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Segment Information (Tables)
6 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of segment reporting information
The following tables contain our revenue, operating income, and depreciation and amortization by segment for the periods presented:
Three Months EndedSix Months Ended
 March 31,March 31,
in thousands2023202220232022
Revenue
West$330,413 $303,492 $605,228 $561,158 
East120,071 128,935 206,261 247,104 
Southeast93,424 76,079 177,347 154,393 
Total revenue$543,908 $508,506 $988,836 $962,655 
Three Months EndedSix Months Ended
March 31,March 31,
in thousands2023202220232022
Operating income
West$45,513 $58,103 $82,870 $100,827 
East16,244 24,072 25,506 43,931 
Southeast11,517 10,007 22,196 18,207 
Segment total73,274 92,182 130,572 162,965 
Corporate and unallocated(a)
(34,482)(37,571)(63,278)(67,415)
Total operating income$38,792 $54,611 $67,294 $95,550 
(a) Includes amortization of capitalized interest, movement in capitalized indirect costs, 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 other amounts that are not allocated to our operating segments.
Three Months EndedSix Months Ended
 March 31,March 31,
in thousands2023202220232022
Depreciation and amortization
West$1,939 $1,810 $3,544 $3,409 
East388 367 661 802 
Southeast398 374 728 773 
Segment total2,725 2,551 4,933 4,984 
Corporate and unallocated(a)
295 480 600 928 
Total depreciation and amortization $3,020 $3,031 $5,533 $5,912 
(a) Represents depreciation and amortization related to assets held by our corporate functions that benefit all segments.
The following table presents capital expenditures by segment for the periods presented:
Six Months Ended
 March 31,
in thousands20232022
Capital expenditures
West$3,086 $3,275 
East1,239 253 
Southeast925 595 
Corporate and unallocated2,574 2,072 
Total capital expenditures$7,824 $6,195 
The following table presents assets by segment as of March 31, 2023 and September 30, 2022:
in thousandsMarch 31, 2023September 30, 2022
Assets
West$958,771 $995,339 
East355,234 334,323 
Southeast318,090 305,443 
Corporate and unallocated(a)
636,001 616,858 
Total assets$2,268,096 $2,251,963 
(a) Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirect costs, and other items that are not allocated to the segments.