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Inventory (Tables)
 9 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
Components of Inventory Major components of inventory were as follows ($000’s omitted): 
 
September 30,
2018
 
December 31,
2017
Homes under construction
$
2,992,687

 
$
2,421,405

Land under development
4,002,007

 
4,135,814

Raw land
494,760

 
589,911

 
$
7,489,454

 
$
7,147,130
Capitalized Interest Rollforward Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Interest in inventory, beginning of period
$
243,627

 
$
212,850

 
$
226,611

 
$
186,097

Interest capitalized
42,743

 
46,077

 
130,474

 
135,949

Interest expensed
(43,583
)
 
(36,381
)
 
(114,298
)
 
(99,500
)
Interest in inventory, end of period
$
242,787

 
$
222,546

 
$
242,787

 
$
222,546
Schedule Of Company Interests In Land Option Agreements The following provides a summary of our interests in land option agreements as of September 30, 2018 and December 31, 2017 ($000’s omitted): 
 
September 30, 2018
 
December 31, 2017
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
 
Deposits and
Pre-acquisition
Costs
 
Remaining Purchase
Price
Land options with VIEs
$
85,173

 
$
1,167,087

 
$
78,889

 
$
977,480

Other land options
159,395

 
1,571,768

 
129,098

 
1,485,099

 
$
244,568

 
$
2,738,855

 
$
207,987

 
$
2,462,579
Schedule Of Impairment Losses We incurred the following land-related charges in the second quarter of 2017 ($000's omitted):
 
Statement of Operations Classification
 
 
 
 
 
Net realizable value adjustments ("NRV") - land held for sale
Land sale cost of revenues
 
$
81,006

Land inventory impairments
Home sale cost of revenues
 
31,487

Impairments of unconsolidated entities
Other expense, net
 
8,017

Write-offs of deposits and pre-acquisition costs
Other expense, net
 
5,063

Total land-related charges
 
 
$
125,573
Schedule of Fair Value Inputs The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of the assets for which the impairments were recorded in the second quarter of 2017:
 
Range
Average selling price ($000s)
 
$253
to
$461
Sales pace per quarter (units)
 
5
to
9
Discount rate
 
18%
to
25%