Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

For reporting purposes, our Homebuilding operations are aggregated into six reportable segments:



Northeast:		Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:		Georgia, North Carolina, South Carolina, Tennessee
Florida:		Florida
Midwest:		Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:		Texas
West:		Arizona, California, Nevada, New Mexico, Washington



	Operating Data by Segment ($000’s omitted)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Revenues:
Northeast	$	168,352		$	155,226		$	425,206		$	426,397
Southeast	393,788			375,148			1,103,509			1,057,249
Florida	337,933			307,588			1,015,456			860,869
Midwest	405,827			342,709			1,008,086			819,250
Texas	269,781			261,693			792,565			730,456
West	507,386			452,521			1,298,877			1,154,226
	2,083,067			1,894,885			5,643,699			5,048,447
Financial Services	46,952			48,020			135,995			126,950
Consolidated revenues	$	2,130,019		$	1,942,905		$	5,779,694		$	5,175,397

Income before income taxes (a):
Northeast (b)	$	21,046		$	6,056		$	(12,803	)	$	34,884
Southeast	45,109			36,370			117,749			96,898
Florida (c)	52,191			45,891			132,824			130,546
Midwest	59,636			36,792			115,463			68,665
Texas	42,727			38,878			122,045			103,618
West	75,753			55,347			107,987			130,683
Other homebuilding (d)	(45,999		)	(28,271		)	(103,441		)	(93,252		)
	250,463			191,063			479,824			472,042
Financial Services	17,786			21,272			50,238			48,086
Consolidated income before income taxes	$	268,249		$	212,335		$	530,062		$	520,128


(a)	Includes land-related charges of $2.1 million and $131.3 million for the three and nine months ended September 30, 2017, respectively (see Land-related charges in following table).


(b)	Northeast includes a charge of $15.0 million related to the settlement of a disputed land transaction for the three and nine months ended September 30, 2016 (see Note 8).


(c)	Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).


(d)	Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017,



	Operating Data by Segment ($000’s omitted)
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2017			2016		2017		2016
Land-related charges*:
Northeast	$	1,184		$	464	$	51,102	$	990
Southeast	889			396		1,847		2,252
Florida	109			68		8,862		597
Midwest	(393		)	391		7,703		1,242
Texas	51			245		898		397
West	306			1,098		56,747		7,707
Other homebuilding	—			—		4,095		—
	$	2,146		$	2,662	$	131,254	$	13,185


*	Land-related charges include land impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see Note 2). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.


(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.