Other Assets |
6 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| Other Assets | Other AssetsAs of June 30, 2022 and December 31, 2021, the Company had contract assets of $17.7 million and $6.1 million, respectively, related to lot sales and other revenue. The contract asset balance is included in other assets on the Company’s consolidated balance sheets and represents cash to be received for work already performed on lot sales and other contracts. The amount of the transaction price for lot sales and other contracts allocated to performance obligations that were unsatisfied, or partially unsatisfied, as of June 30, 2022 and December 31, 2021 was $29.5 million and $63.9 million, respectively. As of June 30, 2022 and December 31, 2021, the Company had $0.3 million and $4.0 million deferred revenue, respectively, related to lot sales and other revenue included in accrued expenses and other liabilities in the Company’s consolidated balance sheets. The Company reduces these liabilities and recognizes revenue as development progresses and the related performance obligations are completed. The Company recognized $1.0 million and $4.0 million of lot sales and other revenue during the three and six months ended June 30, 2022, respectively, related to the deferred revenue balance as of December 31, 2021. |