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Capitalized Interest (Tables)
9 Months Ended
Sep. 30, 2016
Interest Costs Incurred Capitalized [Abstract]  
Summary of Interest Costs Incurred, Capitalized, Expensed and Charged to Cost of Sales

NVR’s interest costs incurred, capitalized, expensed and charged to cost of sales during the three and nine months ended September 30, 2016 and 2015 was as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Interest capitalized, beginning of period

 

$

4,576

 

 

$

4,332

 

 

$

4,434

 

 

$

4,072

 

Interest incurred

 

 

6,562

 

 

 

6,317

 

 

 

19,347

 

 

 

18,842

 

Interest charged to interest expense

 

 

(5,624

)

 

 

(6,081

)

 

 

(15,526

)

 

 

(17,955

)

Interest charged to cost of sales

 

 

(600

)

 

 

(288

)

 

 

(3,341

)

 

 

(679

)

Interest capitalized, end of period

 

$

4,914

 

 

$

4,280

 

 

$

4,914

 

 

$

4,280