Disaggregation of Revenue |
The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the three months ended June 30, 2018 and 2017 (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2018 | | Three Months Ended June 30, 2017 | | Builder Operations | | Land Development | | Builder Operations | | Land Development | Primary Geographic Market | | | | | | | | Texas | $ | 66,893 |
| | $ | 10,692 |
| | $ | 46,710 |
| | $ | 3,991 |
| Georgia | 66,116 |
| | 440 |
| | 53,635 |
| | 615 |
| Florida | 10,869 |
| | — |
| | — |
| | — |
| Total revenues | $ | 143,878 |
| | $ | 11,132 |
| | $ | 100,345 |
| | $ | 4,606 |
| | | | | | | | | Type of Customer | | | | | | | | Homebuyers | $ | 143,878 |
| | $ | — |
| | $ | 100,345 |
| | $ | — |
| Homebuilders | — |
| | 11,132 |
| | — |
| | 4,606 |
| Total revenues | $ | 143,878 |
| | $ | 11,132 |
| | $ | 100,345 |
| | $ | 4,606 |
| | | | | | | | | Product Type | | | | | | | | Residential units | $ | 143,878 |
| | $ | — |
| | $ | 100,345 |
| | $ | — |
| Land and lots | — |
| | 11,132 |
| | — |
| | 4,606 |
| Total revenues | $ | 143,878 |
| | $ | 11,132 |
| | $ | 100,345 |
| | $ | 4,606 |
| | | | | | | | | Timing of Revenue Recognition | | | | | | | | Transferred at a point in time | $ | 143,878 |
| | $ | 11,132 |
| | $ | 100,345 |
| | $ | 4,606 |
| Total revenues | $ | 143,878 |
| | $ | 11,132 |
| | $ | 100,345 |
| | $ | 4,606 |
|
The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the six months ended June 30, 2018 and 2017 (in thousands): | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2018 | | Six Months Ended June 30, 2017 | | Builder Operations | | Land Development | | Builder Operations | | Land Development | Primary Geographic Market | | | | | | | | Texas | $ | 138,441 |
| | $ | 14,691 |
| | $ | 97,380 |
| | $ | 9,744 |
| Georgia | 114,934 |
| | 4,340 |
| | 96,362 |
| | 802 |
| Florida | 10,869 |
| | — |
| | — |
| | — |
| Total revenues | $ | 264,244 |
| | $ | 19,031 |
| | $ | 193,742 |
| | $ | 10,546 |
| | | | | | | | | Type of Customer | | | | | | | | Homebuyers | $ | 264,244 |
| | $ | — |
| | $ | 193,742 |
| | $ | — |
| Homebuilders | — |
| | 19,031 |
| | — |
| | 10,546 |
| Total revenues | $ | 264,244 |
| | $ | 19,031 |
| | $ | 193,742 |
| | $ | 10,546 |
| | | | | | | | | Product Type | | | | | | | | Residential units | $ | 264,244 |
| | $ | — |
| | $ | 193,742 |
| | $ | — |
| Land and lots | — |
| | 19,031 |
| | — |
| | 10,546 |
| Total revenues | $ | 264,244 |
| | $ | 19,031 |
| | $ | 193,742 |
| | $ | 10,546 |
| | | | | | | | | Timing of Revenue Recognition | | | | | | | | Transferred at a point in time | $ | 264,244 |
| | $ | 19,031 |
| | $ | 193,742 |
| | $ | 10,546 |
| Total revenues | $ | 264,244 |
| | $ | 19,031 |
| | $ | 193,742 |
| | $ | 10,546 |
|
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Opening and Closing Contract Balances Included in Customer and Builder Deposits on Balance Sheet and Deposits Recognized as Revenue |
Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands): | | | | | | | | | | | | | | | | |
| June 30, 2018 | | December 31, 2017 | | June 30, 2017 | | December 31, 2016 | Customer and builder deposits | $ | 33,988 |
| | $ | 21,447 |
| | $ | 19,292 |
| | $ | 14,088 |
|
The amount of deposits on residential units and land and lots held as of the beginning of the period and recognized as revenue during the three and six months ended June 30, 2018 and 2017 are as follows (in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2018 | | 2017 | | 2018 | | 2017 | Type of Customer | | | | | | | | Homebuyers | $ | 5,423 |
| | $ | 1,841 |
| | $ | 7,016 |
| | $ | 3,110 |
| Homebuilders | 5 |
| | 80 |
| | 236 |
| | 380 |
| Total deposits recognized as revenue | $ | 5,428 |
| | $ | 1,921 |
| | $ | 7,252 |
| | $ | 3,490 |
|
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