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Note 5 - Capitalized Interest - Summary of Interest Incurred, Capitalized, and Expensed (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest incurred $ 6,150 $ 7,606 $ 12,530 $ 15,367
Interest capitalized to inventory (4,879) (7,606) (10,541) (15,367)
Interest expensed 1,271 (0) 1,989 (0)
Capitalized interest in beginning inventory 25,152 28,600 26,397 25,681
Interest capitalized as a cost of inventory 4,879 7,606 10,541 15,367
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 0 3 0 13
Previously capitalized interest included in cost of home and land sales (4,601) (6,301) (10,747) (11,153)
Previously capitalized interest included in project abandonment costs 0 0 (761) 0
Capitalized interest in ending inventory 25,430 29,908 25,430 29,908
Capitalized interest in beginning investment in unconsolidated joint ventures 93 672 541 713
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 0 (3) 0 (13)
Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (31) (48) (479) (79)
Capitalized interest in ending investment in unconsolidated joint ventures 62 621 62 621
Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 25,492 $ 30,529 $ 25,492 $ 30,529
Capitalized interest as a percentage of inventory 6.90% 5.50% 6.90% 5.50%
Interest included in cost of home sales as a percentage of home sales revenue 6.00% 4.40% 6.20% 4.70%
Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 0.50% 1.80% 0.50% 1.80%