Segments

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segments

Segments

Our current operations include the following reportable segments: the development, sale and management of active adult communities; the development and sale of primary residential communities; and the sale of commercial, industrial or other land. 

Our operating segments are defined as a component of an enterprise for which discrete financial information is available and is reviewed regularly by the chief operating decision maker, to evaluate performance and make operating decisions. We have identified our chief operating decision maker as the Chief Executive Officer.

The following table summarizes our information for reportable segments for the three and nine months ended September 30, 2014 and 2013:

	Three Months					Nine Months
	2014			2013		2014			2013
Operating income (loss):
Active Adult Communities
Revenues
Homebuilding	$	37,783		$	17,304	$	77,802		$	35,910
Amenity	1,953			1,793		5,876			5,349
Total Revenues	39,736			19,097		83,678			41,259
Expenses
Homebuilding	30,127			13,662		61,774			28,877
Homebuilding Selling, General and Administrative	4,191			2,390		11,664			7,663
Amenity	2,030			2,070		5,848			6,177
Segment operating income (loss)	3,388			975		4,392			(1,458		)
Primary Residential Communities
Revenues
Homebuilding	33,345			14,658		67,353			36,330
Amenity	530			412		1,581			1,831
Total Revenues	33,875			15,070		68,934			38,161
Expenses
Homebuilding	28,431			12,132		56,991			28,762
Homebuilding Selling, General and Administrative	5,169			1,960		10,637			5,183
Amenity	462			536		1,505			1,923
Segment operating income (loss)	(187		)	442		(199		)	2,293
Commercial and industrial and other land sales
Revenues	12,942			674		29,168			9,556

Expenses	8,672			95			20,910			5,352
Segment operating income	4,270			579			8,258			4,204
Other operations
Revenues	88			57			173			496
Expenses	3			118			48			303
Segment operating income (loss)	85			(61		)	125			193
Operating income	7,556			1,935			12,576			5,232
Unallocated income (expenses):
Interest income and other	85			101			258			203
Equity loss from unconsolidated entities	(5		)	(7		)	(10		)	(84		)
Corporate general and administrative expenses	(4,016		)	(3,885		)	(12,264		)	(11,882		)
Interest expense	(2,841		)	1,020			(2,952		)	(2,515		)
Other real estate expenses	(101		)	(1,100		)	(816		)	(2,314		)
Reversal of impairment charge	—			958			—			958
Income (loss) before income taxes	678			(978		)	(3,208		)	(10,402		)
Income tax expense	—			—			—			—
Net income (loss) attributable to non-controlling interests	$	—		$	899		$	329		$	899
Net income (loss) attributable to AV Homes	$	678		$	(1,877	)	$	(3,537	)	$	(11,301	)