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Segment Information | 9 Months Ended
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Sep. 30, 2013
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:
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, Nevada, New Mexico, Southern California
We also have a 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, 2012.
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Revenues: |  |  |  |  |  |  |
Northeast | $ | 259,413 |  |  | $ | 194,732 |  |  | $ | 555,856 |  |  | $ | 502,813 |
Southeast | 234,605 |  |  | 194,654 |  |  | 602,379 |  |  | 496,244 |
Florida | 227,614 |  |  | 165,621 |  |  | 562,890 |  |  | 439,665 |
Texas | 217,897 |  |  | 179,581 |  |  | 621,972 |  |  | 471,648 |
North | 343,748 |  |  | 277,297 |  |  | 826,054 |  |  | 666,458 |
Southwest | 264,465 |  |  | 243,442 |  |  | 744,534 |  |  | 563,837 |
| 1,547,742 |  |  | 1,255,327 |  |  | 3,913,685 |  |  | 3,140,665 |
Financial Services | 34,336 |  |  | 47,264 |  |  | 110,571 |  |  | 112,367 |
Consolidated | $ | 1,582,078 |  |  | $ | 1,302,591 |  |  | $ | 4,024,256 |  |  | $ | 3,253,032 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 33,508 |  |  | $ | 20,303 |  |  | $ | 62,162 |  |  | $ | 42,940 |
Southeast | 37,687 |  |  | 21,227 |  |  | 78,811 |  |  | 40,724 |
Florida | 43,834 |  |  | 23,723 |  |  | 89,711 |  |  | 46,530 |
Texas | 32,111 |  |  | 18,807 |  |  | 79,015 |  |  | 34,704 |
North | 48,674 |  |  | 26,494 |  |  | 95,303 |  |  | 38,281 |
Southwest | 49,508 |  |  | 27,882 |  |  | 119,908 |  |  | 41,817 |
Other homebuilding (a) | (81,728 | ) |  | (59,257 | ) |  | (271,308 | ) |  | (162,230 | )
| 163,594 |  |  | 79,179 |  |  | 253,602 |  |  | 82,766 |
Financial Services (b) | 11,128 |  |  | 26,727 |  |  | 41,800 |  |  | 49,575 |
Consolidated | $ | 174,722 |  |  | $ | 105,906 |  |  | $ | 295,402 |  |  | $ | 132,341 |
(a) | Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Other homebuilding also included for the three and nine months ended September 30, 2013: losses on debt retirements totaling $3.9 million and $26.9 million, respectively; costs associated with the previously announced relocation of our corporate headquarters totaling $0.3 million and $13.8 million, respectively; and charges resulting from a contractual dispute related to a previously completed luxury community totaling $8.0 million and $38.0 million, respectively.
(b) | Financial Services income before income taxes includes interest income of $2.1 million and $1.6 million for the three months ended September 30, 2013 and 2012, respectively, and $5.2 million and $4.1 million for the nine months ended September 30, 2013 and 2012, respectively.
