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Accrued Expenses and Other Liabilities
12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities
ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued and other liabilities consist of the following (in thousands):
 
 
December 31,
   
 
2018
 
2017
Inventory related obligations
 
$
7,041

 
$
12,906

Taxes payable
 
10,773

 
48,733

Retentions and development payable
 
18,899

 
12,025

Accrued compensation, bonuses and benefits
 
13,913

 
14,462

Accrued interest
 
12,339

 
2,096

Warranty reserve
 
2,950

 
2,450

Other
 
10,640

 
10,159

Total accrued expenses and other liabilities
 
$
76,555

 
$
102,831


Inventory Related Obligations
We own lots in certain communities in Arizona, California, Florida, and Texas that have Community Development Districts (“CDD”) or similar utility and infrastructure development special assessment programs that allocate a fixed amount of debt service associated with development activities to each lot. This obligation for infrastructure development is attached to the land, is typically payable over a 30-year period, and is ultimately assumed by the homebuyer when home sales are closed. Such obligations represent a non-cash cost of the lots. At December 31, 2018 and 2017, we had CDD and other utility development obligations of approximately $7.0 million and $12.9 million, respectively.
Estimated Warranty Reserve
We typically provide homebuyers with a one-year warranty on the house and a ten-year limited warranty for major defects in structural elements such as framing components and foundation systems.
Changes to our warranty accrual are as follows (in thousands):
 
 
December 31,
 
 
2018
 
2017
 
2016
Warranty reserves, beginning of period
 
$
2,450

 
$
1,600

 
$
1,325

Warranty provision
 
4,438

 
4,999

 
3,084

Warranty expenditures
 
(3,938
)
 
(4,149
)
 
(2,809
)
Warranty reserves, end of period
 
$
2,950

 
$
2,450

 
$
1,600