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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
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, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
Northeast
$
148,272

 
$
152,517

 
$
256,854

 
$
271,171

Southeast
380,957

 
387,675

 
709,721

 
682,101

Florida
363,326

 
283,440

 
677,523

 
553,281

Midwest
357,847

 
286,649

 
602,259

 
476,541

Texas
288,518

 
255,471

 
522,785

 
468,763

West
434,651

 
391,080

 
791,491

 
701,705

 
1,973,571

 
1,756,832

 
3,560,633

 
3,153,562

Financial Services
47,275

 
43,082

 
89,042

 
78,930

Consolidated revenues
$
2,020,846

 
$
1,799,914

 
$
3,649,675

 
$
3,232,492

 
 
 
 
 
 
 
 
Income before income taxes:
 
 
 
 
 
 
 
Northeast
$
(38,249
)
 
$
19,238

 
$
(33,849
)
 
$
28,828

Southeast
40,274

 
40,758

 
72,640

 
60,528

Florida (a)
36,110

 
44,353

 
80,633

 
84,655

Midwest
37,573

 
26,253

 
55,827

 
31,873

Texas
46,522

 
36,223

 
79,318

 
64,740

West
(1,850
)
 
41,829

 
32,234

 
75,336

Other homebuilding (b)
(16,781
)
 
(36,108
)
 
(57,441
)
 
(64,981
)
 
103,599

 
172,546

 
229,362

 
280,979

Financial Services
18,948

 
17,034

 
32,451

 
26,814

Consolidated income before income taxes
$
122,547

 
$
189,580

 
$
261,813

 
$
307,793



(a)
Florida includes a warranty charge of $12.1 million for the three and six months ended June 30, 2017 related to a closed-out community (see Note 8).
(b)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes an insurance reserve reversal of $19.8 million in the three and six months ended June 30, 2017, and a write-off of $15.0 million of insurance receivables associated with the resolution of certain insurance matters in the six months ended June 30, 2017 (see Note 8).
Land-Related Charges By Reporting Segment
 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Land-related charges*:
 
 
 
 
 
 
 
Northeast
$
49,820

 
$
68

 
$
49,918

 
$
526

Southeast
491

 
534

 
958

 
1,856

Florida
8,602

 
280

 
8,754

 
529

Midwest
7,567

 
398

 
8,095

 
851

Texas
589

 
44

 
847

 
151

West
54,409

 
6,290

 
56,441

 
6,609

Other homebuilding
4,095

 

 
4,095

 

 
$
125,573

 
$
7,614

 
$
129,108

 
$
10,522


*
Land-related charges include land impairments, net realizable value adjustments on land held for sale, impairments of investments in unconsolidated entities, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue (see Note 2). Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges.
Total Assets And Inventory By Reporting Segment
 
Operating Data by Segment
 
($000's omitted)
 
June 30, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
264,849

 
$
286,800

 
$
92,455

 
$
644,104

 
$
803,967

Southeast
411,314

 
650,376

 
136,478

 
1,198,168

 
1,302,842

Florida
356,206

 
837,425

 
111,858

 
1,305,489

 
1,450,544

Midwest
341,479

 
427,638

 
54,750

 
823,867

 
905,793

Texas
267,070

 
414,970

 
68,031

 
750,071

 
836,885

West
781,228

 
1,122,854

 
141,130

 
2,045,212

 
2,272,892

Other homebuilding (a)
42,662

 
257,665

 
22,926

 
323,253

 
1,810,008

 
2,464,808

 
3,997,728

 
627,628

 
7,090,164

 
9,382,931

Financial Services

 

 

 

 
429,947

 
$
2,464,808

 
$
3,997,728

 
$
627,628

 
$
7,090,164

 
$
9,812,878

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
175,253

 
$
375,899

 
$
135,447

 
$
686,599

 
$
798,369

Southeast
354,047

 
650,805

 
148,793

 
1,153,645

 
1,243,188

Florida
309,525

 
683,376

 
183,168

 
1,176,069

 
1,330,847

Midwest
256,649

 
474,287

 
50,302

 
781,238

 
851,457

Texas
219,606

 
413,312

 
74,750

 
707,668

 
793,917

West
580,082

 
1,226,190

 
159,387

 
1,965,659

 
2,200,058

Other homebuilding (a)
26,097

 
248,240

 
25,440

 
299,777

 
2,351,082

 
1,921,259

 
4,072,109

 
777,287

 
6,770,655

 
9,568,918

Financial Services

 

 

 

 
609,282

 
$
1,921,259

 
$
4,072,109

 
$
777,287

 
$
6,770,655

 
$
10,178,200


 
(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.