Supplemental Guarantor Information (Tables)

9 Months Ended

Jun. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

	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

Schedule of Condensed Income Statement [Table Text Block]

	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	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

	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