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Inventory
9 Months Ended
Sep. 30, 2018
Inventory [Abstract]  
Inventory

5.  Inventory



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







 

 

 

 

 

 



 

 

 

 

 

 



 

As of



 

September 30,

 

December 31,



 

2018

 

2017



 

 

 

 

 

 

Completed VOI units

 

$

232,205 

 

$

194,503 

Construction-in-progress

 

 

20,965 

 

 

22,334 

Real estate held for future development

 

 

72,362 

 

 

64,454 

Total

 

$

325,532 

 

$

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 September 30, 2018 and December 31, 2017, respectively.