Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

Schedule of accrued liabilities and other liabilities

Accrued expenses and other liabilities consist of the following:

	June 30,		December 31,
	2016		2015
	(Dollars in thousands)
Warranty accrual	$	5,205	$	4,181
Accrued compensation and benefits	2,255		5,106
Accrued interest	631		453
Income taxes payable	5		6,780
Deferred profit from unconsolidated joint ventures	1,272		1,603
Other accrued expenses	1,418		1,704
	$	10,786	$	19,827

Schedule of changes in warranty accrual

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	4,057		$	1,779		$	3,846		$	1,277
Warranty provision for homebuilding projects	493			192			805			754
Warranty assumed from joint venture at consolidation	469			—			469			—
Warranty payments for homebuilding projects	(145		)	(69		)	(246		)	(129		)
Ending warranty accrual for homebuilding projects	4,874			1,902			4,874			1,902
Beginning warranty accrual for fee building projects	332			300			335			301
Warranty provision for fee building projects	—			—			—			—
Warranty efforts for fee building projects	(1		)	(2		)	(4		)	(3		)
Ending warranty accrual for fee building projects	331			298			331			298
Total ending warranty accrual	$	5,205		$	2,200		$	5,205		$	2,200