ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2017

Payables and Accruals [Abstract]

Summary of Accrued Expenses and Other Liabilities

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

	As of June 30, 2017		As of December 31, 2016
Real estate development costs to complete	$	11,336	$	15,156
Compensation and employee benefits	45,681		63,802
Self-insurance and warranty reserves	54,084		50,550
Interest payable	16,991		17,233
Property and sales taxes payable	8,769		17,231
Other accruals	38,700		45,230
Total accrued expenses and other liabilities	$	175,561	$	209,202

Summary of Changes in Reserves

A summary of the changes in our reserves are as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Reserve - beginning of period	$	52,416		$	43,195		$	50,550		$	43,098
Additions to reserves	6,744			5,015			11,043			10,783
Costs and claims incurred	(6,593		)	(5,962		)	(9,928		)	(12,547		)
Change in estimates to existing reserves	1,517			2,094			2,419			3,008
Reserve - end of period	$	54,084		$	44,342		$	54,084		$	44,342