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Segment Information
 12 Months Ended
Dec. 31, 2011
Segment Reporting [Abstract]  
Segment Information
Segment information
Our Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the U.S. and the construction of housing on such land. Home sale revenues for detached and attached homes were $3.1 billion and $841.3 million in 2011, $3.5 billion and $936.6 million in 2010, and $3.0 billion and $851.9 million in 2009, respectively.
For reporting purposes, our Homebuilding operations are aggregated into six reportable segments. During 2011, we realigned our organizational structure and reportable segment presentation. Accordingly, the segment information provided in this note has been reclassified to conform to the current presentation for all periods presented.
Northeast:
  
Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Pennsylvania,
Rhode Island, Virginia
Southeast:
  
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Texas:
 
Texas
North:
  
Illinois, Indiana, Michigan, Minnesota, Missouri, Northern California, Ohio, Oregon, Washington
Southwest:
  
Arizona, Colorado, Hawaii, Nevada, New Mexico, Southern California
As part of the change in presentation, we removed the "Other non-operating" distinction. Amounts previously classified within "Other non-operating" have been reclassified to "Other homebuilding."
We also have one reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations. The Financial Services segment operates generally in the same markets as the Homebuilding segments.
Evaluation of segment performance is generally based on income before income taxes. Each reportable segment generally follows the same accounting policies described in Note 1 "Summary of Significant Accounting Policies" to the consolidated financial statements.
 
 
Operating Data by Segment ($000’s omitted)
Years Ended December 31,
 
2011
 
2010
 
2009
Revenues:
 
 
 
 
 
Northeast
$
717,839

 
$
760,403

 
$
653,209

Southeast
675,904

 
752,702

 
561,195

Florida
571,102

 
547,647

 
463,240

Texas
631,419

 
643,365

 
484,397

North
740,372

 
863,512

 
787,429

Southwest
696,960

 
879,998

 
1,017,119

 
4,033,596

 
4,447,627

 
3,966,589

Financial Services
103,094

 
121,663

 
117,800

Consolidated revenues
$
4,136,690

 
$
4,569,290

 
$
4,084,389

 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
Northeast
$
29,320

 
$
34,619

 
$
(207,461
)
Southeast
45,060

 
23,454

 
(52,930
)
Florida
44,946

 
(51,995
)
 
(283,242
)
Texas
33,329

 
16,026

 
7,078

North
(12,376
)
 
571

 
(120,998
)
Southwest
36,647

 
(64,140
)
 
(356,643
)
Other homebuilding (a)
(452,756
)
 
(1,198,690
)
 
(905,885
)
 
(275,830
)
 
(1,240,155
)
 
(1,920,081
)
Financial Services (b)
(34,470
)
 
5,609

 
(55,038
)
Consolidated income (loss) before income taxes
$
(310,300
)
 
$
(1,234,546
)
 
$
(1,975,119
)
(a)
Other homebuilding includes the amortization of intangible assets, goodwill impairment, amortization of capitalized interest, net losses related to the redemption of debt, and other costs not allocated to the operating segments.
(b)
Financial Services income (loss) before income taxes includes interest expense of $1.6 million and $2.3 million for 2010 and 2009, respectively, and interest income of $5.0 million, $5.8 million, and $7.7 million for 2011, 2010, and 2009, respectively.

 
 
Land-Related Charges by Segment
($000's omitted)
Years Ended December 31,
 
2011
 
2010
 
2009
Land and community valuation adjustments:
 
 
 
 
 
Northeast
$
534

 
$
4,907

 
$
150,407

Southeast
902

 
11,122

 
52,660

Florida
—

 
56,445

 
179,114

Texas
260

 
4,589

 
993

North
8,802

 
27,732

 
78,110

Southwest
—

 
36,797

 
221,730

Other homebuilding (a)
5,442

 
28,130

 
68,192

 
$
15,940

 
$
169,722

 
$
751,206

Net realizable value adjustments (NRV) - land held for sale:
 
 
 
 
 
Northeast
$
720

 
$
—

 
$
19,310

Southeast
446

 
—

 
310

Florida
3,692

 
366

 
22,875

Texas
153

 
1,484

 
6,589

North
3,552

 
197

 
17,715

Southwest
1,281

 
37,081

 
46,938

 
$
9,844

 
$
39,128

 
$
113,737

Write-off of deposits and pre-acquisition costs (b):
 
 
 
 
 
Northeast
$
3,704

 
$
(672
)
 
$
1,026

Southeast
1,081

 
3,019

 
1,235

Florida
307

 
22

 
48,261

Texas
415

 
741

 
3,450

North
2,513

 
147

 
269

Southwest
1,982

 
2,337

 
15

 
$
10,002

 
$
5,594

 
$
54,256

Impairments of investments in unconsolidated joint ventures:
 
 
 
 
 
Northeast
$
—

 
$
—

 
$
31,121

Southeast
—

 
—

 
—

Florida
—

 
—

 
—

Texas
—

 
—

 
—

North
—

 
—

 
1,236

Southwest
—

 
1,908

 
19,305

Other homebuilding (c)
—

 
—

 
2,428

 
$
—

 
$
1,908

 
$
54,090

Total land-related charges
$
35,786

 
$
216,352

 
$
973,289

(a)
Primarily write-offs of capitalized interest related to land and community valuation adjustments.
(b)
Includes settlements related to costs previously in dispute and considered non-recoverable.
(c)
Includes impairments related to joint ventures located in Puerto Rico.

