Segment Information (Tables)

9 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables contain our revenue, operating income, and depreciation and amortization by segment for the periods presented:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
in thousands	2018		2017		2018		2017
Revenue
West	$	242,308	$	208,394	$	654,789	$	565,298
East	132,415		135,246		328,680		336,045
Southeast	136,798		134,948		355,719		341,954
Total revenue	$	511,521	$	478,588	$	1,339,188	$	1,243,297

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
in thousands	2018			2017			2018			2017
Operating income (a)
West	$	31,180		$	27,724		$	84,005		$	69,518
East (b)	13,642			14,544			29,964			26,633
Southeast	11,557			14,520			26,364			32,109
Segment total	56,379			56,788			140,333			128,260
Corporate and unallocated (c)	(38,799		)	(41,219		)	(102,247		)	(103,905		)
Total operating income	$	17,580		$	15,569		$	38,086		$	24,355

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
in thousands	2018		2017		2018		2017
Depreciation and amortization
West	$	1,983	$	1,641	$	4,936	$	4,434
East	700		742		1,690		1,869
Southeast	746		646		1,867		1,768
Segment total	3,429		3,029		8,493		8,071
Corporate and unallocated (c)	227		278		736		1,068
Total depreciation and amortization	$	3,656	$	3,307	$	9,229	$	9,139

^(a) Operating income is impacted by impairment and abandonment charges incurred during the periods presented (see Note 5).

^(b) Operating income for our East segment for the nine months ended June 30, 2017 was impacted by a charge to G&A of $2.7 million related to the write-off of a deposit on a legacy investment in a development site that we deemed uncollectible.

^(c) Corporate and unallocated operating loss includes amortization of capitalized interest; movement in capitalized indirects; expenses related to numerous shared services functions that benefit all segments but are not allocated to the operating segments reported above, including information technology, treasury, corporate finance, legal, branding and national marketing; and certain other amounts that are not allocated to our operating segments.

Corporate and unallocated depreciation and amortization represents depreciation and amortization related to assets held by our corporate functions that benefit all segments.

The following table contains capital expenditures by segment for the periods presented:

	Nine Months Ended
	June 30,
in thousands	2018		2017
Capital Expenditures
West	$	6,478	$	4,659
East	1,870		2,073
Southeast	2,215		1,705
Corporate and unallocated	3,331		224
Total capital expenditures	$	13,894	$	8,661

The following table contains our asset balance by segment as of June 30, 2018 and September 30, 2017:

in thousands	June 30, 2018		September 30, 2017
Assets
West	$	897,470	$	779,964
East	335,537		298,532
Southeast	370,270		331,618
Corporate and unallocated (a)	573,750		810,881
Total assets	$	2,177,027	$	2,220,995

^(a) Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirects, and other items that are not allocated to the segments.