Interest

Our ability to capitalize all interest incurred during the fiscal years ended September 30, 2013, 2012, and 2011 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest:



	Fiscal Year Ended September 30,
(In thousands)	2013			2012			2011
Capitalized interest in inventory, beginning of period	$	38,190		$	45,973		$	36,884
Interest incurred	115,076			124,918			130,818
Capitalized interest impaired	—			(275		)	(1,907		)
Interest expense not qualified for capitalization and included as other expense	(59,458		)	(71,474		)	(73,440		)
Capitalized interest amortized to house construction and land sales expenses	(41,246		)	(60,952		)	(46,382		)
Capitalized interest in inventory, end of period	$	52,562		$	38,190		$	45,973