XML 50 R36.htm IDEA: XBRL DOCUMENT
v3.6.0.2

OPERATING AND REPORTING SEGMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Reporting [Abstract] |
Schedule of Segment Information | The following segment information is in thousands:
|  | Years Ended December 31,
|  | 2016 |  | 2015 |  | 2014
Homebuilding revenue (1): |  |  |  |  |  |
West |  | $ | 1,300,906 |  |  | $ | 1,029,801 |  |  | $ | 920,244 |
Central |  | 787,849 |  |  | 731,766 |  |  | 692,320 |
East |  | 940,472 |  |  | 806,515 |  |  | 557,079 |
Consolidated total |  | 3,029,227 |  |  | 2,568,082 |  |  | 2,169,643 |
Homebuilding segment operating income: |  |  |  |  |  |
West |  | 103,801 |  |  | 85,760 |  |  | 102,640 |
Central |  | 74,253 |  |  | 80,444 |  |  | 75,372 |
East |  | 48,126 |  |  | 56,141 |  |  | 46,510 |
Total homebuilding segment operating income |  | 226,180 |  |  | 222,345 |  |  | 224,522 |
Financial services segment profit |  | 21,902 |  |  | 19,271 |  |  | 16,178 |
Corporate and unallocated costs (2) |  | (33,863 | ) |  | (34,903 | ) |  | (33,245 | )
Earnings/(loss) from other unconsolidated entities, net |  | 4,060 |  |  | (338 | ) |  | (447 | )
Interest expense |  | (5,172 | ) |  | (15,965 | ) |  | (5,163 | )
Other income/(expense), net |  | 4,953 |  |  | (946 | ) |  | 6,572 |
Net earnings before income taxes |  | $ | 218,060 |  |  | $ | 189,464 |  |  | $ | 208,417 |
(1) | Homebuilding revenue includes the following land closing revenue, by segment:
|  | Years Ended December 31,
Land closing revenue: |  | 2016 |  | 2015 |  | 2014
West |  | $ | 15,608 |  |  | $ | 2,131 |  |  | $ | 11,155 |
Central |  | 8,885 |  |  | 26,448 |  |  | 8,603 |
East |  | 1,308 |  |  | 7,947 |  |  | 7,494 |
Total |  | $ | 25,801 |  |  | $ | 36,526 |  |  | $ | 27,252 |
(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.
Schedule of Segment Assets |
|  | At December 31, 2016
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 25,863 |  |  | $ | 27,669 |  |  | $ | 32,024 |  |  | $ | — |  |  | $ | — |  |  | $ | 85,556 |
Real estate |  | 1,120,038 |  |  | 595,485 |  |  | 706,540 |  |  | — |  |  | — |  |  | 2,422,063 |
Investments in unconsolidated entities |  | 7,362 |  |  | 7,450 |  |  | — |  |  | — |  |  | 2,285 |  |  | 17,097 |
Other assets |  | 45,624 |  |  | 94,299 |  | (1 | ) | 93,245 |  | (2 | ) | 812 |  |  | 129,995 |  | (3 | ) | 363,975 |
Total assets |  | $ | 1,198,887 |  |  | $ | 724,903 |  |  | $ | 831,809 |  |  | $ | 812 |  |  | $ | 132,280 |  |  | $ | 2,888,691 |
|  | At December 31, 2015
|  | West |  | Central |  | East |  | Financial Services |  | Corporate and Unallocated |  | Total
Deposits on real estate under option or contract |  | $ | 28,488 |  |  | $ | 30,241 |  |  | $ | 29,110 |  |  | $ | — |  |  | $ | — |  |  | $ | 87,839 |
Real estate |  | 1,008,457 |  |  | 505,954 |  |  | 583,891 |  |  | — |  |  | — |  |  | 2,098,302 |
Investments in unconsolidated entities |  | 204 |  |  | 8,704 |  |  | — |  |  | — |  |  | 2,462 |  |  | 11,370 |
Other assets |  | 55,112 |  |  | 87,313 |  | (1 | ) | 77,548 |  | (2 | ) | 898 |  |  | 261,395 |  | (3 | ) | 482,266 |
Total assets |  | $ | 1,092,261 |  |  | $ | 632,212 |  |  | $ | 690,549 |  |  | $ | 898 |  |  | $ | 263,857 |  |  | $ | 2,679,777 |
(1) | Balance consists primarily of development reimbursements from local municipalities and cash.
(2) | Balance consists primarily of goodwill (see Note 9), prepaid permits and fees to local municipalities and cash.
(3) | Balance consists primarily of cash 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=68060357&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=68060357&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 the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + 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 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=68060357&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