Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

Note 15 - Unaudited Quarterly Information

Summarized quarterly financial data for 2015 and 2014 is as follows (dollars in thousands): 

	2015 Quarter
	First			Second			Third			Fourth
Net revenues	$	58,830		$	79,389		$	153,827		$	225,720
Expenses	63,832			84,026			148,302			209,374
Equity earnings (losses) from unconsolidated entities	(6		)	171			(5		)	(6		)
Income (loss) before income taxes	(5,008		)	(4,466		)	5,520			16,340
Less: income tax expense	—			—			—			(436		)
Less: net income attributable to non-controlling interests	—			—			—			—
Net income (loss) attributable to AV Homes	$	(5,008	)	$	(4,466	)	$	5,520		$	15,904
Earnings (loss) per share: (1)
Basic	$	(0.23	)	$	(0.20	)	$	0.25		$	0.72
Diluted	$	(0.23	)	$	(0.20	)	$	0.25		$	0.65

	2014 Quarter
	First			Second			Third			Fourth
Net revenues	$	43,865		$	51,447		$	86,641		$	103,960
Expenses	45,499			53,694			85,958			102,349
Equity earnings (losses) from unconsolidated entities	1			(6		)	(5		)	(6		)
Income (loss) before income taxes	(1,633		)	(2,253		)	678			1,605
Less: net income attributable to non-controlling interests	293			36			—			—
Net income (loss) attributable to AV Homes	$	(1,926	)	$	(2,289	)	$	678		$	1,605
Earnings (loss) per share: (1)
Basic and diluted	$	(0.09	)	$	(0.10	)	$	0.03		$	0.07

(1) Quarterly and year-to-date computations of per share amounts are made independently.  Therefore, the sum of per share amounts for the quarters may not be consistent with the per share amounts for the year.