Business Segments Business Segments (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016 and 2015:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2016			2015			2016			2015
Revenue:
Midwest homebuilding	$	152,918		$	118,141		$	271,088		$	203,358
Southern homebuilding	148,965			105,399			271,659			203,954
Mid-Atlantic homebuilding	89,415			90,382			162,868			161,671
Financial services (a)	9,949			8,934			20,002			17,032
Total revenue	$	401,247		$	322,856		$	725,617		$	586,015
Operating income:
Midwest homebuilding	$	17,987		$	12,219		$	28,315		$	20,015
Southern homebuilding	7,199			7,970			13,629			16,561
Mid-Atlantic homebuilding	7,584			8,266			11,468			13,026
Financial services (a)	5,362			5,245			11,637			10,569
Less: Corporate selling, general and administrative expense	(8,956		)	(8,079		)	(16,200		)	(14,594		)
Total operating income	$	29,176		$	25,621		$	48,849		$	45,577
Interest expense:
Midwest homebuilding	$	613		$	563		$	1,892		$	1,887
Southern homebuilding	2,136			1,762			4,330			3,536
Mid-Atlantic homebuilding	1,049			1,030			2,457			2,063
Financial services (a)	510			395			894			726
Total interest expense	$	4,308		$	3,750		$	9,573		$	8,212
Equity in income of unconsolidated joint ventures	(82		)	(14		)	(389		)	(212		)
Income before income taxes	$	24,950		$	21,885		$	39,665		$	37,577

(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 refinancing.

The following tables show total assets by segment at June 30, 2016 and December 31, 2015:

	June 30, 2016
(In thousands)	Midwest		Southern		Mid-Atlantic		Corporate, Financial Services and Unallocated		Total
Deposits on real estate under option or contract	$	3,619	$	22,080	$	4,116	$	—	$	29,815
Inventory (a)	375,861		444,635		320,014		—		1,140,510
Investments in unconsolidated joint ventures	6,843		21,317		—		—		28,160
Other assets (b)	13,972		30,643		11,127		198,927		254,669
Total assets	$	400,295	$	518,675	$	335,257	$	198,927	$	1,453,154

	December 31, 2015
(In thousands)	Midwest		Southern		Mid-Atlantic		Corporate, Financial Services and Unallocated		Total
Deposits on real estate under option or contract	$	3,379	$	16,128	$	4,203	$	—	$	23,710
Inventory (a)	368,748		416,443		303,141		—		1,088,332
Investments in unconsolidated joint ventures	5,976		30,991		—		—		36,967
Other assets	10,018		23,704		7,253		225,570		266,545
Total assets	$	388,121	$	487,266	$	314,597	$	225,570	$	1,415,554

(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.

(b) During the six months ended June 30, 2016, the Company purchased an airplane for $9.9 million. The asset is included in the table above in Corporate, Financial Services, and Unallocated Other Assets, and within Property and Equipment - Net in our Unaudited Condensed Consolidated Balance Sheets.