Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2019

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 (in thousands):

	Three Months Ended March 31, 2019				Three Months Ended March 31, 2018
	Builder Operations		Land Development		Builder Operations		Land Development
Primary Geographical Market
Central	$	84,425	$	7,030	$	72,446	$	3,999
Southeast	77,163		10		48,818		3,900
Total revenues	$	161,588	$	7,040	$	121,264	$	7,899
Type of Customer
Homebuyers	$	161,588	$	—	$	121,264	$	—
Homebuilders	—		7,040		—		7,899
Total revenues	$	161,588	$	7,040	$	121,264	$	7,899
Product Type
Residential units	$	161,588	$	—	$	121,264	$	—
Land and lots	—		7,040		—		7,899
Total revenues	$	161,588	$	7,040	$	121,264	$	7,899
Timing of Revenue Recognition
Transferred at a point in time	$	159,233	$	7,040	$	120,366	$	7,899
Transferred over time	2,355		—		898		—
Total revenues	$	161,588	$	7,040	$	121,264	$	7,899

Opening and Closing Contract Balances Included in Customer and Builder Deposits on Balance Sheet and Deposits Recognized as Revenue

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 months ended March 31, 2019 and 2018 are as follows (in thousands):

	Three Months Ended March 31,
	2019		2018
Type of Customer
Homebuyers	$	6,604	$	3,201
Homebuilders	825		231
Total deposits recognized as revenue	$	7,429	$	3,432

Opening and closing contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands):

	March 31, 2019		December 31, 2018
Customer and builder deposits	$	30,335	$	31,978

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 2019	$	42,724
2020	33,936
2021	15,476
Total	$	92,136