XML 33 R21.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segment Information (Tables)
 3 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The accounting policies of the reporting segments are described throughout Note A included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2015. Financial information relating to the Company's reporting segments is as follows:
 
 
Three Months Ended 
 December 31,
 
 
2015
 
2014
 
 
(In millions)
Revenues
 
 
 
 
Homebuilding revenues:
 
 
 
 
East
 
$
298.1

 
$
298.7

Midwest
 
123.3

 
130.0

Southeast
 
711.6

 
619.4

South Central
 
612.6

 
579.7

Southwest
 
73.9

 
75.4

West
 
541.6

 
549.8

Homebuilding revenues
 
2,361.1

 
2,253.0

Financial services revenues
 
55.3

 
49.6

Total revenues
 
$
2,416.4

 
$
2,302.6

Inventory Impairments
 
 
 
 
East
 
$
—

 
$
—

Midwest
 
—

 
—

Southeast
 
0.2

 
—

South Central
 
—

 
—

Southwest
 
—

 
—

West
 
0.3

 
3.8

Total inventory impairments
 
$
0.5

 
$
3.8

Income Before Income Taxes (1)
 
 
 
 
Homebuilding pre-tax income:
 
 
 
 
East
 
$
27.7

 
$
26.3

Midwest
 
7.0

 
4.8

Southeast
 
76.9

 
58.0

South Central
 
64.7

 
61.2

Southwest
 
2.7

 
1.9

West
 
50.0

 
53.9

Homebuilding pre-tax income
 
229.0

 
206.1

Financial services pre-tax income
 
12.3

 
14.6

Income before income taxes
 
$
241.3

 
$
220.7

________________
(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 cost of sales, while those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.

 
 
December 31,
2015
 
September 30,
2015
 
 
(In millions)
Homebuilding Inventories (1)
 
 
 
 
East
 
$
812.1

 
$
817.3

Midwest
 
486.9

 
474.5

Southeast
 
1,931.5

 
1,876.7

South Central
 
1,999.6

 
1,909.0

Southwest
 
334.1

 
312.4

West
 
2,261.0

 
2,165.3

Corporate and unallocated (2)
 
263.0

 
251.8

Total homebuilding inventories
 
$
8,088.2

 
$
7,807.0

________________

(1)
Homebuilding inventories are the only assets included in the measure of homebuilding segment assets used by the Company’s chief operating decision makers.
(2)
Corporate and unallocated consists primarily of capitalized interest and property taxes.