Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Reconciliation between U.S. Statutory Federal Income Tax Rate and Effective Income Tax Rate

A reconciliation between the U.S. statutory federal income tax rate and our effective income tax rate for the nine months ended September 30, 2014 and 2013 is provided in the following table:

	Nine Months Ended			Nine Months Ended
	September 30, 2014			September 30, 2013
U.S. statutory federal income tax rate		0.0	%		34.0	%
State taxes, net of U.S. federal income tax benefit		0.0	%		23.6	%
Other adjustments(1)		12.6	%		12.2	%
Effective tax rate		12.6	%		69.8	%

⁽¹⁾  Adjustments made to the 2014 income tax provision relate to taxes owed to the state of California, as a result of prior-year land transfers.