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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 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
June 30, 2021December 31, 2020
ROU assets$18,546 $21,624 
Lease liabilities24,439 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
 June 30, 2021December 31, 2020
 OutstandingEstimated work
remaining to
complete		OutstandingEstimated work
remaining to
complete
Sureties:
Sureties related to owned projects and lots under contract$612,942 $326,213 $478,788 $216,708 
Total Sureties$612,942 $326,213 $478,788 $216,708 
Letters of Credit (“LOCs”):
LOCs for land development70,745 N/A93,661 N/A
LOCs for general corporate operations3,375 N/A3,750 N/A
Total LOCs$74,120 N/A$97,411 N/A
Schedule of Accrued Liabilities Accrued liabilities at June 30, 2021 and December 31, 2020 consisted of the following (in thousands):
As of
 June 30, 2021December 31, 2020
Accruals related to real estate development and construction activities$106,766 $92,701 
Payroll and other benefits68,150 88,337 
Accrued interest7,280 8,457 
Accrued taxes29,695 34,373 
Warranty reserves25,065 23,743 
Lease liabilities24,439 28,254 
Other accruals21,367 20,256 
Total$282,762 $296,121 
Summary of Changes in Warranty Reserves A summary of changes in our warranty reserves follows (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2021202020212020
Balance, beginning of period$23,767 $22,090 $23,743 $22,015 
Additions to reserve from new home deliveries4,514 4,218 8,324 8,028 
Warranty claims(3,216)(4,730)(7,002)(8,465)
Adjustments to pre-existing reserves— — — — 
Balance, end of period$25,065 $21,578 $25,065 $21,578