Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of fair value assets measured on a recurring and non-recurring basis

The following table presents the period-end balances of our assets measured at fair value on a recurring basis, and the impairment-date fair value of certain assets measured at fair value on a non-recurring basis, for each hierarchy level. These balances represent only those assets whose carrying values were adjusted to fair value during the periods presented:

(In thousands)	Level 1		Level 2		Level 3			Total
Nine Months Ended June 30, 2016
Deferred compensation plan assets (a)	$	—	$	696	$	—		$	696
Development projects in progress (b)	—		—		34,418		(c)	34,418
Land held for sale (b)	—		—		16,473		(d)	16,473
Nine Months Ended June 30, 2015
Deferred compensation plan assets (a)	—		618		—			618
Land held for sale (b)	—		—		1,148			1,148

^(a) Measured at fair value on a recurring basis.

^(b) Measured at fair value on a non-recurring basis.

^(c) Amount represents the impairment-date fair value of the communities that we impaired during the nine months ended June 30, 2016. Refer to Note 5 for additional discussion.

^(d) Amount represents the impairment-date fair value of certain land held for sale assets that were impaired during the nine months ended June 30, 2016.

Schedule of carrying values and estimated fair values of other financial assets and liabilities

The following table presents the carrying value and estimated fair value of certain of our other financial liabilities as of June 30, 2016 and September 30, 2015:

(In thousands)	As of June 30, 2016				As of September 30, 2015
	Carrying Amount (a)		Fair Value		Carrying Amount (a)		Fair Value
Senior Notes	$	1,234,249	$	1,142,060	$	1,427,240	$	1,412,173
Term Loan	120,750		120,750		—		—
Junior Subordinated Notes	59,353		59,353		57,803		57,803
	$	1,414,352	$	1,322,163	$	1,485,043	$	1,469,976

^(a) Carrying amounts are net of unamortized debt discounts or accretion.