Warranty Accrual (Tables)

6 Months Ended

Jun. 30, 2022

Product Warranties Disclosures [Abstract]

Schedule of Product Warranty Liability

The table set forth below summarizes accrual, adjustment and payment activity related to our warranty accrual for the three and six months ended June 30, 2022 and 2021. The warranty accrual for the three months ended June 30, 2022 increased due to the increase in the number of home closings. The warranty accrual for the six months ended June 30, 2022 increased also due to a $2.4 million adjustment to increase our warranty accrual during the period. This adjustment was due to higher general warranty related expenditures. There were no warranty adjustments during the three and six months ended June 30, 2021.

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(Dollars in thousands)
Balance at beginning of period	$	40,946	$	33,873	$	37,491	$	33,664
Expense provisions	6,787		5,703		12,619		10,088
Cash payments	(5,022)		(4,559)		(9,839)		(8,735)
Adjustments	—		—		2,440		—
Balance at end of period	$	42,711	$	35,017	$	42,711	$	35,017