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Discontinued Operations
6 Months Ended
Mar. 31, 2020
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 condensed consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of March 31, 2020 or September 30, 2019. Discontinued operations were not segregated in the condensed consolidated statements of cash flows. Therefore, amounts for certain captions in the condensed consolidated statements of cash flows will not agree with the respective data in the condensed consolidated statements of operations. The results of our discontinued operations in the condensed consolidated statements of operations for the periods presented were as follows:
 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
in thousands
2020
 
2019
 
2020
 
2019
Total revenue
$

 
$

 
$

 
$
55

Home construction and land sales expenses
(16
)
 
6

 
(15
)
 
39

Gross profit (loss)
16

 
(6
)
 
15

 
16

General and administrative expenses
16

 
34

 
90

 
67

Operating loss

 
(40
)
 
(75
)
 
(51
)
Equity in loss of unconsolidated entities

 

 

 
(1
)
Other expense, net
(1
)
 

 
(1
)
 
(1
)
Loss from discontinued operations before income taxes
(1
)
 
(40
)
 
(76
)
 
(53
)
Benefit from income taxes

 
(10
)
 
(17
)
 
(12
)
Loss from discontinued operations, net of tax
$
(1
)
 
$
(30
)
 
$
(59
)
 
$
(41
)