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Supplemental Guarantor Information (Tables) | 9 Months Ended
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Jun. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Unaudited Condensed Consolidating Balance Sheet Information | Beazer Homes USA, Inc. Condensed Consolidating Balance Sheet Information June 30, 2018 (Unaudited)
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 130,457 |  |  | $ | 9,087 |  |  | $ | 631 |  |  | $ | (3,877 | ) |  | $ | 136,298 |
Restricted cash | 10,970 |  |  | 1,197 |  |  | — |  |  | — |  |  | 12,167 |
Accounts receivable (net of allowance of $392) |  |  |  | 28,003 |  |  | 2 |  |  | — |  |  | 28,005 |
Income tax receivable | 119 |  |  | — |  |  | — |  |  | — |  |  | 119 |
Owned inventory |  |  |  | 1,767,983 |  |  | — |  |  | — |  |  | 1,767,983 |
Investments in unconsolidated entities | 773 |  |  | 3,464 |  |  | — |  |  | — |  |  | 4,237 |
Deferred tax assets, net | 195,145 |  |  | — |  |  | — |  |  | — |  |  | 195,145 |
Property and equipment, net |  |  |  | 22,212 |  |  | — |  |  | — |  |  | 22,212 |
Investments in subsidiaries | 615,081 |  |  | — |  |  | — |  |  | (615,081 | ) |  | — |
Intercompany | 978,478 |  |  | — |  |  | 2,312 |  |  | (980,790 | ) |  | — |
Other assets | 809 |  |  | 10,033 |  |  | 19 |  |  | — |  |  | 10,861 |
Total assets | $ | 1,931,832 |  |  | $ | 1,841,979 |  |  | $ | 2,964 |  |  | $ | (1,599,748 | ) |  | $ | 2,177,027 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | — |  |  | $ | 143,135 |  |  | $ | — |  |  |  |  |  |  | $ | 143,135 |
Other liabilities | 24,476 |  |  | 100,056 |  |  | 190 |  |  |  |  |  | 124,722 |
Intercompany | 2,312 |  |  | 982,355 |  |  | — |  |  | (984,667 | ) |  | — |
Total debt (net of premium and debt issuance costs) | 1,322,377 |  |  | 4,126 |  |  | — |  |  |  |  |  | 1,326,503 |
Total liabilities | 1,349,165 |  |  | 1,229,672 |  |  | 190 |  |  | (984,667 | ) |  | 1,594,360 |
Stockholders’ equity | 582,667 |  |  | 612,307 |  |  | 2,774 |  |  | (615,081 | ) |  | 582,667 |
Total liabilities and stockholders’ equity | $ | 1,931,832 |  |  | $ | 1,841,979 |  |  | $ | 2,964 |  |  | $ | (1,599,748 | ) |  | $ | 2,177,027 |
Beazer Homes USA, Inc. Condensed Consolidating Balance Sheet Information September 30, 2017 (Unaudited)
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 283,191 |  |  | $ | 15,393 |  |  | $ | 724 |  |  | $ | (7,161 | ) |  | $ | 292,147 |
Restricted cash | 11,001 |  |  | 1,461 |  |  | — |  |  | — |  |  | 12,462 |
Accounts receivable (net of allowance of $330) | — |  |  | 36,322 |  |  | 1 |  |  | — |  |  | 36,323 |
Income tax receivable | 88 |  |  | — |  |  | — |  |  | — |  |  | 88 |
Owned inventory | — |  |  | 1,542,807 |  |  | — |  |  | — |  |  | 1,542,807 |
Investments in unconsolidated entities | 773 |  |  | 3,221 |  |  | — |  |  | — |  |  | 3,994 |
Deferred tax assets, net | 307,896 |  |  | — |  |  | — |  |  | — |  |  | 307,896 |
Property and equipment, net | — |  |  | 17,566 |  |  | — |  |  | — |  |  | 17,566 |
