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Discontinued Operations
 9 Months Ended
Jun. 30, 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 June 30, 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 nine months ended June 30, 2012 and 2011 were as follows (in thousands):

 
Three Months Ended
 
Nine Months Ended
 
June 30,
 
June 30,
 
2012
 
2011
 
2012
 
2011
Total revenue
$
2,207

 
$
4,717

 
$
5,681

 
$
14,627

Home construction and land sales expenses
2,509

 
4,002

 
5,444

 
11,236

Inventory impairments and lot option abandonments
545

 
2,494

 
579

 
2,814

Gross (loss) profit
(847
)
 
(1,779
)
 
(342
)
 
577

Commissions
46

 
229

 
217

 
901

General and administrative expenses (a)
919

 
908

 
3,636

 
2,652

Depreciation and amortization
10

 
282

 
35

 
406

Operating (loss) income
(1,822
)
 
(3,198
)
 
(4,230
)
 
(3,382
)
Equity in loss of unconsolidated entities
(1
)
 
(164
)
 
(37
)
 
(513
)
Other (loss) income, net
—

 
—

 
(10
)
 
26

Loss from discontinued operations before income taxes
(1,823
)
 
(3,362
)
 
(4,277
)
 
(3,869
)
Provision for (benefit from) income taxes
5

 
3

 
(408
)
 
9

Loss from discontinued operations, net of tax
$
(1,828
)
 
$
(3,365
)
 
$
(3,869
)
 
$
(3,878
)

(a)
The nine months ended June 30, 2012, includes approximately $2.9 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.