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Segment Information | 6 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
Segment Information | Segment Information We currently operate in 15 states which are grouped into three homebuilding segments based on geography. 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. We have considered the applicable aggregation criteria, and have combined our homebuilding operations into the three reportable segments as follows: West: Arizona, California, Nevada and Texas East: Delaware, Indiana, Maryland, New Jersey, 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 sale 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 described in Note 1 to our consolidated financial statements in our 2014 Annual Report. The following tables contain our revenue, operating income (loss) and depreciation and amortization by segment for the periods presented:
| Three Months Ended |  | Six Months Ended
| March 31, |  | March 31,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Revenue |  |  |  |  |  |  |
West | $ | 115,381 |  |  | $ | 121,886 |  |  | $ | 202,846 |  |  | $ | 244,462 |
East | 103,179 |  |  | 83,366 |  |  | 207,992 |  |  | 190,955 |
Southeast | 80,799 |  |  | 64,769 |  |  | 154,285 |  |  | 127,774 |
Total revenue | $ | 299,359 |  |  | $ | 270,021 |  |  | $ | 565,123 |  |  | $ | 563,191 |
| Three Months Ended |  | Six Months Ended
| March 31, |  | March 31,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Operating income (loss) |  |  |  |  |  |  |
West | $ | 10,599 |  |  | $ | 14,338 |  |  | $ | 17,382 |  |  | $ | 30,100 |
East | 5,744 |  |  | 2,994 |  |  | 13,113 |  |  | 11,229 |
Southeast | 7,051 |  |  | 4,162 |  |  | 818 |  |  | 9,790 |
Segment total | 23,394 |  |  | 21,494 |  |  | 31,313 |  |  | 51,119 |
Corporate and unallocated (a) | (16,958 | ) |  | (15,877 | ) |  | (34,367 | ) |  | (33,970 | )
Total operating income (loss) | $ | 6,436 |  |  | $ | 5,617 |  |  | $ | (3,054 | ) |  | $ | 17,149 |
| Three Months Ended |  | Six Months Ended
| March 31, |  | March 31,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Depreciation and amortization |  |  |  |  |  |  |
West | $ | 1,265 |  |  | $ | 1,304 |  |  | $ | 2,032 |  |  | $ | 2,686 |
East | 526 |  |  | 556 |  |  | 1,194 |  |  | 1,248 |
Southeast | 539 |  |  | 358 |  |  | 1,024 |  |  | 749 |
Segment total | 2,330 |  |  | 2,218 |  |  | 4,250 |  |  | 4,683 |
Corporate and unallocated (a) | 451 |  |  | 613 |  |  | 872 |  |  | 1,055 |
Depreciation and amortization - continuing operations | $ | 2,781 |  |  | $ | 2,831 |  |  | $ | 5,122 |  |  | $ | 5,738 |
(a) Corporate and unallocated operating loss includes amortization of capitalized interest and expenses related to numerous shared services functions including information technology, treasury, corporate finance, legal, branding and other national marketing costs that benefit all segments, the costs of which are not allocated to the operating segments reported above. Corporate and unallocated depreciation and amortization represents depreciation and amortization related to assets held by corporate functions that benefit all segments. The following table contains our capital expenditures by segment for the periods presented:
| Six Months Ended
| March 31,
(In thousands) | 2015 |  | 2014
Capital Expenditures |  |  |
West | $ | 2,659 |  |  | $ | 2,661 |
East | 2,067 |  |  | 1,546 |
Southeast | 1,899 |  |  | 1,022 |
Corporate and unallocated | 853 |  |  | 1,412 |
Total capital expenditures | $ | 7,478 |  |  | $ | 6,641 |
The following table contains our asset balance by segment as of March 31, 2015 and September 30, 2014:
(In thousands) | March 31, 2015 |  | September 30, 2014
Assets |  |  |
West | $ | 835,345 |  |  | $ | 756,575 |
East | 466,764 |  |  | 433,032 |
Southeast | 336,106 |  |  | 299,215 |
Corporate and unallocated (a) | 394,038 |  |  | 577,398 |
Total assets | $ | 2,032,253 |  |  | $ | 2,066,220 |
(a) 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.

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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 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
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