8.	Inventories

The table below sets forth, by reportable segment, information relating to our homebuilding inventories.

	December 31,		December 31,
	2018		2017
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	521,960	$	489,136
Mountain		347,738		328,897
East		82,738		118,652
Subtotal		952,436		936,685
Land and Land Under Development:
West		705,591		517,697
Mountain		402,657		309,072
East		72,310		66,282
Subtotal		1,180,558		893,051
Total Inventories	$	2,132,994	$	1,829,736

Inventory impairments recognized by segment for the years ended

December 31, 2018,

2017

and

2016

are shown in the table below.

	Year Ended December 31,
	2018		2017		2016
	(Dollars in thousands)
Housing Completed or Under Construction:
West	$	2,860	$	4,733	$	364
Mountain		417		390		574
East		1,227		2,720		1,390
Subtotal		4,504		7,843		2,328
Land and Land Under Development:
West		16,198		1,252		1,036
Mountain		958		380		589
East		190		535		6,220
Subtotal		17,346		2,167		7,845
Total Inventory Impairments	$	21,850	$	10,010	$	10,173

During the year ended

December 31, 2018,

we recorded

$21.9

million of inventory impairments, of which

$19.1

million related to

seven

projects in our West segment,

$1.4

million related to

five

projects in our East segment and

$1.4

million related to

three

projects in our Mountain segment.

During the year ended

December 31, 2017,

we recorded

$10.0

million of inventory impairments, of which

$3.2

million related to

five

projects in our East segment,

$6.0

million related to

four

projects in our West segment and

$0.8

million related to

one

project in our Mountain segment.

During the year ended

December 31, 2016,

we recorded

$10.2

million of inventory impairments, of which

$7.6

million related to

five

projects in our East segment,

$1.4

million related to

one

project in our West segment and

$1.2

million related to

one

project in our Mountain segment.

The table below provides quantitative data, for the periods presented, used in determining the fair value of the impaired inventory.

	Impairment Data								Quantitative Data
Three Months Ended	Total Subdivisions Tested		Inventory Impairments		Fair Value of Inventory After Impairments		Number of Subdivisions Impaired		Discount Rate
	(Dollars in thousands)
March 31, 2018		24	$	550	$	5,223		2	12%
June 30, 2018		17		200		767		1	12%
September 30, 2018		17		11,098		29,874		2	12%	-	18%
December 31, 2018		20		10,002		32,248		10	12%	-	18%
Total			$	21,850

March 31, 2017		33	$	4,850	$	19,952		2	12%	to	18%
June 30, 2017		35		-		-		-	N/A
September 30, 2017		33		4,540		52,190		9	10%	-	15%
December 31, 2017		23		620		14,245		2	10%	-	12%
Total			$	10,010

March 31, 2016		14	$	-	$	-		-	N/A
June 30, 2016		17		1,600		6,415		2	12%	to	15%
September 30, 2016		25		4,700		12,295		2	15%	to	18%
December 31, 2016		40		3,873		23,657		3	12%	to	15%
Total			$	10,173