Reporting Segments

3 Months Ended

Mar. 31, 2017

Reporting Segments [Abstract]

Reporting Segments

2. Reporting Segments

Our homebuilding operations are organized into the following seven operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Charlotte, Colorado, Houston, Nevada, and Utah.  We have also identified our Financial Services operations, which provide mortgage and title services to our homebuyers as an eighth reportable segment.  Our Corporate operations are a nonoperating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments.  Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes.  Our chief operating decision makers, the Co-CEO’s of our Company, primarily rely on total revenue and income before income tax expense to determine segment profitability.

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

	Three Months Ended March 31,
	2017		2016
Revenue:
Atlanta	$	75,390	$	64,522
Central Texas		26,728		29,124
Charlotte		—		—
Colorado		85,591		68,846
Houston		4,162		7,475
Nevada		34,501		14,129
Utah		1,944		—
Financial services		—		—
Corporate		—		—
Total revenue	$	228,316	$	184,096
Income (loss) before income tax expense:
Atlanta	$	5,916	$	5,250
Central Texas		2,698		2,176
Charlotte		(100)		—
Colorado		11,654		10,843
Houston		(867)		(794)
Nevada		3,702		867
Utah		(232)		—
Financial Services		(754)		—
Corporate		(9,966)		(5,913)
Total income before income tax expense	$	12,051	$	12,429

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

	March 31,		December 31,
	2017		2016
Atlanta	$	269,766	$	262,448
Central Texas		116,510		112,612
Charlotte		7,181		4,907
Colorado		288,369		293,467
Houston		32,970		25,780
Nevada		232,782		231,057
Utah		24,081		17,133
Financial Services		6,415		—
Corporate		47,952		60,124
Total assets	$	1,026,026	$	1,007,528

Corporate assets include certain cash and cash equivalents, our investment in unconsolidated subsidiaries, prepaid insurance, and deferred financing costs.