| Schedule of Segment Reporting Information, by Segment |
The following table summarizes total revenue and income before income tax expense by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
(dollars in thousands) |
| Revenue |
|
|
|
|
|
|
|
| Arizona |
$ |
71,922 |
|
|
$ |
53,298 |
|
|
$ |
137,248 |
|
|
$ |
106,352 |
|
| California |
141,541 |
|
|
41,760 |
|
|
236,634 |
|
|
125,001 |
|
| Florida |
28,358 |
|
|
— |
|
|
28,358 |
|
|
— |
|
Metro New York (1)
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Texas |
8,453 |
|
|
— |
|
|
8,453 |
|
|
— |
|
| Total revenue |
$ |
250,274 |
|
|
$ |
95,058 |
|
|
$ |
410,693 |
|
|
$ |
231,353 |
|
| |
|
|
|
|
|
|
|
| Pretax income (loss) |
|
|
|
|
|
|
|
| Arizona |
$ |
3,835 |
|
|
$ |
(1,168) |
|
|
$ |
5,268 |
|
|
$ |
(2,140) |
|
| California |
14,900 |
|
|
(8,789) |
|
|
14,741 |
|
|
(7,297) |
|
| Florida |
885 |
|
|
— |
|
|
885 |
|
|
— |
|
Metro New York (1)
|
(139) |
|
|
(14,467) |
|
|
(970) |
|
|
(17,263) |
|
| Texas |
395 |
|
|
— |
|
|
395 |
|
|
— |
|
| Corporate |
(4,978) |
|
|
(2,364) |
|
|
(16,572) |
|
|
(3,947) |
|
| Total pretax income (loss) |
$ |
14,898 |
|
|
$ |
(26,788) |
|
|
$ |
3,747 |
|
|
$ |
(30,647) |
|
(1) The Metro New York reportable segment does not currently generate any revenue. Included in income (loss) before income tax expense is income from unconsolidated joint ventures of $0.7 million and $0.6 million for the three and six months ended June 30, 2021, respectively, and losses of $13.9 million and $15.6 million for the three and six months ended June 30, 2020, respectively.
|
| Reconciliation of Assets from Segment to Consolidated |
The following table summarizes total assets by segment:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2021 |
|
December 31, 2020 |
|
(dollars in thousands) |
| Assets |
|
|
|
| Arizona |
$ |
308,146 |
|
|
$ |
268,141 |
|
| California |
451,051 |
|
|
409,705 |
|
| Florida |
95,371 |
|
|
— |
|
| Metro New York |
124,246 |
|
|
120,168 |
|
| Texas |
19,068 |
|
|
— |
|
| Corporate |
110,937 |
|
|
97,750 |
|
| Total assets |
$ |
1,108,819 |
|
|
$ |
895,764 |
|
|