XML 30 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventory (Tables)
 6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
 
June 30,
2016
 
December 31,
2015
Homes under construction
$
2,058,479

 
$
1,408,260

Land under development
3,704,857

 
3,259,066

Raw land
866,128

 
782,732

 
$
6,629,464

 
$
5,450,058
Capitalized Interest Rollforward
Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
Interest in inventory, beginning of period
$
158,653

 
$
166,887

 
$
149,498

 
$
167,638

Interest capitalized
38,231

 
31,296

 
73,515

 
62,099

Interest expensed
(29,396
)
 
(33,799
)
 
(55,525
)
 
(65,353
)
Interest in inventory, end of period
$
167,488

 
$
164,384

 
$
167,488

 
$
164,384
Schedule Of Company Interests In Land Option Agreements
The following provides a summary of our interests in land option agreements as of June 30, 2016 and December 31, 2015 ($000’s omitted): 
 
June 30, 2016
 
December 31, 2015
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
80,063

 
$
928,327

 
$
77,641

 
$
1,064,506

Other land options
98,744

 
1,165,813

 
84,478

 
981,687

 
$
178,807

 
$
2,094,140

 
$
162,119

 
$
2,046,193