XML 46 R35.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Tables)
9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables contain our revenue, operating income, and depreciation and amortization by reportable segment and Corporate and unallocated for the periods presented:
Three Months EndedNine Months Ended
 June 30,June 30,
in thousands2025202420252024
Revenue
West$329,149 $369,359 $1,001,921 $953,790 
East149,160 123,565 379,898 310,186 
Southeast67,058 102,758 197,840 260,064 
Total revenue$545,367 $595,682 $1,579,659 $1,524,040 
Three Months EndedNine Months Ended
June 30,June 30,
in thousands2025202420252024
Operating (loss) income
West$27,402 $45,582 $94,291 $119,951 
East14,473 9,158 28,702 27,796 
Southeast(2,561)12,755 3,797 32,848 
Segment total39,314 67,495 126,790 180,595 
Corporate and unallocated(a)
(43,024)(38,971)(114,993)(95,815)
Total operating (loss) income$(3,710)$28,524 $11,797 $84,780 
(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 EndedNine Months Ended
 June 30,June 30,
in thousands2025202420252024
Depreciation and amortization
West$2,151 $2,520 $6,860 $6,283 
East633 494 1,637 1,109 
Southeast428 397 1,123 985 
Segment total3,212 3,411 9,620 8,377 
Corporate and unallocated(a)
1,359 481 3,653 1,321 
Total depreciation and amortization $4,571 $3,892 $13,273 $9,698 
(a) Represents depreciation and amortization related to assets held by our corporate functions that benefit all segments.
The following table presents capital expenditures by reportable segment and Corporate and unallocated for the periods presented:
Nine Months Ended
 June 30,
in thousands20252024
Capital expenditures
West$7,627 $9,132 
East2,274 1,829 
Southeast3,753 756 
Corporate and unallocated7,373 4,974 
Total capital expenditures$21,027 $16,691 
The following table presents assets by reportable segment and Corporate and unallocated as of June 30, 2025 and September 30, 2024:
in thousandsJune 30, 2025September 30, 2024
Assets
West$1,222,047 $1,114,450 
East512,577 454,255 
Southeast474,221 389,058 
Corporate and unallocated(a)
503,479 633,764 
Total assets$2,712,324 $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.