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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment, net

At December 31, 2021 and 2020, property and equipment, net consisted of the following (in thousands):

						At December 31,
						2021						2020
Computer and office equipment						$	62,806					$	59,407
Model home furnishings and capitalized sales office costs						61,112						76,398
Gross property and equipment						123,918						135,805
Accumulated depreciation						(86,578)						(96,872)
Total						$	37,340					$	38,933

Schedule of Accrued Liabilities

Accrued liabilities at December 31, 2021 and 2020 consisted of the following (in thousands):

						At December 31,
						2021						2020
Accruals related to real estate development and construction activities						$	115,214					$	92,701
Payroll and other benefits						102,773						88,337
Accrued interest						5,556						8,457
Accrued taxes						37,297						34,373
Warranty reserves						26,264						23,743
Lease liabilities (1)						26,171						28,254
Other accruals						24,002						20,256
Total						$	337,277					$	296,121

(1)Refer to Note 4 for additional information related to our leases.

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,
						2021												2020
						Outstanding						Estimated work remaining to complete (unaudited)						Outstanding						Estimated work remaining to complete (unaudited)
Sureties:
Sureties related to owned projects and lots under contract						620,297						352,152						478,788						216,708
Total Sureties						$	620,297					$	352,152					$	478,788					$	216,708
Letters of Credit (“LOCs”):
LOCs for land development						57,396						N/A						93,661						N/A
LOCs for general corporate operations						5,000						N/A						3,750						N/A
Total LOCs						$	62,396					N/A						$	97,411					N/A

Summary of Changes in Warranty Reserves

A summary of changes in our warranty reserves follows (in thousands):

						Years Ended December 31,
						2021						2020
Balance, beginning of year						$	23,743					$	22,015
Additions to reserve from new home deliveries						17,883						18,503
Warranty claims						(15,362)						(16,775)
Adjustments to pre-existing reserves						—						—
Balance, end of year						$	26,264					$	23,743

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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.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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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.

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