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Reporting Segments
6 Months Ended
Jun. 30, 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 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 eleven 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 segment is 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): 

Three Months Ended June 30,

Six Months Ended June 30,

2019

2018

2019

2018

Revenue:

West

$

135,226

$

129,218

$

247,346

$

248,139

Mountain

179,410

180,523

339,076

326,016

Texas

61,522

63,545

112,008

101,573

Southeast

124,814

125,346

237,626

219,195

Wade Jurney Homes

109,063

25,246

198,636

25,246

Financial Services

9,915

8,014

18,315

13,571

Corporate

Total revenue

$

619,950

$

531,892

$

1,153,007

$

933,740

Income (loss) before income tax expense:

West

$

9,973

$

12,022

$

18,621

$

21,890

Mountain

22,526

25,319

41,834

43,242

Texas

5,587

4,972

9,336

6,780

Southeast

4,649

9,149

10,388

13,830

Wade Jurney Homes

8,318

(186)

12,291

(186)

Financial Services

2,168

2,629

3,739

3,790

Corporate

(32,391)

(7,403)

(52,382)

(19,737)

Total income before income tax expense

$

20,830

$

46,502

$

43,827

$

69,609

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

June 30,

December 31,

2019

2018

West

$

570,149

$

502,381

Mountain

644,291

621,757

Texas

225,283

209,550

Southeast

446,148

448,681

Wade Jurney

269,115

204,925

Financial Services

160,709

146,710

Corporate

94,678

120,251

Total assets

$

2,410,373

$

2,254,255

Corporate assets primarily include certain cash and cash equivalents, certain property and equipment, prepaid insurance, and deferred financing costs on our revolving line of credit.