Quarterly report pursuant to Section 13 or 15(d)

Commitment and Contingencies (Tables)

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Commitment and Contingencies (Tables)
3 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Liability Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Changes in the Company’s warranty accrual are detailed in the table below:
Three Months Ended March 31,
2024 2023
(dollars in thousands)
Beginning warranty accrual $ 48,949  $ 46,657 
Warranty provision 1,736  911 
Warranty payments (1,584) (1,338)
Ending warranty accrual $ 49,101  $ 46,230 
Schedule of Operating Lease Maturity
Future minimum payments under the noncancelable operating leases in effect at March 31, 2024 were as follows (dollars in thousands):
2024 $ 2,492 
2025 2,710 
2026 2,554 
2027 2,768 
2028 2,384 
Thereafter 4,958 
Total lease payments 17,866 
Less: Discount (2,973)
Present value of lease liabilities $ 14,893