Segment Information (Tables)

12 Months Ended

Dec. 31, 2014



	Operating Data by Segment ($000’s omitted) Years Ended December 31,
	2014			2013			2012
Revenues:
Northeast	$	710,859		$	819,709		$	755,148
Southeast	949,635			842,921			691,113
Florida	917,956			802,665			628,997
Texas	859,165			835,473			682,929
North	1,436,500			1,232,814			1,022,633
Southwest	822,610			1,005,062			878,290
	5,696,725			5,538,644			4,659,110
Financial Services	125,638			140,951			160,888
Consolidated revenues	$	5,822,363		$	5,679,595		$	4,819,998

Income before income taxes:
Northeast	$	103,865		$	110,246		$	73,345
Southeast	156,513			121,055			64,678
Florida	190,441			139,673			73,472
Texas	133,005			111,431			60,979
North	197,230			164,348			84,597
Southwest	136,357			179,163			79,887
Other homebuilding (a)	(282,234		)	(346,803		)	(278,967		)
	635,177			479,113			157,991
Financial Services	54,581			48,709			25,563
Consolidated income before income taxes	$	689,758		$	527,822		$	183,554

(a)

Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Other homebuilding also included the following: losses on debt retirements of $8.6 million, $26.9 million, and $32.1 million for 2014, 2013, and 2012, respectively; charges totaling $69.3 million to increase general liability insurance reserves in 2014; costs associated with the relocation of our corporate headquarters totaling $16.3 million and $15.4 million in 2014 and 2013, respectively; 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,
	2014		2013		2012
Land-related charges*:
Northeast	$	2,824	$	557	$	1,794
Southeast	1,826		998		1,363
Florida	487		1,076		214
Texas	321		191		556
North	3,227		3,434		4,546
Southwest	816		472		2,254
Other homebuilding	1,667		2,944		6,468
	$	11,168	$	9,672	$	17,195


*	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 1 for additional discussion of these charges.

Depreciation and Amortization Expense by Reporting Segment



	Operating Data by Segment ($000's omitted) Years Ended December 31,
	2014		2013		2012
Depreciation and amortization:
Northeast	$	1,852	$	1,987	$	1,790
Southeast	2,666		1,647		1,028
Florida	2,150		1,334		1,640
Texas	1,698		1,784		1,619
North	4,414		2,265		1,709
Southwest	4,002		2,969		3,143
Other homebuilding (a)	19,548		16,248		16,168
	36,330		28,234		27,097
Financial Services	3,534		3,353		2,930
	$	39,864	$	31,587	$	30,027


(a)	Other homebuilding includes amortization of intangible assets

Equity in (Earnings) Loss of Unconsolidated Entities by Reporting Segment



	Operating Data by Segment ($000's omitted) Years Ended December 31,
	2014			2013			2012
Equity in (earnings) loss of unconsolidated entities:
Northeast	$	(4,733	)	$	(58	)	$	(4	)
Southeast	—			—			—
Florida	(7		)	(4		)	—
Texas	—			—			—
North	(2,417		)	(608		)	(1,497		)
Southwest	(486		)	(678		)	(1,137		)
Other homebuilding	(583		)	355			(1,235		)
	(8,226		)	(993		)	(3,873		)
Financial Services	(182		)	(137		)	(186		)
	$	(8,408	)	$	(1,130	)	$	(4,059	)

Total Assets And Inventory By Reporting Segment



	Operating Data by Segment
	($000's omitted)
	December 31, 2014
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	184,974	$	266,229	$	106,077	$	557,280	$	659,224
Southeast	147,506		304,762		117,981		570,249		605,067
Florida	150,743		350,016		112,225		612,984		717,531
Texas	134,873		250,102		91,765		476,740		528,392
North	280,970		478,665		137,044		896,679		996,908
Southwest	166,056		698,513		163,421		1,027,990		1,113,592
Other homebuilding (a)	19,015		196,762		34,401		250,178		3,527,731
	1,084,137		2,545,049		762,914		4,392,100		8,148,445
Financial Services	—		—		—		—		420,965
	$	1,084,137	$	2,545,049	$	762,914	$	4,392,100	$	8,569,410

	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


(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.