Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information

Segment Information

Note 4.  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, 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
	MARCH 31,
(in thousands)	2012			2011
REVENUES
Homebuilding
North	$	62,048		$	55,442
Southeast	56,642			44,138
Texas	63,119			46,385
West	27,726			15,463
Financial services	6,334			6,244
Total	$	215,869		$	167,672
EARNINGS (LOSS) BEFORE TAXES
Homebuilding
North	$	(1,622	)	$	(5,488	)
Southeast	891			(8,411		)
Texas	3,525			(1,661		)
West	(1,726		)	(1,807		)
Financial services	645			1,209
Corporate and unallocated	(4,734		)	(3,679		)
Total	$	(3,021	)	$	(19,837	)