The following table summarizes our information for reportable segments for the years ended December 31, 2015, 2014 and 2013, which have been recast for all periods presented to reflect the change described above (in thousands):



	For the Year Ended
	2015			2014			2013
Operating income (loss):
Florida
Revenues:
Homebuilding	$	300,260		$	193,218		$	81,440
Amenity and other	12,385			10,140			9,786
Land sales	6,466			18,158			9,257
Total revenues	$	319,111		$	221,516		$	100,483
Expenses:
Homebuilding	239,001			156,439			64,726
Homebuilding selling, general and administrative	38,500			24,388			14,004
Amenity and other	10,587			10,524			11,663
Land sales	823			10,316			5,369
Segment operating income	$	30,200		$	19,849		$	4,721

Arizona
Revenues:
Homebuilding	$	84,378		$	48,665		$	33,533
Amenity and other	—			6			420
Land sales	—			14,438			7,046
Total revenues	84,378			63,109			40,999
Expenses:
Homebuilding	71,305			41,261			27,073
Homebuilding selling, general and administrative	11,981			7,747			5,561
Amenity and other	115			425			2,110
Land sales	—			11,688			2,744
Segment operating income	$	977		$	1,988		$	3,511

Carolinas
Revenues:
Homebuilding	$	114,277		$	1,288		$	—
Total revenues	114,277			1,288			—
Expenses:
Homebuilding	95,232			1,183			—
Homebuilding selling, general and administrative	12,205			2,230			97
Segment operating income (loss)	$	6,840		$	(2,125	)	$	(97	)

Operating income	$	38,017		$	19,712		$	8,135

Unallocated income (expenses):
Interest income and other	154			447			2,499
Equity in earnings (loss) from unconsolidated entities	154			(16		)	(101		)
Corporate general and administrative expenses	(16,900		)	(15,941		)	(15,975		)
Interest expense	(9,039		)	(5,805		)	(2,830		)
Income (loss) before income taxes	12,386			(1,603		)	(8,272		)
Income tax expense	(436		)	—			—
Net income attributable to non-controlling interests	—			329			1,205
Net income (loss) attributable to AV Homes	$	11,950		$	(1,932	)	$	(9,477	)



	December 31,
	2015		2014
Segment assets:
Florida	$	328,233	$	278,091
Arizona	175,929		145,380
Carolinas	152,141		28,475
Unallocated assets	85,713		216,940
Total assets	$	742,016	$	668,886


•	Our businesses are conducted in the United States.


•	Identifiable assets by segment are those assets that are used in the operations of each segment.


•	No significant part of the business is dependent upon a single customer or group of customers.

•

The caption “Unallocated assets” under the table depicting the segment assets represents the following as of December 31, 2015 and 2014, respectively: cash, cash equivalents and restricted cash of $72.9 million and $196.5 million; land inventories of $0.0 million and $4.6 million; property and equipment of $1.8 million and $2.7 million; investment in and notes from unconsolidated entities of $1.2 million and $1.2 million; receivables of $0.0 million and $2.0 million; and prepaid expenses and other assets of $9.9 million and $10.1 million. None of the foregoing are directly attributable to a reportable segment in accordance with ASC 280, Segment Reporting.


•	There is no interest expense from the Florida, Arizona and Carolinas segments included in segment operating income (loss) for 2015, 2014 and 2013.

•

Included in segment operating income (loss) for 2015 is depreciation expense (including amortization of assets under capital leases) of $2.4 million, $0.0 million, $0.1 million and $0.6 million from Florida, Arizona, Carolinas and unallocated corporate general and administrative expenses, respectively. Included in segment operating income (loss) for 2014 is depreciation expense of $2.4 million, $0.1 million, $0.0 million and $0.6 million from Florida, Arizona, Carolinas and unallocated corporate general and administrative expenses, respectively. Included in segment operating income (loss) for 2013 is depreciation expense of $2.1 million, $0.1 million, $0.5 million and $0.6 million from Florida, Arizona, Carolinas and unallocated corporate general and administrative expenses, respectively.


•	During fiscal years 2015, 2014 and 2013, there were no impairment losses recognized.


•	Goodwill of $6.1 million and $13.2 million has been assigned to the Florida and Carolinas segments, respectively.