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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
Northeast
$
185,614

 
$
168,371

 
$
518,676

 
$
425,275

Southeast
451,600

 
393,905

 
1,271,730

 
1,104,149

Florida
506,670

 
338,078

 
1,311,016

 
1,015,795

Midwest
412,803

 
406,126

 
1,066,775

 
1,008,617

Texas
347,986

 
269,997

 
925,317

 
793,207

West
693,073

 
507,629

 
1,945,345

 
1,299,758

 
2,597,746

 
2,084,106

 
7,038,859

 
5,646,801

Financial Services
51,620

 
46,952

 
150,322

 
135,995

Consolidated revenues
$
2,649,366

 
$
2,131,058

 
$
7,189,181

 
$
5,782,796

 
 
 
 
 
 
 
 
Income (loss) before income taxes (a):
 
 
 
 
 
 
 
Northeast
$
18,938

 
$
21,046

 
$
53,408

 
$
(12,803
)
Southeast
51,920

 
45,109

 
146,735

 
117,749

Florida (b)
73,802

 
52,191

 
186,238

 
132,824

Midwest
52,438

 
59,636

 
123,889

 
115,463

Texas
55,382

 
42,727

 
136,777

 
122,045

West (c)
138,698

 
75,753

 
382,317

 
107,987

Other homebuilding (d)
(26,123
)
 
(45,999
)
 
(65,497
)
 
(103,441
)
 
365,055

 
250,463

 
963,867

 
479,824

Financial Services
19,633

 
17,786

 
54,182

 
50,238

Consolidated income before income taxes
$
384,688

 
$
268,249

 
$
1,018,049

 
$
530,062



(a)
Includes land-related charges, as summarized in the table below.
(b)
Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c)
West includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, and write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively (see Note 8).
Total Assets And Inventory By Reporting Segment
 
Operating Data by Segment
 
($000's omitted)
 
September 30, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
339,103

 
$
256,014

 
$
84,066

 
$
679,183

 
$
809,194

Southeast
497,241

 
645,915

 
79,846

 
1,223,002

 
1,388,798

Florida
528,092

 
885,220

 
73,209

 
1,486,521

 
1,632,772

Midwest
366,559

 
426,349

 
27,375

 
820,283

 
904,671

Texas
333,250

 
424,500

 
88,376

 
846,126

 
917,529

West
871,553

 
1,093,490

 
121,685

 
2,086,728

 
2,280,912

Other homebuilding (a)
56,889

 
270,519

 
20,203

 
347,611

 
1,658,881

 
2,992,687

 
4,002,007

 
494,760

 
7,489,454

 
9,592,757

Financial Services

 

 

 

 
462,323

 
$
2,992,687

 
$
4,002,007

 
$
494,760

 
$
7,489,454

 
$
10,055,080

 
 
 
 
 
 
 
 
 
 
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2017
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,413

 
$
327,599

 
$
73,574

 
$
635,586

 
$
791,511

Southeast
433,411

 
613,626

 
121,238

 
1,168,275

 
1,287,992

Florida
359,651

 
876,856

 
109,069

 
1,345,576

 
1,481,837

Midwest
299,896

 
476,694

 
28,482

 
805,072

 
877,282

Texas
251,613

 
435,018

 
87,392

 
774,023

 
859,847

West
798,706

 
1,137,940

 
147,493

 
2,084,139

 
2,271,328

Other homebuilding (a)
43,715

 
268,081

 
22,663

 
334,459

 
1,469,234

 
2,421,405

 
4,135,814

 
589,911

 
7,147,130

 
9,039,031

Financial Services

 

 

 

 
647,618

 
$
2,421,405

 
$
4,135,814

 
$
589,911

 
$
7,147,130

 
$
9,686,649


 
(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.