Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment information

Segment information

Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $4.5 billion and $939.0 million in 2013, $3.6 billion and $925.4 million in 2012, and $3.1 billion and $841.3 million in 2011, respectively. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:

Northeast:	Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia
Southeast:	Georgia, North Carolina, South Carolina, Tennessee
Florida:	Florida
Texas:	Texas
North:	Illinois, Indiana, Michigan, Minnesota, Missouri, Northern California, Ohio, Oregon, Washington
Southwest:	Arizona, Nevada, New Mexico, Southern California

We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments.

Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements.

	Operating Data by Segment ($000’s omitted) Years Ended December 31,
	2013			2012			2011
Revenues:
Northeast	$	819,709		$	755,148		$	717,839
Southeast	842,921			691,113			675,904
Florida	802,665			628,997			571,102
Texas	835,473			682,929			631,419
North	1,232,814			1,022,633			740,372
Southwest	1,005,062			878,290			696,960
	5,538,644			4,659,110			4,033,596
Financial Services	140,951			160,888			103,094
Consolidated revenues	$	5,679,595		$	4,819,998		$	4,136,690
Income (loss) before income taxes:
Northeast	$	110,246		$	73,345		$	29,320
Southeast	121,055			64,678			45,060
Florida	139,673			73,472			44,946
Texas	111,431			60,979			33,329
North	164,348			84,597			(12,376		)
Southwest	179,163			79,887			36,647
Other homebuilding (a)	(346,803		)	(278,967		)	(452,756		)
	479,113			157,991			(275,830		)
Financial Services	48,709			25,563			(34,470		)
Consolidated income (loss) before income taxes	$	527,822		$	183,554		$	(310,300	)

(a) Other homebuilding includes the amortization of intangible assets, goodwill impairment, amortization of capitalized interest, and other costs not allocated to the operating segments. Other homebuilding also included the following: losses on debt retirements of $26.9 million, $32.1 million, and $5.6 million, for 2013, 2012, and 2011, respectively; costs of $15.4 million in 2013 associated with the relocation of our corporate headquarters; and charges of $41.2 million in 2013 resulting from a contractual dispute related to a previously completed luxury community.

	Operating Data by Segment ($000's omitted) Years Ended December 31,
	2013		2012		2011
Land-related charges*:
Northeast	$	557	$	1,794	$	4,958
Southeast	998		1,363		2,429
Florida	1,076		214		3,999
Texas	191		556		828
North	3,434		4,546		14,867
Southwest	472		2,254		3,263
Other homebuilding	2,944		6,468		5,442
	$	9,672	$	17,195	$	35,786

* Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 4 for additional discussion of these charges.

	Operating Data by Segment ($000's omitted) Years Ended December 31,
	2013		2012		2011
Depreciation and amortization:
Northeast	$	1,987	$	1,790	$	1,820
Southeast	1,647		1,028		1,414
Florida	1,334		1,640		2,045
Texas	1,784		1,619		2,002
North	2,265		1,709		1,614
Southwest	2,969		3,143		3,076
Other homebuilding (a)	16,248		16,168		17,329
	28,234		27,097		29,300
Financial Services	3,353		2,930		2,798
	$	31,587	$	30,027	$	32,098

(a) Other homebuilding includes amortization of intangible assets

	Operating Data by Segment ($000's omitted) Years Ended December 31,
	2013			2012			2011
Equity in (earnings) loss of unconsolidated entities:
Northeast	$	(58	)	$	(4	)	$	15
Southeast	—			—			—
Florida	(4		)	—			—
Texas	—			—			—
North	(608		)	(1,497		)	(121		)
Southwest	(678		)	(1,137		)	(2,561		)
Other homebuilding	355			(1,235		)	(527		)
	(993		)	(3,873		)	(3,194		)
Financial Services	(137		)	(186		)	(102		)
	$	(1,130	)	$	(4,059	)	$	(3,296	)

	Operating Data by Segment
	($000's omitted)
	December 31, 2013
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	212,611	$	325,241	$	106,681	$	644,533	$	731,259
Southeast	139,484		274,981		146,617		561,082		599,271
Florida	140,366		295,631		104,766		540,763		618,449
Texas	130,398		223,979		57,480		411,857		466,198
North	227,537		350,239		78,945		656,721		716,239
Southwest	159,350		512,164		201,659		873,173		940,462
Other homebuilding (a)	32,401		207,152		50,879		290,432		4,334,591
	1,042,147		2,189,387		747,027		3,978,561		8,406,469
Financial Services	—		—		—		—		327,674
	$	1,042,147	$	2,189,387	$	747,027	$	3,978,561	$	8,734,143
	December 31, 2012
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	198,549	$	445,436	$	109,136	$	753,121	$	866,024
Southeast	147,227		286,210		120,193		553,630		590,650
Florida	130,276		310,625		100,633		541,534		620,220
Texas	145,594		256,704		54,556		456,854		523,843
North	219,172		369,144		46,414		634,730		680,447
Southwest	226,204		496,488		167,295		889,987		963,540
Other homebuilding (a)	49,162		270,771		64,257		384,190		2,140,739
	1,116,184		2,435,378		662,484		4,214,046		6,385,463
Financial Services	—		—		—		—		348,946
	$	1,116,184	$	2,435,378	$	662,484	$	4,214,046	$	6,734,409
	December 31, 2011
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	237,722	$	457,010	$	119,549	$	814,281	$	957,844
Southeast	166,302		315,208		123,209		604,719		626,506
Florida	137,900		321,841		110,040		569,781		637,418
Texas	136,325		294,814		77,125		508,264		568,974
North	268,011		360,202		91,260		719,473		803,174
Southwest	216,067		577,656		216,554		1,010,277		1,099,058
Other homebuilding (a)	48,390		283,770		77,513		409,673		1,904,847
	1,210,717		2,610,501		815,250		4,636,468		6,597,821
Financial Services	—		—		—		—		287,799
	$	1,210,717	$	2,610,501	$	815,250	$	4,636,468	$	6,885,620

(a) Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.