XML 19 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interest
 9 Months Ended
Jun. 30, 2013
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, 2013 and 2012 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest:
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
(In thousands)
2013
 
2012
 
2013
 
2012
Capitalized interest in inventory, beginning of period
$
45,501

 
$
47,242

 
$
38,190

 
$
45,973

Interest incurred
28,766

 
31,235

 
86,361

 
95,950

Capitalized interest impaired
—

 
(222
)
 
—

 
(275
)
Interest expense not qualified for capitalization and included as other expense
(14,252
)
 
(17,233
)
 
(46,709
)
 
(55,147
)
Capitalized interest amortized to house construction and land sales expenses
(9,996
)
 
(15,649
)
 
(27,823
)
 
(41,128
)
Capitalized interest in inventory, end of period
$
50,019

 
$
45,373

 
$
50,019

 
$
45,373