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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets, Liabilities, and Equity Measured at Fair Value on a Recurring Basis
A summary of assets and (liabilities) at March 31, 2019 and December 31, 2018, related to the Company's financial instruments, measured at fair value on a recurring basis, is set forth below:
 
 
 
 
 
 
Fair Value
Financial Instrument
 
Balance sheet location
 
Fair Value Hierarchy
 
March 31, 2019
 
December 31, 2018
Money market funds
 
Cash and cash equivalents
 
Level 1
 
$
375,259

 
$
425,776

Forward sales commitments
 
Prepaid expenses and other current assets
 
Level 2
 
16

 

Forward sales commitments
 
Accrued liabilities
 
Level 2
 
(401
)
 
(141
)
Loans held for sale
 
Prepaid expenses and other current assets
 
Level 2
 
15,748

 
4,913

Interest rate lock commitments
 
Prepaid expenses and other current assets
 
Level 3
 
715

 
254

Interest rate lock commitments
 
Accrued liabilities
 
Level 3
 
(16
)