Accrued Expenses and Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

Schedule of accrued liabilities and other liabilities

Accrued expenses and other liabilities consist of the following:

	September 30,		December 31,
	2015		2014
	(Dollars in thousands)
Warranty accrual	$	2,762	$	1,578
Accrued compensation and benefits	3,568		4,680
Accrued interest	470		268
Completion reserve	328		219
Accrued professional fees	204		414
Income taxes payable	—		3,930
Deferred profit from unconsolidated joint ventures	437		—
Other accrued expenses	225		111
	$	7,994	$	11,200

Schedule of changes in warranty accrual

Changes in our warranty accrual are detailed in the table set forth below:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	1,902		$	916		$	1,277		$	810
Warranty provision for homebuilding projects	579			82			1,333			229
Warranty payments for homebuilding projects	(59		)	(31		)	(188		)	(72		)
Ending warranty accrual for homebuilding projects	2,422			967			2,422			967
Beginning warranty accrual for fee building projects	297			257			301			264
Warranty provision for fee building projects	57			—			57			—
Warranty efforts for fee building projects	(14		)	(8		)	(18		)	(15		)
Ending warranty accrual for fee building projects	340			249			340			249
Total ending warranty accrual	$	2,762		$	1,216		$	2,762		$	1,216