Supplemental Guarantor Information (Tables)

3 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Unaudited Consolidating Balance Sheet Information

	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	398,678	$	931	$	599	$	(3,512	)	$	396,696
Restricted cash	251,074		381		—		—			251,455
Accounts receivable (net of allowance of $2,184)	—		23,480		4		—			23,484
Income tax receivable	2,513		—		—		—			2,513
Owned inventory	—		1,141,691		—		—			1,141,691
Consolidated inventory not owned	—		9,205		—		—			9,205
Investments in unconsolidated entities	773		41,256		—		—			42,029
Deferred tax assets, net	6,924		—		—		—			6,924
Property, plant and equipment, net	—		18,054		—		—			18,054
Investments in subsidiaries	66,746		—		—		(66,746		)	—
Intercompany	1,020,717		—		2,862		(1,023,579		)	—
Other assets	21,132		6,781		1,560		—			29,473
Total assets	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	56,062	$	—	$	—		$	56,062
Other liabilities	36,613		83,869		1,787		—			122,269
Intercompany	1,093		1,025,998		—		(1,027,091		)	—
Obligations related to land not owned under option agreements	—		3,625		—		—			3,625
Total debt (net of discounts of $2,944)	1,488,234		8,717		—		—			1,496,951
Total liabilities	1,525,940		1,178,271		1,787		$	(1,027,091	)	1,678,907
Stockholders’ equity	242,617		63,508		3,238		(66,746		)	242,617
Total liabilities and stockholders’ equity	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524

	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
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

Unaudited Consolidating Statements of Operations

	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2012
Total revenue	$	—		$	246,902		$	217		$	(217	)	$	246,902
Home construction and land sales expenses	8,475			202,356			—			(217		)	210,614
Inventory impairments and option contract abandonments	—			204			—			—			204
Gross (loss) profit	(8,475		)	44,342			217			—			36,084
Commissions	—			10,642			—			—			10,642
General and administrative expenses	—			26,301			27			—			26,328
Depreciation and amortization	—			2,715			—			—			2,715
Operating (loss) income	(8,475		)	4,684			190			—			(3,601		)
Equity in income of unconsolidated entities	—			36			—			—			36
Other (expense) income, net	(16,211		)	580			4			—			(15,627		)
(Loss) income before income taxes	(24,686		)	5,300			194			—			(19,192		)
(Benefit from) provision for income taxes	(437		)	94			90			—			(253		)
Equity in loss of subsidiaries	5,310			—			—			(5,310		)	—
(Loss) income from continuing operations	(18,939		)	5,206			104			(5,310		)	(18,939		)
(Loss) income from discontinued operations	—			(1,491		)	42			—			(1,449		)
Equity in (loss) income of subsidiaries	(1,449		)	—			—			1,449			—
Net (loss) income	$	(20,388	)	$	3,715		$	146		$	(3,861	)	$	(20,388	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2011
Total revenue	$	—		$	188,548		$	220		$	(220	)	$	188,548
Home construction and land sales expenses	12,843			150,153			—			(220		)	162,776
Inventory impairments and option contract abandonments	28			3,475			—			—			3,503
Gross (loss) profit	(12,871		)	34,920			220			—			22,269
Commissions	—			8,371			—			—			8,371
General and administrative expenses	—			28,166			28			—			28,194
Depreciation and amortization	—			2,403			—			—			2,403
Operating (loss) income	(12,871		)	(4,020		)	192			—			(16,699		)
Equity in loss of unconsolidated entities	—			(77		)	—			—			(77		)
Other (expense) income, net	(19,117		)	834			10			—			(18,273		)
(Loss) income before income taxes	(31,988		)	(3,263		)	202			—			(35,049		)
(Benefit from) provision for income taxes	(12,434		)	(23,383		)	70			—			(35,747		)
Equity in income of subsidiaries	20,252			—			—			(20,252		)	—
Income from continuing operations	698			20,120			132			(20,252		)	698
Income (loss) from discontinued operations	—			44			(3		)	—			41
Equity in income of subsidiaries	41			—			—			(41		)	—
Net income	$	739		$	20,164		$	129		$	(20,293	)	$	739

Unaudited Consolidating Statements of Cash Flow

	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2012
Net cash provided by (used in) operating activities	$	315		$	(87,817	)	$	49		$	—		$	(87,453	)
Cash flows from investing activities:
Capital expenditures	—			(1,772		)	—			—			(1,772		)
Investments in unconsolidated entities	—			(115		)	—			—			(115		)
Increases in restricted cash	(132		)	(146		)	—			—			(278		)
Decreases in restricted cash	1,958			125			—			—			2,083
Net cash provided by (used in) investing activities	1,826			(1,908		)	—			—			(82		)
Cash flows from financing activities:
Repayment of debt	(1,861		)	(41		)	—			—			(1,902		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Debt issuance costs	(1,136		)	—			—			—			(1,136		)
Dividends paid	—			—			—			—			—
Advances to/from subsidiaries	(81,834		)	82,982			(96		)	(1,052		)	—
Payments for other financing activities	(26		)	—			—			—			(26		)
Net cash (used in) provided by financing activities	(84,857		)	82,441			(96		)	(1,052		)	(3,564		)
(Decrease) increase in cash and cash equivalents	(82,716		)	(7,284		)	(47		)	(1,052		)	(91,099		)
Cash and cash equivalents at beginning of period	481,394			8,215			646			(2,460		)	487,795
Cash and cash equivalents at end of period	$	398,678		$	931		$	599		$	(3,512	)	$	396,696
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2011
Net cash (used in) provided by operating activities	$	(105,844	)	$	33,963		$	794		$	—		$	(71,087	)
Cash flows from investing activities:
Capital expenditures	—			(8,636		)	—			—			(8,636		)
Investments in unconsolidated entities	—			(477		)	—			—			(477		)
Increases in restricted cash	(255		)	(417		)	—			—			(672		)
Decreases in restricted cash	—			489			—			—			489
Net cash used in investing activities	(255		)	(9,041		)	—			—			(9,296		)
Cash flows from financing activities:
Repayment of debt	(1,181		)	(341		)	—			—			(1,522		)
Settlement of unconsolidated entity obligations	—			(15,862		)	—			—			(15,862		)
Debt issuance costs	(97		)	—			—			—			(97		)
Dividends paid	(1,800		)	—			1,800			—			—
Advances to/from subsidiaries	21,338			(17,325		)	(1,837		)	(2,176		)	—
Payments for other financing activities	(15		)	—			—			—			(15		)
Net cash provided by (used in) financing activities	18,245			(33,528		)	(37		)	(2,176		)	(17,496		)
(Decrease) increase in cash and cash equivalents	(87,854		)	(8,606		)	757			(2,176		)	(97,879		)
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	$	272,869		$	1,882		$	1,175		$	(3,402	)	$	272,524