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Inventory | 3 Months Ended
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Sep. 30, 2020
Inventory Disclosure [Abstract] |
Inventory | INVENTORY A summary of inventory is as follows (in thousands):
| September 30, 2020 |  | December 31, 2019
Homes completed or under construction | $ | 302,070 |  |  | $ | 314,966 |
Land and lots - developed and under development | 470,791 |  |  | 437,553 |
Land held for sale | 6,499 |  |  | 1,048 |
Total inventory | $ | 779,360 |  |  | $ | 753,567 |
A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Interest capitalized at beginning of period | $ | 18,791 |  |  | $ | 17,199 |  | $ | 18,596 |  |  | $ | 14,780 |
Interest incurred | 2,010 |  |  | 3,052 |  | 7,677 |  |  | 9,066 |
Interest charged to cost of revenues | (2,999) |  |  | (2,324) |  | (8,471) |  |  | (5,919) |
Interest capitalized at end of period | $ | 17,802 |  |  | $ | 17,927 |  | $ | 17,802 |  |  | $ | 17,927 |
Capitalized interest as a percentage of inventory | 2.3 | % |  | 2.5 | % |  | 2.3 | % |  | 2.5 | %
As of September 30, 2020, the Company reviewed the performance and outlook for all of its communities for indicators of potential impairment and performed detailed impairment analysis when necessary. As of September 30, 2020, the Company performed impairment analysis of the selling communities with indicators of impairment with a combined corresponding carrying value of approximately $8.2 million. For the three and nine months ended September 30, 2020, the Company recorded $0.0 million and a de minimis impairment adjustment, respectively, to reduce the carrying value of impaired communities to fair value. There was no impairment adjustment related to inventory recorded during the three months ended September 30, 2019. An impairment adjustment of $0.1 million to reduce the carrying value of impaired communities to fair value was recorded for the nine months ended September 30, 2019.

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- References No definition available. + Details
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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