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Segment Information | 6 Months Ended
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Jun. 30, 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 |  | Six Months Ended
| June 30, |  | June 30,
| 2012 |  | 2011 |  | 2012 |  | 2011
Revenues: |  |  |  |  |  |  |
Northeast | $ | 167,747 |  |  | $ | 136,009 |  |  | $ | 308,081 |  |  | $ | 262,320 |
Southeast | 168,182 |  |  | 167,381 |  |  | 301,590 |  |  | 309,936 |
Florida | 150,046 |  |  | 134,280 |  |  | 274,044 |  |  | 251,054 |
Texas | 161,876 |  |  | 153,378 |  |  | 292,067 |  |  | 284,534 |
North | 203,005 |  |  | 172,693 |  |  | 389,161 |  |  | 306,832 |
Southwest | 182,298 |  |  | 141,090 |  |  | 320,395 |  |  | 273,922 |
| 1,033,154 |  |  | 904,831 |  |  | 1,885,338 |  |  | 1,688,598 |
Financial Services | 36,251 |  |  | 22,381 |  |  | 65,103 |  |  | 43,816 |
Consolidated revenues | $ | 1,069,405 |  |  | $ | 927,212 |  |  | $ | 1,950,441 |  |  | $ | 1,732,414 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 16,141 |  |  | $ | 1,395 |  |  | $ | 22,637 |  |  | $ | 900 |
Southeast | 14,484 |  |  | 9,400 |  |  | 19,497 |  |  | 13,552 |
Florida | 17,304 |  |  | 6,008 |  |  | 22,807 |  |  | 6,107 |
Texas | 8,851 |  |  | 7,257 |  |  | 15,897 |  |  | 11,135 |
North | 8,646 |  |  | (6,715 | ) |  | 11,787 |  |  | (11,876 | )
Southwest | 14,876 |  |  | (5,007 | ) |  | 13,935 |  |  | (10,070 | )
Other homebuilding (a) | (56,363 | ) |  | (49,028 | ) |  | (102,973 | ) |  | (92,803 | )
| 23,939 |  |  | (36,690 | ) |  | 3,587 |  |  | (83,055 | )
Financial Services (b) | 15,987 |  |  | (16,643 | ) |  | 22,848 |  |  | (15,670 | )
Consolidated income (loss) before income taxes | $ | 39,926 |  |  | $ | (53,333 | ) |  | $ | 26,435 |  |  | $ | (98,725 | )
(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 $1.3 million and $2.6 million for the three and six months ended June 30, 2012, respectively, and $1.1 million and $2.1 million for the three and six months ended June 30, 2011, respectively.
| Land-Related Charges by Segment ($000's omitted)
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2012 |  | 2011 |  | 2012 |  | 2011
Land and community valuation adjustments: |  |  |  |  |  |  |
Northeast | $ | 535 |  |  | $ | — |  |  | $ | 535 |  |  | $ | — |
Southeast | — |  |  | 228 |  |  | — |  |  | 269 |
Florida | — |  |  | — |  |  | — |  |  | — |
Texas | — |  |  | — |  |  | — |  |  | — |
North | 98 |  |  | 1,818 |  |  | 1,988 |  |  | 1,818 |
Southwest | — |  |  | — |  |  | 1,810 |  |  | — |
Other homebuilding (a) | 2,163 |  |  | 1,254 |  |  | 2,977 |  |  | 1,316 |
| $ | 2,796 |  |  | $ | 3,300 |  |  | $ | 7,310 |  |  | $ | 3,403 |
Net realizable value adjustments (NRV) - land held for sale: |  |  |  |  |  |  |
Northeast | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Southeast | (4 | ) |  | — |  |  | 281 |  |  | — |
Florida | — |  |  | — |  |  | 38 |  |  | — |
Texas | 258 |  |  | — |  |  | 258 |  |  | — |
North | 184 |  |  | (249 | ) |  | 65 |  |  | (249 | )
Southwest | (78 | ) |  | — |  |  | 361 |  |  | — |
| $ | 360 |  |  | $ | (249 | ) |  | $ | 1,003 |  |  | $ | (249 | )
Write-off of deposits and pre-acquisition costs: |  |  |  |  |  |  |
Northeast | $ | 37 |  |  | $ | 1,695 |  |  | $ | 88 |  |  | $ | 1,958 |
Southeast | (12 | ) |  | 28 |  |  | 543 |  |  | 233 |
Florida | — |  |  | 118 |  |  | 11 |  |  | 118 |
Texas | 24 |  |  | 48 |  |  | 49 |  |  | 61 |
North | 46 |  |  | 1,113 |  |  | 143 |  |  | 1,175 |
Southwest | 71 |  |  | 707 |  |  | 71 |  |  | 787 |
| $ | 166 |  |  | $ | 3,709 |  |  | $ | 905 |  |  | $ | 4,332 |
Total land-related charges | $ | 3,322 |  |  | $ | 6,760 |  |  | $ | 9,218 |  |  | $ | 7,486 |
(a) | Primarily write-offs of capitalized interest related to land and community valuation adjustments.
| Operating Data by Segment
| ($000's omitted)
| June 30, 2012
| Homes Under Construction |  | Land Under Development |  | Land Held for Future Development |  | Total Inventory |  | Total Assets
Northeast | $ | 229,407 |  |  | $ | 447,267 |  |  | $ | 115,103 |  |  | $ | 791,777 |  |  | $ | 924,851 |
Southeast | 172,078 |  |  | 307,200 |  |  | 118,059 |  |  | 597,337 |  |  | 619,826 |
Florida | 138,812 |  |  | 312,538 |  |  | 104,638 |  |  | 555,988 |  |  | 630,784 |
Texas | 141,918 |  |  | 279,442 |  |  | 67,564 |  |  | 488,924 |  |  | 556,373 |
North | 289,075 |  |  | 359,987 |  |  | 67,431 |  |  | 716,493 |  |  | 778,768 |
Southwest | 257,958 |  |  | 557,212 |  |  | 179,902 |  |  | 995,072 |  |  | 1,068,936 |
Other homebuilding (a) | 57,303 |  |  | 278,558 |  |  | 70,441 |  |  | 406,302 |  |  | 2,109,675 |
| 1,286,551 |  |  | 2,542,204 |  |  | 723,138 |  |  | 4,551,893 |  |  | 6,689,213 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 263,612 |
| $ | 1,286,551 |  |  | $ | 2,542,204 |  |  | $ | 723,138 |  |  | $ | 4,551,893 |  |  | $ | 6,952,825 |
| 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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