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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
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 June 30,Six Months Ended June 30,
(in thousands)2020201920202019
Revenues: (1)
Builder operations
Central$152,235  $79,168  $275,660  $163,593  
Southeast77,056  95,886  144,818  173,059  
Total builder operations229,291  175,054  420,478  336,652  
Land development3,542  8,452  25,622  15,482  
Total revenues$232,833  $183,506  $446,100  $352,134  
Gross profit:
Builder operations
Central$39,229  $17,903  $69,945  $36,020  
Southeast20,433  24,855  38,587  44,142  
Total builder operations59,662  42,758  108,532  80,162  
Land development593  2,119  6,775  3,902  
Corporate, other and unallocated (2)
(6,360) (4,596) (12,443) (8,417) 
Total gross profit$53,895  $40,281  $102,864  $75,647  
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2020201920202019
Income before income taxes:
Builder operations
Central$25,137  $6,916  $37,005  $13,854  
Southeast12,259  14,962  21,063  24,114  
Total builder operations37,396  21,878  58,068  37,968  
Land development160  1,622  5,737  4,299  
Corporate, other and unallocated (3)
(1,371) (2,044) (4,864) (5,492) 
Income before income taxes$36,185  $21,456  $58,941  $36,775  

June 30, 2020December 31, 2019
Inventory:
Builder operations
Central$340,517  $251,677  
Southeast176,205  168,140  
Total builder operations516,722  419,817  
Land development207,517  308,071  
Corporate, other and unallocated (4)
26,882  25,679  
Total inventory$751,121  $753,567  
Goodwill: (5)
Builder operations - Southeast$680  $680  

(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the three and six months ended June 30, 2020 were $0.6 million and $0.6 million, respectively, compared to $0.0 million for the three and six months ended June 30, 2019.
(2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.
(3)Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, LLC and investments in unconsolidated subsidiaries.
(4)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.
(5)In connection with the GRBK GHO business combination, the Company recorded goodwill of $0.7 million.