ACCRUED EXPENSES AND OTHER LIABILITIES

3 Months Ended

Mar. 31, 2022

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, 2022		As of December 31, 2021
Real estate development costs to complete	$	46,044	$	49,833
Compensation and employee benefits	78,849		166,272
Self-insurance and warranty reserves	140,970		141,839
Interest payable	39,241		48,551
Property and sales taxes payable	27,115		29,384
Other accruals	84,662		89,330
Total accrued expenses and other liabilities	$	416,881	$	525,209

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,
	2022		2021
Reserve - beginning of period	$	141,839	$	118,116
Other additions to reserves	8,884		12,391
Cost of claims incurred	(12,473)		(15,865)
Changes in estimates to pre-existing reserves	2,720		1,764
Reserve - end of period	$	140,970	$	116,406