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

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

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”), Green Brick Mortgage, and BHome 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.

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)	2021		2020		2019
Revenues: (1)
Builder operations
Central	$	940,021	$	645,475	$	396,900
Southeast	398,211		287,257		363,680
Total builder operations	1,338,232		932,732		760,580
Land development	64,644		43,289		31,080
Total revenues	$	1,402,876	$	976,021	$	791,660

Gross profit:
Builder operations
Central	$	271,799	$	172,341	$	88,480
Southeast	110,181		77,121		92,088
Total builder operations	381,980		249,462		180,568
Land development	9,385		10,877		8,050
Corporate, other and unallocated (2)	(29,306)		(25,735)		(19,536)
Total gross profit	$	362,059	$	234,604	$	169,082

Interest expense: (3)
Builder operations
Central	$	—	$	—	$	24,072
Southeast	15,719		15,635		15,686
Total builder operations	15,719		15,635		39,758
Corporate, other and unallocated	(15,719)		(15,635)		(39,758)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	178,760	$	99,624	$	34,801
Southeast	69,606		41,061		46,268
Total builder operations	248,366		140,685		81,069
Land development	8,767		9,512		13,469
Corporate, other and unallocated (4)	(147)		(7,384)		(10,209)
Income before income taxes	$	256,986	$	142,813	$	84,329


(in thousands)	December 31, 2021		December 31, 2020
Inventory:
Builder operations
Central	$	460,796	$	421,477
Southeast	258,759		183,623
Total builder operations	719,555		605,100
Land development	449,654		213,555
Corporate, other and unallocated (5)	34,534		25,980
Total inventory	$	1,203,743	$	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 consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the years ended December 31, 2021, 2020 and 2019 were $28.5 million, $2.6 million and $0.8 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, in addition to capitalized cost adjustments that are not allocated to operating segments.

(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)	2021		2020		2019
Revenues: (1)
Builder operations
Central	$	940,021	$	645,475	$	396,900
Southeast	398,211		287,257		363,680
Total builder operations	1,338,232		932,732		760,580
Land development	64,644		43,289		31,080
Total revenues	$	1,402,876	$	976,021	$	791,660

Gross profit:
Builder operations
Central	$	271,799	$	172,341	$	88,480
Southeast	110,181		77,121		92,088
Total builder operations	381,980		249,462		180,568
Land development	9,385		10,877		8,050
Corporate, other and unallocated (2)	(29,306)		(25,735)		(19,536)
Total gross profit	$	362,059	$	234,604	$	169,082

Interest expense: (3)
Builder operations
Central	$	—	$	—	$	24,072
Southeast	15,719		15,635		15,686
Total builder operations	15,719		15,635		39,758
Corporate, other and unallocated	(15,719)		(15,635)		(39,758)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	178,760	$	99,624	$	34,801
Southeast	69,606		41,061		46,268
Total builder operations	248,366		140,685		81,069
Land development	8,767		9,512		13,469
Corporate, other and unallocated (4)	(147)		(7,384)		(10,209)
Income before income taxes	$	256,986	$	142,813	$	84,329


(in thousands)	December 31, 2021		December 31, 2020
Inventory:
Builder operations
Central	$	460,796	$	421,477
Southeast	258,759		183,623
Total builder operations	719,555		605,100
Land development	449,654		213,555
Corporate, other and unallocated (5)	34,534		25,980
Total inventory	$	1,203,743	$	844,635

Goodwill:
Builder operations - Southeast	$	680	$	680