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Supplemental Guarantor Information
 12 Months Ended
Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Supplemental Guarantor Information
Supplemental Guarantor Information
As discussed in Note 8, our obligations to pay principal, premium, if any, and interest under certain debt 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. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc. The following financial information presents the line items of our consolidated financial statements separated by amounts related to the parent issuer, guarantor subsidiaries, non-guarantor subsidiaries and consolidating adjustments as of or for the periods presented.
Beazer Homes USA, Inc.
Condensed Consolidating Balance Sheet Information
September 30, 2017
(In thousands)
 
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
283,191

 
$
15,393

 
$
724

 
$
(7,161
)
 
$
292,147

Restricted cash
11,001

 
1,461

 
—

 
—

 
12,462

Accounts receivable (net of allowance of $330)
—

 
36,322

 
1

 
—

 
36,323

Income tax receivable
88

 
—

 
—

 
—

 
88

Owned inventory
—

 
1,542,807

 
—

 
—

 
1,542,807

Investments in unconsolidated entities
773

 
3,221

 
—

 
—

 
3,994

Deferred tax assets, net
307,896

 
—

 
—

 
—

 
307,896

Property and equipment, net
—

 
17,566

 
—

 
—

 
17,566

Investments in subsidiaries
808,067

 
—

 
—

 
(808,067
)
 
—

Intercompany
606,168

 
—

 
2,337

 
(608,505
)
 
—

Other assets
599

 
7,098

 
15

 
—

 
7,712

Total assets
$
2,017,783

 
$
1,623,868

 
$
3,077

 
$
(1,423,733
)
 
$
2,220,995

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
103,484

 
$
—

 
$
—

 
$
103,484

Other liabilities
11,229

 
96,189

 
241

 
—

 
107,659

Intercompany
2,337

 
613,329

 
—

 
(615,666
)
 
—

Total debt (net of premium/discount and debt issuance costs)
1,321,777

 
5,635

 
—

 
—

 
1,327,412

Total liabilities
1,335,343

 
818,637

 
241

 
(615,666
)
 
1,538,555

Stockholders’ equity
682,440

 
805,231

 
2,836

 
(808,067
)
 
682,440

Total liabilities and stockholders’ equity
$
2,017,783

 
$
1,623,868

 
$
3,077

 
$
(1,423,733
)
 
$
2,220,995

Beazer Homes USA, Inc.
Condensed Consolidating Balance Sheet Information
September 30, 2016
(In thousands)

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
215,646

 
$
16,866

 
$
859

 
$
(4,500
)
 
$
228,871

Restricted cash
12,867

 
1,538

 
—

 
—

 
14,405

Accounts receivable (net of allowance of $354)
—

 
53,225

 
1

 
—

 
53,226

Income tax receivable
292

 
—

 
—

 
—

 
292

Owned inventory
—

 
1,569,279

 
—

 
—

 
1,569,279

Investments in unconsolidated entities
773

 
9,697

 
—

 
—

 
10,470

Deferred tax assets, net
309,955

 
—

 
—

 
—

 
309,955

Property and equipment, net
—

 
19,138

 
—

 
—

 
19,138

Investments in subsidiaries
701,931

 
—

 
—

 
(701,931
)
 
—

Intercompany
734,766

 
—

 
2,574

 
(737,340
)
 
—

Other assets
577

 
6,930

 
15

 
—

 
7,522

Total assets
$
1,976,807

 
$
1,676,673

 
$
3,449

 
$
(1,443,771
)
 
$
2,213,158

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
104,174

 
$
—

 
$
—

 
$
104,174

Other liabilities
11,315

 
122,561

 
377

 
—

 
134,253

Intercompany
2,574

 
739,266

 
—

 
(741,840
)
 
—

Total debt (net of discount and debt issuance costs)
1,320,065

 
11,813

 
—

 
—

 
1,331,878

Total liabilities
1,333,954

 
977,814

 
377

 
(741,840
)
 
1,570,305

Stockholders’ equity
642,853

 
698,859

 
3,072

 
(701,931
)
 
642,853

Total liabilities and stockholders’ equity
$
1,976,807

 
$
1,676,673

 
$
3,449

 
$
(1,443,771
)
 
$
2,213,158

Beazer Homes USA, Inc.
Consolidating Statements of Income and Comprehensive Income Information
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2017
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
1,916,278

 
$
107

 
$
(107
)
 
$
1,916,278

Home construction and land sales expenses
88,764

 
1,512,312

 
—

 
(107
)
 
1,600,969

Inventory impairments and abandonments
56

 
2,389

 
—

 
—

 
2,445

Gross (loss) profit
(88,820
)
 
401,577

 
107

 
—

 
312,864

Commissions
—

 
74,811

 
—

 
—

 
74,811

General and administrative expenses
—

 
161,804

 
102

 
—

 
161,906

Depreciation and amortization
—

 
14,009

 
—

 
—

 
14,009

Operating (loss) income
(88,820
)
 
150,953

 
5

 
—

 
62,138

Equity in income of unconsolidated entities
—

 
371

 
—

 
—

 
371

Loss on extinguishment of debt
(12,630
)
 
