Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities and Consolidated Real Estate Not Owned (Details)

v3.3.0.814
Variable Interest Entities and Consolidated Real Estate Not Owned (Details)
$ in Thousands
Sep. 30, 2015
USD ($)
lot
Projected Number of Lots  
Land under purchase contracts and options, recorded, number of lots | lot 0
Land under options, not recorded, non-refundable, committed, number of lots | lot 6,330 [1]
Land under purchase contracts, not recorded, non-refundable, committed, number of lots | lot 2,717 [1]
Land under purchase contracts, not recorded, refundable, committed, number of lots | lot 1,010
Land under purchase contracts and options, committed, number of lots | lot 10,057
Land under purchase contracts and options, not recorded, refundable, uncommitted, number of lots | lot 4,213 [2]
Land under purchase contracts and options, number of lots | lot 14,270
Land under options, not recorded, number of lots | lot 14,270 [3]
Purchase Price  
Land under purchase contracts and options, recorded $ 0
Land under options, not recorded, non-refundable, committed 563,413 [1]
Land under purchase contracts, not recorded, non-refundable, committed 137,876 [1]
Land under purchase contracts, not recorded, refundable, committed 34,607
Land under purchase contracts and options, committed 735,896
Land under purchase contracts and options, not recorded, refundable, uncommitted 223,364 [2]
Land under purchase contracts and options 959,260
Land under options, not recorded 959,260 [3]
Option/ Earnest Money Deposits–Cash  
Land under purchase contracts and options, recorded, cash deposits 0
Land under options, not recorded, non-refundable, committed, cash deposits 74,315 [1]
Land under purchase contracts, not recorded, non-refundable, committed, cash deposits 12,338 [1]
Land under purchase contracts, not recorded, refundable, committed, cash deposits 1,227
Land under purchase contracts and options, committed, cash deposits 87,880
Land under purchase contracts and options, not recorded, refundable, uncommitted, cash deposits 3,646 [2]
Land under purchase contracts and options, cash deposits 91,526
Land under options, not recorded, cash deposits $ 91,526 [3],[4]
[1] Deposits are non-refundable except if certain contractual conditions are not performed by the selling party.
[2] Deposits are refundable at our sole discretion. We have not completed our acquisition evaluation process and we have not internally committed to purchase these lots.
[3] Except for our specific performance contracts recorded on our balance sheet as Real estate not owned, if any, none of our option agreements require us to purchase lots.
[4] Amount is reflected in our consolidated balance sheet in the line item Deposits on real estate under option or contract as of September 30, 2015.