Commitments and Contingencies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Commitments and Contingencies Disclosure [Abstract] |
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| Schedule of Warranty Reserves |
Warranty reserve activity consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Warranty reserves, beginning of period | $ | 125,422 | | | $ | 113,865 | | | $ | 124,103 | | | $ | 116,150 | | | Warranty reserves accrued | 7,314 | | | 9,344 | | | 12,642 | | | 16,532 | | | | | | | | | | | Warranty expenditures | (5,254) | | | (14,804) | | | (9,263) | | | (24,277) | | | Warranty reserves, end of period | $ | 127,482 | | | $ | 108,405 | | | $ | 127,482 | | | $ | 108,405 | |
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| Schedule of Lease Costs and Other Information |
See below for additional information on leases (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | Lease Cost | | | | | | | | | Operating lease cost (included in SG&A expense) | $ | 3,494 | | | $ | 3,411 | | | $ | 7,031 | | | $ | 6,633 | | | Ground lease cost (included in other operations expense) | 812 | | | 793 | | | 1,625 | | | 1,587 | | | Sublease income, operating leases | — | | | — | | | — | | | — | | | Sublease income, ground leases (included in other operations revenue) | (824) | | | (805) | | | (1,649) | | | (1,610) | | | Net lease cost | $ | 3,482 | | | $ | 3,399 | | | $ | 7,007 | | | $ | 6,610 | | | | | | | | | | | Other information | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | | Operating lease cash flows (included in operating cash flows) | $ | 3,809 | | | $ | 3,439 | | | $ | 7,514 | | | $ | 6,673 | | | Ground lease cash flows (included in operating cash flows) | $ | 664 | | | $ | 664 | | | $ | 1,327 | | | $ | 1,327 | | | Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 2,647 | | | $ | 17,095 | | | $ | 2,816 | | | $ | 17,925 | |
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Weighted-average discount rate: | | | | | Operating leases | 5.3 | % | | 5.4 | % | | Ground leases | 10.2 | % | | 10.2 | % | | Weighted-average remaining lease term (in years): | | | | | Operating leases | 5.3 | | 5.7 | | Ground leases | 42.1 | | 42.5 |
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| Schedule of Future Minimum Lease Payments |
The future minimum lease payments under our operating leases are as follows (in thousands): | | | | | | | | | | | | | Property, Equipment and Other Leases | | Ground Leases (1) | | Remaining in 2026 | $ | 6,546 | | | $ | 1,619 | | | 2027 | 14,223 | | | 3,237 | | | 2028 | 13,876 | | | 3,237 | | | 2029 | 12,361 | | | 3,237 | | | 2030 | 8,803 | | | 3,237 | | | Thereafter | 12,013 | | | 68,926 | | | Total lease payments | $ | 67,822 | | | $ | 83,493 | | | Less: Interest | 9,167 | | | 56,471 | | | Present value of operating lease liabilities | $ | 58,655 | | | $ | 27,022 | |
__________ (1) Ground leases are fully subleased through 2041, representing $49.7 million of the $83.5 million future ground lease obligations.
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