Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Financial Information Relating to Reportable Segments

Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.

Total revenues and income from continuing operations before income taxes for each of our reportable segments were as follows (in thousands):

	Year Ended December 31,
	2014			2013			2012
Total revenues
Maracay	$	150,689		$	145,822		$	103,222
Pardee		525,381			519,074			356,489
Quadrant		145,377			127,237			127,785
Trendmaker		281,270			260,566			298,396
TRI Pointe		324,208			—			—
Winchester		276,691			222,013			184,414
	$	1,703,616		$	1,274,712		$	1,070,306

Income (loss) from continuing operations before taxes
Maracay	$	10,845		$	10,438		$	5,347
Pardee		74,898			(258,138	)		87,691
Quadrant		9,028			1,504			(2,851	)
Trendmaker		31,684			28,452			29,472
TRI Pointe		19,272			—			—
Winchester		24,612			24,561			18,537
Corporate ⁽¹⁾		(42,375	)		(44,271	)		(38,567	)
	$	127,964		$	(237,454	)	$	99,629

Impairments and lot option abandonments
Maracay	$	443		$	203		$	181
Pardee		306			343,661			133
Quadrant		1,059			1,146			2,575
Trendmaker		45			7			—
TRI Pointe		49			—			—
Winchester		613			431			702
Corporate		—			—			—
	$	2,515		$	345,448		$	3,591

⁽¹⁾	Includes $18.0 million of Merger related transaction costs and $5.5 million of restructuring charges for the year ended December 31, 2014.

Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):

	Year Ended December 31,
	2014		2013

Real estate inventories
Maracay	$	153,577	$	131,380
Pardee		924,362		875,618
Quadrant		153,493		113,088
Trendmaker		176,696		130,973
TRI Pointe		613,666		—
Winchester		258,389		214,467
	$	2,280,183	$	1,465,526

Total assets
Maracay	$	170,932	$	138,552
Pardee		1,000,489		976,262
Quadrant		167,796		125,456
Trendmaker		195,829		134,628
TRI Pointe		764,001		—
Winchester		281,547		234,419
Corporate and Other		332,930		301,147
	$	2,913,524	$	1,910,464

- 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.

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