unrealized gain (loss) on investments and marketable securities	12,806		(1,398)		(10,202)		(2,858)
Benefit (provision) for income taxes	33,661		(10,418)		70,833		(20,823)
Net (loss) income	$	(99,996)	$	18,936	$	(275,634)	$	57,165

Schedule of Capital Expenditures, Net for Reportable Segments

	Six Months Ended June 30,
	2020		2019
	(in thousands)
Capital Expenditures, Net
West	$	15,699	$	49,450
Midwest	2,732		9,443
South	7,707		10,098
East	6,735		19,857
Central	3,561		5,308
Corporate	4,580		2,958
Total	$	41,014	$	97,114

Schedule of Balance Sheet Information for Reportable Segments

	Balance Sheet as of
	June 30, 2020		December 31, 2019
	(in thousands)
Total Assets
West	$	1,231,649	$	1,385,982
Midwest	1,061,521		1,157,884
South	1,034,363		1,132,707
East	1,533,568		1,588,308
Central	1,491,265		1,522,023
Corporate, Other and Eliminations	(203,919)		(1,146,351)
Total	$	6,148,447	$	5,640,553