Annual report pursuant to Section 13 and 15(d)

Accrued Expenses and Other Liabilities

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Accrued Expenses and Other Liabilities
 12 Months Ended
Dec. 31, 2021
Payables and Accruals [Abstract]  
Accrued Expenses and Other Liabilities Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following:
December 31,
2021 2020
(dollars in thousands)
Land development and home construction accrual $ 22,082  $ 25,910 
Warranty accrual 15,692  11,730 
Accrued compensation and benefits 14,913  10,966 
Lease liabilities 13,190  6,396 
Sales tax payable 2,885  1,867 
Income tax payable 12,079  1,355 
Interest payable 2,494  1,134 
Deferred revenue 3,969  — 
Homebuyer deposits 7,825  17 
Other deposits and liabilities 2,595  3,494 
Total accrued expenses and other liabilities $ 97,724  $ 62,869 
Changes in the Company's warranty accrual are detailed in the table below:
December 31,
2021 2020
(dollars in thousands)
Beginning warranty accrual $ 11,730  $ 8,693 
Warranty provision 6,013  3,843 
Warranty payments (2,051) (806)
Ending warranty accrual $ 15,692  $ 11,730