AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS U. S.  Acquisitions—During the year ended December 31, 2010, the Company acquired 548 towers through multiple acquisitions in the United States for an aggregate purchase price of $329.3 million and contingent consideration of approximately $4.6 million.
The acquisition of these towers is consistent with the Company’s strategy to expand in selected geographic areas and have been accounted for as business combinations.
The following table summarizes the preliminary allocation of the aggregate purchase consideration paid and the amounts of assets acquired and liabilities assumed based on the estimated fair value of the acquired assets and assumed liabilities at the date of acquisition (in thousands):
## Table 0 ##
(1) Consists of customer relationships of approximately $205.4 million and network location intangibles of approximately $55.5 million.
The customer relationships and network location intangibles are being amortized on a straight-line basis over a period of 20 years.
(2) Goodwill is expected to be deductible for income tax purposes.
The goodwill was allocated to the domestic rental and management segment.
The allocation of the purchase price will be finalized upon completion of analyses of the fair value of the assets acquired and liabilities assumed.
South Africa Acquisition—On November 4, 2010, the Company entered into a definitive agreement with Cell C (Pty) Limited to purchase up to approximately 1,400 existing towers, and up to 1,800 additional towers that either are under construction or will be constructed, for an aggregate purchase price of up to approximately $430 million.
The Company anticipates closing the purchase of up to 1,400 existing towers during 2011, subject to customary closing conditions.
Other Transactions Coltel Transaction—On September 3, 2010, the Company entered into a definitive agreement to purchase the exclusive use rights for towers in Colombia from Colombia Telecomunicaciones S. A.  E. S. P.  (“Coltel”) until 2023, when ownership of the towers will transfer to the Company at no additional cost.
Pursuant to that agreement, the Company completed the purchase of exclusive use rights for 508 towers for an aggregate purchase price of $86.8 million during the year ended December 31, 2010.
The Company expects to complete the purchase of the exclusive use rights for an additional 180 towers by the end of 2011, subject to customary closing conditions.
The transaction has been accounted for as a capital lease, with the aggregated purchase price being allocated to property and equipment and non-current assets.
Joint Venture with MTN Group—On December 6, 2010, the Company entered into a definitive agreement with MTN Group Limited (“MTN Group”) to establish a joint venture in Ghana (“TowerCo Ghana”).
TowerCo Ghana, which will be managed by the Company, will be owned by a holding company of which a wholly owned American Tower subsidiary will hold a 51% share and a wholly owned MTN Group subsidiary (“MTN Ghana”) will hold a 49% share.
The transaction involves the sale of up to 1,876 of MTN Ghana’s existing sites to
D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) its homes constructed in these markets and of the warranty claims received in these markets as well as testing of specific homes.
Through September 30, 2010, the Company has spent approximately $4.9 million to remediate these homes.
While the Company will seek reimbursement for these remediation costs from various sources, it has not recorded a receivable for potential recoveries as of September 30, 2010.
The Company is continuing its investigation to determine if there are additional homes with the Chinese Drywall in these markets, which if found, would likely require the Company to further increase its warranty reserve for this matter in the future.
The remaining costs accrued to complete this remediation are based on the Company’s estimate of remaining repair costs.
If the actual costs to remediate the homes differ from the estimated costs, the Company may revise its warranty estimate.
As of September 30, 2010, the Company has been named as a defendant in several lawsuits in Louisiana and Florida pertaining to Chinese Drywall.
As these actions are still in their early stages, the Company is unable to express an opinion as to the amount of damages, if any, beyond what has been reserved for repair as discussed above.
Changes in the Company’s warranty liability during fiscal 2010 and 2009 were as follows:
## Table 1 ##
Insurance and Legal Claims The Company has been named as defendant in various claims, complaints and other legal actions including construction defect claims on closed homes and other claims and lawsuits incurred in the ordinary course of business, including employment matters, personal injury claims, land development issues, contract disputes and claims related to its mortgage activities.
The Company has established reserves for these contingencies, based on the expected costs of the claims.
The Company’s estimates of such reserves are based on the facts and circumstances of individual pending claims and historical data and trends, including costs relative to revenues, home closings and product types, and include estimates of the costs of construction defect claims incurred but not yet reported.
These reserve estimates are subject to ongoing revision as the circumstances of individual pending claims and historical data and trends change.
Adjustments to estimated reserves are recorded in the accounting period in which the change in estimate occurs.
The Company’s liabilities for these items were $571.3 million and $534.0 million at September 30, 2010 and 2009, respectively, and are included in homebuilding accrued expenses and other liabilities in the consolidated balance sheets.
