XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION

Financial information relating to the Company’s reportable segments is as follows. 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.
 
Three Months Ended March 31,
(in thousands)
2017
 
2016
Revenues:
 
 
 
Builder Operations
 
 
 
Texas
$
50,670

 
$
33,581

Georgia
42,727

 
33,047

Corporate and Other
—

 
—

Land Development
5,940

 
3,330

 
$
99,337

 
$
69,958

Gross profit:
 
 
 
Builder Operations
 
 
 
Texas
$
12,310

 
$
8,588

Georgia
9,348

 
7,152

Corporate and Other
(2,200
)
 
(2,275
)
Land Development
1,828

 
949

 
$
21,286

 
$
14,414

Income before taxes
  

 
  

Builder Operations
 
 
 
Texas
$
8,375

 
$
5,279

Georgia
6,102

 
4,340

Corporate and Other
(3,867
)
 
(4,502
)
Land Development
1,505

 
826

 
$
12,115

 
$
5,943

 
 
 
 
 
March 31, 2017
 
December 31, 2016
Inventory:
 
 
 
Builder Operations
 
 
 
Texas
$
76,935

 
$
76,878

Georgia
102,293

 
90,859

Corporate and Other
11,088

 
9,834

Land Development
215,883

 
232,726

 
$
406,199

 
$
410,297