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Reporting Segments
12 Months Ended
Dec. 31, 2018
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 15 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 solely targets first time homebuyers, sells homes through retail studios and the internet, and provides no option or upgrade selections.  Our Wade Jurney Homes brand currently has operations in nine 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, North Carolina, Ohio, South Carolina, Tennessee, 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,



2018

 

2017

 

2016

Revenue:

 

 

 

 

 

 

 

 

West

$

459,254 

 

$

210,696 

 

 

 —

Mountain

 

701,985 

 

 

616,517 

 

 

504,293 

Texas

 

213,508 

 

 

165,170 

 

 

147,006 

Southeast

 

530,891 

 

 

421,563 

 

 

343,141 

Wade Jurney Homes

 

210,051 

 

 

 —

 

 

 —

Financial Services

 

31,724 

 

 

9,853 

 

 

 —

Corporate

 

 —

 

 

 —

 

 

 —

Total revenue

$

2,147,413 

 

$

1,423,799 

 

$

994,440 



 

 

 

 

 

 

 

 

Income (loss) before income tax expense:

 

 

 

 

 

 

 

 

West

$

38,380 

 

$

14,640 

 

 

 —

Mountain

 

89,048 

 

 

75,704 

 

 

66,613 

Texas

 

13,682 

 

 

10,952 

 

 

2,686 

Southeast

 

33,267 

 

 

29,662 

 

 

31,138 

Wade Jurney Homes

 

(754)

 

 

 —

 

 

 —

Financial Services

 

8,766 

 

 

1,225 

 

 

 —

Corporate

 

(53,859)

 

 

(48,019)

 

 

(27,288)

Total income before income tax expense

$

128,530 

 

$

84,164 

 

$

73,149 

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







 

 

 

 

 

 



 

 

 

 

 

 



 

December 31,

 

December 31,



 

2018

 

2017

West

 

$

502,381 

 

$

394,215 

Mountain

 

 

621,757 

 

 

571,880 

Texas

 

 

209,550 

 

 

192,078 

Southeast

 

 

448,681 

 

 

401,618 

Wade Jurney Homes

 

 

204,925 

 

 

 —

Financial Services

 

 

146,710 

 

 

63,137 

Corporate

 

 

120,251 

 

 

112,094 

Total assets

 

$

2,254,255 

 

$

1,735,022 

Corporate assets include certain cash and cash equivalents, receivables related to our rebates programs, prepaid insurance and other prepaid expenses, property and equipment, and deferred financing costs on our revolving line of credit. Certain items previously presented as of December 31, 2017 within corporate segment have been reclassified to our West segment to conform to our current year presentation.