XML 50 R36.htm IDEA: XBRL DOCUMENT v3.24.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Warranty Reserves
Warranty reserve activity consisted of the following (in thousands):
 
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Warranty reserves, beginning of period$107,196 $99,243 $106,993 $104,375 
Warranty reserves accrued9,491 6,337 27,225 18,523 
Warranty expenditures(9,380)(10,471)(26,911)(27,789)
Warranty reserves, end of period$107,307 $95,109 $107,307 $95,109 
Schedule of Lease Costs and Other Information See below for additional information on leases (dollars in thousands):
Three Months Ended September 30, 2024Three Months Ended September 30, 2023Nine Months Ended September 30, 2024Nine Months Ended September 30, 2023
Lease Cost
Operating lease cost (included in SG&A expense)$3,124 $2,555 $9,028 $7,808 
Ground lease cost (included in other operations expense)765 724 2,295 2,170 
Sublease income, operating leases— — — — 
Sublease income, ground leases (included in other operations revenue)(776)(734)(2,329)(2,202)
Net lease cost$3,113 $2,545 $8,994 $7,776 
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating lease cash flows (included in operating cash flows)$2,842 $2,407 $8,754 $7,279 
Ground lease cash flows (included in operating cash flows)$664 $663 $1,990 $1,990 
Right-of-use assets obtained in exchange for new operating lease liabilities$726 $1,804 $5,990 $3,820 
September 30, 2024December 31, 2023
Weighted-average discount rate:
Operating leases4.9 %4.9 %
Ground leases10.2 %10.2 %
Weighted-average remaining lease term (in years):
Operating leases5.96.3
Ground leases43.744.4
Schedule of Future Minimum Lease Payments
The future minimum lease payments under our operating leases are as follows (in thousands):
Property, Equipment and Other Leases
Ground Leases (1)
Remaining in 2024$2,368 $809 
202511,402 3,237 
202610,371 3,237 
20279,094 3,237 
20288,529 3,237 
Thereafter15,772 75,403 
Total lease payments$57,536 $89,160 
Less: Interest7,864 61,413 
Present value of operating lease liabilities$49,672 $27,747 
 __________
(1)    Ground leases are fully subleased through 2041, representing $55.3 million of the $89.2 million future ground lease obligations.