XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]        
Total revenue $ 421,260 $ 455,178 $ 823,300 $ 827,667
Home construction and land sales expenses 356,329 380,101 696,707 691,761
Inventory impairments and abandonments 147,611 0 148,618 0
Gross (loss) profit (82,680) 75,077 (22,025) 135,906
Commissions 15,998 17,334 31,735 31,690
General and administrative expenses 37,372 40,852 76,014 78,137
Depreciation and amortization 2,900 3,066 5,670 5,573
Operating (loss) income (138,950) 13,825 (135,444) 20,506
Equity in income of unconsolidated entities 81 256 17 155
Gain (loss) on extinguishment of debt 216 0 216 (25,904)
Other expense, net (337) (1,453) (379) (4,598)
Loss from continuing operations before income taxes (138,990) 12,628 (135,590) (9,841)
(Benefit) expense from income taxes (38,158) 1,012 (42,080) 109,118
(Loss) income from continuing operations (100,832) 11,616 (93,510) (118,959)
Loss from discontinued operations, net of tax (30) (58) (41) (430)
Net (loss) income $ (100,862) $ 11,558 $ (93,551) $ (119,389)
Weighted average number of shares:        
Basic (in shares) 30,714 32,140 31,263 32,097
Diluted (in shares) 30,714 32,721 31,263 32,097
Basic (loss) earnings per share:        
Continuing Operations (in dollars per share) $ (3.28) $ 0.36 $ (2.99) $ (3.71)
Discontinued Operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Total (in dollars per share) (3.28) 0.36 (2.99) (3.72)
Diluted (loss) earnings per share:        
Continuing operations (in dollars per share) (3.28) 0.36 (2.99) (3.71)
Discontinued operations (in dollars per share) 0.00 (0.01) 0.00 (0.01)
Total (in dollars per share) $ (3.28) $ 0.35 $ (2.99) $ (3.72)