Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

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 September 30, 2018 and 2017 (in thousands):

	Three Months Ended September 30, 2018				Three Months Ended September 30, 2017
	Builder Operations		Land Development		Builder Operations		Land Development
Primary Geographic Market
Central	$	59,652	$	12,363	$	52,597	$	5,269
Southeast	77,747		230		55,840		—
Total revenues	$	137,399	$	12,593	$	108,437	$	5,269
Type of Customer
Homebuyers	$	137,399	$	—	$	108,437	$	—
Homebuilders	—		12,593		—		5,269
Total revenues	$	137,399	$	12,593	$	108,437	$	5,269
Product Type
Residential units	$	137,399	$	—	$	108,437	$	—
Land and lots	—		12,593		—		5,269
Total revenues	$	137,399	$	12,593	$	108,437	$	5,269
Timing of Revenue Recognition
Transferred at a point in time	$	137,399	$	12,593	$	108,437	$	5,269
Total revenues	$	137,399	$	12,593	$	108,437	$	5,269

The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition for the nine months ended September 30, 2018 and 2017 (in thousands):

	Nine Months Ended September 30, 2018				Nine Months Ended September 30, 2017
	Builder Operations		Land Development		Builder Operations		Land Development
Primary Geographic Market
Central	$	198,093	$	27,054	$	149,977	$	15,013
Southeast	203,550		4,570		152,202		802
Total revenues	$	401,643	$	31,624	$	302,179	$	15,815
Type of Customer
Homebuyers	$	401,643	$	—	$	302,179	$	—
Homebuilders	—		31,624		—		15,815
Total revenues	$	401,643	$	31,624	$	302,179	$	15,815
Product Type
Residential units	$	401,643	$	—	$	302,179	$	—
Land and lots	—		31,624		—		15,815
Total revenues	$	401,643	$	31,624	$	302,179	$	15,815
Timing of Revenue Recognition
Transferred at a point in time	$	401,643	$	31,624	$	302,179	$	15,815
Total revenues	$	401,643	$	31,624	$	302,179	$	15,815

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):

	September 30, 2018		December 31, 2017		September 30, 2017		December 31, 2016
Customer and builder deposits	$	33,814	$	21,447	$	22,756	$	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 nine months ended September 30, 2018 and 2017 are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Type of Customer
Homebuyers	$	6,007	$	3,650	$	13,036	$	6,659
Homebuilders	480		906		711		1,286
Total deposits recognized as revenue	$	6,487	$	4,556	$	13,747	$	7,945

Remaining Performance Obligation, Expected Timing of Satisfaction

he Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands):

	Total
Remainder of 2018	$	10,631
2019	51,949
2020	37,051
2021	16,227
2022	3,730
Total	$	119,588