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Discontinued Operations
 9 Months Ended
Jun. 30, 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 June 30, 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 nine months ended June 30, 2014 and 2013 were as follows:

 
Three Months Ended
 
Nine Months Ended
 
June 30,
 
June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Total revenue
$
—

 
$
—

 
$
464

 
$
288

Home construction and land sales expenses (a)
(1,343
)
 
37

 
1,609

 
(29
)
Inventory impairments and lot option abandonments
—

 
—

 
—

 
17

Gross profit (loss)
1,343

 
(37
)
 
(1,145
)
 
300

General and administrative expenses (b)
397

 
346

 
(1,164
)
 
2,761

Operating income (loss)
946

 
(383
)
 
19

 
(2,461
)
Other (expense) income, net
—

 
(1
)
 
—

 
68

Income (loss) from discontinued operations before income taxes
946

 
(384
)
 
19

 
(2,393
)
Provision for (benefit from) income taxes
108

 
(38
)
 
118

 
(69
)
Income (loss) from discontinued operations, net of tax
$
838

 
$
(346
)
 
$
(99
)
 
$
(2,324
)

(a) The three months ended June 30, 2014 includes a $1.6 million settlement recovery of a legal case related to construction defects in Denver, Colorado.
(b) The nine months ended June 30, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.