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Discontinued Operations
12 Months Ended
Sep. 30, 2018
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 stockholder 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. During our fiscal 2015, we made the decision that we would not continue to reinvest in new homebuilding assets in our New Jersey division; therefore, it is no longer considered an active operation. However, the results of our New Jersey division are not included in the discontinued operations information shown below.
We have classified the results of operations of our discontinued operations separately in the accompanying consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of September 30, 2018 or September 30, 2017. Discontinued operations were not segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions in the consolidated statements of cash flows will not agree with the respective data in the consolidated statements of operations. The results of our discontinued operations in the consolidated statements of operations for the periods presented were as follows:
 
Fiscal Year Ended September 30,
(In thousands)
2018
 
2017
 
2016
Total revenue
$
633

 
$

 
$

Home construction and land sales expenses
612

 
72

 
668

Inventory impairments and abandonments
450

 

 

Gross loss
(429
)
 
(72
)
 
(668
)
General and administrative expenses
101

 
169

 
137

Operating loss
(530
)
 
(241
)
 
(805
)
Equity in income of unconsolidated entities
93

 
31

 
12

Other (expense) income, net
(4
)
 
(5
)
 
6

Loss from discontinued operations before income taxes
(441
)
 
(215
)
 
(787
)
Benefit from income taxes
(112
)
 
(75
)
 
(275
)
Loss from discontinued operations, net of tax
$
(329
)
 
$
(140
)
 
$
(512
)