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Segment Information
 3 Months Ended
Mar. 31, 2012
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. For reporting purposes, our Homebuilding operations are aggregated into six reportable segments. During 2011, we realigned our organizational structure and reportable segment presentation. 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." 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
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 included in our Annual Report on Form 10-K for the year ended December 31, 2011.
 
 
Operating Data by Segment ($000’s omitted)
 
Three Months Ended
 
March 31,
 
2012
 
2011
Revenues:
 
 
 
Northeast
$
140,334

 
$
126,311

Southeast
133,408

 
142,555

Florida
123,998

 
116,774

Texas
130,191

 
131,156

North
186,156

 
134,139

Southwest
138,097

 
132,832

 
852,184

 
783,767

Financial Services
28,852

 
21,435

Consolidated revenues
$
881,036

 
$
805,202

 
 
 
 
Income (loss) before income taxes:
 
 
 
Northeast
$
6,496

 
$
(495
)
Southeast
5,013

 
4,152

Florida
5,503

 
99

Texas
7,046

 
3,878

North
3,141

 
(5,161
)
Southwest
(941
)
 
(5,063
)
Other homebuilding (a)
(46,610
)
 
(43,775
)
 
(20,352
)
 
(46,365
)
Financial Services (b)
6,861

 
973

Consolidated income (loss) before income taxes
$
(13,491
)
 
$
(45,392
)
(a)
Other homebuilding includes the amortization of intangible assets and capitalized interest and other costs not allocated to the operating segments.
(b)
Financial Services income (loss) before income taxes includes interest income of $1.2 million and $1.0 million for the three months ended March 31, 2012 and 2011, respectively.

 
 
Land-Related Charges by Segment
($000's omitted)

 
Three Months Ended
 
March 31,
 
2012
 
2011
Land and community valuation adjustments:
 
 
 
Northeast
$
—

 
$
—

Southeast
—

 
41

Florida
—

 
—

Texas
—

 
—

North
1,890

 
—

Southwest
1,810

 
—

Other homebuilding (a)
814

 
62

 
$
4,514

 
$
103

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

 
$
—

Southeast
285

 
—

Florida
38

 
—

Texas
—

 
—

North
(119
)
 
—

Southwest
439

 
—

 
$
643

 
$
—

Write-off of deposits and pre-acquisition costs:
 
 
 
Northeast
$
51

 
$
263

Southeast
555

 
205

Florida
11

 
—

Texas
25

 
13

North
97

 
62

Southwest
—

 
80

 
$
739

 
$
623

Total land-related charges
$
5,896

 
$
726

(a)
Primarily write-offs of capitalized interest related to land and community valuation adjustments.
 
Operating Data by Segment
 
($000's omitted)
 
March 31, 2012
 
Homes Under
Construction
 
Land Under
Development
 
Land Held
for Future
Development
 
Total
Inventory
 
Total
Assets
Northeast
$
223,600

 
$
472,547

 
$
115,042

 
$
811,189

 
$
955,827

Southeast
165,451

 
310,318

 
122,021

 
597,790

 
623,150

Florida
136,848

 
325,395

 
103,392

 
565,635

 
636,887

Texas
132,932

 
291,496

 
75,263

 
499,691

 
558,512

North
256,753

 
384,737

 
61,831

 
703,321

 
785,103

Southwest
219,935

 
605,801

 
180,039

 
1,005,775

 
1,090,411

Other homebuilding (a)
46,519

 
284,190

 
70,306

 
401,015

 
1,996,631

 
1,182,038

 
2,674,484

 
727,894

 
4,584,416

 
6,646,521

Financial Services
—

 
—

 
—

 
—

 
212,922

 
$
1,182,038

 
$
2,674,484

 
$
727,894

 
$
4,584,416

 
$
6,859,443

 
 
 
 
 
 
 
 
 
 
 
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

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