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Inventory Impairments and Land Option Cost Write-Offs
3 Months Ended
Dec. 31, 2013
Inventory Impairments and Land Option Cost Write-Offs [Abstract]  
INVENTORY IMPAIRMENTS AND LAND OPTION COST WRITE-OFFS
INVENTORY

At December 31, 2013, the Company reviewed the performance and outlook for all of its land inventories and communities for indicators of potential impairment and performed detailed impairment evaluations and analyses when necessary. The Company performed detailed impairment evaluations of communities with a combined carrying value of $136.1 million and determined that no communities were impaired. Accordingly, no impairment charges were recorded during the three months ended December 31, 2013, and there were no impairment charges recorded in the same period of 2012.

During the three months ended December 31, 2013 and 2012, the Company wrote off $2.6 million and $1.3 million, respectively, of earnest money deposits and pre-acquisition costs related to land option contracts which are expected to be terminated.

At December 31, 2013 and September 30, 2013, the Company had $30.6 million and $34.0 million, respectively, of inventories that met the criteria of land held for sale, which is primarily included in land held for development and residential land and lots — developed and under development in the consolidated balance sheets.