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Discontinued Operations
 6 Months Ended
Mar. 31, 2015
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 shareholder 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 unaudited consolidated statements of income for all periods presented. There were no material assets or liabilities related to our discontinued operations as of March 31, 2015 or September 30, 2014. Discontinued operations were not segregated in the unaudited consolidated statements of cash flows. Therefore, amounts for certain captions in the unaudited consolidated statements of cash flows will not agree with the respective data in the unaudited consolidated statements of income. The results of our discontinued operations in the unaudited consolidated statements of income for the periods presented were as follows:

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
(In thousands)
2015
 
2014
 
2015
 
2014
Total revenue
$
280

 
$
—

 
$
280

 
$
464

Home construction and land sales expenses (a)
105

 
1,497

 
4,056

 
2,952

Gross profit (loss)
175

 
(1,497
)
 
(3,776
)
 
(2,488
)
General and administrative expenses (b)
114

 
(1,750
)
 
418

 
(1,561
)
Operating income (loss)
61

 
253

 
(4,194
)
 
(927
)
Other income (expense), net
1

 
—

 
1

 
—

Income (loss) from discontinued operations before income taxes
62

 
253

 
(4,193
)
 
(927
)
(Benefit from) provision for income taxes
(2
)
 
—

 
(3
)
 
10

Income (loss) from discontinued operations, net of tax
$
64

 
$
253

 
$
(4,190
)
 
$
(937
)
(a) The six months ended March 31, 2015 includes a $3.7 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operation in Denver, Colorado.
(b) The three and six months ended March 31, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.