Warranty Accrual (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021. The warranty accrual for the three and nine months ended September 30, 2022 increased due to the increase in the number of home closings. The warranty accrual for the nine months ended September 30, 2022 also increased as a result of a $3.0 million adjustment to increase our warranty accrual during the period. This adjustment was due to higher general warranty related expenditures. There were $0.3 million of warranty adjustments during the three and nine months ended September 30, 2021.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(Dollars in thousands)
Balance at beginning of period	$	42,711	$	35,017	$	37,491	$	33,664
Expense provisions	6,856		5,618		19,475		15,706
Cash payments	(4,929)		(4,834)		(14,768)		(13,569)
Adjustments	523		319		2,963		319
Balance at end of period	$	45,161	$	36,120	$	45,161	$	36,120