Segment Disclosures (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016		2015
Revenues:
Homebuilding Mid Atlantic	$	633,571	$	556,120
Homebuilding North East		97,153		82,993
Homebuilding Mid East		244,277		185,429
Homebuilding South East		146,503		116,996
Mortgage Banking		22,522		16,211
Total consolidated revenues	$	1,144,026	$	957,749

Profit before Taxes

	Three Months Ended March 31,
	2016			2015
Profit before taxes:
Homebuilding Mid Atlantic	$	46,609		$	44,566
Homebuilding North East		4,065			5,983
Homebuilding Mid East		22,733			7,063
Homebuilding South East		12,786			8,815
Mortgage Banking		10,375			6,625
Total segment profit before taxes		96,568			73,052
Reconciling items:
Contract land deposit reserve adjustment (1)		1,329			903
Equity-based compensation expense		(10,549	)		(13,399	)
Corporate capital allocation (2)		44,315			36,945
Unallocated corporate overhead		(29,509	)		(29,984	)
Consolidation adjustments and other		5,985			649
Corporate interest expense		(4,827	)		(5,803	)
Reconciling items sub-total		6,744			(10,689	)
Consolidated profit before taxes	$	103,312		$	62,363

(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,
	2016		2015
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	27,186	$	23,411
Homebuilding North East		4,953		3,310
Homebuilding Mid East		6,699		5,935
Homebuilding South East		5,477		4,289
Total	$	44,315	$	36,945

Assets

	March 31, 2016			December 31, 2015
Assets:
Homebuilding Mid Atlantic	$	1,204,871		$	994,804
Homebuilding North East		136,718			133,106
Homebuilding Mid East		250,580			220,094
Homebuilding South East		189,437			175,572
Mortgage Banking		227,764			372,203
Total segment assets		2,009,370			1,895,779
Reconciling items:
Consolidated variable interest entity		1,731			1,749
Cash and cash equivalents		302,945			397,522
Deferred taxes		164,932			161,805
Intangible assets and goodwill		52,563			52,909
Contract land deposit reserve		(40,910	)		(42,239	)
Consolidation adjustments and other		51,020			44,193
Reconciling items sub-total		532,281			615,939
Consolidated assets	$	2,541,651		$	2,511,718

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,
	2016		2015
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	27,186	$	23,411
Homebuilding North East		4,953		3,310
Homebuilding Mid East		6,699		5,935
Homebuilding South East		5,477		4,289
Total	$	44,315	$	36,945