Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Depreciation is computed on a straight-line basis based on estimated useful lives as follows: 

Asset Class	Useful Lives
Buildings and improvements	25 - 30 years
Information systems	Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures and computer and office equipment	3 - 7 years
Model and sales office improvements	Lesser of estimated useful life of the asset or estimated life of the community
Leasehold improvements	Lesser of the lease term or the estimated useful life of the asset

The following table presents our property and equipment as of September 30, 2023 and 2022:

in thousands	September 30, 2023		September 30, 2022
Model furnishings and sales office improvements	$	24,736	$	22,544
Information systems	25,745		23,074
Furniture, fixtures and office equipment	12,692		11,019
Leasehold improvements	3,026		4,124
Buildings and improvements	1,382		1,671
Property and equipment, gross	67,581		62,432
Less: Accumulated depreciation	(36,437)		(37,866)
Property and equipment, net	$	31,144	$	24,566