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Discontinued Operations
12 Months Ended
Sep. 30, 2015
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 stockholder 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 separately in the accompanying consolidated statements of income for all periods presented. There were no material assets or liabilities related to our discontinued operations as of September 30, 2015 or September 30, 2014. Discontinued operations were not segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions in the consolidated statements of cash flows will not agree with the respective data in the consolidated statements of operations. The results of our discontinued operations in the consolidated statements of operations were as follows for the periods presented:
 
 
Fiscal Year Ended September 30,
(In thousands)
 
2015
 
2014
 
2013
Total revenue
 
$
1,030

 
$
3,864

 
$
288

Home construction and land sales expenses (a)
 
4,518

 
4,768

 
(319
)
Inventory impairments and lot option abandonments
 

 

 
17

Gross (loss) profit
 
(3,488
)
 
(904
)
 
590

General and administrative expenses (b)
 
380

 
(351
)
 
2,566

Operating loss
 
(3,868
)
 
(553
)
 
(1,976
)
Other income (loss), net
 
5

 
8

 
77

Loss from discontinued operations before income taxes
 
(3,863
)
 
(545
)
 
(1,899
)
Benefit from income taxes
 
(1,358
)
 
(5
)
 
(195
)
Loss from discontinued operations, net of tax
 
$
(2,505
)
 
$
(540
)
 
$
(1,704
)

(a) The year ended September 30, 2015 includes a $3.7 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operations in Denver, Colorado.
(b) The year ended September 30, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.