XML 45 R35.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Operating and Reporting Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Segment Reporting [Abstract] |
Segment information on operating results | The following segment information is in thousands:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Homebuilding revenue (1): |  |  |  |  |  |  |
West | $ | 219,774 |  |  | $ | 231,965 |  |  | $ | 426,652 |  |  | $ | 424,646 |
Central | 179,475 |  |  | 160,143 |  |  | 333,501 |  |  | 279,858 |
East | 198,552 |  |  | 113,496 |  |  | 356,360 |  |  | 209,445 |
Consolidated total | $ | 597,801 |  |  | $ | 505,604 |  |  | $ | 1,116,513 |  |  | $ | 913,949 |
Homebuilding segment operating income: |  |  |  |  |  |  |
West | $ | 15,256 |  |  | $ | 27,384 |  |  | $ | 29,453 |  |  | $ | 52,194 |
Central | 21,053 |  |  | 18,720 |  |  | 35,158 |  |  | 28,189 |
East | 15,959 |  |  | 10,580 |  |  | 21,578 |  |  | 21,244 |
Total homebuilding segment operating income | 52,268 |  |  | 56,684 |  |  | 86,189 |  |  | 101,627 |
Financial services segment profit | 4,136 |  |  | 3,617 |  |  | 7,916 |  |  | 6,642 |
Corporate and unallocated costs (2) | (10,336 | ) |  | (7,357 | ) |  | (19,878 | ) |  | (13,333 | )
Loss from unconsolidated entities, net | (169 | ) |  | (61 | ) |  | (292 | ) |  | (230 | )
Interest expense | (4,621 | ) |  | (1,396 | ) |  | (7,775 | ) |  | (4,109 | )
Other income, net | 136 |  |  | 3,749 |  |  | 551 |  |  | 4,397 |
Net earnings before income taxes | $ | 41,414 |  |  | $ | 55,236 |  |  | $ | 66,711 |  |  | $ | 94,994 |
(1) | Homebuilding revenue includes the following land closing revenue, by segment as outlined in the table below.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Land closing revenue: |  |  |  |  |  |  |
West | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,050 |
Central | 5,078 |  |  | 581 |  |  | 6,517 |  |  | 2,097 |
East | 1,696 |  |  | 2,223 |  |  | 1,696 |  |  | 2,223 |
Total | $ | 6,774 |  |  | $ | 2,804 |  |  | $ | 8,213 |  |  | $ | 5,370 |
(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 reporting segments.
Total assets from segment |
|  | At June 30, 2015
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 31,983 |  |  | $ | 33,510 |  |  | $ | 26,592 |  |  | $ | — |  |  | $ | — |  |  | $ | 92,085 |
Real estate |  | 1,008,212 |  |  | 480,194 |  |  | 538,658 |  |  | — |  |  | — |  |  | 2,027,064 |
Investments in unconsolidated entities |  | 204 |  |  | 8,552 |  |  | — |  |  | — |  |  | 1,547 |  |  | 10,303 |
Other assets |  | 45,621 |  |  | 75,576 |  | (1) | 83,185 |  | (2) | 1,033 |  |  | 251,802 |  | (3) | 457,217 |
Total assets |  | $ | 1,086,020 |  |  | $ | 597,832 |  |  | $ | 648,435 |  |  | $ | 1,033 |  |  | $ | 253,349 |  |  | $ | 2,586,669 |
|  | At December 31, 2014
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 34,622 |  |  | $ | 31,317 |  |  | $ | 29,050 |  |  | $ | — |  |  | $ | — |  |  | $ | 94,989 |
Real estate |  | 943,600 |  |  | 446,208 |  |  | 487,874 |  |  | — |  |  | — |  |  | 1,877,682 |
Investments in unconsolidated entities |  | 204 |  |  | 8,561 |  |  | — |  |  | — |  |  | 2,015 |  |  | 10,780 |
Other assets |  | 48,120 |  |  | 80,689 |  | (1) | 70,036 |  | (2) | 958 |  |  | 132,884 |  | (3) | 332,687 |
Total assets |  | $ | 1,026,546 |  |  | $ | 566,775 |  |  | $ | 586,960 |  |  | $ | 958 |  |  | $ | 134,899 |  |  | $ | 2,316,138 |
(1) | Balance consists primarily of development reimbursements from local municipalities, deposits and cash.
(2) | Balance consists primarily of goodwill (see Note 9) and cash.
(3) | Balance consists primarily of cash and securities and our deferred tax asset.

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 2: 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=6534315&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + 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=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration