$ 254,555

$ 172,829

$ 634,746

$ 407,497

Inventory impairments and option contract abandonments

227,505

152,124

560,564

358,413

5,819

6,870

10,492

25,331

21,231

13,835

63,690

23,753

10,776

7,843

27,522

18,066

27,867

38,571

82,380

107,142

3,743

2,660

9,336

6,627

(21,155)

(35,239)

(55,548)

(108,082)

(25)

372

Loss from continuing operations before income taxes

(2,747)

(2,909)

Other expense, net

(16,804)

^[1]

(17,085)

^[1]

(53,342)

^[1]

(46,616)

^[1]

(37,911)

(52,166)

(111,662)

(157,235)

Provision for (benefit from) income taxes

145

3,589

(36,438)

570

(38,056)

(55,755)

(75,224)

(157,805)

(1,828)

(3,365)

(3,869)

(3,878)

Summary of Significant Accounting Policies

$ (39,884)

$ (59,120)

$ (79,093)

$ (161,683)

Weighted average number of shares:

Basic and Diluted

99,050

73,982

83,887

73,930

Basic and diluted loss per share:

Continuing Operations

$ (0.38)

$ (0.75)

$ (0.90)

$ (2.14)

Discontinued operations

$ (0.02)

$ (0.05)

$ (0.04)

$ (0.05)

Total

$ (0.40)

$ (0.80)

$ (0.94)

$ (2.19)

[1]	The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net loss	$ (79,093)	$ (161,683)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	9,371	7,033
Stock-based compensation expense	3,211	6,599
Inventory impairments and option contract abandonments	11,071	28,145
Impairment of future land purchase right	0	4,036
Deferred and other income tax benefit	(36,378)	(185)
Provision for doubtful accounts	(1,678)	161
Excess tax benefit from equity-based compensation	64	544
Equity in loss of unconsolidated entities	62	141
Cash distributions of income from unconsolidated entities	0	38
Loss on extinguishment of debt	2,747	2,343
Changes in operating assets and liabilities:
Decrease in accounts receivable	9,381	301
Decrease in income tax receivable	2,425	4,849
Decrease (increase) in inventory	4,091	(150,612)
Decrease in other assets	5,442	3,391
Increase in trade accounts payable	778	15,803
Decrease in other liabilities	(37,813)	(38,012)
Other changes	(93)	(510)
Net cash used in operating activities	(106,412)	(277,618)
Cash flows from investing activities:
Capital expenditures	(15,117)	(12,134)
Investments in unconsolidated entities	(2,075)	(1,763)
Return of capital from unconsolidated entities	440	0
Increases in restricted cash	(1,679)	(250,074)
Decreases in restricted cash	6,955	4,950
Net cash used in investing activities	(11,476)	(259,021)
Cash flows from financing activities:
Repayment of debt	(3,369)	(213,755)
Proceeds from issuance of new debt	0	246,387
Proceeds from issuance of cash secured loan	0	247,368
Debt issuance costs	(274)	(5,130)
Equity issuance costs	(1,296)	0
Settlement of unconsolidated entity debt obligation	(15,862)	0
Common stock redeemed	(34)	(163)
Excess tax benefit from equity-based compensation	(64)	(544)
Net cash (used in) provided by financing activities	(20,899)	274,163
Decrease in cash and cash equivalents	(138,787)	(262,476)
Cash and cash equivalents at beginning of period	370,403	537,121
Cash and cash equivalents at end of period	$ 231,616	$ 274,645

Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

The accompanying unaudited condensed consolidated financial statements of Beazer Homes USA, Inc. (Beazer Homes or the Company) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Such financial statements do not include all of the information and disclosures required by GAAP for complete financial statements. In our opinion, all adjustments (consisting primarily of normal recurring accruals) necessary for a fair presentation have been included in the accompanying financial statements. Certain items in prior period financial statements have been reclassified to conform to the current presentation. For further information and a discussion of our significant accounting policies other than as discussed below, refer to our audited consolidated financial statements appearing in the Beazer Homes’ Annual Report on Form 10-K for the fiscal year ended September 30, 2011 (the 2011 Annual Report). Over the past few years, we have discontinued homebuilding operations in certain of our markets. Results from our title services business and our exit markets are reported as discontinued operations in the accompanying unaudited condensed consolidated statements of operations for all periods presented (see Note 15 for further discussion of our Discontinued Operations). Our net loss is equivalent to our comprehensive loss. We evaluated events that occurred after the balance sheet date but before the financial statements were issued or were available to be issued for accounting treatment and disclosure.

Inventory Valuation — We assess our inventory assets no less than quarterly for recoverability in accordance with the policies as described in Notes 1 and 4 to the consolidated financial statements in our 2011 Annual Report. Our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities. Homebuilding inventories held for development are stated at cost (including direct construction costs, capitalized indirect costs, capitalized interest and real estate taxes) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. For those communities for which construction and development activities are expected to occur in the future or have been idled (land held for future development), all applicable interest and real estate taxes are expensed as incurred and the inventory is stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. We record assets held for sale at the lower of the carrying value or fair value less costs to sell.

Other Liabilities. Other liabilities include the following:



(In thousands)	June 30, 2012		September 30, 2011
Income tax liabilities	$	21,457	$	55,093
Accrued warranty expenses	16,034		17,916
Accrued interest	18,021		39,478
Accrued and deferred compensation	19,460		27,427
Customer deposits	9,743		5,868
Other	41,049		66,405
Total	$	125,764	$	212,187

Recent Accounting Pronouncements. In May 2011, the Financial Accounting Standard Board (FASB) issued ASU 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. ASU 2011-04 clarifies some existing concepts, eliminates wording differences between U.S. GAAP and International Financial Reporting Standards (IFRS), and in some limited cases, changes some principles to achieve convergence between U.S. GAAP and IFRS. ASU 2011-04 results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 also expands the disclosures for fair value measurements that are estimated using significant unobservable (Level 3) inputs. The adoption of ASU 2011-04 effective with our second quarter of fiscal 2012 did not have a material effect on our operating results or financial position.

Supplemental Cash Flow Elements [Abstract]

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Supplemental Cash Flow Information

9 Months Ended

Jun. 30, 2012

Supplemental Cash Flow Information



	Nine Months Ended
	June 30,
(In thousands)	2012			2011
Supplemental disclosure of non-cash activity:
Increase (decrease) in obligations related to land not owned under option agreements	$	640		$	(16,306	)
(Decrease) increase in future land purchase rights	(11,651		)	17,220
Contribution of future land purchase rights to unconsolidated entitites	11,651			—
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(55,308		)	—
Contribution of pre-owned net assets for investment in unconsolidated entity	(19,670		)	—
Non-cash land acquisitions	7,813			770
Issuance of stock under deferred bonus stock plans	—			65
Supplemental disclosure of cash activity:
Interest payments	109,691			106,609
Income tax payments	751			521
Tax refunds received	2,565			3,982

Equity Method Investments and Joint Ventures [Abstract]

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References+ Details

Investments in Unconsolidated Entities

9 Months Ended

Jun. 30, 2012

Investments in Unconsolidated Joint Ventures

Investments in Unconsolidated Entities

As of June 30, 2012, we participated in certain land development joint ventures and other unconsolidated entities in which Beazer Homes had less than a controlling interest. During the quarter ended June 30, 2012, the Company contributed cash and its Pre-owned rental homes business for an investment in an unconsolidated entity (see Note 13 for additional information). The following table presents our investment in our unconsolidated entities, the total equity and outstanding borrowings of these unconsolidated entities, and our guarantees of these borrowings, as of June 30, 2012 and September 30, 2011:



(In thousands)	June 30, 2012		September 30, 2011
Beazer’s investment in unconsolidated entities	$	41,587	$	9,467
Total equity of unconsolidated entity	383,616		96,966
Total outstanding borrowings of unconsolidated entities	67,959		394,414
Beazer’s estimate of its maximum exposure to our repayment guarantees	696		17,916

For the three and nine months ended June 30, 2012 and 2011, our income (loss) from unconsolidated entity activities, the impairments of our investments in certain of our unconsolidated entities, and the overall equity in income (loss) of unconsolidated entities is as follows:



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(In thousands)	2012			2011			2012			2011
Continuing operations:
Income (loss) from unconsolidated entity activity	$	48		$	63		$	(25	)	$	464
Impairment of unconsolidated entity investment	—			—			—			(92		)
Equity in income (loss) of unconsolidated entities - continuing operations	$	48		$	63		$	(25	)	$	372
Reported in loss from discontinued operations, net of tax:
Loss from unconsolidated entity activity	$	(1	)	$	(1	)	$	(1	)	$	(18	)
Impairment of unconsolidated entity investment	—			(163		)	(36		)	(495		)
Equity in loss of unconsolidated entities - discontinued operations	$	(1	)	$	(164	)	$	(37	)	$	(513	)

South Edge/Inspirada

On December 9, 2010, lenders filed an involuntary bankruptcy petition against the South Edge joint venture (South Edge), which was granted by the court in February 2011. Effective June 10, 2011, the Company and certain other joint venture members (the Participating Members) entered into a settlement agreement with the lenders. Based on the terms of the agreement, the Company paid the lenders $15.9 million during the nine months ended June 30, 2012 under the plan of reorganization.

