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
	March 31,
	2018		2017
Revenues:
Northeast	$	132,436	$	108,601
Southeast	374,623		329,113
Florida	348,709		314,296
Midwest	297,506		244,506
Texas	246,638		234,541
West	524,243		357,054
	$	1,924,155	$	1,588,111
Financial Services	45,938		41,767
Consolidated revenues	$	1,970,093	$	1,629,878



	Operating Data by Segment ($000’s omitted)
	Three Months Ended
	March 31,
	2018			2017
Income before income taxes:
Northeast	$	9,312		$	4,400
Southeast	40,457			32,366
Florida	44,945			44,523
Midwest	28,401			18,254
Texas	30,536			32,796
West	89,205			34,084
Other homebuilding (a)	(32,498		)	(40,661		)
	$	210,358		$	125,762
Financial Services	13,833			13,503
Consolidated income before income taxes	$	224,191		$	139,265


(a)	Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments, including: write-offs of $15.0 million of insurance receivables associated with the resolution of certain insurance matters in the three months ended March 31, 2017 (see Note 8).



	Operating Data by Segment
	($000's omitted)
	March 31, 2018
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	267,520	$	323,571	$	73,577	$	664,668	$	813,724
Southeast	484,647		621,417		112,444		1,218,508		1,345,180
Florida	435,660		881,107		86,155		1,402,922		1,527,872
Midwest	321,719		444,360		38,353		804,432		882,493
Texas	300,113		422,804		89,779		812,696		903,537
West	857,312		1,247,263		131,711		2,236,286		2,420,444
Other homebuilding (a)	49,293		254,347		21,876		325,516		1,332,972
	$	2,716,264	$	4,194,869	$	553,895	$	7,465,028	$	9,226,222
Financial Services	—		—		—		—		480,173
	$	2,716,264	$	4,194,869	$	553,895	$	7,465,028	$	9,706,395



	Operating Data by Segment
	($000's omitted)
	December 31, 2017
	Homes Under Construction		Land Under Development		Raw Land		Total Inventory		Total Assets
Northeast	$	234,413	$	327,599	$	73,574	$	635,586	$	791,511
Southeast	433,411		613,626		121,238		1,168,275		1,287,992
Florida	359,651		876,856		109,069		1,345,576		1,481,837
Midwest	299,896		476,694		28,482		805,072		877,282
Texas	251,613		435,018		87,392		774,023		859,847
West	798,706		1,137,940		147,493		2,084,139		2,271,328
Other homebuilding (a)	43,715		268,081		22,663		334,459		1,469,234
	$	2,421,405	$	4,135,814	$	589,911	$	7,147,130	$	9,039,031
Financial Services	—		—		—		—		647,618
	$	2,421,405	$	4,135,814	$	589,911	$	7,147,130	$	9,686,649


(a)	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.