Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2024

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, 2024 and 2023:

in thousands	September 30, 2024		September 30, 2023
Model furnishings and sales office improvements	$	32,179	$	24,736
Information systems	30,140		25,745
Furniture, fixtures and office equipment	15,447		12,692
Leasehold improvements	3,226		3,026
Buildings and improvements	1,382		1,382
Property and equipment, gross	82,374		67,581
Less: Accumulated depreciation	(43,746)		(36,437)
Property and equipment, net	$	38,628	$	31,144