Segment Information (Tables)
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12 Months Ended |
Dec. 31, 2012
|
Segment Reporting [Abstract] |
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Operating Data By Reporting Segment |
| | | | | | | | | | | | | | Operating Data by Segment ($000’s omitted) Years Ended December 31, | | 2012 | | 2011 | | 2010 | Revenues: | | | | | | Northeast | $ | 755,148 |
| | $ | 717,839 |
| | $ | 760,403 |
| Southeast | 691,113 |
| | 675,904 |
| | 752,702 |
| Florida | 628,997 |
| | 571,102 |
| | 547,647 |
| Texas | 682,929 |
| | 631,419 |
| | 643,365 |
| North | 1,022,633 |
| | 740,372 |
| | 863,512 |
| Southwest | 878,290 |
| | 696,960 |
| | 879,998 |
| | 4,659,110 |
| | 4,033,596 |
| | 4,447,627 |
| Financial Services | 160,888 |
| | 103,094 |
| | 121,663 |
| Consolidated revenues | $ | 4,819,998 |
| | $ | 4,136,690 |
| | $ | 4,569,290 |
| | | | | | | Income (loss) before income taxes: | | | | | | Northeast | $ | 73,345 |
| | $ | 29,320 |
| | $ | 34,619 |
| Southeast | 64,678 |
| | 45,060 |
| | 23,454 |
| Florida | 73,472 |
| | 44,946 |
| | (51,995 | ) | Texas | 60,979 |
| | 33,329 |
| | 16,026 |
| North | 84,597 |
| | (12,376 | ) | | 571 |
| Southwest | 79,887 |
| | 36,647 |
| | (64,140 | ) | Other homebuilding (a) | (278,967 | ) | | (452,756 | ) | | (1,198,690 | ) | | 157,991 |
| | (275,830 | ) | | (1,240,155 | ) | Financial Services (b) | 25,563 |
| | (34,470 | ) | | 5,609 |
| Consolidated income (loss) before income taxes | $ | 183,554 |
| | $ | (310,300 | ) | | $ | (1,234,546 | ) |
| | (a) | Other homebuilding includes the amortization of intangible assets, goodwill impairment, amortization of capitalized interest, loss on debt retirements and other costs not allocated to the operating segments. |
| | (b) | Financial Services income (loss) before income taxes includes interest expense of $0.5 million, $0.0 million, and $1.6 million for 2012, 2011, and 2010, respectively, and interest income of $6.0 million, $5.0 million, and $5.8 million for 2012, 2011, and 2010, respectively. |
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Land-Related Charges By Reporting Segment |
| | | | | | | | | | | | | | Land-Related Charges by Segment ($000's omitted) Years Ended December 31, | | 2012 | | 2011 | | 2010 | Land and community valuation adjustments: | | | | | | Northeast | $ | 798 |
| | $ | 534 |
| | $ | 4,907 |
| Southeast | 389 |
| | 902 |
| | 11,122 |
| Florida | — |
| | — |
| | 56,445 |
| Texas | — |
| | 260 |
| | 4,589 |
| North | 3,972 |
| | 8,802 |
| | 27,732 |
| Southwest | 1,810 |
| | — |
| | 36,797 |
| Other homebuilding (a) | 6,468 |
| | 5,442 |
| | 28,130 |
| | $ | 13,437 |
| | $ | 15,940 |
| | $ | 169,722 |
| Net realizable value adjustments (NRV) - land held for sale: | | | | | | Northeast | $ | — |
| | $ | 720 |
| | $ | — |
| Southeast | 350 |
| | 446 |
| | — |
| Florida | 49 |
| | 3,692 |
| | 366 |
| Texas | 423 |
| | 153 |
| | 1,484 |
| North | 311 |
| | 3,552 |
| | 197 |
| Southwest | 347 |
| | 1,281 |
