FAIR VALUE DISCLOSURES (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Carrying Value and Fair Value of Financial Instruments

The carrying value and fair value of our financial instruments are as follows:

		June 30, 2017				December 31, 2016
(Dollars in thousands)	Level in Fair Value Hierarchy	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Description:
Mortgage loans held for sale	2	$	110,906	$	110,906	$	233,184	$	233,184
Derivative assets	2	1,797		1,797		2,291		2,291
Mortgage warehouse borrowings	2	63,150		63,150		198,564		198,564
Loans payable and other borrowings	2	152,762		152,762		150,485		150,485
5.25% Senior Notes due 2021 (1)	2	545,509		563,750		544,911		563,750
5.875% Senior Notes due 2023 (1)	2	346,715		373,625		346,431		355,250
5.625% Senior Notes due 2024 (1)	2	346,411		365,750		346,142		353,500
Revolving Credit Facility	2	—		—		—		—
Contingent consideration liability	3	5,205		5,205		17,200		17,200

⁽¹⁾Carrying value for Senior Notes, as presented, includes unamortized debt issuance costs. Debt issuance costs are not factored into the fair value calculation for the Senior Notes.

Assets Measured on a Nonrecurring Basis

The following table presents the fair value for our inventories measured at fair value on a nonrecurring basis as of the period presented.

(Dollars in thousands)
Description:	Level in Fair Value Hierarchy	December 31, 2016
Inventories (1)	3	$	3,778

⁽¹⁾ During the year ended December 31, 2016, we recorded $3.5 million of impairment charges.