Investments in subsidiaries | 808,067 |  |  | — |  |  | — |  |  | (808,067 | ) |  | — |
Intercompany | 606,168 |  |  | — |  |  | 2,337 |  |  | (608,505 | ) |  | — |
Other assets | 599 |  |  | 7,098 |  |  | 15 |  |  | — |  |  | 7,712 |
Total assets | $ | 2,017,783 |  |  | $ | 1,623,868 |  |  | $ | 3,077 |  |  | $ | (1,423,733 | ) |  | $ | 2,220,995 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | — |  |  | $ | 103,484 |  |  | $ | — |  |  | $ | — |  |  | $ | 103,484 |
Other liabilities | 11,229 |  |  | 96,189 |  |  | 241 |  |  | — |  |  | 107,659 |
Intercompany | 2,337 |  |  | 613,329 |  |  | — |  |  | (615,666 | ) |  | — |
Total debt (net of premium and debt issuance costs) | 1,321,777 |  |  | 5,635 |  |  | — |  |  | — |  |  | 1,327,412 |
Total liabilities | 1,335,343 |  |  | 818,637 |  |  | 241 |  |  | (615,666 | ) |  | 1,538,555 |
Stockholders’ equity | 682,440 |  |  | 805,231 |  |  | 2,836 |  |  | (808,067 | ) |  | 682,440 |
Total liabilities and stockholders’ equity | $ | 2,017,783 |  |  | $ | 1,623,868 |  |  | $ | 3,077 |  |  | $ | (1,423,733 | ) |  | $ | 2,220,995 |
Unaudited Condensed Consolidating Statements of Income (Loss) and Unaudited Comprehensive Income (Loss) | Beazer Homes USA, Inc. Consolidating Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited)
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 511,521 |  |  | $ | 23 |  |  | $ | (23 | ) |  | $ | 511,521 |
Home construction and land sales expenses | 22,441 |  |  | 405,691 |  |  | — |  |  | (23 | ) |  | 428,109 |
Gross (loss) profit | (22,441 | ) |  | 105,662 |  |  | 23 |  |  | — |  |  | 83,244 |
Commissions | — |  |  | 19,535 |  |  | — |  |  | — |  |  | 19,535 |
General and administrative expenses | — |  |  | 42,445 |  |  | 28 |  |  | — |  |  | 42,473 |
Depreciation and amortization | — |  |  | 3,656 |  |  | — |  |  | — |  |  | 3,656 |
Operating (loss) income | (22,441 | ) |  | 40,026 |  |  | (5 | ) |  | — |  |  | 17,580 |
Equity in income of unconsolidated entities | — |  |  | 147 |  |  | — |  |  | — |  |  | 147 |
Other (expense) income, net | (204 | ) |  | 187 |  |  | (13 | ) |  | — |  |  | (30 | )
(Loss) income before income taxes | (22,645 | ) |  | 40,360 |  |  | (18 | ) |  | — |  |  | 17,697 |
(Benefit) expense from income taxes | (6,069 | ) |  | 10,341 |  |  | (4 | ) |  | — |  |  | 4,268 |
Equity in income of subsidiaries | 30,005 |  |  | — |  |  | — |  |  | (30,005 | ) |  | — |
Income (loss) from continuing operations | 13,429 |  |  | 30,019 |  |  | (14 | ) |  | (30,005 | ) |  | 13,429 |
Loss from discontinued operations, net of tax |  |  |  | (11 | ) |  | (9 | ) |  |  |  |  | (20 | )
Equity in loss of subsidiaries from discontinued operations | (20 | ) |  |  |  |  |  |  |  | 20 |  |  |  |
Net income (loss) and comprehensive income (loss) | $ | 13,409 |  |  | $ | 30,008 |  |  | $ | (23 | ) |  | $ | (29,985 | ) |  | $ | 13,409 |
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 478,588 |  |  | $ | 24 |  |  | $ | (24 | ) |  | $ | 478,588 |
