Accrued Expenses and Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Payables and Accruals [Abstract]

Schedule of accrued liabilities and other liabilities

Accrued expenses and other liabilities consist of the following:

	March 31,		December 31,
	2017		2016
	(Dollars in thousands)
Warranty accrual	$	5,001	$	4,931
Accrued compensation and benefits	2,979		6,786
Accrued interest	1,036		648
Completion reserve	493		1,355
Income taxes payable	—		7,147
Deferred profit from unconsolidated joint ventures	809		957
Other accrued expenses	2,121		1,594
	$	12,439	$	23,418

Accrued expenses and other liabilities consist of the following:

	December 31,
	2016		2015
	(Dollars in thousands)
Warranty accrual	$	4,931	$	4,181
Accrued compensation and benefits	6,786		5,106
Accrued interest	648		453
Completion reserve	1,355		1,168
Income taxes payable	7,147		6,780
Deferred profit from unconsolidated joint ventures	957		1,603
Other accrued expenses	1,594		536
	$	23,418	$	19,827

Schedule of changes in warranty accrual

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

	Three Months Ended March 31,
	2017			2016
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	4,608		$	3,846
Warranty provision for homebuilding projects	271			312
Warranty payments for homebuilding projects	(201		)	(101		)
Ending warranty accrual for homebuilding projects	4,678			4,057
Beginning warranty accrual for fee building projects	323			335
Warranty provision for fee building projects	—			—
Warranty efforts for fee building projects	—			(3		)
Ending warranty accrual for fee building projects	323			332
Total ending warranty accrual	$	5,001		$	4,389

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

	Year Ended December 31,
	2016			2015			2014
	(Dollars in thousands)
Beginning warranty accrual for homebuilding projects	$	3,846		$	1,277		$	810
Warranty provision for homebuilding projects	1,921			2,802			562
Warranty assumed from joint venture at consolidation	469			—			—
Warranty payments for homebuilding projects	(563		)	(233		)	(95		)
Adjustment to warranty accrual	(1,065		)	—			—
Ending warranty accrual for homebuilding projects	4,608			3,846			1,277
Beginning warranty accrual for fee building projects	335			301			264
Warranty provision for fee building projects	—			57			62
Warranty efforts for fee building projects	(12		)	(23		)	(25		)
Ending warranty accrual for fee building projects	323			335			301
Total ending warranty accrual	$	4,931		$	4,181		$	1,578