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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
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 related to the Company’s reportable segments is as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Revenues: (1)
Builder operations
Central$293,640 $259,033 $960,258 $885,611 
Southeast122,758 144,961 360,947 395,677 
Total builder operations416,398 403,994 1,321,205 1,281,288 
Land development2,580 3,950 6,123 45,416 
Total revenues$418,978 $407,944 $1,327,328 $1,326,704 
Gross profit:
Builder operations
Central$108,699 $94,122 $318,982 $311,694 
Southeast40,931 47,493 120,128 116,543 
Total builder operations149,630 141,615 439,110 428,237 
Land development737 1,610 2,283 12,852 
Corporate, other and unallocated (2)
(11,354)(9,906)(34,839)(30,518)
Total gross profit$139,013 $133,319 $406,554 $410,571 
Income before income taxes:
Builder operations
Central$76,967 $67,698 $219,784 $230,174 
Southeast27,204 34,042 81,969 79,720 
Total builder operations104,171 101,740 301,753 309,894 
Land development1,148 915 3,063 12,125 
Corporate, other and unallocated (3)
(7,233)(5,059)(15,346)(3,508)
Income before income taxes$98,086 $97,596 $289,470 $318,511 
September 30, 2023December 31, 2022
Inventory:
Builder operations
Central$598,810 $515,981 
Southeast318,177 293,787 
Total builder operations916,987 809,768 
Land development503,411 570,065 
Corporate, other and unallocated (4)
41,866 42,847 
Total inventory$1,462,264 $1,422,680 
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. Land and lot closings revenue were $0.5 million for the three and nine months ended September 30, 2023. Land and lot closings revenues were $7.2 million and $7.4 million for the three and nine months ended September 30, 2022.
(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, Ventana Insurance, 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 homes under construction and land under development.