XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]        
Total revenue $ 565,339 $ 541,540 $ 1,034,292 $ 928,358
Home construction and land sales expenses 478,813 439,687 875,688 748,775
Inventory impairments and abandonments 528 0 528 0
Gross profit 85,998 101,853 158,076 179,583
Commissions 18,783 18,285 34,896 31,531
General and administrative expenses 49,199 44,004 98,971 85,990
Depreciation and amortization 4,647 3,573 8,702 5,806
Operating income 13,369 35,991 15,507 56,256
Loss on extinguishment of debt, net 0 (424) 0 (437)
Other income, net 799 10,343 1,827 13,000
Income from continuing operations before income taxes 14,168 45,910 17,334 68,819
Expense from income taxes 1,390 6,739 1,426 7,920
Income from continuing operations 12,778 39,171 15,908 60,899
Income (loss) from discontinued operations, net of tax 0 0 0 0
Net income $ 12,778 $ 39,171 $ 15,908 $ 60,899
Weighted-average number of shares:        
Basic (in shares) 30,119 30,769 30,274 30,681
Diluted (in shares) 30,265 31,133 30,479 31,064
Basic income per share:        
Continuing operations (in USD per share) $ 0.42 $ 1.27 $ 0.53 $ 1.98
Discontinued operations (in USD per share) 0 0 0 0
Total (in USD per share) 0.42 1.27 0.53 1.98
Diluted income per share:        
Continuing operations (in USD per share) 0.42 1.26 0.52 1.96
Discontinued operations (in USD per share) 0 0 0 0
Total (in USD per share) $ 0.42 $ 1.26 $ 0.52 $ 1.96