Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.21.1
Revenue Recognition
3 Months Ended
Mar. 31, 2021
Revenue Recognition [Abstract]  
Revenue Recognition

9.  Revenue Recognition



The table below sets forth the Company’s revenue disaggregated by category (in thousands):



 

 

 

 

 

 



 

 

 

 

 

 



 

For the Three Months Ended



 

March 31,



 

2021

 

2020

Trade sales - wholesale

 

$

42,468 

 

 

20,874 

Trade sales - retail

 

 

3,446 

 

 

20,012 

Sales of real estate inventory

 

 

13,535 

 

 

6,439 

Revenue from customers

 

 

59,449 

 

 

47,325 

Interest income

 

 

1,650 

 

 

116 

Net gains (losses) on sales of real estate assets

 

 

105 

 

 

(47)

Other revenue

 

 

671 

 

 

787 

Total revenues

 

$

61,875 

 

 

48,181 

As of March 31, 2021 and December 31, 2020, the Company’s other assets in its condensed consolidated statements of financial condition included $5.9 million and $2.9 million of estimated variable consideration related to the contingent purchase price due from homebuilders in connection with the sale of real estate inventory to the homebuilders.