processes through customer satisfaction survey scores ; promoting a positive environment for our employees in order to minimize turnover and retain our employees . 27 to assist in meeting and maintain our company goals , we are pleased to report the following 2014 successes : increased the capacity of our revolving credit facility and completed an equity offering ; increased our market diversification and national presence through the legendary communities acquisition , providing entry into the atlanta , georgia and greenville , south carolina markets ; increased controlled lots by 18.1 % , with approximately 79 % of that increase stemming from the legendary communities acquisition ; increased our count of actively selling communities from 188 at december 31 , 2013 to 229 at december 31 , 2014 , reporting growth in nearly every one of our markets . additionally , we are continually evaluating opportunities for expansion into new markets that indicate positive long-term growth trends , looking to redeploy our capital into communities both within our geographic footprint and through entry into new markets . in connection with these efforts , we have entered six new markets since 2011. most recently , we entered the nashville , tennessee , market through the acquisition of certain assets of phillips builders in august 2013 and we entered the atlanta , georgia and greenville , south carolina markets and expanded our presence in charlotte , north carolina through the acquisition of legendary communities in august 2014 ( see note 9 of the accompanying consolidated financial statements for additional information ) . we believe that the investments in our new communities , new markets and industry leading energy efficient product offerings create a differentiated strategy that has aided us in our growth and improved our operating leverage . throughout 2014 , we opened 91 new communities while closing out 82 communities and added a net increase of 32 actively selling communities from legendary communities , ending the year with 229 active communities . the improved community count is to a large extent the result of our land acquisition efforts to support growth in existing and new markets and the added communities from the legendary communities acquisition . critical accounting policies we have established various accounting policies that govern the application of united states generally accepted accounting principles ( “ gaap ” ) in the preparation and presentation of our consolidated financial statements . our significant accounting policies are described in note 1 of the consolidated financial statements included in this form 10-k. certain of these policies involve significant judgments , assumptions and estimates by management that may have a material impact on the carrying value of certain assets and liabilities , and revenue and costs . we are subject to uncertainties such as the impact of future events , economic , environmental and political factors and changes in our business environment ; therefore , actual results could differ from these estimates . accordingly , the accounting estimates used in the preparation of our financial statements will change as new events occur , as more experience is acquired , as additional information is obtained and as our operating environment changes . changes in estimates are revised when circumstances warrant . such changes in estimates and refinements in methodologies are reflected in our reported results of operations and , if material , the effects of changes in estimates are disclosed in the notes to our consolidated financial statements . the judgments , assumptions and estimates we use and believe to be critical to our business are based on historical experience , knowledge of the accounts , industry practices , and other factors , which we believe to be reasonable under the circumstances . because of the nature of the judgments and assumptions we have made , actual results may differ from these judgments and estimates and could have a material impact on the carrying values of assets and liabilities and the results of our operations . the accounting policies that we deem most critical to us and involve the most difficult , subjective or complex judgments are as follows : revenue recognition we recognize revenue from a home sale when title passes to the homeowner , the homeowner 's initial and continuing investment is adequate to demonstrate a commitment to pay for the home , the receivable , if any , from the homeowner is not subject to future subordination and we do not have a substantial continuing involvement with the sold home . these conditions are typically achieved when a home closes . revenue from land sales is recognized when a significant down payment is received , the earnings process is relatively complete , title passes and collectability of the receivable is reasonably assured . although there is limited subjectivity in this accounting policy , we have designated revenue recognition as a critical accounting policy due to the significance of this balance in our statements of operations . 28 real estate real estate is stated at cost unless the community or land is determined to be impaired , at which point the inventory is written down to fair value as required by financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) 360-10 , property , plant and equipment . inventory includes the costs of land acquisition , land development and home construction , capitalized interest , real estate taxes , direct overhead costs incurred during development and home construction that benefit the entire community , less impairments , if any . land and development costs are typically allocated and transferred to homes under construction when home construction begins . home construction costs are accumulated on a per-home basis . story_separator_special_tag colorado produces some of our highest average sales prices in the company , second only to california and benefited from increases in average sales prices on orders during 2014 of $ 12,800 or 3.0 % , on top of our $ 93,400 or 27.6 % increases recorded in the prior year . colorado has steadily increased its contribution to overall results in the region which has offset some of the declines in california and arizona and aided the overall average sales price growth the region continues to experience . central . the central region , made up of our texas markets , closed 2,224 units totaling $ 683.7 million in home closing revenue , 21.3 % and 38.7 % increases over 2013 , respectively . texas remains our largest volume market in the country and also experienced an increase in orders to 2,290 units as compared to 2,126 units for the same period a year ago . the 7.7 % orders increase was achieved in spite of a 4.4 % drop in the average number of actively-selling communities , highlighting improvements in the region and the desirable locations of our communities that are appealing to buyers . average orders per active community increased to 35.5 per community , up 12.7 % during 2014 as compared to the prior year and is the highest orders pace in the company . community placement and larger product offerings , along with increasing consumer confidence in a strong local economy helped to drive our average order price increase of $ 41,100 , or 14.4 % in the current year as compared to 2013. the increased orders and order value in the region translated to higher backlog at december 31 , 2014 , with 858 units valued at $ 309.0 million , 8.3 % and 25.8 % increases , respectively , over 2013. east . our east region generated 1,465 closings with $ 549.6 million of home closing revenue in 2014 , a 53.9 % and 50.5 % increase , respectively , from the same period in 2013. the region also reported higher results in orders year over year generating $ 154.9 million of additional order dollars , due to a 46.8 % increase in units , partially offset by a $ 25,300 or 6.3 % decrease in average sales prices from 2013. while the volume increases are largely credited to the 94.0 % increase in the average number of actively selling communities as a result of the new markets we have entered in this region over the past year and half , some of those same markets also account for the decrease in average sales prices due to local market dynamics . 39 our newer operations in tennessee , georgia and south carolina currently report average sales prices that range from approximately $ 40,000- $ 100,000 less than the average of the region for the year ended december 31 , 2014. the region ended the year with 88 actively selling communities as compared to 42 at the end of 2013 , primarily due to the acquisition of legendary communities . the operating model of the acquired legendary communities is structured differently from a traditional meritage community , with multiple communities operating from a centralized marketing and sales center , thereby generating lower orders per community . over time , we plan to migrate these markets to our traditional structure , which we believe will result in an increased orders pace that is more in line with our company wide averages and expectations . the region ended the quarter with a 228-unit and $ 81.7 million increase in ending backlog , 64.0 % and 56.7 % gains , respectively . the florida market continues to be the largest contributor to the region 's results reporting $ 277.0 million in closing revenue on 699 units and generating $ 290.3 million in new orders on 728 units . the florida growth is largely attributable to the 28.9 % increase in actively selling communities year-over-year , jumping from 20 communities at the end of 2013 to 29 communities at the end of 2014. florida 's closing revenue for the year ended december 31 , 2014 increased compared to prior year by $ 13.0 million despite relatively flat closing units year-over-year as a result of average sales price increases of $ 14,100. operations in north carolina contributed 386 units or $ 158.0 million in closings and 438 units , or $ 171.8 million in order volume from 19 average actively-selling communities in 2014. reporting its first full year of operations , the tennessee market contributed more meaningfully to the region 's 2014 results compared to prior year , accounting for 8.9 % and 12.1 % of the region 's total home closing revenue and closing units , respectively with 178 units and $ 48.7 million in associated revenue . tennessee also contributed 177 orders valued at $ 49.4 million , and ending backlog of 39 units valued at $ 12.2 million as of december 31 , 2014. our newest markets in georgia and south carolina provided five months of operating results for 2014 , and contributed 90 and 112 closings valued at $ 29.6 million and $ 36.2 million , respectively , with no comparable results for the prior year . georgia and south carolina also provided 72 and 99 orders , respectively , resulting in ending backlog of 53 units valued at $ 16.6 million in georgia and 70 units valued at $ 26.1 million in south carolina for the year ended december 31 , 2014. the growth in this region highlights our commitment of focusing our efforts to enter highly sought-after markets with strong buyer demand . we expect these new markets to continue to increase their contribution for the region as we move into 2015. land closing revenue and gross profit from time to time , we may sell certain land parcels to other homebuilders , developers or investors if we feel the sale will provide

loss on early extinguishment of debt . loss on extinguishment of debt in 2013 is attributable to the charges associated with the tender of our $ 99.8 million senior subordinated notes due 2017 ( `` 2017 notes '' ) . the charges represent both the loss on the extinguishment as well as the write off of remaining unamortized capitalized costs related to the tendered notes . the charge in 2012 was due to the tender of our 6.25 % senior notes due 2015 ( `` 2015 notes '' ) and $ 26.1 million of our 2017 notes . income taxes . the effective tax rate was a provision of 29.9 % for 2013 , compared to a benefit of 264.5 % for 2012. although both 2013 and 2012 were favorably impacted by reversals of valuation reserves on our deferred tax assets , the impact was more significant for 2012. the 2013 effective tax rate was lower than expected due to energy tax credits and the homebuilder manufacturing deduction which were in addition to the reversal of the remaining valuation reserves on our deferred tax assets . liquidity and capital resources overview our principal uses of capital for 2014 were the acquisition and development of new and strategic lot positions , including the acquisition of the assets and operations of legendary communities , operating expenses , home construction , and the payment of routine liabilities . we used funds generated by operations and our cash reserves - which we bolstered in 2014 by our equity offering - to meet our short-term working capital requirements . we remain focused on acquiring desirable land positions , generating positive margins in our homebuilding operations and maintaining a strong balance sheet to support future needs and growth , while leveraging land options where possible . overview of cash management operating cash flow activities during the year ended december 31 , 2014 and december 31 , 2013 , net cash used in operations totaled $ 211.2 million and $ 77.9 million , respectively .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```loss on early extinguishment of debt . loss on extinguishment of debt in 2013 is attributable to the charges associated with the tender of our $ 99.8 million senior subordinated notes due 2017 ( `` 2017 notes '' ) . the charges represent both the loss on the extinguishment as well as the write off of remaining unamortized capitalized costs related to the tendered notes . the charge in 2012 was due to the tender of our 6.25 % senior notes due 2015 ( `` 2015 notes '' ) and $ 26.1 million of our 2017 notes . income taxes . the effective tax rate was a provision of 29.9 % for 2013 , compared to a benefit of 264.5 % for 2012. although both 2013 and 2012 were favorably impacted by reversals of valuation reserves on our deferred tax assets , the impact was more significant for 2012. the 2013 effective tax rate was lower than expected due to energy tax credits and the homebuilder manufacturing deduction which were in addition to the reversal of the remaining valuation reserves on our deferred tax assets . liquidity and capital resources overview our principal uses of capital for 2014 were the acquisition and development of new and strategic lot positions , including the acquisition of the assets and operations of legendary communities , operating expenses , home construction , and the payment of routine liabilities . we used funds generated by operations and our cash reserves - which we bolstered in 2014 by our equity offering - to meet our short-term working capital requirements . we remain focused on acquiring desirable land positions , generating positive margins in our homebuilding operations and maintaining a strong balance sheet to support future needs and growth , while leveraging land options where possible . overview of cash management operating cash flow activities during the year ended december 31 , 2014 and december 31 , 2013 , net cash used in operations totaled $ 211.2 million and $ 77.9 million , respectively .
