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Inventory
 3 Months Ended
Mar. 31, 2018
Inventory [Abstract]  
Inventory

5.  Inventory



Our VOI inventory consists of the following (in thousands):







 

 

 

 

 

 



 

 

 

 

 

 



 

As of



 

March 31,

 

December 31,



 

2018

 

2017



 

 

 

 

 

 

Completed VOI units

 

$

 192,262 

 

$

 194,503 

Construction-in-progress

 

 

 30,819 

 

 

 22,334 

Real estate held for future development

 

 

 67,883 

 

 

 64,454 



 

$

 290,964 

 

$

 281,291 





The interest expense reflected in our unaudited Consolidated Statements of Income and Comprehensive Income is net of capitalized interest. Interest capitalized to VOI inventory was $0.5 million and $1.1 million at March 31, 2018 and December 31, 2017, respectively.