Supplemental Guarantor Information (Tables)

12 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating balance sheet information

in thousands	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	93,875	$	45,355	$	575	$	—		$	139,805
Restricted cash	10,921		2,522		—		—			13,443
Accounts receivable (net of allowance of $378)	—		24,647		—		—			24,647
Income tax receivable	—		—		—		—			—
Owned inventory	—		1,692,284		—		—			1,692,284
Investments in unconsolidated entities	773		3,262		—		—			4,035
Deferred tax assets, net	213,955		—		—		—			213,955
Property and equipment, net	—		20,843		—		—			20,843
Investments in subsidiaries	645,086		—		—		(645,086		)	—
Intercompany	922,525		—		2,304		(924,829		)	—
Goodwill and other intangible assets, net	—		9,751		—		—			9,751
Other assets	694		8,626		19		—			9,339
Total assets	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	126,432	$	—	$	—		$	126,432
Other liabilities	14,357		111,906		126		—			126,389
Intercompany	2,304		922,525		—		(924,829		)	—
Total debt (net of premium/discount and debt issuance costs)	1,227,141		4,113		—		—			1,231,254
Total liabilities	1,243,802		1,164,976		126		(924,829		)	1,484,075
Stockholders’ equity	644,027		642,314		2,772		(645,086		)	644,027
Total liabilities and stockholders’ equity	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102

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 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

Consolidating statement of operations information

in thousands	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2018
Total revenue	$	—		$	2,107,133		$	83		$	(83	)	$	2,107,133
Home construction and land sales expenses	91,132			1,664,570			—			(83		)	1,755,619
Inventory impairments and abandonments	1,961			4,538			—			—			6,499
Gross (loss) profit	(93,093		)	438,025			83			—			345,015
Commissions	—			81,002			—			—			81,002
General and administrative expenses	—			168,536			122			—			168,658
Depreciation and amortization	—			13,807			—			—			13,807
Operating (loss) income	(93,093		)	174,680			(39		)	—			81,548
Equity in income of unconsolidated entities	—			34			—			—			34
Loss on extinguishment of debt	(27,839		)	—			—			—			(27,839		)
Other (expense) income, net	(5,323		)	1,046			(28		)	—			(4,305		)
(Loss) income before income taxes	(126,255		)	175,760			(67		)	—			49,438
(Benefit) expense from income taxes	(93,714		)	188,217			(19		)	—			94,484
Equity in loss of subsidiaries	(12,505		)	—			—			12,505			—
Loss from continuing operations	(45,046		)	(12,457		)	(48		)	12,505			(45,046		)
Loss from discontinued operations, net of tax	—			(312		)	(17		)	—			(329		)
Equity in loss of subsidiaries	(329		)	—			—			329			—
Net loss	$	(45,375	)	$	(12,769	)	$	(65	)	$	12,834		$	(45,375	)
	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 (loss)	$	31,813		$	106,372		$	(38	)	$	(106,334	)	$	31,813

Beazer Homes USA, Inc.

Consolidating Statements of Operations 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
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	$	4,693		$	52,008		$	21		$	(52,029	)	$	4,693

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, 2018
Net cash (used in) provided by operating activities	$	(25,713	)	$	56,153		$	(152	)	$	—		$	30,288
Cash flows from investing activities:
Capital expenditures	—			(17,020		)	—			—			(17,020		)
Proceeds from sale of fixed assets	—			370			—			—			370
Cash used for business acquisition, net of cash acquired	—			(57,253		)	—			—			(57,253		)
Investments in unconsolidated entities	—			(421		)	—			—			(421		)
Return of capital from unconsolidated entities	—			176			—			—			176
Advances to/from subsidiaries	(56,182		)	—			3			56,179			—
Net cash (used in) provided by investing activities	(56,182		)	(74,148		)	3			56,179			(74,148		)
Cash flows from financing activities:
Repayment of debt	(497,915		)	—			—			—			(497,915		)
Proceeds from issuance of new debt	400,000			—			—			—			400,000
Repayment of borrowing from credit facility	(225,000		)	—			—			—			(225,000		)
Borrowing from credit facility	225,000			—			—			—			225,000
Debt issuance costs	(6,272		)	—			—			—			(6,272		)
Other financing activities	(3,314		)	—			—			—			(3,314		)
Advances to/from subsidiaries	—			49,018			—			(49,018		)	—
Net cash (used in) provided by financing activities	(107,501		)	49,018			—			(49,018		)	(107,501		)
(Decrease) increase in cash and cash equivalents	(189,396		)	31,023			(149		)	7,161			(151,361		)
Cash, cash equivalents and restricted cash at beginning of period	294,191			16,855			724			(7,161		)	304,609
Cash, cash equivalents and restricted cash at end of period	$	104,795		$	47,878		$	575		$	—		$	153,248

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 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
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
Borrowing from credit facility	90,000			—			—			—			90,000
Repayment of 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