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Segment Information | 9 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information We currently operate in 13 states that are grouped into three homebuilding segments based on geography. Revenues from our homebuilding segments are derived from the sale of homes that 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 three reportable segments as follows: West: Arizona, California, Nevada and Texas East: Delaware, Indiana, Maryland, New Jersey(a), Tennessee and Virginia Southeast: Florida, Georgia, North Carolina and South Carolina (a) During our fiscal 2015, we made the decision that we would not continue to reinvest in new homebuilding assets in our New Jersey division; therefore, it is no longer considered an active operation. However, it is included in this listing because the segment information below continues to include New Jersey. 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 G&A expenses that are incurred by or allocated to our homebuilding segments. The accounting policies of our segments are described in Note 2 to the consolidated financial statements within our 2015 Annual Report. The following tables contain our revenue, operating income (loss) and depreciation and amortization by segment for the periods presented:
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Revenue |  |  |  |  |  |  |
West | $ | 205,983 |  |  | $ | 149,129 |  |  | $ | 543,109 |  |  | $ | 351,975 |
East | 140,717 |  |  | 155,160 |  |  | 348,109 |  |  | 363,152 |
Southeast | 113,237 |  |  | 125,149 |  |  | 298,775 |  |  | 279,434 |
Total revenue | $ | 459,937 |  |  | $ | 429,438 |  |  | $ | 1,189,993 |  |  | $ | 994,561 |
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Operating income |  |  |  |  |  |  |
West | $ | 23,822 |  |  | $ | 16,246 |  |  | $ | 59,535 |  |  | $ | 33,628 |
East | 7,097 |  |  | 15,344 |  |  | 19,577 |  |  | 28,457 |
Southeast (a) | 10,022 |  |  | 14,382 |  |  | 28,417 |  |  | 15,200 |
Segment total | 40,941 |  |  | 45,972 |  |  | 107,529 |  |  | 77,285 |
Corporate and unallocated (b) | (24,632 | ) |  | (28,276 | ) |  | (79,042 | ) |  | (62,643 | )
Total operating income | $ | 16,309 |  |  | $ | 17,696 |  |  | $ | 28,487 |  |  | $ | 14,642 |
| Three Months Ended |  | Nine Months Ended
| June 30, |  | June 30,
(In thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
Depreciation and amortization |  |  |  |  |  |  |
West | $ | 1,475 |  |  | $ | 1,267 |  |  | $ | 4,025 |  |  | $ | 3,299 |
East | 764 |  |  | 900 |  |  | 2,195 |  |  | 2,094 |
Southeast | 603 |  |  | 793 |  |  | 1,599 |  |  | 1,817 |
Segment total | 2,842 |  |  | 2,960 |  |  | 7,819 |  |  | 7,210 |
Corporate and unallocated (b) | 545 |  |  | 537 |  |  | 1,615 |  |  | 1,409 |
Total depreciation and amortization | $ | 3,387 |  |  | $ | 3,497 |  |  | $ | 9,434 |  |  | $ | 8,619 |
(a) Operating income for our Southeast segment for the nine months ended June 30, 2016 and 2015 was impacted by unexpected warranty costs related to the Florida stucco issues, net of expected insurance recoveries. This impact was a credit of $3.6 million in the current year period, and expense of $13.6 million in the prior year period. (b) Corporate and unallocated operating loss includes amortization of capitalized interest; movement in capitalized indirects; expenses related to numerous shared services functions that benefit all segments but are not allocated to the operating segments reported above, including information technology, treasury, corporate finance, legal, branding and national marketing; and certain other amounts that are not allocated to our operating segments. For the three and nine months ended June 30, 2016, the Corporate and unallocated operating loss includes a $15.5 million reduction in cost of sales resulting from an agreement entered into during the current quarter with our third-party insurer to resolve certain issues related to the extent of our insurance coverage (refer to Note 8). 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:
| Nine Months Ended
| June 30,
(In thousands) | 2016 |  | 2015
Capital Expenditures |  |  |
West | $ | 5,189 |  |  | $ | 4,959 |
East | 1,928 |  |  | 2,996 |
Southeast | 2,323 |  |  | 2,653 |
Corporate and unallocated | 278 |  |  | 1,822 |
Total capital expenditures | $ | 9,718 |  |  | $ | 12,430 |
The following table contains our asset balance by segment as of June 30, 2016 and September 30, 2015:
(In thousands) | June 30, 2016 |  | September 30, 2015
Assets |  |  |
West | $ | 855,537 |  |  | $ | 843,564 |
East | 380,897 |  |  | 436,346 |
Southeast | 365,610 |  |  | 317,295 |
Corporate and unallocated (a) | 716,583 |  |  | 823,998 |
Total assets | $ | 2,318,627 |  |  | $ | 2,421,203 |
(a) Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirects 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 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=68060357&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 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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