Home construction and land sales expenses | 21,895 |  |  | 377,804 |  |  | — |  |  | (24 | ) |  | 399,675 |
Inventory impairments and abandonments | — |  |  | 470 |  |  | — |  |  | — |  |  | 470 |
Gross (loss) profit | (21,895 | ) |  | 100,314 |  |  | 24 |  |  | — |  |  | 78,443 |
Commissions | — |  |  | 18,773 |  |  | — |  |  | — |  |  | 18,773 |
General and administrative expenses | — |  |  | 40,767 |  |  | 27 |  |  | — |  |  | 40,794 |
Depreciation and amortization | — |  |  | 3,307 |  |  | — |  |  | — |  |  | 3,307 |
Operating (loss) income | (21,895 | ) |  | 37,467 |  |  | (3 | ) |  | — |  |  | 15,569 |
Equity in income of unconsolidated entities | — |  |  | 158 |  |  | — |  |  | — |  |  | 158 |
Other (expense) income, net | (2,934 | ) |  | 71 |  |  | (8 | ) |  | — |  |  | (2,871 | )
(Loss) income before income taxes | (24,829 | ) |  | 37,696 |  |  | (11 | ) |  | — |  |  | 12,856 |
(Benefit) expense from income taxes | (9,100 | ) |  | 14,846 |  |  | (4 | ) |  | — |  |  | 5,742 |
Equity in income of subsidiaries | 22,843 |  |  | — |  |  | — |  |  | (22,843 | ) |  | — |
Income (loss) from continuing operations | 7,114 |  |  | 22,850 |  |  | (7 | ) |  | (22,843 | ) |  | 7,114 |
Income (loss) from discontinued operations, net of tax | — |  |  | 17 |  |  | (8 | ) |  | — |  |  | 9 |
Equity in income of subsidiaries from discontinued operations | 9 |  |  | — |  |  | — |  |  | (9 | ) |  | — |
Net income (loss) and comprehensive income (loss) | $ | 7,123 |  |  | $ | 22,867 |  |  | $ | (15 | ) |  | $ | (22,852 | ) |  | $ | 7,123 |
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 1,339,188 |  |  | $ | 60 |  |  | $ | (60 | ) |  | $ | 1,339,188 |
Home construction and land sales expenses | 58,564 |  |  | 1,061,366 |  |  | — |  |  | (60 | ) |  | 1,119,870 |
Gross (loss) profit | (58,564 | ) |  | 277,654 |  |  | 60 |  |  | — |  |  | 219,150 |
Commissions | — |  |  | 51,225 |  |  | — |  |  | — |  |  | 51,225 |
General and administrative expenses | — |  |  | 120,513 |  |  | 97 |  |  | — |  |  | 120,610 |
Depreciation and amortization | — |  |  | 9,229 |  |  | — |  |  | — |  |  | 9,229 |
Operating (loss) income | (58,564 | ) |  | 96,687 |  |  | (37 | ) |  | — |  |  | 38,086 |
Equity in income of unconsolidated entities | — |  |  | 302 |  |  | — |  |  | — |  |  | 302 |
Loss on extinguishment of debt | (25,904 | ) |  | — |  |  | — |  |  | — |  |  | (25,904 | )
Other (expense) income, net | (5,289 | ) |  | 687 |  |  | (26 | ) |  | — |  |  | (4,628 | )
(Loss) income before income taxes | (89,757 | ) |  | 97,676 |  |  | (63 | ) |  | — |  |  | 7,856 |
(Benefit) expense from income taxes | (23,966 | ) |  | 137,370 |  |  | (18 | ) |  | — |  |  | 113,386 |
Equity in loss of subsidiaries | (39,739 | ) |  | — |  |  | — |  |  | 39,739 |  |  | — |
Loss from continuing operations | (105,530 | ) |  | (39,694 | ) |  | (45 | ) |  | 39,739 |  |  | (105,530 | )
Loss from discontinued operations, net of tax | — |  |  | (432 | ) |  | (18 | ) |  | — |  |  | (450 | )
Equity in loss of subsidiaries from discontinued operations | (450 | ) |  | — |  |  | — |  |  | 450 |  |  | — |
