Supplemental Guarantor Information (Tables)

3 Months Ended

Dec. 31, 2013

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	$	388,595	$	69	$	1,534	$	(7,638	)	$	382,560
Restricted cash	48,268		887		—		—			49,155
Accounts receivable (net of allowance of $1,495)	—		21,072		2		—			21,074
Income tax receivable	2,813		—		—		—			2,813
Owned inventory	—		1,374,987		—		—			1,374,987
Consolidated inventory not owned	—		7,751		—		—			7,751
Investments in unconsolidated entities	773		46,651		—		—			47,424
Deferred tax assets, net	5,333		—		—		—			5,333
Property, plant and equipment, net	—		17,437		—		—			17,437
Investments in subsidiaries	141,371		—		—		(141,371		)	—
Intercompany	1,163,078		—		2,417		(1,165,495		)	—
Other assets	18,367		5,642		290		—			24,299
Total assets	$	1,768,598	$	1,474,496	$	4,243	$	(1,314,504	)	$	1,932,833
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	60,505	$	—	$	—		$	60,505
Other liabilities	38,882		77,360		1,076		—			117,318
Intercompany	2,417		1,170,716		—		(1,173,133		)	—
Obligations related to land not owned under option agreements	—		3,147		—		—			3,147
Total debt (net of discounts of $4,970)	1,491,691		24,564		—		—			1,516,255
Total liabilities	1,532,990		1,336,292		1,076		$	(1,173,133	)	1,697,225
Stockholders’ equity	235,608		138,204		3,167		(141,371		)	235,608
Total liabilities and stockholders’ equity	$	1,768,598	$	1,474,496	$	4,243	$	(1,314,504	)	$	1,932,833

	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	499,341	$	6,324	$	1,637	$	(2,843	)	$	504,459
Restricted cash	47,873		1,105		—		—			48,978
Accounts receivable (net of allowance of $1,651)	—		22,339		3		—			22,342
Income tax receivable	2,813		—		—		—			2,813
Owned inventory	—		1,304,694		—		—			1,304,694
Consolidated inventory not owned	—		9,124		—		—			9,124
Investments in unconsolidated entities	773		44,224		—		—			44,997
Deferred tax assets, net	5,253		—		—		—			5,253
Property, plant and equipment, net	—		17,000		—		—			17,000
Investments in subsidiaries	123,600		—		—		(123,600		)	—
Intercompany	1,088,949		—		2,747		(1,091,696		)	—
Other assets	19,602		7,147		380		—			27,129
Total assets	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	83,800	$	—	$	—		$	83,800
Other liabilities	52,009		92,384		1,230		—			145,623
Intercompany	2,747		1,091,792		—		(1,094,539		)	—
Obligations related to land not owned under option agreements	—		4,633		—		—			4,633
Total debt (net of discounts of $5,160)	1,492,898		19,285		—		—			1,512,183
Total liabilities	1,547,654		1,291,894		1,230		$	(1,094,539	)	1,746,239
Stockholders’ equity	240,550		120,063		3,537		(123,600		)	240,550
Total liabilities and stockholders’ equity	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789

Unaudited Consolidating Income Statement

	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2013
Total revenue	$	—		$	293,170		$	80		$	(80	)	$	293,170
Home construction and land sales expenses	7,135			231,414			—			(80		)	238,469
Inventory impairments and option contract abandonments	—			31			—			—			31
Gross (loss) profit	(7,135		)	61,725			80			—			54,670
Commissions	—			11,821			—			—			11,821
General and administrative expenses	—			28,383			27			—			28,410
Depreciation and amortization	—			2,907			—			—			2,907
Operating (loss) income	(7,135		)	18,614			53			—			11,532
Equity in income of unconsolidated entities	—			319			—			—			319
Other (expense) income, net	(16,032		)	278			(3		)	—			(15,757		)
(Loss) income before income taxes	(23,167		)	19,211			50			—			(3,906		)
Provision for (benefit from) income taxes	141			(117		)	18			—			42
Equity in income of subsidiaries	19,360			—			—			(19,360		)	—
(Loss) income from continuing operations	(3,948		)	19,328			32			(19,360		)	(3,948		)
Loss from discontinued operations	—			(1,187		)	(3		)	—			(1,190		)
Equity in loss of subsidiaries	(1,190		)	—			—			1,190			—
Net (loss) income	$	(5,138	)	$	18,141		$	29		$	(18,170	)	$	(5,138	)
	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 income 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 of subsidiaries	(1,449		)	—			—			1,449			—
Net (loss) income	$	(20,388	)	$	3,715		$	146		$	(3,861	)	$	(20,388	)

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.
Three Months Ended December 31, 2013
Total revenue	$	—		$	293,170		$	80		$	(80	)	$	293,170
Home construction and land sales expenses	7,135			231,414			—			(80		)	238,469
Inventory impairments and option contract abandonments	—			31			—			—			31
Gross (loss) profit	(7,135		)	61,725			80			—			54,670
Commissions	—			11,821			—			—			11,821
General and administrative expenses	—			28,383			27			—			28,410
Depreciation and amortization	—			2,907			—			—			2,907
Operating (loss) income	(7,135		)	18,614			53			—			11,532
Equity in income of unconsolidated entities	—			319			—			—			319
Other (expense) income, net	(16,032		)	278			(3		)	—			(15,757		)
(Loss) income before income taxes	(23,167		)	19,211			50			—			(3,906		)
Provision for (benefit from) income taxes	141			(117		)	18			—			42
Equity in income of subsidiaries	19,360			—			—			(19,360		)	—
(Loss) income from continuing operations	(3,948		)	19,328			32			(19,360		)	(3,948		)
Loss from discontinued operations	—			(1,187		)	(3		)	—			(1,190		)
Equity in loss of subsidiaries	(1,190		)	—			—			1,190			—
Net (loss) income	$	(5,138	)	$	18,141		$	29		$	(18,170	)	$	(5,138	)
	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 income 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 of subsidiaries	(1,449		)	—			—			1,449			—
Net (loss) income	$	(20,388	)	$	3,715		$	146		$	(3,861	)	$	(20,388	)

Unaudited Consolidating Statements of Cash Flow

	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2013
Net cash used in operating activities	$	(37,161	)	$	(76,683	)	$	(34	)	$	—		$	(113,878	)
Cash flows from investing activities:
Capital expenditures	—			(3,200		)	—			—			(3,200		)
Investments in unconsolidated entities	—			(2,164		)	—			—			(2,164		)
Increases in restricted cash	(433		)	(295		)	—			—			(728		)
Decreases in restricted cash	39			512			—			—			551
Net cash used in investing activities	(394		)	(5,147		)	—			—			(5,541		)
Cash flows from financing activities:
Repayment of debt	(1,913		)	(122		)	—			—			(2,035		)
Debt issuance costs	(32		)	—			—			—			(32		)
Advances to/from subsidiaries	(70,833		)	75,697			(69		)	(4,795		)	—
Payments for other financing activities	(413		)	—			—			—			(413		)
Net cash (used in) provided by financing activities	(73,191		)	75,575			(69		)	(4,795		)	(2,480		)
Decrease in cash and cash equivalents	(110,746		)	(6,255		)	(103		)	(4,795		)	(121,899		)
Cash and cash equivalents at beginning of period	499,341			6,324			1,637			(2,843		)	504,459
Cash and cash equivalents at end of period	$	388,595		$	69		$	1,534		$	(7,638	)	$	382,560
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
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		)
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 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