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Inventory | 6 Months Ended
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Mar. 31, 2024
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 March 31, 2024, the Company performed detailed impairment evaluations of communities and land inventories and determined that communities with a combined carrying value of $30.7 million were impaired. As a result, impairment charges of $5.6 million were recorded during the three and six months ended March 31, 2024 to reduce the carrying value of the related inventories to fair value. There were $9.2 million and $14.0 million of impairment charges recorded in the three and six months ended March 31, 2023, respectively. During the three and six months ended March 31, 2024, earnest money and pre-acquisition cost write-offs related to land purchase contracts that the Company has terminated or expects to terminate were $8.0 million and $14.0 million, respectively, compared to $14.6 million and $37.4 million in the prior year periods. 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 -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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