XML 30 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Capitalized Interest
 3 Months Ended
Mar. 31, 2012
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 March 31,
(In thousands)
2012
 
2011
Capitalized interest, beginning of period
$
18,869

 
$
20,075

Interest capitalized to inventory
1,866

 
2,162

Capitalized interest charged to cost of sales
(2,565
)
 
(2,338
)
Capitalized interest, end of period
$
18,170

 
$
19,899

 
 
 
 
Interest incurred — net
$
6,472

 
$
6,197