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Supplemental Guarantor Information
 3 Months Ended
Dec. 31, 2015
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 issuances 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 the Facility. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc. The following unaudited financial information presents the line items of our unaudited consolidated financial statements separated by amounts related to our parent company, guarantor subsidiaries, non-guarantor subsidiaries and consolidating adjustments as of or for the periods presented.
Beazer Homes USA, Inc.
Unaudited Consolidating Balance Sheet Information
December 31, 2015
(In thousands)
 
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
152,824

 
$
(547
)
 
$
988

 
$
(8,384
)
 
$
144,881

Restricted cash
37,708

 
1,643

 
—

 
—

 
39,351

Accounts receivable (net of allowance of $921)
—

 
50,555

 
—

 
—

 
50,555

Income tax receivable
269

 
—

 
—

 
—

 
269

Owned inventory
—

 
1,729,937

 
—

 
—

 
1,729,937

Investments in unconsolidated entities and marketable securities
773

 
10,948

 
—

 
—

 
11,721

Deferred tax assets, net
325,058

 
—

 
—

 
—

 
325,058

Property and equipment, net
—

 
20,236

 
—

 
—

 
20,236

Investments in subsidiaries
662,183

 
—

 
—

 
(662,183
)
 
—

Intercompany
950,547

 
—

 
2,384

 
(952,931
)
 
—

Other assets
11,874

 
4,814

 
—

 
—

 
16,688

Total assets
$
2,141,236

 
$
1,817,586

 
$
3,372

 
$
(1,623,498
)
 
$
2,338,696

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
81,395

 
$
—

 
$
—

 
$
81,395

Other liabilities
20,632

 
101,138

 
498

 
—

 
122,268

Intercompany
2,384

 
958,931

 
—

 
(961,315
)
 
—

Total debt (net of discounts of $3,449)
1,485,243

 
16,813

 
—

 
—

 
1,502,056

Total liabilities
1,508,259

 
1,158,277

 
498

 
(961,315
)
 
1,705,719

Stockholders’ equity
632,977

 
659,309

 
2,874

 
(662,183
)
 
632,977

Total liabilities and stockholders’ equity
$
2,141,236

 
$
1,817,586

 
$
3,372

 
$
(1,623,498
)
 
$
2,338,696

Beazer Homes USA, Inc.
Unaudited Consolidating Balance Sheet Information
September 30, 2015
(In thousands)

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
232,226

 
$
21,543

 
$
1,006

 
$
(3,192
)
 
$
251,583

Restricted cash
37,177

 
1,724

 
—

 
—

 
38,901

Accounts receivable (net of allowance of $1,052)
—

 
52,378

 
1

 
—

 
52,379

Income tax receivable
419

 
—

 
—

 
—

 
419

Owned inventory
—

 
1,697,590

 
—

 
—

 
1,697,590

Consolidated inventory not owned
—

 
—

 
—

 
—

 
—

Investments in marketable securities and unconsolidated entities
773

 
12,961

 
—

 
—

 
13,734

Deferred tax assets, net
325,373

 
—

 
—

 
—

 
325,373

Property and equipment, net
—

 
22,230

 
—

 
—

 
22,230

Investments in subsidiaries
649,701

 
—

 
—

 
(649,701
)
 
—

Intercompany
913,733

 
—

 
2,384

 
(916,117
)
 
—

Other assets
12,519

 
6,471

 
4

 
—

 
18,994

Total assets
$
2,171,921

 
$
1,814,897

 
$
3,395

 
$
(1,569,010
)
 
$
2,421,203

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
113,539

 
$
—

 
$
—

 
$
113,539

Other liabilities
31,703

 
116,718

 
545

 
—

 
148,966

Intercompany
2,384

 
916,925

 
—

 
(919,309
)
 
—

Obligations related to land not owned under option agreements
—

 
—

 
—

 
—

 
—

Total debt (net of discounts of $3,639)
1,507,411

 
20,864

 
—

 
—

 
1,528,275

Total liabilities
1,541,498

 
1,168,046

 
545

 
(919,309
)
 
1,790,780

Stockholders’ equity
630,423

 
646,851

 
2,850

 
(649,701
)
 
630,423

Total liabilities and stockholders’ equity
$
2,171,921

 
$
1,814,897

 
$
3,395

 
$
(1,569,010
)
 
