Note 11 - Warranty Accrual

12 Months Ended

Dec. 31, 2014

Product Warranties Disclosures [Abstract]

Product Warranty Disclosure [Text Block]

11.          Warranty Accrual

The table set forth below summarizes accrual, adjustment and payment activity related to our warranty accrual for the years ended December 31, 2014, 2013 and 2012. As a result of favorable warranty payment experience relative to our estimates at the time of home closing, we reduced our warranty accrual by $2.6 million in 2014. We had no adjustments during the years ended December 31, 2013 and 2012. Additionally, from time to time, we change our warranty accrual rates based on payment trends. Any changes made to those rates did not materially affect our warranty expense or gross margin from home sales for the years ended December 31, 2014, 2013 and 2012.

	Year Ended December 31,
	2014			2013			2012
	(Dollars in thousands)
Balance at beginning of period	$	22,238		$	23,151		$	25,525
Expense provisions		4,834			5,562			4,216
Cash payments		(6,126	)		(6,475	)		(6,590	)
Adjustments		(2,600	)		-			-
Balance at end of period	$	18,346		$	22,238		$	23,151