Interest

Our ability to capitalize interest incurred during the fiscal years ended September 30, 2015, 2014 and 2013 was limited by our inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Capitalized interest in inventory, beginning of period	$	87,619		$	52,562		$	38,190
Interest incurred	121,754			126,906			115,076
Capitalized interest impaired	—			(245		)	—
Interest expense not qualified for capitalization and included as other expense ^(a)	(29,752		)	(50,784		)	(59,458		)
Capitalized interest amortized to house construction and land sales expenses ^(b)	(56,164		)	(40,820		)	(41,246		)
Capitalized interest in inventory, end of period	$	123,457		$	87,619		$	52,562

^(a)The amount of interest we are able to capitalize is dependent upon our qualified inventory balance, which considers the status of our inventory holdings. Our qualified inventory balance includes the majority of our homes under construction and development projects in progress, but excludes land held for future development and land held for sale.

^(b)Capitalized interest amortized to house construction and land sale expenses varies based on the number of homes closed during the period and land sales, if any, as well as other factors.