XML 40 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventory And Land Held For Sale (Tables)
 3 Months Ended
Mar. 31, 2013
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
 
March 31,
2013
 
December 31,
2012
Homes under construction
$
1,150,459

 
$
1,116,184

Land under development
2,299,029

 
2,435,378

Raw land
663,309

 
662,484

 
$
4,112,797

 
$
4,214,046
Capitalized interest rollforward
Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
 
Three Months Ended
 
March 31,
 
2013
 
2012
Interest in inventory, beginning of period
$
331,880

 
$
355,068

Interest capitalized
42,656

 
51,323

Interest expensed
(53,677
)
 
(47,186
)
Interest in inventory, end of period
$
320,859

 
$
359,205

Interest incurred*
$
42,656

 
$
51,323


*
Homebuilding interest incurred includes interest on senior debt and certain other financing arrangements.
Land Held for Sale
Land held for sale was as follows ($000’s omitted):
 
 
March 31,
2013
 
December 31,
2012
Land held for sale, gross
$
99,443

 
$
135,201

Net realizable value reserves
(7,290
)
 
(44,097
)
Land held for sale, net
$
92,153

 
$
91,104