Supplemental Guarantor Information

12 Months Ended

Sep. 30, 2011

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

(16)   Supplemental Guarantor Information

As discussed in Note 7, 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 title, warranty and immaterial subsidiaries do not guarantee our Senior Notes or our Secured Revolving Credit Facility. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc. We have determined that separate, full financial statements of the guarantors would not be material to investors and, accordingly, supplemental financial information for the guarantors is presented ($ in thousands).

Beazer Homes USA, Inc.

Consolidating Balance Sheet Information

September 30, 2011

												Consolidated
	Beazer Homes		Guarantor			Non-Guarantor			Consolidating			Beazer Homes
	USA, Inc.		Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
ASSETS
Cash and cash equivalents	$	360,723	$	10,488		$	418		$	(1,226	)	$	370,403
Restricted cash		276,678		380			—			—			277,058
Accounts receivable (net of allowance of $3,872)		—		28,292			11			—			28,303
Income tax receivable		4,823		—			—			—			4,823
Owned inventory		—		1,192,380			—			—			1,192,380
Consolidated inventory not owned		—		11,753			—			—			11,753
Investments in unconsolidated joint ventures		773		8,694			—			—			9,467
Deferred tax assets		2,760		—			—			—			2,760
Property, plant and equipment, net		—		33,960			—			—			33,960
Investments in subsidiaries		100,996		—			—			(100,996	)		—
Intercompany		1,013,753		(1,018,680	)		3,701			1,226			—
Other assets		18,550		25,190			2,830			—			46,570
Total assets	$	1,779,056	$	292,457		$	6,960		$	(100,996	)	$	1,977,477
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	72,695		$	—		$	—		$	72,695
Other liabilities		93,047		116,210			2,930			—			212,187
Intercompany		1,072		—			(1,072	)		—			—
Obligations related to consolidated inventory not owned		—		5,389			—			—			5,389
Total debt (net of discounts of $23,243)		1,486,557		2,269			—			—			1,488,826
Total liabilities		1,580,676		196,563			1,858			—			1,779,097
Stockholders’ equity		198,380		95,894			5,102			(100,996	)		198,380
Total liabilities and stockholders’ equity	$	1,779,056	$	292,457		$	6,960		$	(100,996	)	$	1,977,477

Beazer Homes USA, Inc.

Consolidating Balance Sheet Information
September 30, 2010

												Consolidated
	Beazer Homes		Guarantor			Non-Guarantor			Consolidating			Beazer Homes
	USA, Inc.		Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
ASSETS
Cash and cash equivalents	$	530,847	$	8,343		$	200		$	(2,269	)	$	537,121
Restricted cash		38,781		419			—			—			39,200
Accounts receivable (net of allowance of $3,567)		—		32,632			15			—			32,647
Income tax receivable		7,684		—			—			—			7,684
Owned inventory		—		1,153,703			—			—			1,153,703
Consolidated inventory not owned		—		49,958			—			—			49,958
Investments in unconsolidated joint ventures		773		7,948			—			—			8,721
Deferred tax assets		7,779		—			—			—			7,779
Property, plant and equipment, net		—		23,995			—			—			23,995
Investments in subsidiaries		233,507		—			—			(233,507	)		—
Intercompany		846,471		(857,409	)		8,669			2,269			—
Other assets		20,434		17,163			4,497			—			42,094
Total assets	$	1,686,276	$	436,752		$	13,381		$	(233,507	)	$	1,902,902
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	53,418		$	—		$	—		$	53,418
Other liabilities		87,354		118,534			4,282			—			210,170
Intercompany		1,068		—			(1,068	)		—			—
Obligations related to consolidated inventory not owned		—		30,666			—			—			30,666
Total debt (net of discounts of $23,617)		1,200,753		10,794			—			—			1,211,547
Total liabilities		1,289,175		213,412			3,214			—			1,505,801
Stockholders’ equity		397,101		223,340			10,167			(233,507	)		397,101
Total liabilities and stockholders’ equity	$	1,686,276	$	436,752		$	13,381		$	(233,507	)	$	1,902,902

Beazer Homes USA, Inc.

