Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information

Segment Information

Note B: Segment Information

The Company is a leading national homebuilder and provider of mortgage-related financial services. As one of the largest single-family on-site homebuilders in the United States, it operates in 13 states across the country. The Company consists of six segments: four geographically-determined homebuilding regions (North, Southeast, Texas and West); financial services; and corporate. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. The Company's financial services segment, which includes RMC, RHIC, LPS and CNRRG, provides mortgage-related products and services, as well as title, escrow and insurance services, to its homebuyers. Corporate is a nonoperating business segment with the sole purpose of supporting operations. In order to best reflect the Company's financial position and results of operations, certain corporate expenses are allocated to the homebuilding and financial services segments, along with certain assets and liabilities relating to employee benefit plans.

The Company evaluates performance and allocates resources based on a number of factors, including segment pretax earnings and risk. The accounting policies of the segments are the same as those described in Note A, "Summary of Significant Accounting Policies."

Selected Segment Information

	YEAR ENDED DECEMBER 31,
(in thousands)		2011			2010			2009
REVENUES
Homebuilding
North	$	299,595		$	344,154		$	437,924
Southeast		218,672			259,357			283,295
Texas		262,321			242,691			266,453
West		82,016			123,616			156,553
Financial services		28,129			32,134			41,902
Total	$	890,733		$	1,001,952		$	1,186,127
(LOSS) EARNINGS BEFORE TAXES
Homebuilding
North	$	(9,054	)	$	(15,842	)	$	(100,223	)
Southeast		(11,676	)		(16,446	)		(83,050	)
Texas		9,243			(2,492	)		(3,905	)
West		(5,326	)		(7,903	)		(39,032	)
Financial services		5,739			845			(309	)
Corporate and unallocated		(21,658	)		(38,659	)		(14,023	)
Total	$	(32,732	)	$	(80,497	)	$	(240,542	)
DEPRECIATION AND AMORTIZATION
Homebuilding
North	$	3,527		$	4,773		$	5,547
Southeast		3,145			4,116			5,566
Texas		2,610			2,429			4,173
West		1,295			4,354			6,933
Financial services		181			254			305
Corporate and unallocated		554			473			687
Total	$	11,312		$	16,399		$	23,211

	DECEMBER 31,
(in thousands)		2011		2010
IDENTIFIABLE ASSETS
Homebuilding
North	$	367,096	$	374,918
Southeast		198,196		186,515
Texas		161,779		154,593
West		160,004		119,138
Financial services		144,652		74,180
Corporate and unallocated		512,093		692,695
Total	$	1,543,820	$	1,602,039