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Operating and Reporting Segments (Tables) | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Segment information on operating results | The following segment information is in thousands:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Homebuilding revenue (1): |  |  |  |  |  |  |
West | $ | 234,950 |  |  | $ | 259,669 |  |  | $ | 659,596 |  |  | $ | 695,615 |
Central | 179,761 |  |  | 139,307 |  |  | 459,619 |  |  | 357,406 |
East | 142,065 |  |  | 93,104 |  |  | 351,510 |  |  | 225,444 |
Consolidated total | $ | 556,776 |  |  | $ | 492,080 |  |  | $ | 1,470,725 |  |  | $ | 1,278,465 |
Homebuilding segment operating income: |  |  |  |  |  |  |
West | $ | 22,204 |  |  | $ | 41,298 |  |  | $ | 74,398 |  |  | $ | 95,356 |
Central | 19,323 |  |  | 12,677 |  |  | 47,512 |  |  | 22,320 |
East | 9,295 |  |  | 9,990 |  |  | 30,539 |  |  | 19,991 |
Total homebuilding segment operating income | 50,822 |  |  | 63,965 |  |  | 152,449 |  |  | 137,667 |
Financial services profit | 4,294 |  |  | 4,294 |  |  | 10,936 |  |  | 11,515 |
Corporate and unallocated (2) | (9,490 | ) |  | (8,662 | ) |  | (22,823 | ) |  | (22,011 | )
(Loss)/earnings from other unconsolidated entities, net | (134 | ) |  | 46 |  |  | (364 | ) |  | (229 | )
Interest expense | (460 | ) |  | (3,462 | ) |  | (4,569 | ) |  | (13,113 | )
Other income, net | 1,998 |  |  | 605 |  |  | 6,395 |  |  | 1,760 |
Loss on early extinguishment of debt | — |  |  | — |  |  | — |  |  | (3,796 | )
Earnings before income taxes | $ | 47,030 |  |  | $ | 56,786 |  |  | $ | 142,024 |  |  | $ | 111,793 |
(1) | Homebuilding revenue includes the following land closing revenue, by segment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Land closing revenue: |  |  |  |  |  |  |
West | $ | 10,105 |  |  | $ | 5,875 |  |  | $ | 11,155 |  |  | $ | 11,616 |
Central | 1,147 |  |  | 3,058 |  |  | 3,244 |  |  | 13,482 |
East | — |  |  | — |  |  | 2,223 |  |  | 3,470 |
Consolidated total | $ | 11,252 |  |  | $ | 8,933 |  |  | $ | 16,622 |  |  | $ | 28,568 |
(2) | Balance consists primarily of corporate costs and numerous shared service functions such as finance and treasury that are not allocated to the homebuilding or financial services reporting segments.
Total assets from segment |
| At September 30, 2014
| West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 22,569 |  |  | $ | 26,956 |  |  | $ | 30,738 |  |  | $ | — |  |  | $ | — |  |  | $ | 80,263 |
Real estate | 945,921 |  |  | 464,158 |  |  | 454,972 |  |  | — |  |  | — |  |  | 1,865,051 |
Investments in unconsolidated entities | 203 |  |  | 8,451 |  |  | — |  |  | — |  |  | 1,246 |  |  | 9,900 |
Other assets | 45,005 |  |  | 83,378 |  |  | 63,916 |  |  | 607 |  |  | 124,692 |  | (1) | 317,598 |
Total assets | $ | 1,013,698 |  |  | $ | 582,943 |  |  | $ | 549,626 |  |  | $ | 607 |  |  | $ | 125,938 |  |  | $ | 2,272,812 |
| At December 31, 2013
| West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 26,415 |  |  | $ | 12,198 |  |  | $ | 12,982 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,595 |
Real estate | 800,288 |  |  | 369,464 |  |  | 235,547 |  |  | — |  |  | — |  |  | 1,405,299 |
Investments in unconsolidated entities | 204 |  |  | 8,941 |  |  | 50 |  |  | — |  |  | 2,443 |  |  | 11,638 |
Other assets | 26,900 |  |  | 165,403 |  | (1) | 31,372 |  |  | 497 |  |  | 310,657 |  | (1) | 534,829 |
Total assets | $ | 853,807 |  |  | $ | 556,006 |  |  | $ | 279,951 |  |  | $ | 497 |  |  | $ | 313,100 |  |  | $ | 2,003,361 |
(1) Balance consists primarily of cash and securities and our deferred tax asset.

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