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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Sep. 30, 2017
Quarterly Financial Data [Abstract] |
Quarterly Results of Operations (Unaudited) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) Consolidated quarterly results of operations for fiscal 2017 and 2016 were (in millions, except per share amounts):
| Fiscal 2017
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
Revenues | $ | 2,904.2 |  |  | $ | 3,251.3 |  |  | $ | 3,776.4 |  |  | $ | 4,159.1 |
Gross profit | 558.2 |  |  | 614.5 |  |  | 723.4 |  |  | 802.5 |
Income before income taxes | 318.1 |  |  | 353.9 |  |  | 444.5 |  |  | 485.5 |
Income tax expense | 111.2 |  |  | 124.7 |  |  | 155.5 |  |  | 172.3 |
Net income | 206.9 |  |  | 229.2 |  |  | 289.0 |  |  | 313.2 |
Basic net income per common share | 0.55 |  |  | 0.61 |  |  | 0.77 |  |  | 0.84 |
Net income per common share assuming dilution | 0.55 |  |  | 0.60 |  |  | 0.76 |  |  | 0.82 |
| Fiscal 2016
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
Revenues | $ | 2,416.4 |  |  | $ | 2,767.9 |  |  | $ | 3,231.9 |  |  | $ | 3,741.3 |
Gross profit | 468.9 |  |  | 531.7 |  |  | 625.8 |  |  | 732.6 |
Income before income taxes (a) | 241.3 |  |  | 300.5 |  |  | 378.6 |  |  | 433.0 |
Income tax expense | 83.6 |  |  | 105.4 |  |  | 128.8 |  |  | 149.4 |
Net income | 157.7 |  |  | 195.1 |  |  | 249.8 |  |  | 283.6 |
Basic net income per common share | 0.43 |  |  | 0.53 |  |  | 0.67 |  |  | 0.76 |
Net income per common share assuming dilution | 0.42 |  |  | 0.52 |  |  | 0.66 |  |  | 0.75 |
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(a) | In the fourth quarter of fiscal 2016, income before income taxes was reduced by a goodwill impairment charge of $7.2 million.
The Company experiences variability in its results of operations from quarter to quarter due to the seasonal nature of its homebuilding business. The Company generally closes more homes and has greater revenues and income before income taxes in the third and fourth quarters (June and September) than in the first and second quarters (December and March) of its fiscal year.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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