v3.10.0.1

Land and Other Inventories (Tables) | 6 Months Ended
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Jun. 30, 2018
Land and Other Inventories |
Land and Other Inventories | As of June 30, 2018 and December 31, 2017, land and other inventories consisted of the following (in thousands):
|  | June 30, 2018 |  | December 31, 2017 |
Land held for future development |  | $ | 29,760 |  | $ | 29,312 |
Land developed and in process of development |  |  | 387,056 |  |  | 351,798 |
Homes completed or under construction |  |  | 314,736 |  |  | 222,741 |
Total |  | $ | 731,552 |  | $ | 603,851 |
Interest incurred, capitalized and expensed | The following table represents interest incurred, interest capitalized, and interest expense for the three and six months ended June 30, 2018 and 2017 (in thousands):
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2018 |  | 2017 |  | 2018 |  | 2017 |
Interest incurred |  | $ | 8,518 |  | $ | 9,318 |  | $ | 17,036 |  | $ | 15,523 |
Interest capitalized |  |  | (5,506) |  |  | (5,633) |  |  | (10,633) |  |  | (11,001) |
Interest expense |  | $ | 3,012 |  | $ | 3,685 |  | $ | 6,403 |  | $ | 4,522 |

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