—

 
—

 
—

 
(12,630
)
Other (expense) income, net
(15,635
)
 
429

 
(24
)
 
—

 
(15,230
)
(Loss) income before income taxes
(117,085
)
 
151,753

 
(19
)
 
—

 
34,649

(Benefit) expense from income taxes
(42,564
)
 
45,266

 
(6
)
 
—

 
2,696

Equity in income of subsidiaries
106,474

 
—

 
—

 
(106,474
)
 
—

Income (loss) from continuing operations
31,953

 
106,487

 
(13
)
 
(106,474
)
 
31,953

Loss from discontinued operations, net of tax
—

 
(115
)
 
(25
)
 
—

 
(140
)
Equity in loss of subsidiaries
(140
)
 
—

 
—

 
140

 
—

Net income and comprehensive income
$
31,813

 
$
106,372

 
$
(38
)
 
$
(106,334
)
 
$
31,813

 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
1,822,114

 
$
156

 
$
(156
)
 
$
1,822,114

Home construction and land sales expenses
77,941

 
1,431,840

 
—

 
(156
)
 
1,509,625

Inventory impairments and abandonments
710

 
14,572

 
—

 
—

 
15,282

Gross (loss) profit
(78,651
)
 
375,702

 
156

 
—

 
297,207

Commissions
—

 
70,460

 
—

 
—

 
70,460

General and administrative expenses
—

 
153,524

 
104

 
—

 
153,628

Depreciation and amortization
—

 
13,794

 
—

 
—

 
13,794

Operating (loss) income
(78,651
)
 
137,924

 
52

 
—

 
59,325

Equity in income of unconsolidated entities
—

 
131

 
—

 
—

 
131

Loss on extinguishment of debt
(13,423
)
 
—

 
—

 
—

 
(13,423
)
Other (expense) income, net
(25,388
)
 
1,061

 
(3
)
 
—

 
(24,330
)
(Loss) income before income taxes
(117,462
)
 
139,116

 
49

 
—

 
21,703

(Benefit) expense from income taxes
(70,126
)
 
86,605

 
19

 
—

 
16,498

Equity in income of subsidiaries
52,541

 
—

 
—

 
(52,541
)
 
—

Income from continuing operations
5,205

 
52,511

 
30

 
(52,541
)
 
5,205

Loss from discontinued operations, net of tax
—

 
(503
)
 
(9
)
 
—

 
(512
)
Equity in loss of subsidiaries
(512
)
 
—

 
—

 
512

 
—

Net income and comprehensive income
$
4,693

 
$
52,008

 
$
21

 
$
(52,029
)
 
$
4,693



Beazer Homes USA, Inc.
 Consolidating Statements of Income and Comprehensive Income Information
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
1,627,413

 
$
198

 
$
(198
)
 
$
1,627,413

Home construction and land sales expenses
55,006

 
1,297,052

 
—

 
(198
)
 
1,351,860

Inventory impairments and abandonments
—

 
3,109

 
—

 
—

 
3,109

Gross (loss) profit
(55,006
)
 
327,252

 
198

 
—

 
272,444

Commissions
—

 
65,023

 
—

 
—

 
65,023

General and administrative expenses
—

 
142,391

 
105

 
—

 
142,496

Depreciation and amortization
—

 
13,338

 
—

 
—

 
13,338

Operating (loss) income
(55,006
)
 
106,500

 
93

 
—

 
51,587

Equity in income of unconsolidated entities
—

 
536

 
—

 
—

 
536

Loss on extinguishment of debt
(80
)
 
—

 
—

 
—

 
(80
)
Other expense, net
(29,752
)
 
(258
)
 
(3
)
 
—

 
(30,013
)
(Loss) income before income taxes
(84,838
)
 
106,778

 
90

 
—

 
22,030

(Benefit) expense from income taxes
(32,275
)
 
(292,326
)
 
32

 
—

 
(324,569
)
Equity in income of subsidiaries
399,162

 
—

 
—

 
(399,162
)
 
—

Income from continuing operations
346,599

 
399,104

 
58

 
(399,162
)
 
346,599

Loss from discontinued operations, net of tax
—

 
(2,495
)
 
(10
)
 
—

 
(2,505
)
Equity in loss of subsidiaries
(2,505
)
 
—

 
—

 
2,505

 
—

Net income
$
344,094

 
$
396,609

 
$
48

 
$
(396,657
)
 
$
344,094

Change in unrealized loss related to available-for-sale securities
1,276

 
—

 
—

 
—

 
1,276

Comprehensive income
$
345,370

 
$
396,609

 
$
48

 
$
(396,657
)
 
$
345,370

Beazer Homes USA, Inc.
Condensed Consolidating Statements of Cash Flow Information
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2017
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(74,046
)
 
$
170,129

 
$
(174
)
 
$
—

 
$
95,909

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(12,440
)
 
—

 
—

 
(12,440
)
Proceeds from sale of fixed assets
—

 
297

 
—

 
—

 
297

Investments in unconsolidated entities
—

 
(3,261
)
 