The plan of reorganization resulted in the formation of a new joint venture called Inspirada, LLC (Inspirada), with the Participating Members constituting the members of the new venture. Inspirada took title to the South Edge assets including its real property and lien rights, and the debt to the lenders was extinguished upon payment by the Inspirada members, including the Company, of their obligations under the plan of reorganization. In connection with these payments by the Inspirada members, all the South Edge repayment guarantees were released. The Participating Members also acquired all claims of the lender and South Edge against the non-Participating Members. As a result of the plan of reorganization and the formation of Inspirada, our right to future land purchases is a component of our investment in Inspirada. As such, we have recorded an investment in Inspirada, which includes the $11.7 million we previously estimated for our future right to purchase land and our cash contributions to the joint venture, primarily for organization costs. For the nine months ended June 30, 2012, there was no impact to our net loss related to these transactions. In addition to our initial payment, we, as a member of the Inspirada joint venture, will have obligations for future infrastructure and other development costs. At this time, these costs cannot be quantified due to, among other things, uncertainty over the future development configuration of the project and the related costs, market conditions, uncertainty over the remaining infrastructure deposits and previously filed bankruptcies of other joint venture members. In addition, there are uncertainties with respect to the location and density of the land we will receive as a result of our investment in Inspirada, the products we will build on such land and the estimated selling prices of such homes. Because there are uncertainties with respect to development costs, the value of the lien rights or title to our share of the underlying property, we may be required to record adjustments to the carrying value of this Inspirada investment in future periods as better information becomes available.

Guarantees

Our land development joint ventures typically obtain secured acquisition, development and construction financing. Generally, Beazer and our land development joint ventures partners provide varying levels of guarantees of debt and other obligations for these unconsolidated entities. At June 30, 2012, these guarantees included, for certain unconsolidated entities, repayment guarantees and environmental indemnities.

As of June 30, 2012, we and our joint venture partners have a repayment guarantee related to one of our unconsolidated entity’s borrowings. This repayment guarantee requires the repayment of a portion of the debt of the unconsolidated entity in the event the unconsolidated entity defaults on its obligations under the borrowing. Our estimate of Beazer’s maximum exposure to this repayment guarantee related to the outstanding debt of the unconsolidated entity was $0.7 million at June 30, 2012. As of June 30, 2012, $0.7 million has been recorded in Other Liabilities related to our repayment guarantee. We and our joint venture partners also generally provide unsecured environmental indemnities to land development joint ventures project lenders. In each case, we have performed due diligence on potential environmental risks. These indemnities obligate us to reimburse the project lenders for claims related to environmental matters for which they are held responsible. During the nine months ended June 30, 2012 and 2011, we were not required to make any payments related to environmental indemnities.

In assessing the need to record a liability for the contingent aspect of these guarantees, we consider our historical experience in being required to perform under the guarantees, the fair value of the collateral underlying these guarantees and the financial condition of the applicable unconsolidated entities. In addition, we monitor the fair value of the collateral of these unconsolidated entities to ensure that the related borrowings do not exceed the specified percentage of the value of the property securing the borrowings. We have recorded a liability for guarantees we determined were probable and reasonably estimable, but we have not recorded a liability for the contingent aspects of any guarantees that we determined were reasonably possible but not probable.

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details

Inventory

9 Months Ended

Jun. 30, 2012

Real Estate [Abstract]

Inventory



(In thousands)	June 30, 2012		September 30, 2011
Homes under construction	$	316,117	$	277,331
Development projects in progress	384,991		424,055
Land held for future development	386,353		384,761
Land held for sale	10,852		12,837
Capitalized interest	45,373		45,973
Model homes	43,131		47,423
Total owned inventory	$	1,186,817	$	1,192,380

Homes under construction includes homes finished and ready for delivery and homes in various stages of construction. We had 137 ($28.5 million) and 334 ($59.3 million) substantially completed homes that were not subject to a sales contract (spec homes) at June 30, 2012 and September 30, 2011, respectively. Development projects in progress consist principally of land and land improvement costs. Certain of the fully developed lots in this category are reserved by a deposit or sales contract. Land held for future development consists of communities for which construction and development activities are expected to occur in the future or have been idled and are stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. All applicable interest and real estate taxes on land held for future development are expensed as incurred. Land held for sale in Unallocated and Other as of June 30, 2012 included land held for sale in the markets we have decided to exit including Jacksonville, Florida and Charlotte, North Carolina. Total owned inventory, by reportable segment, is set forth in the table below:



(In thousands)	Projects in Progress		Held for Future Development		Land Held for Sale		Total Owned Inventory
June 30, 2012
West Segment	$	284,805	$	318,349	$	2,592	$	605,746
East Segment	295,985		44,692		3,505		344,182
Southeast Segment	136,965		23,312		1,675		161,952
Unallocated & Other	71,857		—		3,080		74,937
Total	$	789,612	$	386,353	$	10,852	$	1,186,817
September 30, 2011
West Segment	$	294,208	$	318,732	$	2,681	$	615,621
East Segment	304,648		41,993		5,056		351,697
Southeast Segment	122,126		24,036		75		146,237
Unallocated & Other	73,800		—		5,025		78,825
Total	$	794,782	$	384,761	$	12,837	$	1,192,380

Inventory Impairments. When conducting our community level review for the recoverability of our homebuilding inventories held for development, we establish a quarterly “watch list” of communities with more than 10 homes remaining that carry profit margins in backlog and in our forecast that are below a minimum threshold of profitability. Assets on the quarterly watch list are subject to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold. For communities where the current competitive and market dynamics indicate that these factors may be other than temporary, which may call into question the recoverability of our investment, a formal impairment analysis is performed. The formal impairment analysis consists of both qualitative competitive market analyses and a quantitative analysis reflecting market and asset specific information.

In our impairment analyses for the quarter ended June 30, 2012, we have assumed limited market improvements in some communities beginning in fiscal 2014 and continuing improvement in these communities in subsequent years. For any communities scheduled to close out in fiscal 2013, we did not assume any market improvements. The discount rate used may be different for each community and ranged from 11.8% to 16.1% for the communities analyzed in the quarter ended June 30, 2012 and 14.6% to 16.3% for the quarter ended June 30, 2011. The following tables represent the results, by reportable segment of our community level review of the recoverability of our inventory assets held for development as of June 30, 2012, and 2011 ($ in thousands). We have elected to aggregate our disclosure at the reportable segment level because we believe this level of disclosure is most meaningful to the readers of our financial statements. The aggregate undiscounted cash flow fair value as a percentage of book value for the communities represented below is consistent with our expectations given our “watch list” methodology.



		Undiscounted Cash Flow Analyses Prepared
Segment	# of Communities on Watch List	# of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV
Quarter Ended June 30, 2012
West	5	1	$	6,196	81.3	%
East	4	1	7,144		57.1	%
Southeast	3	1	3,087		79.0	%
Unallocated	—	—	1,228		n/a
Total	12	3	$	17,655	72.4	%
Quarter Ended June 30, 2011
West	8	4	5,079		86.5	%
East	4	2	9,731		96.5	%
Southeast	1	1	5,259		44.0	%
Unallocated	—	—	1,564		n/a
Total	13	7	$	21,633	81.6	%

The table below summarizes the results of our discounted cash flow analysis for the three and nine months ended June 30, 2012 and 2011. The impairment charges below include impairments taken as a result of these discounted cash flow analyses and also impairment charges recorded for individual homes sold and in backlog with net contribution margins below a minimum threshold of profitability in communities that were not otherwise impaired through our discounted cash flow analyses. The estimated fair value of the impaired inventory is determined immediately after a community’s impairment.



($ in thousands)	Communities Impaired As a Result of Discounted Cash Flow Analyses Prepared
Segment	# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End		# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End
Quarter Ended June 30, 2012							Nine Months Ended June 30, 2012
West	1	65	$	1,590	$	4,680	2	116	$	3,788	$	11,058
East	1	68	3,122		4,050		2	93	3,809		7,342
Southeast	1	37	630		2,457		1	37	794		2,457
Unallocated	—	—	389		—		—	—	473		—
Continuing Operations	3	170	5,731		11,187		5	246	8,864		20,857
Discontinued Operations	—	—	42		—		—	—	60		—
Total	3	170	$	5,773	$	11,187	5	246	$	8,924	$	20,857

Quarter Ended June 30, 2011							Nine Months Ended June 30, 2011
West	4	153	$	1,571	$	4,223	9	831	$	17,556	$	31,924
East	1	41	759		5,637		1	41	988		5,637
Southeast	1	176	3,435		1,812		1	176	3,557		1,812
Unallocated	—	—	531		—		—	—	2,139		—
Continuing Operations	6	370	6,296		11,672		11	1,048	24,240		39,373
Discontinued Operations	—	—	—		—		—	—	215		—
Total	6	370	$	6,296	$	11,672	11	1,048	$	24,455	$	39,373

Our assumptions about future home sales prices and absorption rates require significant judgment because the residential homebuilding industry is cyclical and is highly sensitive to changes in economic conditions. During these periods, for certain communities we determined that it was prudent to reduce sales prices or further increase sales incentives in response to factors including competitive market conditions in those specific submarkets for the product and locations of these communities. Because the projected cash flows used to evaluate the fair value of inventory are significantly impacted by changes in market conditions including decreased sales prices, the change in sales prices and changes in absorption estimates based on current market conditions and management’s assumptions relative to future results led to impairments in three communities during the quarter ended June 30, 2012. During the quarter ended June 30, 2011, discrete changes in our revenue and absorption estimates for certain communities due to pricing reductions in response to competitor actions and local market conditions led to impairments in six communities. Market deterioration that exceeds our estimates may lead us to incur additional impairment charges on previously impaired homebuilding assets in addition to homebuilding assets not currently impaired but for which indicators of impairment may arise if the market continues to deteriorate.

The year-to-date impairments on land held for sale below represent further write downs of these properties to net realizable value, less estimated costs to sell and are as a result of challenging market conditions and our review of recent comparable transactions. The negative impairments indicated below are due to adjustments to accruals for estimated selling costs related to either our strategic decision to develop a previously held-for-sale land position or revised estimates based on pending sales transactions. Our assumptions about land sales prices require significant judgment because the current market is highly sensitive to changes in economic conditions. We calculated the estimated fair values of land held for sale based on current market conditions and assumptions made by management, which may differ materially from actual results and may result in additional impairments if market conditions continue to deteriorate.

