XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Total revenue $ 459,937 $ 429,438 $ 1,189,993 $ 994,561
Home construction and land sales expenses 370,367 353,081 980,094 829,073
Inventory impairments and abandonments 11,917 249 15,098 249
Gross profit 77,653 76,108 194,801 165,239
Commissions 17,500 17,246 45,856 40,141
General and administrative expenses 40,457 37,669 111,024 101,837
Depreciation and amortization 3,387 3,497 9,434 8,619
Operating income 16,309 17,696 28,487 14,642
Equity in income of unconsolidated entities 62 153 71 377
Loss on extinguishment of debt 429 0 (2,030) 0
Other expense, net (5,344) (5,763) (18,467) (23,670)
(Loss) income before income taxes 11,456 12,086 8,061 (8,651)
Expense (benefit) from income taxes 5,349 (135) 2,067 (726)
Income (loss) from continuing operations 6,107 12,221 5,994 (7,925)
Loss from discontinued operations, net of tax (325) (46) (447) (4,236)
Net income (loss) $ 5,782 $ 12,175 $ 5,547 $ (12,161)
Weighted average number of shares:        
Basic (shares) 31,813 26,482 31,793 26,473
Diluted (shares) 31,820 31,800 31,797 26,473
Basic income (loss) per share:        
Continuing operations (in dollars per share) $ 0.19 $ 0.46 $ 0.19 $ (0.30)
Discontinued operations (in dollars per share) (0.01) 0.00 (0.01) (0.16)
Total (in dollars per share) 0.18 0.46 0.18 (0.46)
Diluted income (loss) per share:        
Continuing operations (in dollars per share) 0.19 0.38 0.19 (0.30)
Discontinued operations (in dollars per share) (0.01) 0.00 0 (0.16)
Total (in dollars per share) $ 0.18 $ 0.38 $ 0.18 $ (0.46)
Change in unrealized loss related to available-for-sale securities $ 0 $ 0 $ 0 $ 1,276
Comprehensive income (loss) $ 5,782 $ 12,175 $ 5,547 $ (10,885)