Segment Information

12 Months Ended

Dec. 31, 2012

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 14 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)		2012			2011			2010
REVENUES
Homebuilding
North	$	393,238		$	299,595		$	344,154
Southeast		355,621			218,672			259,357
Texas		323,162			262,321			242,691
West		198,826			82,016			123,616
Financial services		37,619			26,927			31,007
Total	$	1,308,466		$	889,531		$	1,000,825
EARNINGS (LOSS) BEFORE TAXES
Homebuilding
North	$	11,602		$	(9,054	)	$	(15,842	)
Southeast		18,566			(11,676	)		(16,446	)
Texas		22,984			9,243			(2,492	)
West		10,732			(5,326	)		(7,903	)
Financial services		13,142			5,739			845
Corporate and unallocated		(33,059	)		(21,658	)		(38,659	)
Total	$	43,967		$	(32,732	)	$	(80,497	)
DEPRECIATION AND AMORTIZATION
Homebuilding
North	$	4,710		$	3,527		$	4,773
Southeast		4,308			3,145			4,116
Texas		2,834			2,610			2,429
West		2,984			1,295			4,354
Financial services		78			181			254
Corporate and unallocated		485			554			473
Total	$	15,399		$	11,312		$	16,399

	DECEMBER 31,
(in thousands)		2012		2011
IDENTIFIABLE ASSETS
Homebuilding
North	$	408,341	$	367,096
Southeast		315,043		198,196
Texas		196,397		161,779
West		274,050		160,004
Financial services		157,781		144,652
Corporate and unallocated		579,827		512,093
Total	$	1,931,439	$	1,543,820