Also, we have determined the proper course of action with respect to a number of communities within each homebuilding segment was to abandon the remaining lots under option and to write-off the deposits securing the option takedowns, as well as pre-acquisition costs. In determining whether to abandon a lot option contract, we evaluate the lot option primarily based upon the expected cash flows from the property that is the subject of the option. If we intend to abandon or walk-away from a lot option contract, we record a charge to earnings in the period such decision is made for the deposit amount and any related capitalized costs associated with the lot option contract. We recorded lot option abandonment charges during the three and nine months ended June 30, 2012 and 2011 as indicated in the table below. The abandonment charges relate to our decision to abandon certain option contracts that no longer fit in our long-term strategic plan.

The following table sets forth, by reportable homebuilding segment, the inventory impairments and lot option abandonment charges recorded for the three and nine months ended June 30, 2012 and 2011 (in thousands) :



	Quarter Ended June 30,				Nine Months Ended June 30,
	2012		2011		2012		2011
Development projects and homes in process (Held for Development)
West	$	1,590	$	1,571	$	3,788	$	17,556
East	3,122		759		3,809		988
Southeast	630		3,435		794		3,557
Unallocated	389		531		473		2,139
Subtotal	$	5,731	$	6,296	$	8,864	$	24,240
Land Held for Sale
West	$	—	$	—	$	—	$	(51	)
East	—		—		—		—
Southeast	—		—		208		169
Subtotal	$	—	$	—	$	208	$	118
Lot Option Abandonments
West	$	19	$	32	$	191	$	116
East	10		462		574		595
Southeast	59		80		653		262
Unallocated	—		—		2		—
Subtotal	$	88	$	574	$	1,420	$	973
Continuing Operations	$	5,819	$	6,870	$	10,492	$	25,331
Discontinued Operations
Held for Development	$	42	$	—	$	60	$	215
Land Held for Sale	503		17		503		74
Lot Option Abandonments	—		2,477		16		2,525
Subtotal	$	545	$	2,494	$	579	$	2,814
Total Company	$	6,364	$	9,364	$	11,071	$	28,145

Lot Option Agreements and Variable Interest Entities (VIE). As previously discussed, we also have access to land inventory through lot option contracts, which generally enable us to defer acquiring portions of properties owned by third parties and unconsolidated entities until we have determined whether to exercise our lot option. A majority of our lot option contracts require a non-refundable cash deposit or irrevocable letter of credit based on a percentage of the purchase price of the land for the right to acquire lots during a specified period of time at a certain price. Under lot option contracts, purchase of the properties is contingent upon satisfaction of certain requirements by us and the sellers. Our liability under option contracts is generally limited to forfeiture of the non-refundable deposits, letters of credit and other non-refundable amounts incurred, which aggregated approximately $24.7 million at June 30, 2012. The total remaining purchase price, net of cash deposits, committed under all options was $197.3 million as of June 30, 2012. We expect to exercise, subject to market conditions and seller satisfaction of contract terms, most of our remaining option contracts. Various factors, some of which are beyond our control, such as market conditions, weather conditions and the timing of the completion of development activities, will have a significant impact on the timing of option exercises or whether lot options will be exercised.

For the VIEs in which we are the primary beneficiary of the VIE, we have consolidated the VIE and reflected such assets and liabilities as land not owned under option agreements in our balance sheets. For VIEs we were required to consolidate, we recorded the remaining contractual purchase price under the applicable lot option agreement to land not owned under option agreements with an offsetting increase to obligations related to land not owned under option agreements. Also, to reflect the purchase price of this inventory consolidated, we reclassified the related option deposits from land under development to land not owned under option agreement in the accompanying unaudited condensed consolidated balance sheets. Consolidation of these VIEs has no impact on the Company’s results of operations or cash flows.

The following provides a summary of our interests in lot option agreements as of June 30, 2012 and September 30, 2011 (in thousands):



	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of June 30, 2012
Consolidated VIEs	$	7,191	$	3,347	$	10,537
Other consolidated lot option agreements (a)	859		2,682		$	3,541
Unconsolidated lot option agreements	16,601		191,272		—
Total lot option agreements	$	24,651	$	197,301	$	14,078
As of September 30, 2011
Consolidated VIEs	$	6,201	$	1,214	$	7,415
Other consolidated lot option agreements (a)	164		4,175		4,338
Unconsolidated lot option agreements	13,732		219,841		—
Total lot option agreements	$	20,097	$	225,230	$	11,753


(a)	Represents lot option agreements with non-VIE entities that we have deemed to be “financing arrangements” pursuant to ASC 470-40, Product Financing Arrangements.

Real Estate Inventory Capitalized Interest Costs [Abstract]

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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Interest

9 Months Ended

Jun. 30, 2012

Interest

Our ability to capitalize all interest incurred during the three and nine months ended June 30, 2012 and 2011 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Capitalized interest in inventory, beginning of period	$	47,242		$	47,624		$	45,973		$	36,884
Interest incurred	31,235			32,872			95,950			98,175
Capitalized interest impaired	(222		)	(380		)	(275		)	(1,789		)
Interest expense not qualified for capitalization and included as other expense	(17,233		)	(17,707		)	(55,147		)	(55,688		)
Capitalized interest amortized to house construction and land sales expenses	(15,649		)	(11,179		)	(41,128		)	(26,352		)
Capitalized interest in inventory, end of period	$	45,373		$	51,230		$	45,373		$	51,230

Earnings Per Share	9 Months Ended
Earnings Per Share	Jun. 30, 2012
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share All outstanding common stock equivalents were excluded from the diluted loss per share calculations for the three and nine months ended June 30, 2012 and 2011 because the effect of their inclusion would be antidilutive, or would decrease the reported loss per share. The computation of basic loss per share for the nine months ended June 30, 2012 includes approximately 9.7 million weighted average shares outstanding related to the exchange of our Mandatory Convertible Subordinated Notes and Tangible Equity Units (TEUs) discussed below. During the quarter ended March 31, 2012, we exchanged 11.0 million shares of our common stock for $48.1 million of our Mandatory Convertible Subordinated Notes and 13.8 million shares of our common stock for 2.8 million TEUs comprised of prepaid stock purchase contracts and senior amortizing notes. As of June 30, 2012, there is $9.4 million of Mandatory Convertible Subordinated Notes and 0.2 million TEUs outstanding (including $0.4 million of amortizing notes). If these instruments were converted at the maximum settlement factor under their respective agreements, we would be required to issue approximately 2.8 million shares of common stock to the instrument holders upon conversion. See Note 7 below for additional information related to the March 2012 respective conversion transactions.

The entire disclosure for earnings per share.

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Borrowings

9 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Borrowings

At June 30, 2012 and September 30, 2011 we had the following long-term debt (in thousands):



	Maturity Date	June 30, 2012			September 30, 2011
6 7/8% Senior Notes	July 2015	$	172,454		$	172,454
8 1/8% Senior Notes	June 2016	172,879			172,879
12% Senior Secured Notes	October 2017	250,000			250,000
9 1/8% Senior Notes	June 2018	300,000			300,000
9 1/8% Senior Notes	May 2019	250,000			250,000
TEU Senior Amortizing Notes	August 2013	392			10,062
Unamortized debt discounts		(20,348		)	(23,243		)
Total Senior Notes, net		1,125,377			1,132,152
Mandatory Convertible Subordinated Notes	January 2013	9,402			57,500
Junior subordinated notes	July 2036	51,087			49,537
Cash Secured Loan	November 2017	247,368			247,368
Other secured notes payable	Various Dates	9,173			2,269
Total debt, net		$	1,442,407		$	1,488,826

Secured Revolving Credit Facility — In July 2011, we entered into an amendment to extend the maturity of our $22 million Secured Revolving Credit Facility to August 2012. The Secured Revolving Credit Facility is provided by one lender. The Secured Revolving Credit Facility provides for future working capital and letter of credit needs collateralized by either cash or assets of the Company at our option, based on certain conditions and covenant compliance. As of June 30, 2012, we were in compliance with all such covenants. We have elected to cash collateralize all letters of credit; however, as of June 30, 2012, we have pledged approximately $1.0 billion of inventory assets to our Senior Secured Revolving Credit Facility to collateralize potential future borrowings or letters of credit. The Secured Revolving Credit Facility contains certain covenants, including negative covenants and financial maintenance covenants, with which we are required to comply. Subject to our option to cash collateralize our obligations under the Secured Revolving Credit Facility upon certain conditions, our obligations under the Secured Revolving Credit Facility are secured by liens on substantially all of our personal property and a significant portion of our owned real properties. There were no outstanding borrowings under the Secured Revolving Credit Facility as of June 30, 2012 or September 30, 2011.

We have entered into stand-alone, cash-secured letter of credit agreements with banks to maintain our pre-existing letters of credit and to provide for the issuance of new letters of credit. The letter of credit arrangements combined with our Secured Revolving Credit Facility provide a total letter of credit capacity of approximately $92.0 million. As of June 30, 2012 and September 30, 2011, we have secured letters of credit using cash collateral in restricted accounts totaling $23.8 million and $28.9 million, respectively. The Company may enter into additional arrangements to provide additional letter of credit capacity.

Senior Notes — The majority of our Senior Notes are unsecured or secured obligations ranking pari passu with all other existing and future senior indebtedness. Substantially all of our significant subsidiaries are full and unconditional guarantors of the Senior Notes and are jointly and severally liable for obligations under the Senior Notes and the Secured Revolving Credit Facility. Each guarantor subsidiary is a 100% owned subsidiary of Beazer Homes. As of June 30, 2012, we were in compliance with all covenants under our Senior Notes.

The indentures under which the Senior Notes were issued contain certain restrictive covenants, including limitations on payment of dividends. At June 30, 2012, under the most restrictive covenants of each indenture, no portion of our retained earnings was available for cash dividends or for share repurchases. The indentures provide that, in the event of defined changes in control or if our consolidated tangible net worth falls below a specified level or in certain circumstances upon a sale of assets, we are required to offer to repurchase certain specified amounts of outstanding Senior Notes. Specifically, certain indentures require us to offer to purchase 10% of the original amount of the Senior Notes at par if our consolidated tangible net worth (defined as stockholders’ equity less intangible assets) is less than $85 million at the end of any two consecutive fiscal quarters. If triggered and fully subscribed, this could result in our having to purchase $62.5 million of notes, based on the original amounts of the applicable notes; however, this amount may be reduced by certain Senior Note repurchases (potentially at less than par) made after the triggering date. As of June 30, 2012, our consolidated tangible net worth was $141.2 million.

