Segment Information (Tables)

9 Months Ended

Jun. 30, 2012



	Three Months Ended June 30,					Nine Months Ended June 30,
	2012		2011			2012			2011
	(In millions)
Revenues
Homebuilding revenues:
East	$	140.6	$	114.7		$	393.0		$	308.9
Midwest	88.5		74.0			217.9			186.7
Southeast	241.4		194.2			651.5			484.8
South Central	306.7		294.6			833.2			752.6
Southwest	71.3		56.0			180.9			164.1
West	267.7		241.9			660.9			578.4
Total homebuilding revenues	1,116.2		975.4			2,937.4			2,475.5
Financial services revenues	33.8		23.8			80.4			63.0
Consolidated revenues	$	1,150.0	$	999.2		$	3,017.8		$	2,538.5
Inventory Impairments
East	$	0.9	$	0.1		$	1.0		$	2.1
Midwest	—		0.1			—			0.1
Southeast	1.0		5.1			1.6			9.8
South Central	—		—			—			0.2
Southwest	—		0.1			—			2.2
West	—		2.4			—			12.8
Total inventory impairments	$	1.9	$	7.8		$	2.6		$	27.2
Income (Loss) Before Income Taxes (1)
Homebuilding income (loss) before income taxes:
East	$	3.0	$	(1.0	)	$	9.2		$	(13.6	)
Midwest	0.7		0.1			(7.4		)	(13.1		)
Southeast	11.4		(3.0		)	26.9			(16.8		)
South Central	23.7		19.0			52.1			30.1
Southwest	4.9		(0.5		)	9.6			(2.5		)
West	14.6		7.6			27.6			(18.5		)
Total homebuilding income (loss) before income taxes	58.3		22.2			118.0			(34.4		)
Financial services income before income taxes	13.9		6.7			25.7			12.6
Consolidated income (loss) before income taxes	$	72.2	$	28.9		$	143.7		$	(21.8	)

(1)

Expenses maintained at the corporate level consist primarily of interest and property taxes, which are capitalized and amortized to cost of sales or expensed directly, and the expenses related to operating the Company’s corporate office. The amortization of capitalized interest and property taxes is allocated to each segment based on the segment’s revenue, while interest expense and those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	June 30, 2012		September 30, 2011
	(In millions)
Homebuilding Inventories (1)
East	$	544.2	$	497.3
Midwest	306.3		268.5
Southeast	797.5		692.9
South Central	856.8		768.5
Southwest	186.6		193.6
West	1,077.8		938.4
Corporate and unallocated (2)	92.4		90.5
Total homebuilding inventory	$	3,861.6	$	3,449.7


(1)	Homebuilding inventories are the only assets included in the measure of segment assets used by the Company’s chief operating decision maker, its CEO.


(2)	Corporate and unallocated consists primarily of capitalized interest and property taxes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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