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Variable Interest Entities and Consolidated Real Estate Not Owned (Tables) | 6 Months Ended
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Jun. 30, 2015
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract] |
Land under contracts and real estate not owned | The table below presents a summary of our lots under option at June 30, 2015 (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 |  | — |  |  | $ | — |  |  | $ | — |  |  |
Option contracts not recorded on balance sheet — non-refundable deposits, committed (1) |  | 6,706 |  |  | 537,038 |  |  | 73,925 |  |  |
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed (1) |  | 2,516 |  |  | 125,952 |  |  | 13,321 |  |  |
Purchase contracts not recorded on balance sheet —refundable deposits, committed |  | 907 |  |  | 31,835 |  |  | 748 |  |  |
Total committed (on and off balance sheet) |  | 10,129 |  |  | 694,825 |  |  | 87,994 |  |  |
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted (2) |  | 5,576 |  |  | 281,864 |  |  | 4,091 |  |  |
Total lots under contract or option |  | 15,705 |  |  | $ | 976,689 |  |  | $ | 92,085 |  |  |
Total purchase and option contracts not recorded on balance sheet (3) |  | 15,705 |  |  | $ | 976,689 |  |  | $ | 92,085 |  |  | (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 June 30, 2015.

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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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- Definition Variable interest entities and consolidated real estate not owned. + References No definition available. + Details
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