Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.24.0.1
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2023
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,
2023 2022 2021
(dollars in thousands)
Revenue
Arizona $ 288,552  $ 317,160  $ 340,767 
California 439,939  503,832  557,182 
Colorado 7,410  —  — 
Florida 468,210  474,779  93,632 
Metro New York (1)
1,649  111,423  — 
Texas 4,187  39,255  31,723 
Total $ 1,209,947  $ 1,446,449  $ 1,023,304 
 
Pretax income (loss)
Arizona $ 6,097  $ 18,232  $ 25,681 
California 29,562  94,213  61,073 
Colorado (1,404) —  — 
Florida 37,621  20,798  (492)
Metro New York (1)
(2,790) (520) (2,154)
Texas (5,990) (158) (439)
Corporate (18,551) (31,500) (16,939)
Total $ 44,545  $ 101,065  $ 66,730 
(1)    The Metro New York reportable segment did not generate any revenue during the year ended December 31, 2021. Included in the segment’s pretax loss is $1.3 million of income from unconsolidated joint ventures for the year ended December 31, 2021.
Reconciliation of Assets from Segment to Consolidated
The following table summarizes total assets by segment:
December 31,
2023 2022
(dollars in thousands)
Assets
Arizona $ 336,424  $ 357,788 
California 479,218  513,549 
Colorado 27,240  — 
Florida 425,154  422,045 
Metro New York 42,047  45,277 
Texas 60,255  26,923 
Corporate 100,894  74,914 
Total $ 1,471,232  $ 1,440,496