Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting 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)	2020		2019
Revenues:
Builder operations
Central	$	123,425	$	84,425

	Three Months Ended March 31,
(in thousands)	2020		2019
Southeast	67,762		77,173
Total builder operations	191,187		161,598
Land development	22,080		7,030
Total revenues	$	213,267	$	168,628
Gross profit:
Builder operations
Central	$	30,716	$	18,117
Southeast	18,154		19,287
Total builder operations	48,870		37,404
Land development	6,182		1,783
Corporate, other and unallocated (1)	(6,083)		(3,821)
Total gross profit	$	48,969	$	35,366
Income before income taxes:
Builder operations
Central	$	11,868	$	6,938
Southeast	8,804		9,152
Total builder operations	20,672		16,090
Land development	5,577		2,677
Corporate, other and unallocated (2)	(3,493)		(3,448)
Income before income taxes	$	22,756	$	15,319

	March 31, 2020		December 31, 2019
Inventory:
Builder operations
Central	$	279,771	$	251,677
Southeast	184,990		168,140
Total builder operations	464,761		419,817
Land development	279,206		308,071
Corporate, other and unallocated (3)	26,661		25,679
Total inventory	$	770,628	$	753,567
Goodwill: (4)
Builder operations - Southeast	$	680	$	680

(1)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.

(2)Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries.

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

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