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Accrued Expenses and Other Liabilities
3 Months Ended
Mar. 31, 2020
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities Disclosures ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued and other liabilities consist of the following (in thousands):
March 31,December 31,
20202019
Taxes payable$19,649  $28,679  
Retentions and development payable27,223  26,790  
Accrued compensation, bonuses and benefits12,077  16,748  
Accrued interest5,789  11,361  
Inventory related obligations7,215  7,808  
Lease Liability5,439  5,645  
Warranty reserve3,750  3,500  
Other14,838  17,337  
Total accrued expenses and other liabilities$95,980  $117,868  
Inventory Related Obligations
We own lots in certain communities in Arizona, Florida and Texas that have Community Development Districts 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, which 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.
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):
Three Months Ended March 31,
 20202019
Warranty reserves, beginning of period$3,500  $2,950  
Warranty provision1,420  1,095  
Warranty expenditures(1,170) (1,045) 
Warranty reserves, end of period$3,750  $3,000