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Segment Information (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Apr. 26, 2018

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company has three reportable segments - Builder operations Central, Builder operations Southeast, and Land development. Builder operations Central represents operations of our builders in Texas, whereas Builder operations Southeast represents operations of our builders in Georgia and Florida.

The operations of the Company’s builders were aggregated in these three reportable segments based on similar economic characteristics, including geography, housing products, class of homebuyer, regulatory environments, and methods used to construct and sell homes. The Company believes such presentation is consistent with the objective and basic principles of ASC 280 and provides the most meaningful information about the types of business activities in which the Company engages and the economic environments in which it operates.

Corporate operations are reported as a non-operating segment and include activities which support the Company’s builder operations, land development, title and mortgage operations through centralization of certain administrative functions, such as finance, treasury, information technology and human resources, as well as development of strategic initiatives. Unallocated corporate expenses are reported in the corporate, other and unallocated segment as these activities do not share a majority of aggregation criteria with either the builder operations or land development segments.

While the operations of Challenger meet the criteria for an operating segment, they do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, Challenger’s results are included within the corporate, other and unallocated segment.

Green Brick Title, LLC (“Green Brick Title”), Providence Title and Green Brick Mortgage operations are not economically similar to either builder operations or land development and do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, these entities’ results are included within the corporate, other and unallocated segment.

Operations of EJB River Holdings do not meet the criteria for an operating segment, and they do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, EJB River Holdings’ results are included within the corporate, other and unallocated segment.

Segment information for the year ended December 31, 2017 has been restated to conform with the revised segment presentation for the years ended December 31, 2019 and 2018.

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.



	Years Ended December 31,
(in thousands)	2019			2018			2017
Revenues: ⁽¹⁾
Builder operations
Central	$	396,900		$	282,218		$	224,670
Southeast	363,680			301,595			214,850
Total builder operations	760,580			583,813			439,520
Land development	31,080			39,834			18,730
Total revenues	$	791,660		$	623,647		$	458,250

Gross profit:
Builder operations
Central	$	88,480		$	75,006		$	64,427
Southeast	92,088			82,935			57,820
Total builder operations	180,568			157,941			122,247
Land development	8,050			9,334			5,506
Corporate, other and unallocated⁽²⁾	(19,536		)	(13,073		)	(9,293		)
Total gross profit	$	169,082		$	154,202		$	118,460

Interest expense: ⁽³⁾
Builder operations
Central	$	24,072		$	18,207		$	11,623
Southeast	15,686			12,795			14,141
Total builder operations	39,758			31,002			25,764
Corporate, other and unallocated	(39,758		)	(31,002		)	(25,764		)
Total interest expense	$	—		$	—		$	—

Income before income taxes:
Builder operations
Central	$	36,569		$	37,535		$	36,224
Southeast	47,210			47,237			34,636
Total builder operations	83,779			84,772			70,860
Land development	10,759			6,155			4,320
Corporate, other and unallocated ⁽⁴⁾	(10,209		)	(9,256		)	(10,943		)
Income before income taxes	$	84,329		$	81,671		$	64,237



(in thousands)	December 31, 2019		December 31, 2018
Inventory:
Builder operations
Central	$	251,677	$	160,980
Southeast	168,140		159,616
Total builder operations	419,817		320,596
Land development	308,071		329,105
Corporate, other and unallocated ⁽⁵⁾	25,679		19,260
Total inventory	$	753,567	$	668,961

Goodwill:⁽⁶⁾
Builder operations - Southeast	$	680	$	680


(1)	The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the years ended December 31, 2019, 2018 and 2017 were $0.8 million, $4.9 million and $0.0 million, respectively.


(2)	Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.


(3)	Interest expense of Builder operations Central and Southeast segments represents an interest expense charged by Corporate, other and unallocated segment in relation to financing purchases of land and construction of some of the Company’s Dallas and Atlanta builders. Intercompany interest revenue of the Corporate, other and unallocated segment is eliminated in consolidation.


(4)	Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, Challenger, Green Brick Mortgage, EJB River Holdings, and Providence Title.


(5)	Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.

(6)

In connection with the GRBK GHO business combination, the Company recorded goodwill of $0.7 million.

Schedule of Segment Reporting Information



	Years Ended December 31,
(in thousands)	2019			2018			2017
Revenues: ⁽¹⁾
Builder operations
Central	$	396,900		$	282,218		$	224,670
Southeast	363,680			301,595			214,850
Total builder operations	760,580			583,813			439,520
Land development	31,080			39,834			18,730
Total revenues	$	791,660		$	623,647		$	458,250

Gross profit:
Builder operations
Central	$	88,480		$	75,006		$	64,427
Southeast	92,088			82,935			57,820
Total builder operations	180,568			157,941			122,247
Land development	8,050			9,334			5,506
Corporate, other and unallocated⁽²⁾	(19,536		)	(13,073		)	(9,293		)
Total gross profit	$	169,082		$	154,202		$	118,460

Interest expense: ⁽³⁾
Builder operations
Central	$	24,072		$	18,207		$	11,623
Southeast	15,686			12,795			14,141
Total builder operations	39,758			31,002			25,764
Corporate, other and unallocated	(39,758		)	(31,002		)	(25,764		)
Total interest expense	$	—		$	—		$	—

Income before income taxes:
Builder operations
Central	$	36,569		$	37,535		$	36,224
Southeast	47,210			47,237			34,636
Total builder operations	83,779			84,772			70,860
Land development	10,759			6,155			4,320
Corporate, other and unallocated ⁽⁴⁾	(10,209		)	(9,256		)	(10,943		)
Income before income taxes	$	84,329		$	81,671		$	64,237



(in thousands)	December 31, 2019		December 31, 2018
Inventory:
Builder operations
Central	$	251,677	$	160,980
Southeast	168,140		159,616
Total builder operations	419,817		320,596
Land development	308,071		329,105
Corporate, other and unallocated ⁽⁵⁾	25,679		19,260
Total inventory	$	753,567	$	668,961

Goodwill:⁽⁶⁾
Builder operations - Southeast	$	680	$	680