In November 2010, we issued $250 million aggregate principal amount of 9 1/8% Senior Notes due May 15, 2019 in a private placement. Interest on these notes is payable semi-annually in cash in arrears, commencing on May 15, 2011. These notes are unsecured and rank equally with our unsecured indebtedness. We may, at our option, redeem the 9 1/8% Senior Notes in whole or in part at any time at specified redemption prices which include a “make whole” provision through May 15, 2014. During fiscal year 2011, we offered to exchange substantially all of the $250 million 9 1/8% Senior Notes due 2019 for notes that were publically traded and registered under the Securities Act of 1933. Approximately $250 million of the 9 1/8% Senior Notes were exchanged for the publically traded and registered 9 1/8% Senior Notes during the fourth quarter of fiscal 2011.

During fiscal 2011, we redeemed or repurchased in open market transactions $209.5 million principal amount of our Senior Notes ($164.5 million of 6¹/2% Senior Notes due 2013, $37.0 million of 6 7/8% Senior Notes due 2015 and $8.0 million of 8 1/8% Senior Notes due 2016). The aggregate purchase price was $210.0 million, plus accrued and unpaid interest as of the purchase date. The redemption/repurchase of the notes resulted in a $2.9 million pre-tax loss on extinguishment of debt, net of unamortized discounts and debt issuance costs related to these notes. All Senior Notes redeemed/repurchased by the Company were cancelled.

Senior Notes: Tangible Equity Units — In May 2010, we issued 3 million 7.25% TEUs which were comprised of prepaid stock purchase contracts and senior amortizing notes. As these two components of the TEUs are legally separate and detachable, we have accounted for the two components as separate items for financial reporting purposes and valued them based on their relative fair value at the date of issuance. The amortizing notes are unsecured senior obligations and rank equally with all of our other unsecured indebtedness and had an aggregate initial principal amount of $15.7 million as determined under the relative fair value method. Outstanding notes pay quarterly installments of principal and interest through August 15, 2013, and in the aggregate, these installments will be equivalent to a 7.25% cash payment per year with respect to each $25 stated amount of the TEUs. The prepaid stock purchase contracts were originally accounted for as equity (additional paid in capital) and recorded at $57.4 million, the initial fair value of these contracts based on the relative fair value method.

During the quarter ended March 31, 2012, we exchanged 13.8 million shares of our common stock for 2.8 million TEUs (comprised of prepaid stock purchase contracts and $7.2 million of senior amortizing notes). Since our offer to convert the TEUs included a premium share component and was not pursuant to the instrument's original conversion terms, we accounted for the exchange as an induced conversion of the TEUs. We compared the fair value of the common stock issued to the fair value of the TEU instruments at the date of acceptance in order to determine the premium of the consideration. This premium was then allocated between the debt and equity components of the TEUs based on each components relative fair value. The difference between the implied fair value of the amortizing notes (including the premium allocation) and the carrying value of the amortizing notes was recognized as a loss on extinguishment of debt during the quarter ended March 31, 2012 and totaled approximately $0.7 million. The remaining related prepaid stock purchase contracts will be settled in Beazer Homes’ common stock on August 15, 2013.

Mandatory Convertible Subordinated Notes — On January 12, 2010, we issued $57.5 million aggregate principal amount of 7 1/2% Mandatory Convertible Subordinated Notes due 2013 (the Mandatory Convertible Subordinated Notes). Interest on the Mandatory Convertible Subordinated Notes is payable quarterly in cash in arrears. Holders of the Mandatory Convertible Subordinated Notes have the right to convert their notes, in whole or in part, at any time prior to maturity, into shares of our common stock at a fixed conversion rate of 5.4348 shares per $25 principal amount of notes.

During the quarter ended March 31, 2012, we exchanged 11.0 million shares of our common stock for $48.1 million of our Mandatory Convertible Subordinated Notes. Since our offer to convert these notes included a premium share component, we accounted for the exchange as an induced conversion of these notes. We recognized a $2.0 million inducement expense equal to the fair value of the premium shares issued based on our common stock price as of the date of acceptance. This expense is included in loss on extinguishment of debt for the nine months ended June 30, 2012.

At maturity, the remaining $9.4 million of outstanding notes will automatically convert into the Company’s common stock at a defined conversion rate which will range from 4.4547 to 5.4348 (the initial conversion rate) shares per $25 principal amount of notes based on the then current price of the common stock. The securities are subordinated to nonconvertible debt, the conversion feature is non-detachable and there are no beneficial conversion features associated with this debt. If our consolidated tangible net worth is less than $85 million as of the last day of a fiscal quarter, the Company has the right to require holders to convert all of the notes then outstanding for shares of our common stock at the maximum conversion rate plus a conversion premium as described in the agreement.

Junior Subordinated Notes — On June 15, 2006, we completed a private placement of $103.1 million of unsecured junior subordinated notes which mature on July 30, 2036, are redeemable at par and pay a fixed rate of 7.987% for the first ten years ending July 30, 2016. Thereafter, the securities have a floating interest rate equal to three-month LIBOR plus 2.45% per annum, resetting quarterly. These notes were issued to Beazer Capital Trust I, which simultaneously issued, in a private transaction, trust preferred securities and common securities with an aggregate value of $103.1 million to fund its purchase of these notes. The transaction is treated as debt in accordance with GAAP. The obligations relating to these notes and the related securities are subordinated to the Secured Revolving Credit Facility and the Senior Notes.

On January 15, 2010, we completed an exchange of $75 million of our trust preferred securities issued by Beazer Capital Trust I for a new issue of $75 million of junior subordinated notes due July 30, 2036 issued by the Company (the New Junior Notes). The exchanged trust preferred securities and the related junior subordinated notes issued in 2006 were cancelled effective January 15, 2010. The material terms of the New Junior Notes are identical to the terms of the original trust securities except that when the New Junior Notes change from a fixed rate to a variable rate in August 2016, the variable rate is subject to a floor of 4.25% and a cap of 9.25%. In addition, the Company now has the option to redeem the New Junior Notes beginning on June 1, 2012 at 75% of par value and beginning on June 1, 2022, the redemption price of 75% of par value will increase by 1.785% per year.

The aforementioned exchange has been accounted for as an extinguishment of debt as there has been a significant modification of cash flows and, as such, the New Junior Notes were recorded at their estimated fair value at the exchange date. Over the remaining life of the New Junior Notes, we will increase their carrying value until this carrying value equals the face value of the notes. As of June 30, 2012, the unamortized accretion was $49.7 million and will be amortized over the remaining life of the notes.

As of June 30, 2012, we were in compliance with all covenants under our Junior Notes.

Cash Secured Loans — In November 2010, we entered into two separate loan facilities for a combined total of $275 million. Borrowing under the cash secured loan facilities will replenish cash used to repay or repurchase the Company’s debt and would be considered “refinancing indebtedness” under certain of the Company’s existing indentures and debt covenants. However, because the loans are fully collateralized by cash equal to the loan amount, the loans do not provide liquidity to the Company.

The lenders of these facilities may put the outstanding loan balances to the Company at the two or four year anniversaries of the loan. The loan matures in seven years. Borrowings under the facilities are fully secured by cash held by the lender or its affiliates. This secured cash is reflected as restricted cash on our unaudited condensed consolidated balance sheet as of June 30, 2012. We borrowed $32.6 million at inception of the loans. As previously indicated and in order to protect financing capacity available under our covenant refinancing basket related to previous or future debt repayments, we borrowed an additional $214.8 million under the cash secured loan facilities in the quarter ended June 30, 2011, bringing the aggregated outstanding cash secured term loans to $247.4 million. The cash secured loan has an interest rate equivalent to LIBOR plus 0.4% per annum which is paid every three months following the effective date of each borrowing.

Other Secured Notes Payable — We periodically acquire land through the issuance of notes payable. As of June 30, 2012 and September 30, 2011, we had outstanding notes payable of $9.2 million and $2.3 million respectively, primarily related to land acquisitions. These notes payable have varying expiration dates between 2012 and 2019 and have a weighted average fixed rate of 4.34% at June 30, 2012. These notes are secured by the real estate to which they relate.

The agreements governing these secured notes payable contain various affirmative and negative covenants. There can be no assurance that we will be able to obtain any future waivers or amendments that may become necessary without significant additional cost or at all. In each instance, however, a covenant default can be cured by repayment of the indebtedness.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Income Taxes	9 Months Ended
Income Taxes	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three and nine months ended June 30, 2012, our non-cash tax provision (benefit) from continuing operations was $0.1 million and $(36.4) million, respectively primarily related to a change in our prior year’s unrecognized tax benefits. For the three months ended June 30, 2012, our unrecognized tax benefits increased by $0.1 million and for the nine months ended June 30, 2012, our unrecognized tax benefits decreased by $27.6 million, as the result of tax planning and the close of prior year statute of limitations. In addition, our total income tax benefit for the nine months ended June 30, 2012 includes the decrease in the interest accrual related to this tax benefit. As of June 30, 2012 and September 30, 2011, respectively, we had $2.4 million and $8.2 million of accrued interest and penalties related to our unrecognized tax benefits. Our federal income tax returns for fiscal years 2007 through 2011, and certain state income tax returns for various fiscal years are under routine examination. The final outcome of these examinations is not yet determinable and therefore the change in our unrecognized tax benefits that could occur within the next 12 months cannot be estimated at this time. During fiscal 2008, we determined that we did not meet the more likely than not standard that substantially all of our deferred tax assets would be realized and therefore, we established a valuation allowance for substantially all of our deferred tax assets. Given the prolonged economic downturn affecting the homebuilding industry and the continued uncertainty regarding the recoverability of the remaining deferred tax assets, we continue to believe that a valuation allowance is needed for substantially all of our deferred tax assets. In future periods, the allowance could be modified based on sufficient evidence indicating that more likely than not a portion of our deferred tax assets will be realized. Changes in existing tax laws could also affect actual tax results and the valuation of deferred tax assets over time. Further, we experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code (Section 382) as of January 12, 2010. Section 382 contains rules that limit the ability of a company that undergoes an “ownership change” to utilize its net operating loss carryforwards (NOLs) and certain built-in losses or deductions recognized during the five-year period after the ownership change to offset future taxable income. Therefore, our ability to utilize our pre-ownership change net operating loss carryforwards and recognize certain built-in losses or deductions is limited by Section 382 to an estimated maximum amount of approximately $11.4 million ($4 million tax-effected) annually. Certain deferred tax assets are not subject to any limitation imposed by Section 382. Due to a combination of Section 382 limitations and the maximum 20-year carryforward of our NOLs, we will be unable to fully recognize certain deferred tax assets. As a result, as of June 30, 2012, our valuation allowance was $489.4 million and we expect to continue to add to our gross deferred tax assets for anticipated NOLs that will not be limited by Section 382.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Commitments and Contingencies Disclosure [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Contingencies

