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Inventory (Tables)
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Components of Inventory

Major components of inventory were as follows ($000’s omitted): 
 
March 31,
2020
 
December 31,
2019
Homes under construction
$
3,276,279

 
$
2,899,016

Land under development
4,132,273

 
4,347,107

Raw land
449,112

 
434,491

 
$
7,857,664

 
$
7,680,614


Capitalized Interest Rollforward Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
March 31,
 
2020
 
2019
Interest in inventory, beginning of period
$
210,383

 
$
227,495

Interest capitalized
39,913

 
42,381

Interest expensed
(36,871
)
 
(34,563
)
Interest in inventory, end of period
$
213,425

 
$
235,313


Schedule Of Company Interests In Land Option Agreements
The following provides a summary of our interests in land option agreements as of March 31, 2020 and December 31, 2019 ($000’s omitted):

 
 
March 31, 2020
 
December 31, 2019
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
130,537

 
$
1,523,601

 
$
123,775

 
$
1,466,585

Other land options
173,045

 
1,807,502

 
175,662

 
1,755,377

 
$
303,582

 
$
3,331,103

 
$
299,437

 
$
3,221,962


Schedule Of Impairment Losses
We recorded the following land-related charges ($000's omitted):
 
 
Three Months Ended
 
 
March 31, 2020
 
Statement of Operations Classification
2020
 
2019
Land impairments
Home sale cost of revenues
$
5,386

 
$

Net realizable value ("NRV") adjustments - land held for sale
Land sale and other cost of revenues
11

 
62

Write-offs of deposits and pre-acquisition costs
Other expense, net
4,332

 
2,917

 
 
$
9,729


$
2,979


Quantitative Unobservable Inputs Utilized In Determining The Fair Value Of Impaired Communities
 
 
Three Months Ended
 
 
March 31, 2020
 
Statement of Operations Classification
2020
 
2019
Land impairments
Home sale cost of revenues
$
5,386

 
$

Net realizable value ("NRV") adjustments - land held for sale
Land sale and other cost of revenues
11

 
62

Write-offs of deposits and pre-acquisition costs
Other expense, net
4,332

 
2,917

 
 
$
9,729


$
2,979