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Segment Information
 12 Months Ended
Sep. 30, 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 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.
 
Fiscal Year Ended September 30,
(In thousands)
2013
 
2012
 
2011
Revenue
 
 
 
 
 
West
$
547,636

 
$
391,648

 
$
233,133

East
483,685

 
402,466

 
343,826

Southeast
256,256

 
210,449

 
165,107

Pre-Owned
—

 
1,114

 
339

Continuing Operations
$
1,287,577

 
$
1,005,677

 
$
742,405


 
Fiscal Year Ended September 30,
(In thousands)
2013
 
2012
 
2011
Operating income (loss)
 
 
 
 
 
West
$
59,084

 
$
15,147

 
$
(28,406
)
East
40,670

 
9,152

 
11,611

Southeast
23,030

 
14,815

 
(2,740
)
Pre-Owned
—

 
(229
)
 
(724
)
Segment total
122,784

 
38,885

 
(20,259
)
Corporate and unallocated (a)
(95,523
)
 
(100,943
)
 
(111,986
)
Total operating income (loss)
$
27,261

 
$
(62,058
)
 
$
(132,245
)

 
Fiscal Year Ended September 30,
(In thousands)
2013
 
2012
 
2011
Depreciation and amortization
 
 
 
 
 
West
$
5,305

 
$
4,980

 
$
3,651

East
3,479

 
3,536

 
2,621

Southeast
1,683

 
1,710

 
885

Pre-Owned
—

 
330

 
69

Segment total
10,467

 
10,556

 
7,226

Corporate and unallocated (a)
2,317

 
2,954

 
3,027

Continuing Operations
$
12,784

 
$
13,510

 
$
10,253


 
Fiscal Year Ended September 30,
(In thousands)
2013
 
2012
 
2011
Capital Expenditures
 
 
 
 
 
West
$
4,835

 
$
3,031

 
$
4,041

East
1,915

 
3,532

 
2,051

Southeast
1,311

 
1,814

 
1,631

Pre-Owned (b)
—

 
7,933

 
11,415

Corporate and unallocated
2,700

 
1,053

 
1,376

Consolidated total
$
10,761

 
$
17,363

 
$
20,514


(In thousands)
September 30, 2013
 
September 30, 2012
Assets
 
 
 
West
$
680,346

 
$
618,805

East
369,937

 
320,404

Southeast
228,814

 
160,868

Corporate and unallocated (c)
707,692

 
882,141

Consolidated total
$
1,986,789

 
$
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 fiscal year ended September 30, 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 through May 2, 2012 and September 30, 2011, respectively.
(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.