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Fair Value Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis | A summary of assets and liabilities at December 31, 2023 and 2022, related to our financial instruments, measured at fair value for disclosure purposes on a recurring basis, is set forth below (in thousands):
|  |  | December 31, 2023 |  | December 31, 2022
| Hierarchy |  | Book Value |  | Fair Value |  | Book Value |  | Fair Value
Senior Notes (1) | Level 2 |  | $ | 1,099,489 |  |  | $ | 1,066,835 |  |  | $ | 1,098,425 |  |  | $ | 1,040,750 |
Term loan (2) | Level 2 |  | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | 250,000 |
Seller-financed loans (3) | Level 2 |  | $ | 38,337 |  |  | $ | 38,337 |  |  | $ | 37,427 |  |  | $ | 37,427 |
__________ (1)The book value of the Senior Notes is net of discounts, excluding deferred loan costs of $5.2 million and $7.8 million as of December 31, 2023 and 2022, respectively. The estimated fair value of our Senior Notes at December 31, 2023 and 2022 is based on quoted market prices. (2)The estimated fair value of the Term Loan Facility as of December 31, 2023 and 2022 approximated book value due to the variable interest rate terms of these loans. (3)The estimated fair value of our seller-financed loans as of December 31, 2023 and 2022 approximated book value due to the short term nature of these loans.
Schedule of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis | The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands):
|  |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
| Hierarchy |  | Impairment Charge |  | Fair Value Net of Impairment |  | Impairment Charge |  | Fair Value Net of Impairment
Real estate inventories (1) | Level 3 |  | $ | 11,500 |  |  | $ | 39,970 |  |  | $ | — |  |  | $ | — |
(1)Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. Fair Value Net of Impairment represents the fair value of the real estate inventories, net of the impairment charge, as of the date that the fair value measurements were made. The carrying value for these real estate inventories subsequently changed from the fair value reflected due to activity that occurred since the measurement date.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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