Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]



	Three Months Ended March 31,					Six Months Ended March 31,
	2013		2012			2013		2012
	(In millions)
Revenues
Homebuilding revenues:
East	$	153.8	$	133.6		$	291.1	$	252.4
Midwest	92.8		71.7			182.2		129.4
Southeast	333.2		213.2			624.7		410.0
South Central	364.0		259.8			674.6		526.5
Southwest	79.0		55.6			154.9		109.6
West	367.6		201.7			696.0		393.3
Total homebuilding revenues	1,390.4		935.6			2,623.5		1,821.2
Financial services revenues	41.2		25.6			83.0		46.6
Consolidated revenues	$	1,431.6	$	961.2		$	2,706.5	$	1,867.8
Income (Loss) Before Income Taxes (1)
Homebuilding income (loss) before income taxes:
East	$	8.5	$	3.6		$	15.5	$	6.2
Midwest	9.9		(1.0		)	7.9		(8.1		)
Southeast	28.3		8.7			47.7		15.5
South Central	32.4		13.0			57.6		28.4
Southwest	7.1		2.6			16.9		4.7
West	41.2		7.7			72.0		13.0
Total homebuilding income before income taxes	127.4		34.6			217.6		59.7
Financial services income before income taxes	14.7		7.7			32.4		11.8
Consolidated income before income taxes	$	142.1	$	42.3		$	250.0	$	71.5

(1)

Expenses maintained at the corporate level consist primarily of interest and property taxes, which are capitalized and amortized to cost of sales or expensed directly, and the expenses related to operating the Company’s corporate office. The amortization of capitalized interest and property taxes is allocated to each segment based on the segment’s revenue, while interest expense and those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	March 31, 2013		September 30, 2012
	(In millions)
Homebuilding Inventories (1)
East	$	691.3	$	572.7
Midwest	376.1		318.1
Southeast	1,258.4		905.0
South Central	1,268.4		935.2
Southwest	234.6		188.6
West	1,375.1		1,151.3
Corporate and unallocated (2)	120.2		94.3
Total homebuilding inventory	$	5,324.1	$	4,165.2


(1)	Homebuilding inventories are the only assets included in the measure of segment assets used by the Company’s chief operating decision maker.


(2)	Corporate and unallocated consists primarily of capitalized interest and property taxes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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