Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2017

Payables and Accruals [Abstract]

Schedule of accrued liabilities and other liabilities

Accrued expenses and other liabilities consist of the following:

	June 30,		December 31,
	2017		2016
	(Dollars in thousands)
Warranty accrual	$	5,399	$	4,931
Accrued compensation and benefits	3,181		6,786
Accrued interest	6,872		648
Completion reserve	1,471		1,355
Income taxes payable	—		7,147
Deferred profit from unconsolidated joint ventures	460		957
Other accrued expenses	2,090		1,594
	$	19,473	$	23,418

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,
	2017			2016			2017			2016
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	4,678		$	4,057		$	4,608		$	3,846
Warranty provision for homebuilding projects	331			493			602			805
Warranty assumed from joint venture at consolidation	358			469			358			469
Warranty payments for homebuilding projects	(291		)	(145		)	(492		)	(246		)
Ending warranty accrual for homebuilding projects	5,076			4,874			5,076			4,874
Beginning warranty accrual for fee building projects	323			332			323			335
Warranty provision for fee building projects	—			—			—			—
Warranty efforts for fee building projects	—			(1		)	—			(4		)
Ending warranty accrual for fee building projects	323			331			323			331
Total ending warranty accrual	$	5,399		$	5,205		$	5,399		$	5,205