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Reporting Segments
3 Months Ended
Mar. 31, 2020
Reporting Segments [Abstract]  
Reporting Segments 2. Reporting Segments

Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. We build and sell homes under our Century Communities and Century Complete brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Century Complete brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Century Complete brand currently has operations in 11 states and is managed separately from our four geographic regions. Accordingly, it is considered a separate operating segment.

The management of our four geographic regions and Century Complete reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations as the following five reportable segments:

West (California and Washington)

Mountain (Colorado, Nevada and Utah)

Texas

Southeast (Georgia, North Carolina, South Carolina and Tennessee)

Century Complete (Alabama, Arizona, Florida, Georgia, Indiana, Iowa, Michigan, North Carolina, Ohio, South Carolina, and Texas)

We have also identified our Financial Services operations, which provide mortgage, title, and insurance services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as they serve to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total revenue and income before income tax expense by segment (in thousands): 


Three Months Ended March 31,

2020

2019

Revenue:

West

$

131,887

$

112,120

Mountain

171,152

159,666

Texas

60,164

50,486

Southeast

131,502

112,812

Century Complete

98,109

89,573

Financial Services

9,795

8,400

Corporate

Total revenue

$

602,609

$

533,057

Income (loss) before income tax expense:

West

$

15,341

$

8,648

Mountain

18,498

19,308

Texas

5,484

3,749

Southeast

8,308

5,739

Century Complete

780

3,973

Financial Services

209

1,590

Corporate

(14,532)

(20,010)

Total income before income tax expense

$

34,088

$

22,997

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

March 31,

December 31,

2020

2019

West

$

634,491

$

610,248

Mountain

707,925

635,201

Texas

233,247

232,887

Southeast

425,309

441,818

Century Complete

233,394

244,827

Financial Services

223,109

254,282

Corporate

452,963

80,704

Total assets

$

2,910,438

$

2,499,967

Corporate assets primarily include certain cash and cash equivalents, certain property and equipment, prepaid insurance, and deferred financing costs on our revolving line of credit.