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Inventory Impairments and Land Option Cost Write-Offs
3 Months Ended
Dec. 31, 2014
Inventory Impairments and Land Option Cost Write-Offs [Abstract]  
INVENTORY IMPAIRMENTS AND LAND OPTION COST WRITE-OFFS
INVENTORY

At December 31, 2014, the Company reviewed the performance and outlook for all of its land inventories and communities for indicators of potential impairment and performed detailed impairment evaluations and analyses when necessary. The Company performed detailed impairment evaluations of communities and land inventories with a combined carrying value of $352.4 million and recorded impairment charges of $3.8 million, all of which related to the West region, during the first quarter to reduce the carrying value of impaired communities to their estimated fair value. There were no impairment charges recorded in the three months ended December 31, 2013.

During the three months ended December 31, 2014 and 2013, the Company wrote off $2.2 million and $2.6 million, respectively, of earnest money deposits and pre-acquisition costs related to land option contracts that are expected to be terminated.