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Supplemental Guarantor Information (Tables) | 6 Months Ended
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Mar. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Unaudited Consolidating Balance Sheet Information | Beazer Homes USA, Inc. Unaudited Consolidating Balance Sheet Information March 31, 2015 (In thousands)
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 136,642 |  |  | $ | 12,037 |  |  | $ | 981 |  |  | $ | (3,399 | ) |  | $ | 146,261 |
Restricted cash | 41,665 |  |  | 1,504 |  |  | — |  |  | — |  |  | 43,169 |
Accounts receivable (net of allowance of $1,305) | — |  |  | 35,877 |  |  | 3 |  |  | — |  |  | 35,880 |
Income tax receivable | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Owned inventory | — |  |  | 1,757,036 |  |  | — |  |  | — |  |  | 1,757,036 |
Investments in marketable securities and unconsolidated entities | 773 |  |  | 9,599 |  |  | — |  |  | — |  |  | 10,372 |
Deferred tax assets, net | 46 |  |  | — |  |  | — |  |  | — |  |  | 46 |
Property, plant and equipment, net | — |  |  | 21,153 |  |  | — |  |  | — |  |  | 21,153 |
Investments in subsidiaries | 251,040 |  |  | — |  |  | — |  |  | (251,040 | ) |  | — |
Intercompany | 1,359,657 |  |  | — |  |  | 2,394 |  |  | (1,362,051 | ) |  | — |
Other assets | 14,835 |  |  | 3,365 |  |  | 90 |  |  | — |  |  | 18,290 |
Total assets | $ | 1,804,704 |  |  | $ | 1,840,571 |  |  | $ | 3,468 |  |  | $ | (1,616,490 | ) |  | $ | 2,032,253 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | — |  |  | $ | 100,844 |  |  | $ | — |  |  | $ | — |  |  | $ | 100,844 |
Other liabilities | 32,109 |  |  | 104,694 |  |  | 632 |  |  | — |  |  | 137,435 |
Intercompany | 2,394 |  |  | 1,363,056 |  |  | — |  |  | (1,365,450 | ) |  | — |
Total debt (net of discounts of $4,019) | 1,511,399 |  |  | 23,773 |  |  | — |  |  | — |  |  | 1,535,172 |
Total liabilities | 1,545,902 |  |  | 1,592,367 |  |  | 632 |  |  | (1,365,450 | ) |  | 1,773,451 |
Stockholders’ equity | 258,802 |  |  | 248,204 |  |  | 2,836 |  |  | (251,040 | ) |  | 258,802 |
Total liabilities and stockholders’ equity | $ | 1,804,704 |  |  | $ | 1,840,571 |  |  | $ | 3,468 |  |  | $ | (1,616,490 | ) |  | $ | 2,032,253 |
Beazer Homes USA, Inc. Unaudited Consolidating Balance Sheet Information September 30, 2014 (In thousands)
| 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 |
Unaudited Consolidating Income Statement | Beazer Homes USA, Inc. Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss) (In thousands)
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 299,359 |  |  | $ | 33 |  |  | $ | (33 | ) |  | $ | 299,359 |
Home construction and land sales expenses | 9,782 |  |  | 235,697 |  |  | — |  |  | (33 | ) |  | 245,446 |
Gross (loss) profit | (9,782 | ) |  | 63,662 |  |  | 33 |  |  | — |  |  | 53,913 |
Commissions | — |  |  | 11,969 |  |  | — |  |  | — |  |  | 11,969 |
General and administrative expenses | — |  |  | 32,694 |  |  | 33 |  |  | — |  |  | 32,727 |
Depreciation and amortization | — |  |  | 2,781 |  |  | — |  |  | — |  |  | 2,781 |
Operating (loss) income | (9,782 | ) |  | 16,218 |  |  | — |  |  | — |  |  | 6,436 |
Equity in income of unconsolidated entities | — |  |  | 82 |  |  | — |  |  | — |  |  | 82 |
