Discontinued Operations (Tables)

3 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

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.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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