XML 37 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventory and Capitalized Interest Inventory (Tables)
6 Months Ended
Jun. 30, 2018
Inventory [Abstract]  
Schedule of Inventory, Current [Table Text Block]
A summary of the Company’s inventory as of June 30, 2018 and December 31, 2017 is as follows:
(In thousands)
June 30, 2018
 
December 31, 2017
Single-family lots, land and land development costs
$
740,972

 
$
687,260

Land held for sale
12,715

 
6,491

Homes under construction
757,478

 
579,051

Model homes and furnishings - at cost (less accumulated depreciation: June 30, 2018 - $13,711;
   December 31, 2017 - $12,715)
80,901

 
74,622

Community development district infrastructure
11,789

 
13,049

Land purchase deposits
33,820

 
32,556

Consolidated inventory not owned
14,793

 
21,545

Total inventory
$
1,652,468

 
$
1,414,574

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]
 The summary of capitalized interest for the three and six months ended June 30, 2018 and 2017 is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2018
 
2017
 
2018
 
2017
Capitalized interest, beginning of period
$
18,264

 
$
16,008

 
$
17,169

 
$
16,012

Interest capitalized to inventory
7,191

 
5,300

 
13,150

 
9,062

Capitalized interest charged to land and housing costs and expenses
(6,203
)
 
(4,843
)
 
(11,067
)
 
(8,609
)
Capitalized interest, end of period
$
19,252

 
$
16,465

 
$
19,252

 
$
16,465

 
 
 
 
 
 
 
 
Interest incurred
$
12,079

 
$
9,134

 
$
23,916

 
$
18,234