ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022		As of December 31, 2021
Real estate development costs to complete	$	45,974	$	49,833
Compensation and employee benefits	103,291		166,272
Self-insurance and warranty reserves	137,491		141,839
Interest payable	40,977		48,551
Property and sales taxes payable	25,053		29,384
Other accruals	78,692		89,330
Total accrued expenses and other liabilities	$	431,478	$	525,209

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,
	2022		2021		2022		2021
Reserve - beginning of period	$	140,970	$	116,406	$	141,839	$	118,116
Additions to reserves	23,519		18,394		32,403		30,784
Cost of claims incurred	(27,729)		(19,067)		(40,202)		(34,931)
Changes in estimates to pre-existing reserves	731		388		3,451		2,152
Reserve - end of period	$	137,491	$	116,121	$	137,491	$	116,121