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

6 Months Ended

Jun. 30, 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:

	June 30, 2023		December 31, 2022
	(Dollars in thousands)
Accrued compensation and related expenses	$	71,627	$	100,653
Customer and escrow deposits	55,601		42,296
Warranty accrual (Note 11)	47,209		46,857
Lease liability (Note 8)	24,682		26,574
Land development and home construction accruals	16,525		20,028
Accrued interest	30,934		30,934
Income taxes payable	17,976		23,880
Construction defect claim reserves (Note 12)	10,271		10,466
Retentions payable	17,857		21,519
Other accrued liabilities	49,091		60,199
Total accrued and other liabilities	$	341,773	$	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:

	June 30, 2023		December 31, 2022
	(Dollars in thousands)
Insurance reserves (Note 12)	$	84,854	$	84,108
Accounts payable and other accrued liabilities	16,475		26,428
Total accounts payable and accrued liabilities	$	101,329	$	110,536