Landsea Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Segment Reporting Information, by Segment

The following table summarizes total revenue and income before income tax expense by segment:


	Three Months Ended March 31,
		2021		2020
		(dollars in thousands)
Revenue
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.

Reconciliation of Assets from Segment to Consolidated

The following table summarizes total assets by segment:


	March 31, 2021		December 31, 2020
	(dollars in thousands)
Assets
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