Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2015

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,
	2015		2014
Revenues:
Homebuilding Mid Atlantic	$	556,120	$	465,030
Homebuilding North East		82,993		78,792
Homebuilding Mid East		185,429		150,648
Homebuilding South East		116,996		104,717
Mortgage Banking		16,211		12,123
Total consolidated revenues	$	957,749	$	811,310

Profit before Taxes

	Three Months Ended March 31,
	2015			2014
Profit before taxes:
Homebuilding Mid Atlantic	$	44,566		$	41,012
Homebuilding North East		5,983			6,306
Homebuilding Mid East		7,063			(249	)
Homebuilding South East		8,815			8,046
Mortgage Banking		6,625			1,840
Total segment profit		73,052			56,955
Contract land deposit reserve adjustment (1)		903			1,983
Equity-based compensation expense		(13,399	)		(10,703	)
Corporate capital allocation (2)		36,945			28,966
Unallocated corporate overhead		(29,984	)		(25,960	)
Consolidation adjustments and other		649			4,141
Corporate interest expense		(5,803	)		(5,675	)
Reconciling items sub-total		(10,689	)		(7,248	)
Consolidated profit before taxes	$	62,363		$	49,707

(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,
	2015		2014
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	23,411	$	18,156
Homebuilding North East		3,310		2,449
Homebuilding Mid East		5,935		5,298
Homebuilding South East		4,289		3,063
Total	$	36,945	$	28,966

Assets

	March 31, 2015			December 31, 2014
Assets:
Homebuilding Mid Atlantic	$	970,021		$	917,689
Homebuilding North East		117,425			103,631
Homebuilding Mid East		207,490			192,781
Homebuilding South East		150,505			144,939
Mortgage Banking		187,021			255,969
Total segment assets		1,632,462			1,615,009
Consolidated variable interest entity		3,545			3,590
Cash and cash equivalents		520,532			514,780
Deferred taxes		167,119			165,189
Intangible assets and goodwill		53,946			54,291
Contract land deposit reserve		(55,140	)		(56,074	)
Consolidation adjustments and other		53,670			54,550
Reconciling items sub-total		743,672			736,326
Consolidated assets	$	2,376,134		$	2,351,335

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,
	2015		2014
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	23,411	$	18,156
Homebuilding North East		3,310		2,449
Homebuilding Mid East		5,935		5,298
Homebuilding South East		4,289		3,063
Total	$	36,945	$	28,966