ACCRUED EXPENSES AND OTHER LIABILITIES

3 Months Ended

Mar. 31, 2020

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 March 31, 2020		As of December 31, 2019
Real estate development costs to complete	$	27,094	$	20,598
Compensation and employee benefits	74,714		95,585
Self-insurance and warranty reserves	121,964		120,048
Interest payable	37,615		23,178
Property and sales taxes payable	14,016		12,537
Other accruals(1)	122,783		53,422
Total accrued expenses and other liabilities	$	398,186	$	325,368

⁽¹⁾ The increase in Other accruals from December 31, 2019 to March 31, 2020 resulted from the assumption of WLH other accrued liabilities.

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 March 31,
	2020			2019
Reserve - beginning of period	$	120,048		$	93,790
Net additions to reserves due to WLH acquisition	9,130			—
Other additions to reserves	9,738			7,848
Cost of claims incurred	(18,987		)	(14,595		)
Changes in estimates to pre-existing reserves	2,035			844
Reserve - end of period	$	121,964		$	87,887