Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2017

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Depreciation is computed on a straight-line basis based on estimated useful lives as follows:

Asset Class	Useful Lives
Information systems	Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures and computer and office equipment	3 - 7 years
Model and sales office improvements	Lesser of estimated useful life of the asset or estimated life of the community
Leasehold improvements	Lesser of the lease term or the estimated useful life of the asset

The following table presents our property and equipment as of September 30, 2017 and September 30, 2016:

(In thousands)	September 30, 2017			September 30, 2016
Model furnishings and sales office improvements	$	28,589		$	28,036
Information systems	14,326			14,326
Furniture, fixtures and office equipment	10,971			12,247
Leasehold improvements	3,698			4,069
Property and equipment, gross	57,584			58,678
Less: Accumulated Depreciation	(40,018		)	(39,540		)
Property and equipment, net	$	17,566		$	19,138