Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

Segment Reporting
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is engaged in the development, design, construction, marketing and sale of single-family homes and condos in multiple states across the country. The Company is managed by geographic location and each of the three geographic regions targets a wide range of buyer profiles including: first time, move-up, and luxury homebuyers.

The management of the three geographic regions report to the Company's chief operating decision makers (“CODMs”), the Chief Executive Officer and Chief Operating Officer of the Company. The CODMs review the results of operations, including total revenue and income before income tax expense to assess profitability and to allocate resources. Accordingly, the Company has presented its operations as the following three reportable segments:

Metro New York
The Company has also identified Corporate operations as a non-operating segment, as it serves to support the homebuilding operations through functional departments such as executive, finance, treasury, human resources, accounting and legal. The majority of the corporate personnel and resources are primarily dedicated to activities relating to the homebuilding operations and are allocated based on each segment's respective percentage of assets, revenue and dedicated personnel. 

The following table summarizes total revenue and income before income tax expense by segment:
Three Months Ended March 31,
2021 2020
(dollars in thousands)
Arizona $ 65,326  $ 53,054 
California 95,093  83,241 
Metro New York (1)
—  — 
Total revenue $ 160,419  $ 136,295 
(Loss) income before income tax expense:
Arizona $ 1,433  $ (972)
California (159) 1,492 
Metro New York (1)
(831) (2,796)
Corporate (11,594) (1,583)
Total (loss) income before income tax expense $ (11,151) $ (3,859)
(1)     The Metro New York reportable segment does not currently have any active selling communities. Included in (loss) income before income tax expense is a $0.0 million loss and $1.7 million loss from unconsolidated joint ventures for the three months ended March 31, 2021 and 2020, respectively.
The following table summarizes total assets by segment:
March 31, 2021 December 31, 2020
(dollars in thousands)
Arizona $ 279,246  $ 268,141 
California 430,379  409,705 
Metro New York 125,178  120,168 
Corporate 152,736  97,750 
Total assets $ 987,539  $ 895,764 

As of March 31, 2021 and December 31, 2020, goodwill of $20.7 million and $20.7 million, respectively, was allocated to the Arizona segment and no other segment had goodwill.