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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

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												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Revenues:
Northeast			$	285,874					$	141,478					$	462,342					$	303,912
Southeast			517,256						457,863						954,034						840,257
Florida			791,564						581,520						1,416,805						1,088,209
Midwest			465,590						339,680						832,403						631,849
Texas			470,294						365,348						844,416						710,086
West			737,877						613,090						1,382,124						1,165,096
			3,268,455						2,498,979						5,892,124						4,739,409
Financial Services			91,029						94,802						197,150						149,352
Consolidated revenues			$	3,359,484					$	2,593,781					$	6,089,274					$	4,888,761
Income (loss) before income taxes:
Northeast			$	53,300					$	18,944					$	79,194					$	37,553
Southeast			93,444						72,780						164,766						127,524
Florida (a)			147,833						97,263						249,040						152,596
Midwest			70,804						43,607						123,668						75,069
Texas			84,388						59,909						150,037						113,504
West			131,070						90,164						229,902						157,419
Other homebuilding (b)			7,180						13,918						(80,884)						(22,861)
			588,019						396,585						915,723						640,804
Financial Services			51,454						60,424						117,803						79,974
Consolidated income before income taxes			$	639,473					$	457,009					$	1,033,526					$	720,778

(a)Includes goodwill impairment charge totaling $20.2 million (see Note 1) in the six months ended June 30, 2020.

(b)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 adjustments of $46.2 million and $52.3 million for the three and six months ended June 30, 2021, respectively, and $60.7 million and $59.4 million for the three and six months ended June 30, 2020 (see Note 8). Other homebuilding also includes a loss on debt retirement of $61.5 million in the six months ended June 30, 2021 (see Note 4).

			Operating Data by Segment ($000’s omitted)
			Three Months Ended												Six Months Ended
			June 30,												June 30,
			2021						2020						2021						2020
Land-related charges (a):
Northeast			$	18					$	92					$	134					$	4,845
Southeast			883						929						1,339						1,676
Florida			302						459						433						981
Midwest			438						499						492						1,275
Texas			263						329						791						986
West			(19)						145						65						1,674
Other homebuilding			—						—						—						744
			$	1,885					$	2,453					$	3,254					$	12,181

(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)
			June 30, 2021
			Homes Under Construction						Land Under Development						Raw Land						Total Inventory						Total Assets
Northeast			$	379,303					$	230,831					$	28,960					$	639,094					$	735,366
Southeast			631,880						576,612						59,327						1,267,819						1,405,516
Florida			803,909						860,922						74,281						1,739,112						2,100,982
Midwest			522,661						376,402						25,872						924,935						1,041,914
Texas			468,435						417,435						95,595						981,465						1,082,300
West			1,213,043						1,089,048						192,561						2,494,652						2,734,463
Other homebuilding (a)			60,152						257,560						14,162						331,874						2,249,872
			4,079,383						3,808,810						490,758						8,378,951						11,350,413
Financial Services			—						—						—						—						731,607
			$	4,079,383					$	3,808,810					$	490,758					$	8,378,951					$	12,082,020

			Operating Data by Segment
			($000's omitted)
			December 31, 2020
			Homes Under Construction						Land Under Development						Raw Land						Total Inventory						Total Assets
Northeast			$	342,737					$	203,561					$	68,865					$	615,163					$	712,205
Southeast			465,950						645,408						69,937						1,181,295						1,296,382
Florida			638,394						921,962						116,709						1,677,065						1,967,788
Midwest			364,839						424,169						18,173						807,181						911,984
Texas			354,256						458,893						66,024						879,173						955,436
West			874,673						1,212,730						142,380						2,229,783						2,519,724
Other homebuilding (a)			45,891						270,595						15,652						332,138						3,149,871
			3,086,740						4,137,318						497,740						7,721,798						11,513,390
Financial Services			—						—						—						—						692,108
			$	3,086,740					$	4,137,318					$	497,740					$	7,721,798					$	12,205,498

(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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