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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Lease, Cost The table below outlines our ROU assets and lease liabilities (in thousands):
As of
March 31, 2022December 31, 2021
ROU assets$19,314 $21,038 
Lease liabilities24,052 26,171 
Schedule of Surety Bond and Letter of Credit Obligations The table below outlines our surety bond and letter of credit obligations (in thousands):
As of
 March 31, 2022December 31, 2021
 OutstandingEstimated work
remaining to
complete		OutstandingEstimated work
remaining to
complete
Sureties:
Sureties related to owned projects and lots under contract$677,014 $379,639 $620,297 $352,152 
Total Sureties$677,014 $379,639 $620,297 $352,152 
Letters of Credit (“LOCs”):
LOCs for land development56,571 N/A57,396 N/A
LOCs for general corporate operations5,000 N/A5,000 N/A
Total LOCs$61,571 N/A$62,396 N/A
Schedule of Accrued Liabilities Accrued liabilities at March 31, 2022 and December 31, 2021 consisted of the following (in thousands):
As of
 March 31, 2022December 31, 2021
Accruals related to real estate development and construction activities$131,697 $115,214 
Payroll and other benefits57,205 102,773 
Accrued interest21,459 5,556 
Accrued taxes103,366 37,297 
Warranty reserves26,667 26,264 
Lease liabilities24,052 26,171 
Other accruals24,475 24,002 
Total$388,921 $337,277 
Summary of Changes in Warranty Reserves A summary of changes in our warranty reserves follows (in thousands):
 Three Months Ended March 31,
 20222021
Balance, beginning of period$26,264 $23,743 
Additions to reserve from new home deliveries4,528 3,810 
Warranty claims(4,125)(3,786)
Adjustments to pre-existing reserves— — 
Balance, end of period$26,667 $23,767