Inventory (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Inventory Disclosure [Abstract] |
|
| Components of Inventory |
Major components of inventory were as follows ($000’s omitted): | | | | | | | | | | June 30,
2016 | | December 31,
2015 | Homes under construction | $ | 2,058,479 |
| | $ | 1,408,260 |
| Land under development | 3,704,857 |
| | 3,259,066 |
| Raw land | 866,128 |
| | 782,732 |
| | $ | 6,629,464 |
| | $ | 5,450,058 |
|
|
| Capitalized Interest Rollforward |
Information related to interest capitalized into inventory is as follows ($000’s omitted): | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2016 | | 2015 | | 2016 | | 2015 | Interest in inventory, beginning of period | $ | 158,653 |
| | $ | 166,887 |
| | $ | 149,498 |
| | $ | 167,638 |
| Interest capitalized | 38,231 |
| | 31,296 |
| | 73,515 |
| | 62,099 |
| Interest expensed | (29,396 | ) | | (33,799 | ) | | (55,525 | ) | | (65,353 | ) | Interest in inventory, end of period | $ | 167,488 |
| | $ | 164,384 |
| | $ | 167,488 |
| | $ | 164,384 |
|
|
| Schedule Of Company Interests In Land Option Agreements |
The following provides a summary of our interests in land option agreements as of June 30, 2016 and December 31, 2015 ($000’s omitted): | | | | | | | | | | | | | | | | | | June 30, 2016 | | December 31, 2015 | | Deposits and
Pre-acquisition
Costs | | Remaining Purchase
Price | | Deposits and
Pre-acquisition
Costs | | Remaining Purchase
Price | Land options with VIEs | $ | 80,063 |
| | $ | 928,327 |
| | $ | 77,641 |
| | $ | 1,064,506 |
| Other land options | 98,744 |
| | 1,165,813 |
| | 84,478 |
| | 981,687 |
| | $ | 178,807 |
| | $ | 2,094,140 |
| | $ | 162,119 |
| | $ | 2,046,193 |
|
|