Financial Information Relating to Company Reporting Segments |
The following tables present financial information relating to our homebuilding reporting segments (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended August 31, | | Nine Months Ended August 31, | | 2018 | | 2017 | | 2018 | | 2017 | Revenues: | | | | | | | | West Coast | $ | 571,880 |
| | $ | 609,598 |
| | $ | 1,455,272 |
| | $ | 1,426,030 |
| Southwest | 196,056 |
| | 132,307 |
| | 528,872 |
| | 376,132 |
| Central | 327,888 |
| | 291,006 |
| | 885,875 |
| | 826,008 |
| Southeast | 126,051 |
| | 107,876 |
| | 319,734 |
| | 328,935 |
| Total | $ | 1,221,875 |
| | $ | 1,140,787 |
| | $ | 3,189,753 |
| | $ | 2,957,105 |
| | | | | | | | | Pretax income (loss): | | | | | | | | West Coast | $ | 72,996 |
| | $ | 58,922 |
| | $ | 156,472 |
| | $ | 118,271 |
| Southwest | 31,065 |
| | 11,648 |
| | 66,619 |
| | 30,269 |
| Central | 32,294 |
| | 28,921 |
| | 80,464 |
| | 75,584 |
| Southeast | (702 | ) | | 1,129 |
| | 1,405 |
| | (605 | ) | Corporate and other | (26,089 | ) | | (24,396 | ) | | (76,081 | ) | | (78,231 | ) | Total | $ | 109,564 |
| | $ | 76,224 |
| | $ | 228,879 |
| | $ | 145,288 |
|
| | | | | | | | | | | | | | | | | Inventory impairment charges: | | | | | | | | West Coast | $ | 4,190 |
| | $ | 4,992 |
| | $ | 14,882 |
| | $ | 8,136 |
| Southwest | — |
| | 2,102 |
| | — |
| | 3,445 |
| Central | 654 |
| | — |
| | 654 |
| | — |
| Southeast | 2,291 |
| | — |
| | 2,291 |
| | 3,032 |
| Total | $ | 7,135 |
| | $ | 7,094 |
| | $ | 17,827 |
| | $ | 14,613 |
| |
| | | | | | | | | | | | | | | | | | Three Months Ended August 31, | | Nine Months Ended August 31, | | 2018 | | 2017 | | 2018 | | 2017 | Land option contract abandonments: | | | | | | | | West Coast | $ | 219 |
| | $ | 903 |
| | $ | 815 |
| | $ | 2,738 |
| Southwest | 432 |
| | — |
| | 432 |
| | — |
| Central | 477 |
| | — |
| | 700 |
| | 518 |
| Southeast | 151 |
| | 116 |
| | 151 |
| | 253 |
| Total | $ | 1,279 |
| | $ | 1,019 |
| | $ | 2,098 |
| | $ | 3,509 |
|
| | | | | | | | | | August 31, 2018 | | November 30, 2017 | Inventories: | | | | Homes under construction | | | | West Coast | $ | 700,305 |
| | $ | 638,639 |
| Southwest | 183,226 |
| | 179,240 |
| Central | 356,722 |
| | 320,205 |
| Southeast | 154,642 |
| | 98,764 |
| Subtotal | 1,394,895 |
| | 1,236,848 |
| | | | | Land under development | | | | West Coast | 967,099 |
| | 723,761 |
| Southwest | 376,413 |
| | 309,672 |
| Central | 502,415 |
| | 435,373 |
| Southeast | 207,995 |
| | 182,533 |
| Subtotal | 2,053,922 |
| | 1,651,339 |
| | | | | Land held for future development or sale | | | | West Coast | 146,947 |
| | 233,188 |
| Southwest | 21,141 |
| | 62,475 |
| Central | 11,951 |
| | 12,654 |
| Southeast | 59,999 |
| | 66,882 |
| Subtotal | 240,038 |
| | 375,199 |
| Total | $ | 3,688,855 |
| | $ | 3,263,386 |
|
| | | | | | | | | Assets: | | | | West Coast | $ | 1,984,393 |
| | $ | 1,747,786 |
| Southwest | 614,214 |
| | 586,666 |
| Central | 1,004,464 |
| | 901,516 |
| Southeast | 462,427 |
| | 359,307 |
| Corporate and other | 897,650 |
| | 1,433,883 |
| Total | $ | 4,963,148 |
| | $ | 5,029,158 |
|
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