| | 37,081 |
| | $ | 1,480 |
| | $ | 9,844 |
| | $ | 39,128 |
| Write-off of deposits and pre-acquisition costs (b): | | | | | | Northeast | $ | 996 |
| | $ | 3,704 |
| | $ | (672 | ) | Southeast | 624 |
| | 1,081 |
| | 3,019 |
| Florida | 165 |
| | 307 |
| | 22 |
| Texas | 133 |
| | 415 |
| | 741 |
| North | 263 |
| | 2,513 |
| | 147 |
| Southwest | 97 |
| | 1,982 |
| | 2,337 |
| | $ | 2,278 |
| | $ | 10,002 |
| | $ | 5,594 |
| Impairments of investments in unconsolidated joint ventures: | | | | | | Southwest | — |
| | — |
| | 1,908 |
| | $ | — |
| | $ | — |
| | $ | 1,908 |
| Total land-related charges | $ | 17,195 |
| | $ | 35,786 |
| | $ | 216,352 |
|
| | (a) | Primarily write-offs of capitalized interest related to land and community valuation adjustments. |
| | (b) | Includes settlements related to costs previously in dispute and considered non-recoverable. |
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Depreciation and Amortization Expense by Reporting Segment |
| | | | | | | | | | | | | | Operating Data by Segment ($000's omitted) Years Ended December 31, | | 2012 | | 2011 | | 2010 | Depreciation and amortization: | | | | | | Northeast | $ | 1,790 |
| | $ | 1,820 |
| | $ | 1,954 |
| Southeast | 1,028 |
| | 1,414 |
| | 2,904 |
| Florida | 1,640 |
| | 2,045 |
| | 2,031 |
| Texas | 1,619 |
| | 2,002 |
| | 2,027 |
| North | 1,709 |
| | 1,614 |
| | 1,883 |
| Southwest | 3,143 |
| | 3,076 |
| | 5,075 |
| Other homebuilding (a) | 16,168 |
| | 17,329 |
| | 25,817 |
| | 27,097 |
| | 29,300 |
| | 41,691 |
| Financial Services | 2,930 |
| | 2,798 |
| | 3,969 |
| | $ | 30,027 |
| | $ | 32,098 |
| | $ | 45,660 |
|
| | (a) | Other homebuilding includes amortization of intangible assets. |
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Equity in (earnings) loss of unconsolidated entities by reporting segment |
| | | | | | | | | | | | | | Operating Data by Segment ($000's omitted) Years Ended December 31, | | 2012 | | 2011 | | 2010 | Equity in (earnings) loss of unconsolidated entities (a): | | | | | | Northeast | $ | (4 | ) | | $ | 15 |
| | $ | (209 | ) | Southeast | — |
| | — |
| | — |
| Florida | — |
| | — |
| | (1,326 | ) | Texas | — |
| | — |
| | — |
| North | (1,497 | ) | | (121 | ) | | (1,580 | ) | Southwest | (1,137 | ) | | (2,561 | ) | | 197 |
| Other homebuilding | (1,235 | ) | | (527 | ) | | 75 |
| | (3,873 | ) | | (3,194 | ) | | (2,843 | ) | Financial Services | (186 | ) | | (102 | ) | | (68 | ) | | $ | (4,059 | ) | | $ | (3,296 | ) | | $ | (2,911 | ) |
| | (a) | Includes impairments related to investments in unconsolidated joint ventures. |
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Total Assets And Inventory By Reporting Segment |
| | | | | | | | | | | | | | | | | | | | | | Operating Data by Segment | | ($000's omitted) | | December 31, 2012 | | Homes Under Construction | | Land Under Development | | Raw Land | | Total Inventory | | Total Assets | Northeast | $ | 198,549 |
| | $ | 445,436 |
| | $ | 109,136 |
| | $ | 753,121 |
