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Business Segments Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Segments [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following table shows, by segment: revenue, operating income and interest expense for the three months ended March 31, 2019 and 2018, as well as the Company’s income before income taxes for such periods:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Revenue: |  |  |
Midwest homebuilding | $ | 200,362 |  |  | $ | 158,620 |
Southern homebuilding | 208,544 |  |  | 190,388 |
Mid-Atlantic homebuilding | 60,420 |  |  | 73,823 |
Financial services (a) | 11,783 |  |  | 15,026 |
Total revenue | $ | 481,109 |  |  | $ | 437,857 |
Operating income: |  |  |
Midwest homebuilding (b) | $ | 16,535 |  |  | $ | 12,217 |
Southern homebuilding | 15,392 |  |  | 14,850 |
Mid-Atlantic homebuilding | 2,202 |  |  | 2,592 |
Financial services (a) | 5,695 |  |  | 9,540 |
Less: Corporate selling, general and administrative expense | (9,432 | ) |  | (8,058 | )
Total operating income (b) | $ | 30,392 |  |  | $ | 31,141 |
Interest expense: |  |  |
Midwest homebuilding | $ | 2,481 |  |  | $ | 2,066 |
Southern homebuilding | 2,629 |  |  | 2,287 |
Mid-Atlantic homebuilding | 939 |  |  | 756 |
Financial services (a) | 743 |  |  | 769 |
Total interest expense | $ | 6,792 |  |  | $ | 5,878 |
Equity in loss (income) from joint venture arrangements | 121 |  |  | (310 | )
Acquisition and integration costs (c) | — |  |  | 1,700 |
Income before income taxes | $ | 23,479 |  |  | $ | 23,873 |
(a) | Our financial services operational results should be viewed in connection with our homebuilding business as its operations originate loans and provide title services primarily for our homebuying customers, with the exception of an immaterial amount of mortgage refinancing.
(b) | Includes $0.4 million and $0.9 million of charges related to purchase accounting adjustments taken during the three months ended March 31, 2019 and 2018, respectively, as a result of our acquisition of Pinnacle Homes in Detroit, Michigan on March 1, 2018.
(c) | Represents costs which include, but are not limited to, legal fees and expenses, travel and communication expenses, cost of appraisals, accounting fees and expenses, and miscellaneous expenses related to our acquisition of Pinnacle Homes. As these costs are not eligible for capitalization as initial direct costs, such amounts are expensed as incurred.
The following tables show total assets by segment at March 31, 2019 and December 31, 2018:
| March 31, 2019
(In thousands) | Midwest |  | Southern |  | Mid-Atlantic |  | Corporate, Financial Services and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 5,306 |  |  | $ | 22,467 |  |  | $ | 5,613 |  |  | $ | — |  |  | $ | 33,386 |
Inventory (a) | 693,483 |  |  | 764,217 |  |  | 239,702 |  |  | — |  |  | 1,697,402 |
Investments in joint venture arrangements | 1,649 |  |  | 14,426 |  |  | 24,661 |  |  | — |  |  | 40,736 |
Other assets (d) | 38,146 |  |  | 49,323 |  | (b) | 14,340 |  |  | 198,445 |  | (c) | 300,254 |
Total assets | $ | 738,584 |  |  | $ | 850,433 |  |  | $ | 284,316 |  |  | $ | 198,445 |  |  | $ | 2,071,778 |
| December 31, 2018
(In thousands) | Midwest |  | Southern |  | Mid-Atlantic |  | Corporate, Financial Services and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 5,725 |  |  | $ | 21,758 |  |  | $ | 6,179 |  |  | $ | — |  |  | $ | 33,662 |
Inventory (a) | 696,057 |  |  | 717,248 |  |  | 227,493 |  |  | — |  |  | 1,640,798 |
Investments in joint venture arrangements | 1,562 |  |  | 14,263 |  |  | 20,045 |  |  | — |  |  | 35,870 |
Other assets | 19,524 |  |  | 32,161 |  | (b) | 10,925 |  |  | 248,641 |  | (c) | 311,251 |
Total assets | $ | 722,868 |  |  | $ | 785,430 |  |  | $ | 264,642 |  |  | $ | 248,641 |  |  | $ | 2,021,581 |
(a) | Inventory includes single-family lots, land and land development costs; land held for sale; homes under construction; model homes and furnishings; community development district infrastructure; and consolidated inventory not owned.
(b) | Includes development reimbursements from local municipalities.
(c) | Includes asset held for sale for $5.6 million.
(d) | Includes $20.6 million of operating lease right-of-use assets recorded as a result of the adoption of ASU 2016-02 on January 1, 2019. See Note 1 and Note 15 for further information.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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