Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued 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	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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