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Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
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, Colorado, Nevada, New Mexico, Oregon, Utah, Washington
Operating Data By Reporting Segment
Operating Data by Segment
($000’s omitted)
 Three Months Ended
March 31,
 20242023
Revenues:
Northeast$200,451 $220,648 
Southeast717,690 630,301 
Florida1,162,954 1,077,113 
Midwest534,935 393,870 
Texas535,400 486,393 
West705,373 709,378 
3,856,803 3,517,703 
Financial Services92,357 57,938 
Consolidated revenues$3,949,160 $3,575,641 
Income (loss) before income taxes:
Northeast$39,899 $46,797 
Southeast169,116 145,303 
Florida284,999 270,737 
Midwest94,762 58,904 
Texas94,650 80,065 
West89,483 99,577 
Other homebuilding (a)
54,755 (13,163)
827,664 688,220 
Financial Services40,979 13,902 
Consolidated income before income taxes$868,643 $702,122 

(a)Other homebuilding includes the amortization of intangible assets and capitalized interest and other items not allocated to the other segments. Other homebuilding also includes insurance reserve reversals of $26.8 million for the three months ended March 31, 2024 (see Note 8) and a gain of $37.7 million for the three months ended March 31, 2024 related to the sale of our minority interest in a joint venture.
Operating Data by Segment
($000’s omitted)
Three Months Ended
March 31,
20242023
Land-related charges (a):
Northeast$966 $25 
Southeast990 2,359 
Florida341 2,013 
Midwest360 430 
Texas245 115 
West1,088 741 
Other homebuilding28 — 
$4,018 $5,683 

(a)    Land-related charges include land impairments, net realizable value adjustments on 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.
Total Assets And Inventory By Reporting Segment
 Operating Data by Segment
($000's omitted)
March 31, 2024
 Homes Under
Construction
Land Under
Development
Raw LandConsolidated Inventory Not OwnedTotal
Inventory
Total
Assets
Northeast$326,983 $324,208 $4,171 $— $655,362 $781,186 
Southeast776,362 894,398 64,664 24,719 1,760,143 2,055,151 
Florida (a)
1,458,075 1,324,021 148,394 41,398 2,971,888 3,565,694 
Midwest646,111 668,470 17,464 2,785 1,334,830 1,486,175 
Texas655,405 737,476 108,988 36,992 1,538,861 1,762,181 
West1,696,094 1,604,421 193,248 — 3,493,763 3,918,919 
Other homebuilding (b)
30,752 312,327 9,286 — 352,365 2,049,725 
5,589,782 5,865,321 546,215 105,894 12,107,212 15,619,031 
Financial Services— — — — — 877,199 
$5,589,782 $5,865,321 $546,215 $105,894 $12,107,212 $16,496,230 
 Operating Data by Segment
($000's omitted)
 December 31, 2023
 Homes Under
Construction
Land Under
Development
Raw LandConsolidated Inventory Not OwnedTotal
Inventory
Total
Assets
Northeast$312,903 $337,130 $4,091 $— $654,124 $775,316 
Southeast786,698 826,240 80,451 27,963 1,721,352 1,994,492 
Florida (a)
1,405,934 1,211,087 205,843 48,139 2,871,003 3,420,924 
Midwest621,144 685,139 14,265 3,472 1,324,020 1,476,166 
Texas634,574 721,032 101,394 40,948 1,497,948 1,686,609 
West1,473,617 1,688,498 190,082 — 3,352,197 3,752,089 
Other homebuilding (b)
27,980 336,867 9,879 — 374,726 2,140,954 
5,262,850 5,805,993 606,005 120,522 11,795,370 15,246,550 
Financial Services— — — — — 840,500 
$5,262,850 $5,805,993 $606,005 $120,522 $11,795,370 $16,087,050 
 
(a)Florida includes goodwill of $28.6 million, net of cumulative impairment charges of $20.2 million.
(b)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. Other homebuilding also includes goodwill of $40.4 million.