Other (expense) income, net | (7,695 | ) |  | (777 | ) |  | (1 | ) |  | — |  |  | (8,473 | )
(Loss) income before income taxes | (17,477 | ) |  | 15,523 |  |  | (1 | ) |  | — |  |  | (1,955 | )
(Benefit from) provision for income taxes | (6,456 | ) |  | 6,561 |  |  | — |  |  | — |  |  | 105 |
Equity in income of subsidiaries | 8,961 |  |  | — |  |  | — |  |  | (8,961 | ) |  | — |
(Loss) income from continuing operations | (2,060 | ) |  | 8,962 |  |  | (1 | ) |  | (8,961 | ) |  | (2,060 | )
Income (loss) from discontinued operations | — |  |  | 68 |  |  | (4 | ) |  | — |  |  | 64 |
Equity in income of subsidiaries from discontinued operations | 64 |  |  | — |  |  | — |  |  | (64 | ) |  | — |
Net (loss) income | $ | (1,996 | ) |  | $ | 9,030 |  |  | $ | (5 | ) |  | $ | (9,025 | ) |  | $ | (1,996 | )
Change in unrealized loss related to available-for-sale securities | 1,070 |  |  | — |  |  | — |  |  | — |  |  | 1,070 |
Comprehensive (loss) income | $ | (926 | ) |  | $ | 9,030 |  |  | $ | (5 | ) |  | $ | (9,025 | ) |  | $ | (926 | )
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 270,021 |  |  | $ | 100 |  |  | $ | (100 | ) |  | $ | 270,021 |
Home construction and land sales expenses | 7,379 |  |  | 209,690 |  |  | — |  |  | (100 | ) |  | 216,969 |
Inventory impairments and option contract abandonments | — |  |  | 880 |  |  | — |  |  | — |  |  | 880 |
Gross (loss) profit | (7,379 | ) |  | 59,451 |  |  | 100 |  |  | — |  |  | 52,172 |
Commissions | — |  |  | 11,096 |  |  | — |  |  | — |  |  | 11,096 |
General and administrative expenses | — |  |  | 32,592 |  |  | 36 |  |  | — |  |  | 32,628 |
Depreciation and amortization | — |  |  | 2,831 |  |  | — |  |  | — |  |  | 2,831 |
Operating (loss) income | (7,379 | ) |  | 12,932 |  |  | 64 |  |  | — |  |  | 5,617 |
Equity in loss of unconsolidated entities | — |  |  | (17 | ) |  | — |  |  | — |  |  | (17 | )
Loss on extinguishment of debt | (153 | ) |  | — |  |  | — |  |  | — |  |  | (153 | )
Other (expense) income, net | (14,659 | ) |  | 933 |  |  | (1 | ) |  | — |  |  | (13,727 | )
(Loss) income before income taxes | (22,191 | ) |  | 13,848 |  |  | 63 |  |  | — |  |  | (8,280 | )
(Benefit from) provision for income taxes | (210 | ) |  | 131 |  |  | 23 |  |  | — |  |  | (56 | )
Equity in income of subsidiaries | 13,757 |  |  | — |  |  | — |  |  | (13,757 | ) |  | — |
(Loss) income from continuing operations | (8,224 | ) |  | 13,717 |  |  | 40 |  |  | (13,757 | ) |  | (8,224 | )
Income (loss) from discontinued operations | — |  |  | 257 |  |  | (4 | ) |  | — |  |  | 253 |
Equity in income of subsidiaries from discontinued operations | 253 |  |  | — |  |  | — |  |  | (253 | ) |  | — |
Net (loss) income and comprehensive (loss) income | $ | (7,971 | ) |  | $ | 13,974 |  |  | $ | 36 |  |  | $ | (14,010 | ) |  | $ | (7,971 | )
Beazer Homes USA, Inc. Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss) (In thousands)
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 565,123 |  |  | $ | 131 |  |  | $ | (131 | ) |  | $ | 565,123 |
Home construction and land sales expenses | 17,976 |  |  | 458,147 |  |  | — |  |  | (131 | ) |  | 475,992 |
Gross (loss) profit | (17,976 | ) |  | 106,976 |  |  | 131 |  |  | — |  |  | 89,131 |
Commissions | — |  |  | 22,895 |  |  | — |  |  | — |  |  | 22,895 |
