Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Components of Reportable Segments

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

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

Operating Data By Reporting Segment

	Operating Data by Segment ($000’s omitted)
	Three Months Ended
	March 31,
	2019			2018
Revenues:
Northeast	$	110,492		$	132,436
Southeast	375,417			374,623
Florida	396,443			348,709
Midwest	293,590			297,506
Texas	269,003			246,638
West	507,886			524,243
	1,952,831			1,924,155
Financial Services	43,862			45,938
Consolidated revenues	$	1,996,693		$	1,970,093
Income (loss) before income taxes:
Northeast	$	7,928		$	9,312
Southeast	37,856			40,457
Florida	49,596			44,945
Midwest	26,158			28,401
Texas	30,971			30,536
West	90,182			89,205
Other homebuilding (a)	(38,397		)	(32,498		)
	204,294			210,358
Financial Services	12,409			13,833
Consolidated income before income taxes	$	216,703		$	224,191

(a) Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments.

	Operating Data by Segment ($000’s omitted)
	Three Months Ended
	March 31,
	2019		2018
Land-related charges*:
Northeast	$	324	$	1,185
Southeast	572		1,042
Florida	481		183
Midwest	1,103		746
Texas	68		50
West	431		213
Other homebuilding	—		—
	$	2,979	$	3,419

*

Land-related charges include land impairments, net realizable value adjustments on land held for sale and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.

Total Assets And Inventory By Reporting Segment

	Operating Data by Segment
	($000's omitted)
	March 31, 2019
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	328,021	$	296,198	$	25,513	$	649,732	$	738,662
Southeast	462,382		676,532		89,750		1,228,664		1,372,245
Florida	514,551		926,254		76,340		1,517,145		1,675,802
Midwest	313,244		431,144		29,151		773,539		861,452
Texas	326,344		436,409		95,942		858,695		936,709
West	896,861		1,126,206		118,589		2,141,656		2,376,073
Other homebuilding (a)	50,925		268,425		17,762		337,112		1,801,106
	2,892,328		4,161,168		453,047		7,506,543		9,762,049
Financial Services	—		—		—		—		445,287
	$	2,892,328	$	4,161,168	$	453,047	$	7,506,543	$	10,207,336

	Operating Data by Segment
	($000's omitted)
	December 31, 2018
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	268,900	$	291,467	$	52,245	$	612,612	$	704,515
Southeast	443,140		676,087		90,332		1,209,559		1,347,427
Florida	467,625		892,669		85,321		1,445,615		1,601,906
Midwest	314,442		433,056		29,908		777,406		849,596
Texas	284,405		427,124		98,415		809,944		881,629
West	805,709		1,131,841		118,579		2,056,129		2,208,092
Other homebuilding (a)	45,937		276,981		19,170		342,088		2,006,825
	2,630,158		4,129,225		493,970		7,253,353		9,599,990
Financial Services	—		—		—		—		572,986
	$	2,630,158	$	4,129,225	$	493,970	$	7,253,353	$	10,172,976

(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.