Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)

v3.3.1.900
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Dec. 31, 2015
USD ($)
lot
Projected Number of Lots (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned | lot 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed | lot 6,058 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed | lot 2,011 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed | lot 508
Total committed (on and off balance sheet) | lot 8,577
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted | lot 4,331 [2]
Total lots under contract or option | lot 12,908
Total option contracts not recorded on balance sheet | lot 12,908 [3]
Purchase Price (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned $ 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed 581,635 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 89,107 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 16,423
Total committed (on and off balance sheet) 687,165
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 240,093 [2]
Total lots under contract or option 927,258
Total option contracts not recorded on balance sheet 927,258 [3]
Option/ Earnest Money Deposits–Cash  
Purchase and option contracts recorded on balance sheet as Real estate not owned 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed 75,985 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 7,004 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 805
Total committed (on and off balance sheet) 83,794
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 4,045 [2]
Total lots under contract or option 87,839
Total option contracts not recorded on balance sheet $ 87,839 [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, 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 December 31, 2015.