Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Liabilities (Tables)

v3.21.2
Accrued Expenses and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2021
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following:
June 30, 2021 December 31, 2020
(dollars in thousands)
Land development and home construction accrual $ 23,668  $ 25,910 
Warranty accrual 13,595  11,730 
Accrued compensation and benefits 5,653  10,966 
Lease liabilities 6,949  6,396 
Interest payable 2,080  1,134 
Income tax payable 2,839  1,355 
Deferred revenue 6,173  — 
Sales tax payable 916  1,867 
Other deposits and liabilities 8,913  3,511 
Total accrued expenses and other liabilities $ 70,786  $ 62,869 
Schedule of Product Warranty Liability Changes in the Company’s warranty accrual are detailed in the table below:
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
(dollars in thousands)
Beginning warranty accrual $ 12,020  $ 9,296  $ 11,730  $ 8,693 
Warranty provision 1,948  686  2,865  1,393 
Warranty payments (373) (97) (1,000) (201)
Ending warranty accrual $ 13,595  $ 9,885  $ 13,595  $ 9,885