Discontinued Operations

3 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

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.

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 December 31, 2020 or September 30, 2020. 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
	December 31,
in thousands	2020		2019
Total revenue	$	—	$	—
Home construction and land sales expenses	(2)		1

Gross profit (loss)	2		(1)

General and administrative expenses	52		74




Loss from discontinued operations before income taxes	(50)		(75)
Benefit from income taxes	(11)		(17)
Loss from discontinued operations, net of tax	$	(39)	$	(58)