XML 58 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Total Risk Related to Lot Options

NVR’s total risk of loss related to contract land deposits as of March 31, 2014 and December 31, 2013, was as follows:

 

     March 31, 2014     December 31, 2013  

Contract land deposits

   $ 303,933      $ 296,646   

Loss reserve on contract land deposits

     (57,729     (59,761
  

 

 

   

 

 

 

Contract land deposits, net

     246,204        236,885   

Contingent obligations in the form of letters of credit

     2,429        2,459   

Contingent specific performance obligations (1)

     1,505        1,707   
  

 

 

   

 

 

 

Total risk of loss

   $ 250,138      $ 241,051   
  

 

 

   

 

 

 

 

(1) At March 31, 2014 and December 31, 2013, the Company was committed to purchase 10 and 13 finished lots under specific performance obligations, respectively.