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Inventory
6 Months Ended
Jun. 30, 2018
Inventory [Abstract]  
Inventory

5.  Inventory



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







 

 

 

 

 

 



 

 

 

 

 

 



 

As of



 

June 30,

 

December 31,



 

2018

 

2017



 

 

 

 

 

 

Completed VOI units

 

$

238,839 

 

$

194,503 

Construction-in-progress

 

 

18,269 

 

 

22,334 

Real estate held for future development

 

 

70,789 

 

 

64,454 



 

$

327,897 

 

$

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 $1.0 million and $1.1 million at June 30, 2018 and December 31, 2017, respectively.