XML 23 R14.htm IDEA: XBRL DOCUMENT v3.23.3
Product Warranties
 9 Months Ended
Sep. 30, 2023
Product Warranties Disclosures [Abstract]  
Product Warranties Product Warranties
We establish warranty and product liability reserves (“Warranty Reserve”) to provide for estimated future expenses as a result of construction and product defects, product recalls and litigation incidental to our homebuilding business. Liability estimates are determined based on management’s judgment, considering such factors as historical experience, the estimated current cost of corrective action, manufacturers’ and subcontractors’ participation in sharing the cost of corrective action, consultations with third party experts such as engineers, and discussions with our general counsel and outside counsel retained to handle specific product liability cases.
The following table reflects the changes in our Warranty Reserve during the three and nine months ended September 30, 2023 and 2022:
 Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Warranty reserve, beginning of period$142,420 $138,240 $144,006 $134,859 
Provision25,503 28,624 69,085 71,142 
Payments(24,129)(23,066)(69,297)(62,203)
Warranty reserve, end of period$143,794 $143,798 $143,794 $143,798