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Discontinued Operations
 6 Months Ended
Mar. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
We continually review each of our markets in order to refine our overall investment strategy and to optimize capital and resource allocations in an effort to enhance our financial position and to increase shareholder value. This review entails an evaluation of both external market factors and our position in each market and over time has resulted in the decision to discontinue certain of our homebuilding operations. During the third quarter of fiscal 2011, we decided to discontinue our homebuilding operations in Northwest Florida which has historically been reported in our Southeast segment.
We have classified the results of operations of our discontinued operations in the accompanying unaudited condensed consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of March 31, 2012 or September 30, 2011. Discontinued operations were not segregated in the unaudited condensed consolidated statements of cash flows. Therefore, amounts for certain captions in the unaudited condensed consolidated statements of cash flows will not agree with the respective data in the unaudited condensed consolidated statements of operations. The results of our discontinued operations in the unaudited condensed Consolidated Statements of Operations for the three and six months ended March 31, 2012 and 2011 were as follows (in thousands):

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
 
2012
 
2011
 
2012
 
2011
Total revenue
$
278

 
$
3,942

 
$
3,474

 
$
9,910

Home construction and land sales expenses
147

 
2,697

 
2,935

 
7,234

Inventory impairments and lot option abandonments
2

 
38

 
34

 
320

Gross profit
129

 
1,207

 
505

 
2,356

Commissions
13

 
266

 
171

 
672

General and administrative expenses (a)
2,200

 
693

 
2,717

 
1,744

Depreciation and amortization
4

 
62

 
25

 
124

Operating loss (income)
(2,088
)
 
186

 
(2,408
)
 
(184
)
Equity in loss of unconsolidated joint ventures
(7
)
 
(174
)
 
(36
)
 
(349
)
Other (loss) income, net
(1
)
 
23

 
(10
)
 
26

(Loss) income from discontinued operations before income taxes
(2,096
)
 
35

 
(2,454
)
 
(507
)
Benefit (provision) from income taxes
(14
)
 
12

 
(413
)
 
6

(Loss) income from discontinued operations, net of tax
$
(2,082
)
 
$
23

 
$
(2,041
)
 
$
(513
)

(a)
The three and six months ended March 31, 2012, includes approximately $2 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.