Consolidating Statement of Operations Information

Fiscal Year Ended September 30, 2011

													Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating			Beazer Homes
	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
Total revenue	$	—		$	742,405		$	1,102		$	(1,102	)	$	742,405
Home construction and land sales expenses		46,382			616,571			—			(1,102	)		661,851
Inventory impairments and option contract abandonments		1,907			30,552			—			—			32,459
Gross (loss) profit		(48,289	)		95,282			1,102			—			48,095
Commissions		—			32,711			—			—			32,711
General and administrative expenses		—			137,261			115			—			137,376
Depreciation and amortization		—			10,253			—			—			10,253
Operating (loss) income		(48,289	)		(84,943	)		987			—			(132,245	)
Equity in loss of unconsolidated joint ventures		—			560			—			—			560
Gain on extinguishment of debt		(2,909	)		—			—			—			(2,909	)
Other (expense) income, net		(73,440	)		11,145			71			—			(62,224	)
(Loss) income before income taxes		(124,638	)		(73,238	)		1,058			—			(196,818	)
(Benefit from) provision for income taxes		(46,540	)		49,536			370			—			3,366
Equity in loss of subsidiaries		122,086			—			—			(122,086	)		—
Net (loss) income from continuing operations		(200,184	)		(122,774	)		688			122,086			(200,184	)
Net loss from discontinued operations		—			(4,672	)		(3	)		—			(4,675	)
Equity in loss of subsidiaries		(4,675	)		—			—			4,675			—
Net (loss) income	$	(204,859	)	$	(127,446	)	$	685		$	126,761		$	(204,859	)

Beazer Homes USA, Inc.

Consolidating Statement of Operations Information

Fiscal Year Ended September 30, 2010

													Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating			Beazer Homes
	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
Total revenue	$	—		$	989,350		$	1,802		$	—		$	991,152
Home construction and land sales expenses		52,243			805,714			—			—			857,957
Inventory impairments and option contract abandonments		2,313			47,253			—			—			49,566
Gross (loss) profit		(54,556	)		136,383			1,802			—			83,629
Commissions		—			43,279			—			—			43,279
General and administrative expenses		—			141,005			110			—			141,115
Depreciation and amortization		—			12,669			—			—			12,669
Operating (loss) income		(54,556	)		(60,570	)		1,692			—			(113,434	)
Equity in loss of unconsolidated joint ventures		—			(8,807	)		—			—			(8,807	)
Gain on extinguishment of debt		43,625			276			—			—			43,901
Other (expense) income, net		(74,215	)		4,551			79						(69,585	)
(Loss) income before income taxes		(85,146	)		(64,550	)		1,771			—			(147,925	)
(Benefit from) provision for income taxes		(32,143	)		(86,832	)		620						(118,355	)
Equity in income of subsidiaries		23,433			—						(23,433	)		—
Net (loss) income from continuing operations		(29,570	)		22,282			1,151			(23,433	)		(29,570	)
Net loss from discontinued operations		(4,479	)		—			—			4,479			—
Equity in loss of subsidiaries		—			(4,474	)		(5	)		—			(4,479	)
Net (loss) income	$	(34,049	)	$	17,808		$	1,146		$	(18,954	)	$	(34,049	)

Beazer Homes USA, Inc.

Consolidating Statement of Operations Information

Fiscal Year Ended September 30, 2009

												Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating		Beazer Homes
	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments		USA, Inc.
	(In thousands)
Total revenue	$	—		$	961,281		$	604		$	—	$	961,885
Home construction and land sales expenses		54,714			797,170			—			—		851,884
Inventory impairments and option contract abandonments		3,376			90,229			—			—		93,605
Gross (loss) profit		(58,090	)		73,882			604			—		16,396
Commissions		—			39,514			—			—		39,514
General and administrative expenses		—			181,737			104			—		181,841
Depreciation and amortization		—			18,289			—			—		18,289
Goodwill impairment		—			16,143			—			—		16,143
Operating (loss) income		(58,090	)		(181,801	)		500			—		(239,391	)
Equity in loss of unconsolidated joint ventures		—			(12,112	)		—			—		(12,112	)
Gain on extinguishment of debt		130,229			14,274			—			—		144,503
Other (expense) income, net		(83,031	)		8,313			(63	)		—		(74,781	)
(Loss) income before income taxes		(10,892	)		(171,326	)		437			—		(181,781	)
(Benefit from) provision for income taxes		(4,112	)		(4,391	)		153			—		(8,350	)
Equity in loss of subsidiaries		(166,651	)		—			—			166,651		—
Net (loss) income from continuing operations		(173,431	)		(166,935	)		284			166,651		(173,431	)
Net loss from discontinued operations		(15,952	)		—			—			15,952		—
Equity in loss of subsidiaries		—			(15,904	)		(48	)		—		(15,952	)
Net (loss) income	$	(189,383	)	$	(182,839	)	$	236		$	182,603	$	(189,383	)

Beazer Homes USA, Inc.

