XML 69 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable (Details 1) (Homebuilding [Member], USD $)
In Millions, unless otherwise specified
12 Months Ended
Sep. 30, 2013
6.125% senior notes due 2014, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount $ 145.9
Date Issued Jul. 01, 2004
Date Due Jan. 15, 2014
Redeemable Prior to Maturity No
Effective Interest Rate 6.30% [1]
2% convertible senior notes due 2014, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 500.0 [2]
Date Issued May 01, 2009 [2]
Date Due May 15, 2014 [2]
Redeemable Prior to Maturity No [2]
Effective Interest Rate 9.90% [1],[2]
5.625% senior notes due 2014, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 137.9
Date Issued Sep. 01, 2004
Date Due Sep. 15, 2014
Redeemable Prior to Maturity No
Effective Interest Rate 5.80% [1]
5.25% senior notes due 2015, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 157.7
Date Issued Feb. 01, 2005
Date Due Feb. 15, 2015
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 5.40% [1]
5.625% senior notes due 2016, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 170.2
Date Issued Dec. 01, 2004
Date Due Jan. 15, 2016
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 5.80% [1]
6.5% senior notes due 2016, net [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 372.7
Date Issued Apr. 01, 2006
Date Due Apr. 15, 2016
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 6.60% [1]
4.75% senior notes due 2017 [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 350.0
Date Issued May 01, 2012
Date Due May 15, 2017
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 5.00% [1]
3.625% senior notes due 2018 [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 400.0
Date Issued Feb. 01, 2013
Date Due Feb. 15, 2018
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 3.80% [1]
4.375% senior notes due 2022 [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 350.0
Date Issued Sep. 01, 2012
Date Due Sep. 15, 2022
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 4.50% [1]
4.75 senior notes due 2023 [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount 300.0
Date Issued Feb. 01, 2013
Date Due Feb. 15, 2023
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 4.90% [1]
5.75% senior notes due 2023 [Member]
 
Summary of unsecured homebuilding notes payable outstanding  
Principal Amount $ 400.0
Date Issued Aug. 01, 2013
Date Due Aug. 15, 2023
Redeemable Prior to Maturity Yes [3]
Effective Interest Rate 5.90% [1]
[1] Interest is payable semi-annually on each of the series of senior and convertible senior notes. The annual effective interest rate is calculated after giving effect to the amortization of the financing costs and any discount associated with the note issuance.
[2] Holders of the 2% convertible senior notes may convert all or any portion of their notes at their option at any time prior to maturity. The conversion rate is subject to adjustment in certain events, which include the payment of cash dividends in excess of $0.0375 per share in any fiscal quarter, but will not be adjusted for accrued interest, including any additional interest. As a result of the cash dividend of $0.15 per share which was paid in the first quarter of fiscal 2013 (see Note I), the conversion rate of the 2% convertible senior notes increased from 76.5697 to 77.18004 shares of the Company's common stock per $1,000 principal amount of senior notes. The new conversion rate is equivalent to a conversion price of approximately $12.96 per share of common stock, compared to the initial conversion price of $13.06 per share. If all of the 2% convertible senior notes due 2014 were converted into the Company's common stock, the Company would issue 38.6 million shares of its common stock as a result of the conversion. If the convertible senior notes are eligible for conversion at maturity, the Company may redeem them with cash, shares of its common stock or a combination thereof at its election. The effective interest rate of the convertible senior notes is 9.9% after giving effect to the amortization of the discount and financing costs.
[3] The Company may redeem the notes in whole at any time or in part from time to time, at a redemption price equal to the greater of 100% of their principal amount or the present value of the remaining scheduled payments on the redemption date, plus accrued interest.