Segment Disclosures (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Revenues:
Homebuilding Mid Atlantic	$	772,147	$	746,168	$	1,405,718	$	1,302,288
Homebuilding North East		108,766		114,375		205,919		197,368
Homebuilding Mid East		306,257		221,083		550,534		406,512
Homebuilding South East		174,571		139,485		321,074		256,481
Mortgage Banking		26,442		22,522		48,964		38,733
Total consolidated revenues	$	1,388,183	$	1,243,633	$	2,532,209	$	2,201,382

Profit before Taxes

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Profit before taxes:
Homebuilding Mid Atlantic	$	63,730		$	85,041		$	110,339		$	129,607
Homebuilding North East		5,578			12,631			9,643			18,615
Homebuilding Mid East		30,056			15,586			52,789			22,649
Homebuilding South East		15,825			12,625			28,611			21,441
Mortgage Banking		13,973			12,256			24,348			18,881
Total segment profit before taxes		129,162			138,139			225,730			211,193
Reconciling items:
Contract land deposit reserve adjustment (1)		1,307			5,903			2,636			6,806
Equity-based compensation expense		(10,829	)		(12,904	)		(21,378	)		(26,303	)
Corporate capital allocation (2)		46,259			41,398			90,574			78,341
Unallocated corporate overhead		(26,517	)		(19,764	)		(56,026	)		(49,748	)
Consolidation adjustments and other		9,877			1,681			15,862			2,330
Corporate interest expense		(4,539	)		(5,769	)		(9,366	)		(11,572	)
Reconciling items sub-total		15,558			10,545			22,302			(146	)
Consolidated profit before taxes	$	144,720		$	148,684		$	248,032		$	211,047

(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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	28,766	$	26,258	$	55,951	$	49,667
Homebuilding North East		4,447		3,805		9,400		7,115
Homebuilding Mid East		7,458		6,672		14,157		12,607
Homebuilding South East		5,588		4,663		11,066		8,952
Total	$	46,259	$	41,398	$	90,574	$	78,341

Assets

	June 30, 2016			December 31, 2015
Assets:
Homebuilding Mid Atlantic	$	1,167,199		$	994,804
Homebuilding North East		151,466			133,106
Homebuilding Mid East		264,674			220,094
Homebuilding South East		208,347			175,572
Mortgage Banking		311,685			372,203
Total segment assets		2,103,371			1,895,779
Reconciling items:
Consolidated variable interest entity		1,311			1,749
Cash and cash equivalents		353,176			397,522
Deferred taxes		168,076			161,805
Intangible assets and goodwill		52,218			52,909
Contract land deposit reserve		(39,602	)		(42,239	)
Consolidation adjustments and other		59,874			44,193
Reconciling items sub-total		595,053			615,939
Consolidated assets	$	2,698,424		$	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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Corporate capital allocation charge:
Homebuilding Mid Atlantic	$	28,766	$	26,258	$	55,951	$	49,667
Homebuilding North East		4,447		3,805		9,400		7,115
Homebuilding Mid East		7,458		6,672		14,157		12,607
Homebuilding South East		5,588		4,663		11,066		8,952
Total	$	46,259	$	41,398	$	90,574	$	78,341