Segment Disclosures (Tables)

6 Months Ended

Jun. 30, 2012

Segment Disclosures [Abstract]

Revenues

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Revenues:
Homebuilding Mid Atlantic	$	454,504	$	404,253	$	815,315	$	717,193
Homebuilding North East		71,201		67,715		123,401		106,908
Homebuilding Mid East		152,021		143,381		258,303		241,533
Homebuilding South East		77,564		67,314		144,466		119,773
Mortgage Banking		14,493		13,218		28,790		24,978
Total consolidated revenues	$	769,783	$	695,881	$	1,370,275	$	1,210,385

Profit

Profit:
Homebuilding Mid Atlantic	$	44,579		$	45,327		$	73,665		$	71,203
Homebuilding North East		5,632			6,676			8,093			7,799
Homebuilding Mid East		9,644			8,722			10,604			10,329
Homebuilding South East		4,379			5,251			8,284			7,464
Mortgage Banking		7,879			7,041			16,621			13,782
Total segment profit		72,113			73,017			117,267			110,577
Contract land deposit reserve adjustment (1)		41			(1,375	)		1,350			(2,505	)
Equity-based compensation expense		(16,733	)		(16,125	)		(33,173	)		(31,705	)
Corporate capital allocation (2)		22,555			17,897			41,527			33,320
Unallocated corporate overhead (3)		(15,209	)		(14,401	)		(34,012	)		(30,861	)
Consolidation adjustments and other (4)		1,249			4,448			2,076			9,573
Corporate interest expense		(61	)		(107	)		(122	)		(210	)
Reconciling items sub-total		(8,158	)		(9,663	)		(22,354	)		(22,388	)
Consolidated income before taxes	$	63,955		$	63,354		$	94,913		$	88,189

Assets

	June 30, 2012			December 31, 2011
Assets:
Homebuilding Mid Atlantic	$	737,104		$	626,157
Homebuilding North East		74,307			55,948
Homebuilding Mid East		140,268			94,593
Homebuilding South East		87,462			63,263
Mortgage Banking		170,360			270,820
Total segment assets		1,209,501			1,110,781
Consolidated variable interest entity		16,648			20,182
Cash and cash equivalents		587,646			475,566
Deferred taxes		156,839			155,881
Intangible assets		48,927			48,927
Contract land deposit reserve		(69,021	)		(70,333	)
Consolidation adjustments and other		40,420			38,481
Reconciling items sub-total		781,459			668,704
Consolidated assets	$	1,990,960		$	1,779,485

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

Corporate capital allocation charge

(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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Homebuilding Mid Atlantic	$	14,837	$	12,105	$	27,517	$	22,936
Homebuilding North East		1,999		1,566		3,821		2,729
Homebuilding Mid East		3,506		2,840		6,248		5,044
Homebuilding South East		2,213		1,386		3,941		2,611
Total	$	22,555	$	17,897	$	41,527	$	33,320

(3) The increase in unallocated corporate overhead in the three and six month periods 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.