9 Months Ended

Jun. 30, 2012

Contingencies

Beazer Homes and certain of its subsidiaries have been and continue to be named as defendants in various construction defect claims, complaints and other legal actions. The Company is subject to the possibility of loss contingencies arising in its business. In determining loss contingencies, we consider the likelihood of loss as well as the ability to reasonably estimate the amount of such loss or liability. An estimated loss is recorded when it is considered probable that a liability has been incurred and when the amount of loss can be reasonably estimated.

Warranty Reserves. We currently provide a limited warranty (ranging from one to two years) covering workmanship and materials per our defined performance quality standards. In addition, we provide a limited warranty (generally ranging from a minimum of five years up to the period covered by the applicable statute of repose) covering only certain defined construction defects. We also provide a defined structural element warranty with single-family homes and townhomes in certain states.

Since we subcontract our homebuilding work to subcontractors whose contracts generally include an indemnity obligation and a requirement that certain minimum insurance requirements be met, including providing us with a certificate of insurance prior to receiving payments for their work, many claims relating to workmanship and materials are the primary responsibility of the subcontractors.

Warranty reserves are included in other liabilities and the provision for warranty accruals is included in home construction and land sales expenses in the unaudited condensed consolidated financial statements. We record reserves covering anticipated warranty expense for each home closed. Management reviews the adequacy of warranty reserves each reporting period based on historical experience and management’s estimate of the costs to remediate the claims and adjusts these provisions accordingly. Our review includes a quarterly analysis of the historical data and trends in warranty expense by operating segment. An analysis by operating segment allows us to consider market specific factors such as our warranty experience, the number of home closings, the prices of homes, product mix and other data in estimating our warranty reserves. In addition, our analysis also contemplates the existence of any non-recurring or community-specific warranty related matters that might not be contemplated in our historical data and trends.

As of June 30, 2012, we have identified 60 homes in Florida where certain of our subcontractors installed defective Chinese drywall in homes that were delivered during our 2006 and 2007 fiscal years. As of June 30, 2012, we have completed repairs on approximately 97% of these homes and we are in the process of repairing the remaining homes we have been given permission to repair. Our warranty reserves as of June 30, 2012 include an estimate for the repair of these homes. As needed, we will continue to inspect additional homes in order to determine whether they also contain the defective Chinese drywall.

Like most major homebuilders, we contract for many of our construction activities on a turnkey basis, including the purchase and installation of drywall. With few exceptions, our contractors purchased the drywall from independent suppliers, and then delivered and installed this drywall into Beazer’s homes. Much of the supplier data is unavailable or inconclusive. Accordingly, it is difficult for the Company to determine which suppliers were used by these contractors, which suppliers provided defective Chinese drywall during the time period at issue or what amounts may have been purchased from such suppliers. As a result, the Company is unable to determine which Beazer communities or particular homes had Chinese drywall installed without inspections, and accordingly, the amount of additional liability, if any, is not reasonably estimable. Therefore, the outcome of inspections in process and potential future inspections, or an unexpected increase in repair costs, may require us to increase our warranty reserve in the future. In addition, the Company has been named as a defendant in a number of legal actions related to defective Chinese drywall (see Litigation below).

During the nine months ended June 30, 2012, we received an $11 million recovery related to water intrusion warranty and legal expenses incurred in prior years. We recognized this recovery as a reduction of home construction and land sales expenses.

As a result of our quarterly analyses, we adjust our estimated warranty liabilities if required. While we believe our warranty reserves are adequate as of June 30, 2012, historical data and trends may not accurately predict actual warranty costs or future developments could lead to a significant change in the reserve. Our warranty reserves are as follows (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Balance at beginning of period	$	16,133		$	18,699		$	17,916		$	25,821
Accruals for warranties issued	1,963			1,344			5,191			3,158
Changes in liability related to warranties existing in prior periods	(565		)	(504		)	(1,916		)	(3,187		)
Payments made	(1,497		)	(2,285		)	(5,157		)	(8,538		)
Balance at end of period	$	16,034		$	17,254		$	16,034		$	17,254

Litigation

On June 3, 2009, Beazer Homes Corp. was named as a defendant in a purported class action lawsuit in the Circuit Court for Lee County, State of Florida, filed by Bryson and Kimberly Royal, the owners of one of our homes in our Magnolia Lakes' community in Ft. Myers, Florida. The complaint names the Company and certain distributors and suppliers of drywall and was on behalf of the named plaintiffs and other similarly situated owners of homes in Magnolia Lakes or alternatively in the State of Florida. The plaintiffs allege that the Company built their homes with defective drywall, manufactured in China that contains sulfur compounds that allegedly corrode certain metals and that are allegedly capable of harming the health of individuals. Plaintiffs allege physical and economic damages and seek legal and equitable relief, medical monitoring and attorney's fees. This case has been transferred to the Eastern District of Louisiana pursuant to an order from the United States Judicial Panel on Multidistrict Litigation. In addition, the Company has been named in other multi-plaintiff complaints filed in the multidistrict litigation and individual state court actions. We believe that the claims asserted in these actions are governed by home warranties or are without merit. Accordingly, the Company intends to vigorously defend against these actions. The Company has offered to repair all of these homes pursuant to a repair protocol that has been adopted by the multidistrict litigation court, including those homes involved in litigation. To date, the owners of all but two of the affected homes have accepted the Company's offer to repair. Furthermore, the Company has agreed to participate in a global class settlement with the plaintiff class counsel and numerous other defendants in the multidistrict litigation, which if approved by the Court, would resolve all claims, including future claims, against Beazer related to Chinese drywall, except those by persons or entities that opt out of the settlement. To the extent necessary, the Company intends to vigorously defend against those opt out actions. The Company also continues to pursue recovery against responsible subcontractors, drywall suppliers and drywall manufacturers for its repair costs.

From 1998 through 2008 Beazer Mortgage Corporation (BMC), a wholly owned subsidiary of the Company, originated mortgage loans for a portion of the Company's homebuyers. The bulk of these loans were funded by unaffiliated lenders or, to the extent initially funded by BMC, promptly sold to third party lenders and investors. We believe a large number of such loans were ultimately acquired by government sponsored entities such as the Federal National Mortgage Association (Fannie Mae). In general, underwriting decisions were not made by BMC but by the lender/investors themselves or third-party service providers. BMC is involved in litigation with one of these lenders in which the lender is seeking to recover losses allegedly sustained on such loans. On March 14, 2011, the Company and several subsidiaries were named as defendants in a lawsuit filed by Flagstar Bank, FSB in the Circuit Court for the County of Oakland, State of Michigan. The complaint demands approximately $8.7 million to recover purported losses in connection with 73 residential mortgage loan transactions under theories of breach of contract, fraud/intentional misrepresentation and other similar theories of recovery. We believe we have strong defenses to the claims on these individual loans and intend to vigorously defend the action.

In addition, three other investors have demanded that BMC indemnify them for losses suffered with respect to other mortgage loans or repurchase such loans, largely alleging misrepresentations by the borrowers or defects in the loan origination process. We are currently investigating each of these claims and are in communications with the investors. To date, including the mortgage loans that are the subject of the lawsuit described above, we have active requests to repurchase fewer than 100 mortgage loans. While we have not been required to repurchase any of such mortgage loans, there can be no assurance that once all documentation and facts are investigated that BMC will not agree to, or be obligated to, repurchase some or all of such loans. Previously, we established an immaterial amount as a reserve for the repurchase of mortgage loans originated by BMC. BMC did not service the loans it originated and accordingly information regarding loan performance and the underwriting process is limited or difficult to obtain. At this time, we do not believe that the exposure related to any such additional claims would be material to our consolidated financial position or results of operation. However, given the increasing focus on this issue generally, potential actions of government sponsored entities and the uncertainties regarding resolution of each claim, we cannot rule out the potential for additional mortgage loan repurchase claims in the future, potential liability for some or all of these claims or changes in our assessment of these claims which may result in establishment of additional reserves that may or may not be material. However, as of June 30, 2012 , no liability has been recorded for any such additional claims as such exposure is not reasonable estimable.

We cannot predict or determine the timing or final outcome of the lawsuits or the effect that any adverse findings or determinations in the pending lawsuits may have on us. In addition, an estimate of possible loss or range of loss, if any, cannot presently be made with respect to certain of the above pending matters. An unfavorable determination in any of the pending lawsuits could result in the payment by us of substantial monetary damages which may not be fully covered by insurance. Further, the legal costs associated with the lawsuits and the amount of time required to be spent by management and the Board of Directors on these matters, even if we are ultimately successful, could have a material adverse effect on our business, financial condition and results of operations.

