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Reporting Segments
9 Months Ended
Sep. 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 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 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 September 30,

Nine Months Ended September 30,

2019

2018

2019

2018

Revenue:

West

$

116,874

$

105,949

$

364,220

$

354,087

Mountain

171,617

162,912

510,693

488,928

Texas

68,812

56,220

180,820

157,793

Southeast

118,610

141,458

356,236

360,653

Wade Jurney Homes

104,030

87,468

302,666

112,714

Financial Services

10,419

7,722

28,734

21,292

Corporate

Total revenue

$

590,362

$

561,729

$

1,743,369

$

1,495,467

Income (loss) before income tax expense:

West

$

9,013

$

7,478

$

27,634

$

29,494

Mountain

20,552

18,753

62,386

61,995

Texas

8,290

3,539

17,626

10,319

Southeast

7,079

10,401

17,467

24,106

Wade Jurney Homes

6,032

451

18,323

265

Financial Services

2,245

1,666

5,984

5,456

Corporate

(18,371)

(19,430)

(70,753)

(39,167)

Total income before income tax expense

$

34,840

$

22,858

$

78,667

$

92,468

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

September 30,

December 31,

2019

2018

West

$

625,085

$

502,381

Mountain

674,894

621,757

Texas

222,819

209,550

Southeast

455,289

448,681

Wade Jurney

287,923

204,925

Financial Services

144,682

146,710

Corporate

78,870

120,251

Total assets

$

2,489,562

$

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.