XML 52 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information | 9 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting [Abstract] |
Segment Information | Segment Information We have three homebuilding segments operating in 16 states. Revenues in our homebuilding segments are derived from the sale of homes which we construct and from land and lot sales. Our reportable segments have been determined on a basis that is used internally by management for evaluating segment performance and resource allocations. 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. The accounting policies of our segments are those described in Note 1 above and Note 1 to our consolidated financial statements in our 2013 Annual Report.
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Revenue |  |  |  |  |  |  |
West | $ | 136,906 |  |  | $ | 133,519 |  |  | $ | 381,368 |  |  | $ | 362,641 |
East | 128,358 |  |  | 111,556 |  |  | 319,313 |  |  | 325,224 |
Southeast | 89,407 |  |  | 69,364 |  |  | 217,181 |  |  | 161,378 |
Total revenue | $ | 354,671 |  |  | $ | 314,439 |  |  | $ | 917,862 |  |  | $ | 849,243 |
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Operating income |  |  |  |  |  |  |
West | $ | 18,754 |  |  | $ | 15,313 |  |  | $ | 48,854 |  |  | $ | 33,716 |
East | 10,438 |  |  | 7,714 |  |  | 21,667 |  |  | 24,215 |
Southeast | 8,235 |  |  | 7,644 |  |  | 18,025 |  |  | 12,024 |
Segment total | 37,427 |  |  | 30,671 |  |  | 88,546 |  |  | 69,955 |
Corporate and unallocated (a) | (22,339 | ) |  | (22,199 | ) |  | (56,309 | ) |  | (64,773 | )
Total operating income | $ | 15,088 |  |  | $ | 8,472 |  |  | $ | 32,237 |  |  | $ | 5,182 |
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Depreciation and amortization |  |  |  |  |  |  |
West | $ | 1,427 |  |  | $ | 1,263 |  |  | $ | 4,113 |  |  | $ | 3,470 |
East | 890 |  |  | 750 |  |  | 2,138 |  |  | 2,333 |
Southeast | 521 |  |  | 411 |  |  | 1,270 |  |  | 1,068 |
Segment total | 2,838 |  |  | 2,424 |  |  | 7,521 |  |  | 6,871 |
Corporate and unallocated (a) | 562 |  |  | 529 |  |  | 1,617 |  |  | 1,890 |
Depreciation and amortization - continuing operations | $ | 3,400 |  |  | $ | 2,953 |  |  | $ | 9,138 |  |  | $ | 8,761 |
| Nine Months Ended
| June 30,
(In thousands) | 2014 |  | 2013
Capital Expenditures |  |  |
West | $ | 3,891 |  |  | $ | 2,979 |
East | 1,827 |  |  | 881 |
Southeast | 1,498 |  |  | 1,087 |
Corporate and unallocated | 1,768 |  |  | 1,625 |
Consolidated total | $ | 8,984 |  |  | $ | 6,572 |
(In thousands) | June 30, 2014 |  | September 30, 2013
Assets |  |  |
West | $ | 746,336 |  |  | $ | 680,346 |
East | 462,266 |  |  | 369,937 |
Southeast | 311,059 |  |  | 228,814 |
Corporate and unallocated (b) | 457,733 |  |  | 707,692 |
Consolidated total | $ | 1,977,394 |  |  | $ | 1,986,789 |
(a) | Corporate and unallocated includes 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.
(b) | Primarily consists of cash and cash equivalents, consolidated inventory not owned, deferred taxes, capitalized interest and other items that are not allocated to the segments.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration