XML 44 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations - Results of Discontinued Operations (Details) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Home construction and land sales expenses $ 283,857,000 $ 260,324,000 $ 739,295,000 $ 712,930,000
Inventory impairments and option contract abandonments 2,010,000 0 2,921,000 2,229,000
Gross profit 68,804,000 54,115,000 175,646,000 134,084,000
General and administrative expenses 35,994,000 29,612,000 97,032,000 84,735,000
Operating income 15,088,000 8,472,000 32,237,000 5,182,000
Other (expense) income, net (10,205,000) (14,036,000) (39,689,000) (45,858,000)
Benefit from income taxes (1,769,000) (432,000) (1,783,000) (1,028,000)
Income (loss) from discontinued operations, net of tax 838,000 (346,000) (99,000) (2,324,000)
Discontinued Operations
       
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Litigation settlement cost 1,600,000      
Proceeds from Legal Settlements     1,900,000  
Total revenue 0 0 464,000 288,000
Home construction and land sales expenses (1,343,000) [1] 37,000 [1] 1,609,000 [1] (29,000) [1]
Inventory impairments and option contract abandonments 0 0 0 17,000
Gross profit 1,343,000 (37,000) (1,145,000) 300,000
General and administrative expenses 397,000 [2] 346,000 [2] (1,164,000) [2] 2,761,000 [2]
Operating income 946,000 (383,000) 19,000 (2,461,000)
Other (expense) income, net 0 (1,000) 0 68,000
Income (loss) from discontinued operations before income taxes 946,000 (384,000) 19,000 (2,393,000)
Benefit from income taxes 108,000 (38,000) 118,000 (69,000)
Income (loss) from discontinued operations, net of tax $ 838,000 $ (346,000) $ (99,000) $ (2,324,000)
[1] 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.
[2] 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.