Net loss and comprehensive loss | $ | (105,980 | ) |  | $ | (40,126 | ) |  | $ | (63 | ) |  | $ | 40,189 |  |  | $ | (105,980 | )
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
Total revenue | $ | — |  |  | $ | 1,243,297 |  |  | $ | 84 |  |  | $ | (84 | ) |  | $ | 1,243,297 |
Home construction and land sales expenses | 57,358 |  |  | 985,767 |  |  | — |  |  | (84 | ) |  | 1,043,041 |
Inventory impairments and abandonments | — |  |  | 752 |  |  | — |  |  | — |  |  | 752 |
Gross (loss) profit | (57,358 | ) |  | 256,778 |  |  | 84 |  |  | — |  |  | 199,504 |
Commissions | — |  |  | 48,728 |  |  | — |  |  | — |  |  | 48,728 |
General and administrative expenses | — |  |  | 117,204 |  |  | 78 |  |  | — |  |  | 117,282 |
Depreciation and amortization | — |  |  | 9,139 |  |  | — |  |  | — |  |  | 9,139 |
Operating (loss) income | (57,358 | ) |  | 81,707 |  |  | 6 |  |  | — |  |  | 24,355 |
Equity in income of unconsolidated entities | — |  |  | 213 |  |  | — |  |  | — |  |  | 213 |
Loss on extinguishment of debt | (15,563 | ) |  | — |  |  | — |  |  | — |  |  | (15,563 | )
Other (expense) income, net | (12,231 | ) |  | 241 |  |  | (17 | ) |  | — |  |  | (12,007 | )
(Loss) income before income taxes | (85,152 | ) |  | 82,161 |  |  | (11 | ) |  | — |  |  | (3,002 | )
(Benefit) expense from income taxes | (31,148 | ) |  | 29,890 |  |  | (4 | ) |  | — |  |  | (1,262 | )
Equity in income of subsidiaries | 52,264 |  |  | — |  |  | — |  |  | (52,264 | ) |  | — |
(Loss) income from continuing operations | (1,740 | ) |  | 52,271 |  |  | (7 | ) |  | (52,264 | ) |  | (1,740 | )
Loss from discontinued operations, net of tax | — |  |  | (84 | ) |  | (17 | ) |  | — |  |  | (101 | )
Equity in loss of subsidiaries and discontinued operations | (101 | ) |  | — |  |  | — |  |  | 101 |  |  | — |
Net (loss) income and comprehensive (loss) income | $ | (1,841 | ) |  | $ | 52,187 |  |  | $ | (24 | ) |  | $ | (52,163 | ) |  | $ | (1,841 | )
Unaudited Condensed Consolidating Statements of Cash Flow Information | Beazer Homes USA, Inc. Condensed Consolidating Statements of Cash Flow Information (Unaudited)
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 64,319 |  |  | $ | (197,707 | ) |  | $ | (88 | ) |  | $ | — |  |  | $ | (133,476 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (13,894 | ) |  | — |  |  | — |  |  | (13,894 | )
Proceeds from sale of fixed assets | — |  |  | 226 |  |  | — |  |  | — |  |  | 226 |
Investments in unconsolidated entities | — |  |  | (421 | ) |  | — |  |  | — |  |  | (421 | )
Return of capital from unconsolidated entities | — |  |  | 176 |  |  | — |  |  | — |  |  | 176 |
Advances to/from subsidiaries | (208,328 | ) |  | — |  |  | (6 | ) |  | 208,334 |  |  | — |
Net cash used in investing activities | (208,328 | ) |  | (13,913 | ) |  | (6 | ) |  | 208,334 |  |  | (13,913 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (401,509 | ) |  | — |  |  | — |  |  | — |  |  | (401,509 | )
Proceeds from issuance of new debt | 400,000 |  |  | — |  |  | — |  |  | — |  |  | 400,000 |
Repayment of borrowings from credit facility | (75,000 | ) |  | — |  |  | — |  |  | — |  |  | (75,000 | )
Borrowings from credit facility | 75,000 |  |  | — |  |  | — |  |  | — |  |  | 75,000 |
Debt issuance costs | (5,743 | ) |  | — |  |  | — |  |  | — |  |  | (5,743 | )
Advances to/from subsidiaries | — |  |  | 205,050 |  |  | — |  |  | (205,050 | ) |  | — |
Other financing activities | (1,503 | ) |  | — |  |  | — |  |  | — |  |  | (1,503 | )
Net cash (used in) provided by financing activities | (8,755 | ) |  | 205,050 |  |  | — |  |  | (205,050 | ) |  | (8,755 | )
Decrease in cash, cash equivalents, and restricted cash | (152,764 | ) |  | (6,570 | ) |  | (94 | ) |  | 3,284 |  |  | (156,144 | )
Cash, cash equivalents, and restricted cash at beginning of period | 294,192 |  |  | 16,854 |  |  | 724 |  |  | (7,161 | ) |  | 304,609 |
Cash, cash equivalents, and restricted cash at end of period | $ | 141,428 |  |  | $ | 10,284 |  |  | $ | 630 |  |  | $ | (3,877 | ) |  | $ | 148,465 |
in thousands | Beazer Homes USA, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (40,966 | ) |  | $ | 1,061 |  |  | $ | (3 | ) |  | $ | — |  |  | $ | (39,908 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (8,661 | ) |  | — |  |  | — |  |  | (8,661 | )
Proceeds from sale of fixed assets | — |  |  | 126 |  |  | — |  |  | — |  |  | 126 |
Investments in unconsolidated entities | — |  |  | (3,005 | ) |  | — |  |  | — |  |  | (3,005 | )
Return of capital from unconsolidated entities | — |  |  | 1,621 |  |  | — |  |  | — |  |  | 1,621 |
Advances to/from subsidiaries | 1,293 |  |  | — |  |  | 22 |  |  | (1,315 | ) |  | — |
Net cash provided by (used in) investing activities | 1,293 |  |  | (9,919 | ) |  | 22 |  |  | (1,315 | ) |  | (9,919 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayment of debt | (253,000 | ) |  | (4,173 | ) |  | — |  |  | — |  |  | (257,173 | )
Proceeds from issuance of new debt | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Repayment of borrowings from credit facility | (25,000 | ) |  | — |  |  | — |  |  | — |  |  | (25,000 | )
Borrowings from credit facility | 25,000 |  |  | — |  |  | — |  |  | — |  |  | 25,000 |
Debt issuance costs | (4,757 | ) |  | — |  |  | — |  |  | — |  |  | (4,757 | )
Advances to/from subsidiaries | — |  |  | 1,553 |  |  | — |  |  | (1,553 | ) |  | — |
Other financing activities | (403 | ) |  | — |  |  | — |  |  | — |  |  | (403 | )
Net cash used in financing activities | (8,160 | ) |  | (2,620 | ) |  | — |  |  | (1,553 | ) |  | (12,333 | )
(Decrease) increase in cash, cash equivalents, and restricted cash | (47,833 | ) |  | (11,478 | ) |  | 19 |  |  | (2,868 | ) |  | (62,160 | )
Cash, cash equivalents, and restricted cash at beginning of period | 228,513 |  |  | 18,404 |  |  | 859 |  |  | (4,500 | ) |  | 243,276 |
Cash, cash equivalents, and restricted cash at end of period | $ | 180,680 |  |  | $ | 6,926 |  |  | $ | 878 |  |  | $ | (7,368 | ) |  | $ | 181,116 |

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