Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2016

Schedule of fair value assets measured on a non-recurring basis

These balances represent only those assets whose carrying values were adjusted to fair value during the periods presented:



(In thousands)	Level 1		Level 2		Level 3			Total
Year Ended September 30, 2016
Deferred compensation plan assets ^(a)	$	—	$	765	$	—		$	765
Development projects in progress^(b)	—		—		34,418		^(c)	34,418
Land held for sale ^(b)	—		—		19,973		^(d)	19,973
Year Ended September 30, 2015
Deferred compensation plan assets ^(a)	—		669		—			669
Land held for sale ^(b)	—		—		8,814		^(d)	8,814
Year Ended September 30, 2014
Available-for-sale marketable equity securities ^(a)	24,765		—		—			24,765
Deferred compensation plan assets ^(a)	—		517		—			517
Development projects in progress ^(b)	—		—		14,379		^(c)	14,379
Land held for sale ^(b)	—		—		4,117		^(d)	4,117

^(a) Measured at fair value on a recurring basis.

^(b)Measured at fair value on a non-recurring basis.

^(c)Amount represents the impairment-date fair value of the projects in progress that we impaired during the periods indicated. Refer to Note 5 for additional discussion.

^(d) Amount represents the impairment-date fair value of certain land held for sale assets that were impaired during periods indicated. Refer to Note 5 for additional discussion.

Schedule of carrying values and estimated fair values of other financial assets and liabilities

The following table presents the carrying value and estimated fair value of certain of our other financial liabilities as of September 30, 2016 and September 30, 2015:



	As of September 30, 2016				As of September 30, 2015
(In thousands)	Carrying Amount ^(a)		Fair Value		Carrying Amount ^(a)		Fair Value
Senior Notes ^(b)	$	1,207,526	$	1,253,614	$	1,415,332	$	1,412,173
Term Loan	52,669		52,669		—		—
Junior Subordinated Notes	59,870		59,870		57,803		57,803
	$	1,320,065	$	1,366,153	$	1,473,135	$	1,469,976

^(a) Carrying amounts are net of unamortized debt premium/discounts, debt issuance costs or accretion.

^(b) The estimated fair value for our publicly-held Senior Notes has been determined using quoted market rates (Level 2).

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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