Accrued and other liabilities consist of the following (in thousands):


	September 30,		December 31,
	2022		2021
Real estate inventory development and construction payable	$	68,881	$	48,656
Land banking financing arrangements	35,858		—
Accrued compensation, bonuses and benefits	11,792		24,914
Taxes payable	35,490		11,604
Contract deposits	12,012		12,182
Inventory related obligations	13,283		8,803
Warranty reserve	10,050		7,850
Accrued interest	6,924		7,431
Lease liability	5,402		5,333
Other	20,784		9,836
Total accrued expenses and other liabilities	$	220,476	$	136,609

We have entered into several land banking financing arrangements with a third-party land banker to repurchase land that we sold to the land banker as a method of acquiring finished lots in staged takedowns. Principal payments on these financing arrangements will generally coincide with the repurchase of lot takedowns from the land banker. We expect to complete the repurchase of all lots via takedowns associated with these transactions over the course of approximately two years.

We own lots in certain communities in Arizona, Florida and Texas that have Community Development Districts or similar utility and infrastructure development special assessment programs that allocate a fixed amount of debt service associated with development activities to each lot. This obligation for infrastructure development is attached to the land, which is typically payable over a 30-year period and is ultimately assumed by the homebuyer when home sales are closed. The obligations assumed by the homebuyer represent a non-cash cost of the lots.

We typically provide homebuyers with a one-year warranty on the house and a ten-year limited warranty for major defects in structural elements such as framing components and foundation systems.

Changes to our warranty accrual are as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Warranty reserves, beginning of period	$	9,350	$	6,550	$	7,850	$	5,350
Warranty provision	2,985		2,424		8,092		8,409
Warranty expenditures	(2,285)		(1,824)		(5,892)		(6,609)
Warranty reserves, end of period	$	10,050	$	7,150	$	10,050	$	7,150