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 Suspicious Activity Report : processes through customer satisfaction survey scores ; promoting a positive environment for our employees in order to minimize turnover and retain our employees . 27 to assist in meeting and maintain our company goals , we are pleased to report the following 2014 successes : increased the capacity of our revolving credit facility and completed an equity offering ; increased our market diversification and national presence through the legendary communities acquisition , providing entry into the atlanta , georgia and greenville , south carolina markets ; increased controlled lots by 18.1 % , with approximately 79 % of that increase stemming from the legendary communities acquisition ; increased our count of actively selling communities from 188 at december 31 , 2013 to 229 at december 31 , 2014 , reporting growth in nearly every one of our markets . additionally , we are continually evaluating opportunities for expansion into new markets that indicate positive long-term growth trends , looking to redeploy our capital into communities both within our geographic footprint and through entry into new markets . in connection with these efforts , we have entered six new markets since 2011. most recently , we entered the nashville , tennessee , market through the acquisition of certain assets of phillips builders in august 2013 and we entered the atlanta , georgia and greenville , south carolina markets and expanded our presence in charlotte , north carolina through the acquisition of legendary communities in august 2014 ( see note 9 of the accompanying consolidated financial statements for additional information ) . we believe that the investments in our new communities , new markets and industry leading energy efficient product offerings create a differentiated strategy that has aided us in our growth and improved our operating leverage . throughout 2014 , we opened 91 new communities while closing out 82 communities and added a net increase of 32 actively selling communities from legendary communities , ending the year with 229 active communities . the improved community count is to a large extent the result of our land acquisition efforts to support growth in existing and new markets and the added communities from the legendary communities acquisition . critical accounting policies we have established various accounting policies that govern the application of united states generally accepted accounting principles ( “ gaap ” ) in the preparation and presentation of our consolidated financial statements . our significant accounting policies are described in note 1 of the consolidated financial statements included in this form 10-k. certain of these policies involve significant judgments , assumptions and estimates by management that may have a material impact on the carrying value of certain assets and liabilities , and revenue and costs . we are subject to uncertainties such as the impact of future events , economic , environmental and political factors and changes in our business environment ; therefore , actual results could differ from these estimates . accordingly , the accounting estimates used in the preparation of our financial statements will change as new events occur , as more experience is acquired , as additional information is obtained and as our operating environment changes . changes in estimates are revised when circumstances warrant . such changes in estimates and refinements in methodologies are reflected in our reported results of operations and , if material , the effects of changes in estimates are disclosed in the notes to our consolidated financial statements . the judgments , assumptions and estimates we use and believe to be critical to our business are based on historical experience , knowledge of the accounts , industry practices , and other factors , which we believe to be reasonable under the circumstances . because of the nature of the judgments and assumptions we have made , actual results may differ from these judgments and estimates and could have a material impact on the carrying values of assets and liabilities and the results of our operations . the accounting policies that we deem most critical to us and involve the most difficult , subjective or complex judgments are as follows : revenue recognition we recognize revenue from a home sale when title passes to the homeowner , the homeowner 's initial and continuing investment is adequate to demonstrate a commitment to pay for the home , the receivable , if any , from the homeowner is not subject to future subordination and we do not have a substantial continuing involvement with the sold home . these conditions are typically achieved when a home closes . revenue from land sales is recognized when a significant down payment is received , the earnings process is relatively complete , title passes and collectability of the receivable is reasonably assured . although there is limited subjectivity in this accounting policy , we have designated revenue recognition as a critical accounting policy due to the significance of this balance in our statements of operations . 