Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

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)	2021		2020
Revenues: (1)
Builder operations
Central	$	158,386	$	123,425
Southeast	68,684		67,762
Total builder operations	227,070		191,187
Land development	7,409		22,080
Total revenues	$	234,479	$	213,267
Gross profit:
Builder operations
Central	$	43,889	$	31,195
Southeast	19,049		18,258
Total builder operations	62,938		49,453

	Three Months Ended March 31,
(in thousands)	2021		2020
Land development	1,780		5,598
Corporate, other and unallocated (2)	(5,729)		(6,082)
Total gross profit	$	58,989	$	48,969
Income before income taxes:
Builder operations
Central	$	24,858	$	11,967
Southeast	10,163		8,743
Total builder operations	35,021		20,710
Land development	1,844		5,539
Corporate, other and unallocated (3)	(1,603)		(3,493)
Income before income taxes	$	35,262	$	22,756

	March 31, 2021		December 31, 2020
Inventory:
Builder operations
Central	$	468,724	$	421,477
Southeast	220,979		183,623
Total builder operations	689,703		605,100
Land development	203,645		213,555
Corporate, other and unallocated (4)	27,542		25,980
Total inventory	$	920,890	$	844,635
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 condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three months ended March 31, 2021 were $9.8 million compared to $0.0 million for the three months ended March 31, 2020.

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

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