| Reportable Segment Information |
The following table summarizes our information for reportable segments for the years ended December 31, 2017, 2016 and 2015 (in thousands):
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For the Years Ended December 31,
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2017
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2016
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2015
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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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363,477
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$
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373,383
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$
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300,260
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Amenity and other
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17,061
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11,698
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12,385
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Land sales
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3,349
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3,116
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6,466
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Total revenues
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383,887
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388,197
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319,111
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Expenses:
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Homebuilding cost of revenue
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287,415
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291,372
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239,001
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Homebuilding selling, general and administrative
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40,478
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46,113
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38,500
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Amenity and other
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14,749
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11,062
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10,587
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Land sales
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579
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770
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823
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Segment operating income
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$
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40,666
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$
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38,880
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$
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30,200
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Carolinas
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Revenues:
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Homebuilding
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$
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306,068
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$
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238,549
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$
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114,277
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Land sales
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1,042
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265
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—
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Total revenues
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307,110
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238,814
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114,277
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Expenses:
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Homebuilding cost of revenue
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266,642
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205,348
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95,232
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Homebuilding selling, general and administrative
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32,444
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22,807
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12,205
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Land sales
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1,026
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289
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—
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Segment operating income
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$
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6,998
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$
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10,370
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$
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6,840
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Arizona
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Revenues:
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Homebuilding
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$
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152,071
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$
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152,109
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$
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84,378
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Land sales
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185
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185
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—
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Total revenues
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152,256
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152,294
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84,378
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Expenses:
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Homebuilding cost of revenue
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128,447
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128,751
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71,305
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Homebuilding selling, general and administrative
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15,198
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14,994
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11,981
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Amenity and other
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89
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86
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115
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Land sales
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180
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171
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—
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Segment operating income
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$
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8,342
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$
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8,292
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$
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977
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Operating income
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$
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56,006
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$
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57,542
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$
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38,017
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Unallocated income (expenses):
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Interest income and other
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1,063
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16
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308
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Corporate general and administrative expenses
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(18,271)
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(16,305)
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(16,900)
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Loss on extinguishment of debt
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(9,848)
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—
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—
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Interest expense
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(10,618)
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(3,667)
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(9,039)
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Income before income taxes
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18,332
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37,586
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12,386
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Income tax expense (benefit)
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40,268
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(109,521)
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436
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Net income (loss)
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$
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(21,936)
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$
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147,107
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$
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11,950
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2017
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2016
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Segment assets:
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Florida
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$
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312,383
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$
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317,398
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Carolinas
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238,941
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178,333
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Arizona
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141,566
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158,783
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Unallocated assets
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317,254
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185,719
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Total assets
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$
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1,010,144
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$
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840,233
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