Segment Information, Nature of Operations, and Certain Concentrations (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Revenues

Following are tables presenting segment revenues, profit before taxes, assets, interest income, interest expense, depreciation and amortization and expenditures for property and equipment, with reconciliations to the amounts reported for the consolidated enterprise, where applicable:

	Year Ended December 31,
	2015		2014		2013
Revenues:
Homebuilding Mid Atlantic	$	3,022,789	$	2,617,108	$	2,439,387
Homebuilding North East		432,145		376,862		332,681
Homebuilding Mid East		1,014,920		892,513		908,198
Homebuilding South East		595,346		488,576		454,215
Mortgage Banking		93,808		69,509		76,786
Consolidated revenues	$	5,159,008	$	4,444,568	$	4,211,267

Profit before Taxes

	Year Ended December 31,
	2015			2014			2013
Profit before taxes:
Homebuilding Mid Atlantic	$	322,829		$	271,965		$	276,399
Homebuilding North East		37,914			33,390			14,294
Homebuilding Mid East		86,336			47,538			55,537
Homebuilding South East		57,384			37,525			35,001
Mortgage Banking		51,236			30,388			42,075
Total segment profit		555,699			420,806			423,306
Reconciling items:
Contract land deposit reserve adjustment (1)		13,805			3,612			5,313
Equity-based compensation expense (2)		(54,091	)		(63,227	)		(34,296	)
Corporate capital allocation (3)		171,170			152,140			116,458
Unallocated corporate overhead		(83,124	)		(61,108	)		(72,703	)
Consolidation adjustments and other		22,622			23,867			2,361
Corporate interest expense		(22,869	)		(22,544	)		(21,743	)
Reconciling items sub-total		47,513			32,740			(4,610	)
Consolidated profit before taxes	$	603,212		$	453,546		$	418,696

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

(2) The increase in equity-based compensation expense in 2014 is primarily attributable to the issuance of stock options under the NVR, Inc. 2014 Equity Incentive Plan (the “2014 Plan”) and restricted share units (“RSUs”) issued in the second quarter of 2013.  Equity-based compensation expense was also lower in 2013 due to an approximate $7,900 pre-tax compensation expense reversal in 2013 attributable to an adjustment of the stock option forfeiture rates based on the Company’s actual forfeiture experience.

(3) 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 years presented:

	Year Ended December 31,
	2015		2014		2013
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	107,705	$	96,328	$	72,272
Homebuilding North East		16,987		12,107		9,461
Homebuilding Mid East		27,263		26,299		22,580
Homebuilding South East		19,215		17,406		12,145
Total corporate capital allocation charge	$	171,170	$	152,140	$	116,458

Assets

	As of December 31,
	2015			2014
Assets:
Homebuilding Mid Atlantic	$	994,804		$	917,689
Homebuilding North East		133,106			103,631
Homebuilding Mid East		220,094			192,781
Homebuilding South East		175,572			144,939
Mortgage Banking		372,203			255,969
Total segment assets		1,895,779			1,615,009
Reconciling items:
Consolidated variable interest entity		1,749			3,590
Cash and cash equivalents		397,522			514,780
Deferred taxes		161,805			165,189
Intangible assets and goodwill		52,909			54,291
Contract land deposit reserve		(42,239	)		(56,074	)
Consolidation adjustments and other		47,606			54,550
Reconciling items sub-total		619,352			736,326
Consolidated assets	$	2,515,131		$	2,351,335

Interest Income

	Year Ended December 31,
	2015		2014		2013
Interest income:
Mortgage Banking	$	6,485	$	4,940	$	4,983
Total segment interest income		6,485		4,940		4,983
Other unallocated interest income		1,211		1,311		2,319
Consolidated interest income	$	7,696	$	6,251	$	7,302

Interest Expense

	Year Ended December 31,
	2015			2014			2013
Interest expense:
Homebuilding Mid Atlantic	$	107,748		$	96,364		$	72,351
Homebuilding North East		16,991			12,114			9,466
Homebuilding Mid East		27,263			26,300			22,587
Homebuilding South East		19,217			17,409			12,151
Mortgage Banking		641			549			545
Total segment interest expense		171,860			152,736			117,100
Corporate capital allocation		(171,170	)		(152,140	)		(116,458	)
Senior Notes and other interest		22,869			22,544			21,743
Consolidated interest expense	$	23,559		$	23,140		$	22,385

Depreciation and Amortization

	Year Ended December 31,
	2015		2014		2013
Depreciation and amortization:
Homebuilding Mid Atlantic	$	7,876	$	6,489	$	4,784
Homebuilding North East		1,571		1,208		853
Homebuilding Mid East		4,003		3,212		1,911
Homebuilding South East		2,191		1,715		1,008
Mortgage Banking		1,136		1,089		669
Total segment depreciation and amortization		16,777		13,713		9,225
Unallocated corporate		4,757		3,901		4,166
Consolidated depreciation and amortization	$	21,534	$	17,614	$	13,391

Expenditures for Property and Equipment

	Year Ended December 31,
	2015		2014		2013
Expenditures for property and equipment:
Homebuilding Mid Atlantic	$	8,287	$	9,047	$	7,947
Homebuilding North East		2,220		2,311		1,454
Homebuilding Mid East		3,774		6,982		3,282
Homebuilding South East		1,753		3,472		2,662
Mortgage Banking		265		2,580		2,933
Total segment expenditures for property and equipment		16,299		24,392		18,278
Unallocated corporate		1,978		7,280		738
Consolidated expenditures for property and equipment	$	18,277	$	31,672	$	19,016

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 years presented:

	Year Ended December 31,
	2015		2014		2013
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	107,705	$	96,328	$	72,272
Homebuilding North East		16,987		12,107		9,461
Homebuilding Mid East		27,263		26,299		22,580
Homebuilding South East		19,215		17,406		12,145
Total corporate capital allocation charge	$	171,170	$	152,140	$	116,458