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Segment Information
6 Months Ended
Jun. 30, 2021
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 June 30,Six Months Ended June 30,
(in thousands)2021202020212020
Revenues: (1)
Builder operations
Central$234,315 $152,235 $392,701 $275,660 
Southeast117,658 77,056 186,342 144,818 
Total builder operations351,973 229,291 579,043 420,478 
Land development21,833 3,542 29,242 25,622 
Total revenues$373,806 $232,833 $608,285 $446,100 
Gross profit:
Builder operations
Central$68,144 $38,750 $112,033 $69,945 
Southeast34,293 20,329 53,342 38,587 
Total builder operations102,437 59,079 165,375 108,532 
Land development5,524 1,177 7,304 6,775 
Corporate, other and unallocated (2)
(6,985)(6,361)(12,714)(12,443)
Total gross profit$100,976 $53,895 $159,965 $102,864 
Income before income taxes:
Builder operations
Central$44,360 $25,038 $69,218 $37,005 
Southeast24,246 12,320 34,409 21,063 
Total builder operations68,606 37,358 103,627 58,068 
Land development5,285 198 7,129 5,737 
Corporate, other and unallocated (3)
86 (1,371)(1,517)(4,864)
Income before income taxes$73,977 $36,185 $109,239 $58,941 
June 30, 2021December 31, 2020
Inventory:
Builder operations
Central$490,409 $421,477 
Southeast249,976 183,623 
Total builder operations740,385 605,100 
Land development336,257 213,555 
Corporate, other and unallocated (4)
29,499 25,980 
Total inventory$1,106,141 $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 and six months ended June 30, 2021 were $18.5 million and $28.3 million, respectively, compared to $0.6 million for the three and six months ended June 30, 2020, 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)Corporate, other and unallocated income (loss) before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments.

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