| Schedule of Segment Reporting Information, by Segment |
The following table summarizes total revenue and income before income tax expense by segment:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
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2020 |
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(dollars in thousands) |
| Revenue |
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| Arizona |
$ |
65,502 |
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$ |
88,031 |
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$ |
202,750 |
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$ |
194,383 |
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| California |
110,046 |
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130,486 |
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346,680 |
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|
255,487 |
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| Florida |
31,161 |
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— |
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59,519 |
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— |
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Metro New York (1)
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— |
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— |
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— |
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— |
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| Texas |
7,420 |
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— |
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15,873 |
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— |
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| Total revenue |
$ |
214,129 |
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$ |
218,517 |
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$ |
624,822 |
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$ |
449,870 |
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| Pretax income (loss) |
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| Arizona |
$ |
5,103 |
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$ |
3,281 |
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$ |
10,371 |
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$ |
1,141 |
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| California |
7,965 |
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5,933 |
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22,706 |
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(1,364) |
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| Florida |
147 |
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— |
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1,032 |
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— |
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Metro New York (1)
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(622) |
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(1,574) |
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(1,592) |
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(18,837) |
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| Texas |
(209) |
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— |
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186 |
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— |
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| Corporate |
1,375 |
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(3,473) |
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(15,197) |
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(7,420) |
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| Total pretax income (loss) |
$ |
13,759 |
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$ |
4,167 |
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$ |
17,506 |
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$ |
(26,480) |
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(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 $0.2 million and $0.8 million for the three and nine months ended September 30, 2021, respectively, and losses of $0.6 million and $16.2 million for the three and nine months ended September 30, 2020, respectively.
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| Reconciliation of Assets from Segment to Consolidated |
The following table summarizes total assets by segment:
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September 30, 2021 |
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December 31, 2020 |
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(dollars in thousands) |
| Assets |
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| Arizona |
$ |
324,319 |
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$ |
268,141 |
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| California |
450,855 |
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409,705 |
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| Florida |
91,215 |
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— |
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| Metro New York |
127,375 |
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120,168 |
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| Texas |
18,718 |
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— |
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| Corporate |
60,629 |
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|
97,750 |
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| Total assets |
$ |
1,073,111 |
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$ |
895,764 |
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