Consolidating Statement of Cash Flow Information

													Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating			Beazer Homes
Fiscal Year Ended September 30, 2011	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
Net cash provided by (used in) operating activities	$	(53,850	)	$	(126,090	)	$	1,004		$	—		$	(178,936	)
Cash flows from investing activities:
Capital expenditures		—			(20,514	)		—			—			(20,514	)
Investments in unconsolidated joint ventures		—			(1,924	)		—			—			(1,924	)
Increases in restricted cash		(249,728	)		(1,111	)		—			—			(250,839	)
Decreases in restricted cash		11,832			1,149			—			—			12,981
Net cash (used in) provided by investing activities		(237,896	)		(22,400	)		—			—			(260,296	)
Cash flows from financing activities:
Repayment of debt		(214,005	)		(1,371	)		—			—			(215,376	)
Proceeds from issuance of new debt		246,387			—			—			—			246,387
Proceeds from issuance of cash secured loan		247,368			—			—			—			247,368
Debt issuance costs		(5,172	)		—			—			—			(5,172	)
Common stock redeemed		(170	)		—			—			—			(170	)
Tax benefit from stock transactions		(523	)		—			—			—			(523	)
Dividends Paid		850			—			(850	)		—			—
Advances to/from subsidiaries		(153,113	)		152,006			64			1,043			—
Net cash provided by (used in) financing activities		121,622			150,635			(786	)		1,043			272,514
(Decrease)/increase in cash and cash equivalents		(170,124	)		2,145			218			1,043			(166,718	)
Cash and cash equivalents at beginning of period		530,847			8,343			200			(2,269	)		537,121
Cash and cash equivalents at end of period	$	360,723		$	10,488		$	418		$	(1,226	)	$	370,403

Beazer Homes USA, Inc.

Consolidating Statement of Cash Flow Information

													Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating			Beazer Homes
Fiscal Year Ended September 30, 2010	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
	(In thousands)
Net cash (used in) provided by operating activities	$	(88,344	)	$	159,953		$	(1,924	)	$	—		$	69,685
Cash flows from investing activities:
Capital expenditures		—			(10,849	)		—			—			(10,849	)
Investments in unconsolidated joint ventures		—			(5,602	)		—			—			(5,602	)
Increases in restricted cash		(36,345	)		(1,094	)		—			—			(37,439	)
Decreases in restricted cash		46,477			1,223									47,700
Net cash provided by (used in) investing activities		10,132			(16,322	)		—			—			(6,190	)
Cash flows from financing activities:
Repayment of debt		(616,858	)		(2,948	)		—			—			(619,806	)
Proceeds from issuance of new debt		373,238			1,200			—			—			374,438
Debt issuance costs		(9,234	)		—			—			—			(9,234	)
Proceeds from issuance of common stock		166,718			—			—			—			166,718
Proceeds from issuance of TEU prepaid		57,429			—			—			—			57,429
stock purchase contracts
Common stock redeemed		(159	)		—			—			—			(159	)
Excess tax benefit from equity-based compensation		(3,099	)		—			—			—			(3,099	)
Advances to/from subsidiaries		145,332			(145,022	)		(791	)		481			—
Net cash provided by (used in) financing activities		113,367			(146,770	)		(791	)		481			(33,713	)
Increase (decrease) in cash and cash equivalents		35,155			(3,139	)		(2,715	)		481			29,782
Cash and cash equivalents at beginning of period		495,692			11,482			2,915			(2,750	)		507,339
Cash and cash equivalents at end of period	$	530,847		$	8,343		$	200		$	(2,269	)	$	537,121

													Consolidated
	Beazer Homes			Guarantor			Non-Guarantor			Consolidating			Beazer Homes
Fiscal Year Ended September 30, 2009	USA, Inc.			Subsidiaries			Subsidiaries			Adjustments			USA, Inc.
Net cash provided by operating activities	$	29,731		$	60,587		$	3,507		$	—		$	93,825
Cash flows from investing activities:
Capital expenditures		—			(7,034	)		—			—			(7,034	)
Investments in unconsolidated joint ventures		—			(25,537	)		—			—			(25,537	)
Increases in restricted cash		(70,776	)		(1,392	)		—			—			(72,168	)
Decreases in restricted cash		22,450			554									23,004
Distributions from unconsolidated joint ventures		—			2,054			—			—			2,054
Net cash used in investing activities		(48,326	)		(31,355	)		—			—			(79,681	)
Cash flows from financing activities:
Repayment of debt		(284,153	)		(21,246	)		—			—			(305,399	)
Proceeds from debt issuance		223,750			—			—			—			223,750
Debt issuance costs		(7,195	)		—			—			—			(7,195	)
Common stock redeemed		(22	)		—			—			—			(22	)
Tax benefit from stock transactions		(2,273	)		—			—			—			(2,273	)
Advances to/from subsidiaries		8,324			(11,310	)		(597	)		3,583			—
Net cash (used in) provided by financing activities		(61,569	)		(32,556	)		(597	)		3,583			(91,139	)
(Decrease)/increase in cash and cash equivalents		(80,164	)		(3,324	)		2,910			3,583			(76,995	)
Cash and cash equivalents at beginning of period		575,856			14,806			5			(6,333	)		584,334
Cash and cash equivalents at end of period	$	495,692		$	11,482		$	2,915		$	(2,750	)	$	507,339