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Business Segments Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following table shows, by segment, revenue, operating income and interest expense for 2019, 2018 and 2017, as well as the Company’s income before income taxes for such periods:
| Year Ended December 31,
(In thousands) | 2019 |  | 2018 |  | 2017
Revenue: |  |  |  |  |
Northern homebuilding | $ | 1,027,291 |  |  | $ | 933,119 |  |  | $ | 742,577 |
Southern homebuilding | 1,417,676 |  |  | 1,300,967 |  |  | 1,169,701 |
Financial services (a) | 55,323 |  |  | 52,196 |  |  | 49,693 |
Total revenue | $ | 2,500,290 |  |  | $ | 2,286,282 |  |  | $ | 1,961,971 |
Operating income: |  |  |  |  |
Northern homebuilding (b) | $ | 96,239 |  |  | $ | 86,131 |  |  | $ | 81,522 |
Southern homebuilding (c) | 115,082 |  |  | 95,912 |  |  | 72,396 |
Financial services (a) | 27,350 |  |  | 27,482 |  |  | 27,288 |
Less: Corporate selling, general and administrative expense | (51,582 | ) |  | (46,364 | ) |  | (42,547 | )
Total operating income (b) (c) (d) | $ | 187,089 |  |  | $ | 163,161 |  |  | $ | 138,659 |
Interest expense: |  |  |  |  |
Northern homebuilding | $ | 7,474 |  |  | $ | 7,142 |  |  | $ | 5,010 |
Southern homebuilding | 10,250 |  |  | 10,073 |  |  | 11,107 |
Financial services (a) | 3,651 |  |  | 3,269 |  |  | 2,757 |
Total interest expense | $ | 21,375 |  |  | $ | 20,484 |  |  | $ | 18,874 |
Equity in income from joint venture arrangements | $ | (311 | ) |  | $ | (312 | ) |  | $ | (539 | )
Acquisition and integration costs (e) | — |  |  | 1,700 |  |  | — |
Income before income taxes | $ | 166,025 |  |  | $ | 141,289 |  |  | $ | 120,324 |
Depreciation and amortization: |  |  |  |  |
Northern homebuilding | $ | 2,944 |  |  | $ | 2,448 |  |  | $ | 2,069 |
Southern homebuilding | 4,778 |  |  | 4,472 |  |  | 4,579 |
Financial services | 2,095 |  |  | 1,281 |  |  | 1,503 |
Corporate | 6,133 |  |  | 6,330 |  |  | 6,023 |
Total depreciation and amortization | $ | 15,950 |  |  | $ | 14,531 |  |  | $ | 14,174 |
(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 $0.6 million and 5.1 million of acquisition-related charges taken during 2019 and 2018, respectively, as a result of our acquisition of Pinnacle Homes in Detroit, Michigan on March 1, 2018.
(c) | Includes an $8.5 million charge for stucco-related repair costs in certain of our Florida communities (as more fully discussed in Note 8 to our Consolidated Financial Statements) taken during 2017.
(d) | For the years ended December 31, 2019, 2018 and 2017, total operating income was reduced by $5.0 million, $5.8 million and $7.7 million, respectively, related to asset impairment charges taken during the period.
(e) | 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 December 31, 2019 and 2018:
| December 31, 2019
(In thousands) | Northern |  | Southern |  | Corporate, Financial Services and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 3,655 |  |  | $ | 24,877 |  |  | $ | — |  |  | $ | 28,532 |
Inventory (a) | 783,972 |  |  | 957,003 |  |  | — |  |  | 1,740,975 |
Investments in joint venture arrangements | 1,672 |  |  | 36,213 |  |  | — |  |  | 37,885 |
Other assets (d) | 21,564 |  |  | 52,662 |  | (b) | 223,976 |  |  | 298,202 |
Total assets | $ | 810,863 |  |  | $ | 1,070,755 |  |  | $ | 223,976 |  |  | $ | 2,105,594 |
| December 31, 2018
(In thousands) | Northern |  | Southern |  | Corporate, Financial Services and Unallocated |  | Total
Deposits on real estate under option or contract | $ | 5,725 |  |  | $ | 27,937 |  |  | $ | — |  |  | $ | 33,662 |
Inventory (a) | 696,057 |  |  | 944,741 |  |  | — |  |  | 1,640,798 |
Investments in joint venture arrangements | 1,562 |  |  | 34,308 |  |  | — |  |  | 35,870 |
Other assets | 19,524 |  |  | 43,086 |  | (b) | 248,641 |  | (c) | 311,251 |
Total assets | $ | 722,868 |  |  | $ | 1,050,072 |  |  | $ | 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 $18.4 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 9 to our Consolidated Financial Statements 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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