| Schedule of interest expense |
For the periods reported, interest incurred,
capitalized, and expensed was as follows:
| |
|
Nine Months Ended September 30, |
|
| |
|
2020 |
|
|
2019 |
|
| |
|
(dollars in thousands) |
|
| Related party interest pushed down |
|
$ |
7,300 |
|
|
$ |
12,081 |
|
| Other interest incurred |
|
|
15,972 |
|
|
|
19,697 |
|
| Total interest incurred |
|
|
23,272 |
|
|
|
31,778 |
|
| |
|
|
|
|
|
|
|
|
| Related party interest capitalized |
|
|
7,300 |
|
|
|
12,081 |
|
| Other interest capitalized |
|
|
15,972 |
|
|
|
19,697 |
|
| Total interest capitalized |
|
|
23,272 |
|
|
|
31,778 |
|
| |
|
|
|
|
|
|
|
|
| Previously capitalized related party interest included in cost of sales |
|
$ |
8,653 |
|
|
$ |
7,256 |
|
| Previously capitalized other interest included in cost of sales |
|
|
14,925 |
|
|
|
10,900 |
|
| Related party interest relieved to equity in earnings (loss) from unconsolidated joint ventures |
|
|
903 |
|
|
|
1,630 |
|
| Other interest relieved to equity in earnings (loss) from unconsolidated joint ventures |
|
|
12 |
|
|
|
23 |
|
| Other interest expensed |
|
|
11 |
|
|
|
— |
|
| Total interest expense included in pretax income (loss) |
|
$ |
24,504 |
|
|
$ |
19,809 |
|
|
For the periods reported, interest incurred,
capitalized, and expensed was as follows:
| |
|
Year Ended December 31, |
|
| |
|
2019 |
|
|
2018 |
|
|
2017 |
|
| |
|
(dollars in thousands) |
|
| Related party interest pushed down |
|
$ |
11,115 |
|
|
$ |
16,534 |
|
|
$ |
16,179 |
|
| Other interest incurred |
|
|
24,906 |
|
|
|
24,364 |
|
|
|
4,323 |
|
| Total interest incurred |
|
|
36,021 |
|
|
|
40,898 |
|
|
|
20,502 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Related party interest capitalized |
|
|
11,115 |
|
|
|
16,534 |
|
|
|
16,179 |
|
| Other interest capitalized |
|
|
24,906 |
|
|
|
24,253 |
|
|
|
3,678 |
|
| Total interest capitalized |
|
|
36,021 |
|
|
|
40,787 |
|
|
|
19,857 |
|
| Interest expensed |
|
$ |
— |
|
|
$ |
111 |
|
|
|
645 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Previously capitalized related party interest included in cost of sales |
|
$ |
15,646 |
|
|
$ |
9,164 |
|
|
$ |
2,678 |
|
| Previously capitalized other interest included in cost of sales |
|
|
24,747 |
|
|
|
7,135 |
|
|
|
1,306 |
|
| Related party interest relieved to equity in net income (loss) of unconsolidated joint ventures |
|
|
1,908 |
|
|
|
4,095 |
|
|
|
— |
|
| Other interest relieved to equity in earnings (loss) from unconsolidated joint ventures |
|
|
26 |
|
|
|
58 |
|
|
|
— |
|
| Other interest expensed |
|
|
— |
|
|
|
111 |
|
|
|
645 |
|
| Total interest expense included in pretax income (loss) |
|
$ |
42,327 |
|
|
$ |
20,563 |
|
|
$ |
4,629 |
|
|