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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated

The following table summarizes home and land sale revenues for our homebuilding operations and revenues for our financial services operations.

 

     Three Months Ended
March 31,
 
     2013      2012  
Homebuilding    (Dollars in thousands)  

West

   $ 134,979       $ 69,542   

Mountain

     133,377         60,591   

East

     63,392         56,135   
  

 

 

    

 

 

 

Total home and land sale revenues

   $ 331,748       $ 186,268   
  

 

 

    

 

 

 

Financial Services

     

Mortgage operations

   $ 9,044       $ 5,456   

Other

     3,462         2,264   
  

 

 

    

 

 

 

Total financial services revenues

   $ 12,506       $ 7,720   
  

 

 

    

 

 

 
Reconciliation of Pretax Operating Income from Segments to Consolidated

The following table summarizes pretax income for our homebuilding and financial services operations.

 

     Three Months Ended
March 31,
 
     2013     2012  
Homebuilding    (Dollars in thousands)  

West

   $ 10,611      $ 166   

Mountain

     12,996        2,159   

East

     1,528        2,100   

Corporate

     (10,288     (7,162
  

 

 

   

 

 

 

Total homebuilding pretax income

   $ 14,847      $ (2,737
  

 

 

   

 

 

 

Financial Services

    

Mortgage operations

   $ 5,999      $ 3,339   

Other

     1,740        1,523   
  

 

 

   

 

 

 

Total financial services pretax income

   $ 7,739      $ 4,862   
  

 

 

   

 

 

 
Total Assets

The following table summarizes total assets for our homebuilding and financial services operations. The assets in our West, Mountain and East segments consist primarily of inventory while the assets in our Corporate segment primarily include cash and cash equivalents and marketable securities.

 

     March 31,      December 31,  
     2013      2012  
Homebuilding assets    (Dollars in thousands)  

West

   $ 518,143       $ 459,807   

Mountain

     328,712         332,939   

East

     280,659         274,199   

Corporate

     858,269         692,500   
  

 

 

    

 

 

 

Total homebuilding assets

   $     1,985,783       $     1,759,445   
  

 

 

    

 

 

 

Financial services assets

  

Mortgage operations

   $ 91,565       $ 122,941   

Other

     64,986         63,055   
  

 

 

    

 

 

 

Total financial services assets

   $ 156,551       $ 185,996