Supplemental Guarantor Information (Tables)

6 Months Ended

Mar. 31, 2014

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	$	302,176	$	1,699	$	1,689	$	(5,944	)	$	299,620
Restricted cash	49,733		1,032		—		—			50,765
Accounts receivable (net of allowance of $1,278)	—		28,908		3		—			28,911
Income tax receivable	2,813		—		—		—			2,813
Owned inventory	—		1,480,360		—		—			1,480,360
Consolidated inventory not owned	—		7,751		—		—			7,751
Investments in unconsolidated entities	773		35,774		—		—			36,547
Deferred tax assets, net	5,407		—		—		—			5,407
Property, plant and equipment, net	—		18,142		—		—			18,142
Investments in subsidiaries	155,251		—		—		(155,251		)	—
Intercompany	1,240,777		—		2,406		(1,243,183		)	—
Other assets	17,058		3,901		109		—			21,068
Total assets	$	1,773,988	$	1,577,567	$	4,207	$	(1,404,378	)	$	1,951,384
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	71,891	$	—	$	—		$	71,891
Other liabilities	52,706		79,966		1,003		—			133,675
Intercompany	2,406		1,246,721		—		(1,249,127		)	—
Obligations related to land not owned under option agreements	—		3,147		—		—			3,147
Total debt (net of discounts of $4,780)	1,488,078		23,795		—		—			1,511,873
Total liabilities	1,543,190		1,425,520		1,003		(1,249,127		)	1,720,586
Stockholders’ equity	230,798		152,047		3,204		(155,251		)	230,798
Total liabilities and stockholders’ equity	$	1,773,988	$	1,577,567	$	4,207	$	(1,404,378	)	$	1,951,384

	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 March 31, 2014
Total revenue	$	—		$	270,021		$	100		$	(100	)	$	270,021
Home construction and land sales expenses	7,379			209,690			—			(100		)	216,969
Inventory impairments and option contract abandonments	—			880			—			—			880
Gross (loss) profit	(7,379		)	59,451			100			—			52,172
Commissions	—			11,096			—			—			11,096
General and administrative expenses	—			32,592			36			—			32,628
Depreciation and amortization	—			2,831			—			—			2,831
Operating (loss) income	(7,379		)	12,932			64			—			5,617
Equity in income of unconsolidated entities	—			(17		)	—			—			(17		)
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(14,659		)	933			(1		)	—			(13,727		)
(Loss) income before income taxes	(22,191		)	13,848			63			—			(8,280		)
(Benefit from) provision for income taxes	(210		)	131			23			—			(56		)
Equity in income of subsidiaries	13,757			—			—			(13,757		)	—
(Loss) income from continuing operations	(8,224		)	13,717			40			(13,757		)	(8,224		)
Income (loss) from discontinued operations	—			257			(4		)	—			253
Equity in income of subsidiaries	253			—			—			(253		)	—
Net (loss) income	$	(7,971	)	$	13,974		$	36		$	(14,010	)	$	(7,971	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2013
Total revenue	$	—		$	287,902		$	173		$	(173	)	$	287,902
Home construction and land sales expenses	9,352			232,813			—			(173		)	241,992
Inventory impairments and option contract abandonments	—			2,025			—			—			2,025
Gross (loss) profit	(9,352		)	53,064			173			—			43,885
Commissions	—			11,686			—			—			11,686
General and administrative expenses	—			28,762			33			—			28,795
Depreciation and amortization	—			3,093			—			—			3,093
Operating (loss) income	(9,352		)	9,523			140			—			311
Equity in income of unconsolidated entities	—			68			—			—			68
Loss on extinguishment of debt	(3,638		)	—			—			—			(3,638		)
Other (expense) income, net	(16,246		)	47			4			—			(16,195		)
(Loss) income before income taxes	(29,236		)	9,638			144			—			(19,454		)
(Benefit from) provision for income taxes	(583		)	193			47			—			(343		)
Equity in income of subsidiaries	9,542			—			—			(9,542		)	—
(Loss) income from continuing operations	(19,111		)	9,445			97			(9,542		)	(19,111		)
Loss from discontinued operations	—			(519		)	(10		)	—			(529		)
Equity in loss of subsidiaries	(529		)	—			—			529			—
Net (loss) income	$	(19,640	)	$	8,926		$	87		$	(9,013	)	$	(19,640	)

