Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies

Summary of activity that relates to capitalized interest

(in thousands)		2014			2013			2012
Capitalized interest at January 1	$	89,619		$	82,773		$	81,058
Interest capitalized		68,788			59,208			42,327
Interest amortized to cost of sales		(50,597	)		(52,362	)		(40,612	)
Capitalized interest at December 31	$	107,810		$	89,619		$	82,773
Interest incurred	$	69,802		$	68,184		$	59,503

Summary of each reporting segment's total number of lots owned and lots controlled under option agreements

	DECEMBER 31, 2014				DECEMBER 31, 2013
		LOTS OWNED	LOTS OPTIONED	TOTAL		LOTS OWNED	LOTS OPTIONED	TOTAL
North		7,396	6,335	13,731		6,382	7,455	13,837
Southeast		8,646	3,535	12,181		8,114	2,439	10,553
Texas		3,938	3,083	7,021		3,886	3,147	7,033
West		5,323	717	6,040		5,158	1,561	6,719
Total		25,303	13,670	38,973		23,540	14,602	38,142

Schedule of company's goodwill balance by segment

(in thousands)		2014		2013
North	$	13,555	$	13,749
Southeast		8,125		8,125
Texas		6,550		6,550
West		8,661		8,661
Total	$	36,891	$	37,085

Schedule of each reporting segment's total estimated share of lots owned by the entity under its joint ventures

	2014	2013
North	155	150
Texas	242	252
West	226	226
Total	623	628