XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Inventory (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2018
Real Estate [Abstract] |
Schedule of inventory | The components of our owned inventory are as follows as of September 30, 2018 and September 30, 2017:
(In thousands) | September 30, 2018 |  | September 30, 2017
Homes under construction | $ | 476,752 |  |  | $ | 419,312 |
Development projects in progress | 907,793 |  |  | 785,777 |
Land held for future development | 83,173 |  |  | 112,565 |
Land held for sale | 7,781 |  |  | 17,759 |
Capitalized interest | 144,645 |  |  | 139,203 |
Model homes | 72,140 |  |  | 68,191 |
Total owned inventory | $ | 1,692,284 |  |  | $ | 1,542,807 |
Schedule of total inventory by segment | Total owned inventory by reportable segment is presented in the table below as of September 30, 2018 and September 30, 2017:
(In thousands) | Projects in Progress (a) |  | Land Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
September 30, 2018 |  |  |  |  |  |  |
West Segment | $ | 763,453 |  |  | $ | 58,125 |  |  | $ | — |  |  | $ | 821,578 |
East Segment | 280,761 |  |  | 14,077 |  |  | 4,580 |  |  | 299,418 |
Southeast Segment | 358,126 |  |  | 10,971 |  |  | 3,177 |  |  | 372,274 |
Corporate and unallocated (b) | 198,990 |  |  | — |  |  | 24 |  |  | 199,014 |
Total | $ | 1,601,330 |  |  | $ | 83,173 |  |  | $ | 7,781 |  |  | $ | 1,692,284 |
September 30, 2017 |  |  |  |  |  |  |
West Segment | $ | 673,828 |  |  | $ | 87,231 |  |  | $ | 3,848 |  |  | $ | 764,907 |
East Segment | 250,002 |  |  | 14,391 |  |  | 11,578 |  |  | 275,971 |
Southeast Segment | 301,268 |  |  | 10,943 |  |  | 1,233 |  |  | 313,444 |
Corporate and unallocated (b) | 187,385 |  |  | — |  |  | 1,100 |  |  | 188,485 |
Total | $ | 1,412,483 |  |  | $ | 112,565 |  |  | $ | 17,759 |  |  | $ | 1,542,807 |
(a) Projects in progress include homes under construction, development projects in progress, capitalized interest, and model home categories from the preceding table. (b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment. Land held for sale amount includes parcels held by our discontinued operations.
Schedule of inventory assets held for development by reportable segment | The table below summarizes the results of our undiscounted cash flow analyses by reportable segment, where applicable, for the periods ended September 30, 2018 and 2017 (the years that such analyses were required):
($ in thousands) |  |  | Undiscounted Cash Flow Analyses Prepared
Segment (a) | Number of Communities on Watch List (b) |  | Number of Communities (c) |  | Pre-analysis Book Value (BV) |  | Aggregate Undiscounted Cash Flow as a % of BV (d)
Year Ended September 30, 2018 |  |  |  |  |  |  |
West | 2 |  |  | — |  |  | $ | — |  |  | — | %
Southeast | 2 |  |  | 2 |  |  | 4,360 |  |  | 99.0 | %
Corporate and unallocated (e) | — |  |  | — |  |  | 1,307 |  |  | N/A (f) |
Total | 4 |  |  | 2 |  |  | $ | 5,667 |  |  |
Year Ended September 30, 2017 |  |  |  |  |  |  |
West | 4 |  |  | 2 |  |  | $ | 15,801 |  |  | 94.4 | %
Southeast | 2 |  |  | — |  |  | — |  |  | — | %
Corporate and unallocated (e) | — |  |  | — |  |  | 3,337 |  |  | N/A (f) |
Total | 6 |  |  | 2 |  |  | $ | 19,138 |  |  |
(a) We have elected to aggregate our disclosure at the reportable segment level because we believe this level of disclosure is most meaningful to the readers of our financial statements. (b) Number of communities in this column excludes communities that are closing out and have less than ten closings remaining. (c) Number of communities in this column is lower than the number of communities on our watch list because it excludes communities due to certain qualitative considerations that would imply that the low profitability levels are temporary in nature. (d) An aggregate undiscounted cash flow as a percentage of book value under 100% would indicate a possible impairment and is consistent with our "watch list" methodology. (e) Amount represents capitalized interest and indirects balance related to the communities for which an undiscounted cash flow analysis was prepared. Capitalized interest and indirects are maintained within our Corporate and unallocated segment. (f) N/A - not applicable.