General and administrative expenses | — |  |  | 64,108 |  |  | 60 |  |  | — |  |  | 64,168 |
Depreciation and amortization | — |  |  | 5,122 |  |  | — |  |  | — |  |  | 5,122 |
Operating (loss) income | (17,976 | ) |  | 14,851 |  |  | 71 |  |  | — |  |  | (3,054 | )
Equity in income of unconsolidated entities | — |  |  | 224 |  |  | — |  |  | — |  |  | 224 |
Other (expense) income, net | (17,442 | ) |  | (463 | ) |  | (2 | ) |  | — |  |  | (17,907 | )
(Loss) income before income taxes | (35,418 | ) |  | 14,612 |  |  | 69 |  |  | — |  |  | (20,737 | )
(Benefit from) provision for income taxes | (13,083 | ) |  | 12,467 |  |  | 25 |  |  | — |  |  | (591 | )
Equity in income of subsidiaries | 2,189 |  |  | — |  |  | — |  |  | (2,189 | ) |  | — |
(Loss) income from continuing operations | (20,146 | ) |  | 2,145 |  |  | 44 |  |  | (2,189 | ) |  | (20,146 | )
Loss from discontinued operations | — |  |  | (4,183 | ) |  | (7 | ) |  | — |  |  | (4,190 | )
Equity in loss of subsidiaries from discontinued operations | (4,190 | ) |  | — |  |  | — |  |  | 4,190 |  |  | — |
Net (loss) income | $ | (24,336 | ) |  | $ | (2,038 | ) |  | $ | 37 |  |  | $ | 2,001 |  |  | $ | (24,336 | )
Change in unrealized loss related to available-for-sale securities | 1,276 |  |  | — |  |  | — |  |  | — |  |  | 1,276 |
Comprehensive (loss) income | $ | (23,060 | ) |  | $ | (2,038 | ) |  | $ | 37 |  |  | $ | 2,001 |  |  | $ | (23,060 | )
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 563,191 |  |  | $ | 180 |  |  | $ | (180 | ) |  | $ | 563,191 |
Home construction and land sales expenses | 14,514 |  |  | 441,104 |  |  | — |  |  | (180 | ) |  | 455,438 |
Inventory impairments and option contract abandonments | — |  |  | 911 |  |  | — |  |  | — |  |  | 911 |
Gross (loss) profit | (14,514 | ) |  | 121,176 |  |  | 180 |  |  | — |  |  | 106,842 |
Commissions | — |  |  | 22,917 |  |  | — |  |  | — |  |  | 22,917 |
General and administrative expenses | — |  |  | 60,976 |  |  | 62 |  |  | — |  |  | 61,038 |
Depreciation and amortization | — |  |  | 5,738 |  |  | — |  |  | — |  |  | 5,738 |
Operating (loss) income | (14,514 | ) |  | 31,545 |  |  | 118 |  |  | — |  |  | 17,149 |
Equity in income of unconsolidated entities | — |  |  | 302 |  |  | — |  |  | — |  |  | 302 |
Loss on extinguishment of debt | (153 | ) |  | — |  |  | — |  |  | — |  |  | (153 | )
Other (expense) income, net | (30,692 | ) |  | 1,212 |  |  | (4 | ) |  | — |  |  | (29,484 | )
(Loss) income before income taxes | (45,359 | ) |  | 33,059 |  |  | 114 |  |  | — |  |  | (12,186 | )
(Benefit from) provision for income taxes | (199 | ) |  | 145 |  |  | 40 |  |  | — |  |  | (14 | )
Equity in income of subsidiaries | 32,988 |  |  | — |  |  | — |  |  | (32,988 | ) |  | — |
(Loss) income from continuing operations | (12,172 | ) |  | 32,914 |  |  | 74 |  |  | (32,988 | ) |  | (12,172 | )
Loss from discontinued operations | — |  |  | (930 | ) |  | (7 | ) |  | — |  |  | (937 | )
Equity in loss of subsidiaries and discontinued operations | (937 | ) |  | — |  |  | — |  |  | 937 |  |  | — |
Net (loss) income and comprehensive (loss) income | $ | (13,109 | ) |  | $ | 31,984 |  |  | $ | 67 |  |  | $ | (32,051 | ) |  | $ | (13,109 | )
