Accrued Expenses and Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2016

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following (in thousands):

	As of September 30, 2016		As of December 31, 2015
Real estate development costs to complete	$	14,502	$	21,325
Compensation and employee benefits	48,733		47,674
Self-insurance and warranty reserves	46,481		43,098
Interest payable	24,904		18,621
Property and sales taxes payable	14,373		15,233
Other accruals	44,770		45,501
Total accrued expenses and other liabilities	$	193,763	$	191,452

Summary of Changes in Reserves

Self-Insurance and Warranty Reserves – We accrue for the expected costs associated with the limited one year warranty, deductibles and self-insured amounts under our various insurance policies within Beneva Indemnity Company ("Beneva") a wholly owned subsidiary. A summary of the changes in our reserves are as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Reserve - beginning of period	$	44,342		$	42,589		$	43,098		$	44,595
Additions to reserves	8,902			5,629			19,685			13,143
Costs and claims incurred	(5,173		)	(5,032		)	(17,720		)	(16,482		)
Change in estimates to pre-existing reserves	(1,590		)	737			1,418			2,667
Reserve - end of period	$	46,481		$	43,923		$	46,481		$	43,923