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Payables and Accruals
 9 Months Ended
Sep. 30, 2025
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities Disclosure
A summary of the Company’s accrued expenses is as follows (in thousands):
September 30, 2025December 31, 2024
Federal income tax payable$25,833 $3,749 
Accrued compensation21,972 20,309 
Real estate development reserve to complete(1)
21,904 31,043 
Accrued property tax payable15,280 10,973 
Warranty reserve14,004 17,373 
Self-insurance reserve7,441 5,195 
Other accrued expenses21,089 21,426 
Total accrued expenses$127,523 $110,068 
(1)Our real estate development reserve to complete consists of budgeted costs to complete the development of our communities.

Warranties
Warranty accruals are included within accrued expenses on the condensed consolidated balance sheets. Warranty activity during the three and nine months ended September 30, 2025 and 2024 consisted of the following (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Warranty accrual, beginning of period$18,196 $27,139 $17,373 $23,474 
Warranties issued1,686 3,082 5,230 9,208 
Changes in liability for existing warranties(1)
(4,809)264 (5,102)515 
Payments made(1,069)(1,454)(3,497)(4,166)
Warranty accrual, end of period$14,004 $29,031 $14,004 $29,031