XML 81 R80.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Home construction and land sales expenses                 $ 1,192,001 $ 1,070,814 $ 888,379
Inventory impairments and option contract abandonments 5,386 2,010 880 31 404 0 2,025 204 8,307 2,633 12,210
Gross profit 87,813 [1] 68,804 [1] 52,172 [1] 54,670 [1] 80,046 [1] 54,115 [1] 43,885 [1] 36,084 [1] 263,459 214,130 105,088
Commissions                 58,028 52,922 43,585
General and administrative expenses                 136,463 121,163 110,051
Depreciation and amortization                 13,279 12,784 13,510
Operating income (loss) 23,452 15,088 5,617 11,532 22,079 8,472 311 (3,601) 55,689 27,261 (62,058)
Other expense, net                 (49,191) (58,165) (69,119)
Benefit from income taxes                 (41,797) (3,489) (40,347)
Loss from discontinued operations, net of tax                 (540) (1,704) (9,703)
Discontinued Operations
                     
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Total revenue                 3,864 288 6,029
Home construction and land sales expenses                 4,768 (319) 6,057
Inventory impairments and option contract abandonments                 0 17 579
Gross profit                 (904) 590 (607)
Commissions                 0 0 217
General and administrative expenses                 (351) [2] 2,566 [2] 9,206 [2]
Depreciation and amortization                 0 0 35
Operating income (loss)                 (553) (1,976) (10,065)
Other expense, net                 8 77 (38)
Loss from discontinued operations before income taxes                 (545) (1,899) (10,103)
Benefit from income taxes                 (5) (195) (400)
Loss from discontinued operations, net of tax                 $ (540) $ (1,704) $ (9,703)
[1] (a)Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:(In thousands) Fiscal 2014 Fiscal 20131st Quarter $31 $2042nd Quarter 880 2,0253rd Quarter 2,010 —4th Quarter 5,386 404 $8,307 $2,633
[2] General and administrative expenses for the fiscal year ended September 30, 2012 primarily includes expense for the wind-down of our NW Florida operations, legal fees and potential liability related to outstanding litigation and other matters in Denver, Colorado and legal fees and other expenses related to BMC's settlement agreements related to our prior mortgage operations.