$
2,421,203

Beazer Homes USA, Inc.
Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Three Months Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
344,449

 
$
73

 
$
(73
)
 
$
344,449

Home construction and land sales expenses
13,367

 
272,217

 
—

 
(73
)
 
285,511

Inventory impairments and abandonments
—

 
1,356

 
—

 
—

 
1,356

Gross (loss) profit
(13,367
)
 
70,876

 
73

 
—

 
57,582

Commissions
—

 
13,774

 
—

 
—

 
13,774

General and administrative expenses
—

 
31,642

 
27

 


 
31,669

Depreciation and amortization
—

 
2,991

 
—

 
—

 
2,991

Operating (loss) income
(13,367
)
 
22,469

 
46

 
—

 
9,148

Equity in income of unconsolidated entities
—

 
60

 
—

 
—

 
60

Loss on extinguishment of debt
(828
)
 
—

 
—

 
—

 
(828
)
Other (expense) income, net
(7,432
)
 
868

 
(1
)
 
—

 
(6,565
)
(Loss) income before income taxes
(21,627
)
 
23,397

 
45

 
—

 
1,815

(Benefit from) provision for income taxes
(10,143
)
 
10,742

 
17

 
—

 
616

Equity in income of subsidiaries
12,683

 
—

 
—

 
(12,683
)
 
—

Income (loss) from continuing operations
1,199

 
12,655

 
28

 
(12,683
)
 
1,199

Loss from discontinued operations
—

 
(197
)
 
(3
)
 
—

 
(200
)
Equity in loss of subsidiaries from discontinued operations
(200
)
 
—

 
—

 
200

 
—

Net income (loss) and comprehensive income (loss)
$
999

 
$
12,458

 
$
25

 
$
(12,483
)
 
$
999

 
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

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 loss 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 income 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 income of subsidiaries from discontinued operations
(4,254
)
 
—

 
—

 
4,254

 
—

Net (loss) income
$
(22,340
)
 
$
(11,068
)
 
$
42

 
$
11,026

 
$
(22,340
)
Change in unrealized loss related to available-for-sale securities
206

 
—

 
—

 
—

 
206

Comprehensive (loss) income
$
(22,134
)
 
$
(11,068
)
 
$
42

 
$
11,026

 
$
(22,134
)

 
 
 
 
 
 
 
 
 
 
Beazer Homes USA, Inc.
 Unaudited Condensed Consolidating Statements of Cash Flow
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Three Months Ended December 31, 2015
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
$
(22,794
)
 
$
(55,038
)
 
$
(17
)
 
$
—

 
$
(77,849
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(2,663
)
 
—

 
—

 
(2,663
)
Proceeds from sale of fixed assets
—

 
2,437

 
—

 
—

 
2,437

Investments in unconsolidated entities
—

 
(1,779
)
 
—

 
—

 
(1,779
)
Proceeds from sale of marketable securities and unconsolidated entities
—

 
1,142

 
—

 
—

 
1,142

Increases in restricted cash
—

 
(1,119
)
 
—

 
—

 
(1,119
)
Decreases in restricted cash
—

 
669

 
—

 
—

 
669

Advances to/from subsidiaries
(33,119
)
 
—

 
—

 
33,119

 
—

Net cash (used in) provided by investing activities
(33,119
)
 
(1,313
)
 
—

 
33,119

 
(1,313
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(22,875
)
 
(4,051
)
 
—

 
—

 
(26,926
)
Debt issuance costs
(413
)
 
—

 
—

 
—

 
(413
)
Advances to/from subsidiaries
—

 
38,312

 
(1
)
 
(38,311
)
 
—

Other financing activities
(201
)
 
—

 
—

 
—

 
(201
)
Net cash (used in) provided by financing activities
(23,489
)
 
34,261

 
(1
)
 
(38,311
)
 
(27,540
)
Decrease in cash and cash equivalents
(79,402
)
 
(22,090
)
 
(18
)
 
(5,192
)
 
(106,702
)
Cash and cash equivalents at beginning of period
232,226

 
21,543

 
1,006

 
(3,192
)
 
251,583

Cash and cash equivalents at end of period
$
152,824

 
$
(547
)
 
$
988

 
$
(8,384
)
 
$
144,881

 
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
)
 
—

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