| Land-Related Charges by Segment ($000's omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Land and community valuation adjustments: |  |  |  |  |  |  |
Northeast | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 535 |
Southeast | — |  |  | — |  |  | — |  |  | — |
Florida | — |  |  | — |  |  | — |  |  | — |
Texas | — |  |  | — |  |  | — |  |  | — |
North | — |  |  | 385 |  |  | — |  |  | 2,373 |
Southwest | — |  |  | — |  |  | — |  |  | 1,810 |
Other homebuilding (a) | 766 |  |  | 1,878 |  |  | 2,701 |  |  | 4,855 |
| $ | 766 |  |  | $ | 2,263 |  |  | $ | 2,701 |  |  | $ | 9,573 |
Net realizable value adjustments (NRV) - land held for sale: |  |  |  |  |  |  |
Northeast | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Southeast | — |  |  | 69 |  |  | — |  |  | 350 |
Florida | — |  |  | 11 |  |  | 567 |  |  | 49 |
Texas | (6 | ) |  | 154 |  |  | (2 | ) |  | 412 |
North | 172 |  |  | 29 |  |  | 1,703 |  |  | 94 |
Southwest | (81 | ) |  | (14 | ) |  | — |  |  | 347 |
| $ | 85 |  |  | $ | 249 |  |  | $ | 2,268 |  |  | $ | 1,252 |
Write-off of deposits and pre-acquisition costs: |  |  |  |  |  |  |
Northeast | $ | 219 |  |  | $ | 727 |  |  | $ | 328 |  |  | $ | 815 |
Southeast | 56 |  |  | 46 |  |  | 144 |  |  | 589 |
Florida | 126 |  |  | 69 |  |  | 208 |  |  | 80 |
Texas | 6 |  |  | 21 |  |  | 2 |  |  | 70 |
North | 155 |  |  | 13 |  |  | 337 |  |  | 156 |
Southwest | 249 |  |  | 17 |  |  | 383 |  |  | 88 |
| $ | 811 |  |  | $ | 893 |  |  | $ | 1,402 |  |  | $ | 1,798 |
Total land-related charges | $ | 1,662 |  |  | $ | 3,405 |  |  | $ | 6,371 |  |  | $ | 12,623 |
(a) | Represents write-offs of capitalized interest related to land and community valuation adjustments.
| Operating Data by Segment
| ($000's omitted)
| September 30, 2013
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 263,889 |  |  | $ | 331,779 |  |  | $ | 117,532 |  |  | $ | 713,200 |  |  | $ | 809,063 |
Southeast | 160,916 |  |  | 256,949 |  |  | 131,724 |  |  | 549,589 |  |  | 589,929 |
Florida | 161,204 |  |  | 293,858 |  |  | 91,238 |  |  | 546,300 |  |  | 629,724 |
Texas | 148,158 |  |  | 221,958 |  |  | 49,607 |  |  | 419,723 |  |  | 477,936 |
North | 300,452 |  |  | 327,529 |  |  | 100,737 |  |  | 728,718 |  |  | 781,447 |
Southwest | 197,689 |  |  | 475,663 |  |  | 206,387 |  |  | 879,739 |  |  | 955,368 |
Other homebuilding (a) | 45,340 |  |  | 209,917 |  |  | 58,438 |  |  | 313,695 |  |  | 4,098,818 |
| 1,277,648 |  |  | 2,117,653 |  |  | 755,663 |  |  | 4,150,964 |  |  | 8,342,285 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 351,437 |
| $ | 1,277,648 |  |  | $ | 2,117,653 |  |  | $ | 755,663 |  |  | $ | 4,150,964 |  |  | $ | 8,693,722 |
| December 31, 2012
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 198,549 |  |  | $ | 445,436 |  |  | $ | 109,136 |  |  | $ | 753,121 |  |  | $ | 866,024 |
Southeast | 147,227 |  |  | 286,210 |  |  | 120,193 |  |  | 553,630 |  |  | 590,650 |
Florida | 130,276 |  |  | 310,625 |  |  | 100,633 |  |  | 541,534 |  |  | 620,220 |
Texas | 145,594 |  |  | 256,704 |  |  | 54,556 |  |  | 456,854 |  |  | 523,843 |
North | 219,172 |  |  | 369,144 |  |  | 46,414 |  |  | 634,730 |  |  | 680,447 |
Southwest | 226,204 |  |  | 496,488 |  |  | 167,295 |  |  | 889,987 |  |  | 963,540 |
Other homebuilding (a) | 49,162 |  |  | 270,771 |  |  | 64,257 |  |  | 384,190 |  |  | 2,140,739 |
| 1,116,184 |  |  | 2,435,378 |  |  | 662,484 |  |  | 4,214,046 |  |  | 6,385,463 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 348,946 |
| $ | 1,116,184 |  |  | $ | 2,435,378 |  |  | $ | 662,484 |  |  | $ | 4,214,046 |  |  | $ | 6,734,409 |
(a) | Other homebuilding primarily includes cash and equivalents, capitalized interest, net deferred tax assets, 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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