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Segment information (Tables)

3 Months Ended

Mar. 31, 2024

Segment information [Abstract]

Revenue, Net Income (Loss), Assets by Segments

The following tables summarize financial information by segment (in thousands):

		Three months ended March 31,
		2024				2023
Home closing revenue:
Alabama		$	39,655			$	24,067
Atlanta			62,620				76,174
Charlotte			13,464				12,502
Houston			24,030				—
Nashville			22,030				23,889
Raleigh			27,410				31,512
Total		$	189,209			$	168,144

		Three months ended March 31,
		2024				2023
Net income (loss):
Alabama		$	4,604			$	2,241
Atlanta			14,571				19,549
Charlotte			1,624				1,933
Houston			3,366				—
Nashville			2,313				3,231
Raleigh			4,810				7,231
Segment total			31,288				34,185
Corporate (1)			(10,802	)			(5,359	)
Total		$	20,486			$	28,826

⁽¹⁾ Corporate primarily includes corporate overhead costs, such as payroll and benefits, business insurance, information technology, office costs, outside professional services and travel costs, and certain other amounts that are not allocated to the reportable segments.

		March 31, 2024				December 31, 2023
Assets:
Alabama		$	55,714			$	61,433
Atlanta			102,512				86,647
Charlotte			32,458				32,302
Houston (1)			101,929				93,825
Nashville			23,045				24,818
Raleigh			34,308				28,897
Segment total			349,966				327,922
Corporate (2)			51,284				24,770
Total		$	401,250			$	352,692

⁽¹⁾ Balance includes goodwill of approximately $25.7 million resulting from the acquisition of Devon Street Homes, L.P.

⁽²⁾ Corporate primarily includes cash and cash equivalents, property and equipment, and other assets that are not allocated to the segments.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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