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Segment Information (Tables) | 9 Months Ended
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Sep. 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 |  | Nine Months Ended
| September 30, |  | September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenues: |  |  |  |  |  |  |
Northeast | $ | 273,261 |  |  | $ | 242,829 |  |  | $ | 735,602 |  |  | $ | 546,741 |
Southeast | 587,875 |  |  | 434,782 |  |  | 1,541,910 |  |  | 1,275,039 |
Florida | 740,569 |  |  | 623,971 |  |  | 2,157,374 |  |  | 1,712,180 |
Midwest | 505,012 |  |  | 411,797 |  |  | 1,337,416 |  |  | 1,043,646 |
Texas | 412,568 |  |  | 359,358 |  |  | 1,256,983 |  |  | 1,069,444 |
West | 868,283 |  |  | 775,349 |  |  | 2,250,407 |  |  | 1,940,445 |
| 3,387,568 |  |  | 2,848,086 |  |  | 9,279,692 |  |  | 7,587,495 |
Financial Services | 91,482 |  |  | 106,871 |  |  | 288,632 |  |  | 256,223 |
Consolidated revenues | $ | 3,479,050 |  |  | $ | 2,954,957 |  |  | $ | 9,568,324 |  |  | $ | 7,843,718 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Northeast | $ | 53,410 |  |  | $ | 39,442 |  |  | $ | 132,604 |  |  | $ | 76,995 |
Southeast | 109,407 |  |  | 69,275 |  |  | 274,174 |  |  | 196,798 |
Florida (a) | 133,642 |  |  | 106,394 |  |  | 382,682 |  |  | 258,991 |
Midwest | 72,537 |  |  | 62,638 |  |  | 196,205 |  |  | 137,707 |
Texas | 71,062 |  |  | 64,646 |  |  | 221,099 |  |  | 178,150 |
West | 173,137 |  |  | 121,974 |  |  | 403,039 |  |  | 279,393 |
Other homebuilding (b) | (41,432) |  |  | (44,266) |  |  | (122,317) |  |  | (67,128) |
| 571,763 |  |  | 420,103 |  |  | 1,487,486 |  |  | 1,060,906 |
Financial Services | 48,639 |  |  | 64,064 |  |  | 166,442 |  |  | 144,038 |
Consolidated income before income taxes | $ | 620,402 |  |  | $ | 484,167 |  |  | $ | 1,653,928 |  |  | $ | 1,204,944 |
(a)Includes goodwill impairment charge totaling $20.2 million (see Note 1) in the nine months ended September 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 $53.7 million and $59.4 million in the nine months ended September 30, 2021 and 2020, respectively (see Note 8). Other homebuilding also includes a loss on debt retirement of $61.5 million in the nine months ended September 30, 2021 (see Note 4).
| Operating Data by Segment ($000’s omitted)
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Land-related charges (a): |  |  |  |  |  |  |
Northeast | $ | 223 |  |  | $ | 419 |  |  | $ | 357 |  |  | $ | 5,264 |
Southeast | 1,915 |  |  | 725 |  |  | 3,253 |  |  | 2,401 |
Florida | 209 |  |  | 108 |  |  | 642 |  |  | 1,089 |
Midwest | 477 |  |  | 190 |  |  | 969 |  |  | 1,466 |
Texas | 141 |  |  | 82 |  |  | 932 |  |  | 1,068 |
West | 602 |  |  | 170 |  |  | 667 |  |  | 1,844 |
Other homebuilding | — |  |  | 54 |  |  | — |  |  | 798 |
| $ | 3,567 |  |  | $ | 1,748 |  |  | $ | 6,820 |  |  | $ | 13,930 |
(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, 2021
| Homes Under Construction |  | Land Under Development |  | Raw Land |  | Total Inventory |  | Total Assets
Northeast | $ | 388,349 |  |  | $ | 219,528 |  |  | $ | 19,342 |  |  | $ | 627,219 |  |  | $ | 720,459 |
Southeast | 661,217 |  |  | 546,377 |  |  | 63,626 |  |  | 1,271,220 |  |  | 1,418,078 |
Florida | 921,505 |  |  | 801,772 |  |  | 150,170 |  |  | 1,873,447 |  |  | 2,263,896 |
Midwest | 590,282 |  |  | 426,622 |  |  | 22,623 |  |  | 1,039,527 |  |  | 1,158,792 |
Texas | 575,372 |  |  | 454,218 |  |  | 81,310 |  |  | 1,110,900 |  |  | 1,226,423 |
West | 1,275,338 |  |  | 1,120,100 |  |  | 245,503 |  |  | 2,640,941 |  |  | 2,899,079 |
Other homebuilding (a) | 57,232 |  |  | 281,199 |  |  | 15,755 |  |  | 354,186 |  |  | 2,124,281 |
| 4,469,295 |  |  | 3,849,816 |  |  | 598,329 |  |  | 8,917,440 |  |  | 11,811,008 |
Financial Services | — |  |  | — |  |  | — |  |  | — |  |  | 760,843 |
| $ | 4,469,295 |  |  | $ | 3,849,816 |  |  | $ | 598,329 |  |  | $ | 8,917,440 |  |  | $ | 12,571,851 |
| 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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