Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

The following table summarizes our information for reportable segments for the three months ended March 31, 2018 and 2017 (in thousands):


	Three Months Ended
	March 31,
	2018		2017
Operating income:
Florida
Revenues:
Homebuilding	$	58,103	$	70,487
Amenity and other		4,818		4,637
Land sales		2,045		1,469
Total revenues		64,966		76,593
Expenses:
Homebuilding cost of revenue		45,077		55,994
Homebuilding selling, general and administrative		9,102		9,298
Amenity and other		5,222		4,307
Land sales		231		196
Segment operating income	$	5,334	$	6,798

Carolinas
Revenues:
Homebuilding	$	53,904	$	46,845
Land sales		—		782
Total revenues		53,904		47,627
Expenses:
Homebuilding cost of revenue		48,163		40,133
Homebuilding selling, general and administrative		6,957		5,023
Land sales		—		786
Segment operating income (loss)	$	(1,216)	$	1,685

Arizona
Revenues:
Homebuilding	$	25,246	$	31,328
Total revenue		25,246		31,328
Expenses:
Homebuilding cost of revenue		21,134		26,738
Homebuilding selling, general and administrative		3,125		3,371
Amenity and other		22		23
Segment operating income	$	965	$	1,196

Texas
Revenues:
Homebuilding	$	7,892	$	—
Total revenue		7,892		—
Expenses:
Homebuilding cost of revenue		6,603		—
Homebuilding selling, general and administrative		1,587		—
Segment operating loss	$	(298)	$	—

Operating income	$	4,785	$	9,679

Unallocated income (expenses):
Interest income and other		269		5
Corporate general and administrative expenses		(4,744)		(4,679)
Interest expense		(3,391)		(837)
Income (loss) before income taxes		(3,081)		4,168
Income tax expense (benefit)		(738)		1,729
Net income (loss)	$	(2,343)	$	2,439