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Supplemental Guarantor Information | 3 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Supplemental Guarantor information | Supplemental Guarantor Information As discussed in Note 7, our obligations to pay principal, premium, if any, and interest under certain debt are guaranteed on a joint and several basis by substantially all of our subsidiaries. Certain of our immaterial subsidiaries do not guarantee our Senior Notes or our Secured Revolving Credit Facility. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc.
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 147,840 |  |  | $ | (18 | ) |  | $ | 1,530 |  |  | $ | (10,672 | ) |  | $ | 138,680 |
Restricted cash | 62,905 |  |  | 1,187 |  |  | — |  |  | — |  |  | 64,092 |
Accounts receivable (net of allowance of $1,267) | — |  |  | 32,314 |  |  | 2 |  |  | — |  |  | 32,316 |
Income tax receivable | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Owned inventory | — |  |  | 1,677,611 |  |  | — |  |  | — |  |  | 1,677,611 |
Consolidated inventory not owned | — |  |  | 1,443 |  |  | — |  |  | — |  |  | 1,443 |
Investments in marketable securities and unconsolidated entities | 773 |  |  | 33,962 |  |  | — |  |  | — |  |  | 34,735 |
Deferred tax assets, net | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Property, plant and equipment, net | — |  |  | 19,315 |  |  | — |  |  | — |  |  | 19,315 |
Investments in subsidiaries | 242,515 |  |  | — |  |  | — |  |  | (242,515 | ) |  | — |
Intercompany | 1,323,583 |  |  | — |  |  | 2,402 |  |  | (1,325,985 | ) |  | — |
Other assets | 16,026 |  |  | 4,986 |  |  | 90 |  |  | — |  |  | 21,102 |
Total assets | $ | 1,793,734 |  |  | $ | 1,770,800 |  |  | $ | 4,024 |  |  | $ | (1,579,172 | ) |  | $ | 1,989,386 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | — |  |  | $ | 65,845 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,845 |
Other liabilities | 20,816 |  |  | 106,043 |  |  | 683 |  |  | — |  |  | 127,542 |
Intercompany | 2,402 |  |  | 1,334,255 |  |  | — |  |  | (1,336,657 | ) |  | — |
Obligations related to land not owned under option agreements | — |  |  | 1,248 |  |  | — |  |  | — |  |  | 1,248 |
Total debt (net of discounts of $4,209) | 1,512,356 |  |  | 24,235 |  |  | — |  |  | — |  |  | 1,536,591 |
Total liabilities | 1,535,574 |  |  | 1,531,626 |  |  | 683 |  |  | (1,336,657 | ) |  | 1,731,226 |
Stockholders’ equity | 258,160 |  |  | 239,174 |  |  | 3,341 |  |  | (242,515 | ) |  | 258,160 |
Total liabilities and stockholders’ equity | $ | 1,793,734 |  |  | $ | 1,770,800 |  |  | $ | 4,024 |  |  | $ | (1,579,172 | ) |  | $ | 1,989,386 |
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 301,980 |  |  | $ | 22,034 |  |  | $ | 1,614 |  |  | $ | (1,474 | ) |  | $ | 324,154 |
Restricted cash | 61,945 |  |  | 996 |  |  | — |  |  | — |  |  | 62,941 |
Accounts receivable (net of allowance of $1,245) | — |  |  | 34,428 |  |  | 1 |  |  | — |  |  | 34,429 |
Income tax receivable | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Owned inventory | — |  |  | 1,557,496 |  |  | — |  |  | — |  |  | 1,557,496 |
Consolidated inventory not owned | — |  |  | 3,857 |  |  | — |  |  | — |  |  | 3,857 |
Investments in marketable securities and unconsolidated entities | 773 |  |  | 37,568 |  |  | — |  |  | — |  |  | 38,341 |
Deferred tax assets, net | 2,823 |  |  | — |  |  | — |  |  | — |  |  | 2,823 |
Property, plant and equipment, net | — |  |  | 18,673 |  |  | — |  |  | — |  |  | 18,673 |
Investments in subsidiaries | 253,540 |  |  | — |  |  | — |  |  | (253,540 | ) |  | — |
Intercompany | 1,195,349 |  |  | — |  |  | 2,405 |  |  | (1,197,754 | ) |  | — |
Other assets | 17,226 |  |  | 6,144 |  |  | 90 |  |  | — |  |  | 23,460 |
Total assets | $ | 1,833,682 |  |  | $ | 1,681,196 |  |  | $ | 4,110 |  |  | $ | (1,452,768 | ) |  | $ | 2,066,220 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | — |  |  | $ | 106,237 |  |  | $ | — |  |  | $ | — |  |  | $ | 106,237 |
Other liabilities | 38,871 |  |  | 102,833 |  |  | 812 |  |  | — |  |  | 142,516 |
Intercompany | 2,405 |  |  | 1,196,823 |  |  | — |  |  | (1,199,228 | ) |  | — |
Obligations related to land not owned under option agreements | — |  |  | 2,916 |  |  | — |  |  | — |  |  | 2,916 |
Total debt (net of discounts of $4,399) | 1,513,288 |  |  | 22,145 |  |  | — |  |  | — |  |  | 1,535,433 |
Total liabilities | 1,554,564 |  |  | 1,430,954 |  |  | 812 |  |  | (1,199,228 | ) |  | 1,787,102 |
Stockholders’ equity | 279,118 |  |  | 250,242 |  |  | 3,298 |  |  | (253,540 | ) |  | 279,118 |
Total liabilities and stockholders’ equity | $ | 1,833,682 |  |  | $ | 1,681,196 |  |  | $ | 4,110 |  |  | $ | (1,452,768 | ) |  | $ | 2,066,220 |
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2014 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 265,764 |  |  | $ | 98 |  |  | $ | (98 | ) |  | $ | 265,764 |
Home construction and land sales expenses | 8,194 |  |  | 222,450 |  |  | — |  |  | (98 | ) |  | 230,546 |
Inventory impairments and option contract abandonments | — |  |  | — |  |  | — |  |  | — |  |  | — |
Gross (loss) profit | (8,194 | ) |  | 43,314 |  |  | 98 |  |  | — |  |  | 35,218 |
Commissions | — |  |  | 10,926 |  |  | — |  |  | — |  |  | 10,926 |
General and administrative expenses | — |  |  | 31,414 |  |  | 27 |  |  | — |  |  | 31,441 |
Depreciation and amortization | — |  |  | 2,341 |  |  | — |  |  | — |  |  | 2,341 |
Operating (loss) income | (8,194 | ) |  | (1,367 | ) |  | 71 |  |  | — |  |  | (9,490 | )
Equity in income of unconsolidated entities | — |  |  | 142 |  |  | — |  |  | — |  |  | 142 |
Other (expense) income, net | (9,747 | ) |  | 314 |  |  | (1 | ) |  | — |  |  | (9,434 | )
(Loss) income before income taxes | (17,941 | ) |  | (911 | ) |  | 70 |  |  | — |  |  | (18,782 | )
(Benefit from) provision for income taxes | (6,627 | ) |  | 5,906 |  |  | 25 |  |  | — |  |  | (696 | )
Equity in loss of subsidiaries | (6,772 | ) |  | — |  |  | — |  |  | 6,772 |  |  | — |
(Loss) income from continuing operations | (18,086 | ) |  | (6,817 | ) |  | 45 |  |  | 6,772 |  |  | (18,086 | )
Loss from discontinued operations | — |  |  | (4,251 | ) |  | (3 | ) |  | — |  |  | (4,254 | )
Equity in loss of subsidiaries | (4,254 | ) |  | — |  |  | — |  |  | 4,254 |  |  | — |
Net (loss) income | $ | (22,340 | ) |  | $ | (11,068 | ) |  | $ | 42 |  |  | $ | 11,026 |  |  | $ | (22,340 | )
Unrealized gain related to available-for-sale securities | 206 |  |  | — |  |  | — |  |  | — |  |  | 206 |
Comprehensive (loss) income | $ | (22,134 | ) |  | $ | (11,068 | ) |  | $ | 42 |  |  | $ | 11,026 |  |  | $ | (22,134 | )
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2013 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 293,170 |  |  | $ | 80 |  |  | $ | (80 | ) |  | $ | 293,170 |
Home construction and land sales expenses | 7,135 |  |  | 231,414 |  |  | — |  |  | (80 | ) |  | 238,469 |
Inventory impairments and option contract abandonments | — |  |  | 31 |  |  | — |  |  | — |  |  | 31 |
Gross (loss) profit | (7,135 | ) |  | 61,725 |  |  | 80 |  |  | — |  |  | 54,670 |
Commissions | — |  |  | 11,821 |  |  | — |  |  | — |  |  | 11,821 |
General and administrative expenses | — |  |  | 28,383 |  |  | 27 |  |  | — |  |  | 28,410 |
Depreciation and amortization | — |  |  | 2,907 |  |  | — |  |  | — |  |  | 2,907 |
Operating (loss) income | (7,135 | ) |  | 18,614 |  |  | 53 |  |  | — |  |  | 11,532 |
Equity in income of unconsolidated entities | — |  |  | 319 |  |  | — |  |  | — |  |  | 319 |
Other (expense) income, net | (16,032 | ) |  | 278 |  |  | (3 | ) |  | — |  |  | (15,757 | )
(Loss) income before income taxes | (23,167 | ) |  | 19,211 |  |  | 50 |  |  | — |  |  | (3,906 | )
Provision for (benefit from) income taxes | 141 |  |  | (117 | ) |  | 18 |  |  | — |  |  | 42 |
