Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies (Tables)

v3.24.3
Commitment and Contingencies (Tables)
9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
2024 2023 2024 2023
(dollars in thousands)
Beginning warranty accrual $ 49,262  $ 46,227  $ 48,949  $ 46,657 
Warranty provision 1,757  2,988  6,028  5,162 
Warranty payments (2,635) (3,547) (6,593) (6,151)
Ending warranty accrual $ 48,384  $ 45,668  $ 48,384  $ 45,668 
Schedule of Operating Lease Maturity
Future minimum payments under the noncancelable operating leases in effect at September 30, 2024 were as follows (dollars in thousands):
2024 $ 2,758 
2025 9,508 
2026 6,193 
2027 3,770 
2028 2,576 
Thereafter 5,535 
Total lease payments 30,340 
Less: Discount (4,473)
Present value of lease liabilities $ 25,867