Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.22.4
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes total revenue and pretax income (loss) by segment:
Year Ended December 31,
2022 2021 2020
(dollars in thousands)
Revenue
Arizona $ 317,160  $ 340,767  $ 320,691 
California 503,832  557,182  413,917 
Florida 474,779  93,632  — 
Metro New York (1)
111,423  —  — 
Texas 39,255  31,723  — 
Total $ 1,446,449  $ 1,023,304  $ 734,608 
Pretax income (loss)
Arizona $ 18,232  $ 25,681  $ 9,325 
California 94,213  61,073  10,131 
Florida 20,798  (492) — 
Metro New York (1)
(520) (2,154) (19,764)
Texas (158) (439) — 
Corporate (31,500) (16,939) (11,857)
Total $ 101,065  $ 66,730  $ (12,165)
(1)    The Metro New York reportable segment did not generate any revenue during the years ended December 31, 2021 and 2020. Included in pretax loss is $1.3 million of income and $16.4 million loss from unconsolidated joint ventures for the years ended December 31, 2021 and 2020, respectively.
Reconciliation of Assets from Segment to Consolidated
The following table summarizes total assets by segment:
December 31,
2022 2021
(dollars in thousands)
Assets
Arizona $ 357,788  $ 360,598 
California 513,549  400,292 
Florida 422,045  102,158 
Metro New York 45,277  124,962 
Texas 26,923  35,984 
Corporate 74,914  241,520 
Total $ 1,440,496  $ 1,265,514