Homebuilding Accrued and Other Liabilities and Financial Services Accounts Payable and Accrued Liabilities

3 Months Ended

Mar. 31, 2023

Accounts Payable and Accrued Liabilities [Abstract]

Homebuilding Accrued and Other Liabilities and Financial Services Accounts Payable and Accrued Liabilities

Homebuilding Accrued and Other Liabilities and Financial Services Accounts Payable and Accrued Liabilities

The following table sets forth information relating to homebuilding accrued and other liabilities:

	March 31, 2023		December 31, 2022
	(Dollars in thousands)
Accrued compensation and related expenses	$	57,040	$	100,653
Customer and escrow deposits	47,191		42,296
Warranty accrual (Note 11)	46,666		46,857
Lease liability (Note 8)	25,426		26,574
Land development and home construction accruals	17,538		20,028
Accrued interest	14,889		30,934
Income taxes payable	49,461		23,880
Construction defect claim reserves (Note 12)	10,322		10,466
Retentions payable	19,417		21,519
Other accrued liabilities	54,217		60,199
Total accrued and other liabilities	$	342,167	$	383,406

A reclassification was made to our prior period financial information, where $21.5 million was reclassed from other accrued liabilities to retentions payable to conform to the current year presentation.

The following table sets forth information relating to financial services accounts payable and accrued liabilities:

	March 31, 2023		December 31, 2022
	(Dollars in thousands)
Insurance reserves (Note 12)	$	82,815	$	84,108
Accounts payable and other accrued liabilities	18,061		26,428
Total accounts payable and accrued liabilities	$	100,876	$	110,536