Supplemental Guarantor Information (Tables)

3 Months Ended

Dec. 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	$	147,840	$	(18	)	$	1,530	$	(10,672	)	$	138,680
Restricted cash	62,905		1,187			—		—			64,092
Accounts receivable (net of allowance of $1,267)	—		32,314			2		—			32,316
Income tax receivable	46		—			—		—			46
Owned inventory	—		1,677,611			—		—			1,677,611
Consolidated inventory not owned	—		1,443			—		—			1,443
Investments in marketable securities and unconsolidated entities	773		33,962			—		—			34,735
Deferred tax assets, net	46		—			—		—			46
Property, plant and equipment, net	—		19,315			—		—			19,315
Investments in subsidiaries	242,515		—			—		(242,515		)	—
Intercompany	1,323,583		—			2,402		(1,325,985		)	—
Other assets	16,026		4,986			90		—			21,102
Total assets	$	1,793,734	$	1,770,800		$	4,024	$	(1,579,172	)	$	1,989,386
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	65,845		$	—	$	—		$	65,845
Other liabilities	20,816		106,043			683		—			127,542
Intercompany	2,402		1,334,255			—		(1,336,657		)	—
Obligations related to land not owned under option agreements	—		1,248			—		—			1,248
Total debt (net of discounts of $4,209)	1,512,356		24,235			—		—			1,536,591
Total liabilities	1,535,574		1,531,626			683		(1,336,657		)	1,731,226
Stockholders’ equity	258,160		239,174			3,341		(242,515		)	258,160
Total liabilities and stockholders’ equity	$	1,793,734	$	1,770,800		$	4,024	$	(1,579,172	)	$	1,989,386

	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	301,980	$	22,034	$	1,614	$	(1,474	)	$	324,154
Restricted cash	61,945		996		—		—			62,941
Accounts receivable (net of allowance of $1,245)	—		34,428		1		—			34,429
Income tax receivable	46		—		—		—			46
Owned inventory	—		1,557,496		—		—			1,557,496
Consolidated inventory not owned	—		3,857		—		—			3,857
Investments in marketable securities and unconsolidated entities	773		37,568		—		—			38,341
Deferred tax assets, net	2,823		—		—		—			2,823
Property, plant and equipment, net	—		18,673		—		—			18,673
Investments in subsidiaries	253,540		—		—		(253,540		)	—
Intercompany	1,195,349		—		2,405		(1,197,754		)	—
Other assets	17,226		6,144		90		—			23,460
Total assets	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	106,237	$	—	$	—		$	106,237
Other liabilities	38,871		102,833		812		—			142,516
Intercompany	2,405		1,196,823		—		(1,199,228		)	—
Obligations related to land not owned under option agreements	—		2,916		—		—			2,916
Total debt (net of discounts of $4,399)	1,513,288		22,145		—		—			1,535,433
Total liabilities	1,554,564		1,430,954		812		(1,199,228		)	1,787,102
Stockholders’ equity	279,118		250,242		3,298		(253,540		)	279,118
Total liabilities and stockholders’ equity	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220

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, 2014
Total revenue	$	—		$	265,764		$	98		$	(98	)	$	265,764
Home construction and land sales expenses	8,194			222,450			—			(98		)	230,546
Inventory impairments and option contract abandonments	—			—			—			—			—
Gross (loss) profit	(8,194		)	43,314			98			—			35,218
Commissions	—			10,926			—			—			10,926
General and administrative expenses	—			31,414			27			—			31,441
Depreciation and amortization	—			2,341			—			—			2,341
Operating (loss) income	(8,194		)	(1,367		)	71			—			(9,490		)
Equity in income of unconsolidated entities	—			142			—			—			142
Other (expense) income, net	(9,747		)	314			(1		)	—			(9,434		)
(Loss) income before income taxes	(17,941		)	(911		)	70			—			(18,782		)
(Benefit from) provision for income taxes	(6,627		)	5,906			25			—			(696		)
Equity in loss of subsidiaries	(6,772		)	—			—			6,772			—
(Loss) income from continuing operations	(18,086		)	(6,817		)	45			6,772			(18,086		)
Loss from discontinued operations	—			(4,251		)	(3		)	—			(4,254		)
Equity in loss of subsidiaries	(4,254		)	—			—			4,254			—
Net (loss) income	$	(22,340	)	$	(11,068	)	$	42		$	11,026		$	(22,340	)
Unrealized gain related to available-for-sale securities	206			—			—			—			206
Comprehensive (loss) income	$	(22,134	)	$	(11,068	)	$	42		$	11,026		$	(22,134	)
	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	)

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, 2014
Net cash used in operating activities	$	(30,841	)	$	(141,603	)	$	(88	)	$	—		$	(172,532	)
Cash flows from investing activities:
Capital expenditures	—			(2,934		)	—			—			(2,934		)
Investments in unconsolidated entities	—			(1,144		)	—			—			(1,144		)
Increases in restricted cash	(959		)	(486		)	—			—			(1,445		)
Decreases in restricted cash	—			294			—			—			294
Advances to/from subsidiaries	(114,977		)	—			—			114,977			—
Net cash (used in) provided by investing activities	(115,936		)	(4,270		)	—			114,977			(5,229		)
Cash flows from financing activities:
Repayment of debt	(7,038		)	(350		)	—			—			(7,388		)
Debt issuance costs	(126		)	—			—			—			(126		)
Advances to/from subsidiaries	—			124,171			4			(124,175		)	—
Payments for other financing activities	(199		)	—			—			—			(199		)
Net cash (used in) provided by financing activities	(7,363		)	123,821			4			(124,175		)	(7,713		)
Decrease in cash and cash equivalents	(154,140		)	(22,052		)	(84		)	(9,198		)	(185,474		)
Cash and cash equivalents at beginning of period	301,980			22,034			1,614			(1,474		)	324,154
Cash and cash equivalents at end of period	$	147,840		$	(18	)	$	1,530		$	(10,672	)	$	138,680
	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