BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Summary of Fair Value of Assets Acquired and Liabilities Created

The following is a summary of the fair value of assets acquired, liabilities assumed, and liabilities created (in thousands):

(In thousands)	Acadia Homes
Acquisition Date	January 8, 2016
Assets acquired
Real estate inventory	$	76,152
Land deposits	984
Prepaid expenses and other assets	816
Property and equipment	204
Goodwill (1)	8,500
Total assets	$	86,656
Less liabilities assumed
Accrued expenses and other liabilities	$	2,562
Customer deposits	463
Net assets acquired	$	83,631

⁽¹⁾Goodwill is fully deductible for tax purposes. The goodwill was allocated to our East homebuilding segment.