—

 
—

 
(3,261
)
Return of capital from unconsolidated entities
—

 
1,621

 
—

 
—

 
1,621

Advances to/from subsidiaries
148,081

 
—

 
39

 
(148,120
)
 
—

Net cash provided by (used in) investing activities
148,081


(13,783
)

39


(148,120
)

(13,783
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(253,046
)
 
(12,437
)
 
—

 
—

 
(265,483
)
Proceeds from issuance of new debt
250,000

 
—

 
—

 
—

 
250,000

Repayment of borrowing from credit facility
(25,000
)
 
—

 
—

 
—

 
(25,000
)
Borrowing from credit facility
25,000

 
—

 
—

 
—

 
25,000

Debt issuance costs
(4,919
)
 
—

 
—

 
—

 
(4,919
)
Other financing activities
(391
)
 
—

 
—

 
—

 
(391
)
Advances to/from subsidiaries


 
(145,459
)
 


 
145,459

 
—

Net cash (used in) provided by financing activities
(8,356
)
 
(157,896
)
 
—

 
145,459

 
(20,793
)
Increase (decrease) in cash and cash equivalents
65,679

 
(1,550
)
 
(135
)
 
(2,661
)
 
61,333

Cash, cash equivalents and restricted cash at beginning of period
228,512

 
18,405

 
859

 
(4,500
)
 
243,276

Cash, cash equivalents and restricted cash at end of period
$
294,191

 
$
16,855

 
$
724

 
$
(7,161
)
 
$
304,609




Beazer Homes USA, Inc.
Condensed Consolidating Statements of Cash Flow Information
(In thousands)
 
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
Fiscal Year Ended September 30, 2016
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(56,218
)
 
$
219,401

 
$
(158
)
 
$
—

 
$
163,025

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(12,219
)
 
—

 
—

 
(12,219
)
Proceeds from sale of fixed assets
—

 
2,624

 
—

 
—

 
2,624

Investments in unconsolidated entities
—

 
(4,241
)
 
—

 
—

 
(4,241
)
Return of capital from unconsolidated entities
—

 
1,142

 
—

 
—

 
1,142

       Advances to/from subsidiaries
203,690

 
—

 
11

 
(203,701
)
 
—

Net cash provided by (used in) investing activities
203,690

 
(12,694
)
 
11

 
(203,701
)
 
(12,694
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(819,044
)
 
(9,177
)
 
—

 
—

 
(828,221
)
Proceeds from issuance of new debt
642,150

 
—

 
—

 
—

 
642,150

Repayment of borrowing from credit facility
(90,000
)
 
—

 
—

 
—

 
(90,000
)
Borrowing from credit facility
90,000

 
—

 
—

 
—

 
90,000

Debt issuance costs
(11,246
)
 
—

 
—

 
—

 
(11,246
)
Other financing activities
(222
)
 
—

 
—

 
—

 
(222
)
Advances to/from subsidiaries
—

 
(202,393
)
 
—

 
202,393

 
—

Net cash used in financing activities
(188,362
)
 
(211,570
)
 
—

 
202,393

 
(197,539
)
Decrease in cash and cash equivalents
(40,890
)
 
(4,863
)
 
(147
)
 
(1,308
)
 
(47,208
)
Cash, cash equivalents and restricted cash at beginning of period
269,402

 
23,268

 
1,006

 
(3,192
)
 
290,484

Cash, cash equivalents and restricted cash at end of period
$
228,512

 
$
18,405

 
$
859

 
$
(4,500
)
 
$
243,276

 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended September 30, 2015
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(388,584
)
 
$
307,668

 
$
(133
)
 
$
—

 
$
(81,049
)
Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(15,964
)
 
—

 
—

 
(15,964
)
Investments in unconsolidated entities
—

 
(4,944
)
 
—

 
—

 
(4,944
)
Return of capital from unconsolidated entities
—

 
24,245

 
—

 
—

 
24,245

Advances to/from subsidiaries
302,569

 
—

 
25


(302,594
)
 
—

Net cash provided by investing activities
302,569

 
3,337

 
25

 
(302,594
)
 
3,337

Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(8,703
)
 
(9,870
)
 
—

 
—

 
(18,573
)
Debt issuance costs
(126
)
 
—

 
—

 
—

 
(126
)
Borrowing from credit facility
75,000

 
—

 
—

 
—

 
75,000

Repayment of borrowing from credit facility
(75,000
)
 
—

 
—

 
—

 
(75,000
)
Other financing activities
(200
)
 
—

 
—

 
—

 
(200
)
Dividends paid
500

 
—

 
(500
)
 
—

 
—

Advances to/from subsidiaries
21

 
(300,897
)
 
—

 
300,876

 
—

Net cash used in financing activities
(8,508
)
 
(310,767
)
 
(500
)
 
300,876

 
(18,899
)
(Decrease) increase in cash and cash equivalents
(94,523
)
 
238

 
(608
)
 
(1,718
)
 
(96,611
)
Cash, cash equivalents and restricted cash at beginning of period
363,925

 
23,030

 
1,614

 
(1,474
)
 
387,095

Cash, cash equivalents and restricted cash at end of period
$
269,402

 
$
23,268

 
$
1,006

 
$
(3,192
)
 
$
290,484