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Note 8 - Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Accrued Expenses and Other Liabilities [Table Text Block]

		*June 30,*				*December 31,*
		*2020*				*2019*
		(Dollars in thousands)
Warranty accrual ⁽¹⁾		$	6,740			$	7,223
Litigation reserves ⁽²⁾			6,000				10,900
Accrued interest			5,605				5,796
Accrued compensation and benefits			4,216				5,350
Completion reserve			964				3,167
Customer deposits			3,608				3,574
Lease liabilities			2,434				2,243
Other accrued expenses			3,713				2,301
		$	33,280			$	40,554

Schedule of Product Warranty Liability [Table Text Block]

		*Three Months Ended June 30,*								*Six Months Ended June 30,*
		*2020*				*2019*				*2020*				*2019*
		(Dollars in thousands)
Beginning warranty accrual for homebuilding projects		$	6,836			$	6,767			$	7,195			$	6,681
Warranty provision for homebuilding projects			357				627				778				1,054
Warranty payments for homebuilding projects			(481	)			(581	)			(1,261	)			(922	)
Adjustment to warranty accrual(1)			—				94				—				94
Ending warranty accrual for homebuilding projects			6,712				6,907				6,712				6,907

Beginning warranty accrual for fee building projects			28				178				28				217
Warranty provision for fee building projects			—				—				—				9
Warranty efforts for fee building projects			—				(18	)			—				(66	)
Adjustment to warranty accrual for fee building projects(1)			—				(18	)			—				(18	)
Ending warranty accrual for fee building projects			28				142				28				142
Total ending warranty accrual		$	6,740			$	7,049			$	6,740			$	7,049

(1)

During the 2019 second quarter, we recorded an adjustment of $0.1 million to our warranty accrual for homebuilding projects due to higher expected warranty expenditures which is included in "Adjustment to warranty accrual" above and resulted in an increase of the same amount to cost of home sales in the accompanying condensed consolidated statement of operations. Also during the 2019 second quarter, the Company recorded an adjustment of $18,000 due to lower experience rate of expected warranty expenditures for fee building projects which is included in "Adjustment to warranty accrual for fee building projects" above and resulted in a reduction of the same amount to cost of fee building sales in the accompanying condensed consolidated statement of operations.