Interest

Our ability to capitalize all interest incurred during the fiscal years ended September 30, 2014, 2013 and 2012 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)	2014			2013			2012
Capitalized interest in inventory, beginning of period	$	52,562		$	38,190		$	45,973
Interest incurred	126,906			115,076			124,918
Capitalized interest impaired	(245		)	—			(275		)
Interest expense not qualified for capitalization and included as other expense	(50,784		)	(59,458		)	(71,474		)
Capitalized interest amortized to house construction and land sales expenses	(40,820		)	(41,246		)	(60,952		)
Capitalized interest in inventory, end of period	$	87,619		$	52,562		$	38,190