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Unusual or Infrequent Items Impacting Quarterly Results
3 Months Ended
Dec. 31, 2015
Extraordinary and Unusual Items [Abstract]  
Unusual or Infrequent Items Impacting Quarterly Results

(11) Unusual or Infrequent Items Impacting Quarterly Results. Operating profit includes expenses of $450,000 in the first quarter of fiscal 2015 for costs incurred related to the planned spin-off of the transportation group.

 

Costs of operations for the land development and construction segment for the quarter ending December 31, 2015 includes a $3,000,000 positive benefit from settlement of environmental claims against our former tenant at the Riverfront on the Anacostia property (see Note 8).

 

Gain on investment land sold for the quarter ending December 31, 2015 includes $6,277,000 gain on the sale of phase 2 of Windlass Run residential property.