XML 18 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Total revenue $ 314,439 $ 254,555 $ 849,243 $ 634,746
Home construction and land sales expenses 260,324 227,505 712,930 560,564
Inventory impairments and option contract abandonments 0 5,819 2,229 10,492
Gross profit 54,115 21,231 134,084 63,690
Commissions 13,078 10,776 35,406 27,522
General and administrative expenses 29,612 27,867 84,735 82,380
Depreciation and amortization 2,953 3,743 8,761 9,336
Operating income (loss) 8,472 (21,155) 5,182 (55,548)
Equity in (loss) income of unconsolidated entities (310) 48 (206) (25)
Loss on extinguishment of debt 0 0 (3,638) (2,747)
Other expense, net (14,036) (16,804) (45,858) (53,342)
Loss from continuing operations before income taxes (5,874) (37,911) (44,520) (111,662)
(Benefit from) provision for income taxes (432) 145 (1,028) (36,438)
Loss from continuing operations (5,442) (38,056) (43,492) (75,224)
Loss from discontinued operations, net of tax (346) (1,828) (2,324) (3,869)
Net loss $ (5,788) $ (39,884) $ (45,816) $ (79,093)
Weighted average number of shares:        
Weighted Average Number of Shares Outstanding, Basic and Diluted 24,770 19,810 24,571 16,777
Earnings Per Share [Abstract]        
Loss from Continuing Operations, Per Basic and Diluted Share $ (0.22) $ (1.92) $ (1.77) $ (4.48)
Loss from Discontinued Operations, Net of Tax, Per Basic and Diluted Share $ (0.01) $ (0.09) $ (0.09) $ (0.23)
Earnings Per Share, Basic and Diluted $ (0.23) $ (2.01) $ (1.86) $ (4.71)