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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Property and Equipment, net
At December 31, 2016 and 2015, property and equipment, net consisted of the following (in thousands):
 
 
At December 31,
 
 
2016
 
2015
Computer and office equipment
 
$
35,288

 
$
32,216

Model home furnishings
 
45,767

 
41,252

Gross property and equipment
 
81,055

 
73,468

Accumulated depreciation
 
(47,853
)
 
(39,498
)
Total
 
$
33,202

 
$
33,970
Schedule of Accrued Liabilities
Accrued liabilities at December 31, 2016 and 2015 consisted of the following (in thousands):
 
 
At December 31,
 
 
2016
 
2015
Accruals related to real estate development and construction activities
 
$
53,778

 
$
37,509

Payroll and other benefits
 
52,941

 
41,240

Accrued taxes
 
9,637

 
9,950

Warranty reserves
 
22,660

 
21,615

Legal reserves
 
673

 
18,812

Other accruals
 
31,163

 
32,037

Total
 
$
170,852

 
$
161,163
Schedule of Surety Bond and Letter of Credit Obligations
The table below outlines our surety bond and letter of credit obligations (in thousands):
 
 
At December 31,
 
 
2016
 
2015
 
 
Outstanding
 
Estimated work
remaining to
complete (unaudited)
 
Outstanding
 
Estimated work
remaining to
complete (unaudited)
Sureties:
 
 
 
 
 
 
 
 
Sureties related to joint ventures
 
$
—

 
$
—

 
$
87

 
$
87

Sureties related to owned projects and lots under contract
 
239,246

 
85,706

 
250,639

 
103,200

Total Sureties
 
$
239,246

 
$
85,706

 
$
250,726

 
$
103,287

Letters of Credit (“LOCs”):
 
 
 
 
 
 
 
 
LOCs in lieu of deposits for contracted lots
 
$
250

 
N/A

 
$
—

 
N/A

LOCs for land development
 
39,839

 
N/A

 
23,934

 
N/A

LOCs for general corporate operations
 
3,750

 
N/A

 
3,750

 
N/A

Total LOCs
 
$
43,839

 
N/A

 
$
27,684

 
N/A
Summary of Changes in Warranty Reserves
A summary of changes in our warranty reserves follows (in thousands):
 
 
Years Ended December 31,
 
 
2016
 
2015
Balance, beginning of year
 
$
21,615

 
$
22,080

Additions to reserve from new home deliveries
 
16,776

 
12,924

Warranty claims
 
(14,719
)
 
(14,508
)
Adjustments to pre-existing reserves
 
(1,012
)
 
1,119

Balance, end of year
 
$
22,660

 
$
21,615