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Inventory (Tables) | 6 Months Ended
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Mar. 31, 2018
Inventory Disclosure [Abstract] |
Schedule of inventory | wned inventory consisted of the following as of March 31, 2018 and September 30, 2017:
(In thousands) | March 31, 2018 |  | September 30, 2017
Homes under construction | $ | 527,102 |  |  | $ | 419,312 |
Development projects in progress | 825,355 |  |  | 785,777 |
Land held for future development | 87,718 |  |  | 112,565 |
Land held for sale | 9,927 |  |  | 17,759 |
Capitalized interest | 149,034 |  |  | 139,203 |
Model homes | 78,225 |  |  | 68,191 |
Total owned inventory | $ | 1,677,361 |  |  | $ | 1,542,807 |
Schedule of total owned inventory, by segment | Total owned inventory by reportable segment and by category is presented in the table below as of March 31, 2018 and September 30, 2017:
(In thousands) | Projects in Progress (a) |  | Land Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
March 31, 2018 |  |  |  |  |  |  |
West Segment | $ | 751,745 |  |  | $ | 62,190 |  |  | $ | 1,484 |  |  | $ | 815,419 |
East Segment | 285,068 |  |  | 14,570 |  |  | 7,522 |  |  | 307,160 |
Southeast Segment | 338,666 |  |  | 10,958 |  |  | 897 |  |  | 350,521 |
Corporate and unallocated (b) | 204,237 |  |  | — |  |  | 24 |  |  | 204,261 |
Total | $ | 1,579,716 |  |  | $ | 87,718 |  |  | $ | 9,927 |  |  | $ | 1,677,361 |
September 30, 2017 |  |  |  |  |  |  |
West Segment | $ | 673,828 |  |  | $ | 87,231 |  |  | $ | 3,848 |  |  | $ | 764,907 |
East Segment | 250,002 |  |  | 14,391 |  |  | 11,578 |  |  | 275,971 |
Southeast Segment | 301,268 |  |  | 10,943 |  |  | 1,233 |  |  | 313,444 |
Corporate and unallocated (b) | 187,385 |  |  | — |  |  | 1,100 |  |  | 188,485 |
Total | $ | 1,412,483 |  |  | $ | 112,565 |  |  | $ | 17,759 |  |  | $ | 1,542,807 |
(a) Projects in progress include homes under construction, development projects in progress, capitalized interest, and model homes categories from the preceding table. (b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment. Land held for sale amount includes parcels held by our discontinued operations.
Schedule of inventory impairments and lot option abandonment charges, by reportable homebuilding segment | The following table presents our total impairment and abandonment charges for the periods presented:
| Three Months Ended March 31, |  | Six Months Ended March 31,
(In thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Land Held for Sale: |  |  |  |  |  |  |
West | $ | — |  |  | $ | 94 |  |  | $ | — |  |  | $ | 94 |
Abandonments: |  |  |  |  |  |  |
East | — |  |  | 188 |  |  | — |  |  | 188 |
Total continuing operations | $ | — |  |  | $ | 282 |  |  | $ | — |  |  | $ | 282 |
Discontinued Operations: |  |  |  |  |  |  |
Land Held for Sale | — |  |  | — |  |  | 450 |  |  | — |
Total impairment and abandonment charges | $ | — |  |  | $ | 282 |  |  | $ | 450 |  |  | $ | 282 |
Summary of interests in lot option agreements | The following table provides a summary of our interests in lot option agreements as of March 31, 2018 and September 30, 2017:
(In thousands) | Deposits & Non-refundable Pre-acquisition Costs Incurred |  | Remaining Obligation
As of March 31, 2018 |  |  |
Unconsolidated lot option agreements | $ | 78,971 |  |  | $ | 341,737 |
As of September 30, 2017 |  |  |
Unconsolidated lot option agreements | $ | 91,854 |  |  | $ | 408,300 |

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