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Discontinued Operations
 6 Months Ended
Mar. 31, 2014
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, 2014 or September 30, 2013. 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, 2014 and 2013 were as follows:

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2014
 
2013
 
2014
 
2013
Total revenue
$
—

 
$
192

 
$
464

 
$
288

Home construction and land sales expenses
1,497

 
(160
)
 
2,952

 
(66
)
Inventory impairments and lot option abandonments
—

 
—

 
—

 
17

Gross (loss) profit
(1,497
)
 
352

 
(2,488
)
 
337

General and administrative expenses (a)
(1,750
)
 
890

 
(1,561
)
 
2,415

Operating income (loss)
253

 
(538
)
 
(927
)
 
(2,078
)
Other income, net
—

 
—

 
—

 
69

Income (loss) from discontinued operations before income taxes
253

 
(538
)
 
(927
)
 
(2,009
)
(Benefit from) provision for income taxes
—

 
(9
)
 
10

 
(31
)
Income (loss) from discontinued operations, net of tax
$
253

 
$
(529
)
 
$
(937
)
 
$
(1,978
)

(a) The three and six months ended March 31, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.