Related to the contingencies for construction defect claims and estimates of construction defect claims incurred but not yet reported, and other legal claims and lawsuits incurred in the ordinary course of business, the Company estimates and records insurance receivables for these matters under applicable insurance policies when recovery is probable.
Additionally, the Company may have the ability to recover a portion of its legal expenses from its subcontractors when the Company has been named as an additional insured on their insurance policies.
Estimates of the Company’s insurance receivables related to these matters totaled $251.5 million and $234.6 million at September 30, 2010 and 2009, respectively, and are included in homebuilding other assets in the consolidated balance sheets.
Expenses related to these items were approximately $43.2 million, $58.3 million and $53.8 million in fiscal 2010, 2009 and 2008, respectively.
Management believes that, while the outcome of such contingencies cannot be predicted with certainty, the liabilities arising from these matters will not have a material adverse effect on the Company’s consolidated
The average price of our net sales orders in 2011 was $214,000, an increase of 3% from the $207,000 average in 2010.
The largest percentage increases were in our Southwest and West regions and were primarily due to opening new communities and adjusting our product mix, with higher priced communities representing more of our sales.
Our annual sales order cancellation rate was 27% in fiscal 2011, compared to 26% in fiscal 2010.
These cancellation rates were above historical levels, reflecting the challenges in most of our homebuilding markets.
## Table 2 ##
Sales Order Backlog Our homes in backlog at September 30, 2011 increased 18% from the prior year, with significant increases in our East, Midwest and Southeast regions.
The number of homes in backlog in these regions benefited from more active communities and improved third and fourth quarter sales as compared with the same periods of the prior year.
Homes Closed and Home Sales Revenue
## Table 3 ##
Home Sales Revenue Revenues from home sales decreased 18%, to $3,542.3 million (16,695 homes closed) in 2011 from $4,302.3 million (20,875 homes closed) in 2010.
The average selling price of homes closed during 2011 was $212,200, up 3% from the $206,100 average in 2010 which reflected a change in product mix rather than broad price appreciation.
During fiscal 2011, home sales revenues decreased in all of our market regions, resulting from decreases in the number of homes closed.
The number of homes closed in fiscal 2011 decreased 20% due to decreases in all of our market regions.
The federal homebuyer tax credit helped stimulate demand for new homes during fiscal 2010 and following its expiration we experienced a significant decline in demand for our homes that extended into fiscal 2011.
D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 75 Effective August 1, 2017, the Board of Directors authorized the repurchase of up to $500 million of the Company’s debt securities effective through July 31, 2018.
All of the $500 million authorization was remaining at September 30, 2017.
Financial Services: The Company’s mortgage subsidiary, DHI Mortgage, has a mortgage repurchase facility that is accounted for as a secured financing.
The mortgage repurchase facility provides financing and liquidity to DHI Mortgage by facilitating purchase transactions in which DHI Mortgage transfers eligible loans to the counterparties against the transfer of funds by the counterparties, thereby becoming purchased loans.
DHI Mortgage then has the right and obligation to repurchase the purchased loans upon their sale to third-party purchasers in the secondary market or within specified time frames from 45 to 60 days in accordance with the terms of the mortgage repurchase facility.
In February 2017, the mortgage repurchase facility was amended to increase its capacity to $600 million and extend its maturity date to February 23, 2018.
The capacity of the facility increases, without requiring additional commitments, to $725 million for approximately 30 days at each quarter end and to $800 million for approximately 45 days at fiscal year end.
The capacity can also be increased to $1.0 billion subject to the availability of additional commitments.
As of September 30, 2017, $540.1 million of mortgage loans held for sale with a collateral value of $520.0 million were pledged under the mortgage repurchase facility.
As a result of advance paydowns totaling $100.0 million, DHI Mortgage had an obligation of $420.0 million outstanding under the mortgage repurchase facility at September 30, 2017 at a 3.3% annual interest rate.
The mortgage repurchase facility is not guaranteed by D. R.  Horton, Inc.  or any of the subsidiaries that guarantee the Company’s homebuilding debt.
The facility contains financial covenants as to the mortgage subsidiary’s minimum required tangible net worth, its maximum allowable ratio of debt to tangible net worth and its minimum required liquidity.
These covenants are measured and reported to the lenders monthly.
At September 30, 2017, DHI Mortgage was in compliance with all of the conditions and covenants of the mortgage repurchase facility.
In the past, DHI Mortgage has been able to renew or extend its mortgage credit facility at a sufficient capacity and on satisfactory terms prior to its maturity and obtain temporary additional commitments through amendments to the credit facility during periods of higher than normal volumes of mortgages held for sale.
The liquidity of the Company’s financial services business depends upon its continued ability to renew and extend the mortgage repurchase facility or to obtain other additional financing in sufficient capacities.
NOTE E – CAPITALIZED INTEREST The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the years ended September 30, 2017, 2016 and 2015.

