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Supplemental Guarantor Information (Tables)
 12 Months Ended
Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed consolidating balance sheet information
Beazer Homes USA, Inc.
Condensed Consolidating Balance Sheet Information
September 30, 2019
 
in thousands
Beazer Homes
USA, Inc.
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Consolidating
Adjustments
 
Consolidated
Beazer Homes
USA, Inc.
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
70,617

 
$
36,115

 
$
9

 
$
—

 
$
106,741

Restricted cash
14,847

 
1,206

 
—

 
—

 
16,053

Accounts receivable (net of allowance of $304)
—

 
26,394

 
1

 
—

 
26,395

Income tax receivable
4,935

 
—

 
—

 
—

 
4,935

Owned inventory
—

 
1,504,248

 
—

 
—

 
1,504,248

Investments in unconsolidated entities
773

 
3,189

 
—

 
—

 
3,962

Deferred tax assets, net
246,957

 
—

 
—

 
—

 
246,957

Property and equipment, net
—

 
27,421

 
—

 
—

 
27,421

Investments in subsidiaries
636,791

 
—

 
—

 
(636,791
)
 
—

Intercompany
753,769

 
—

 
1,680

 
(755,449
)
 
—

Goodwill
—

 
11,376

 
—

 
—

 
11,376

Other assets
1,235

 
8,317

 
4

 
—

 
9,556

Total assets
$
1,729,924

 
$
1,618,266

 
$
1,694

 
$
(1,392,240
)
 
$
1,957,644

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Trade accounts payable
$
—

 
$
131,152

 
$
—

 
$
—

 
$
131,152

Other liabilities
12,335

 
97,081

 
13

 
—

 
109,429

Intercompany
1,680

 
753,769

 
—

 
(755,449
)
 
—

Total debt (net of premium and debt issuance costs)
1,177,155

 
1,154

 
—

 
—

 
1,178,309

Total liabilities
1,191,170

 
983,156

 
13

 
(755,449
)
 
1,418,890

Stockholders’ equity
538,754

 
635,110

 
1,681

 
(636,791
)
 
538,754

Total liabilities and stockholders’ equity
$
1,729,924

 
$
1,618,266

 
$
1,694

 
$
(1,392,240
)
 
$
1,957,644

Beazer Homes USA, Inc.
Condensed Consolidating Balance Sheet Information
September 30, 2018

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
—

 
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 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
Consolidating statement of operations information
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, 2019
 
 
 
 
 
 
 
 
 
Total revenue
$
—

 
$
2,087,739

 
$
115

 
$
(115
)
 
$
2,087,739

Home construction and land sales expenses
93,875

 
1,679,325

 
—

 
(115
)
 
1,773,085

Inventory impairments and abandonments
13,908

 
134,710

 
—

 
—

 
148,618

Gross (loss) profit
(107,783
)
 
273,704

 
115

 
—

 
166,036

Commissions
—

 
79,802

 
—

 
—

 
79,802

General and administrative expenses
—

 
161,375

 
(4
)
 
—

 
161,371

Depreciation and amortization
—

 
14,759

 
—

 
—

 
14,759

Operating (loss) income
(107,783
)
 
17,768

 
119

 
—

 
(89,896
)
Equity in income of unconsolidated entities
—

 
404

 
—

 
—

 
404

Loss on extinguishment of debt
(24,920
)
 
—

 
—

 
—

 
(24,920
)
Other (expense) income, net
(3,109
)
 
887

 
(4
)
 
—

 
(2,226
)
(Loss) income from continuing operations before income taxes
(135,812
)
 
19,059

 
115

 
—

 
(116,638
)
(Benefit) expense from income taxes
(15,603
)
 
(21,643
)
 
29

 
—

 
(37,217
)
Equity in income of subsidiaries
40,788

 
—

 
—

 
(40,788
)
 
—

(Loss) income from continuing operations
(79,421
)
 
