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Inventory And Land Held For Sale (Tables) | 12 Months Ended
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Dec. 31, 2019
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory at December 31, 2019 and 2018 were ($000’s omitted):
| 2019 |  | 2018
Homes under construction | $ | 2,899,016 |  |  | $ | 2,630,158 |
Land under development | 4,347,107 |  |  | 4,129,225 |
Raw land | 434,491 |  |  | 493,970 |
| $ | 7,680,614 |  |  | $ | 7,253,353 |
Capitalized Interest Rollforward | Activity related to interest capitalized into inventory is as follows ($000’s omitted):
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Interest in inventory, beginning of period | $ | 227,495 |  |  | $ | 226,611 |  |  | $ | 186,097 |
Interest capitalized | 164,114 |  |  | 172,809 |  |  | 181,719 |
Interest expensed | (181,226 | ) |  | (171,925 | ) |  | (141,205 | )
Interest in inventory, end of period | $ | 210,383 |  |  | $ | 227,495 |  |  | $ | 226,611 |
Land-related Charges | recorded the following land-related charges ($000's omitted):
| Statement of Operations Classification |  | 2019 |  | 2018 |  | 2017
Net realizable value adjustments ("NRV") - land held for sale | Land sale cost of revenues |  | $ | 5,368 |  |  | $ | 11,489 |  |  | $ | 83,576 |
Land impairments | Home sale cost of revenues |  | 8,617 |  |  | 70,965 |  |  | 88,952 |
Impairments of unconsolidated entities | Other expense, net |  | — |  |  | — |  |  | 8,018 |
Write-offs of deposits and pre-acquisition costs | Other expense, net |  | 13,116 |  |  | 16,992 |  |  | 11,367 |
Total land-related charges |  |  | $ | 27,101 |  |  | $ | 99,446 |  |  | $ | 191,913 |
Land Held for Sale | The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities ($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 | 5 |  |  | $ | 12,589 |  |  | $ | 8,617 |  |  | $284 to $550 |  | 1 to 6 |  | 12% to 14%
2018 | 8 |  |  | $ | 24,062 |  |  | $ | 70,965 |  |  | $287 to $586 |  | 2 to 11 |  | 12% to 22%
2017 | 9 |  |  | $ | 19,252 |  |  | $ | 88,952 |  |  | $207 to $818 |  | 1 to 11 |  | 12% to 25%

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
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