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

12 Months Ended

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

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 Group 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 and GBTM Sendera 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, these results are included within the corporate, other and unallocated segment.

Segment information for the year ended December 31, 2018 has been restated to conform with the revised segment presentation for the years ended December 31, 2020 and 2019.

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)	2020		2019		2018
Revenues: (1)
Builder operations
Central	$	645,475	$	396,900	$	282,218
Southeast	287,257		363,680		301,595
Total builder operations	932,732		760,580		583,813
Land development	43,289		31,080		39,834
Total revenues	$	976,021	$	791,660	$	623,647

Gross profit:
Builder operations
Central	$	172,341	$	88,480	$	75,006
Southeast	77,121		92,088		82,935
Total builder operations	249,462		180,568		157,941
Land development	10,877		8,050		9,334
Corporate, other and unallocated (2)	(25,735)		(19,536)		(13,073)
Total gross profit	$	234,604	$	169,082	$	154,202

Interest expense: (3)
Builder operations
Central	$	—	$	24,072	$	18,207
Southeast	15,635		15,686		12,795
Total builder operations	15,635		39,758		31,002
Corporate, other and unallocated	(15,635)		(39,758)		(31,002)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	99,624	$	34,801	$	36,191
Southeast	41,061		46,268		46,297
Total builder operations	140,685		81,069		82,488
Land development	9,512		13,469		8,439
Corporate, other and unallocated (4)	(7,384)		(10,209)		(9,256)
Income before income taxes	$	142,813	$	84,329	$	81,671


(in thousands)	December 31, 2020		December 31, 2019
Inventory:
Builder operations
Central	$	421,477	$	251,677
Southeast	183,623		168,140
Total builder operations	605,100		419,817
Land development	213,555		308,071
Corporate, other and unallocated (5)	25,980		25,679
Total inventory	$	844,635	$	753,567

Goodwill:
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, 2020, 2019 and 2018 were $2.6 million, $0.8 million and $4.9 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, LLC and investments in unconsolidated subsidiaries.

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

Schedule of Segment Reporting Information


	Years Ended December 31,
(in thousands)	2020		2019		2018
Revenues: (1)
Builder operations
Central	$	645,475	$	396,900	$	282,218
Southeast	287,257		363,680		301,595
Total builder operations	932,732		760,580		583,813
Land development	43,289		31,080		39,834
Total revenues	$	976,021	$	791,660	$	623,647

Gross profit:
Builder operations
Central	$	172,341	$	88,480	$	75,006
Southeast	77,121		92,088		82,935
Total builder operations	249,462		180,568		157,941
Land development	10,877		8,050		9,334
Corporate, other and unallocated (2)	(25,735)		(19,536)		(13,073)
Total gross profit	$	234,604	$	169,082	$	154,202

Interest expense: (3)
Builder operations
Central	$	—	$	24,072	$	18,207
Southeast	15,635		15,686		12,795
Total builder operations	15,635		39,758		31,002
Corporate, other and unallocated	(15,635)		(39,758)		(31,002)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	99,624	$	34,801	$	36,191
Southeast	41,061		46,268		46,297
Total builder operations	140,685		81,069		82,488
Land development	9,512		13,469		8,439
Corporate, other and unallocated (4)	(7,384)		(10,209)		(9,256)
Income before income taxes	$	142,813	$	84,329	$	81,671


(in thousands)	December 31, 2020		December 31, 2019
Inventory:
Builder operations
Central	$	421,477	$	251,677
Southeast	183,623		168,140
Total builder operations	605,100		419,817
Land development	213,555		308,071
Corporate, other and unallocated (5)	25,980		25,679
Total inventory	$	844,635	$	753,567

Goodwill:
Builder operations - Southeast	$	680	$	680