28 real estate real estate is stated at cost unless the community or land is determined to be impaired , at which point the inventory is written down to fair value as required by financial accounting standards board ( “ fasb ” ) accounting standards codification ( “ asc ” ) 360-10 , property , plant and equipment . inventory includes the costs of land acquisition , land development and home construction , capitalized interest , real estate taxes , direct overhead costs incurred during development and home construction that benefit the entire community , less impairments , if any . land and development costs are typically allocated and transferred to homes under construction when home construction begins . home construction costs are accumulated on a per-home basis . story_separator_special_tag colorado produces some of our highest average sales prices in the company , second only to california and benefited from increases in average sales prices on orders during 2014 of $ 12,800 or 3.0 % , on top of our $ 93,400 or 27.6 % increases recorded in the prior year . colorado has steadily increased its contribution to overall results in the region which has offset some of the declines in california and arizona and aided the overall average sales price growth the region continues to experience . central . the central region , made up of our texas markets , closed 2,224 units totaling $ 683.7 million in home closing revenue , 21.3 % and 38.7 % increases over 2013 , respectively . texas remains our largest volume market in the country and also experienced an increase in orders to 2,290 units as compared to 2,126 units for the same period a year ago . the 7.7 % orders increase was achieved in spite of a 4.4 % drop in the average number of actively-selling communities , highlighting improvements in the region and the desirable locations of our communities that are appealing to buyers . average orders per active community increased to 35.5 per community , up 12.7 % during 2014 as compared to the prior year and is the highest orders pace in the company . community placement and larger product offerings , along with increasing consumer confidence in a strong local economy helped to drive our average order price increase of $ 41,100 , or 14.4 % in the current year as compared to 2013. the increased orders and order value in the region translated to higher backlog at december 31 , 2014 , with 858 units valued at $ 309.0 million , 8.3 % and 25.8 % increases , respectively , over 2013. east . our east region generated 1,465 closings with $ 549.6 million of home closing revenue in 2014 , a 53.9 % and 50.5 % increase , respectively , from the same period in 2013. the region also reported higher results in orders year over year generating $ 154.9 million of additional order dollars , due to a 46.8 % increase in units , partially offset by a $ 25,300 or 6.3 % decrease in average sales prices from 2013. while the volume increases are largely credited to the 94.0 % increase in the average number of actively selling communities as a result of the new markets we have entered in this region over the past year and half , some of those same markets also account for the decrease in average sales prices due to local market dynamics . 39 our newer operations in tennessee , georgia and south carolina currently report average sales prices that range from approximately $ 40,000- $ 100,000 less than the average of the region for the year ended december 31 , 2014. the region ended the year with 88 actively selling communities as compared to 42 at the end of 2013 , primarily due to the acquisition of legendary communities . the operating model of the acquired legendary communities is structured differently from a traditional meritage community , with multiple communities operating from a centralized marketing and sales center , thereby generating lower orders per community . over time , we plan to migrate these markets to our traditional structure , which we believe will result in an increased orders pace that is more in line with our company wide averages and expectations . the region ended the quarter with a 228-unit and $ 81.7 million increase in ending backlog , 64.0 % and 56.7 % gains , respectively . the florida market continues to be the largest contributor to the region 's results reporting $ 277.0 million in closing revenue on 699 units and generating $ 290.3 million in new orders on 728 units . the florida growth is largely attributable to the 28.9 % increase in actively selling communities year-over-year , jumping from 20 communities at the end of 2013 to 29 communities at the end of 2014. florida 's closing revenue for the year ended december 31 , 2014 increased compared to prior year by $ 13.0 million despite relatively flat closing units year-over-year as a result of average sales price increases of $ 14,100. operations in north carolina contributed 386 units or $ 158.0 million in closings and 438 units , or $ 171.8 million in order volume from 19 average actively-selling communities in 2014. reporting its first full year of operations , the tennessee market contributed more meaningfully to the region 's 2014 results compared to prior year , accounting for 8.9 % and 12.1 % of the region 's total home closing revenue and closing units , respectively with 178 units and $ 48.7 million in associated revenue . tennessee also contributed 177 orders valued at $ 49.4 million , and ending backlog of 39 units valued at $ 12.2 million as of december 31 , 2014. our newest markets in georgia and south carolina provided five months of operating results for 2014 , and contributed 90 and 112 closings valued at $ 29.6 million and $ 36.2 million , respectively , with no comparable results for the prior year . georgia and south carolina also provided 72 and 99 orders , respectively , resulting in ending backlog of 53 units valued at $ 16.6 million in georgia and 70 units valued at $ 26.1 million in south carolina for the year ended december 31 , 2014. the growth in this region highlights our commitment of focusing our efforts to enter highly sought-after markets with strong buyer demand . we expect these new markets to continue to increase their contribution for the region as we move into 2015. land closing revenue and gross profit from time to time , we may sell certain land parcels to other homebuilders , developers or investors if we feel the sale will provide

