XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Warranty Reserves
Warranty reserve activity consisted of the following (in thousands):
 
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Warranty reserves, beginning of period$99,243 $103,454 $104,375 $103,976 
Warranty reserves accrued6,337 7,065 18,523 18,666 
Warranty expenditures(10,471)(6,802)(27,789)(18,925)
Warranty reserves, end of period$95,109 $103,717 $95,109 $103,717 
Schedule of Lease Costs and Other Information See below for additional information on leases (dollars in thousands):
Three Months Ended September 30, 2023Three Months Ended September 30, 2022Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
Lease Cost
Operating lease cost (included in SG&A expense)$2,555 $2,336 $7,808 $7,315 
Ground lease cost (included in other operations expense)724 663 2,170 1,990 
Sublease income, operating leases— — — — 
Sublease income, ground leases (included in other operations revenue)(734)(674)(2,202)(2,020)
Net lease cost$2,545 $2,325 $7,776 $7,285 
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows (included in operating cash flows)$2,407 $1,682 $7,279 $6,106 
Ground lease cash flows (included in operating cash flows)$663 $663 $1,990 $1,990 
Right-of-use assets obtained in exchange for new operating lease liabilities$1,804 $125 $3,820 $1,517 
September 30, 2023December 31, 2022
Weighted-average discount rate:
Operating leases4.8 %4.7 %
Ground leases10.2 %10.2 %
Weighted-average remaining lease term (in years):
Operating leases6.47.0
Ground leases44.645.3
Schedule of Future Minimum Lease Payments
The future minimum lease payments under our operating leases are as follows (in thousands):
Property, Equipment and Other Leases
Ground Leases (1)
Remaining in 2023$2,355 $809 
20249,703 3,237 
20259,214 3,237 
20267,909 3,237 
20277,098 3,237 
Thereafter18,723 78,641 
Total lease payments$55,002 $92,398 
Less: Interest7,721 64,292 
Present value of operating lease liabilities$47,281 $28,106 
 __________
(1)    Ground leases are fully subleased through 2041, representing $58.6 million of the $92.4 million future ground lease obligations.