40,702

 
86

 
(40,788
)
 
(79,421
)
Loss from discontinued operations, net of tax
—

 
(85
)
 
(14
)
 
—

 
(99
)
Equity in loss of subsidiaries from discontinued operations
(99
)
 
—

 
—

 
99

 
—

Net (loss) income
$
(79,520
)
 
$
40,617

 
$
72

 
$
(40,689
)
 
$
(79,520
)
 
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 from continuing operations 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.
 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, 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

Gain (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 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
Condensed consolidating statements of cash flow information
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, 2019
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(107,882
)
 
$
221,529

 
$
(12
)
 
$
—

 
$
113,635

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(21,356
)
 
—

 
—

 
(21,356
)
Proceeds from sale of fixed assets
—

 
251

 
—

 
—

 
251

Acquisition, net of cash acquired
—

 
(4,088
)
 
—

 
—

 
(4,088
)
Return of capital from unconsolidated entities
—

 
68

 
—

 
—

 
68

Advances to/from subsidiaries
204,555

 
—

 
(554
)
 
(204,001
)
 
—

Net cash provided by (used in) investing activities
204,555


(25,125
)

(554
)

(204,001
)

(25,125
)
Cash flows from financing activities:
 
 
 
 
 
 
 
 
 
Repayment of debt
(573,589
)
 
(2,959
)
 
—

 
—

 
(576,548
)
Proceeds from issuance of new debt
500,000

 
—

 
—

 
—

 
500,000

Repayment of borrowing from credit facility
(425,000
)
 
—

 
—

 
—

 
(425,000
)
Borrowings from credit facility
425,000

 
—

 
—

 
—

 
425,000

Debt issuance costs
(6,137
)
 
—

 
—

 
—

 
(6,137
)
Other financing activities
(1,655
)
 
—

 
—

 
—

 
(1,655
)
Repurchase of common stock
(34,624
)
 
—

 
—

 
—

 
(34,624
)
Advances to/from subsidiaries
—

 
(204,001
)
 
—

 
204,001

 
—

Net cash used in financing activities
(116,005
)
 
(206,960
)
 
—

 
204,001

 
(118,964
)
Decrease in cash and cash equivalents
(19,332
)
 
(10,556
)
 
(566
)
 
—

 
(30,454
)
Cash, cash equivalents and restricted cash at beginning of period
104,796

 
47,877

 
575

 
—

 
153,248

Cash, cash equivalents and restricted cash at end of period
$
85,464

 
$
37,321

 
$
9

 
$
—

 
$
122,794




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, 2018
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(1,163
)
 
$
56,153

 
$
(152
)
 
$
—

 
$
54,838

Cash flows from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(17,020
)
 
—

 
—

 
(17,020
)
Proceeds from sale of fixed assets
—

 
370

 
—

 
—

 
370

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
(522,465
)
 
—

 
—

 
—

 
(522,465
)
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
(132,051
)
 
49,018

 
—

 
(49,018
)
 
(132,051
)
(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
294,192

 
16,854

 
724

 
(7,161
)
 
304,609

Cash, cash equivalents and restricted cash at end of period
$
104,796

 
$
47,877

 
$
575

 
$
—

 
$
153,248

 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended September 30, 2017
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(65,093
)
 
$
170,129

 
$
(174
)
 
$
—

 
$
104,862

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
(261,999
)
 
(12,437
)
 
—

 
—

 
(274,436
)
Proceeds from issuance of new debt
250,000

 
—

 
—

 
—

 
250,000

Borrowing from credit facility
25,000

 
—

 
—

 
—

 
25,000

Repayment of 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
(17,309
)
 
(157,896
)
 
—

 
145,459

 
(29,746
)
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
228,513

 
18,404

 
859

 
(4,500
)
 
243,276

Cash, cash equivalents and restricted cash at end of period
$
294,192

 
$
16,854

 
$
724

 
$
(7,161
)
 
$
304,609