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Organization and Basis of Presentation (Tables) | 9 Months Ended
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Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Letter of credit and surety bond obligations | The table below outlines our surety bond and letter of credit obligations (in thousands):
| At September 30, 2014 |  | At December 31, 2013
| Outstanding |  | Estimated work remaining to complete |  | Outstanding |  | Estimated work remaining to complete
Surety Bonds: |  |  |  |  |  |  |
Surety bonds related to joint ventures | $ | 87 |  |  | $ | 87 |  |  | $ | 87 |  |  | $ | 87 |
Surety bonds related to owned projects and lots under contract | 249,510 |  |  | 95,778 |  |  | 191,742 |  |  | 86,115 |
Total surety bonds | $ | 249,597 |  |  | $ | 95,865 |  |  | $ | 191,829 |  |  | $ | 86,202 |
Letters of Credit (“LOCs”): |  |  |  |  |  |  |
LOCs in lieu of deposits for contracted lots | $ | 1,200 |  |  | N/A |  |  | $ | 1,685 |  |  | N/A |
LOCs for land development | 18,586 |  |  | N/A |  |  | 35,883 |  |  | N/A |
LOCs for general corporate operations | 4,500 |  |  | N/A |  |  | 4,500 |  |  | N/A |
Total LOCs | $ | 24,286 |  |  | N/A |  |  | $ | 42,068 |  |  | N/A |
Accrued liabilities | Accrued liabilities consist of the following (in thousands):
| At September 30, 2014 |  | At December 31, 2013
Accruals related to real-estate development and construction activities | $ | 38,463 |  |  | $ | 29,992 |
Payroll and other benefits | 34,942 |  |  | 36,232 |
Accrued taxes | 12,878 |  |  | 22,902 |
Warranty reserves | 21,454 |  |  | 21,971 |
Legal reserves | 15,747 |  |  | 16,463 |
Real-estate notes payable (1) | 16,574 |  |  | 15,993 |
Other accruals | 28,526 |  |  | 23,058 |
Total | $ | 168,584 |  |  | $ | 166,611 |
(1) Reflects balance of non-recourse notes payable made in connection with land purchases.
Warranty reserves | A summary of changes in our warranty reserves follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Balance, beginning of period | $ | 20,882 |  |  | $ | 21,844 |  |  | $ | 21,971 |  |  | $ | 22,064 |
Additions to reserve from new home deliveries | 3,023 |  |  | 2,818 |  |  | 8,058 |  |  | 8,055 |
Warranty claims | (2,451 | ) |  | (2,405 | ) |  | (9,075 | ) |  | (7,862 | )
Adjustments to pre-existing reserves | — |  |  | — |  |  | 500 |  |  | — |
Balance, end of period | $ | 21,454 |  |  | $ | 22,257 |  |  | $ | 21,454 |  |  | $ | 22,257 |

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- Definition The tabular disclosure of the Company's other off-balance sheet financing arrangements including a detailed description of the letters of credit and surety bond obligations. + References No definition available. + Details
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- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
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