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Segment Information | 12 Months Ended
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Sep. 30, 2011
Segment Information [Abstract] |
Segment Information |
(14) | Segment Information
We have three homebuilding segments operating in 16 states and beginning in the second quarter of fiscal 2011, we introduced our Pre-Owned Homes division in Arizona and Nevada. Revenues in our homebuilding segments are derived from the sale of homes which we construct and from land and lot sales. Revenues from our Pre-Owned segment are derived from the rental and ultimate sale of previously owned homes purchased and improved by the Company. Our reportable segments have been determined on a basis that is used internally by management for evaluating segment performance and resource allocations. During the third quarter of fiscal 2011, in order to further optimize capital and resource allocations and based on our evaluation of both external market factors and our position in each market, we decided to discontinue our homebuilding operations in Northwest Florida. As a result, the information below for continuing operations and the Southeast segment, excludes results from our Northwest Florida market. The reportable homebuilding segments and all other homebuilding operations, not required to be reported separately, include operations conducting business in the following states: West: Arizona, California, Nevada and Texas
| East: | Delaware, Indiana, Maryland, New Jersey, New York, Pennsylvania, Tennessee (Nashville) and Virginia
Southeast: Florida, Georgia, North Carolina (Raleigh) and South Carolina Management’s evaluation of segment performance is based on segment operating income. Operating income for our homebuilding segments is defined as homebuilding, land sale and other revenues less home construction, land development and land sales expense, commission expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to our homebuilding segments. Operating income for our Pre-Owned segment is defined as rental and home sale revenues less home repairs and operating expenses, home sales expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to the segment. The accounting policies of our segments are those described in Note 1. The following information is in thousands:
|  | 2011 |  |  | 2010 |  |  | 2009 |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
West |  | $ | 233,133 |  |  | $ | 364,530 |  |  | $ | 409,168 |
East |  |  | 343,826 |  |  |  | 451,162 |  |  |  | 374,619 |
Southeast |  |  | 165,107 |  |  |  | 175,460 |  |  |  | 178,098 |
Pre-Owned |  |  | 339 |  |  |  | — |  |  |  | — |
Continuing Operations |  | $ | 742,405 |  |  | $ | 991,152 |  |  | $ | 961,885 |
|  | Fiscal Year Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
West |  | $ | (28,406 | ) |  | $ | 1,120 |  |  | $ | (31,889 | )
East |  |  | 11,611 |  |  |  | 11,329 |  |  |  | (2,723 | )
Southeast |  |  | (2,740 | ) |  |  | (130 | ) |  |  | (30,070 | )
Pre-Owned |  |  | (724 | ) |  |  | — |  |  |  | — |
Segment total |  |  | (20,259 | ) |  |  | 12,319 |  |  |  | (64,682 | )
Corporate and unallocated(a) |  |  | (111,986 | ) |  |  | (125,753 | ) |  |  | (174,709 | )
Total operating loss |  |  | (132,245 | ) |  |  | (113,434 | ) |  |  | (239,391 | )
Equity in income (loss) of unconsolidated joint ventures |  |  | 560 |  |  |  | (8,807 | ) |  |  | (12,112 | )
(Loss) gain on extinguishment of debt |  |  | (2,909 | ) |  |  | 43,901 |  |  |  | 144,503 |
Other expense, net |  |  | (62,224 | ) |  |  | (69,585 | ) |  |  | (74,781 | )
Loss from continuing operations before income taxes |  | $ | (196,818 | ) |  | $ | (147,925 | ) |  | $ | (181,781 | )
|  | Fiscal Year Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
West |  | $ | 3,651 |  |  | $ | 5,161 |  |  | $ | 6,692 |
East |  |  | 2,621 |  |  |  | 3,665 |  |  |  | 5,469 |
Southeast |  |  | 885 |  |  |  | 1,496 |  |  |  | 2,385 |
Pre-Owned |  |  | 69 |  |  |  | — |  |  |  | — |
Segment total |  |  | 7,226 |  |  |  | 10,322 |  |  |  | 14,546 |
Corporate and unallocated(a) |  |  | 3,027 |  |  |  | 2,347 |  |  |  | 3,743 |
Continuing Operations |  | $ | 10,253 |  |  | $ | 12,669 |  |  | $ | 18,289 |
|  | September 30, |  |  | September 30, |
|  | 2011 |  |  | 2010 |
Assets |  |  |  |  |  |  |  |
West |  | $ | 649,057 |  |  | $ | 630,376 |
East |  |  | 372,984 |  |  |  | 333,648 |
Southeast |  |  | 162,135 |  |  |  | 161,392 |
Pre-Owned |  |  | 12,315 |  |  |  | — |
Corporate and unallocated(b) |  |  | 765,747 |  |  |  | 727,681 |
Discontinued operations |  |  | 15,239 |  |  |  | 49,805 |
Consolidated total |  | $ | 1,977,477 |  |  | $ | 1,902,902 |
|  | Fiscal Year Ended September 30, |
|  | 2011 |  |  | 2010 |
Capital Expenditures |  |  |  |  |  |  |  |
West |  | $ | 4,041 |  |  | $ | 3,939 |
East |  |  | 2,051 |  |  |  | 1,734 |
Southeast |  |  | 1,631 |  |  |  | 1,184 |
Pre-Owned |  |  | 11,415 |  |  |  | — |
Corporate and unallocated |  |  | 1,334 |  |  |  | 3,866 |
Discontinued operations |  |  | 42 |  |  |  | 126 |
Consolidated total |  | $ | 20,514 |  |  | $ | 10,849 |
a. |  | Corporate and unallocated includes the amortization of capitalized interest and numerous shared services functions that benefit all segments, the costs of which are not allocated to the operating segments reported above including information technology, national sourcing and purchasing, treasury, corporate finance, legal, branding and other national marketing costs. Fiscal 2011, fiscal 2010 and fiscal 2009 include $3.8 million, $10.2 million and $8.3 million of support-related costs related to the Company’s assistance in on-going government investigations (see Note 13), respectively. Fiscal 2009 also includes $16 million for obligations related to the government investigation and $16.1 million of non-cash goodwill impairment charges to write-off all of the goodwill allocated to certain underperforming markets (see Note 1).
b. |  | Primarily consists of cash and cash equivalents, consolidated inventory not owned, income tax receivable, deferred taxes, and capitalized interest and other corporate items that are not allocated to the segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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