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Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
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

 
(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.