Other Matters

As disclosed in our 2009 Form 10-K, on July 1, 2009, the Company announced that it has resolved the criminal and civil investigations by the United States Attorney’s Office in the Western District of North Carolina (the U.S. Attorney) and other state and federal agencies concerning matters that were the subject of the independent investigation, initiated in April 2007 by the Audit Committee of the Board of Directors (the Investigation) and concluded in May 2008. Under the terms of a deferred prosecution agreement (DPA), the Company’s liability for each of the fiscal years after 2010 through a portion of fiscal 2014 (unless extended as previously described in our 2009 Form 10-K) will be equal to 4% of the Company’s adjusted EBITDA (as defined in the DPA). The total amount of such obligations will be dependent on several factors; however, the maximum liability under the DPA and other settlement agreements discussed above will not exceed $55.0 million, of which $16 million has been paid as of June 30, 2012. Positive adjusted EBITDA in future years will require us to incur additional expense in the future.

In 2006, we received two Administrative Orders issued by the New Jersey Department of Environmental Protection. The Orders allege certain violations of wetlands disturbance permits and assess proposed fines of $630,000 and $678,000, respectively. We have met with the Department to discuss their concerns on the two affected communities and have requested hearings on both matters. Although we believe that we have significant defenses to the alleged violations, we have made a settlement proposal to the Department that is currently under consideration.

We and certain of our subsidiaries have been named as defendants in various claims, complaints and other legal actions, most relating to construction defects, moisture intrusion and product liability. Certain of the liabilities resulting from these actions are covered in whole or part by insurance. In our opinion, based on our current assessment, the ultimate resolution of these matters will not have a material adverse effect on our financial condition, results of operations or cash flows.

We have accrued $16.8 million and $30.4 million in other liabilities related to litigation and other matters, excluding warranty, as of June 30, 2012 and September 30, 2011, respectively. The amount accrued as of September 30, 2011 included $15.7 million related to the South Edge settlement obligation that was paid during the quarter ended December 31, 2011 (see Note 3 for additional information).

We had outstanding letters of credit and performance bonds of approximately $23.8 million and $154.2 million, respectively, at June 30, 2012 related principally to our obligations to local governments to construct roads and other improvements in various developments. We have no outstanding letters of credit relating to our land option contracts as of June 30, 2012.

The entire disclosure for commitments and contingencies.

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Fair Value Measurements

9 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of June 30, 2012, we had no assets or liabilities in our unaudited condensed consolidated balance sheets that were required to be measured at fair value on a recurring basis. Certain of our assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recovered. We use a fair value hierarchy that requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value as follows: Level 1 – Quoted prices in active markets for identical assets or liabilities; Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly through corroboration with market data; Level 3 – Unobservable inputs that reflect our own estimates about the assumptions market participants would use in pricing the asset or liability.

The following table presents our assets measured at fair value on a non-recurring basis for each hierarchy level and represents only those assets whose carrying values were adjusted to fair value during the nine months ended June 30, 2012 and 2011 (in thousands):



	Level 1	Level 2	Level 3	Total
Nine Months Ended June 30, 2012
Development projects in progress	—	—	20,857	20,857
Land held for sale	—	—	1,780	1,780
Nine Months Ended June 30, 2011
Development projects in progress	—	—	39,373	39,373
Right to purchase land	—	—	13,184	13,184

As previously disclosed, we review our long-lived assets, including inventory for recoverability when factors that indicate an impairment may exist, but no less than quarterly. Fair value is based on estimated cash flows discounted for market risks associated with the long-lived assets. The fair values of our investments in unconsolidated entities are determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities. During the nine months ended June 30, 2012, including discontinued operations, we recorded impairments for development projects in process of $8.9 million, land held for sale impairments of $0.7 million, and impairments of unconsolidated entity investments of $36,000. During the nine months ended June 30, 2011, including discontinued operations, we recorded impairments for development projects in process of $24.5 million, land held for sale impairments of $0.2 million, and impairments of unconsolidated entity investments of $0.6 million. See Notes 1, 3 and 4 for additional information related to the fair value accounting for the assets listed above. Determining which hierarchical level an asset or liability falls within requires significant judgment. We evaluate our hierarchy disclosures each quarter.

The fair value of our cash and cash equivalents, restricted cash, accounts receivable, trade accounts payable, other liabilities, cash secured loan and other secured notes payable approximate their carrying amounts due to the short maturity of these assets and liabilities.

Obligations related to land not owned under option agreements approximate fair value. The carrying values and estimated fair values of other financial assets and liabilities were as follows (in thousands):



	As of June 30, 2012				As of September 30, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,125,377	$	1,070,619	$	1,132,152	$	856,634
Mandatory Convertible Subordinated Notes	9,402		6,548		57,500		22,747
Junior Subordinated Notes	51,087		51,087		49,537		49,537
	$	1,185,866	$	1,128,254	$	1,239,189	$	928,918

The estimated fair values shown above for our publicly held Senior Notes and Mandatory Convertible Subordinated Notes have been determined using quoted market rates (Level 2). Since there is no trading market for our junior subordinated notes, the fair value of these notes is estimated by discounting scheduled cash flows through maturity (Level 3). The discount rate is estimated using market rates currently being offered on loans with similar terms and credit quality. Judgment is required in interpreting market data to develop these estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize in a current market exchange.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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Stock-based Compensation

9 Months Ended

Jun. 30, 2012

Stock-based Compensation

For the three months ended June 30, 2012, our total stock-based compensation, included in general and administrative expenses (G&A), was approximately $0.7 million ($0.5 million net of tax). The fair value of each option/stock-based stock appreciation right (SSAR) grant is estimated on the date of grant using the Black-Scholes option-pricing model. The fair value of each performance-based, nonvested stock grant is estimated on the date of grant using the Monte Carlo valuation method. The cash-settled component of any awards granted to employees are accounted for as a liability award and the liability is adjusted to fair value each reporting period until vested. Non-performance based, nonvested stock is valued based on the market price of the common stock on the date of the grant.

During the nine months ended June 30, 2012 and 2011, employees surrendered 12,553 and 39,861 shares, respectively, to us in payment of minimum tax obligations upon the vesting of stock awards under our stock incentive plans. We valued the stock at the market price on the date of surrender, for an aggregate value of approximately $34,000 and $163,145 for the nine months ended June 30, 2012 and 2011, respectively.

Stock Options: We used the following assumptions for our options granted during the nine months ended June 30, 2012:



Expected life of options	5.0 years
Expected volatility	44.77		%
Expected discrete dividends	—
Weighted average risk-free interest rate	0.90		%
Weighted average fair value	$	0.86

The expected volatility is based on the historic returns of our stock and the implied volatility of our publicly-traded options. We assumed no dividends would be paid since our Board of Directors has suspended payment of dividends indefinitely and payment of dividends is restricted under our Senior Note covenants. The risk-free interest rate is based on the term structure of interest rates at the time of the option grant and we have relied upon a combination of the observed exercise behavior of our prior grants with similar characteristics, the vesting schedule of the current grants, and an index of peer companies with similar grant characteristics to determine the expected life of the options.

The intrinsic value of a stock option/SSAR is the amount by which the market value of the underlying stock exceeds the exercise price of the option/SSAR. At June 30, 2012, our SSAR/stock options outstanding had an intrinsic value of $0.6 million. The intrinsic value of SSARs/stock options vested and expected to vest in the future was $0.6 million. The SSARS/stock options vested and expected to vest in the future had a weighted average expected life of 2.9 years. There was no aggregate intrinsic value of exercisable SSARs/stock options as of June 30, 2012.

The following table summarizes stock options and SSARs outstanding as of June 30, 2012, as well as activity during the three and nine months then ended:



	Three Months Ended				Nine Months Ended
	June 30, 2012				June 30, 2012
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	2,281,684		$	7.96	1,876,238		$	9.77
Granted	—		—		547,536		2.16
Expired	(7,437	)	4.87		(54,740	)	16.50
Forfeited	(84,637	)	4.65		(179,424	)	4.82
Outstanding at end of period	2,189,610		$	8.10	2,189,610		$	8.10
Exercisable at end of period	1,081,992		$	12.85	1,081,992		$	12.85
Vested or expected to vest in the future	2,177,069		$	8.12	2,177,069		$	8.12

Nonvested Stock Awards: Compensation cost arising from nonvested stock awards granted to employees is recognized as an expense using the straight-line method over the vesting period. As of June 30, 2012 and September 30, 2011, there was $2.8 million and $4.0 million, respectively, of total unrecognized compensation cost related to nonvested stock awards included in paid-in capital. The cost remaining at June 30, 2012 is expected to be recognized over a weighted average period of 1.5 years.

During the nine months ended June 30, 2012, we issued 547,536 shares of performance-based restricted stock (Performance Shares) to our executive officers and certain corporate employees. Each Performance Share represents a contingent right to receive one share of the Company’s common stock if vesting is satisfied at the end of the three-year performance period. The number of shares that will vest at the end of the three-year performance period will depend upon the level to which the following two performance criteria are achieved 1) Beazer’s total shareholder return (TSR) relative to a group of peer companies and 2) the compound annual growth rate (CAGR) during the three-year performance period of Beazer common stock. The target number of Performance Shares that vest may be increased by up to 50% based on the level of achievement of the above criteria as defined in the award agreement. Payment for Performance Shares in excess of the target number (547,536) will be settled in cash. Any portion of the Performance Shares that do not vest at the end of the period will be forfeited. The grants of the performance-based, nonvested stock were valued using the Monte Carlo valuation method and had an estimated fair value of $1.13 per share, a portion of which is attributable to the potential cash-settled liability aspect of the grant which is included in Other Liabilities.

A Monte Carlo simulation model requires the following inputs: 1) expected dividend yield on the underlying stock, 2) expected price volatility of the underlying stock, 3) risk-free interest rate for the period corresponding with the expected term of the award and 4) fair value of the underlying stock. For the Company and each member of the peer group, the following inputs were used, as applicable, in the Monte Carlo simulation model to determine the fair value as of the grant date for the Performance Shares: 0% dividend yield for the Company, expected price volatility ranging from 36.0% to 61.1% and a risk-free interest rate of 0.43%. The methodology used to determine these assumptions is similar to that for the Black-Scholes Model used for stock option grants discussed above; however the expected term is determined by the model in the Monte Carlo simulation.

