| Reportable Segment Information |
The following table summarizes our information for reportable segments for the three and six months ended June 30, 2017 and 2016 (in thousands):
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Three Months Ended
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Six Months Ended
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June 30,
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June 30,
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2017
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2016
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2017
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2016
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Operating income:
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Florida
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Revenues:
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Homebuilding
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$
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79,112
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$
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88,597
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$
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149,599
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$
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154,644
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Amenity and other
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4,125
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2,737
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8,762
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5,519
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Land sales
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—
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569
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1,469
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644
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Total revenues
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83,237
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91,903
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159,830
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160,807
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Expenses:
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Homebuilding cost of revenues
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62,640
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69,256
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118,634
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121,173
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Homebuilding selling, general and administrative
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9,106
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11,977
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18,404
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21,185
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Amenity and other
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3,548
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2,349
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7,855
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4,903
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Land sales
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—
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203
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196
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219
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Segment operating income
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$
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7,943
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$
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8,118
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$
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14,741
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$
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13,327
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Carolinas
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Revenues:
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Homebuilding
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$
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82,517
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$
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55,441
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$
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129,362
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$
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88,953
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Land sales
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—
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—
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782
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—
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Total revenues
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82,517
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55,441
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130,144
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88,953
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Expenses:
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Homebuilding cost of revenues
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70,048
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48,236
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110,181
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76,770
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Homebuilding selling, general and administrative
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9,140
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5,734
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14,163
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9,781
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Land sales
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—
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—
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786
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—
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Segment operating income
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$
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3,329
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$
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1,471
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$
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5,014
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$
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2,402
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Arizona
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Revenues:
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Homebuilding
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$
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35,255
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$
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40,567
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$
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66,583
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$
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62,241
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Land sales
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185
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185
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185
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185
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Total revenues
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35,440
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40,752
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66,768
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62,426
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Expenses:
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Homebuilding cost of revenues
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29,912
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33,890
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56,650
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52,436
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Homebuilding selling, general and administrative
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3,782
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3,877
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7,153
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6,919
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Amenity and other
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18
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21
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41
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53
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Land sales
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180
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171
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180
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171
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Segment operating income
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$
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1,548
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$
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2,793
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$
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2,744
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$
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2,847
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Operating income
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$
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12,820
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$
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12,382
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$
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22,499
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$
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18,576
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Unallocated income (expenses):
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Interest income and other
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253
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(23)
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258
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1
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Corporate general and administrative expenses
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(4,986)
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(4,183)
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(9,665)
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(8,270)
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Loss on extinguishment of debt
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(2,933)
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—
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(2,933)
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—
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Interest expense
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(3,685)
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(880)
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(4,522)
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(2,152)
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Income before income taxes
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1,469
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7,296
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5,637
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8,155
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Income tax expense (benefit)
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822
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(110,065)
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2,551
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(109,997)
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Net income
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$
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647
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$
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117,361
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$
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3,086
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$
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118,152
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