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Segment Disclosures (Tables)

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

Revenues

The following tables present segment revenues, profit and assets, with reconciliations to the amounts reported for the consolidated enterprise, where applicable:

		Three Months Ended June 30,								Six Months Ended June 30,
		2017				2016				2017				2016
Revenues:
Homebuilding Mid Atlantic		$	872,148			$	772,147			$	1,594,416			$	1,405,718
Homebuilding North East			127,541				108,766				233,771				205,919
Homebuilding Mid East			313,237				306,257				556,268				550,534
Homebuilding South East			199,788				174,571				375,846				321,074
Mortgage Banking			31,778				26,442				61,283				48,964
Total consolidated revenues		$	1,544,492			$	1,388,183			$	2,821,584			$	2,532,209

Profit before Taxes

		Three Months Ended June 30,								Six Months Ended June 30,
		2017				2016				2017				2016
Profit before taxes:
Homebuilding Mid Atlantic		$	100,621			$	63,730			$	165,109			$	110,339
Homebuilding North East			14,112				5,578				23,218				9,643
Homebuilding Mid East			35,986				30,056				58,145				52,789
Homebuilding South East			22,911				15,825				37,481				28,611
Mortgage Banking			18,004				13,973				33,957				24,348
Total segment profit before taxes			191,634				129,162				317,910				225,730
Reconciling items:
Contract land deposit reserve adjustment (1)			(2,064	)			1,307				(2,792	)			2,636
Equity-based compensation expense			(10,878	)			(10,829	)			(21,467	)			(21,378	)
Corporate capital allocation (2)			49,646				46,259				95,833				90,574
Unallocated corporate overhead			(23,360	)			(26,517	)			(50,594	)			(56,026	)
Consolidation adjustments and other			9,614				9,877				13,427				15,862
Corporate interest expense			(5,624	)			(4,539	)			(11,188	)			(9,366	)
Reconciling items sub-total			17,334				15,558				23,219				22,302
Consolidated profit before taxes		$	208,968			$	144,720			$	341,129			$	248,032

(1) This item represents changes to the contract land deposit impairment reserve, which are not allocated to the reportable segments.

(2) This item represents the elimination of the corporate capital allocation charge included in the respective homebuilding reportable segments.  The corporate capital allocation charge is based on the segment’s monthly average asset balance, and was as follows for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
		2017				2016				2017				2016
Corporate capital allocation charge:
Homebuilding Mid Atlantic		$	31,005			$	28,766			$	60,130			$	55,951
Homebuilding North East			4,133				4,447				7,947				9,400
Homebuilding Mid East			7,535				7,458				14,277				14,157
Homebuilding South East			6,973				5,588				13,479				11,066
Total		$	49,646			$	46,259			$	95,833			$	90,574

Assets

		June 30, 2017				December 31, 2016
Assets:
Homebuilding Mid Atlantic		$	1,177,147			$	1,054,779
Homebuilding North East			148,272				126,720
Homebuilding Mid East			274,846				222,736
Homebuilding South East			263,780				214,225
Mortgage Banking			276,564				403,250
Total segment assets			2,140,609				2,021,710
Reconciling items:
Consolidated variable interest entity			1,243				1,251
Cash and cash equivalents			518,482				375,748
Deferred taxes			176,401				170,652
Intangible assets and goodwill			50,835				51,526
Contract land deposit reserve			(34,098	)			(31,306	)
Consolidation adjustments and other			64,615				54,362
Reconciling items sub-total			777,478				622,233
Consolidated assets		$	2,918,087			$	2,643,943

Corporate Capital Allocation Charge

The corporate capital allocation charge is based on the segment’s monthly average asset balance, and was as follows for the periods presented:

		Three Months Ended June 30,								Six Months Ended June 30,
		2017				2016				2017				2016
Corporate capital allocation charge:
Homebuilding Mid Atlantic		$	31,005			$	28,766			$	60,130			$	55,951
Homebuilding North East			4,133				4,447				7,947				9,400
Homebuilding Mid East			7,535				7,458				14,277				14,157
Homebuilding South East			6,973				5,588				13,479				11,066
Total		$	49,646			$	46,259			$	95,833			$	90,574

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

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Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

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