Reporting Segments

12 Months Ended

Dec. 31, 2020

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 Century Complete 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: entry-level, 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 Century Complete brand targets first time homebuyers, primarily sells homes through retail studios and the internet, and provides no option or upgrade selections. Our Century Complete 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 Century Communities geographic regions and Century Complete 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 (Arizona, Colorado, Nevada and Utah)

Texas

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

Century Complete (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,
	2020		2019		2018
Revenue:
West	$	683,138	$	534,613	$	459,254
Mountain		860,041		729,045		701,985
Texas		339,346		252,921		213,508
Southeast		672,790		548,661		530,891
Century Complete		502,569		427,409		210,051
Financial Services		103,308		43,262		31,724
Corporate		—		—		—
Total revenue	$	3,161,192	$	2,535,911	$	2,147,413
Income (loss) before income tax expense:
West	$	71,417	$	43,027	$	38,380
Mountain		114,722		89,201		89,048
Texas		34,694		25,866		13,682
Southeast		57,181		31,435		33,267
Century Complete		33,449		22,044		(754)
Financial Services		48,511		10,687		8,766
Corporate		(89,734)		(89,625)		(53,859)
Total income before income tax expense	$	270,240	$	132,635	$	128,530

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

	December 31,		December 31,
	2020		2019
West	$	536,907	$	610,248
Mountain		778,198		635,201
Texas		207,746		232,887
Southeast		329,930		441,818

Century Complete		218,604		244,827
Financial Services		421,153		254,282
Corporate		352,555		80,704
Total assets	$	2,845,093	$	2,499,967

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