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Inventory (Tables) | 9 Months Ended
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Sep. 30, 2017
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| September 30, 2017 |  | December 31, 2016
Homes under construction | $ | 2,737,849 |  |  | $ | 1,921,259 |
Land under development | 4,066,748 |  |  | 4,072,109 |
Raw land | 565,555 |  |  | 777,287 |
| $ | 7,370,152 |  |  | $ | 6,770,655 |
Capitalized Interest Rollforward | Information related to interest capitalized into inventory is as follows ($000’s omitted):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Interest in inventory, beginning of period | $ | 212,850 |  |  | $ | 167,488 |  |  | $ | 186,097 |  |  | $ | 149,498 |
Interest capitalized | 46,077 |  |  | 42,030 |  |  | 135,949 |  |  | 115,545 |
Interest expensed | (36,381 | ) |  | (32,857 | ) |  | (99,500 | ) |  | (88,382 | )
Interest in inventory, end of period | $ | 222,546 |  |  | $ | 176,661 |  |  | $ | 222,546 |  |  | $ | 176,661 |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of September 30, 2017 and December 31, 2016 ($000’s omitted):
| September 30, 2017 |  | December 31, 2016
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price
Land options with VIEs | $ | 73,652 |  |  | $ | 792,407 |  |  | $ | 68,527 |  |  | $ | 849,901 |
Other land options | 128,168 |  |  | 1,475,258 |  |  | 126,909 |  |  | 1,252,662 |
| $ | 201,820 |  |  | $ | 2,267,665 |  |  | $ | 195,436 |  |  | $ | 2,102,563 |
Schedule Of Impairment Losses | As a consequence of the change in strategy with respect to the future use of these land parcels, we recorded land-related charges totaling $120.0 million related to inventory with a pre-impairment carrying value of $161.9 million in the nine months ended September 30, 2017. As a result of this review, we also recorded $5.1 million of write-offs of deposits and pre-acquisition costs related to land option contracts we no longer plan to pursue in the nine months ended September 30, 2017. In total, we recorded the following overall land-related charges ($000's omitted):
|  |  | Three Months Ended |  | Nine Months Ended
| Statement of Operations Classification |  | September 30, |  | September 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Land inventory impairments | Home sale cost of revenues |  | $ | — |  |  | $ | — |  |  | $ | 31,487 |  |  | $ | — |
Net realizable value adjustments ("NRV") - land held for sale | Land sale cost of revenues |  | (534 | ) |  | 121 |  |  | 82,353 |  |  | 189 |
Impairments of unconsolidated entities | Other expense, net |  | — |  |  | — |  |  | 8,017 |  |  | — |
Write-offs of deposits and pre-acquisition costs | Other expense, net |  | 2,680 |  |  | 2,541 |  |  | 9,397 |  |  | 12,996 |
Total land-related charges |  |  | $ | 2,146 |  |  | $ | 2,662 |  |  | $ | 131,254 |  |  | $ | 13,185 |

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