The following table shows, by segment, revenue, operating income and interest expense for 2018, 2017 and 2016, as well as the Company’s income before income taxes for such periods:



	Year Ended December 31,
(In thousands)	2018			2017			2016
Revenue:
Midwest homebuilding	$	933,119		$	742,577		$	637,894
Southern homebuilding	925,404			730,482			602,273
Mid-Atlantic homebuilding	375,563			439,219			409,149
Financial services ^(a)	52,196			49,693			42,011
Total revenue	$	2,286,282		$	1,961,971		$	1,691,327

Operating income:
Midwest homebuilding^(b)	$	86,131		$	81,522		$	70,446
Southern homebuilding ^(c)	72,600			36,798			20,398
Mid-Atlantic homebuilding	23,312			35,598			33,450
Financial services ^(a)	27,482			27,288			23,262
Less: Corporate selling, general and administrative expense	(46,364		)	(42,547		)	(38,813		)
Total operating income ^{(b) (c) (d)}	$	163,161		$	138,659		$	108,743

Interest expense:
Midwest homebuilding	$	7,142		$	5,010		$	3,754
Southern homebuilding	7,362			8,508			8,039
Mid-Atlantic homebuilding	2,711			2,599			3,693
Financial services ^(a)	3,269			2,757			2,112
Total interest expense	$	20,484		$	18,874		$	17,598

Equity in income from joint venture arrangements	$	(312	)	$	(539	)	$	(640	)
Acquisition and integration costs ^(e)	1,700			—			—

Income before income taxes	$	141,289		$	120,324		$	91,785

Depreciation and amortization:
Midwest homebuilding	$	2,448		$	2,069		$	1,752
Southern homebuilding	3,210			3,014			2,525
Mid-Atlantic homebuilding	1,262			1,565			1,645
Financial services	1,281			1,503			1,948
Corporate	6,330			6,023			5,736
Total depreciation and amortization	$	14,531		$	14,174		$	13,606


(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 an immaterial amount of mortgage refinancing.


(b)	Includes $5.1 million of charges related to purchase accounting adjustments taken during 2018 as a result of our acquisition of Pinnacle Homes in Detroit, Michigan on March 1, 2018.


(c)	Includes an $8.5 million and a $19.4 million charge for stucco-related repair costs in certain of our Florida communities (as more fully discussed in Note 8 to our Consolidated Financial Statements) taken during 2017 and 2016, respectively.


(d)	For the years ended December 31, 2018, 2017 and 2016, total operating income was reduced by $5.8 million, $7.7 million and $4.0 million, respectively, related to asset impairment charges taken during the period.


(e)	Represents costs which include, but are not limited to, legal fees and expenses, travel and communication expenses, cost of appraisals, accounting fees and expenses, and miscellaneous expenses related to our acquisition of Pinnacle Homes. As these costs are not eligible for capitalization as initial direct costs, such amounts are expensed as incurred.

The following tables show total assets by segment at December 31, 2018 and 2017:



	December 31, 2018
(In thousands)	Midwest		Southern			Mid-Atlantic		Corporate, Financial Services and Unallocated			Total
Deposits on real estate under option or contract	$	5,725	$	21,758		$	6,179	$	—		$	33,662
Inventory ^(a)	696,057		717,248			227,493		—			1,640,798
Investments in joint venture arrangements	1,562		14,263			20,045		—			35,870
Other assets	19,524		32,161		^(b)	10,925		248,641		^(c)	311,251
Total assets	$	722,868	$	785,430		$	264,642	$	248,641		$	2,021,581



	December 31, 2017
(In thousands)	Midwest		Southern			Mid-Atlantic		Corporate, Financial Services and Unallocated			Total
Deposits on real estate under option or contract	$	4,933	$	20,719		$	6,904	$	—		$	32,556
Inventory ^(a)	500,671		636,019			245,328		—			1,382,018
Investments in joint venture arrangements	4,410		9,677			6,438		—			20,525
Other assets	13,573		38,784		^(b)	13,311		364,004		^(d)	429,672
Total assets	$	523,587	$	705,199		$	271,981	$	364,004		$	1,864,771


(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)	Includes development reimbursements from local municipalities.


(c)	Includes asset held for sale for $5.6 million.


(d)	The decrease in Corporate, Financial Services, and Unallocated other assets from prior year is related to a decline in in cash on hand from the end of 2017 .