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Investments in Unconsolidated Entities | 12 Months Ended
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Dec. 31, 2014
Equity Method Investments And Joint Ventures [Abstract] |
Investments in Unconsolidated Entities |
8. | Investments in Unconsolidated Entities
As of December 31, 2014, we held equity investments in six active real estate partnerships or limited liability companies. Our participation in these entities may be as a developer, a builder, or an investment partner. Our ownership percentage varies from 7% to 55%, depending on the investment, with no controlling interest held in any of these investments. Investments Held Our cumulative investment in entities accounted for on the equity method, including our share of earnings and losses, consisted of the following (in thousands):
|  | December 31, |
|  | 2014 |  |  | 2013 |
Limited partnerships and limited liability company interests |  | $ | 13,710 |  |  | $ | 18,454 |
General partnership interests |  |  | 3,095 |  |  |  | 2,469 |
Total |  | $ | 16,805 |  |  | $ | 20,923 |
Unconsolidated Financial Information Aggregated assets, liabilities and operating results of the entities we account for as equity-method investments are provided below. Because our ownership interest in these entities varies, a direct relationship does not exist between the information presented below and the amounts that are reflected on our consolidated balance sheets as our investment in unconsolidated entities or on our consolidated statement of operations as equity in (loss) income of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands):
|  | December 31, |
|  | 2014 |  |  | 2013 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 17,154 |  |  | $ | 10,459 |
Receivables |  |  | 9,550 |  |  |  | 9,443 |
Real estate inventories |  |  | 95,500 |  |  |  | 254,505 |
Other assets |  |  | 620 |  |  |  | 535 |
Total assets |  | $ | 122,824 |  |  | $ | 274,942 |
Liabilities and equity |  |  |  |  |  |  |  |
Accounts payable and other liabilities |  | $ | 10,914 |  |  | $ | 76,248 |
Company's equity |  |  | 16,805 |  |  |  | 20,923 |
Outside interests' equity |  |  | 95,105 |  |  |  | 177,771 |
Total liabilities and equity |  | $ | 122,824 |  |  | $ | 274,942 |
Results of operations from unconsolidated entities (in thousands):
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Net sales |  | $ | 606 |  |  | $ | 6,271 |  |  | $ | 15,855 |
Other operating income (expense) |  |  | (4,290 | ) |  |  | (7,521 | ) |  |  | (12,244 | )
Other income (expense) |  |  | (2 | ) |  |  | (18 | ) |  |  | (220 | )
Net income (loss) |  | $ | (3,686 | ) |  | $ | (1,268 | ) |  | $ | 3,391 |
Company's equity in (loss) income of unconsolidated entities |  | $ | (288 | ) |  | $ | 2 |  |  | $ | 2,490 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + 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 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32787-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=35687916&loc=d3e32847-111569 + Details
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