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Segment Information | 12 Months Ended
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Dec. 31, 2018
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. Home sale revenues for detached and attached homes were $8.2 billion and $1.6 billion in 2018, $7.3 billion and $1.1 billion in 2017, and $6.5 billion and $1.0 billion in 2016, respectively. 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, 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, title, and insurance brokerage 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.
| Operating Data by Segment ($000’s omitted) Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Revenues: |  |  |  |  |
Northeast | $ | 839,700 |  |  | $ | 693,877 |  |  | $ | 699,718 |
Southeast | 1,746,161 |  |  | 1,564,116 |  |  | 1,492,502 |
Florida | 1,944,170 |  |  | 1,494,389 |  |  | 1,285,890 |
Midwest | 1,497,389 |  |  | 1,450,192 |  |  | 1,235,198 |
Texas | 1,301,004 |  |  | 1,168,755 |  |  | 1,035,428 |
West | 2,654,525 |  |  | 2,014,197 |  |  | 1,746,668 |
| 9,982,949 |  |  | 8,385,526 |  |  | 7,495,404 |
Financial Services | 205,382 |  |  | 192,160 |  |  | 181,126 |
Consolidated revenues | $ | 10,188,331 |  |  | $ | 8,577,686 |  |  | $ | 7,676,530 |
Income before income taxes (a): |  |  |  |  |
Northeast (b) | $ | 29,629 |  |  | $ | 21,190 |  |  | $ | 81,991 |
Southeast | 202,639 |  |  | 122,532 |  |  | 145,011 |
Florida (c) | 289,418 |  |  | 208,825 |  |  | 205,049 |
Midwest | 179,568 |  |  | 178,231 |  |  | 120,159 |
Texas | 193,946 |  |  | 182,862 |  |  | 152,355 |
West (d) | 511,828 |  |  | 229,504 |  |  | 225,771 |
Other homebuilding (e) | (118,224 | ) |  | (77,812 | ) |  | (69,570 | )
| 1,288,804 |  |  | 865,332 |  |  | 860,766 |
Financial Services | 58,736 |  |  | 73,496 |  |  | 73,084 |
Consolidated income before income taxes | $ | 1,347,540 |  |  | $ | 938,828 |  |  | $ | 933,850 |
(a) | Includes certain land-related charges (see the following table and Note 2).
(b) | Northeast includes a charge of $15.0 million in 2016 related to the settlement of a disputed land transaction (see Note 11).
(c) | Florida includes a warranty charge of $12.4 million in 2017 related to a closed-out community (see Note 11).
(d) | West includes gains of $26.4 million in 2018 related to two land sale transactions in California.
(e) | Other homebuilding includes the amortization of intangible assets, amortization of capitalized interest, and other items not allocated to the operating segments. Also includes: write-off of $29.6 million of insurance receivables associated with the resolution of certain insurance matters in 2017 (see Note 11); general liability insurance reserve reversals of $35.9 million, $97.8 million, and $57.1 million in 2018, 2017 and 2016, respectively (see Note 11); and costs associated with the relocation of our corporate headquarters totaling $8.3 million in 2016.
| Operating Data by Segment ($000's omitted) Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Land-related charges*: |  |  |  |  |
Northeast | $ | 74,488 |  |  | $ | 51,362 |  |  | $ | 2,079 |
Southeast | 8,140 |  |  | 55,689 |  |  | 3,089 |
Florida | 1,166 |  |  | 9,702 |  |  | 715 |
Midwest | 7,361 |  |  | 8,917 |  |  | 3,383 |
Texas | 1,204 |  |  | 2,521 |  |  | 515 |
West | 5,159 |  |  | 56,995 |  |  | 8,960 |
Other homebuilding | 1,928 |  |  | 6,726 |  |  | 595 |
| $ | 99,446 |  |  | $ | 191,912 |  |  | $ | 19,336 |
* | Land-related charges include land impairments, net realizable value adjustments for land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue. Other homebuilding consists primarily of write-offs of capitalized interest related to such land-related charges. See Note 2 for additional discussion of these charges.
