Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

Segment Information

Note 4.  Segment Information

The Company is a leading national homebuilder and mortgage-related financial services firm. As one of the largest single-family on-site homebuilders in the United States, it operates in 15 states and 19 homebuilding markets 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, RH Insurance Company, Inc. (“RHIC”), LPS Holdings Corporation and its subsidiaries (“LPS”) and Columbia National Risk Retention Group, Inc. (“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 1, “Consolidated Financial Statements.”

	THREE MONTHS ENDED JUNE 30,						SIX MONTHS ENDED JUNE 30,
(in thousands)	2011			2010			2011			2010
REVENUES
Homebuilding
North	$	75,092		$	116,648		$	130,535		$	193,390
Southeast	51,775			103,229			98,773			169,082
Texas	76,049			99,241			126,731			162,398
West	14,990			43,219			30,452			79,347
Financial services	7,317			10,936			13,661			19,824
Total	$	225,223		$	373,273		$	400,152		$	624,041
(LOSS) EARNINGS BEFORE TAXES
Homebuilding
North	$	(4,668	)	$	(1,504	)	$	(10,096	)	$	(4,172	)
Southeast	(4,749		)	1,316			(13,783		)	(4,580		)
Texas	2,976			4,248			(236		)	3,386
West	(1,856		)	164			(3,646		)	156
Financial services	2,064			(634		)	3,273			(162		)
Corporate and unallocated	(4,480		)	(25,353		)	(8,159		)	(30,688		)
Total	$	(10,713	)	$	(21,763	)	$	(32,647	)	$	(36,060	)