Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segments

Segment Information

Prior to the first quarter of 2015, our operations included the following reportable segments: (i) active adult communities; (ii) primary residential communities; and (iii) land sales. Based on the evolving nature of our business and recent operational and reporting changes, we reevaluated the identification of our reportable segments during the first quarter of 2015. As a result, beginning with the first quarter of 2015, our reportable segments are as follows: Florida, Arizona and the Carolinas.

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 our Chief Executive Officer.

The following table summarizes our information for reportable segments for the three months ended March 31, 2015 and 2014, which have been recast for all periods presented to reflect the change described above (in thousands):

	Three Months
	2015		2014
Operating income (loss):
Florida
Revenues
Homebuilding	$	41,906	$	21,348
Amenity and other	2,777		2,556
Land sales	2,704		1,838
Total Revenues	47,387		25,742
Expenses
Homebuilding	34,601		17,031
Homebuilding Selling, General and Administrative	6,588		3,927
Amenity and other	2,345		2,715
Land sales	285		407
Segment operating income	3,568		1,662
Arizona

Revenues
Homebuilding	$	9,907		$	4,255
Land sales	—			13,868
Total Revenues	9,907			18,123
Expenses
Homebuilding	8,613			3,547
Homebuilding Selling, General and Administrative	2,322			1,457
Amenity and other	38			177
Land sales	—			11,538
Segment operating income (loss)	(1,066		)	1,404
Carolinas
Revenues
Homebuilding	$	1,536		$	—
Total Revenues	1,536			—
Expenses
Homebuilding	1,375			—
Homebuilding Selling, General and Administrative	816			293
Segment operating loss	(655		)	(293		)
Operating income	$	1,847		$	2,773
Unallocated income (expenses):
Interest income and other	62			103
Equity in earnings (loss) in unconsolidated entities	(6		)	1
Corporate general and administrative expenses	(3,654		)	(4,396		)
Interest expense	(3,257		)	(114		)
Loss before income taxes	(5,008		)	(1,633		)
Income tax expense	—			—
Net income attributable to non-controlling interests	—			293
Net loss attributable to AV Homes	$	(5,008	)	$	(1,926	)

	March 31,		December 31,
	2015		2014
Segment assets:
Florida	$	308,032	$	278,091
Arizona	160,502		145,380
Carolinas	33,840		28,475
Unallocated assets	163,856		216,940
Total assets	$	666,230	$	668,886