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Accrued Expenses and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Schedule of accrued liabilities and other liabilities
Accrued expenses and other liabilities consist of the following:
 
December 31,
 
2018
 
2017
 
(Dollars in thousands)
 Warranty accrual(1)
$
6,898

 
$
6,859

 Accrued compensation and benefits
5,749

 
9,164

 Accrued interest
6,497

 
6,217

 Completion reserve
4,192

 
5,792

 Income taxes payable
—

 
6,368

 Deferred profit from unconsolidated joint ventures
—

 
136

 Other accrued expenses
5,692

 
3,518

 
$
29,028

 
$
38,054


 
 

(1)
Included in the amount for 2018 is approximately $0.9 million of additional warranty liabilities estimated to be covered by our insurance policies. Included in the amount for 2017 is approximately $1.2 million of additional warranty liabilities estimated to be covered by our insurance policies that were adjusted to present the warranty reserves and related estimated warranty insurance receivable on a gross basis at December 31, 2017. Of $1.2 million of this amount, approximately $0.6 million related to 2016 estimated warranty insurance recoveries.
Schedule of changes in warranty accrual
Changes in our warranty accrual are detailed in the table set forth below:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(Dollars in thousands)
Beginning warranty accrual for homebuilding projects
$
6,634

 
$
4,608

 
$
3,846

Warranty provision for homebuilding projects
2,330

 
1,825

 
1,921

Warranty assumed from joint ventures at consolidation
—

 
781

 
469

Warranty payments for homebuilding projects
(2,006
)
 
(989
)
 
(563
)
Adjustment to warranty accrual(1)
(277
)
 
409

 
(1,065
)
Ending warranty accrual for homebuilding projects
6,681

 
6,634

 
4,608

 
 
 
 
 
 
Beginning warranty accrual for fee building projects
225

 
323

 
335

Warranty provision for fee building projects
—

 
—

 
—

Warranty efforts for fee building projects
(70
)
 
(3
)
 
(12
)
Adjustment to warranty accrual for fee building projects(2)
62

 
(95
)
 
—

Ending warranty accrual for fee building projects
217

 
225

 
323

Total ending warranty accrual
$
6,898

 
$
6,859

 
$
4,931


 

(1)
Included in the amount for 2017 is approximately $1.2 million of additional warranty liabilities estimated to be covered by our insurance policies that were adjusted to present the warranty reserves and related estimated warranty insurance receivable on a gross basis at December 31, 2017. Of the $1.2 million adjusted in 2017, approximately $0.6 million related to prior year estimated warranty insurance recoveries. During 2018, the estimated amount to be covered by our insurance policies was reduced by $0.3 million. Netted against the amount recorded in 2017 is a warranty accrual adjustment of $0.8 million related to a lower experience rate of expected warranty expenditures. Netted against the amount recorded in 2018 is a warranty accrual adjustment of $43,000 related to higher expected warranty expenditures.
(2)
During 2018, the estimated amount to be covered by our insurance policies was increased by approximately $32,000. Netted with this amount is a warranty accrual adjustment of approximately $30,000 related to higher expected warranty expenditures.