 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2011
 
2010
 
2009
Depreciation and amortization:
 
 
 
 
 
Northeast
$
1,820

 
$
1,954

 
$
2,718

Southeast
1,414

 
2,904

 
4,750

Florida
2,045

 
2,031

 
3,838

Texas
2,002

 
2,027

 
2,165

North
1,614

 
1,883

 
2,879

Southwest
3,076

 
5,075

 
7,448

Other homebuilding (a)
17,329

 
25,817

 
25,682

 
29,300

 
41,691

 
49,480

Financial Services
2,798

 
3,969

 
4,766

 
$
32,098

 
$
45,660

 
$
54,246

(a)
Other homebuilding includes amortization of intangible assets.
 
Operating Data by Segment ($000's omitted)
Years Ended December 31,
 
2011
 
2010
 
2009
Equity in (earnings) loss of unconsolidated entities (a):
 
 
 
 
 
Northeast
$
15

 
$
(209
)
 
$
28,011

Southeast
—

 
—

 
—

Florida
—

 
(1,326
)
 
68

Texas
—

 
—

 
—

North
(121
)
 
(1,580
)
 
1,528

Southwest
(2,561
)
 
197

 
16,635

Other homebuilding
(527
)
 
75

 
3,426

 
(3,194
)
 
(2,843
)
 
49,668

Financial Services
(102
)
 
(68
)
 
(16
)
 
$
(3,296
)
 
$
(2,911
)
 
$
49,652

(a)
Includes impairments related to investments in unconsolidated joint ventures.
 
 
Operating Data by Segment
 
($000's omitted)
 
December 31, 2011
 
Homes Under
Construction
 
Land Under
Development
 
Land Held
for Future
Development
 
Total
Inventory
 
Total
Assets
Northeast
$
237,722

 
$
457,010

 
$
119,549

 
$
814,281

 
$
957,844

Southeast
166,302

 
315,208

 
123,209

 
604,719

 
626,506

Florida
137,900

 
321,841

 
110,040

 
569,781

 
637,418

Texas
136,325

 
294,814

 
77,125

 
508,264

 
568,974

North
268,011

 
360,202

 
91,260

 
719,473

 
803,174

Southwest
216,067

 
577,656

 
216,554

 
1,010,277

 
1,099,058

Other homebuilding (a)
48,390

 
283,770

 
77,513

 
409,673

 
1,904,847

 
1,210,717

 
2,610,501

 
815,250

 
4,636,468

 
6,597,821

Financial Services
—

 
—

 
—

 
—

 
287,799

 
$
1,210,717

 
$
2,610,501

 
$
815,250

 
$
4,636,468

 
$
6,885,620

 
 
 
 
 
 
 
 
 
 
 
December 31, 2010
 
Homes Under
Construction
 
Land Under
Development
 
Land Held
for Future
Development
 
Total
Inventory
 
Total
Assets
Northeast
$
236,298

 
$
460,789

 
$
129,733

 
$
826,820

 
$
993,918

Southeast
219,339

 
301,989

 
132,920

 
654,248

 
688,524

Florida
161,461

 
256,238

 
153,814

 
571,513

 
701,910

Texas
152,274

 
299,146

 
86,137

 
537,557

 
592,827

North
271,501

 
333,958

 
112,629

 
718,088

 
780,367

Southwest
246,926

 
629,302

 
216,478

 
1,092,706

 
1,186,618

Other homebuilding (a)
43,819

 
260,407

 
76,655

 
380,881

 
2,532,223

 
1,331,618

 
2,541,829

 
908,366

 
4,781,813

 
7,476,387

Financial Services
—

 
—

 
—

 
—

 
222,989

 
$
1,331,618

 
$
2,541,829

 
$
908,366

 
$
4,781,813

 
$
7,699,376

 
 
 
 
 
 
 
 
 
 
 
December 31, 2009
 
Homes Under
Construction
 
Land Under
Development
 
Land Held
for Future
Development
 
Total
Inventory
 
Total
Assets
Northeast
$
273,238

 
$
247,061

 
$
382,828

 
$
903,127

 
$
1,159,638

Southeast
213,216

 
347,278

 
68,408

 
628,902

 
779,269

Florida
167,206

 
345,616

 
139,574

 
652,396

 
802,371

Texas
151,393

 
322,290

 
89,677

 
563,360

 
608,167

North
305,601

 
318,748

 
73,453

 
697,802

 
768,619

Southwest
343,676

 
596,309

 
247,172

 
1,187,157

 
1,330,666

Other homebuilding (a)
38,564

 
193,574

 
75,476

 
307,614

 
4,351,664

 
1,492,894

 
2,370,876

 
1,076,588

 
4,940,358

 
9,800,394

Financial Services
—

 
—

 
—

 
—

 
250,828

 
$
1,492,894

 
$
2,370,876

 
$
1,076,588

 
$
4,940,358

 
$
10,051,222

 
(a)
Other homebuilding primarily includes capitalized interest, cash and equivalents, goodwill, income taxes receivable, intangibles, and other corporate items that are not allocated to the operating segments.