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Revenue Recognition (Narrative) (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 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, 2019 and 2018 (in thousands):
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
 
Residential units revenue
 
Land and lots revenue
 
Residential units revenue
 
Land and lots revenue
Primary Geographical Market
 
 
 
 
 
 
 
Central
$
104,685


$
8,746


$
60,886


$
12,363

Southeast
95,233


740


78,573


230

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Type of Customer






 
Homebuyers
$
199,918


$
185


$
139,459


$
230

Homebuilders


9,301




12,363

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Product Type






 
Residential units
$
199,918


$


$
139,459


$

Land and lots


9,486




12,593

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Timing of Revenue Recognition






 
Transferred at a point in time
$
197,280


$
9,486


$
137,399


$
12,593

Transferred over time
2,638




2,060



Total revenues
$
199,918


$
9,486


$
139,459


$
12,593


Revenue recognized over time represents revenue from mechanic’s lien contracts.
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, 2019 and 2018 (in thousands):
 
Nine Months Ended September 30, 2019
 
Nine Months Ended September 30, 2018
 
Residential units revenue
 
Land and lots revenue
 
Residential units revenue
 
Land and lots revenue
Primary Geographical Market
 
 
 
 
 
 
 
Central
$
268,278


$
24,228


$
202,224


$
27,054

Southeast
268,282


750


204,679


4,570

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 
 
 
 
 
 
 
 
Type of Customer






 
Homebuyers
$
536,560


$
185


$
406,903


$
670

Homebuilders


24,793




30,954

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 





 
 
Product Type






 
Residential units
$
536,560


$


$
406,903


$

Land and lots


24,978




31,624

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 





 
 
Timing of Revenue Recognition






 
Transferred at a point in time
$
529,003


$
24,978


$
401,643


$
31,624

Transferred over time
7,557




5,260



Total revenues
$
536,560


$
24,978


$
406,903


$
31,624


   
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
$
10,824

2020
36,720

2021
16,859

Total
$
64,403


   
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 nine months ended September 30, 2019 and 2018 are as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019

2018
Type of Customer
 
 
 
 



Homebuyers
$
7,661

 
$
6,007

 
$
13,335


$
13,036

Homebuilders
981

 
480

 
2,663


711

Total deposits recognized as revenue
$
8,642

 
$
6,487

 
$
15,998


$
13,747


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

September 30, 2019
 
December 31, 2018
Customer and builder deposits
$
27,122

 
$
31,978


   
Revenue Recognition     REVENUE RECOGNITION

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, 2019 and 2018 (in thousands):
 
Three Months Ended September 30, 2019
 
Three Months Ended September 30, 2018
 
Residential units revenue
 
Land and lots revenue
 
Residential units revenue
 
Land and lots revenue
Primary Geographical Market
 
 
 
 
 
 
 
Central
$
104,685


$
8,746


$
60,886


$
12,363

Southeast
95,233


740


78,573


230

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Type of Customer






 
Homebuyers
$
199,918


$
185


$
139,459


$
230

Homebuilders


9,301




12,363

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Product Type






 
Residential units
$
199,918


$


$
139,459


$

Land and lots


9,486




12,593

Total revenues
$
199,918


$
9,486


$
139,459


$
12,593

 
 
 
 
 
 
 
 
Timing of Revenue Recognition






 
Transferred at a point in time
$
197,280


$
9,486


$
137,399


$
12,593

Transferred over time
2,638




2,060



Total revenues
$
199,918


$
9,486


$
139,459


$
12,593


Revenue recognized over time represents revenue from mechanic’s lien contracts.
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, 2019 and 2018 (in thousands):
 
Nine Months Ended September 30, 2019
 
Nine Months Ended September 30, 2018
 
Residential units revenue
 
Land and lots revenue
 
Residential units revenue
 
Land and lots revenue
Primary Geographical Market
 
 
 
 
 
 
 
Central
$
268,278


$
24,228


$
202,224


$
27,054

Southeast
268,282


750


204,679


4,570

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 
 
 
 
 
 
 
 
Type of Customer






 
Homebuyers
$
536,560


$
185


$
406,903


$
670

Homebuilders


24,793




30,954

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 





 
 
Product Type






 
Residential units
$
536,560


$


$
406,903


$

Land and lots


24,978




31,624

Total revenues
$
536,560


$
24,978


$
406,903


$
31,624

 





 
 
Timing of Revenue Recognition






 
Transferred at a point in time
$
529,003


$
24,978


$
401,643


$
31,624

Transferred over time
7,557




5,260



Total revenues
$
536,560


$
24,978


$
406,903


$
31,624


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

September 30, 2019
 
December 31, 2018
Customer and builder deposits
$
27,122

 
$
31,978



The difference between the opening and closing balances of customer and builder deposits results from the timing difference between the customers’ payments of deposits and the Company’s performance, impacted slightly by terminations of contracts. 

