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Inventory | 6 Months Ended
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Jun. 30, 2022
Inventory Disclosure [Abstract] |
Inventory | 2. INVENTORY A summary of inventory is as follows (in thousands):
| June 30, 2022 |  | December 31, 2021
Homes completed or under construction | $ | 628,482 |  |  | $ | 544,258 |
Land and lots - developed and under development | 728,342 |  |  | 620,129 |
Land held for sale | 12,376 |  |  | 39,356 |
Total inventory | $ | 1,369,200 |  |  | $ | 1,203,743 |
A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Interest capitalized at beginning of period | $ | 20,751 |  |  | $ | 18,380 |  | $ | 19,950 |  |  | $ | 17,520 |
Interest incurred | 4,045 |  |  | 3,250 |  | 7,779 |  |  | 6,101 |
Interest charged to cost of revenues | (4,376) |  |  | (2,670) |  | (7,309) |  |  | (4,661) |
Interest capitalized at end of period | $ | 20,420 |  |  | $ | 18,960 |  | $ | 20,420 |  |  | $ | 18,960 |
Capitalized interest as a percentage of inventory | 1.5 | % |  | 1.7 | % |  |  |  |
As of June 30, 2022, 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 June 30, 2022, the Company did not identify any selling communities with indicators of impairment. For the three and six months ended June 30, 2022 and 2021, the Company did not record an impairment adjustment to reduce the carrying value of impaired communities to fair value.

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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 https://asc.fasb.org/topic&trid=2126998 + Details
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