Note 9 - Capitalization of Interest (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
	(Dollars in thousands)
Total interest incurred (1)	$	52,972		$	56,872		$	156,845		$	175,207
Less: Interest capitalized to inventories owned (1)		(52,158	)		(55,761	)		(154,371	)		(172,170	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(814	)		(1,111	)		(2,474	)		(3,037	)
Interest expense	$	—		$	—		$	—		$	—
Interest previously capitalized to inventories owned, included in cost of home sales	$	48,912		$	44,636		$	140,687		$	115,367
Interest previously capitalized to inventories owned, included in cost of land sales	$	—		$	115		$	—		$	1,596
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures	$	5		$	613		$	13		$	613
Interest capitalized in ending inventories owned (2)	$	379,884		$	362,807		$	379,884		$	362,807
Interest capitalized as a percentage of inventories owned		5.5	%		5.6	%		5.5	%		5.6	%
Interest capitalized in ending investments in unconsolidated joint ventures (2)	$	5,324		$	3,224		$	5,324		$	3,224
Interest capitalized as a percentage of investments in unconsolidated joint ventures		4.1	%		2.3	%		4.1	%		2.3	%