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

12 Months Ended

Dec. 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.

	December 31,
	2023		2022
	(Dollars in thousands)
Accrued compensation and related expenses	$	93,013	$	100,653
Customer and escrow deposits	33,633		42,296
Warranty accrual (Note 12)	44,082		46,857
Lease liability (Note 10)	22,939		26,574
Land development and home construction accruals	19,262		20,028
Accrued interest	30,934		30,934
Income taxes payable	—		23,880
Construction defect claim reserves (Note 13)	11,433		10,466
Retentions payable	14,765		21,519
Other accrued liabilities	56,417		60,199
Total accrued and other liabilities	$	326,478	$	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.

	December 31,
	2023		2022
	(Dollars in thousands)
Insurance reserves (Note 13)	$	89,326	$	84,108
Accounts payable and other accrued liabilities	24,159		26,428
Total accounts payable and accrued liabilities	$	113,485	$	110,536