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Segment Information
 6 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
We have three homebuilding segments operating in 16 states. Beginning in the second quarter of fiscal 2011, through May 2, 2012, we operated our Pre-Owned Homes business in Arizona and Nevada. The results below include operating results of our Pre-Owned segment through May 2, 2012. Effective May 3, 2012, we contributed our Pre-Owned Homes business for an investment in an unconsolidated entity (see Note 3 for additional information). Revenues in our homebuilding segments are derived from the sale of homes which we construct and from land and lot sales. Revenues from our Pre-Owned segment were derived from the rental of previously owned homes purchased and improved by the Company. Our reportable segments have been determined on a basis that is used internally by management for evaluating segment performance and resource allocations. The reportable homebuilding segments and all other homebuilding operations, not required to be reported separately, include operations conducting business in the following states:
West: Arizona, California, Nevada and Texas
East: Delaware, Indiana, Maryland, New Jersey, New York, Pennsylvania, Tennessee (Nashville) and Virginia
Southeast: Florida, Georgia, North Carolina (Raleigh) and South Carolina
Management’s evaluation of segment performance is based on segment operating income. Operating income for our homebuilding segments is defined as homebuilding, land sale and other revenues less home construction, land development and land sales expense, commission expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to our homebuilding segments. Operating income for our Pre-Owned segment was historically defined as rental revenues less home repairs and operating expenses, home sales expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to the segment. The accounting policies of our segments are those described in Note 1 above and Note 1 to our consolidated financial statements in our 2012 Annual Report.
 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2013
 
2012
 
2013
 
2012
Revenue
 
 
 
 
 
 
 
West
$
118,996

 
$
77,857

 
$
229,122

 
$
148,634

East
117,129

 
75,192

 
213,668

 
157,010

Southeast
51,777

 
38,070

 
92,014

 
73,638

Pre-Owned
—

 
524

 
—

 
909

Continuing Operations
$
287,902

 
$
191,643

 
$
534,804

 
$
380,191


 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2013
 
2012
 
2013
 
2012
Operating income/(loss)
 
 
 
 
 
 
 
West
$
10,045

 
$
3,377

 
$
18,403

 
$
2,786

East
10,313

 
(659
)
 
16,501

 
147

Southeast
2,050

 
1,180

 
4,380

 
1,965

Pre-Owned
—

 
(62
)
 
—

 
(200
)
Segment total
22,408

 
3,836

 
39,284

 
4,698

Corporate and unallocated (a)
(22,097
)
 
(21,530
)
 
(42,574
)
 
(39,091
)
Total operating income (loss)
311

 
(17,694
)
 
(3,290
)
 
(34,393
)
Equity in income (loss) of unconsolidated entities
68

 
4

 
104

 
(73
)
Loss on extinguishment of debt
(3,638
)
 
(2,747
)
 
(3,638
)
 
(2,747
)
Other expense, net
(16,195
)
 
(18,265
)
 
(31,822
)
 
(36,538
)
Loss from continuing operations before income taxes
$
(19,454
)
 
$
(38,702
)
 
$
(38,646
)
 
$
(73,751
)

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2013
 
2012
 
2013
 
2012
Depreciation and amortization
 
 
 
 
 
 
 
West
$
1,185

 
$
1,090

 
$
2,207

 
$
1,870

East
900

 
805

 
1,583

 
1,310

Southeast
339

 
374

 
657

 
713

Pre-Owned
—

 
154

 
—

 
273

Segment total
2,424

 
2,423

 
4,447

 
4,166

Corporate and unallocated (a)
669

 
767

 
1,361

 
1,427

Continuing Operations
$
3,093

 
$
3,190

 
$
5,808

 
$
5,593


 
Six Months Ended
 
March 31,
(In thousands)
2013
 
2012
Capital Expenditures
 
 
 
West
$
1,866

 
$
1,415

East
611

 
1,883

Southeast
482

 
1,078

Pre-Owned (b)
910

 
7,906

Corporate and unallocated
—

 
206

Consolidated total
$
3,869

 
$
12,488


(In thousands)
March 31, 2013
 
September 30, 2012
Assets
 
 
 
West
$
633,065

 
$
618,805

East
300,748

 
320,404

Southeast
193,122

 
160,868

Corporate and unallocated (c)
819,775

 
882,141

Consolidated total
$
1,946,710

 
$
1,982,218


(a)
Corporate and unallocated includes amortization of capitalized interest and numerous shared services functions that benefit all segments, the costs of which are not allocated to the operating segments reported above including information technology, national sourcing and purchasing, treasury, corporate finance, legal, branding and other national marketing costs. For the six months ended March 31, 2012, corporate and unallocated also includes an $11 million recovery related to old water intrusion warranty and related legal expenditures.
(b)
Capital expenditures represent the purchase of previously owned homes during the six months ended March 31, 2012.
(c)
Primarily consists of cash and cash equivalents, consolidated inventory not owned, deferred taxes, capitalized interest and other items that are not allocated to the segments.