ACCRUED EXPENSES AND OTHER LIABILITIES - Summary of Changes in Reserves (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
|
Changes in Warranty Reserves | ||||
Reserve - beginning of period | $ 116,406 | $ 121,964 | $ 118,116 | $ 120,048 |
Net additions to reserves due to WLH acquisition | 0 | 0 | 0 | 9,130 |
Other additions to reserves | 18,394 | 17,005 | 30,784 | 26,743 |
Cost of claims incurred | (19,067) | (23,277) | (34,931) | (42,264) |
Changes in estimates to pre-existing reserves | 388 | 1,770 | 2,152 | 3,805 |
Reserve - end of period | $ 116,121 | $ 117,462 | $ 116,121 | $ 117,462 |