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Supplemental Guarantor Information
 9 Months Ended
Jun. 30, 2012
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. We have revised the prior period presentation for intercompany amounts included in the financial statements below to be consistent with the current year presentation.
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
225,625

 
$
6,622

 
$
1,073

 
$
(1,704
)
 
$
231,616

Restricted cash
271,446

 
336

 
—

 
—

 
271,782

Accounts receivable (net of allowance of $2,194)
—

 
25,001

 
9

 
—

 
25,010

Income tax receivable
2,398

 
—

 
—

 
—

 
2,398

Owned inventory
—

 
1,186,817

 
—

 
—

 
1,186,817

Consolidated inventory not owned
—

 
14,078

 
—

 
—

 
14,078

Investments in unconsolidated entities
773

 
40,814

 
—

 
—

 
41,587

Deferred tax assets, net
6,245

 
—

 
—

 
—

 
6,245

Property, plant and equipment, net
—

 
20,849

 
—

 
—

 
20,849

Previously owned rental homes, net
—

 
—

 
—

 
—

 
—

Investments in subsidiaries
80,788

 
—

 
—

 
(80,788
)
 
—

Intercompany
1,048,607

 
—

 
3,005

 
(1,051,612
)
 
—

Other assets
15,466

 
9,050

 
1,850

 
—

 
26,366

Total assets
$
1,651,348

 
$
1,303,567

 
$
5,937

 
$
(1,134,104
)
 
$
1,826,748

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
73,473

 
$
—

 
$
—

 
$
73,473

Other liabilities
37,937

 
85,580

 
2,247

 
—

 
125,764

Intercompany
1,102

 
1,052,214

 
—

 
$
(1,053,316
)
 
—

Obligations related to land not owned under option agreements
—

 
6,029

 
—

 
—

 
6,029

Total debt (net of discounts of $20,348)
1,433,234

 
9,173

 
—

 
—

 
1,442,407

Total liabilities
1,472,273

 
1,226,469

 
2,247

 
$
(1,053,316
)
 
1,647,673

Stockholders’ equity
179,075

 
77,098

 
3,690

 
(80,788
)
 
179,075

Total liabilities and stockholders’ equity
$
1,651,348

 
$
1,303,567

 
$
5,937

 
$
(1,134,104
)
 
$
1,826,748

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
360,723

 
$
10,488

 
$
418

 
$
(1,226
)
 
$
370,403

Restricted cash
276,678

 
380

 
—

 
—

 
277,058

Accounts receivable (net of allowance of $3,872)
—

 
28,292

 
11

 
—

 
28,303

Income tax receivable
4,823

 
—

 
—

 
—

 
4,823

Owned inventory
—

 
1,192,380

 
—

 
—

 
1,192,380

Consolidated inventory not owned
—

 
11,753

 
—

 
—

 
11,753

Investments in unconsolidated entities
773

 
8,694

 
—

 
—

 
9,467

Deferred tax assets
2,760

 
—

 
—

 
—

 
2,760

Property, plant and equipment, net
—

 
22,613

 
—

 
—

 
22,613

Previously owned rental homes, net
—

 
11,347

 
—

 
—

 
11,347

Investments in subsidiaries
100,996

 
—

 
—

 
(100,996
)
 
—

Intercompany
1,013,753

 
—

 
4,773

 
(1,018,526
)
 
—

Other assets
18,550

 
25,190

 
2,830

 
—

 
46,570

Total assets
$
1,779,056

 
$
1,311,137

 
$
8,032

 
$
(1,120,748
)
 
$
1,977,477

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
72,695

 
$
—

 
$
—

 
$
72,695

Other liabilities
93,047

 
116,210

 
2,930

 
—

 
212,187

Intercompany
1,072

 
1,018,680

 
—

 
(1,019,752
)
 
—

Obligations related to consolidated inventory not owned
—

 
5,389

 
—

 
—

 
5,389

Total debt (net of discounts of $23,243)
1,486,557

 
2,269

 
—

 
—

 
1,488,826

Total liabilities
1,580,676

 
1,215,243

 
2,930

 
(1,019,752
)
 
1,779,097

Stockholders’ equity
198,380

 
95,894

 
5,102

 
(100,996
)
 
198,380

Total liabilities and stockholders’ equity
$
1,779,056

 
$
1,311,137

 
$
8,032

 
$
(1,120,748
)
 
$
1,977,477

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Three Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
254,555

 
$
240

 
$
(240
)
 
$
254,555

Home construction and land sales expenses
15,649

 
212,096

 
—

 
(240
)
 
227,505

Inventory impairments and option contract abandonments
222

 
5,597

 
—

 
—

 
5,819

Gross (loss) profit
(15,871
)
 
36,862

 
240

 
—

 
21,231

Commissions
—

 
10,776

 
—

 
—

 
10,776

General and administrative expenses
—

 
27,840

 
27

 
—

 
27,867

Depreciation and amortization
—

 
3,743

 
—

 
—

 
3,743

Operating (loss) income
(15,871
)
 
(5,497
)
 
