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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest incurred $ 5,751 $ 6,150 $ 11,082 $ 12,530
Interest capitalized to inventory (5,660) (4,879) (10,637) (10,541)
Interest expensed 91 1,271 445 1,989
Capitalized interest in beginning inventory 23,003 25,152 22,053 26,397
Interest capitalized as a cost of inventory 5,660 4,879 10,637 10,541
Previously capitalized interest included in cost of home and land sales (5,616) (4,601) (9,643) (10,747)
Previously capitalized interest included in project abandonment costs 0 0 0 (761)
Capitalized interest in ending inventory 23,047 25,430 23,047 25,430
Capitalized interest in beginning investment in unconsolidated joint ventures 0 93 0 541
Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures 0 (31) 0 (479)
Capitalized interest in ending investment in unconsolidated joint ventures 0 62 0 62
Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 23,047 $ 25,492 $ 23,047 $ 25,492
Capitalized interest as a percentage of inventory 6.40% 6.90% 6.40% 6.90%
Interest included in cost of home sales as a percentage of home sales revenue 4.10% 6.00% 4.20% 6.20%
Capitalized interest as a percentage of investment in unconsolidated joint ventures 0.00% 0.50% 0.00% 0.50%