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Note 5 - Capitalized Interest - Summary of Interest Incurred, Capitalized, and Expensed (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest incurred $ 6,380 $ 7,761
Interest capitalized to inventory (5,662) (7,761)
Interest expensed 718 (0)
Capitalized interest in beginning inventory 26,397 25,681
Interest capitalized as a cost of inventory 5,662 7,761
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 0 10
Previously capitalized interest included in cost of home and land sales (6,146) (4,852)
Previously capitalized interest included in project abandonments costs (761) 0
Capitalized interest in ending inventory 25,152 28,600
Capitalized interest in beginning investment in unconsolidated joint ventures 541 713
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 0 (10)
Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (448) (31)
Capitalized interest in ending investment in unconsolidated joint ventures 93 672
Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 25,245 $ 29,272
Capitalized interest as a percentage of inventory 6.30% 5.10%
Interest included in cost of home sales as a percentage of home sales revenue 6.50% 4.90%
Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 0.30% 2.00%