Segment Information (Tables)

9 Months Ended

Sep. 30, 2015



	Operating Data by Segment ($000’s omitted)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Revenues:
Northeast	$	182,547		$	185,559		$	430,881		$	480,495
Southeast	282,051			253,895			713,090			668,660
Florida	247,528			251,486			659,330			647,146
Texas	203,319			216,837			566,307			595,975
North	355,070			426,165			936,712			949,757
Southwest	197,265			227,331			516,697			568,228
	1,467,780			1,561,273			3,823,017			3,910,261
Financial Services	38,967			33,452			97,319			89,544
Consolidated revenues	$	1,506,747		$	1,594,725		$	3,920,336		$	3,999,805

Income before income taxes:
Northeast (c)	$	13,208		$	28,568		$	38,065		$	65,873
Southeast	45,708			42,230			110,203			105,974
Florida	49,046			55,931			121,585			132,541
Texas	26,035			33,730			73,313			87,952
North	38,065			61,599			77,645			129,699
Southwest	23,838			40,812			63,589			93,198
Other homebuilding (a)	(30,989		)	(48,819		)	(71,104		)	(234,178		)
	164,911			214,051			413,296			381,059
Financial Services (b)	14,365			10,877			29,409			41,578
Consolidated income before income taxes	$	179,276		$	224,928		$	442,705		$	422,637

(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: reserve reversals of $5.7 million and $32.6 million for the three and nine months ended September 30, 2015, respectively, resulting from a legal settlement (see Note 9); losses on debt retirements totaling $8.6 million for the nine months ended September 30, 2014 (see Note 5); a charge totaling $84.5 million to increase insurance reserves for the nine months ended September 30, 2014 (see Note 9); and costs associated with the relocation of our corporate headquarters totaling $1.9 million and $7.1 million for the three and nine months ended September 30, 2014, respectively.


(b)	Financial Services included an $18.6 million reduction in loan origination liabilities for the nine months ended September 30, 2014 (see Note 9).


(c)	Northeast includes a charge of $20.0 million resulting from the Applecross matter for the three and nine months ended September 30, 2015 (see Note 9).

Total Assets And Inventory By Reporting Segment



	Operating Data by Segment
	($000's omitted)
	September 30, 2015
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	224,242	$	258,427	$	125,117	$	607,786	$	726,388
Southeast	230,791		335,065		116,728		682,584		739,296
Florida	241,991		482,604		138,397		862,992		990,493
Texas	213,574		283,422		102,071		599,067		658,298
North	401,963		590,831		122,367		1,115,161		1,239,610
Southwest	269,079		718,839		131,819		1,119,737		1,261,564
Other homebuilding (a)	23,889		202,075		27,641		253,605		2,843,281
	1,605,529		2,871,263		764,140		5,240,932		8,458,930
Financial Services	—		—		—		—		342,648
	$	1,605,529	$	2,871,263	$	764,140	$	5,240,932	$	8,801,578

	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.