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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
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)20222021
Revenues: (1)
Builder operations
Central$261,698 $158,386 
Southeast103,057 68,684 
Total builder operations364,755 227,070 
Land development28,861 7,409 
Total revenues$393,616 $234,479 
Gross profit:
Builder operations
Central$84,064 $43,889 
Southeast25,776 19,049 
Total builder operations109,840 62,938 
Land development7,414 1,780 
Corporate, other and unallocated (2)
(8,898)(5,729)
Total gross profit$108,356 $58,989 
Income before income taxes:
Builder operations
Central$59,485 $24,858 
Southeast15,494 10,163 
Total builder operations74,979 35,021 
Land development7,585 1,844 
Corporate, other and unallocated (3)
69 (1,603)
Income before income taxes$82,633 $35,262 
March 31, 2022December 31, 2021
Inventory:
Builder operations
Central$489,094 $460,796 
Southeast283,475 258,759 
Total builder operations772,569 719,555 
Land development517,892 449,654 
Corporate, other and unallocated (4)
37,048 34,534 
Total inventory$1,327,509 $1,203,743 
Goodwill:
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 months ended March 31, 2022 were $0.1 million, compared to $9.8 million for the three months ended March 31, 2021.
(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 income (loss) before income taxes includes results from Green Brick Title, LLC, C Brick Insurance, LLC, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments.
(4)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to work in process and land under development.