Schedule of Components Of Interest Costs |
For the periods reported, interest incurred, capitalized, and expensed was as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(dollars in thousands) |
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(dollars in thousands) |
Related party interest incurred |
$ |
41 |
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$ |
— |
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$ |
157 |
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$ |
— |
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Other interest incurred |
7,458 |
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6,998 |
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14,593 |
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12,104 |
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Total interest incurred |
7,499 |
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6,998 |
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14,750 |
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12,104 |
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Related party interest capitalized |
41 |
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— |
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157 |
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— |
Other interest capitalized |
7,458 |
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6,998 |
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14,593 |
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12,104 |
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Total interest capitalized |
7,499 |
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6,998 |
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14,750 |
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12,104 |
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Previously capitalized related party interest included in cost of sales |
$ |
1,600 |
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$ |
4,340 |
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$ |
3,117 |
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$ |
7,242 |
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Previously capitalized other interest included in cost of sales |
13,137 |
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6,959 |
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18,009 |
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11,124 |
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Related party interest relieved to equity in income from unconsolidated joint ventures |
34 |
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416 |
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69 |
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764 |
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Other interest relieved to equity in income from unconsolidated joint ventures |
1 |
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6 |
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1 |
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11 |
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Other interest expensed |
— |
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10 |
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— |
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21 |
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Total interest expense included in pretax income |
$ |
14,772 |
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$ |
11,731 |
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$ |
21,196 |
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$ |
19,162 |
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