XML 68 R12.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Notes Receivable | 12 Months Ended
--- | ---
Dec. 31, 2014
Receivables [Abstract] |
Notes Receivable | NOTES RECEIVABLE Notes receivable represents amounts due from third parties involved in development and home building activities. Notes receivables are secured by collateral property and guaranteed by individual third parties. There were no notes receivable due from third parties as of December 31, 2014, as they were paid in full during the year ended December 31, 2014. Notes receivable as of December 31, 2013 were noted as follows (in thousands):
Borrower |  | Principal & Interest due at 12/31/2013 |  | Interest Rate |  | Maturity Date
Rivendell UM, LLC |  | $ | 5,256 |  |  | 17.9% | (1) |  | November 23, 2014 |
Major Road Developers, LLC(2) |  | 2,200 |  |  | —% | (3) |  | Various(4) |
Other(5) |  | 100 |  |  | 5% |  |  | July 10, 2015 |
Total notes receivable |  | $ | 7,556 |  |  |  |  |  |  |
(1) | Interest rate increased from 15% to 17.9% upon renewal on November 23, 2013.
(2) | The owners of the borrower individually guaranteed the completion and associated costs of the homes collateralizing the note.
(3) | The 0% interest rate entitled the Company to first lien over other potential lenders.
(4) | Maturity dates were upon closing of underlying lots collateralizing this note.
(5) | Balance at December 31, 2013 related primarily to Willowcrest
At December 31, 2013, notes receivable were concentrated by geographic area in Colorado, Georgia and Texas.
Location |  | December 31, 2013 |
Colorado |  | 70 | %
Georgia |  | 29 | %
Texas |  | 1 | %

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5066-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5162-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration