Segment Information (Tables)

3 Months Ended

Dec. 31, 2024

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 Ended
	December 31,
in thousands	2024		2023
Revenue
West	$	298,916	$	237,093
East	109,882		74,777
Southeast	60,155		74,948
Total revenue	$	468,953	$	386,818

	Three Months Ended
	December 31,
in thousands	2024		2023
Operating income
West	$	27,414	$	28,339
East	6,672		6,356
Southeast	2,621		9,140
Segment total	36,707		43,835
Corporate and unallocated(a)	(34,569)		(23,570)
Total operating income	$	2,138	$	20,265

(a) Includes amortization of capitalized interest, capitalization and amortization of indirect costs, impairment of capitalized interest and capitalized indirect costs, when applicable, 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.

	Three Months Ended
	December 31,
in thousands	2024		2023
Depreciation and amortization
West	$	2,191	$	1,311
East	456		209
Southeast	298		320
Segment total	2,945		1,840
Corporate and unallocated(a)	1,110		393
Total depreciation and amortization	$	4,055	$	2,233

(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:

	Three Months Ended
	December 31,
in thousands	2024		2023
Capital expenditures
West	$	1,782	$	3,600
East	747		369
Southeast	1,217		185
Corporate and unallocated	1,473		1,390
Total capital expenditures	$	5,219	$	5,544

The following table presents assets by segment as of December 31, 2024 and September 30, 2024:

in thousands	December 31, 2024		September 30, 2024
Assets
West	$	1,178,094	$	1,114,450
East	485,806		454,255
Southeast	422,187		389,058
Corporate and unallocated(a)	514,441		633,764
Total assets	$	2,600,528	$	2,591,527

(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.