Note 1 - Organization and Basis of Presentation (Tables)
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6 Months Ended |
Jun. 30, 2022 |
|---|
| Notes Tables |
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| Assets and Liabilities, Lessee [Table Text Block] |
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|
As of |
|
| |
|
June 30, 2022 |
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|
December 31, 2021 |
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| ROU assets |
|
$ |
19,725 |
|
|
$ |
21,038 |
|
| Lease liabilities |
|
|
24,084 |
|
|
|
26,171 |
|
|
| Schedule of Letter of Credit and Surety Bonds [Table Text Block] |
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|
As of |
|
| |
|
June 30, 2022 |
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|
December 31, 2021 |
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| |
|
|
|
|
|
Estimated work |
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|
|
|
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|
Estimated work |
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| |
|
|
|
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remaining to |
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|
|
|
|
|
remaining to |
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| |
|
Outstanding |
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complete |
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|
Outstanding |
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|
complete |
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| Sureties: |
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|
|
|
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|
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| Sureties related to owned projects and lots under contract |
|
$ |
696,017 |
|
|
$ |
401,730 |
|
|
$ |
620,297 |
|
|
$ |
352,152 |
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| Total Sureties |
|
$ |
696,017 |
|
|
$ |
401,730 |
|
|
$ |
620,297 |
|
|
$ |
352,152 |
|
| Letters of Credit (“LOCs”): |
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|
|
|
|
|
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|
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| LOCs for land development |
|
$ |
58,124 |
|
|
|
N/A |
|
|
$ |
57,396 |
|
|
|
N/A |
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| LOCs for general corporate operations |
|
|
5,000 |
|
|
|
N/A |
|
|
|
5,000 |
|
|
|
N/A |
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| Total LOCs |
|
$ |
63,124 |
|
|
|
N/A |
|
|
$ |
62,396 |
|
|
|
N/A |
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| Schedule of Accrued Liabilities [Table Text Block] |
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|
As of |
|
| |
|
June 30, 2022 |
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|
December 31, 2021 |
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| Accruals related to real estate development and construction activities |
|
$ |
150,525 |
|
|
$ |
115,214 |
|
| Payroll and other benefits |
|
|
73,601 |
|
|
|
102,773 |
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| Accrued interest |
|
|
7,195 |
|
|
|
5,556 |
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| Accrued taxes |
|
|
17,084 |
|
|
|
37,297 |
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| Warranty reserves |
|
|
31,437 |
|
|
|
26,264 |
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| Lease liabilities |
|
|
24,084 |
|
|
|
26,171 |
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| Other accruals |
|
|
22,930 |
|
|
|
24,002 |
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| Total |
|
$ |
326,856 |
|
|
$ |
337,277 |
|
|
| Schedule of Product Warranty Liability [Table Text Block] |
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|
Three Months Ended June 30, |
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|
Six Months Ended June 30, |
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|
2022 |
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|
2021 |
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|
2022 |
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|
2021 |
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| Balance, beginning of period |
|
$ |
26,667 |
|
|
$ |
23,767 |
|
|
$ |
26,264 |
|
|
$ |
23,743 |
|
| Additions to reserve from new home deliveries |
|
|
5,308 |
|
|
|
4,514 |
|
|
|
9,836 |
|
|
|
8,324 |
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| Warranty claims |
|
|
(538 |
) |
(1) |
|
(3,216 |
) |
|
|
(4,663 |
) |
(1) |
|
(7,002 |
) |
| Adjustments to pre-existing reserves |
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|
— |
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— |
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— |
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— |
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| Balance, end of period |
|
$ |
31,437 |
|
|
$ |
25,065 |
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|
$ |
31,437 |
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|
$ |
25,065 |
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|