Supplemental Guarantor Information (Tables)

12 Months Ended

Sep. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]



	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.		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

Consolidating statement of operations information



	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

Consolidating statements of cash flow information



	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