Accrued Expenses and Other Liabilities (Tables)

9 Months Ended

Sep. 30, 2017

Payables and Accruals [Abstract]

Schedule of accrued liabilities and other liabilities

Accrued expenses and other liabilities consist of the following:

	September 30,		December 31,
	2017		2016
	(Dollars in thousands)
Warranty accrual	$	5,531	$	4,931
Accrued compensation and benefits	5,284		6,786
Accrued interest	13,076		648
Completion reserve	2,258		1,355
Income taxes payable	1,669		7,147
Deferred profit from unconsolidated joint ventures	396		957
Other accrued expenses	2,470		1,594
	$	30,684	$	23,418

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,
	2017			2016			2017			2016
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	5,076		$	4,874		$	4,608		$	3,846
Warranty provision for homebuilding projects	411			369			1,013			1,174
Warranty assumed from joint venture at consolidation	—			—			358			469
Adjustment to warranty accrual	—			(1,065		)	—			(1,065		)
Warranty payments for homebuilding projects	(279		)	(168		)	(771		)	(414		)
Ending warranty accrual for homebuilding projects	5,208			4,010			5,208			4,010
Beginning warranty accrual for fee building projects	323			331			323			335
Warranty provision for fee building projects	—			—			—			—
Warranty efforts for fee building projects	—			(6		)	—			(10		)
Ending warranty accrual for fee building projects	323			325			323			325
Total ending warranty accrual	$	5,531		$	4,335		$	5,531		$	4,335