Schedule of Segment Reporting Information |
Financial information relating to the Company’s reportable segments is as follows. 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. | | | | | | | | | | Three Months Ended March 31, | (in thousands) | 2018 | | 2017 | Revenues:(1) | | | | Builder operations | | | | Texas | $ | 71,548 |
| | $ | 50,670 |
| Georgia | 52,718 |
| | 42,727 |
| Land development | 3,999 |
| | 5,940 |
| Corporate and other(2) | — |
| | — |
| Total revenues | $ | 128,265 |
| | $ | 99,337 |
| | | | | Gross profit:(1) | | | | Builder operations | | | | Texas | $ | 17,017 |
| | $ | 12,310 |
| Georgia | 11,864 |
| | 9,348 |
| Land development | 1,285 |
| | 1,828 |
| Corporate and other(2) | (3,036 | ) | | (2,200 | ) | Total gross profit | $ | 27,130 |
| | $ | 21,286 |
| | | | | Income (loss) before taxes: | |
| | |
| Builder operations | | | | Texas | $ | 11,100 |
| | $ | 8,375 |
| Georgia | 7,978 |
| | 6,102 |
| Land development | 1,019 |
| | 1,505 |
| Corporate and other(2)(3) | (3,486 | ) | | (3,867 | ) | Total income (loss) before taxes | $ | 16,611 |
| | $ | 12,115 |
| | | | | | March 31, 2018 | | December 31, 2017 | Inventory: | | | | Builder operations | | | | Texas | $ | 113,320 |
| | $ | 110,872 |
| Georgia | 101,996 |
| | 99,613 |
| Land development | 299,761 |
| | 272,542 |
| Corporate and other(2)(4) | 13,422 |
| | 12,628 |
| Total inventory | $ | 528,499 |
| | $ | 495,655 |
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| | (1) | Builder operations segment revenue does not equal revenue from the sale of residential units included in the consolidated statements of income in periods when our controlled builders have sales of land or lots, which for the three months ended March 31, 2018 and 2017 were $3.9 million and $0.0 million, respectively. Revenue from such sales is included in builder operations segment revenue as it relates to builder operations, and included in revenue from sale of land and lots in the condensed consolidated statements of income. |
| | (2) | Corporate and other is comprised principally of general corporate expenses associated with administrative functions such as finance, treasury, information technology and human resources. |
| | (3) | Corporate and other income (loss) before taxes includes results from Green Brick Title and Challenger Subsidiary. |
| | (4) | Corporate and other inventory consists of capitalized overhead and interest related to work in process and land under development. |
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