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Inventory | 3 Months Ended
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Dec. 31, 2022
Inventory Disclosure [Abstract] |
INVENTORY | INVENTORIES At the end of each quarter, the Company reviews the performance and outlook for all of its communities and land inventories for indicators of potential impairment and performs detailed impairment evaluations and analyses when necessary. As of December 31, 2022, the Company performed detailed impairment evaluations of communities and land inventories and determined that communities with a combined carrying value of $66.7 million were impaired. As a result, impairment charges of $4.8 million were recorded during the three months ended December 31, 2022 to reduce the carrying value of the related inventory to fair value. There were no impairment charges recorded in the prior year period. During the three months ended December 31, 2022, earnest money and pre-acquisition cost write-offs related to land purchase contracts that the Company has terminated or expects to terminate were $22.7 million compared to $4.8 million in the same period of fiscal 2022. Inventory impairments and land option charges are included in cost of sales in the consolidated statements of operations.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI https://asc.fasb.org/topic&trid=2126998 + Details
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