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Segment Information
 9 Months Ended
Sep. 30, 2016
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, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia
Southeast:
 
Georgia, North Carolina, South Carolina, Tennessee
Florida:
 
Florida
Midwest:
 
Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio
Texas:
 
Texas
West:
 
Arizona, California, Nevada, New Mexico, Washington


We also have a reportable segment for our Financial Services operations, which consist principally of mortgage banking and title operations and operate generally in the same markets as the Homebuilding segments.
 
Operating Data by Segment
($000’s omitted)
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
Revenues:
 
 
 
 
 
 
 
Northeast
$
155,226

 
$
182,547

 
$
426,397

 
$
430,881

Southeast (a)
375,148

 
282,051

 
1,057,249

 
713,090

Florida
307,588

 
247,528

 
860,869

 
659,330

Midwest
342,709

 
256,676

 
819,250

 
662,817

Texas
261,693

 
203,319

 
730,456

 
566,307

West
452,521

 
295,659

 
1,154,226

 
790,592

 
1,894,885

 
1,467,780

 
5,048,447

 
3,823,017

Financial Services
48,020

 
38,967

 
126,950

 
97,319

Consolidated revenues
$
1,942,905

 
$
1,506,747

 
$
5,175,397

 
$
3,920,336

 
 
 
 
 
 
 
 
Income before income taxes:
 
 
 
 
 
 
 
Northeast (b)
$
6,056

 
$
13,208

 
$
34,884

 
$
38,065

Southeast (a)
36,370

 
45,708

 
96,898

 
110,203

Florida
45,891

 
49,046

 
130,546

 
121,585

Midwest
36,792

 
25,270

 
68,665

 
41,080

Texas
38,878

 
26,035

 
103,618

 
73,313

West
55,347

 
36,633

 
130,683

 
100,154

Other homebuilding (c)
(28,271
)
 
(30,989
)
 
(93,252
)
 
(71,104
)
 
191,063

 
164,911

 
472,042

 
413,296

Financial Services
21,272

 
14,365

 
48,086

 
29,409

Consolidated income before income taxes
$
212,335

 
$
179,276

 
$
520,128

 
$
442,705



(a)
Southeast includes the acquisition in January 2016 of substantially all of the assets of Wieland (see Note 1).
(b)
Northeast includes a charge of $15.0 million related to the settlement of a disputed land transaction for the three and nine months ended September 30, 2016, and a charge of $20.0 million resulting from the Applecross matter for the three and nine months ended September 30, 2015 (see Note 8).
(c)
Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. For the three and nine months ended September 30, 2015, Other homebuilding also includes a reserve reversal of $5.7 million and $32.6 million, respectively, resulting from a favorable legal settlement.

 
Operating Data by Segment
 
($000's omitted)
 
September 30, 2016
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
234,959

 
$
376,845

 
$
104,426

 
$
716,230

 
$
818,569

Southeast (a)
407,586

 
574,702

 
195,619

 
1,177,907

 
1,267,731

Florida
346,839

 
678,518

 
129,639

 
1,154,996

 
1,293,934

Midwest
321,833

 
461,584

 
47,895

 
831,312

 
892,039

Texas
246,786

 
391,793

 
85,307

 
723,886

 
805,458

West
672,170

 
1,227,980

 
158,374

 
2,058,524

 
2,275,186

Other homebuilding (b)
29,657

 
234,710

 
23,020

 
287,387

 
2,103,325

 
2,259,830

 
3,946,132

 
744,280

 
6,950,242

 
9,456,242

Financial Services
—

 
—

 
—

 
—

 
415,290

 
$
2,259,830

 
$
3,946,132

 
$
744,280

 
$
6,950,242

 
$
9,871,532

 
 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
Homes Under
Construction
 
Land Under
Development
 
Raw Land
 
Total
Inventory
 
Total
Assets
Northeast
$
163,173

 
$
292,631

 
$
121,522

 
$
577,326

 
$
688,610

Southeast
196,456

 
367,577

 
139,246

 
703,279

 
765,933

Florida
227,910

 
574,092

 
97,185

 
899,187

 
1,013,543

Midwest
197,738

 
414,386

 
68,918

 
681,042

 
734,834

Texas
191,424

 
317,702

 
107,737

 
616,863

 
691,342

West
413,208

 
1,094,112

 
222,920

 
1,730,240

 
1,924,958

Other homebuilding (b)
18,351

 
198,566

 
25,204

 
242,121

 
2,628,687

 
1,408,260

 
3,259,066

 
782,732

 
5,450,058

 
8,447,907

Financial Services
—

 
—

 
—

 
—

 
508,989

 
$
1,408,260

 
$
3,259,066

 
$
782,732

 
$
5,450,058

 
$
8,956,896


 
(a)
Southeast includes the acquisition in January 2016 of substantially all of the assets of Wieland (see Note 1).
(b)
Other homebuilding primarily includes cash and equivalents, capitalized interest, intangibles, deferred tax assets, and other corporate items that are not allocated to the operating segments.