Unaudited Consolidating Statements of Cash Flow | Beazer Homes USA, Inc. Unaudited Condensed Consolidating Statements of Cash Flow (In thousands)
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |
Net cash used in operating activities | $ | (31,274 | ) |  | $ | (171,497 | ) |  | $ | (145 | ) |  | $ | — |  |  | $ | (202,916 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (7,478 | ) |  | — |  |  | — |  |  | (7,478 | )
Investments in unconsolidated entities | — |  |  | (1,670 | ) |  | — |  |  | — |  |  | (1,670 | )
Proceeds from sale of marketable securities and unconsolidated entities | — |  |  | 24,211 |  |  | — |  |  | — |  |  | 24,211 |
Increases in restricted cash | (1,319 | ) |  | (1,168 | ) |  | — |  |  | — |  |  | (2,487 | )
Decreases in restricted cash | 21,601 |  |  | 658 |  |  | — |  |  | — |  |  | 22,259 |
Advances to/from subsidiaries | (145,846 | ) |  | — |  |  | — |  |  | 145,846 |  |  | — |
Net cash (used in) provided by investing activities | (125,564 | ) |  | 14,553 |  |  | — |  |  | 145,846 |  |  | 34,835 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (8,702 | ) |  | (812 | ) |  | — |  |  | — |  |  | (9,514 | )
Debt issuance costs | (126 | ) |  | — |  |  | — |  |  | — |  |  | (126 | )
Dividends paid | 500 |  |  | — |  |  | (500 | ) |  | — |  |  | — |
Advances to/from subsidiaries | — |  |  | 147,759 |  |  | 12 |  |  | (147,771 | ) |  | — |
Other financing activities | (172 | ) |  | — |  |  | — |  |  | — |  |  | (172 | )
Net cash (used in) provided by financing activities | (8,500 | ) |  | 146,947 |  |  | (488 | ) |  | (147,771 | ) |  | (9,812 | )
Decrease in cash and cash equivalents | (165,338 | ) |  | (9,997 | ) |  | (633 | ) |  | (1,925 | ) |  | (177,893 | )
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 | $ | 136,642 |  |  | $ | 12,037 |  |  | $ | 981 |  |  | $ | (3,399 | ) |  | $ | 146,261 |
| Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
Net cash used in operating activities | $ | (45,803 | ) |  | $ | (142,360 | ) |  | $ | 111 |  |  | $ | — |  |  | $ | (188,052 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (6,641 | ) |  | — |  |  | — |  |  | (6,641 | )
Investments in unconsolidated entities | — |  |  | (3,193 | ) |  | — |  |  | — |  |  | (3,193 | )
Increases in restricted cash | (1,898 | ) |  | (690 | ) |  | — |  |  | — |  |  | (2,588 | )
Decreases in restricted cash | 39 |  |  | 762 |  |  | — |  |  | — |  |  | 801 |
Net cash used in investing activities | (1,859 | ) |  | (9,762 | ) |  | — |  |  | — |  |  | (11,621 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (3,857 | ) |  | (890 | ) |  | — |  |  | — |  |  | (4,747 | )
Debt issuance costs | (26 | ) |  | — |  |  | — |  |  | — |  |  | (26 | )
Advances to/from subsidiaries | (145,227 | ) |  | 148,387 |  |  | (59 | ) |  | (3,101 | ) |  | — |
Other financing activities | (393 | ) |  | — |  |  | — |  |  | — |  |  | (393 | )
Net cash (used in) provided by financing activities | (149,503 | ) |  | 147,497 |  |  | (59 | ) |  | (3,101 | ) |  | (5,166 | )
Decrease in cash and cash equivalents | (197,165 | ) |  | (4,625 | ) |  | 52 |  |  | (3,101 | ) |  | (204,839 | )
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 | $ | 302,176 |  |  | $ | 1,699 |  |  | $ | 1,689 |  |  | $ | (5,944 | ) |  | $ | 299,620 |

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