Quarterly report [Sections 13 or 15(d)]

Commitment and Contingencies (Tables)

v3.25.1
Commitment and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Liability Estimated future direct warranty reserve and general liability 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 reserve and general liability are detailed in the table below:
Three Months Ended March 31,
2025 2024
(dollars in thousands)
Beginning warranty reserve and general liability $ 50,342  $ 48,949 
Provision 1,865  1,736 
Payments (1,479) (1,584)
Ending warranty reserve and general liability $ 50,728  $ 49,101 
Schedule of Operating Lease Maturity
Future minimum payments under the non-cancelable operating leases in effect at March 31, 2025 were as follows (dollars in thousands):
2025 $ 7,635 
2026 7,132 
2027 4,297 
2028 2,896 
2029 2,859 
Thereafter 3,766 
Total lease payments 28,585 
Less: Discount (4,505)
Present value of lease liabilities $ 24,080