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Interest
9 Months Ended
Jun. 30, 2012
Real Estate Inventory Capitalized Interest Costs [Abstract]  
Interest
Interest
Our ability to capitalize all interest incurred during the three and nine months ended June 30, 2012 and 2011 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest (in thousands):

 
Three Months Ended
 
Nine Months Ended
 
June 30,
 
June 30,
 
2012
 
2011
 
2012
 
2011
Capitalized interest in inventory, beginning of period
$
47,242

 
$
47,624

 
$
45,973

 
$
36,884

Interest incurred
31,235

 
32,872

 
95,950

 
98,175

Capitalized interest impaired
(222
)
 
(380
)
 
(275
)
 
(1,789
)
Interest expense not qualified for capitalization and included as other expense
(17,233
)
 
(17,707
)
 
(55,147
)
 
(55,688
)
Capitalized interest amortized to house construction and land sales expenses
(15,649
)
 
(11,179
)
 
(41,128
)
 
(26,352
)
Capitalized interest in inventory, end of period
$
45,373

 
$
51,230

 
$
45,373

 
$
51,230