213

 
—

 
(21,155
)
Equity in income of unconsolidated entities
—

 
48

 
—

 
—

 
48

Loss on extinguishment of debt
—

 
—

 
—

 
—

 
—

Other (expense) income, net
(17,233
)
 
414

 
15

 
—

 
(16,804
)
(Loss) income before income taxes
(33,104
)
 
(5,035
)
 
228

 
—

 
(37,911
)
(Benefit from) provision for income taxes
(12,868
)
 
12,936

 
77

 
—

 
145

Equity in loss of subsidiaries
(17,820
)
 
—

 
—

 
17,820

 
—

(Loss) income from continuing operations
(38,056
)
 
(17,971
)
 
151

 
17,820

 
(38,056
)
Loss from discontinued operations


 
(1,820
)
 
(8
)
 


 
(1,828
)
Equity in loss of subsidiaries
(1,828
)
 


 


 
1,828

 
—

Net (loss) income
$
(39,884
)
 
$
(19,791
)
 
$
143

 
$
19,648

 
$
(39,884
)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Three Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
172,829

 
$
286

 
$
(286
)
 
$
172,829

Home construction and land sales expenses
11,179

 
141,231

 
—

 
(286
)
 
152,124

Inventory impairments and option contract abandonments
380

 
6,490

 
—

 
—

 
6,870

Gross (loss) profit
(11,559
)
 
25,108

 
286

 
—

 
13,835

Commissions
—

 
7,843

 
—

 
—

 
7,843

General and administrative expenses
—

 
38,545

 
26

 
—

 
38,571

Depreciation and amortization
—

 
2,660

 
—

 
—

 
2,660

Operating (loss) income
(11,559
)
 
(23,940
)
 
260

 
—

 
(35,239
)
Equity in income of unconsolidated entities
—

 
63

 
—

 
—

 
63

Gain on extinguishment of debt
95

 
—

 
—

 
—

 
95

Other (expense) income, net
(17,707
)
 
609

 
13

 
—

 
(17,085
)
(Loss) income before income taxes
(29,171
)
 
(23,268
)
 
273

 
—

 
(52,166
)
(Benefit from) provision for income taxes
(11,339
)
 
14,832

 
96

 
—

 
3,589

Equity in loss of subsidiaries
(37,923
)
 
—

 
—

 
37,923

 
—

(Loss) income from continuing operations
(55,755
)
 
(38,100
)
 
177

 
37,923

 
(55,755
)
Loss from discontinued operations
—

 
(3,362
)
 
(3
)
 
—

 
(3,365
)
Equity in loss of subsidiaries
(3,365
)
 
—

 
—

 
3,365

 
—

Net (loss) income
$
(59,120
)
 
$
(41,462
)
 
$
174

 
$
41,288

 
$
(59,120
)




Beazer Homes USA, Inc.
 
Unaudited Consolidating Statement of Operations Information
(in thousands)

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Nine Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
634,746

 
$
701

 
$
(701
)
 
$
634,746

Home construction and land sales expenses
41,128

 
520,137

 
—

 
(701
)
 
560,564

Inventory impairments and option contract abandonments
275

 
10,217

 
—

 
—

 
10,492

Gross (loss) profit
(41,403
)
 
104,392

 
701

 
—

 
63,690

Commissions
—

 
27,522

 
—

 
—

 
27,522

General and administrative expenses
—

 
82,291

 
89

 
—

 
82,380

Depreciation and amortization
—

 
9,336

 
—

 
—

 
9,336

Operating (loss) income
(41,403
)
 
(14,757
)
 
612

 
—

 
(55,548
)
Equity in loss of unconsolidated entities
—

 
(25
)
 
—

 
—

 
(25
)
Loss on extinguishment of debt
(2,747
)
 
—

 
—

 
—

 
(2,747
)
Other (expense) income, net
(55,147
)
 
1,780

 
25

 
—

 
(53,342
)
(Loss) income before income taxes
(99,297
)
 
(13,002
)
 
637

 
—

 
(111,662
)
(Benefit from) provision for income taxes
(38,597
)
 
1,936

 
223

 
—

 
(36,438
)
Equity in loss of subsidiaries
(14,524
)
 
—

 
—

 
14,524

 
—

(Loss) income from continuing operations
(75,224
)
 
(14,938
)
 
414

 
14,524

 
(75,224
)
Loss from discontinued operations

 
(3,858
)
 
(11
)
 


 
(3,869
)
Equity in loss of subsidiaries
(3,869
)
 

 


 
3,869

 
—

Net (loss) income
$
(79,093
)
 
$
(18,796
)
 
$
403

 
$
18,393

 
$
(79,093
)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Nine Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
407,497

 
$
819

 
$
(819
)
 
$
407,497

Home construction and land sales expenses
26,352

 
332,880

 
—

 
(819
)
 
358,413

Inventory impairments and option contract abandonments
1,789

 
23,542

 
—

 
—

 
25,331

Gross (loss) profit
(28,141
)
 
51,075

 
819

 
—

 
23,753

Commissions
—

 
18,066

 
—

 
—

 
18,066

General and administrative expenses
—

 
107,052

 
90

 
—

 
107,142

Depreciation and amortization
—

 
6,627

 
—

 
—

 
6,627

Operating (loss) income
(28,141
)
 
(80,670
)
 
729

 
—

 
(108,082
)
Equity in income of unconsolidated entities
—

 
372

 
—

 
—

 
372

Loss on extinguishment of debt
(2,909
)
 
—

 
—

 
—

 
(2,909
)
Other (expense) income, net
(55,688
)
 
9,015

 
57

 
—

 
(46,616
)
(Loss) income before income taxes
(86,738
)
 
(71,283
)
 
786

 
—

 
(157,235
)
(Benefit from) provision for income taxes
(33,715
)
 
34,010

 
275

 
—

 
570

Equity in loss of subsidiaries
(104,782
)
 
—

 
—

 
104,782

 
—

(Loss) income from continuing operations
(157,805
)
 
(105,293
)
 
511

 
104,782

 
(157,805
)
Loss from discontinued operations
—

 
(3,870
)
 
(8
)
 
—

 
(3,878
)
Equity in loss of subsidiaries
(3,878
)
 
—

 
—

 
3,878

 
—

Net (loss) income
$
(161,683
)
 
$
(109,163
)
 
$
503

 
$
108,660

 
$
(161,683
)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Nine Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(109,339
)
 
$
2,225

 
$
702

 
$
—

 
$
(106,412
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(15,117
)
 
—

 
—

 
(15,117
)
Investments in unconsolidated entities
—

 
(2,075
)
 
—

 
—

 
(2,075
)
Return of capital from unconsolidated entities
—

 
440

 
—

 
—

 
440

Increases in restricted cash
(645
)
 
(1,034
)
 
—

 
—

 
(1,679
)
Decreases in restricted cash
5,878

 
1,077

 
—

 
—

 
6,955

Net cash provided by (used in) investing activities
5,233

 
(16,709
)
 
—

 
—

 
(11,476
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(2,460
)
 
(909
)
 
—

 
—

 
(3,369
)
Settlement of unconsolidated entity debt obligations
(15,862
)
 
—

 
—

 
—

 
(15,862
)
Debt issuance costs
(274
)
 
—

 
—

 
—

 
(274
)
Equity issuance costs
(1,296
)
 
—

 
—

 
—

 
(1,296
)
Common stock redeemed
(34
)
 
—

 
—

 
—

 
(34
)
Excess tax benefit from equity-based compensation
(64
)
 
—

 
—

 
—

 
(64
)
Dividends paid
(1,800
)
 
—

 
1,800

 
—

 
—

Advances to/from subsidiaries
(9,202
)
 
11,527

 
(1,847
)
 
(478
)
 
—

Net cash provided by (used in) financing activities
(30,992
)
 
10,618

 
(47
)
 
(478
)
 
(20,899
)
(Decrease) increase in cash and cash equivalents
(135,098
)
 
(3,866
)
 
655

 
(478
)
 
(138,787
)
Cash and cash equivalents at beginning of period
360,723

 
10,488

 
418

 
(1,226
)
 
370,403

Cash and cash equivalents at end of period
$
225,625

 
$
6,622

 
$
1,073

 
$
(1,704
)
 
$
231,616

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Nine Months Ended June 30, 2011
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(33,549
)
 
$
(245,010
)
 
$
941

 
$
—

 
$
(277,618
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(12,134
)
 
—

 
—

 
(12,134
)
Investments in unconsolidated entities
—

 
(1,763
)
 
—

 
—

 
(1,763
)
Increases in restricted cash
(250,526
)
 
452

 
—

 
—

 
(250,074
)
Decreases in restricted cash
5,539

 
(589
)
 
—

 
—

 
4,950

Net cash used in investing activities
(244,987
)
 
(14,034
)
 
—

 
—

 
(259,021
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(212,841
)
 
(914
)
 
—

 
—

 
(213,755
)
Proceeds from issuance of new debt
246,387

 
—

 
—

 
—

 
246,387

Proceeds from issuance of cash secured loan
247,368

 
—

 
—

 
—

 
247,368

Debt issuance costs
(5,130
)
 
—

 
—

 
—

 
(5,130
)
Common stock redeemed
(163
)
 
—

 
—

 
—

 
(163
)
Excess tax benefit from equity-based compensation
(544
)
 
—

 
—

 
—

 
(544
)
Advances to/from subsidiaries
(249,403
)
 
251,939

 
18

 
(2,554
)
 
—

Net cash provided by (used in) financing activities
25,674

 
251,025

 
18

 
(2,554
)
 
274,163

(Decrease) increase in cash and cash equivalents
(252,862
)
 
(8,019
)
 
959

 
(2,554
)
 
(262,476
)
Cash and cash equivalents at beginning of period
530,847

 
8,343

 
200

 
(2,269
)
 
537,121

Cash and cash equivalents at end of period
$
277,985

 
$
324

 
$
1,159

 
$
(4,823
)
 
$
274,645