| Operating Data by Segment ($000's omitted) Years Ended December 31,
| 2018 |  | 2017 |  | 2016
Depreciation and amortization: |  |  |  |  |
Northeast | $ | 2,093 |  |  | $ | 2,392 |  |  | $ | 2,133 |
Southeast | 5,231 |  |  | 5,117 |  |  | 5,350 |
Florida | 4,893 |  |  | 4,883 |  |  | 4,955 |
Midwest | 4,271 |  |  | 4,449 |  |  | 5,099 |
Texas | 3,082 |  |  | 3,301 |  |  | 3,673 |
West | 6,758 |  |  | 5,828 |  |  | 6,739 |
Other homebuilding (a) | 18,908 |  |  | 21,326 |  |  | 22,467 |
| 45,236 |  |  | 47,296 |  |  | 50,416 |
Financial Services | 4,193 |  |  | 3,702 |  |  | 3,591 |
| $ | 49,429 |  |  | $ | 50,998 |  |  | $ | 54,007 |
(a) | Other homebuilding includes amortization of intangible assets.
| Operating Data by Segment
| ($000's omitted)
| December 31, 2018
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 268,900 |  |  | $ | 291,467 |  |  | $ | 52,245 |  |  | $ | 612,612 |  |  | $ | 704,515 |
Southeast | 443,140 |  |  | 676,087 |  |  | 90,332 |  |  | 1,209,559 |  |  | 1,347,427 |
Florida | 467,625 |  |  | 892,669 |  |  | 85,321 |  |  | 1,445,615 |  |  | 1,601,906 |
Midwest | 314,442 |  |  | 433,056 |  |  | 29,908 |  |  | 777,406 |  |  | 849,596 |
Texas | 284,405 |  |  | 427,124 |  |  | 98,415 |  |  | 809,944 |  |  | 881,629 |
West | 805,709 |  |  | 1,131,841 |  |  | 118,579 |  |  | 2,056,129 |  |  | 2,208,092 |
Other homebuilding (a) | 45,937 |  |  | 276,981 |  |  | 19,170 |  |  | 342,088 |  |  | 2,006,825 |
| 2,630,158 |  |  | 4,129,225 |  |  | 493,970 |  |  | 7,253,353 |  |  | 9,599,990 |
Financial Services |  |  |  |  |  |  |  |  |  | — |  |  | 572,986 |
| $ | 2,630,158 |  |  | $ | 4,129,225 |  |  | $ | 493,970 |  |  | $ | 7,253,353 |  |  | $ | 10,172,976 |
| 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 |
| December 31, 2016
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 175,253 |  |  | $ | 375,899 |  |  | $ | 135,447 |  |  | $ | 686,599 |  |  | $ | 798,369 |
Southeast (a) | 354,047 |  |  | 650,805 |  |  | 148,793 |  |  | 1,153,645 |  |  | 1,243,188 |
Florida | 309,525 |  |  | 683,376 |  |  | 183,168 |  |  | 1,176,069 |  |  | 1,330,847 |
Midwest | 256,649 |  |  | 474,287 |  |  | 50,302 |  |  | 781,238 |  |  | 851,457 |
Texas | 219,606 |  |  | 413,312 |  |  | 74,750 |  |  | 707,668 |  |  | 793,917 |
West | 580,082 |  |  | 1,226,190 |  |  | 159,387 |  |  | 1,965,659 |  |  | 2,200,058 |
Other homebuilding (a) | 26,097 |  |  | 248,240 |  |  | 25,440 |  |  | 299,777 |  |  | 2,351,082 |
| 1,921,259 |  |  | 4,072,109 |  |  | 777,287 |  |  | 6,770,655 |  |  | 9,568,918 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 609,282 |
| $ | 1,921,259 |  |  | $ | 4,072,109 |  |  | $ | 777,287 |  |  | $ | 6,770,655 |  |  | $ | 10,178,200 |
(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.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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