Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.22.0.1
Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2021
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,
2021 2020 2019
(dollars in thousands)
Revenue
Arizona $ 340,767  $ 320,691  $ 40,024 
California 557,182  413,917  590,964 
Florida 93,632  —  — 
Metro New York(1)
—  —  — 
Texas $ 31,723  $ —  $ — 
Total $ 1,023,304  $ 734,608  $ 630,988 
Pretax income (loss)
Arizona $ 25,681  $ 9,325  $ (3,927)
California 61,073  10,131  53,019 
Florida (492) —  — 
Metro New York(1)
(2,154) (19,764) (13,225)
Texas (439) —  — 
Corporate (16,939) (11,857) (7,317)
Total $ 66,730  $ (12,165) $ 28,550 
(1)    The Metro New York reportable segment does not currently generate any revenue. Included in pretax income (loss) is $1.3 million of income, $16.4 million loss, and $7.9 million loss from unconsolidated joint ventures for the years ended December 31, 2021, 2020 and 2019, respectively.
Reconciliation of Assets from Segment to Consolidated
The following table summarizes total assets by segment:
December 31,
2021 2020
(dollars in thousands)
Assets
Arizona $ 360,598  $ 268,141 
California 400,292  409,705 
Florida 102,158  — 
Metro New York 124,962  120,168 
Texas 35,984  — 
Corporate 241,520  97,750 
Total $ 1,265,514  $ 895,764