Reporting Segments

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Reporting Segments [Abstract]

Reporting Segments

3. Reporting Segments

We have identified our Colorado, Central Texas, Houston, Texas, and Nevada divisions as reportable segments. Our Corporate operations are a nonoperating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments.

The following tables summarize home sales, golf and other revenues and income before tax expense by segment (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Home sales, golf and other revenues
Colorado	$	40,291	$	37,963	$	124,490	$	103,971
Central Texas		16,460		3,531		42,746		3,531
Houston		7,365		—		7,365		—
Nevada		27,845		—		46,883		—
Total	$	91,961	$	41,494	$	221,484	$	107,502
Income before tax expense
Colorado	$	5,620	$	6,217	$	19,856	$	18,383
Central Texas		2,172		232		4,287		232
Houston		(87)		—		(87)		—
Nevada		2,731		—		5,412		—
Corporate		(3,739)		(2,665)		(9,525)		(5,277)
Total	$	6,697	$	3,784	$	19,943	$	13,338

The following table summarizes total assets by segment (in thousands):

	September 30,		December 31,
	2014		2013
Colorado	$	251,733	$	167,948
Central Texas		74,055		27,386
Houston		25,540		—
Nevada		176,982		—
Corporate		110,283		117,305
Total	$	638,593	$	312,639

Corporate assets include certain cash and cash equivalents, prepaid insurance, deferred financing costs and certain property and equipment.

2. Reporting Segments

We have identified our Colorado and Texas divisions as reportable segments.  Our Corporate operations are a nonoperating segment, as it serves to support our Colorado and Texas divisions through functions such as our executive, finance, treasury, human resources, and accounting departments.  In addition, our Corporate operations include certain assets and income produced from residential rental property in Colorado.

The following tables summarize home sales revenues and pretax income by segment (in thousands):

	Year Ended December 31,
	2013		2012
Colorado	$	149,997	$	96,030
Texas		21,136		—
Total home sales revenue	$	171,133	$	96,030
Colorado	$	26,117	$	11,045
Texas		299		—
Corporate		(8,343)		(3,606)
Total income before taxes	$	18,073	$	7,439

The following table summarizes total assets by segment (in thousands):

	As of December 31,
	2013		2012
Colorado	$	167,948	$	80,878
Texas		27,386		—
Corporate		117,305		9,795
Total assets	$	312,639	$	90,673

Corporate assets include cash and cash equivalents, cash held in trust, prepaid insurance, and certain property and equipment.