Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies

Summary of rent expense, which primarily relates to facilities, model homes, furniture and equipment

		YEAR ENDED DECEMBER 31,
(in thousands)			2014			2013			2012
Total rent expense1		$	7,333		$	6,553		$	5,933
Less: income from subleases			(305	)		(323	)		(385	)
Net rent expense		$	7,028		$	6,230		$	5,548
1	Excludes rent expense associated with the Company's discontinued operations, which totaled $556,000 for the year ended December 31, 2012.

Schedule of future minimum rental commitments under noncancellable leases with remaining terms in excess of one year

(in thousands)
2015	$	5,270
2016		4,276
2017		3,126
2018		2,062
2019		1,318
Thereafter		892
Less: income from subleases		(198	)
Total lease commitments	$	16,746

Summary of composition of mortgage loans originated, by loan type; credit score; and loan-to-value ratio

	YEAR ENDED DECEMBER 31,
		2014		2013		2012		2011		2010		2009
Prime		67.6	%	57.2	%	48.6	%	42.2	%	34.9	%	32.9	%
Government (FHA/VA/USDA)		32.4		42.8		51.4		57.8		65.1		67.1
Total		100.0	%	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%
Average FICO credit score (unaudited)		732		733		731		726		723		717
Average combined loan-to-value ratio (unaudited)		87.8	%	89.8	%	90.1	%	90.3	%	90.8	%	91.4	%

Changes in mortgage loan loss reserves and related legal reserves

(in thousands)		2014			2013			2012
Balance at January 1	$	11,472		$	10,484		$	10,141
Provision for losses		5,634			1,580			1,156
Settlements made		(15,709	)		(592	)		(813	)
Balance at December 31	$	1,397		$	11,472		$	10,484

Changes in product liability reserves

(in thousands)		2014			2013			2012
Balance at January 1	$	23,139		$	18,188		$	20,648
Warranties issued		11,583			9,052			3,899
Changes in liability for accruals related to pre-existing warranties		1,299			1,891			1,866
Settlements made		(10,465	)		(5,992	)		(8,225	)
Balance at December 31	$	25,556		$	23,139		$	18,188

Changes in RHIC's insurance reserves

(in thousands)		2014			2013			2012
Balance at January 1	$	13,857		$	14,813		$	18,209
Insurance expense provisions or adjustments		3,200			1,445			(1,369	)
Loss expenses paid		(4,536	)		(2,401	)		(2,027	)
Balance at December 31	$	12,521		$	13,857		$	14,813