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Segment Information | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information related to the Company’s reportable segments is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenues: (1) |  |  |  |  |  |  |
Builder operations |  |  |  |  |  |  |
Central | $ | 293,640 |  |  | $ | 259,033 |  |  | $ | 960,258 |  |  | $ | 885,611 |
Southeast | 122,758 |  |  | 144,961 |  |  | 360,947 |  |  | 395,677 |
Total builder operations | 416,398 |  |  | 403,994 |  |  | 1,321,205 |  |  | 1,281,288 |
Land development | 2,580 |  |  | 3,950 |  |  | 6,123 |  |  | 45,416 |
Total revenues | $ | 418,978 |  |  | $ | 407,944 |  |  | $ | 1,327,328 |  |  | $ | 1,326,704 |
Gross profit: |  |  |  |  |  |  |
Builder operations |  |  |  |  |  |  |
Central | $ | 108,699 |  |  | $ | 94,122 |  |  | $ | 318,982 |  |  | $ | 311,694 |
Southeast | 40,931 |  |  | 47,493 |  |  | 120,128 |  |  | 116,543 |
Total builder operations | 149,630 |  |  | 141,615 |  |  | 439,110 |  |  | 428,237 |
Land development | 737 |  |  | 1,610 |  |  | 2,283 |  |  | 12,852 |
Corporate, other and unallocated (2) | (11,354) |  |  | (9,906) |  |  | (34,839) |  |  | (30,518) |
Total gross profit | $ | 139,013 |  |  | $ | 133,319 |  |  | $ | 406,554 |  |  | $ | 410,571 |
Income before income taxes: |  |  |  |  |  |  |
Builder operations |  |  |  |  |  |  |
Central | $ | 76,967 |  |  | $ | 67,698 |  |  | $ | 219,784 |  |  | $ | 230,174 |
Southeast | 27,204 |  |  | 34,042 |  |  | 81,969 |  |  | 79,720 |
Total builder operations | 104,171 |  |  | 101,740 |  |  | 301,753 |  |  | 309,894 |
Land development | 1,148 |  |  | 915 |  |  | 3,063 |  |  | 12,125 |
Corporate, other and unallocated (3) | (7,233) |  |  | (5,059) |  |  | (15,346) |  |  | (3,508) |
Income before income taxes | $ | 98,086 |  |  | $ | 97,596 |  |  | $ | 289,470 |  |  | $ | 318,511 |
| September 30, 2023 |  | December 31, 2022
Inventory: |  |  |
Builder operations |  |  |
Central | $ | 598,810 |  |  | $ | 515,981 |
Southeast | 318,177 |  |  | 293,787 |
Total builder operations | 916,987 |  |  | 809,768 |
Land development | 503,411 |  |  | 570,065 |
Corporate, other and unallocated (4) | 41,866 |  |  | 42,847 |
Total inventory | $ | 1,462,264 |  |  | $ | 1,422,680 |
Goodwill: |  |  |
Builder operations - Southeast | $ | 680 |  |  | $ | 680 |
(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the condensed consolidated statements of income in periods when our builders have revenues from land or lot closings. Land and lot closings revenue were $0.5 million for the three and nine months ended September 30, 2023. Land and lot closings revenues were $7.2 million and $7.4 million for the three and nine months ended September 30, 2022. (2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments. (3)Corporate, other and unallocated income (loss) before income taxes includes results from Green Brick Title, LLC, Ventana Insurance, LLC, and investments in unconsolidated subsidiaries, in addition to capitalized cost adjustments that are not allocated to operating segments. (4)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to homes under construction and land under development.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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