The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three and six months ended March 31, 2018 and 2017: | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | | 2018 | | 2017 | | 2018 | | 2017 | | | (In millions) | Capitalized interest, beginning of period | | $ | 170.3 |
| | $ | 190.0 |
| | $ | 167.9 |
| | $ | 191.2 |
| Interest incurred (1) | | 31.8 |
| | 33.5 |
| | 62.8 |
| | 67.0 |
| Interest charged to cost of sales | | (32.0 | ) | | (37.3 | ) | | (60.6 | ) | | (72.0 | ) | Capitalized interest, end of period | | $ | 170.1 |
| | $ | 186.2 |
| | $ | 170.1 |
| | $ | 186.2 |
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_______________ | | (1) | Interest incurred includes interest on the Company's mortgage repurchase facility of $2.4 million and $4.5 million in the three and six months ended March 31, 2018, respectively, and $1.8 million and $3.5 million in the same periods of fiscal 2017. Also included in the fiscal 2018 amounts is the interest incurred by Forestar of $1.3 million in the three months ended March 31, 2018 and $1.4 million from the acquisition date through March 31, 2018. |
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