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Payables and Accruals | 12 Months Ended
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Dec. 31, 2023
Payables and Accruals [Abstract] |
Accounts Payable and Accrued Liabilities Disclosure | 7. ACCRUED EXPENSES A summary of the Company’s accrued expenses is as follows (in thousands):
|  | December 31, 2023 |  | December 31, 2022
Real estate development reserve to complete(1) |  | 26,063 |  |  | 28,793 |
Warranty reserve |  | 23,474 |  |  | 17,945 |
Accrued compensation |  | 14,960 |  |  | 13,917 |
Accrued property tax payable |  | 5,003 |  |  | 4,047 |
Other accrued expenses |  | 26,957 |  |  | 26,579 |
Total accrued expenses |  | 96,457 |  |  | 91,281 |
(1)Our real estate development reserve to complete consists of estimated payments for future costs to complete the development of our communities. Warranties Warranty activity, included in accrued expenses in our consolidated balance sheets, consists of the following (in thousands):
| December 31, 2023 |  | December 31, 2022
Warranty accrual, beginning of period | $ | 17,945 |  |  | $ | 9,378 |
Warranties issued | 10,307 |  |  | 8,295 |
Changes in liability for existing warranties | 433 |  |  | 4,559 |
Payments made | (5,211) |  |  | (4,287) |
Warranty accrual, end of period | $ | 23,474 |  |  | $ | 17,945 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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