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Note 8 - Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Warranty accrual(1) $ 7,276 $ 7,223 $ 6,898
Estimated Litigation Liability 5,600 10,900  
Accrued Liabilities and Other Liabilities, Total 36,210 40,554  
Accrued Liabilities and Other Liabilities [Member]      
Warranty accrual(1) [1] 7,276 7,223  
Estimated Litigation Liability [2] 5,641 10,900  
Accrued interest 3,172 5,796  
Accrued compensation and benefits 7,106 5,350  
Completion reserve 5,683 3,167  
Customer deposits 2,898 3,574  
Operating Lease, Liability, Total 3,180 2,243  
Other accrued expenses $ 1,254 $ 2,301  
[1] Included in the amount at December 31, 2020 and 2019 is approximately $2.5 million and $1.9 million, respectively, of warranty liabilities estimated to be recovered by our insurance policies.
[2] During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for IBNR future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019. During the year ended December 31, 2020, $4.7 million was paid by our insurance carrier directly to claimants related to two claims, and the Company decreased its litigation reserve estimate by $0.2 million for one claim and decreased the IBNR litigation reserve by a net $0.4 million ($1.0 million corresponding decrease in insurance receivables, and a $0.6 million increase in cost of sales) resulting in a litigation reserve balance of $5.6 million at December 31, 2020.