Business Segments Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Business Segments [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table shows, by segment: revenue, operating income and interest expense for the three and six months ended June 30, 2015 and 2014:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Revenue:
Midwest homebuilding	$	118,141		$	85,549		$	203,358		$	165,153
Southern homebuilding	105,399			101,122			203,954			181,322
Mid-Atlantic homebuilding	90,382			88,467			161,671			155,639
Financial services (a)	8,934			6,470			17,032			14,335
Total revenue	$	322,856		$	281,608		$	586,015		$	516,449
Operating income:
Midwest homebuilding (b)	$	12,219		$	6,726		$	20,015		$	13,969
Southern homebuilding	7,970			8,649			16,561			14,526
Mid-Atlantic homebuilding	8,266			7,584			13,026			12,377
Financial services (a)	5,245			3,374			10,569			8,400
Less: Corporate selling, general and administrative expense	(8,079		)	(8,278		)	(14,594		)	(14,624		)
Total operating income	$	25,621		$	18,055		$	45,577		$	34,648
Interest expense:
Midwest homebuilding	$	563		$	492		$	1,887		$	1,761
Southern homebuilding	1,762			1,368			3,536			2,959
Mid-Atlantic homebuilding	1,030			568			2,063			1,563
Financial services (a)	395			302			726			617
Total interest expense	$	3,750		$	2,730		$	8,212		$	6,900
Equity in (income) loss of unconsolidated joint ventures	(14		)	22			(212		)	(40		)
Income before income taxes	$	21,885		$	15,303		$	37,577		$	27,788

(a) Our financial services operational results should be viewed in connection with our homebuilding business as its operations originate loans and provide title services primarily for our homebuying customers, with the exception of a small amount of mortgage re-financing.

(b) For the three and six months ended June 30, 2014, the impact of charges relating to the impairment of operating communities in the Midwest region reduced operating income by $0.8 million.

The following tables show total assets by segment at June 30, 2015 and December 31, 2014:

	June 30, 2015
(In thousands)	Midwest		Southern		Mid-Atlantic		Corporate, Financial Services and Unallocated		Total
Deposits on real estate under option or contract	$	4,995	$	14,768	$	3,510	$	—	$	23,273
Inventory (a)	326,306		400,139		291,226		—		1,017,671
Investments in unconsolidated joint ventures	1,893		26,464		—		—		28,357
Other assets	9,374		24,175		14,469		197,670		245,688
Total assets	$	342,568	$	465,546	$	309,205	$	197,670	$	1,314,989

	December 31, 2014
(In thousands)	Midwest		Southern		Mid-Atlantic		Corporate, Financial Services and Unallocated		Total
Deposits on real estate under option or contract	$	4,573	$	14,752	$	4,170	$	—	$	23,495
Inventory (a)	303,037		331,938		260,119		—		895,094
Investments in unconsolidated joint ventures	1,764		26,005		—		—		27,769
Other assets	7,933		16,829		7,536		232,754		265,052
Total assets	$	317,307	$	389,524	$	271,825	$	232,754	$	1,211,410

(a) Inventory includes single-family lots, land and land development costs; land held for sale; homes under construction; model homes and furnishings; community development district infrastructure; and consolidated inventory not owned.