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Inventory And Land Held For Sale (Tables)
 12 Months Ended
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%