Segment Disclosure (Tables)

3 Months Ended

Mar. 31, 2012

Segment Disclosures [Abstract]

Revenues

	Three Months Ended March 31,
	2012		2011
Revenues:
Homebuilding Mid Atlantic	$	360,811	$	312,940
Homebuilding North East		52,200		39,193
Homebuilding Mid East		106,282		98,152
Homebuilding South East		66,902		52,459
Mortgage Banking		14,297		11,760
Total consolidated revenues	$	600,492	$	514,504

Profit

		000,000,000			000,000,000
	Three Months Ended March 31,
	2012			2011
Profit:
Homebuilding Mid Atlantic	$	29,086		$	25,876
Homebuilding North East		2,461			1,123
Homebuilding Mid East		960			1,607
Homebuilding South East		3,905			2,213
Mortgage Banking		8,742			6,741
Total segment profit		45,154			37,560
Contract land deposit reserve adjustment(1)		1,309			(1,130	)
Equity-based compensation expense		(16,440	)		(15,580	)
Corporate capital allocation (2)		18,972			15,423
Unallocated corporate overhead (3)		(18,803	)		(16,460	)
Consolidation adjustments and other (4)		827			5,125
Corporate interest expense		(61	)		(103	)
Reconciling items sub-total		(14,196	)		(12,725	)
Consolidated income before taxes	$	30,958		$	24,835

(1) This item represents changes to the contract land deposit impairment reserve, which are not allocated to the reportable segments.

(2) This item represents the elimination of the corporate capital allocation charge included in the respective homebuilding reportable segments. The corporate capital allocation charge is based on the segment’s monthly average asset balance, and was as follows for the periods presented:

	Three Months Ended March 31,
	2012		2011
Homebuilding Mid Atlantic	$	12,680	$	10,831
Homebuilding North East		1,822		1,163
Homebuilding Mid East		2,742		2,204
Homebuilding South East		1,728		1,225
Total	$	18,972	$	15,423

(3) The increase in unallocated corporate overhead in the first quarter of 2012 was primarily attributable to higher management incentive costs period over period.

(4) The decrease in consolidation adjustments and other in 2012 from 2011 was primarily attributable to changes in the corporate consolidation entries based on production and settlement volumes in the respective quarters.

Assets

		000,000,000			000,000,000
	March 31, 2012			December 31, 2011
Assets:
Homebuilding Mid Atlantic	$	697,590		$	626,157
Homebuilding North East		69,745			55,948
Homebuilding Mid East		116,002			94,593
Homebuilding South East		73,439			63,263
Mortgage Banking		134,495			270,820
Total segment assets		1,091,271			1,110,781
Consolidated variable interest entity		17,546			20,182
Cash and cash equivalents		567,922			475,566
Deferred taxes		156,843			155,881
Intangible assets		48,927			48,927
Contract land deposit reserve		(69,062	)		(70,333	)
Consolidation adjustments and other		37,465			38,481
Reconciling items sub-total		759,641			668,704
Consolidated assets	$	1,850,912		$	1,779,485

Corporate capital allocation charge

	Three Months Ended March 31,
	2012		2011
Homebuilding Mid Atlantic	$	12,680	$	10,831
Homebuilding North East		1,822		1,163
Homebuilding Mid East		2,742		2,204
Homebuilding South East		1,728		1,225
Total	$	18,972	$	15,423