Segment Information (Tables)

9 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables contain our revenue, operating income (loss) and depreciation and amortization by segment for the periods presented:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
(In thousands)	2016		2015		2016		2015
Revenue
West	$	205,983	$	149,129	$	543,109	$	351,975
East	140,717		155,160		348,109		363,152
Southeast	113,237		125,149		298,775		279,434
Total revenue	$	459,937	$	429,438	$	1,189,993	$	994,561

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(In thousands)	2016			2015			2016			2015
Operating income
West	$	23,822		$	16,246		$	59,535		$	33,628
East	7,097			15,344			19,577			28,457
Southeast (a)	10,022			14,382			28,417			15,200
Segment total	40,941			45,972			107,529			77,285
Corporate and unallocated (b)	(24,632		)	(28,276		)	(79,042		)	(62,643		)
Total operating income	$	16,309		$	17,696		$	28,487		$	14,642

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
(In thousands)	2016		2015		2016		2015
Depreciation and amortization
West	$	1,475	$	1,267	$	4,025	$	3,299
East	764		900		2,195		2,094
Southeast	603		793		1,599		1,817
Segment total	2,842		2,960		7,819		7,210
Corporate and unallocated (b)	545		537		1,615		1,409
Total depreciation and amortization	$	3,387	$	3,497	$	9,434	$	8,619

^(a) Operating income for our Southeast segment for the nine months ended June 30, 2016 and 2015 was impacted by unexpected warranty costs related to the Florida stucco issues, net of expected insurance recoveries. This impact was a credit of $3.6 million in the current year period, and expense of $13.6 million in the prior year period.

^(b) Corporate and unallocated operating loss includes amortization of capitalized interest; movement in capitalized indirects; expenses related to numerous shared services functions that benefit all segments but are not allocated to the operating segments reported above, including information technology, treasury, corporate finance, legal, branding and national marketing; and certain other amounts that are not allocated to our operating segments. For the three and nine months ended June 30, 2016, the Corporate and unallocated operating loss includes a $15.5 million reduction in cost of sales resulting from an agreement entered into during the current quarter with our third-party insurer to resolve certain issues related to the extent of our insurance coverage (refer to Note 8).

Corporate and unallocated depreciation and amortization represents depreciation and amortization related to assets held by corporate functions that benefit all segments.

The following table contains our capital expenditures by segment for the periods presented:

	Nine Months Ended
	June 30,
(In thousands)	2016		2015
Capital Expenditures
West	$	5,189	$	4,959
East	1,928		2,996
Southeast	2,323		2,653
Corporate and unallocated	278		1,822
Total capital expenditures	$	9,718	$	12,430

The following table contains our asset balance by segment as of June 30, 2016 and September 30, 2015:

(In thousands)	June 30, 2016		September 30, 2015
Assets
West	$	855,537	$	843,564
East	380,897		436,346
Southeast	365,610		317,295
Corporate and unallocated (a)	716,583		823,998
Total assets	$	2,318,627	$	2,421,203

^(a) Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirects and other items that are not allocated to the segments.