Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies (Tables)

v3.24.2.u1
Commitment and Contingencies (Tables)
6 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Liability Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Changes in the Company’s warranty accrual are detailed in the table below:
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
(dollars in thousands)
Beginning warranty accrual $ 49,101  $ 46,230  $ 48,949  $ 46,657 
Warranty provision 2,535  1,263  4,271  2,174 
Warranty payments (2,374) (1,266) (3,958) (2,604)
Ending warranty accrual $ 49,262  $ 46,227  $ 49,262  $ 46,227 
Schedule of Operating Lease Maturity
Future minimum payments under the noncancelable operating leases in effect at June 30, 2024 were as follows (dollars in thousands):
2024 $ 5,293 
2025 8,862 
2026 5,608 
2027 3,456 
2028 2,384 
Thereafter 4,958 
Total lease payments 30,561 
Less: Discount (4,546)
Present value of lease liabilities $ 26,015