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Capitalized Interest | 9 Months Ended
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Sep. 30, 2012
Capitalized Interest [Abstract] |
capitalized interest [Text Block] | Capitalized Interest The Company capitalizes interest during land development and home construction. Capitalized interest is charged to cost of sales as the related inventory is delivered to a third party. A summary of capitalized interest for the three and nine months ended September 30, 2012 and 2011 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2012 |  | 2011 |  | 2012 |  | 2011
Capitalized interest, beginning of period | $ | 17,967 |  |  | $ | 19,758 |  |  | $ | 18,869 |  |  | $ | 20,075 |
Interest capitalized to inventory | 2,574 |  |  | 2,773 |  |  | 7,128 |  |  | 7,613 |
Capitalized interest charged to cost of sales | (3,755 | ) |  | (2,515 | ) |  | (9,211 | ) |  | (7,672 | )
Capitalized interest, end of period | $ | 16,786 |  |  | $ | 20,016 |  |  | $ | 16,786 |  |  | $ | 20,016 |
Interest incurred — net | $ | 6,573 |  |  | $ | 6,157 |  |  | $ | 19,194 |  |  | $ | 18,497 |

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- Definition Disclosure of the policy for capitalized homebuilding interest, including a rollforward of the balance from beginning of period to end of period. + References No definition available. + Details
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