Reporting Segments

6 Months Ended

Jun. 30, 2016

Reporting Segments [Abstract]

Reporting Segments

2. Reporting Segments

Our homebuilding operations are organized into the following six operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah.  Our Corporate operations are 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.  Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes.

The following table summarizes total revenue and income before income tax expense by operating segment (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Revenue:
Atlanta	$	90,467	$	70,260	$	154,989	$	126,900
Central Texas		23,925		16,537		53,049		33,573
Colorado		98,024		75,309		166,870		131,128
Houston		15,619		7,085		23,094		17,490
Nevada		31,607		19,863		45,736		36,401
Utah		—		—		—		—
Corporate		—		—		—		—
Total revenue	$	259,642	$	189,054	$	443,738	$	345,492
Income before income tax expense:
Atlanta	$	8,729	$	6,591	$	13,979	$	9,804
Central Texas		1,936		1,089		4,112		3,250
Colorado		12,946		9,624		23,789		17,519
Houston		(892)		(239)		(1,686)		(654)
Nevada		3,740		2,953		4,607		4,770
Utah		(157)		—		(157)		—
Corporate		(7,205)		(5,587)		(13,118)		(10,734)
Total income before income tax expense	$	19,097	$	14,431	$	31,526	$	23,955

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

	June 30,		December 31,
	2016		2015
Atlanta	$	229,777	$	185,331
Central Texas		122,512		117,037
Colorado		313,197		313,653
Houston		34,812		51,534
Nevada		243,186		220,209
Utah		5,165		—
Corporate		22,463		29,977
Total assets	$	971,112	$	917,741

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