XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment Reporting [Abstract] |
Components of Reportable Segments | 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
Operating Data By Reporting Segment |
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |  |
Northeast | $ | 185,614 |  |  | $ | 168,371 |  |  | $ | 518,676 |  |  | $ | 425,275 |
Southeast | 451,600 |  |  | 393,905 |  |  | 1,271,730 |  |  | 1,104,149 |
Florida | 506,670 |  |  | 338,078 |  |  | 1,311,016 |  |  | 1,015,795 |
Midwest | 412,803 |  |  | 406,126 |  |  | 1,066,775 |  |  | 1,008,617 |
Texas | 347,986 |  |  | 269,997 |  |  | 925,317 |  |  | 793,207 |
West | 693,073 |  |  | 507,629 |  |  | 1,945,345 |  |  | 1,299,758 |
| 2,597,746 |  |  | 2,084,106 |  |  | 7,038,859 |  |  | 5,646,801 |
Financial Services | 51,620 |  |  | 46,952 |  |  | 150,322 |  |  | 135,995 |
Consolidated revenues | $ | 2,649,366 |  |  | $ | 2,131,058 |  |  | $ | 7,189,181 |  |  | $ | 5,782,796 |
Income (loss) before income taxes (a): |  |  |  |  |  |  |
Northeast | $ | 18,938 |  |  | $ | 21,046 |  |  | $ | 53,408 |  |  | $ | (12,803 | )
Southeast | 51,920 |  |  | 45,109 |  |  | 146,735 |  |  | 117,749 |
Florida (b) | 73,802 |  |  | 52,191 |  |  | 186,238 |  |  | 132,824 |
Midwest | 52,438 |  |  | 59,636 |  |  | 123,889 |  |  | 115,463 |
Texas | 55,382 |  |  | 42,727 |  |  | 136,777 |  |  | 122,045 |
West (c) | 138,698 |  |  | 75,753 |  |  | 382,317 |  |  | 107,987 |
Other homebuilding (d) | (26,123 | ) |  | (45,999 | ) |  | (65,497 | ) |  | (103,441 | )
| 365,055 |  |  | 250,463 |  |  | 963,867 |  |  | 479,824 |
Financial Services | 19,633 |  |  | 17,786 |  |  | 54,182 |  |  | 50,238 |
Consolidated income before income taxes | $ | 384,688 |  |  | $ | 268,249 |  |  | $ | 1,018,049 |  |  | $ | 530,062 |
(a) | Includes land-related charges, as summarized in the table below.
(b) | Florida includes a warranty charge of $12.3 million for the nine months ended September 30, 2017 related to a closed-out community (see Note 8).
(c) | West includes gains of $26.4 million related to two land sale transactions in California in the nine months ended September 30, 2018.
(d) Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes insurance reserve reversals of $37.9 million and $19.8 million for the nine months ended September 30, 2018 and 2017, respectively, and write-offs of $5.3 million and $20.3 million of insurance receivables associated with the resolution of certain insurance matters in the three and nine months ended September 30, 2017, respectively (see Note 8).
Total Assets And Inventory By Reporting Segment |
| Operating Data by Segment
| ($000's omitted)
| September 30, 2018
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 339,103 |  |  | $ | 256,014 |  |  | $ | 84,066 |  |  | $ | 679,183 |  |  | $ | 809,194 |
Southeast | 497,241 |  |  | 645,915 |  |  | 79,846 |  |  | 1,223,002 |  |  | 1,388,798 |
Florida | 528,092 |  |  | 885,220 |  |  | 73,209 |  |  | 1,486,521 |  |  | 1,632,772 |
Midwest | 366,559 |  |  | 426,349 |  |  | 27,375 |  |  | 820,283 |  |  | 904,671 |
Texas | 333,250 |  |  | 424,500 |  |  | 88,376 |  |  | 846,126 |  |  | 917,529 |
West | 871,553 |  |  | 1,093,490 |  |  | 121,685 |  |  | 2,086,728 |  |  | 2,280,912 |
Other homebuilding (a) | 56,889 |  |  | 270,519 |  |  | 20,203 |  |  | 347,611 |  |  | 1,658,881 |
| 2,992,687 |  |  | 4,002,007 |  |  | 494,760 |  |  | 7,489,454 |  |  | 9,592,757 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 462,323 |
| $ | 2,992,687 |  |  | $ | 4,002,007 |  |  | $ | 494,760 |  |  | $ | 7,489,454 |  |  | $ | 10,055,080 |
| 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.

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration