Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Summary of Other Liabilities

At June 30, 2012 and December 31, 2011, other liabilities were as follows:

	June 30, 2012		December 31, 2011
	(In thousands)
Completed operations	$	117,129	$	109,390
Warranty reserves		16,346		17,358
Deferred revenue		26,886		20,329
Provisions for closed homes/communities		8,842		13,156
Deposits		16,569		7,766
Legal reserves		7,146		5,824
Accrued interest		8,086		8,122
Accrued compensation and benefits		3,805		2,109
Distributions payable		3,073		3,344
Deficit Distributions (see Note 8)		846		928
Other		7,368		11,325
Total other liabilities	$	216,096	$	199,651

Changes in Completed Operations

For the three and six months ended June 30, 2012 and 2011, changes in completed operations were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)
Insured completed operations
Balance, beginning of the period	$	103,980		$	116,939		$	109,390		$	102,860
Reserves provided		17,517			2,518			18,908			1,174
Insurance purchased		0			0			0			16,520
Claims paid		(4,368	)		(4,354	)		(11,169	)		(5,451	)
Balance, end of the period		117,129			115,103			117,129			115,103
Self-insured completed operations
Balance, beginning of the period		0			0			0			15,613
Reserves provided		0			0			0			907
Insurance purchased		0			0			0			(16,520	)
Balance, end of the period		0			0			0			0
Total completed operations	$	117,129		$	115,103		$	117,129		$	115,103

Changes in Warranty Liabilities

For the three and six months ended June 30, 2012 and 2011, changes in warranty liability were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(In thousands)
Balance, beginning of the period	$	16,660		$	15,103		$	17,358		$	16,238
Provision for warranties		1,668			3,353			3,143			3,442
Warranty costs paid		(1,982	)		(3,118	)		(4,155	)		(4,342	)
Balance, end of the period	$	16,346		$	15,338		$	16,346		$	15,338