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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Lease, Cost
The table below outlines our ROU assets and lease liabilities (in thousands):
As of
March 31, 2021December 31, 2020
ROU assets$20,139 $21,624 
Lease liabilities26,433 28,254 
Schedule of Surety Bond and Letter of Credit Obligations
The table below outlines our surety bond and letter of credit obligations (in thousands):
As of
 March 31, 2021December 31, 2020
 OutstandingEstimated work
remaining to
complete		OutstandingEstimated work
remaining to
complete
Sureties:
Sureties related to owned projects and lots under contract$554,692 $262,977 $478,788 $216,708 
Total Sureties$554,692 $262,977 $478,788 $216,708 
Letters of Credit (“LOCs”):
LOCs for land development91,277 N/A93,661 N/A
LOCs for general corporate operations3,375 N/A3,750 N/A
Total LOCs$94,652 N/A$97,411 N/A
Schedule of Accrued Liabilities Accrued liabilities at March 31, 2021 and December 31, 2020 consisted of the following (in thousands):
As of
 March 31, 2021December 31, 2020
Accruals related to real estate development and construction activities$103,169 $92,701 
Payroll and other benefits48,185 88,337 
Accrued interest23,892 8,457 
Accrued taxes64,945 34,373 
Warranty reserves23,767 23,743 
Lease liabilities26,433 28,254 
Other accruals20,136 20,256 
Total$310,527 $296,121 
Summary of Changes in Warranty Reserves
A summary of changes in our warranty reserves follows (in thousands):
 Three Months Ended March 31,
 20212020
Balance, beginning of period$23,743 $22,015 
Additions to reserve from new home deliveries3,810 3,810 
Warranty claims(3,786)(3,735)
Adjustments to pre-existing reserves— — 
Balance, end of period$23,767 $22,090