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Capitalized Interest
 6 Months Ended
Jun. 30, 2011
Capitalized Interest [Abstract]  
capitalized interest [Text Block]
Capitalized Interest


The Company capitalizes interest during land development and home construction. Capitalized interest is charged to cost of sales as the related inventory is delivered to a third party. A summary of capitalized interest is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2011
 
2010
 
2011
 
2010
Capitalized interest, beginning of period
$
19,899


 
$
23,687


 
$
20,075


 
$
23,670


Interest capitalized to inventory
2,678


 
2,737


 
4,840


 
4,985


Capitalized interest charged to cost of sales
(2,819
)
 
(4,954
)
 
(5,157
)
 
(7,185
)
Capitalized interest, end of period
$
19,758


 
$
21,470


 
$
19,758


 
$
21,470


 
 
 
 
 
 
 
 
Interest incurred — net
$
6,143


 
$
4,816


 
$
12,340


 
$
9,205