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Purchase Price Allocation
Non-current assets	$442
Property and equipment	64,564
Intangible assets -1	260,898
Current liabilities	-360
Long-term liabilities	-7,802
Fair value of net assets acquired	$317,742
Goodwill -2	16,131

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September 30,
2010	2009
(In millions)
Warranty liability, beginning of year	$59.6	$83.4
Warranties issued	19.5	16.8
Changes in liability for pre-existing warranties	-5.0	-16.0
Settlements made	-27.9	-24.6
Warranty liability, end of year	$46.2	$59.6

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Sales Order Backlog As of September 30,
Homes in Backlog	Value (In millions)	Average Selling Price
2011	2010	%Change	2011	2010	%Change	2011	2010	%Change
East	606	472	28%	$147.6	$103.4	43%	$243,600	$219,100	11%
Midwest	288	247	17%	80.6	70.1	15%	279,900	283,800	-1%
Southeast	1,285	812	58%	246.9	162.5	52%	192,100	200,100	-4%
South Central	1,710	1,691	1%	309.5	297.3	4%	181,000	175,800	3%
Southwest	426	405	5%	76.6	71.9	7%	179,800	177,500	1%
West	539	501	8%	175.0	145.6	20%	324,700	290,600	12%
4,854	4,128	18%	$1,036.2	$850.8	22%	$213,500	$206,100	4%

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Homes Closed and Home Sales Revenue Fiscal Year Ended September 30,
Homes Closed	Value (In millions)	Average Selling Price
2011	2010	%Change	2011	2010	%Change	2011	2010	%Change
East	1,932	2,114	-9%	$438.4	$492.2	-11%	$226,900	$232,800	-3%
Midwest	964	1,187	-19%	261.5	330.9	-21%	271,300	278,800	-3%
Southeast	3,546	4,049	-12%	691.8	745.2	-7%	195,100	184,000	6%
South Central	6,150	8,046	-24%	1,080.0	1,378.8	-22%	175,600	171,400	2%
Southwest	1,263	1,872	-33%	234.8	329.7	-29%	185,900	176,100	6%
West	2,840	3,607	-21%	835.8	1,025.5	-18%	294,300	284,300	4%
16,695	20,875	-20%	$3,542.3	$4,302.3	-18%	$212,200	$206,100	3%

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Question: What is the ratio of all value that are in the range of 400 and 1000 to the sum of value, in 2011?
Answer: 0.55501