Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Goodwill by reporting segment

The Company’s goodwill balances by reporting segment were as follows:

	September 30,
	2022		2021
	(In millions)
Northwest	$	2.2	$	2.2
Southwest	—		—
South Central	15.9		15.9
Southeast	6.0		6.0
East	60.5		60.5
North	49.7		49.7
Forestar	29.2		29.2
Total goodwill	$	163.5	$	163.5

Business acquisition, purchase price allocation schedule

The Company’s allocation of the purchase price to the assets, liabilities and noncontrolling interest acquired is as follows (in millions):

Cash and cash equivalents	$	19.0
Deferred income taxes, net of valuation allowance of $15.8 million	14.8
Water rights and other water-related assets (1)	280.1
Total assets	313.9
Other liabilities	5.4
Total liabilities	5.4
Noncontrolling interest	18.0
Net assets acquired	$	290.5

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(1)Water rights and other water-related assets were measured at fair value using Level 3 inputs and are included in other assets in the Company’s consolidated financial statements.