Activity relating to nonvested stock awards, including the Performance Shares for the three and nine months ended June 30, 2012 is as follows:



	Three Months Ended				Nine Months Ended
	June 30, 2012				June 30, 2012
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	2,158,968		$	4.45	1,440,397		$	6.77
Granted	29,419		3.00		899,565		1.44
Vested	(17,647	)	34.00		(72,415	)	21.23
Forfeited	(109,554	)	9.02		(206,361	)	6.86
End of period	2,061,186		$	3.93	2,061,186		$	3.93

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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Segment Information

9 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Information

We have three homebuilding segments operating in 16 states. Beginning in the second quarter of fiscal 2011, through May 2, 2012, we operated our Pre-Owned Homes business in Arizona and Nevada. The results below include operating results of our Pre-Owned segment through May 2, 2012. Effective May 3, 2012, we contributed our Pre-Owned Homes business for an investment in an unconsolidated entity (see Note 13 for additional information). Revenues in our homebuilding segments are derived from the sale of homes which we construct and from land and lot sales. Revenues from our Pre-Owned segment were derived from the rental of previously owned homes purchased and improved by the Company. Our reportable segments have been determined on a basis that is used internally by management for evaluating segment performance and resource allocations. The reportable homebuilding segments and all other homebuilding operations, not required to be reported separately, include operations conducting business in the following states:

West: Arizona, California, Nevada and Texas

East: Delaware, Indiana, Maryland, New Jersey, New York, Pennsylvania, Tennessee (Nashville) and Virginia

Southeast: Florida, Georgia, North Carolina (Raleigh) and South Carolina

Management’s evaluation of segment performance is based on segment operating income. Operating income for our homebuilding segments is defined as homebuilding, land sale and other revenues less home construction, land development and land sales expense, commission expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to our homebuilding segments. Operating income for our Pre-Owned segment is defined as rental revenues less home repairs and operating expenses, home sales expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to the segment. The accounting policies of our segments are those described in Note 1 above and Note 1 to our consolidated financial statements in our 2011 Annual Report. The following information is in thousands:



	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Revenue
West	$	99,092	$	55,502	$	247,726	$	131,841
East	98,930		77,895		255,940		186,527
Southeast	56,328		39,288		129,966		88,985
Pre-Owned	205		144		1,114		144
Continuing Operations	$	254,555	$	172,829	$	634,746	$	407,497



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Operating income/(loss)
West	$	2,719		$	(2,542	)	$	5,505		$	(28,567	)
East	197			1,905			344			1,462
Southeast	3,339			(3,381		)	5,304			(4,194		)
Pre-Owned	(29		)	(75		)	(229		)	(318		)
Segment total	6,226			(4,093		)	10,924			(31,617		)
Corporate and unallocated (a)	(27,381		)	(31,146		)	(66,472		)	(76,465		)
Total operating loss	(21,155		)	(35,239		)	(55,548		)	(108,082		)
Equity in income (loss) of unconsolidated entities	48			63			(25		)	372
Gain (loss) on extinguishment of debt	—			95			(2,747		)	(2,909		)
Other expense, net (d)	(16,804		)	(17,085		)	(53,342		)	(46,616		)
Loss from continuing operations before income taxes	$	(37,911	)	$	(52,166	)	$	(111,662	)	$	(157,235	)



	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Depreciation and amortization
West	$	1,685	$	1,160	$	3,555	$	2,282
East	728		544		2,038		1,517
Southeast	486		222		1,199		473
Pre-Owned	57		12		330		13
Segment total	2,956		1,938		7,122		4,285
Corporate and unallocated (a)	787		722		2,214		2,342
Continuing Operations	$	3,743	$	2,660	$	9,336	$	6,627



	Nine Months Ended
	June 30,
	2012		2011
Capital Expenditures
West	$	2,131	$	3,197
East	2,890		1,720
Southeast	1,620		1,189
Pre-Owned (b)	7,932		4,801
Corporate and unallocated	544		1,227
Consolidated total	$	15,117	$	12,134



	June 30, 2012		September 30, 2011
Assets
West	$	639,744	$	649,057
East	359,526		372,984
Southeast	180,240		162,135
Pre-Owned (b)	—		12,315
Corporate and unallocated (c)	647,238		780,986
Consolidated total	$	1,826,748	$	1,977,477

(a)

Corporate and unallocated includes amortization of capitalized interest and numerous shared services functions that benefit all segments, the costs of which are not allocated to the operating segments reported above including information technology, national sourcing and purchasing, treasury, corporate finance, legal, branding and other national marketing costs. For the nine months ended June 30, 2012, corporate and unallocated also includes an $11 million recovery related to old water intrusion warranty and related legal expenditures.


(b)	Pre-owned assets included the cost of previously owned homes, net of accumulated depreciation, totaling $11.3 million (120 homes) as of September 30, 2011. Capital expenditures represent the purchase of previously owned homes through May 2, 2012 and June 30, 2011, respectively.


(c)	Primarily consists of cash and cash equivalents, consolidated inventory not owned, deferred taxes, capitalized interest and other items that are not allocated to the segments.


(d)	The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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+ Details

Pre-owned Homes Business	9 Months Ended
Pre-owned Homes Business	Jun. 30, 2012
Pre-owned Homes Business [Abstract]
Pre-owned Homes Business	Pre-owned Homes Business Beazer began its Pre-Owned Homes business for the purpose of acquiring, improving, renting and ultimately reselling, previously owned homes within select communities in markets in which we operate. We purchased our first home in March 2011. Effective May 3, 2012, we contributed $0.3 million in cash and our Pre-Owned Homes business at cost, including 190 homes in Arizona and Nevada, of which 187 were leased, for a 23.5% equity method investment in an unconsolidated real estate investment trust (the REIT). In addition, the Company received a grant of restricted units in the REIT, of which a portion vested during the quarter ended June 30, 2012, increasing our total investment to 25% of the REIT. Subsequent to the initial REIT offering, we entered into a transition services agreement with the REIT under which we will provide interim Chief Financial Officer and various back office and administrative support on an as needed basis. These services may include treasury operations and cash management services, accounting and financial reporting services, human resources support, environmental and safety services, and tax support. Fees received related to the transition services agreement will be billed at our cost and recognized as other income.

Supplemental Guarantor Information

9 Months Ended

Jun. 30, 2012

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 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 revised the prior period presentation for intercompany amounts included in the financial statements below to be consistent with the current year presentation.



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	225,625	$	6,622	$	1,073	$	(1,704	)	$	231,616
Restricted cash	271,446		336		—		—			271,782
Accounts receivable (net of allowance of $2,194)	—		25,001		9		—			25,010
Income tax receivable	2,398		—		—		—			2,398
Owned inventory	—		1,186,817		—		—			1,186,817
Consolidated inventory not owned	—		14,078		—		—			14,078
Investments in unconsolidated entities	773		40,814		—		—			41,587
Deferred tax assets, net	6,245		—		—		—			6,245
Property, plant and equipment, net	—		20,849		—		—			20,849
Previously owned rental homes, net	—		—		—		—			—
Investments in subsidiaries	80,788		—		—		(80,788		)	—
Intercompany	1,048,607		—		3,005		(1,051,612		)	—
Other assets	15,466		9,050		1,850		—			26,366
Total assets	$	1,651,348	$	1,303,567	$	5,937	$	(1,134,104	)	$	1,826,748
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	73,473	$	—	$	—		$	73,473
Other liabilities	37,937		85,580		2,247		—			125,764
Intercompany	1,102		1,052,214		—		$	(1,053,316	)	—
Obligations related to land not owned under option agreements	—		6,029		—		—			6,029
Total debt (net of discounts of $20,348)	1,433,234		9,173		—		—			1,442,407
Total liabilities	1,472,273		1,226,469		2,247		$	(1,053,316	)	1,647,673
Stockholders’ equity	179,075		77,098		3,690		(80,788		)	179,075
Total liabilities and stockholders’ equity	$	1,651,348	$	1,303,567	$	5,937	$	(1,134,104	)	$	1,826,748



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
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 entities	773		8,694		—		—			9,467
Deferred tax assets	2,760		—		—		—			2,760
Property, plant and equipment, net	—		22,613		—		—			22,613
Previously owned rental homes, net	—		11,347		—		—			11,347
Investments in subsidiaries	100,996		—		—		(100,996		)	—
Intercompany	1,013,753		—		4,773		(1,018,526		)	—
Other assets	18,550		25,190		2,830		—			46,570
Total assets	$	1,779,056	$	1,311,137	$	8,032	$	(1,120,748	)	$	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		1,018,680		—		(1,019,752		)	—
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		1,215,243		2,930		(1,019,752		)	1,779,097
Stockholders’ equity	198,380		95,894		5,102		(100,996		)	198,380
Total liabilities and stockholders’ equity	$	1,779,056	$	1,311,137	$	8,032	$	(1,120,748	)	$	1,977,477



