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Discontinued Operations
 6 Months Ended
Mar. 31, 2013
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.
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, 2013 or September 30, 2012. 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, 2013 and 2012 were as follows:

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2013
 
2012
 
2013
 
2012
Total revenue
$
192

 
$
278

 
$
288

 
$
3,474

Home construction and land sales expenses
(160
)
 
147

 
(66
)
 
2,935

Inventory impairments and lot option abandonments
—

 
2

 
17

 
34

Gross profit
352

 
129

 
337

 
505

Commissions
—

 
13

 
—

 
171

General and administrative expenses
890

 
2,200

 
2,415

 
2,717

Depreciation and amortization
—

 
4

 
—

 
25

Operating loss
(538
)
 
(2,088
)
 
(2,078
)
 
(2,408
)
Other (loss) income, net
—

 
(8
)
 
69

 
(46
)
Loss from discontinued operations before income taxes
(538
)
 
(2,096
)
 
(2,009
)
 
(2,454
)
Benefit from income taxes
(9
)
 
(14
)
 
(31
)
 
(413
)
Loss from discontinued operations, net of tax
$
(529
)
 
$
(2,082
)
 
$
(1,978
)
 
$
(2,041
)