Reporting Segments

9 Months Ended

Sep. 30, 2016

Reporting Segments [Abstract]

Reporting Segments

2. Reporting Segments

Our homebuilding operations are organized into the following six operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah.  Our Corporate operations are a non-operating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments.  In addition, our Corporate operations include certain assets and income produced from residential rental property in Colorado.  Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes.

The following table summarizes total revenue and income before income tax expense by operating segment (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Revenue:
Atlanta	$	82,334	$	61,175	$	237,323	$	188,075
Central Texas		21,376		19,186		74,425		52,759
Colorado		95,278		60,566		262,148		191,694
Houston		8,660		9,354		31,754		26,844
Nevada		45,398		32,451		91,134		68,852
Utah		367		—		367		—
Corporate		—		—		—		—
Total revenue	$	253,413	$	182,732	$	697,151	$	528,224
Income before income tax expense:
Atlanta	$	7,848	$	4,195	$	21,827	$	13,999
Central Texas		429		463		4,541		3,713
Colorado		14,490		9,806		38,279		27,325
Houston		(717)		(59)		(2,403)		(713)
Nevada		4,872		5,108		9,479		9,878
Utah		(367)		—		(524)		—
Corporate		(6,824)		(3,568)		(19,942)		(14,302)
Total income before income tax expense	$	19,731	$	15,945	$	51,257	$	39,900

The following table summarizes total assets by operating segment (in thousands):

	September 30,		December 31,
	2016		2015
Atlanta	$	239,202	$	185,331
Central Texas		118,665		117,037
Colorado		317,495		313,653
Houston		29,151		51,534
Nevada		250,408		220,209
Utah		10,635		—
Corporate		35,815		29,977
Total assets	$	1,001,371	$	917,741

Corporate assets include certain cash and cash equivalents, prepaid insurance, deferred financing costs, and certain property and equipment.