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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
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, 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
Operating Data By Reporting Segment |
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenues: |  |  |  |  |  |  |
Northeast | $ | 242,829 |  |  | $ | 209,696 |  |  | $ | 546,741 |  |  | $ | 520,425 |
Southeast | 434,782 |  |  | 456,244 |  |  | 1,275,039 |  |  | 1,240,782 |
Florida | 623,971 |  |  | 539,269 |  |  | 1,712,180 |  |  | 1,470,866 |
Midwest | 411,797 |  |  | 403,916 |  |  | 1,043,646 |  |  | 1,048,090 |
Texas | 359,358 |  |  | 359,717 |  |  | 1,069,444 |  |  | 971,606 |
West | 775,349 |  |  | 676,708 |  |  | 1,940,445 |  |  | 1,779,641 |
| 2,848,086 |  |  | 2,645,550 |  |  | 7,587,495 |  |  | 7,031,410 |
Financial Services | 106,871 |  |  | 64,815 |  |  | 256,223 |  |  | 164,634 |
Consolidated revenues | $ | 2,954,957 |  |  | $ | 2,710,365 |  |  | $ | 7,843,718 |  |  | $ | 7,196,044 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 39,442 |  |  | $ | 37,285 |  |  | $ | 76,995 |  |  | $ | 71,425 |
Southeast (a) | 69,275 |  |  | 42,313 |  |  | 196,798 |  |  | 122,668 |
Florida (b) | 106,394 |  |  | 89,186 |  |  | 258,991 |  |  | 218,848 |
Midwest | 62,638 |  |  | 55,286 |  |  | 137,707 |  |  | 124,406 |
Texas | 64,646 |  |  | 53,502 |  |  | 178,150 |  |  | 133,617 |
West | 121,974 |  |  | 100,034 |  |  | 279,393 |  |  | 284,659 |
Other homebuilding (c) | (44,266 | ) |  | (43,744 | ) |  | (67,128 | ) |  | (121,769 | )
| 420,103 |  |  | 333,862 |  |  | 1,060,906 |  |  | 833,854 |
Financial Services | 64,064 |  |  | 32,284 |  |  | 144,038 |  |  | 69,771 |
Consolidated income before income taxes | $ | 484,167 |  |  | $ | 366,146 |  |  | $ | 1,204,944 |  |  | $ | 903,625 |
(a) | Includes charges of $9.0 million and $14.8 million in the three and nine months ended September 30, 2019, respectively, related to estimated costs to complete repairs in a closed-out community.
(b) | Includes goodwill impairment charge totaling $20.2 million (see Note 1) in the nine months ended September 30, 2020.
(c) | Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the operating segments. Other homebuilding also includes net insurance reserve reversals of $59.4 million and $18.3 million for the nine months ended September 30, 2020 and 2019, respectively, and write-offs of insurance receivables of $24.0 million for the nine months ended September 30, 2019 (see Note 8).
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Land-related charges (a): |  |  |  |  |  |  |
Northeast | $ | 419 |  |  | $ | 253 |  |  | $ | 5,264 |  |  | $ | 707 |
Southeast | 725 |  |  | 8,167 |  |  | 2,401 |  |  | 10,754 |
Florida | 108 |  |  | 225 |  |  | 1,089 |  |  | 1,471 |
Midwest | 190 |  |  | 528 |  |  | 1,466 |  |  | 1,832 |
Texas | 82 |  |  | 94 |  |  | 1,068 |  |  | 577 |
West | 170 |  |  | 1,166 |  |  | 1,844 |  |  | 1,813 |
Other homebuilding | 54 |  |  | 307 |  |  | 798 |  |  | 395 |
| $ | 1,748 |  |  | $ | 10,740 |  |  | $ | 13,930 |  |  | $ | 17,549 |
(a) Land-related charges include land impairments, NRV adjustments on land held for sale, and write-offs of deposits and pre-acquisition costs for land option contracts we elected not to pursue.
Total Assets And Inventory By Reporting Segment |
| Operating Data by Segment
| ($000's omitted)
| September 30, 2020
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 369,977 |  |  | $ | 221,070 |  |  | $ | 24,271 |  |  | $ | 615,318 |  |  | $ | 711,598 |
Southeast | 428,481 |  |  | 668,357 |  |  | 55,664 |  |  | 1,152,502 |  |  | 1,279,533 |
Florida | 558,976 |  |  | 892,609 |  |  | 118,827 |  |  | 1,570,412 |  |  | 1,859,865 |
Midwest | 382,553 |  |  | 429,463 |  |  | 19,818 |  |  | 831,834 |  |  | 932,111 |
Texas | 321,741 |  |  | 452,156 |  |  | 68,375 |  |  | 842,272 |  |  | 924,410 |
West | 958,715 |  |  | 1,246,302 |  |  | 109,946 |  |  | 2,314,963 |  |  | 2,608,256 |
Other homebuilding (a) | 45,358 |  |  | 229,166 |  |  | 13,646 |  |  | 288,170 |  |  | 2,506,868 |
| 3,065,801 |  |  | 4,139,123 |  |  | 410,547 |  |  | 7,615,471 |  |  | 10,822,641 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 542,381 |
| $ | 3,065,801 |  |  | $ | 4,139,123 |  |  | $ | 410,547 |  |  | $ | 7,615,471 |  |  | $ | 11,365,022 |
| Operating Data by Segment
| ($000's omitted)
| December 31, 2019
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 345,644 |  |  | $ | 242,666 |  |  | $ | 25,098 |  |  | $ | 613,408 |  |  | $ | 698,661 |
Southeast | 430,008 |  |  | 724,258 |  |  | 72,804 |  |  | 1,227,070 |  |  | 1,354,086 |
Florida | 539,895 |  |  | 894,716 |  |  | 99,228 |  |  | 1,533,839 |  |  | 1,700,198 |
Midwest | 315,822 |  |  | 464,733 |  |  | 31,881 |  |  | 812,436 |  |  | 886,889 |
Texas | 343,230 |  |  | 447,707 |  |  | 84,926 |  |  | 875,863 |  |  | 949,236 |
West | 881,551 |  |  | 1,289,255 |  |  | 105,606 |  |  | 2,276,412 |  |  | 2,538,803 |
Other homebuilding (a) | 42,866 |  |  | 283,772 |  |  | 14,948 |  |  | 341,586 |  |  | 1,953,440 |
| 2,899,016 |  |  | 4,347,107 |  |  | 434,491 |  |  | 7,680,614 |  |  | 10,081,313 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 634,284 |
| $ | 2,899,016 |  |  | $ | 4,347,107 |  |  | $ | 434,491 |  |  | $ | 7,680,614 |  |  | $ | 10,715,597 |
(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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