Equity in income of subsidiaries | 19,360 |  |  | — |  |  | — |  |  | (19,360 | ) |  | — |
(Loss) income from continuing operations | (3,948 | ) |  | 19,328 |  |  | 32 |  |  | (19,360 | ) |  | (3,948 | )
Loss from discontinued operations | — |  |  | (1,187 | ) |  | (3 | ) |  | — |  |  | (1,190 | )
Equity in loss of subsidiaries | (1,190 | ) |  | — |  |  | — |  |  | 1,190 |  |  | — |
Net (loss) income | $ | (5,138 | ) |  | $ | 18,141 |  |  | $ | 29 |  |  | $ | (18,170 | ) |  | $ | (5,138 | )
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2014 |  |  |  |  |  |  |  |  |
Net cash used in operating activities | $ | (30,841 | ) |  | $ | (141,603 | ) |  | $ | (88 | ) |  | $ | — |  |  | $ | (172,532 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,934 | ) |  | — |  |  | — |  |  | (2,934 | )
Investments in unconsolidated entities | — |  |  | (1,144 | ) |  | — |  |  | — |  |  | (1,144 | )
Increases in restricted cash | (959 | ) |  | (486 | ) |  | — |  |  | — |  |  | (1,445 | )
Decreases in restricted cash | — |  |  | 294 |  |  | — |  |  | — |  |  | 294 |
Advances to/from subsidiaries | (114,977 | ) |  | — |  |  | — |  |  | 114,977 |  |  | — |
Net cash (used in) provided by investing activities | (115,936 | ) |  | (4,270 | ) |  | — |  |  | 114,977 |  |  | (5,229 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (7,038 | ) |  | (350 | ) |  | — |  |  | — |  |  | (7,388 | )
Debt issuance costs | (126 | ) |  | — |  |  | — |  |  | — |  |  | (126 | )
Advances to/from subsidiaries | — |  |  | 124,171 |  |  | 4 |  |  | (124,175 | ) |  | — |
Payments for other financing activities | (199 | ) |  | — |  |  | — |  |  | — |  |  | (199 | )
Net cash (used in) provided by financing activities | (7,363 | ) |  | 123,821 |  |  | 4 |  |  | (124,175 | ) |  | (7,713 | )
Decrease in cash and cash equivalents | (154,140 | ) |  | (22,052 | ) |  | (84 | ) |  | (9,198 | ) |  | (185,474 | )
Cash and cash equivalents at beginning of period | 301,980 |  |  | 22,034 |  |  | 1,614 |  |  | (1,474 | ) |  | 324,154 |
Cash and cash equivalents at end of period | $ | 147,840 |  |  | $ | (18 | ) |  | $ | 1,530 |  |  | $ | (10,672 | ) |  | $ | 138,680 |
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2013 |  |  |  |  |  |  |  |  |
Net cash used in operating activities | $ | (37,161 | ) |  | $ | (76,683 | ) |  | $ | (34 | ) |  | $ | — |  |  | $ | (113,878 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (3,200 | ) |  | — |  |  | — |  |  | (3,200 | )
Investments in unconsolidated entities | — |  |  | (2,164 | ) |  | — |  |  | — |  |  | (2,164 | )
Increases in restricted cash | (433 | ) |  | (295 | ) |  | — |  |  | — |  |  | (728 | )
Decreases in restricted cash | 39 |  |  | 512 |  |  | — |  |  | — |  |  | 551 |
Net cash used in investing activities | (394 | ) |  | (5,147 | ) |  | — |  |  | — |  |  | (5,541 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (1,913 | ) |  | (122 | ) |  | — |  |  | — |  |  | (2,035 | )
Debt issuance costs | (32 | ) |  | — |  |  | — |  |  | — |  |  | (32 | )
Advances to/from subsidiaries | (70,833 | ) |  | 75,697 |  |  | (69 | ) |  | (4,795 | ) |  | — |
Payments for other financing activities | (413 | ) |  | — |  |  | — |  |  | — |  |  | (413 | )
Net cash (used in) provided by financing activities | (73,191 | ) |  | 75,575 |  |  | (69 | ) |  | (4,795 | ) |  | (2,480 | )
Decrease in cash and cash equivalents | (110,746 | ) |  | (6,255 | ) |  | (103 | ) |  | (4,795 | ) |  | (121,899 | )
Cash and cash equivalents at beginning of period | 499,341 |  |  | 6,324 |  |  | 1,637 |  |  | (2,843 | ) |  | 504,459 |
Cash and cash equivalents at end of period | $ | 388,595 |  |  | $ | 69 |  |  | $ | 1,534 |  |  | $ | (7,638 | ) |  | $ | 382,560 |

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- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References No definition available. + Details
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