ACCRUED EXPENSES AND OTHER LIABILITIES

6 Months Ended

Jun. 30, 2018

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

ACCRUED EXPENSES AND OTHER LIABILITIES

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

	As of June 30, 2018		As of December 31, 2017
Real estate development costs to complete	$	9,966	$	14,815
Compensation and employee benefits	50,773		72,352
Self-insurance and warranty reserves	53,011		51,010
Interest payable	17,011		17,125
Property and sales taxes payable	10,885		12,294
Other accruals	25,669		33,944
Total accrued expenses and other liabilities	$	167,315	$	201,540

Self-Insurance and Warranty Reserves – We accrue for the expected costs associated with our limited 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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Reserve - beginning of period	$	50,336		$	52,416		$	51,010		$	50,550
Additions to reserves	10,282			6,744			15,325			11,043
Costs and claims incurred	(7,873		)	(6,593		)	(12,933		)	(9,928		)
Change in estimates to existing reserves	266			1,517			(391		)	2,419
Reserve - end of period	$	53,011		$	54,084		$	53,011		$	54,084