Reporting Segments

3 Months Ended

Mar. 31, 2015

Reporting Segments [Abstract]

Reporting Segments

2. Reporting Segments

We have identified our Atlanta, Central Texas, Colorado, Houston, and Nevada divisions as reportable operating segments.  Corporate is a non-operating segment, as it serves to support our homebuilding operations 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 total revenue and income before tax expense by operating segment (in thousands):

	Three Months Ended
	March 31,
	2015		2014
Revenue:
Atlanta	$	56,640	$	—
Central Texas		17,036		13,820
Colorado		55,819		35,851
Houston		10,405		—
Nevada		16,538		—
Total revenue	$	156,438	$	49,671
Income before tax expense:
Atlanta	$	3,213	$	—
Central Texas		2,161		1,237
Colorado		7,895		6,289
Houston		(415)		—
Nevada		1,817		—
Corporate		(5,147)		(2,330)
Total income before tax expense	$	9,524	$	5,196

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

	March 31,		December 31,
	2015		2014
Atlanta	$	86,991	$	75,434
Central Texas		96,383		85,083
Colorado		287,840		280,361
Houston		31,911		28,875
Nevada		184,282		168,401
Corporate		30,763		37,825
Total assets	$	718,170	$	675,979

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