Segment Information (Tables)

6 Months Ended

Jun. 30, 2015



	Operating Data by Segment ($000’s omitted)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues:
Northeast	$	137,181		$	153,920		$	248,334		$	294,936
Southeast	245,250			232,217			431,038			414,765
Florida	208,740			205,368			411,802			395,660
Texas	185,489			204,297			362,988			379,138
North	309,816			282,581			581,642			523,592
Southwest	163,061			176,606			319,433			340,897
	1,249,537			1,254,989			2,355,237			2,348,988
Financial Services	30,754			31,198			58,352			56,093
Consolidated revenues	$	1,280,291		$	1,286,187		$	2,413,589		$	2,405,081

Income before income taxes:
Northeast	$	15,330		$	19,809		$	24,857		$	37,304
Southeast	39,871			38,265			64,495			63,744
Florida	39,315			42,254			72,539			76,610
Texas	24,487			31,240			47,278			54,222
North	26,475			37,360			39,580			68,100
Southwest	20,597			23,824			39,751			52,386
Other homebuilding (a)	(8,435		)	(134,179		)	(40,113		)	(185,359		)
	157,640			58,573			248,387			167,007
Financial Services (b)	9,987			9,108			15,044			30,702
Consolidated income before income taxes	$	167,627		$	67,681		$	263,431		$	197,709

(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: a reserve reversal of $26.9 million resulting from a legal settlement for the three and six months ended June 30, 2015; losses on debt retirements totaling $8.6 million for the six months ended June 30, 2014; a charge totaling $84.5 million to increase insurance reserves for the three and six months ended June 30, 2014; and costs associated with the relocation of our corporate headquarters totaling $3.7 million and $5.7 million for the three and six months ended June 30, 2014, respectively.


(b)	Financial Services included an $18.6 million reduction in loan origination liabilities for the six months ended June 30, 2014.

Total Assets And Inventory By Reporting Segment



	Operating Data by Segment
	($000's omitted)
	June 30, 2015
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	226,696	$	249,388	$	136,046	$	612,130	$	711,873
Southeast	200,265		353,262		94,985		648,512		694,403
Florida	191,166		464,515		131,019		786,700		908,413
Texas	180,329		274,441		85,605		540,375		601,040
North	332,948		548,565		99,888		981,401		1,101,250
Southwest	221,631		722,448		134,224		1,078,303		1,197,475
Other homebuilding (a)	22,802		189,845		28,492		241,139		2,601,545
	1,375,837		2,802,464		710,259		4,888,560		7,815,999
Financial Services	—		—		—		—		341,957
	$	1,375,837	$	2,802,464	$	710,259	$	4,888,560	$	8,157,956

	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


(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.