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For the periods reported, interest incurred, capitalized, and expensed was as follows:
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Three Months Ended March 31, |
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2022 |
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2021 |
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(dollars in thousands) |
| Related party interest incurred |
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$ |
116 |
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$ |
— |
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| Other interest incurred |
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7,135 |
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5,106 |
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| Total interest incurred |
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7,251 |
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5,106 |
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| Related party interest capitalized |
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116 |
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— |
| Other interest capitalized |
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7,135 |
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5,106 |
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| Total interest capitalized |
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7,251 |
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5,106 |
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| |
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| Previously capitalized related party interest included in cost of sales |
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$ |
1,517 |
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$ |
2,902 |
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| Previously capitalized other interest included in cost of sales |
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4,872 |
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4,165 |
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| Related party interest relieved to equity in loss from unconsolidated joint ventures |
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35 |
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348 |
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| Other interest relieved to equity in loss from unconsolidated joint ventures |
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— |
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5 |
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| Other interest expensed |
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— |
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11 |
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| Total interest expense included in pretax income (loss) |
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$ |
6,424 |
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$ |
7,431 |
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