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 March 31, 2014
Total revenue	$	—		$	270,021		$	100		$	(100	)	$	270,021
Home construction and land sales expenses	7,379			209,690			—			(100		)	216,969
Inventory impairments and option contract abandonments	—			880			—			—			880
Gross (loss) profit	(7,379		)	59,451			100			—			52,172
Commissions	—			11,096			—			—			11,096
General and administrative expenses	—			32,592			36			—			32,628
Depreciation and amortization	—			2,831			—			—			2,831
Operating (loss) income	(7,379		)	12,932			64			—			5,617
Equity in income of unconsolidated entities	—			(17		)	—			—			(17		)
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(14,659		)	933			(1		)	—			(13,727		)
(Loss) income before income taxes	(22,191		)	13,848			63			—			(8,280		)
(Benefit from) provision for income taxes	(210		)	131			23			—			(56		)
Equity in income of subsidiaries	13,757			—			—			(13,757		)	—
(Loss) income from continuing operations	(8,224		)	13,717			40			(13,757		)	(8,224		)
Income (loss) from discontinued operations	—			257			(4		)	—			253
Equity in income of subsidiaries	253			—			—			(253		)	—
Net (loss) income	$	(7,971	)	$	13,974		$	36		$	(14,010	)	$	(7,971	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2013
Total revenue	$	—		$	287,902		$	173		$	(173	)	$	287,902
Home construction and land sales expenses	9,352			232,813			—			(173		)	241,992
Inventory impairments and option contract abandonments	—			2,025			—			—			2,025
Gross (loss) profit	(9,352		)	53,064			173			—			43,885
Commissions	—			11,686			—			—			11,686
General and administrative expenses	—			28,762			33			—			28,795
Depreciation and amortization	—			3,093			—			—			3,093
Operating (loss) income	(9,352		)	9,523			140			—			311
Equity in income of unconsolidated entities	—			68			—			—			68
Loss on extinguishment of debt	(3,638		)	—			—			—			(3,638		)
Other (expense) income, net	(16,246		)	47			4			—			(16,195		)
(Loss) income before income taxes	(29,236		)	9,638			144			—			(19,454		)
(Benefit from) provision for income taxes	(583		)	193			47			—			(343		)
Equity in income of subsidiaries	9,542			—			—			(9,542		)	—
(Loss) income from continuing operations	(19,111		)	9,445			97			(9,542		)	(19,111		)
Loss from discontinued operations	—			(519		)	(10		)	—			(529		)
Equity in loss of subsidiaries	(529		)	—			—			529			—
Net (loss) income	$	(19,640	)	$	8,926		$	87		$	(9,013	)	$	(19,640	)

