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Inventory (Tables)
 9 Months Ended
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
%