Inventories (Tables)

12 Months Ended

Dec. 31, 2020

The table below sets forth, by reportable segment, information relating to our homebuilding inventories.


	December 31, 2020		December 31, 2019
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	902,842	$	589,040
Mountain	464,501		358,370
East	119,244		88,781
Subtotal	1,486,587		1,036,191
Land and Land Under Development:
West	822,504		772,189
Mountain	391,054		468,718
East	132,085		89,477
Subtotal	1,345,643		1,330,384
Total Inventories	$	2,832,230	$	2,366,575

Schedule of Inventory Impairments

Inventory impairments recognized by segment for the years ended December 31, 2020, 2019 and 2018 are shown in the table below.


	Year Ended December 31,
	2020		2019		2018
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	—	$	100	$	2,860
Mountain	—		—		417
East	—		435		1,227
Subtotal	—		535		4,504
Land and Land Under Development:
West	—		—		16,198
Mountain	—		400		958
East	—		—		190
Subtotal	—		400		17,346
Total Inventory Impairments	$	—	$	935	$	21,850

Quantitative Data for Fair Value of the Impaired Inventory

The table below provides quantitative data, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.


	Impairment Data					Quantitative Data
Three Months Ended	Number of Subdivisions Impaired	Inventory Impairments		Fair Value of Inventory After Impairments		Discount Rate
	(Dollars in thousands)
March 31, 2019	2	$	610	$	10,476			N/A
December 31, 2019	2	325		3,948				N/A
Total		$	935

March 31, 2018	2	$	550	$	5,223			12%
June 30, 2018	1	200		767				12%
September 30, 2018	2	11,098		29,874		12	%	—	18%
December 31, 2018	10	10,002		32,248		12	%	—	18%
Total		$	21,850