Other Assets, Accrued Expenses and Other Liabilities (Notes)

12 Months Ended

Sep. 30, 2025

Other Assets, Accrued Expenses and Other Liabilities [Abstract]

Other Assets And Other Liabilities [Text Block]

Other Assets, Accrued Expenses and Other Liabilities

The Company's other assets at September 30, 2025 and 2024 were as follows:


	September 30,
	2025		2024
	(In millions)
Receivables, net	$	20.2	$	28.4
Lease right of use assets	13.7		9.6
Prepaid expenses	17.5		13.2
Land purchase contract deposits	34.5		23.4
Income taxes receivable	1.4		—
Contract assets	—		8.9
Pledged reimbursements asset (1)	14.0		—
Other assets	3.3		1.8
	$	104.6	$	85.3

The Company's accrued expenses and other liabilities at September 30, 2025 and 2024 were as follows:


	September 30,
	2025		2024
	(In millions)
Accrued employee compensation and benefits	$	16.9	$	13.5
Accrued property taxes	6.2		8.2
Lease liabilities	14.4		10.2
Accrued interest	2.5		7.3
Contract liabilities	0.7		2.7
Deferred income	4.1		4.1
Income taxes payable	11.9		8.6
Other accrued expenses	4.3		8.0
Pledged reimbursements liability (1)	14.0		—
Other liabilities	8.1		5.7
	$	83.1	$	68.3

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(1) In certain projects, the Company has entered into agreements to be reimbursed for eligible infrastructure costs from municipal districts as funds are available to the district. The Company has pledged certain of these future reimbursements as collateral to a third party, and the third party issued bonds against this collateral. The Company received the cash proceeds from the third-party bond issuance. The Company has no future performance obligations related to the cash proceeds received, no obligations related to any future interest or principal payments to the third-party bondholders, and the third party has no recourse against the Company for the reimbursement of these funds. However, under the applicable accounting rules, since the Company pledged only certain reimbursements and not the entire amount, the Company recorded a non-cash transaction to increase assets and a related liability for the amount of the unpaid balance of the third-party bonds. The asset and liability will be reduced as the third-party bonds are repaid by the municipal district.