Homebuilding Accrued Liabilities and Financial Services Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2012

Homebuilding Accrued Liabilities and Financial Services Accounts Payable and Accrued Liabilities

M.D.C. HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

9. Homebuilding Accrued Liabilities and Financial Services Accounts Payable and Accrued Liabilities

The following table sets forth information relating to homebuilding accrued liabilities.

	December 31,
	2012		2011
	(Dollars in thousands)
Warranty reserves	$	23,151	$	25,525
Accrued interest payable		13,698		13,698
Accrued executive deferred compensation (note 12)		28,475		24,136
Liability for unrecognized tax benefits		835		3,303
Legal accruals		2,250		9,360
Land development and home construction accruals		9,545		10,619
Accrued compensation and related expenses		16,864		11,350
Customer and escrow deposits		9,413		5,468
Other accrued liabilities		14,225		15,729
Total accrued liabilities	$	118,456	$	119,188

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

	December 31,
	2012		2011
	(Dollars in thousands)
Insurance reserves	$	47,852	$	49,376
Other accrued liabilities		4,012		3,070
Total accounts payable and accrued liabilities	$	51,864	$	52,446