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Inventory (Tables) | 9 Months Ended
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Sep. 30, 2019
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| September 30, 2019 |  | December 31, 2018
Homes under construction | $ | 3,144,251 |  |  | $ | 2,630,158 |
Land under development | 4,254,048 |  |  | 4,129,225 |
Raw land | 431,760 |  |  | 493,970 |
| $ | 7,830,059 |  |  | $ | 7,253,353 |
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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Interest in inventory, beginning of period | $ | 234,709 |  |  | $ | 243,627 |  |  | $ | 227,495 |  |  | $ | 226,611 |
Interest capitalized | 39,893 |  |  | 42,743 |  |  | 123,924 |  |  | 130,474 |
Interest expensed | (46,040 | ) |  | (43,583 | ) |  | (122,857 | ) |  | (114,298 | )
Interest in inventory, end of period | $ | 228,562 |  |  | $ | 242,787 |  |  | $ | 228,562 |  |  | $ | 242,787 |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of September 30, 2019 and December 31, 2018 ($000’s omitted):
| September 30, 2019 |  | December 31, 2018
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price
Land options with VIEs | $ | 120,490 |  |  | $ | 1,238,526 |  |  | $ | 90,717 |  |  | $ | 1,079,507 |
Other land options | 167,067 |  |  | 2,017,422 |  |  | 127,851 |  |  | 1,522,903 |
| $ | 287,557 |  |  | $ | 3,255,948 |  |  | $ | 218,568 |  |  | $ | 2,602,410 |
Schedule Of Impairment Losses | We recorded the following land-related charges ($000's omitted):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
| Statement of Operations Classification | 2019 |  | 2018 |  | 2019 |  | 2018
Land impairments | Home sale cost of revenues | $ | 5,919 |  |  | $ | 3,502 |  |  | $ | 6,007 |  |  | $ | 4,054 |
Net realizable value ("NRV") adjustments - land held for sale | Land sale cost of revenues | 2,366 |  |  | 1,494 |  |  | 3,654 |  |  | 2,521 |
Write-offs of deposits and pre-acquisition costs | Other expense, net | 2,455 |  |  | 3,136 |  |  | 7,888 |  |  | 7,398 |
|  | $ | 10,740 |  |  | $ | 8,132 |  |  | $ | 17,549 |  |  | $ | 13,973 |
Quantitative Unobservable Inputs Utilized In Determining The Fair Value Of Impaired Communities | The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities during the nine months ended September 30, 2019 and 2018 ($000's omitted):
| Communities Impaired |  | Fair Value of Communities Impaired, Net of Impairment Charges |  | Impairment Charges |  | Average Selling Price |  | Quarterly Sales Pace (homes) |  | Discount Rate
2019 | 2 |  |  | $ | 2,610 |  |  | $ | 6,007 |  |  | $466 to $550 |  | 1 to 3 |  | 12% to 14% |
2018 | 2 |  |  | $ | 5,809 |  |  | $ | 4,054 |  |  | $512 to $586 |  | 3 to 4 |  | 12 | %

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