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Accounts Payable and Other Liabilities (Tables)
3 Months Ended
Mar. 31, 2014
Accounts Payable and Other Liabilities  
Schedule of accounts payable and other liabilities

 

 

 

 

March 31,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

 

 

 

 

 

 

Accounts payable

 

$

17,085

 

$

22,113

 

Deferred revenue and income

 

8,822

 

8,310

 

Community development district obligations (Note 7)

 

6,871

 

7,271

 

Accrued interest

 

1,863

 

5,588

 

Accrued compensation and employee benefits

 

1,645

 

4,368

 

Warranty reserves

 

1,719

 

1,558

 

Other

 

7,067

 

5,712

 

Total accounts payable and other liabilities

 

$

45,072

 

$

54,920

 

Schedule of activity related to the entity's warranty reserves

 

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

 

 

 

 

 

 

Warranty reserves at the beginning of the period

 

$

1,558

 

$

1,077

 

Additions to reserves for new home deliveries

 

244

 

157

 

Payments for warranty costs

 

(83

)

(91

)

Adjustments to prior year warranty reserves

 

—

 

(52

)

Warranty reserves at the end of the period

 

$

1,719

 

$

1,091