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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property and Equipment, net

At December 31, 2022 and 2021, property and equipment, net consisted of the following (in thousands):

						At December 31,
						2022						2021
Computer and office equipment						$	66,027					$	62,806
Model home furnishings and capitalized sales office costs						57,229						61,112
Gross property and equipment						123,256						123,918
Accumulated depreciation						(84,621)						(86,578)
Total						$	38,635					$	37,340

Schedule of Accrued Liabilities

Accrued liabilities at December 31, 2022 and 2021 consisted of the following (in thousands):

						At December 31,
						2022						2021
Accruals related to real estate development and construction activities						$	139,447					$	115,214
Payroll and other benefits						110,338						102,773
Accrued interest						7,026						5,556
Accrued taxes						25,182						37,297
Warranty reserves						35,575						26,264
Lease liabilities (1)						22,782						26,171
Other accruals						20,265						24,002
Total						$	360,615					$	337,277

(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,
						2022												2021
						Outstanding						Estimated work remaining to complete (unaudited)						Outstanding						Estimated work remaining to complete (unaudited)
Sureties:
Sureties related to owned projects and lots under contract						926,928						616,028						620,297						352,152
Total Sureties						$	926,928					$	616,028					$	620,297					$	352,152
Letters of Credit (“LOCs”):
LOCs for land development						49,442						N/A						57,396						N/A
LOCs for general corporate operations						5,000						N/A						5,000						N/A
Total LOCs						$	54,442					N/A						$	62,396					N/A

Summary of Changes in Warranty Reserves

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

						Years Ended December 31,
						2022						2021
Balance, beginning of year						$	26,264					$	23,743
Additions to reserve from new home deliveries						22,198						17,883
Warranty claims						(23,803)			(1)			(15,362)
Adjustments to pre-existing reserves						10,916						—
Balance, end of year						$	35,575					$	26,264

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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.

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- Definition

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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