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Discontinued Operations
 3 Months Ended
Dec. 31, 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 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 separately in the accompanying unaudited consolidated statements of income for all periods presented. There were no material assets or liabilities related to our discontinued operations as of December 31, 2015 or September 30, 2015. Discontinued operations were not segregated in the unaudited consolidated statements of cash flows. Therefore, amounts for certain captions in the unaudited consolidated statements of cash flows will not agree with the respective data in the unaudited consolidated statements of income. The results of our discontinued operations in the unaudited consolidated statements of income for the periods presented were as follows:
 
Three Months Ended
 
December 31,
(In thousands)
2015
 
2014
Total revenue
$
—

 
$
—

Home construction and land sales expenses (a)
308

 
3,951

Gross loss
(308
)
 
(3,951
)
General and administrative expenses
2

 
304

Operating loss
(310
)
 
(4,255
)
Other income (expense), net
—

 
—

Loss from discontinued operations before income taxes
(310
)
 
(4,255
)
Benefit from income taxes
(110
)
 
(1
)
Loss from discontinued operations, net of tax
$
(200
)
 
$
(4,254
)
(a) The three months ended December 31, 2014 included a $4.0 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operations in Denver, Colorado.