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Discontinued Operations
 12 Months Ended
Sep. 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 stockholder 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.
We have separately classified the results of operations of our discontinued operations in the accompanying consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of September 30, 2012 or September 30, 2011. Discontinued operations were not segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions in the consolidated statements of cash flows will not agree with the respective data in the consolidated statements of operations. The results of our discontinued operations in the consolidated statements of operations for the fiscal years ended September 30, 2012, 2011, and 2010 were as follows (in thousands):

 
 
Fiscal Year Ended September 30,
 
 
2012
 
2011
 
2010
Total revenue
 
$
6,029

 
$
42,806

 
$
51,856

Home construction and land sales expenses
 
6,057

 
38,157

 
43,374

Inventory impairments and lot option abandonments
 
579

 
2,906

 
2,273

Gross (loss) profit
 
(607
)
 
1,743

 
6,209

Commissions
 
217

 
1,167

 
2,219

General and administrative expenses (a)
 
9,206

 
4,270

 
7,460

Depreciation and amortization
 
35

 
455

 
736

Operating loss
 
(10,065
)
 
(4,149
)
 
(4,206
)
Equity in loss of unconsolidated entities
 
(37
)
 
(518
)
 
(15,543
)
Other (loss) income, net
 
(1
)
 
55

 
437

Loss from discontinued operations before income taxes
 
(10,103
)
 
(4,612
)
 
(19,312
)
(Benefit from) provision for income taxes
 
(400
)
 
63

 
(14,833
)
Loss from discontinued operations, net of tax
 
$
(9,703
)
 
$
(4,675
)
 
$
(4,479
)

(a)
General and administrative expenses for the fiscal year ended September 30, 2012 primarily includes expense for the wind-down of our NW Florida operations, legal fees and potential liability related to outstanding litigation and other matters in Denver, Colorado and legal fees and other expenses related to BMC's settlement agreements related to our prior mortgage operations (see Note 9 for additional information).