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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income $ 22.1 $ 16.8
Adjustments:    
Depreciation and amortization 0.8 1.9
Deferred income taxes 2.2 5.6
Equity in earnings of unconsolidated ventures (0.2) (0.5)
Stock-based compensation expense 0.3 0.5
Land option charges 0.4 0.3
Loss on sale of assets 0.0 0.1
Changes in operating assets and liabilities:    
Increase in real estate (218.6) (38.2)
Increase in other assets (2.6) (0.7)
Increase in accounts payable and other accrued liabilities 11.6 3.4
Increase (decrease) in earnest money on sales contracts 21.1 (0.2)
Increase (Decrease) in Income Taxes Receivable 4.2 (0.6)
Net cash used in operating activities (158.7) (11.6)
INVESTING ACTIVITIES    
Expenditures for property, equipment, software and other (0.1) 0.0
Return of investment in unconsolidated ventures 2.1 1.8
Proceeds from sale of assets 0.0 1.3
Net cash provided by investing activities 2.0 3.1
FINANCING ACTIVITIES    
Deferred financing fees 0.0 (0.4)
Distributions to noncontrolling interests, net (0.1) (0.4)
Cash paid for shares withheld for taxes (0.1) (0.2)
Net cash used in financing activities (0.2) (1.0)
Net decrease in cash and cash equivalents (156.9) (9.5)
Cash and Cash Equivalents, at Carrying Value 237.4 373.3
Note payable issued for real estate $ 12.5 $ 0.0