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Reporting Segments
12 Months Ended
Dec. 31, 2019
Reporting Segments [Abstract]  
Reporting Segments 2. Reporting Segments

Our homebuilding operations are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in 17 states. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand is managed by geographic location, and each of our four geographic regions targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Each of our four geographic regions is considered a separate operating segment. Our Wade Jurney Homes brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Wade Jurney Homes brand currently has operations in 11 states and is managed separately from our four geographic regions. Accordingly, it is considered a separate operating segment.

The management of our four geographic regions and Wade Jurney Homes reports to our chief operating decision makers (which we refer to as “CODMs”), the Co-Chief Executive Officers of our Company. The CODMs review the results of our operations, including total revenue and income before income tax expense to determine profitability and to allocate resources. Accordingly, we have presented our homebuilding operations as the following five reportable segments:

West (California and Washington)

Mountain (Colorado, Nevada and Utah)

Texas

Southeast (Georgia, North Carolina, South Carolina and Tennessee)

Wade Jurney Homes (Alabama, Arizona, Florida, Georgia, Indiana, Iowa, Michigan, North Carolina, Ohio, South Carolina, and Texas)

We have also identified our Financial Services operations, which provide mortgage, title, and insurance services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as it serves to support our homebuilding, and to a lesser extent our financial services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments.  The following table summarizes total revenue and income before income tax expense by segment (in thousands):

Year ended December 31,

2019

2018

2017

Revenue:

West

$

534,613

$

459,254

210,696

Mountain

729,045

701,985

616,517

Texas

252,921

213,508

165,170

Southeast

548,661

530,891

421,563

Wade Jurney Homes

427,409

210,051

Financial Services

43,262

31,724

9,853

Corporate

Total revenue

$

2,535,911

$

2,147,413

$

1,423,799

Income (loss) before income tax expense:

West

$

43,027

$

38,380

14,640

Mountain

89,201

89,048

75,704

Texas

25,866

13,682

10,952

Southeast

31,435

33,267

29,662

Wade Jurney Homes

22,044

(754)

Financial Services

10,687

8,766

1,225

Corporate

(89,625)

(53,859)

(48,019)

Total income before income tax expense

$

132,635

$

128,530

$

84,164

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

December 31,

December 31,

2019

2018

West

$

610,248

$

502,381

Mountain

635,201

621,757

Texas

232,887

209,550

Southeast

441,818

448,681

Wade Jurney Homes

244,827

204,925

Financial Services

254,282

146,710

Corporate

80,704

120,251

Total assets

$

2,499,967

$

2,254,255

Corporate assets include certain cash and cash equivalents, receivables related to income taxes and our rebates programs, prepaid insurance and other prepaid expenses, property and equipment, and deferred financing costs on our revolving line of credit.