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Consolidated Statements of Cash Flows (USD $)
In Thousands
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Cash flows from operating activities:   
Net loss$ (204,859)$ (34,049)$ (189,383)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:   
Depreciation and amortization10,70813,40518,884
Stock-based compensation expense7,17011,36911,839
Inventory impairments and option contract abandonments35,36551,839107,127
Impairment of future land purchase rights5,569  
Goodwill impairment  16,143
Deferred income tax provision (benefit)5,019(259)12,696
Provision for doubtful accounts305(3,978)(1,370)
Excess tax benefit from equity-based compensation5233,0992,273
Equity in (income) loss of unconsolidated joint ventures(42)24,35014,275
Cash distributions of income from unconsolidated joint ventures4502082,991
Loss (gain) on extinguishment of debt2,343(44,602)(148,077)
Changes in operating assets and liabilities:   
Decrease (increase) in accounts receivable4,039(264)19,520
Decrease in income tax receivable2,8612,238163,578
(Increase) decrease in inventory(54,395)82,504208,371
Decrease in other assets5,2913,83525,072
Increase (decrease) in trade accounts payable19,277(16,867)(20,086)
Decrease in other liabilities(17,961)(22,530)(150,260)
Other changes(599)(613)232
Net cash (used in) provided by operating activities(178,936)69,68593,825
Cash flows from investing activities:   
Capital expenditures(20,514)(10,849)(7,034)
Investments in unconsolidated joint ventures(1,924)(5,602)(25,537)
Increases in restricted cash(250,839)(37,439)(72,168)
Decreases in restricted cash12,98147,70023,004
Distributions from unconsolidated joint ventures  2,054
Net cash used in investing activities(260,296)(6,190)(79,681)
Cash flows from financing activities:   
Repayment of debt(215,376)(619,806)(305,399)
Proceeds from issuance of new debt246,387374,438223,750
Proceeds from issuance of cash secured loan247,368  
Debt issuance costs(5,172)(9,234)(7,195)
Common stock issued 166,718 
Proceeds from issuance of TEU prepaid stock purchase contracts 57,429 
Common stock redeemed(170)(159)(22)
Excess tax benefit from equity-based compensation(523)(3,099)(2,273)
Net cash provided by (used in) financing activities272,514(33,713)(91,139)
(Decrease) increase in cash and cash equivalents(166,718)29,782(76,995)
Cash and cash equivalents at beginning of period537,121507,339584,334
Cash and cash equivalents at end of period$ 370,403$ 537,121$ 507,339