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Capitalized Interest
 3 Months Ended
Mar. 31, 2018
Capitalized Interest Costs, Including Allowance for Funds Used During Construction [Abstract]  
Capitalized Interest
Capitalized Interest
The Company capitalizes interest costs to land under development during the active development of finished lots.  In addition, the Company capitalizes interest costs to its joint venture investments while the investments are considered qualified assets pursuant to ASC Topic 835-20, Interest. Capitalized interest is transferred to sold or unsold inventory as the development of finished lots is completed, then charged to cost of sales upon the Company’s settlement of homes and the respective lots.  Interest incurred in excess of the interest capitalizable based on the level of qualified assets is expensed in the period incurred.
The following table reflects the changes in the Company's capitalized interest during the three months ended March 31, 2018 and 2017:
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Interest capitalized, beginning of period
 
$
5,583

 
$
5,106

Interest incurred
 
6,595

 
6,559

Interest charged to interest expense
 
(6,282
)
 
(5,836
)
Interest charged to cost of sales
 
(351
)
 
(265
)
Interest capitalized, end of period
 
$
5,545

 
$
5,564