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v3.25.3

Segment Information - Financial Information About Reportable Segments and Corporate and Unallocated (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2023
Segment Reporting Information [Line Items] |  |  |
Revenue | $ 2,371,555 | $ 2,330,197 | $ 2,206,785
Home construction and land sales expenses | 2,021,082 | 1,903,907 | 1,763,449
Inventory impairments and abandonments | 12,959 | 1,996 | 641
Commissions | 76,911 | 80,056 | 73,450
Sales and marketing | 64,784 | 56,904 | 47,813
Other general and administrative expenses | 140,046 | 129,441 | 131,981
Depreciation and amortization | 19,168 | 14,867 | 12,198
Operating income | 36,605 | 143,026 | 177,253
Loss on extinguishment of debt, net | 0 | (437) | (546)
Other income, net | 4,245 | 16,496 | 5,939
Income from continuing operations before income taxes | 40,850 | 159,085 | 182,646
Total assets | 2,609,708 | 2,591,527 | 2,411,033
Gain on sale of investment |  | 8,600 |
Operating Segments |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenue | 2,371,555 | 2,330,197 | 2,206,785
Home construction and land sales expenses | 1,945,814 | 1,843,663 | 1,699,015
Inventory impairments and abandonments | 10,719 | 1,996 | 641
Commissions | 76,911 | 80,056 | 73,450
Sales and marketing | 50,407 | 45,322 | 38,830
Other general and administrative expenses | 61,228 | 57,767 | 55,785
Depreciation and amortization | 14,124 | 13,090 | 10,867
Operating income | 212,352 | 288,303 | 328,197
Total assets | 1,973,059 | 1,957,763 | 1,671,047
Operating Segments | West |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenue | 1,476,311 | 1,467,287 | 1,297,005
Home construction and land sales expenses | 1,206,374 | 1,154,678 | 986,289
Inventory impairments and abandonments | 4,652 | 1,805 | 487
Commissions | 48,940 | 50,658 | 43,971
Sales and marketing | 30,703 | 27,560 | 23,378
Other general and administrative expenses | 33,376 | 33,027 | 29,480
Depreciation and amortization | 9,752 | 9,820 | 7,550
Operating income | 142,514 | 189,739 | 205,850
Total assets | 1,060,650 | 1,114,450 | 994,597
Operating Segments | East |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenue | 585,337 | 501,206 | 505,844
Home construction and land sales expenses | 484,521 | 407,243 | 401,852
Inventory impairments and abandonments | 215 | 91 | 154
Commissions | 17,335 | 15,846 | 15,100
Sales and marketing | 11,152 | 10,013 | 8,472
Other general and administrative expenses | 14,968 | 13,323 | 13,583
Depreciation and amortization | 2,491 | 1,792 | 1,662
Operating income | 54,655 | 52,898 | 65,021
Total assets | 451,299 | 454,255 | 356,020
Operating Segments | Southeast |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenue | 309,907 | 361,704 | 403,936
Home construction and land sales expenses | 254,919 | 281,742 | 310,874
Inventory impairments and abandonments | 5,852 | 100 | 0
Commissions | 10,636 | 13,552 | 14,379
Sales and marketing | 8,552 | 7,749 | 6,980
Other general and administrative expenses | 12,884 | 11,417 | 12,722
Depreciation and amortization | 1,881 | 1,478 | 1,655
Operating income | 15,183 | 45,666 | 57,326
Total assets | 461,110 | 389,058 | 320,430
Corporate and unallocated |  |  |
Segment Reporting Information [Line Items] |  |  |
Revenue | 0 | 0 | 0
Home construction and land sales expenses | 75,268 | 60,244 | 64,434
Inventory impairments and abandonments | 2,240 | 0 | 0
Commissions | 0 | 0 | 0
Sales and marketing | 14,377 | 11,582 | 8,983
Other general and administrative expenses | 78,818 | 71,674 | 76,196
Depreciation and amortization | 5,044 | 1,777 | 1,331
Operating income | (175,747) | (145,277) | (150,944)
Total assets | $ 636,649 | $ 633,764 | $ 739,986

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