Summary of discounted cash flow analysis | The following table presents, by reportable segment, details of the impairment charges taken on projects in progress for the periods presented:
($ in thousands) | Results of Discounted Cash Flow Analyses Prepared
Segment | # of Communities Impaired |  | # of Lots Impaired |  | Impairment Charge |  | Estimated Fair Value of Impaired Inventory at time of Impairment
Year Ended September 30, 2018
Southeast | 1 |  |  | 25 |  |  | $ | 793 |  |  | $ | 1,312 |
Corporate and unallocated (a) | — |  |  | — |  |  | 212 |  |  | — |
Total | 1 |  |  | 25 |  |  | $ | 1,005 |  |  | $ | 1,312 |
Year Ended September 30, 2017
West | 1 |  |  | 46 |  |  | $ | 1,625 |  |  | $ | 3,791 |
Corporate and unallocated (a) | — |  |  | — |  |  | 68 |  |  | — |
Total | 1 |  |  | 46 |  |  | $ | 1,693 |  |  | $ | 3,791 |
Year Ended September 30, 2016 |  |  |
West | 2 |  |  | 213 |  |  | $ | 6,729 |  |  | $ | 16,345 |
East | 1 |  |  | 78 |  |  | 5,894 |  |  | 18,073 |
Corporate and unallocated (a) | — |  |  | — |  |  | 1,101 |  |  | — |
Total | 3 |  |  | 291 |  |  | $ | 13,724 |  |  | $ | 34,418 |
(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.
Quantitative unobservable inputs for inventory impairment | The following table presents the ranges or values of significant quantitative unobservable inputs we used in determining the fair value of the communities we impaired during the periods presented:
|  | Fiscal Year Ended September 30,
Unobservable Inputs |  | 2018 |  | 2017
Average selling price (in thousands) |  | $ | 356 |  |  | $ | 405 |
Closings per community per month |  | 1 - 6 |  |  | 1 - 4 |
Discount rate |  | 15.11 | % |  | 12.83% |
Schedule of inventory impairments and lot option abandonment charges, | The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:
| Fiscal Year Ended September 30,
(In thousands) | 2018 |  | 2017 |  | 2016
Projects in Progress: |  |  |  |  |
West | $ | — |  |  | $ | 1,625 |  |  | $ | 6,729 |
East | — |  |  | — |  |  | 5,894 |
Southeast | 793 |  |  | — |  |  | — |
Corporate and unallocated (a) | 212 |  |  | 68 |  |  | 1,101 |
Total impairment charges on projects in progress | $ | 1,005 |  |  | $ | 1,693 |  |  | $ | 13,724 |
Land Held for Sale: |  |  |  |  |
West | $ | — |  |  | $ | 94 |  |  | $ | 119 |
East | 168 |  |  | 470 |  |  | 280 |
Southeast | 3,218 |  |  | — |  |  | 371 |
Corporate and unallocated (a) | 2,108 |  |  | — |  |  | — |
Total impairment charges on land held for sale | $ | 5,494 |  |  | $ | 564 |  |  | $ | 770 |
Abandonments: |  |  |  |  |
East | $ | — |  |  | $ | 188 |  |  | $ | — |
Southeast | — |  |  | — |  |  | 788 |
Total abandonments charges | $ | — |  |  | $ | 188 |  |  | $ | 788 |
Total continuing operations | $ | 6,499 |  |  | $ | 2,445 |  |  | $ | 15,282 |
Discontinued Operations: |  |  |  |  |
Land Held for Sale | $ | 450 |  |  | $ | — |  |  | $ | — |
Total discontinued operations | $ | 450 |  |  | $ | — |  |  | $ | — |
Total impairment and abandonment charges | $ | 6,949 |  |  | $ | 2,445 |  |  | $ | 15,282 |
(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.
Summary of interests in lot option agreements | The following table provides a summary of our interests in lot option agreements as of September 30, 2018 and September 30, 2017:
(In thousands) | Deposits & Non-refundable Preacquisition Costs Incurred |  | Remaining Obligation
As of September 30, 2018 |  |  |
Unconsolidated lot option agreements | $ | 72,191 |  |  | $ | 383,150 |
As of September 30, 2017 |  |  |
Unconsolidated lot option agreements | $ | 91,854 |  |  | $ | 408,300 |

X
- Definition [Table Text Block] for Quantitative unobservable inputs for inventory impairment [Table] + References No definition available. + Details
Name: | bzh_QuantitativeunobservableinputsforinventoryimpairmentTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Recoverability Schedule of Inventory Assets Held for Development, by Reportable Segment [Table Text Block] + References No definition available. + Details
Name: | bzh_RecoverabilityScheduleOfInventoryAssetsHeldForDevelopmentByReportableSegmentTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Discounted Cash Flow Analysis [Table Text Block] + References No definition available. + Details
Name: | bzh_ScheduleOfDiscountedCashFlowAnalysisTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Inventory Impairments and Lot Option Abandonment Charges, by Reportable Homebuilding Segment [Table Text Block] + References No definition available. + Details
Name: | bzh_ScheduleOfInventoryImpairmentsAndLotOptionAbandonmentChargesByReportableHomebuildingSegmentTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Inventory [Table Text Block] + References No definition available. + Details
Name: | bzh_ScheduleOfInventoryTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Total Owned Inventory, by Segment [Table Text Block] + References No definition available. + Details
Name: | bzh_ScheduleOfTotalOwnedInventoryBySegmentTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of Interests in Lot Option Agreements [Table Text Block] + References No definition available. + Details
Name: | bzh_SummaryOfInterestsInLotOptionAgreementsTableTextBlock
Namespace Prefix: | bzh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration