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Supplemental Guarantor Information
 12 Months Ended
Sep. 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
$
481,394

 
$
8,215

 
$
646

 
$
(2,460
)
 
$
487,795

Restricted cash
252,900

 
360

 
—

 
—

 
253,260

Accounts receivable (net of allowance of $2,235)
—

 
24,594

 
5

 
—

 
24,599

Income tax receivable
6,372

 
—

 
—

 
—

 
6,372

Owned inventory
—

 
1,099,132

 
—

 
—

 
1,099,132

Consolidated inventory not owned
—

 
12,420

 
—

 
—

 
12,420

Investments in unconsolidated entities
773

 
41,305

 
—

 
—

 
42,078

Deferred tax assets, net
6,848

 
—

 
—

 
—

 
6,848

Property, plant and equipment, net
—

 
18,974

 
—

 
—

 
18,974

Previously owned rental homes, net
—

 
—

 
—

 
—

 
—

Investments in subsidiaries
63,120

 
—

 
—

 
(63,120
)
 
—

Intercompany
969,425

 
—

 
3,001

 
(972,426
)
 
—

Other assets
21,307

 
7,783

 
1,650

 
—

 
30,740

Total assets
$
1,802,139

 
$
1,212,783

 
$
5,302

 
$
(1,038,006
)
 
$
1,982,218

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
69,268

 
$
—

 
$
—

 
$
69,268

Other liabilities
49,354

 
96,389

 
1,975

 
—

 
147,718

Intercompany
1,098

 
973,788

 
—

 
$
(974,886
)
 
—

Obligations related to land not owned under option agreements
—

 
4,787

 
—

 
—

 
4,787

Total debt (net of discounts of $3,082)
1,489,440

 
8,758

 
—

 
—

 
1,498,198

Total liabilities
1,539,892

 
1,152,990

 
1,975

 
$
(974,886
)
 
1,719,971

Stockholders’ equity
262,247

 
59,793

 
3,327

 
(63,120
)
 
262,247

Total liabilities and stockholders’ equity
$
1,802,139

 
$
1,212,783

 
$
5,302

 
$
(1,038,006
)
 
$
1,982,218

 
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.
Fiscal Year Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
1,005,677

 
$
941

 
$
(941
)
 
$
1,005,677

Home construction and land sales expenses
60,952

 
828,368

 
—

 
(941
)
 
888,379

Inventory impairments and option contract abandonments
275

 
11,935

 
—

 
—

 
12,210

Gross (loss) profit
(61,227
)
 
165,374

 
941

 
—

 
105,088

Commissions
—

 
43,585

 
—

 
—

 
43,585

General and administrative expenses
—

 
109,937

 
114

 
—

 
110,051

Depreciation and amortization
—

 
13,510

 
—

 
—

 
13,510

Operating (loss) income
(61,227
)
 
(1,658
)
 
827

 
—

 
(62,058
)
Equity in loss of unconsolidated entities
—

 
304

 
—

 
—

 
304

Loss on extinguishment of debt
(45,097
)
 
—

 
—

 
—

 
(45,097
)
Other (expense) income, net
(71,474
)
 
2,328

 
27

 
—

 
(69,119
)
(Loss) income before income taxes
(177,798
)
 
974

 
854

 
—

 
(175,970
)
(Benefit from) provision for income taxes
(68,026
)
 
27,380

 
299

 
—

 
(40,347
)
Equity in loss of subsidiaries
(25,851
)
 
—

 
—

 
25,851

 
—

(Loss) income from continuing operations
(135,623
)
 
(26,406
)
 
555

 
25,851

 
(135,623
)
Loss from discontinued operations
—

 
(9,695
)
 
(8
)
 


 
(9,703
)
Equity in loss of subsidiaries
(9,703
)
 
—

 
—

 
9,703

 
—

Net (loss) income
$
(145,326
)
 
$
(36,101
)
 
$
547

 
$
35,554

 
$
(145,326
)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2011
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
742,405

 
$
1,102

 
$
(1,102
)
 
$
742,405

Home construction and land sales expenses
46,382

 
616,571

 
—

 
(1,102
)
 
661,851

Inventory impairments and option contract abandonments
1,907

 
30,552

 
—

 
—

 
32,459

Gross (loss) profit
(48,289
)
 
95,282

 
1,102

 
—

 
48,095

Commissions
—

 
32,711

 
—

 
—

 
32,711

General and administrative expenses
—

 
137,261

 
115

 
—

 
137,376

Depreciation and amortization
—

 
10,253

 
—

 
—

 
10,253

Operating (loss) income
(48,289
)
 
(84,943
)
 
987

 
—

 
(132,245
)
Equity in income of unconsolidated entities
—

 
560

 
—

 
—

 
560

Loss on extinguishment of debt
(2,909
)
 
—

 
—

 
—

 
(2,909
)
Other (expense) income, net
(73,440
)
 
11,145

 
71

 
—

 
(62,224
)
(Loss) income before income taxes
(124,638
)
 
(73,238
)
 
1,058

 
—

 
(196,818
)
(Benefit from) provision for income taxes
(46,540
)
 
49,536

 
370

 
—

 
3,366

Equity in loss of subsidiaries
(122,086
)
 
—

 
—

 
122,086

 
—

(Loss) income from continuing operations
(200,184
)
 
(122,774
)
 
688

 
122,086

 
(200,184
)
Loss from discontinued operations
—

 
(4,672
)
 
(3
)
 
—

 
(4,675
)
Equity in loss of subsidiaries
(4,675
)
 
—

 
—

 
4,675

 
—

Net (loss) income
$
(204,859
)
 
$
(127,446
)
 
$
685

 
$
126,761

 
$
(204,859
)



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

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2010
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
989,350

 
$
1,802

 
$
—

 
$
991,152

Home construction and land sales expenses
52,243

 
805,714

 
—

 
—

 
857,957

Inventory impairments and option contract abandonments
2,313

 
47,253

 
—

 
—

 
49,566

Gross (loss) profit
(54,556
)
 
136,383

 
1,802

 
—

 
83,629

Commissions
—

 
43,279

 
—

 
—

 
43,279

General and administrative expenses
—

 
141,005

 
110

 
—

 
141,115

Depreciation and amortization
—

 
12,669

 
—

 
—

 
12,669

Operating (loss) income
(54,556
)
 
(60,570
)
 
1,692

 
—

 
(113,434
)
Equity in loss of unconsolidated entities
—

 
(8,807
)
 
—

 
—

 
(8,807
)
Gain on extinguishment of debt
43,625

 
276

 
—

 
—

 
43,901

Other (expense) income, net
(74,215
)
 
4,551

 
79

 
—

 
(69,585
)
(Loss) income before income taxes
(85,146
)
 
(64,550
)
 
1,771

 
—

 
(147,925
)
(Benefit from) provision for income taxes
(32,143
)
 
(86,832
)
 
620

 
—

 
(118,355
)
Equity in income of subsidiaries
23,433

 
—

 
—

 
(23,433
)
 
—

(Loss) income from continuing operations
(29,570
)
 
22,282

 
1,151

 
(23,433
)
 
(29,570
)
Loss from discontinued operations
—

 
(4,474
)
 
(5
)
 
—

 
(4,479
)
Equity in loss of subsidiaries
(4,479
)
 
—

 
—

 
4,479

 
—

Net (loss) income
$
(34,049
)
 
$
17,808

 
$
1,146

 
$
(18,954
)
 
$
(34,049
)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2012
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(110,429
)
 
$
88,806

 
$
778

 
$
—

 
$
(20,845
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(17,363
)
 
—

 
—

 
(17,363
)
Investments in unconsolidated entities
—

 
(2,407
)
 
—

 
—

 
(2,407
)
Return of capital from unconsolidated entities
—

 
610

 
—

 
—

 
610

Increases in restricted cash
(2,100
)
 
(1,160
)
 
—

 
—

 
(3,260
)
Decreases in restricted cash
25,919

 
1,139

 
—

 
—

 
27,058

Net cash provided by (used in) investing activities
23,819

 
(19,181
)
 
—

 
—

 
4,638

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(309,063
)
 
(1,324
)
 
—

 
—

 
(310,387
)
Proceeds from issuance of new debt
300,000

 
—

 
—

 
—

 
300,000

Debt issuance costs
(10,845
)
 
—

 
—

 
—

 
(10,845
)
Proceeds from issuance of common stock
60,340

 
—

 
—

 
—

 
60,340

Proceeds from issuance of TEU prepaid stock purchase contracts, net
88,361

 
—

 
—

 
—

 
88,361

Proceeds from issuance of TEU amortizing notes
23,500

 
—

 
—

 
—

 
23,500

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

 
—

 
—

 
(15,862
)
Payments for other financing activities
(1,508
)
 
—

 
—

 
—

 
(1,508
)
Dividends paid
2,300

 
—

 
(2,300
)
 
—

 
—

Advances to/from subsidiaries
70,058

 
(70,574
)
 
1,750

 
(1,234
)
 
—

Net cash provided by (used in) financing activities
207,281

 
(71,898
)
 
(550
)
 
(1,234
)
 
133,599

(Decrease) increase in cash and cash equivalents
120,671

 
(2,273
)
 
228

 
(1,234
)
 
117,392

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
$
481,394

 
$
8,215

 
$
646

 
$
(2,460
)
 
$
487,795

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2011
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(53,850
)
 
$
(126,090
)
 
$
1,004

 
$
—

 
$
(178,936
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(20,514
)
 
—

 
—

 
(20,514
)
Investments in unconsolidated entities
—

 
(1,924
)
 
—

 
—

 
(1,924
)
Increases in restricted cash
(249,728
)
 
(1,111
)
 
—

 
—

 
(250,839
)
Decreases in restricted cash
11,832

 
1,149

 
—

 
—

 
12,981

Net cash used in investing activities
(237,896
)
 
(22,400
)
 
—

 
—

 
(260,296
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(214,005
)
 
(1,371
)
 
—

 
—

 
(215,376
)
Proceeds from issuance of new debt
246,387

 
—

 
—

 
—

 
246,387

Proceeds from issuance of cash secured loan
247,368

 
—

 
—

 
—

 
247,368

Debt issuance costs
(5,172
)
 
—

 
—

 
—

 
(5,172
)
Payments for other financing activities
(693
)
 
—

 
—

 
—

 
(693
)
Dividends paid
850

 
—

 
(850
)
 
—

 
—

Advances to/from subsidiaries
(153,113
)
 
152,006

 
64

 
1,043

 
—

Net cash provided by (used in) financing activities
121,622

 
150,635

 
(786
)
 
1,043

 
272,514

(Decrease) increase in cash and cash equivalents
(170,124
)
 
2,145

 
218

 
1,043

 
(166,718
)
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
$
360,723

 
$
10,488

 
$
418

 
$
(1,226
)
 
$
370,403



Beazer Homes USA, Inc.
Consolidating Statements of Cash Flow Information
(in thousands)

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2010
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(88,344
)
 
$
159,953

 
$
(1,924
)
 
$
—

 
$
69,685

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(10,849
)
 
—

 
—

 
(10,849
)
Investments in unconsolidated entities
—

 
(5,602
)
 
—

 
—

 
(5,602
)
Increases in restricted cash
(36,345
)
 
(1,094
)
 
—

 
—

 
(37,439
)
Decreases in restricted cash
46,477

 
1,223

 
—

 
—

 
47,700

Net cash used in investing activities
10,132

 
(16,322
)
 
—

 
—

 
(6,190
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(616,858
)
 
(2,948
)
 
—

 
—

 
(619,806
)
Proceeds from issuance of new debt
357,500

 
1,200

 
—

 
—

 
358,700

Debt issuance costs
(9,234
)
 
—

 
—

 
—

 
(9,234
)
Proceeds from issuance of common stock, net
166,718

 
—

 
—

 
—

 
166,718

Proceeds from issuance of TEU prepaid stock purchase contracts, net
57,429

 
—

 
—

 
—

 
57,429

Proceeds from issuance of TEU amortizing notes
15,738

 
—

 
—

 
—

 
15,738

Payments for other financing activities
(3,258
)
 
—

 
—

 
—

 
(3,258
)
Advances to/from subsidiaries
145,332

 
(145,022
)
 
(791
)
 
481

 
—

Net cash provided by (used in) financing activities
113,367

 
(146,770
)
 
(791
)
 
481

 
(33,713
)
(Decrease) increase in cash and cash equivalents
35,155

 
(3,139
)
 
(2,715
)
 
481

 
29,782

Cash and cash equivalents at beginning of period
495,692

 
11,482

 
2,915

 
(2,750
)
 
507,339

Cash and cash equivalents at end of period
$
530,847

 
$
8,343

 
$
200

 
$
(2,269
)
 
$
537,121