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.
Six Months Ended March 31, 2014
Total revenue	$	—		$	563,191		$	180		$	(180	)	$	563,191
Home construction and land sales expenses	14,514			441,104			—			(180		)	455,438
Inventory impairments and option contract abandonments	—			911			—			—			911
Gross (loss) profit	(14,514		)	121,176			180			—			106,842
Commissions	—			22,917			—			—			22,917
General and administrative expenses	—			60,976			62			—			61,038
Depreciation and amortization	—			5,738			—			—			5,738
Operating (loss) income	(14,514		)	31,545			118			—			17,149
Equity in income of unconsolidated entities	—			302			—			—			302
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(30,692		)	1,212			(4		)	—			(29,484		)
(Loss) income before income taxes	(45,359		)	33,059			114			—			(12,186		)
(Benefit from) provision for income taxes	(199		)	145			40			—			(14		)
Equity in income of subsidiaries	32,988			—			—			(32,988		)	—
(Loss) income from continuing operations	(12,172		)	32,914			74			(32,988		)	(12,172		)
Loss from discontinued operations	—			(930		)	(7		)	—			(937		)
Equity in loss of subsidiaries	(937		)	—			—			937			—
Net (loss) income	$	(13,109	)	$	31,984		$	67		$	(32,051	)	$	(13,109	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2013
Total revenue	$	—		$	534,804		$	390		$	(390	)	$	534,804
Home construction and land sales expenses	17,827			435,169			—			(390		)	452,606
Inventory impairments and option contract abandonments	—			2,229			—			—			2,229
Gross (loss) profit	(17,827		)	97,406			390			—			79,969
Commissions	—			22,328			—			—			22,328
General and administrative expenses	—			55,063			60			—			55,123
Depreciation and amortization	—			5,808			—			—			5,808
Operating (loss) income	(17,827		)	14,207			330			—			(3,290		)
Equity in income of unconsolidated entities	—			104			—			—			104
Loss on extinguishment of debt	(3,638		)	—			—			—			(3,638		)
Other (expense) income, net	(32,457		)	627			8			—			(31,822		)
(Loss) income before income taxes	(53,922		)	14,938			338			—			(38,646		)
(Benefit from) provision for income taxes	(1,014		)	281			137			—			(596		)
Equity in income of subsidiaries	14,858			—			—			(14,858		)	—
(Loss) income from continuing operations	(38,050		)	14,657			201			(14,858		)	(38,050		)
(Loss) income from discontinued operations	—			(2,010		)	32			—			(1,978		)
Equity in loss of subsidiaries	(1,978		)	—			—			1,978			—
Net (loss) income	$	(40,028	)	$	12,647		$	233		$	(12,880	)	$	(40,028	)

Unaudited Consolidating Statements of Cash Flow

	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014
Net cash (used in) provided by operating activities	$	(45,803	)	$	(142,360	)	$	111		$	—		$	(188,052	)
Cash flows from investing activities:
Capital expenditures	—			(6,641		)	—			—			(6,641		)
Investments in unconsolidated entities	—			(3,193		)	—			—			(3,193		)
Increases in restricted cash	(1,898		)	(690		)	—			—			(2,588		)
Decreases in restricted cash	39			762			—			—			801
Net cash used in investing activities	(1,859		)	(9,762		)	—			—			(11,621		)
Cash flows from financing activities:
Repayment of debt	(3,857		)	(890		)	—			—			(4,747		)
Debt issuance costs	(26		)	—			—			—			(26		)
Advances to/from subsidiaries	(145,227		)	148,387			(59		)	(3,101		)	—
Payments for other financing activities	(393		)	—			—			—			(393		)
Net cash (used in) provided by financing activities	(149,503		)	147,497			(59		)	(3,101		)	(5,166		)
(Decrease) increase in cash and cash equivalents	(197,165		)	(4,625		)	52			(3,101		)	(204,839		)
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	$	302,176		$	1,699		$	1,689		$	(5,944	)	$	299,620
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2013
Net cash used in operating activities	$	(14,665	)	$	(61,595	)	$	(76	)	$	—		$	(76,336	)
Cash flows from investing activities:
Capital expenditures	—			(3,869		)	—			—			(3,869		)
Investments in unconsolidated entities	—			(400		)	—			—			(400		)
Return of capital from unconsolidated entities	—			432			—			—			432
Increases in restricted cash	(668		)	(376		)	—			—			(1,044		)
Decreases in restricted cash	7,367			195			—			—			7,562
Net cash provided by (used in) investing activities	6,699			(4,018		)	—			—			2,681
Cash flows from financing activities:
Repayment of debt	(183,224		)	(95		)	—			—			(183,319		)
Proceeds from issuance of new debt	200,000			—			—			—			200,000
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Debt issuance costs	(4,635		)	—			—			—			(4,635		)
Advances to/from subsidiaries	(62,166		)	63,544			(56		)	(1,322		)	—
Payments for other financing activities	(26		)	—			—			—			(26		)
Net cash (used in) provided by financing activities	(50,051		)	62,949			(56		)	(1,322		)	11,520
Decrease in cash and cash equivalents	(58,017		)	(2,664		)	(132		)	(1,322		)	(62,135		)
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	$	423,377		$	5,551		$	514		$	(3,782	)	$	425,660