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Reporting Segments | 9 Months Ended
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Sep. 30, 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 time move up, and active adult 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 in markets which are traditionally underserved by new homebuilders, sells homes through retail studios, and provides no option or upgrade selections. Our Wade Jurney Homes brand currently has operations in eight states and is managed separately from our four geographic regions, accordingly, it is considered a separate operating segment. The management of each 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, Georgia, Indiana, North Carolina, Ohio, South Carolina, and Florida)
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 operations through functions, such as our executive, finance, treasury, human resources, and accounting departments. The following table summarizes total revenue and income before income tax expense by operating segment, where adjustments for purchase price accounting are included in the relative segment (in thousands): ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Three months ended September 30, |  | Nine months ended September 30,
﻿ | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Revenue: |  |  |  |  |  |  |  |  |  |  |
﻿West | $ | 105,949 |  | $ | 73,684 |  | $ | 354,087 |  | $ | 73,684
﻿Mountain |  | 162,912 |  |  | 157,224 |  |  | 488,928 |  |  | 443,526
﻿Texas |  | 56,220 |  |  | 36,757 |  |  | 157,793 |  |  | 111,997
﻿Southeast |  | 141,458 |  |  | 109,096 |  |  | 360,653 |  |  | 265,951
﻿Wade Jurney Homes |  | 87,468 |  |  | — |  |  | 112,714 |  |  | —
﻿Financial Services |  | 7,722 |  |  | 2,955 |  |  | 21,292 |  |  | 4,697
﻿Corporate |  | — |  |  | — |  |  | — |  |  | —
﻿Total revenue | $ | 561,729 |  | $ | 379,716 |  | $ | 1,495,467 |  | $ | 899,855
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿Income (loss) before income tax expense: |  |  |  |  |  |  |  |  |  |  |
﻿West | $ | 7,478 |  | $ | 5,259 |  | $ | 29,494 |  | $ | 5,259
﻿Mountain |  | 18,753 |  |  | 19,101 |  |  | 61,995 |  |  | 56,137
﻿Texas |  | 3,539 |  |  | 2,166 |  |  | 10,319 |  |  | 6,407
﻿Southeast |  | 10,401 |  |  | 6,001 |  |  | 24,106 |  |  | 16,609
﻿Wade Jurney Homes |  | 451 |  |  | — |  |  | 265 |  |  | —
﻿Financial Services |  | 1,666 |  |  | 505 |  |  | 5,456 |  |  | (192)
﻿Corporate |  | (19,430) |  |  | (17,876) |  |  | (39,167) |  |  | (33,904)
﻿Total income before income tax expense | $ | 22,858 |  | $ | 15,156 |  | $ | 92,468 |  | $ | 50,316
﻿ The following table summarizes total assets by operating segment (in thousands):
﻿ |  |  |  |  |  |
﻿ |  | September 30, |  | December 31,
﻿ |  | 2018 |  | 2017
﻿West |  | $ | 479,280 |  | $ | 394,215
﻿Mountain |  |  | 639,811 |  |  | 571,880
﻿Texas |  |  | 216,851 |  |  | 192,078
﻿Southeast |  |  | 468,144 |  |  | 401,618
﻿Wade Jurney Homes |  |  | 178,511 |  |  | —
﻿Financial Services |  |  | 89,238 |  |  | 63,137
﻿Corporate |  |  | 80,659 |  |  | 112,094
﻿Total assets |  | $ | 2,152,494 |  | $ | 1,735,022
Corporate assets primarily include certain cash and cash equivalents, certain property and equipment, our investment in unconsolidated subsidiaries, prepaid insurance, and deferred financing costs on our revolving line of credit.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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