Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Liabilities (Tables)

v3.22.1
Accrued Expenses and Other Liabilities (Tables)
 3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following:
March 31, 2022 December 31, 2021
(dollars in thousands)
Land development and home construction accrual $ 24,560  $ 22,082 
Warranty accrual 16,757  15,692 
Accrued compensation and benefits 9,042  14,913 
Lease liabilities 12,547  13,190 
Sales tax payable 1,740  2,885 
Income tax payable 17,406  12,079 
Interest payable 3,220  2,494 
Deferred revenue 1,075  3,969 
Homebuyer deposits 24,439  7,825 
Other deposits and liabilities 5,801  2,595 
Total accrued expenses and other liabilities $ 116,587  $ 97,724 
Schedule of Product Warranty Liability Changes in the Company’s warranty accrual are detailed in the table below:
Three Months Ended March 31,
2022 2021
(dollars in thousands)
Beginning warranty accrual $ 15,692  $ 11,730 
Warranty provision 1,601  917 
Warranty payments (536) (627)
Ending warranty accrual $ 16,757  $ 12,020