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

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Apr. 26, 2018

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company has three reportable segments - Builder operations Central, Builder operations Southeast, and Land development. Builder operations Central represents operations by our builders in Texas, whereas Builder operations Southeast represents operations by our builders in Georgia and Florida. The Land development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. The operations of the Company’s builders and land development were aggregated in 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.

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 the 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, Segment Reporting (“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”) 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.

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.

Financial information relating to the Company’s reportable segments is as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Revenues: (1)
Builder operations
Central	$	1,181,393	$	940,021	$	645,475
Southeast	529,921		398,211		287,257
Total builder operations	1,711,314		1,338,232		932,732
Land development	46,479		64,644		43,289
Total revenues	$	1,757,793	$	1,402,876	$	976,021

Gross profit:
Builder operations
Central	$	393,697	$	271,799	$	172,341
Southeast	156,840		110,181		77,121
Total builder operations	550,537		381,980		249,462
Land development	13,393		9,385		10,877
Corporate, other and unallocated (2)	(40,905)		(29,306)		(25,735)
Total gross profit	$	523,025	$	362,059	$	234,604

Interest expense: (3)
Builder operations
Central	$	—	$	—	$	—
Southeast	32,323		15,719		15,635
Total builder operations	32,323		15,719		15,635
Corporate, other and unallocated	(32,323)		(15,719)		(15,635)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	281,793	$	178,760	$	99,624
Southeast	107,669		69,606		41,061
Total builder operations	389,462		248,366		140,685
Land development	13,062		8,767		9,512
Corporate, other and unallocated (4)	(6,059)		(147)		(7,384)
Income before income taxes	$	396,465	$	256,986	$	142,813


	December 31, 2022		December 31, 2021
Inventory:
Builder operations
Central	$	515,981	$	460,796
Southeast	293,787		258,759
Total builder operations	809,768		719,555
Land development	570,065		449,654
Corporate, other and unallocated (5)	42,847		34,534
Total inventory	$	1,422,680	$	1,203,743

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, 2022, 2021 and 2020 were $7.4 million, $28.5 million and $2.6 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, Ventana Insurance, 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

Financial information relating to the Company’s reportable segments is as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Revenues: (1)
Builder operations
Central	$	1,181,393	$	940,021	$	645,475
Southeast	529,921		398,211		287,257
Total builder operations	1,711,314		1,338,232		932,732
Land development	46,479		64,644		43,289
Total revenues	$	1,757,793	$	1,402,876	$	976,021

Gross profit:
Builder operations
Central	$	393,697	$	271,799	$	172,341
Southeast	156,840		110,181		77,121
Total builder operations	550,537		381,980		249,462
Land development	13,393		9,385		10,877
Corporate, other and unallocated (2)	(40,905)		(29,306)		(25,735)
Total gross profit	$	523,025	$	362,059	$	234,604

Interest expense: (3)
Builder operations
Central	$	—	$	—	$	—
Southeast	32,323		15,719		15,635
Total builder operations	32,323		15,719		15,635
Corporate, other and unallocated	(32,323)		(15,719)		(15,635)
Total interest expense	$	—	$	—	$	—

Income before income taxes:
Builder operations
Central	$	281,793	$	178,760	$	99,624
Southeast	107,669		69,606		41,061
Total builder operations	389,462		248,366		140,685
Land development	13,062		8,767		9,512
Corporate, other and unallocated (4)	(6,059)		(147)		(7,384)
Income before income taxes	$	396,465	$	256,986	$	142,813


	December 31, 2022		December 31, 2021
Inventory:
Builder operations
Central	$	515,981	$	460,796
Southeast	293,787		258,759
Total builder operations	809,768		719,555
Land development	570,065		449,654
Corporate, other and unallocated (5)	42,847		34,534
Total inventory	$	1,422,680	$	1,203,743

Goodwill:
Builder operations - Southeast	$	680	$	680