| | $ | 866,024 |
| Southeast | 147,227 |
| | 286,210 |
| | 120,193 |
| | 553,630 |
| | 590,650 |
| Florida | 130,276 |
| | 310,625 |
| | 100,633 |
| | 541,534 |
| | 620,220 |
| Texas | 145,594 |
| | 256,704 |
| | 54,556 |
| | 456,854 |
| | 523,843 |
| North | 219,172 |
| | 369,144 |
| | 46,414 |
| | 634,730 |
| | 680,447 |
| Southwest | 226,204 |
| | 496,488 |
| | 167,295 |
| | 889,987 |
| | 963,540 |
| Other homebuilding (a) | 49,162 |
| | 270,771 |
| | 64,257 |
| | 384,190 |
| | 2,140,739 |
| | 1,116,184 |
| | 2,435,378 |
| | 662,484 |
| | 4,214,046 |
| | 6,385,463 |
| Financial Services | — |
| | — |
| | — |
| | — |
| | 348,946 |
| | $ | 1,116,184 |
| | $ | 2,435,378 |
| | $ | 662,484 |
| | $ | 4,214,046 |
| | $ | 6,734,409 |
| | | | | | | | | | | | December 31, 2011 | | Homes Under Construction | | Land Under Development | | Raw Land | | Total Inventory | | Total Assets | Northeast | $ | 237,722 |
| | $ | 457,010 |
| | $ | 119,549 |
| | $ | 814,281 |
| | $ | 957,844 |
| Southeast | 166,302 |
| | 315,208 |
| | 123,209 |
| | 604,719 |
| | 626,506 |
| Florida | 137,900 |
| | 321,841 |
| | 110,040 |
| | 569,781 |
| | 637,418 |
| Texas | 136,325 |
| | 294,814 |
| | 77,125 |
| | 508,264 |
| | 568,974 |
| North | 268,011 |
| | 360,202 |
| | 91,260 |
| | 719,473 |
| | 803,174 |
| Southwest | 216,067 |
| | 577,656 |
| | 216,554 |
| | 1,010,277 |
| | 1,099,058 |
| Other homebuilding (a) | 48,390 |
| | 283,770 |
| | 77,513 |
| | 409,673 |
| | 1,904,847 |
| | 1,210,717 |
| | 2,610,501 |
| | 815,250 |
| | 4,636,468 |
| | 6,597,821 |
| Financial Services | — |
| | — |
| | — |
| | — |
| | 287,799 |
| | $ | 1,210,717 |
| | $ | 2,610,501 |
| | $ | 815,250 |
| | $ | 4,636,468 |
| | $ | 6,885,620 |
| | | | | | | | | | | | December 31, 2010 | | Homes Under Construction | | Land Under Development | | Raw Land | | Total Inventory | | Total Assets | Northeast | $ | 236,298 |
| | $ | 460,789 |
| | $ | 129,733 |
| | $ | 826,820 |
| | $ | 993,918 |
| Southeast | 219,339 |
| | 301,989 |
| | 132,920 |
| | 654,248 |
| | 688,524 |
| Florida | 161,461 |
| | 256,238 |
| | 153,814 |
| | 571,513 |
| | 701,910 |
| Texas | 152,274 |
| | 299,146 |
| | 86,137 |
| | 537,557 |
| | 592,827 |
| North | 271,501 |
| | 333,958 |
| | 112,629 |
| | 718,088 |
| | 780,367 |
| Southwest | 246,926 |
| | 629,302 |
| | 216,478 |
| | 1,092,706 |
| | 1,186,618 |
| Other homebuilding (a) | 43,819 |
| | 260,407 |
| | 76,655 |
| | 380,881 |
| | 2,532,223 |
| | 1,331,618 |
| | 2,541,829 |
| | 908,366 |
| | 4,781,813 |
| | 7,476,387 |
| Financial Services | — |
| | — |
| | — |
| | — |
| | 222,989 |
| | $ | 1,331,618 |
| | $ | 2,541,829 |
| | $ | 908,366 |
| | $ | 4,781,813 |
| | $ | 7,699,376 |
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| | (a) | Other homebuilding primarily includes capitalized interest, cash and equivalents, goodwill, income taxes receivable, intangibles, and other corporate items that are not allocated to the operating segments. |
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