Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Revenues

Following are tables presenting segment revenues, profit and assets, with reconciliations to the amounts reported for the consolidated enterprise, where applicable:

	Three Months Ended March 31,
	2014		2013
Revenues:
Homebuilding Mid Atlantic	$	465,030	$	431,868
Homebuilding North East		78,792		62,611
Homebuilding Mid East		150,648		170,756
Homebuilding South East		104,717		85,633
Mortgage Banking		12,123		19,388
Total consolidated revenues	$	811,310	$	770,256

Profit

	Three Months Ended March 31,
	2014			2013
Profit:
Homebuilding Mid Atlantic	$	41,012		$	36,539
Homebuilding North East		6,306			3,686
Homebuilding Mid East		(249	)		1,823
Homebuilding South East		8,046			3,647
Mortgage Banking		1,840			11,802
Total segment profit		56,955			57,497
Contract land deposit reserve adjustment (1)		1,983			1,007
Equity-based compensation expense		(10,703	)		(8,063	)
Corporate capital allocation (2)		28,966			25,618
Unallocated corporate overhead		(25,960	)		(25,198	)
Consolidation adjustments and other		4,141			9,659
Corporate interest expense		(5,675	)		(5,415	)
Reconciling items sub-total		(7,248	)		(2,392	)
Consolidated income before taxes	$	49,707		$	55,105

(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.

Assets

	March 31, 2014				December 31, 2013
Assets:
Homebuilding Mid Atlantic		$	893,601			$	810,270
Homebuilding North East			86,276				84,958
Homebuilding Mid East			196,357				172,167
Homebuilding South East			110,713				106,389
Mortgage Banking			144,513				253,421
Total segment assets			1,431,460				1,427,205
Consolidated variable interest entity			6,588				7,268
Cash and cash equivalents			874,062				844,274
Deferred taxes			162,623				162,378
Intangible assets and goodwill			55,328				55,674
Contract land deposit reserve			(57,729	)			(59,761	)
Consolidation adjustments and other			52,421				49,110
Reconciling items sub-total			1,093,293				1,058,943
Consolidated assets		$	2,524,753			$	2,486,148

Corporate Capital Allocation Charge

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,
	2014		2013
Homebuilding Mid Atlantic	$	18,156	$	16,107
Homebuilding North East		2,449		1,994
Homebuilding Mid East		5,298		5,015
Homebuilding South East		3,063		2,502
Total	$	28,966	$	25,618