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Segment Information | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information We operate two principal businesses: homebuilding and financial services. Our homebuilding operations consist of six homebuilding brands that acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply. Based upon these factors, our homebuilding operations are comprised of the following six reportable segments: Maracay, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California, Colorado and the Carolinas; and Winchester Homes, consisting of operations in Maryland and Virginia. Our TRI Pointe Solutions financial services operation is a reportable segment and is comprised of our TRI Pointe Connect mortgage financing operations, our TRI Pointe Assurance title services operations, and our TRI Pointe Advantage property and casualty insurance agency operations. For further details, see Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies. Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance, internal audit and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. A portion of the expenses incurred by Corporate is allocated to the homebuilding reporting segments. The reportable segments follow the same accounting policies used for our consolidated financial statements, as described in Note 1, Organization, Basis of Presentation and Summary of Significant Accounting Policies. 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 before income taxes for each of our reportable segments were as follows (in thousands):
| Three Months Ended March 31,
| 2019 |  | 2018
Revenues |  |  |
Maracay | $ | 39,561 |  |  | $ | 58,455 |
Pardee Homes | 134,863 |  |  | 180,470 |
Quadrant Homes | 43,871 |  |  | 61,903 |
Trendmaker Homes | 70,821 |  |  | 41,408 |
TRI Pointe Homes | 171,791 |  |  | 190,420 |
Winchester Homes | 33,423 |  |  | 50,737 |
Total homebuilding revenues | 494,330 |  |  | 583,393 |
Financial services | 302 |  |  | 283 |
Total | $ | 494,632 |  |  | $ | 583,676 |
Income (loss) before income taxes |  |  |
Maracay | $ | 1,190 |  |  | $ | 4,391 |
Pardee Homes | (791 | ) |  | 39,191 |
Quadrant Homes | (2,639 | ) |  | 8,140 |
Trendmaker Homes | (1,598 | ) |  | 370 |
TRI Pointe Homes | 10,209 |  |  | 14,531 |
Winchester Homes | (766 | ) |  | 1,607 |
Corporate | (6,266 | ) |  | (11,838 | )
Total homebuilding (loss) income before income taxes | (661 | ) |  | 56,392 |
Financial services | 756 |  |  | 1,148 |
Total | $ | 95 |  |  | $ | 57,540 |
Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands):
| March 31, 2019 |  | December 31, 2018
Real estate inventories |  |  |
Maracay | $ | 320,459 |  |  | $ | 293,217 |
Pardee Homes | 1,300,853 |  |  | 1,286,877 |
Quadrant Homes | 273,621 |  |  | 279,486 |
Trendmaker Homes | 284,734 |  |  | 271,061 |
TRI Pointe Homes | 780,568 |  |  | 812,799 |
Winchester Homes | 282,443 |  |  | 272,619 |
Total | $ | 3,242,678 |  |  | $ | 3,216,059 |
Total assets |  |  |
Maracay | $ | 352,968 |  |  | $ | 318,703 |
Pardee Homes | 1,404,466 |  |  | 1,391,503 |
Quadrant Homes | 346,697 |  |  | 313,947 |
Trendmaker Homes | 315,713 |  |  | 325,943 |
TRI Pointe Homes | 966,252 |  |  | 987,610 |
Winchester Homes | 312,636 |  |  | 298,602 |
Corporate | 136,689 |  |  | 228,010 |
Total homebuilding assets | 3,835,421 |  |  | 3,864,318 |
Financial services | 20,474 |  |  | 19,885 |
Total | $ | 3,855,895 |  |  | $ | 3,884,203 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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