| Schedule of Segment Reporting Information, by Segment |
The following tables summarize information by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2024 |
|
Arizona |
|
California |
|
Colorado |
|
Florida |
|
Metro New York |
|
Texas |
|
Total Reportable Segments |
|
Corporate |
|
Consolidated Total |
|
(dollars in thousands) |
| Revenue |
$ |
403,550 |
|
|
$ |
456,585 |
|
|
$ |
54,256 |
|
|
$ |
462,555 |
|
|
$ |
4,475 |
|
|
$ |
168,916 |
|
|
$ |
1,550,337 |
|
|
$ |
— |
|
|
$ |
1,550,337 |
|
| Cost of sales |
336,758 |
|
|
385,963 |
|
|
47,465 |
|
|
397,308 |
|
|
4,861 |
|
|
150,190 |
|
|
1,322,545 |
|
|
— |
|
|
1,322,545 |
|
| Gross margin |
66,792 |
|
|
70,622 |
|
|
6,791 |
|
|
65,247 |
|
|
(386) |
|
|
18,726 |
|
|
227,792 |
|
|
— |
|
|
227,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing expenses |
36,779 |
|
|
16,976 |
|
|
3,604 |
|
|
27,105 |
|
|
558 |
|
|
13,167 |
|
|
98,189 |
|
|
— |
|
|
98,189 |
|
| General and administrative expenses |
15,105 |
|
|
21,658 |
|
|
5,465 |
|
|
20,534 |
|
|
1,998 |
|
|
15,222 |
|
|
79,982 |
|
|
22,162 |
|
|
102,144 |
|
| Other income (expense), net |
778 |
|
|
(1,374) |
|
|
28 |
|
|
492 |
|
|
206 |
|
|
(37) |
|
|
93 |
|
|
(877) |
|
|
(784) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pretax income (loss) |
$ |
15,686 |
|
|
$ |
30,614 |
|
|
$ |
(2,250) |
|
|
$ |
18,100 |
|
|
$ |
(2,736) |
|
|
$ |
(9,700) |
|
|
$ |
49,714 |
|
|
$ |
(23,039) |
|
|
$ |
26,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, 2023 |
|
Arizona |
|
California |
|
Colorado |
|
Florida |
|
Metro New York |
|
Texas |
|
Total Reportable Segments |
|
Corporate |
|
Consolidated Total |
|
(dollars in thousands) |
| Revenue |
$ |
288,552 |
|
|
$ |
439,939 |
|
|
$ |
7,410 |
|
|
$ |
468,210 |
|
|
$ |
1,649 |
|
|
$ |
4,187 |
|
|
$ |
1,209,947 |
|
|
$ |
— |
|
|
$ |
1,209,947 |
|
| Cost of sales |
237,553 |
|
|
364,190 |
|
|
6,634 |
|
|
381,021 |
|
|
1,673 |
|
|
3,902 |
|
|
994,973 |
|
|
— |
|
|
994,973 |
|
| Gross margin |
50,999 |
|
|
75,749 |
|
|
776 |
|
|
87,189 |
|
|
(24) |
|
|
285 |
|
|
214,974 |
|
|
— |
|
|
214,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing expenses |
27,328 |
|
|
19,576 |
|
|
284 |
|
|
25,054 |
|
|
537 |
|
|
469 |
|
|
73,248 |
|
|
— |
|
|
73,248 |
|
| General and administrative expenses |
18,283 |
|
|
27,027 |
|
|
1,930 |
|
|
25,266 |
|
|
2,269 |
|
|
5,613 |
|
|
80,388 |
|
|
21,054 |
|
|
101,442 |
|
| Other income (expense), net |
709 |
|
|
416 |
|
|
34 |
|
|
752 |
|
|
40 |
|
|
(193) |
|
|
1,758 |
|
|
2,503 |
|
|
4,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pretax income (loss) |
$ |
6,097 |
|
|
$ |
29,562 |
|
|
$ |
(1,404) |
|
|
$ |
37,621 |
|
|
$ |
(2,790) |
|
|
$ |
(5,990) |
|
|
$ |
63,096 |
|
|
$ |
(18,551) |
|
|
$ |
44,545 |
|
|
| Reconciliation of Assets from Segment to Consolidated |
The following table summarizes total assets by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2024 |
|
2023 |
|
(dollars in thousands) |
| Assets |
|
|
|
| Arizona |
$ |
305,952 |
|
|
$ |
336,424 |
|
| California |
436,854 |
|
|
479,218 |
|
| Colorado |
39,374 |
|
|
27,240 |
|
| Florida |
414,790 |
|
|
425,154 |
|
| Metro New York |
38,082 |
|
|
42,047 |
|
| Texas |
378,569 |
|
|
60,255 |
|
| Total reportable segment assets |
1,613,621 |
|
|
1,370,338 |
|
| Corporate |
87,716 |
|
|
100,894 |
|
| Total assets |
$ |
1,701,337 |
|
|
$ |
1,471,232 |
|
|