Inventory And Land Held For Sale (Tables)

12 Months Ended

Dec. 31, 2013

Major components of inventory at December 31, 2013 and 2012 were ($000’s omitted):

Information related to interest capitalized into inventory is as follows ($000’s omitted):



	Years Ended December 31,
	2013			2012			2011
Interest in inventory, beginning of period	$	331,880		$	355,068		$	323,379
Interest capitalized	154,107			201,103			221,071
Interest expensed (a)	(255,065		)	(224,291		)	(189,382		)
Interest in inventory, end of period	$	230,922		$	331,880		$	355,068
Interest incurred (b)	$	154,819		$	201,103		$	221,071


(a)	Interest expensed to Home sale cost of revenues for 2013, 2012, and 2011 included $2.9 million, $6.5 million, and $5.4 million, respectively, of capitalized interest write-offs related to land-related charges.


(b)	Homebuilding interest incurred includes interest on senior debt and certain other financing arrangements.

We recorded the following land-related charges during the three years ended December 31, 2013:



	2013		2012		2011
Land impairments	$	2,944	$	13,437	$	15,940
Net realizable value adjustments ("NRV") - land held for sale	3,606		1,480		9,844
Write-off of deposits and pre-acquisition costs	3,122		2,278		10,002
Total land-related charges	$	9,672	$	17,195	$	35,786

Land held for sale at December 31, 2013 and 2012 was as follows ($000’s omitted):



	2013			2012
Land held for sale, gross	$	70,003		$	135,201
Net realizable value reserves	(8,268		)	(44,097		)
Land held for sale, net	$	61,735		$	91,104