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Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
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, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, 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,
 
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
Northeast
$
200,237

 
$
200,626

 
$
310,729

 
$
333,062

Southeast
409,121

 
445,506

 
784,538

 
820,129

Florida
535,153

 
455,637

 
931,597

 
804,346

Midwest
350,584

 
356,466

 
644,174

 
653,972

Texas
342,886

 
330,692

 
611,889

 
577,331

West
595,047

 
728,031

 
1,102,933

 
1,252,273

 
2,433,028

 
2,516,958

 
4,385,860

 
4,441,113

Financial Services
55,957

 
52,764

 
99,819

 
98,702

Consolidated revenues
$
2,488,985

 
$
2,569,722

 
$
4,485,679

 
$
4,539,815

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Northeast
$
26,212

 
$
25,158

 
$
34,140

 
$
34,470

Southeast
42,499

 
54,357

 
80,355

 
94,814

Florida
80,066

 
67,491

 
129,662

 
112,436

Midwest
42,962

 
43,050

 
69,120

 
71,451

Texas
49,144

 
50,859

 
80,115

 
81,395

West (a)
94,443

 
154,414

 
184,625

 
243,619

Other homebuilding (b)
(39,628
)
 
(6,876
)
 
(78,024
)
 
(39,374
)
 
295,698

 
388,453

 
499,993

 
598,811

Financial Services
25,078

 
20,717

 
37,486

 
34,551

Consolidated income before income taxes
$
320,776

 
$
409,170

 
$
537,479

 
$
633,362



(a)
West includes gains of $26.4 million related to two land sale transactions in California that closed in the three months ended June 30, 2018.
(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 insurance reserve reversals of $12.8 million and $16.6 million for the three and six months ended June 30, 2019, respectively, and $37.5 million and $35.1 million for the three and six months ended June 30, 2018, respectively, and write-offs of insurance receivables of $12.6 million and $24.2 million for the three and six months ended June 30, 2019 (see Note 8).

 
Operating Data by Segment
($000’s omitted)
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
Land-related charges*:
 
 
 
 
 
 
 
Northeast
$
130

 
$
498

 
$
454

 
$
1,683

Southeast
2,015

 
689

 
2,587

 
1,731

Florida
765

 
226

 
1,246

 
409

Midwest
203

 
372

 
1,306

 
1,118

Texas
414

 
220

 
482

 
270

West
216

 
148

 
647

 
361

Other homebuilding
88

 
269

 
88

 
269

 
$
3,831

 
$
2,422

 
$
6,810

 
$
5,841


*
Land-related charges include land impairments, net realizable value adjustments on land held for sale and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.
Total Assets And Inventory By Reporting Segment
 
Operating Data by Segment
 
($000's omitted)
 
June 30, 2019
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
366,441

 
$
259,727

 
$
25,929

 
$
652,097

 
$
745,833

Southeast
493,516

 
671,369

 
82,093

 
1,246,978

 
1,391,938

Florida
537,240

 
886,951

 
73,684

 
1,497,875

 
1,649,747

Midwest
349,951

 
428,841

 
33,779

 
812,571

 
890,008

Texas
353,512

 
447,071

 
98,613

 
899,196

 
966,504

West
966,605

 
1,255,278

 
120,991

 
2,342,874

 
2,590,663

Other homebuilding (a)
53,320

 
280,396

 
17,185

 
350,901

 
1,394,068

 
3,120,585

 
4,229,633

 
452,274

 
7,802,492

 
9,628,761

Financial Services

 

 

 

 
466,776

 
$
3,120,585

 
$
4,229,633

 
$
452,274

 
$
7,802,492

 
$
10,095,537

 
 
 
 
 
 
 
 
 
 

 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2018
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
268,900

 
$
291,467

 
$
52,245

 
$
612,612

 
$
704,515

Southeast
443,140

 
676,087

 
90,332

 
1,209,559

 
1,347,427

Florida
467,625

 
892,669

 
85,321

 
1,445,615

 
1,601,906

Midwest
314,442

 
433,056

 
29,908

 
777,406

 
849,596

Texas
284,405

 
427,124

 
98,415

 
809,944

 
881,629

West
805,709

 
1,131,841

 
118,579

 
2,056,129

 
2,208,092

Other homebuilding (a)
45,937

 
276,981

 
19,170

 
342,088

 
2,006,825

 
2,630,158

 
4,129,225

 
493,970

 
7,253,353

 
9,599,990

Financial Services

 

 

 

 
572,986

 
$
2,630,158

 
$
4,129,225

 
$
493,970

 
$
7,253,353

 
$
10,172,976


 
(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.