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Investments in Unconsolidated Entities | 3 Months Ended
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Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Unconsolidated Entities | Investments in Unconsolidated Entities As of March 31, 2019, we held equity investments in four active homebuilding partnerships or limited liability companies and one financial services limited liability company. Our participation in these entities may be as a developer, a builder, or an investment partner. Our ownership percentage varies from 7% to 65%, depending on the investment, with no controlling interest held in any of these investments. 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 investments in unconsolidated entities or on our consolidated statements of operations as equity in income of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands):
| March 31, 2019 |  | December 31, 2018
Assets |  |  |
Cash | $ | 10,261 |  |  | $ | 13,337 |
Receivables | 3,358 |  |  | 4,674 |
Real estate inventories | 100,986 |  |  | 99,864 |
Other assets | 746 |  |  | 811 |
Total assets | $ | 115,351 |  |  | $ | 118,686 |
Liabilities and equity |  |  |
Accounts payable and other liabilities | $ | 6,930 |  |  | $ | 11,631 |
Company’s equity | 4,191 |  |  | 5,410 |
Outside interests’ equity | 104,230 |  |  | 101,645 |
Total liabilities and equity | $ | 115,351 |  |  | $ | 118,686 |
Results of operations from unconsolidated entities (in thousands):
| Three Months Ended March 31,
| 2019 |  | 2018
Net sales | $ | 4,111 |  |  | $ | 4,390 |
Other operating expense | (2,752 | ) |  | (3,287 | )
Other income | 8 |  |  | 63 |
Net income | $ | 1,367 |  |  | $ | 1,166 |
Company’s equity in income of unconsolidated entities | $ | 750 |  |  | $ | 534 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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