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 nine months ended September 30, 2019 and 2018 are as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019

2018
Type of Customer
 
 
 
 



Homebuyers
$
7,661

 
$
6,007

 
$
13,335


$
13,036

Homebuilders
981

 
480

 
2,663


711

Total deposits recognized as revenue
$
8,642

 
$
6,487

 
$
15,998


$
13,747



Performance Obligations
There was no revenue recognized during the nine months ended September 30, 2019 and 2018 from performance obligations satisfied in prior periods.

Transaction Price Allocated to the Remaining Performance Obligations
The aggregate amount of transaction price allocated to the remaining performance obligations on our land sale and lot option contracts is $64.4 million. The 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
$
10,824

2020
36,720

2021
16,859

Total
$
64,403


The timing of lot takedowns is contingent upon a number of factors, including customer needs, the number of lots being purchased, receipt of acceptance of the plat by the municipality, weather-related delays, and agreed-upon lot takedown schedules.

Our contracts with homebuyers have a duration of less than one year. As such, the Company uses the practical expedient as allowed under ASC 606, Revenue from Contracts with Customers, and therefore has not disclosed the transaction price allocated to remaining performance obligations as of the end of the reporting period.
   
Disaggregation of Revenue [Line Items]          
Total revenues $ 209,404,000 $ 152,052,000 $ 561,538,000 $ 438,527,000  
Customer and builder deposits 27,122,000   27,122,000   $ 31,978,000
Revenue recognized 8,642,000 6,487,000 15,998,000 13,747,000  
Revenue recognized from performance obligations satisfied in prior periods     0    
Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 199,918,000 139,459,000 536,560,000 406,903,000  
Residential Real Estate [Member] | Transferred at a point in time          
Disaggregation of Revenue [Line Items]          
Total revenues 197,280,000 137,399,000 529,003,000 401,643,000  
Residential Real Estate [Member] | Transferred over Time [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 2,638,000 2,060,000 7,557,000 5,260,000  
Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 9,486,000 12,593,000 24,978,000 31,624,000  
Real Estate, Other [Member] | Transferred at a point in time          
Disaggregation of Revenue [Line Items]          
Total revenues 9,486,000 12,593,000 24,978,000 31,624,000  
Homebuilders [Member] | Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 0 0 0 0  
Revenue recognized 981,000 480,000 2,663,000 711,000  
Homebuilders [Member] | Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 9,301,000 12,363,000 24,793,000 30,954,000  
Homebuyers [Member] | Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 199,918,000 139,459,000 536,560,000 406,903,000  
Revenue recognized 7,661,000 6,007,000 13,335,000 13,036,000  
Homebuyers [Member] | Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 185,000 230,000 185,000 670,000  
Central | Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 104,685,000 60,886,000 268,278,000 202,224,000  
Central | Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 8,746,000 12,363,000 24,228,000 27,054,000  
Southeast [Domain] | Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 95,233,000 78,573,000 268,282,000 204,679,000  
Southeast [Domain] | Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 740,000 230,000 750,000 4,570,000  
Land development          
Disaggregation of Revenue [Line Items]          
Total revenues 8,746,000 12,363,000 24,228,000 27,054,000  
Land development | Residential Real Estate [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 0 0 0 0  
Builder operations          
Disaggregation of Revenue [Line Items]          
Total revenues 200,658,000 139,689,000      
Builder operations | Real Estate, Other [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 700,000 200,000 800,000 4,600,000  
Builder operations | Land and Lots [Member]          
Disaggregation of Revenue [Line Items]          
Total revenues 0 0 0 0  
Builder operations | Central          
Disaggregation of Revenue [Line Items]          
Total revenues 104,685,000 60,886,000      
Builder operations | Southeast [Domain]          
Disaggregation of Revenue [Line Items]          
Total revenues $ 95,973,000 $ 78,803,000 $ 269,032,000 $ 209,249,000