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Variable Interest Entities and Consolidated Real Estate Not Owned (Tables) | 6 Months Ended
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Jun. 30, 2014
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract] |
Summary of lots under option or contract | The table below presents a summary of our lots under option or contract at June 30, 2014 (dollars in thousands):
| Projected Number of Lots |  | Purchase Price |  | Option/Earnest Money Deposits Cash |
Purchase and option contracts recorded on balance sheet as Real estate not owned | 70 |  |  | $ | 4,999 |  |  | $ | 700 |  |
Option contracts not recorded on balance sheet - non-refundable deposits, committed (1) | 4,168 |  |  | 363,242 |  |  | 41,918 |  |
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed (1) | 2,224 |  |  | 128,122 |  |  | 13,997 |  |
Purchase contracts not recorded on balance sheet — refundable deposits, committed | 1,071 |  |  | 38,342 |  |  | 675 |  |
Total committed (on and off balance sheet) | 7,533 |  |  | 534,705 |  |  | 57,290 |  |
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted (2) | 3,455 |  |  | 136,509 |  |  | 2,291 |  |
Total lots under contract or option | 10,988 |  |  | $ | 671,214 |  |  | $ | 59,581 |  |
Total option contracts not recorded on balance sheet (3) | 10,918 |  |  | $ | 666,215 |  |  | $ | 58,881 |  | (4 | )
(1) | Deposits are generally non-refundable except if certain contractual conditions fail or certain contractual obligations 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 option 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 June 30, 2014.

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- Definition The tabular disclosure of the Company's real estate lots currently under option or contract with a third party including a detailed description of the number of lots, the purchase price and the amount of earnest money (if any)as of the balance sheet date. + References No definition available. + Details
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- Details
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