XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Total revenue $ 595,682 $ 572,544 $ 1,524,040 $ 1,561,380
Home construction and land sales expenses 492,178 455,485 1,240,953 1,255,356
Inventory impairments and abandonments 200 315 200 616
Gross profit 103,304 116,744 282,887 305,408
Commissions 21,233 19,473 52,764 51,883
General and administrative expenses 49,655 46,464 135,645 129,891
Depreciation and amortization 3,892 2,907 9,698 8,440
Operating income 28,524 47,900 84,780 115,194
Loss on extinguishment of debt, net 0 (18) (437) (533)
Other income, net 1,136 2,176 14,136 3,759
Income from continuing operations before income taxes 29,660 50,058 98,479 118,420
Expense from income taxes 2,452 6,241 10,372 15,488
Income from continuing operations 27,208 43,817 88,107 102,932
Income (loss) from discontinued operations, net of tax 2 0 2 (77)
Net income $ 27,210 $ 43,817 $ 88,109 $ 102,855
Weighted-average number of shares:        
Basic (in shares) 30,513 30,395 30,625 30,335
Diluted (in shares) 30,935 30,860 31,017 30,649
Basic income per share:        
Continuing operations (in USD per share) $ 0.89 $ 1.44 $ 2.88 $ 3.39
Discontinued operations (in USD per share) 0 0 0 0
Total (in USD per share) 0.89 1.44 2.88 3.39
Diluted income per share:        
Continuing operations (in USD per share) 0.88 1.42 2.84 3.36
Discontinued operations (in USD per share) 0 0 0 0
Total (in USD per share) $ 0.88 $ 1.42 $ 2.84 $ 3.36