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2012
Total revenue	$	—		$	254,555		$	240		$	(240	)	$	254,555
Home construction and land sales expenses	15,649			212,096			—			(240		)	227,505
Inventory impairments and option contract abandonments	222			5,597			—			—			5,819
Gross (loss) profit	(15,871		)	36,862			240			—			21,231
Commissions	—			10,776			—			—			10,776
General and administrative expenses	—			27,840			27			—			27,867
Depreciation and amortization	—			3,743			—			—			3,743
Operating (loss) income	(15,871		)	(5,497		)	213			—			(21,155		)
Equity in income of unconsolidated entities	—			48			—			—			48
Loss on extinguishment of debt	—			—			—			—			—
Other (expense) income, net	(17,233		)	414			15			—			(16,804		)
(Loss) income before income taxes	(33,104		)	(5,035		)	228			—			(37,911		)
(Benefit from) provision for income taxes	(12,868		)	12,936			77			—			145
Equity in loss of subsidiaries	(17,820		)	—			—			17,820			—
(Loss) income from continuing operations	(38,056		)	(17,971		)	151			17,820			(38,056		)
Loss from discontinued operations				(1,820		)	(8		)				(1,828		)
Equity in loss of subsidiaries	(1,828		)							1,828			—
Net (loss) income	$	(39,884	)	$	(19,791	)	$	143		$	19,648		$	(39,884	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2011
Total revenue	$	—		$	172,829		$	286		$	(286	)	$	172,829
Home construction and land sales expenses	11,179			141,231			—			(286		)	152,124
Inventory impairments and option contract abandonments	380			6,490			—			—			6,870
Gross (loss) profit	(11,559		)	25,108			286			—			13,835
Commissions	—			7,843			—			—			7,843
General and administrative expenses	—			38,545			26			—			38,571
Depreciation and amortization	—			2,660			—			—			2,660
Operating (loss) income	(11,559		)	(23,940		)	260			—			(35,239		)
Equity in income of unconsolidated entities	—			63			—			—			63
Gain on extinguishment of debt	95			—			—			—			95
Other (expense) income, net	(17,707		)	609			13			—			(17,085		)
(Loss) income before income taxes	(29,171		)	(23,268		)	273			—			(52,166		)
(Benefit from) provision for income taxes	(11,339		)	14,832			96			—			3,589
Equity in loss of subsidiaries	(37,923		)	—			—			37,923			—
(Loss) income from continuing operations	(55,755		)	(38,100		)	177			37,923			(55,755		)
Loss from discontinued operations	—			(3,362		)	(3		)	—			(3,365		)
Equity in loss of subsidiaries	(3,365		)	—			—			3,365			—
Net (loss) income	$	(59,120	)	$	(41,462	)	$	174		$	41,288		$	(59,120	)

Beazer Homes USA, Inc.

Unaudited Consolidating Statement of Operations Information

(in thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2012
Total revenue	$	—		$	634,746		$	701		$	(701	)	$	634,746
Home construction and land sales expenses	41,128			520,137			—			(701		)	560,564
Inventory impairments and option contract abandonments	275			10,217			—			—			10,492
Gross (loss) profit	(41,403		)	104,392			701			—			63,690
Commissions	—			27,522			—			—			27,522
General and administrative expenses	—			82,291			89			—			82,380
Depreciation and amortization	—			9,336			—			—			9,336
Operating (loss) income	(41,403		)	(14,757		)	612			—			(55,548		)
Equity in loss of unconsolidated entities	—			(25		)	—			—			(25		)
Loss on extinguishment of debt	(2,747		)	—			—			—			(2,747		)
Other (expense) income, net	(55,147		)	1,780			25			—			(53,342		)
(Loss) income before income taxes	(99,297		)	(13,002		)	637			—			(111,662		)
(Benefit from) provision for income taxes	(38,597		)	1,936			223			—			(36,438		)
Equity in loss of subsidiaries	(14,524		)	—			—			14,524			—
(Loss) income from continuing operations	(75,224		)	(14,938		)	414			14,524			(75,224		)
Loss from discontinued operations				(3,858		)	(11		)				(3,869		)
Equity in loss of subsidiaries	(3,869		)							3,869			—
Net (loss) income	$	(79,093	)	$	(18,796	)	$	403		$	18,393		$	(79,093	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2011
Total revenue	$	—		$	407,497		$	819		$	(819	)	$	407,497
Home construction and land sales expenses	26,352			332,880			—			(819		)	358,413
Inventory impairments and option contract abandonments	1,789			23,542			—			—			25,331
Gross (loss) profit	(28,141		)	51,075			819			—			23,753
Commissions	—			18,066			—			—			18,066
General and administrative expenses	—			107,052			90			—			107,142
Depreciation and amortization	—			6,627			—			—			6,627
Operating (loss) income	(28,141		)	(80,670		)	729			—			(108,082		)
Equity in income of unconsolidated entities	—			372			—			—			372
Loss on extinguishment of debt	(2,909		)	—			—			—			(2,909		)
Other (expense) income, net	(55,688		)	9,015			57			—			(46,616		)
(Loss) income before income taxes	(86,738		)	(71,283		)	786			—			(157,235		)
(Benefit from) provision for income taxes	(33,715		)	34,010			275			—			570
Equity in loss of subsidiaries	(104,782		)	—			—			104,782			—
(Loss) income from continuing operations	(157,805		)	(105,293		)	511			104,782			(157,805		)
Loss from discontinued operations	—			(3,870		)	(8		)	—			(3,878		)
Equity in loss of subsidiaries	(3,878		)	—			—			3,878			—
Net (loss) income	$	(161,683	)	$	(109,163	)	$	503		$	108,660		$	(161,683	)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2012
Net cash (used in) provided by operating activities	$	(109,339	)	$	2,225		$	702		$	—		$	(106,412	)
Cash flows from investing activities:
Capital expenditures	—			(15,117		)	—			—			(15,117		)
Investments in unconsolidated entities	—			(2,075		)	—			—			(2,075		)
Return of capital from unconsolidated entities	—			440			—			—			440
Increases in restricted cash	(645		)	(1,034		)	—			—			(1,679		)
Decreases in restricted cash	5,878			1,077			—			—			6,955
Net cash provided by (used in) investing activities	5,233			(16,709		)	—			—			(11,476		)
Cash flows from financing activities:
Repayment of debt	(2,460		)	(909		)	—			—			(3,369		)
Settlement of unconsolidated entity debt obligations	(15,862		)	—			—			—			(15,862		)
Debt issuance costs	(274		)	—			—			—			(274		)
Equity issuance costs	(1,296		)	—			—			—			(1,296		)
Common stock redeemed	(34		)	—			—			—			(34		)
Excess tax benefit from equity-based compensation	(64		)	—			—			—			(64		)
Dividends paid	(1,800		)	—			1,800			—			—
Advances to/from subsidiaries	(9,202		)	11,527			(1,847		)	(478		)	—
Net cash provided by (used in) financing activities	(30,992		)	10,618			(47		)	(478		)	(20,899		)
(Decrease) increase in cash and cash equivalents	(135,098		)	(3,866		)	655			(478		)	(138,787		)
Cash and cash equivalents at beginning of period	360,723			10,488			418			(1,226		)	370,403
Cash and cash equivalents at end of period	$	225,625		$	6,622		$	1,073		$	(1,704	)	$	231,616
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2011
Net cash (used in) provided by operating activities	$	(33,549	)	$	(245,010	)	$	941		$	—		$	(277,618	)
Cash flows from investing activities:
Capital expenditures	—			(12,134		)	—			—			(12,134		)
Investments in unconsolidated entities	—			(1,763		)	—			—			(1,763		)
Increases in restricted cash	(250,526		)	452			—			—			(250,074		)
Decreases in restricted cash	5,539			(589		)	—			—			4,950
Net cash used in investing activities	(244,987		)	(14,034		)	—			—			(259,021		)
Cash flows from financing activities:
Repayment of debt	(212,841		)	(914		)	—			—			(213,755		)
Proceeds from issuance of new debt	246,387			—			—			—			246,387
Proceeds from issuance of cash secured loan	247,368			—			—			—			247,368
Debt issuance costs	(5,130		)	—			—			—			(5,130		)
Common stock redeemed	(163		)	—			—			—			(163		)
Excess tax benefit from equity-based compensation	(544		)	—			—			—			(544		)
Advances to/from subsidiaries	(249,403		)	251,939			18			(2,554		)	—
Net cash provided by (used in) financing activities	25,674			251,025			18			(2,554		)	274,163
(Decrease) increase in cash and cash equivalents	(252,862		)	(8,019		)	959			(2,554		)	(262,476		)
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	$	277,985		$	324		$	1,159		$	(4,823	)	$	274,645

Discontinued Operations

9 Months Ended

Jun. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

We continually review each of our markets in order to refine our overall investment strategy and to optimize capital and resource allocations in an effort to enhance our financial position and to increase shareholder value. This review entails an evaluation of both external market factors and our position in each market and over time has resulted in the decision to discontinue certain of our homebuilding operations. During the third quarter of fiscal 2011, we decided to discontinue our homebuilding operations in Northwest Florida which has historically been reported in our Southeast segment.

We have classified the results of operations of our discontinued operations in the accompanying unaudited condensed consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of June 30, 2012 or September 30, 2011. Discontinued operations were not segregated in the unaudited condensed consolidated statements of cash flows. Therefore, amounts for certain captions in the unaudited condensed consolidated statements of cash flows will not agree with the respective data in the unaudited condensed consolidated statements of operations. The results of our discontinued operations in the unaudited condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2012 and 2011 were as follows (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Total revenue	$	2,207		$	4,717		$	5,681		$	14,627
Home construction and land sales expenses	2,509			4,002			5,444			11,236
Inventory impairments and lot option abandonments	545			2,494			579			2,814
Gross (loss) profit	(847		)	(1,779		)	(342		)	577
Commissions	46			229			217			901
General and administrative expenses (a)	919			908			3,636			2,652
Depreciation and amortization	10			282			35			406
Operating (loss) income	(1,822		)	(3,198		)	(4,230		)	(3,382		)
Equity in loss of unconsolidated entities	(1		)	(164		)	(37		)	(513		)
Other (loss) income, net	—			—			(10		)	26
Loss from discontinued operations before income taxes	(1,823		)	(3,362		)	(4,277		)	(3,869		)
Provision for (benefit from) income taxes	5			3			(408		)	9
Loss from discontinued operations, net of tax	$	(1,828	)	$	(3,365	)	$	(3,869	)	$	(3,878	)


(a)	The nine months ended June 30, 2012, includes approximately $2.9 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43-48

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2012
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In July 2012, in an effort to further strengthen our balance sheet and to better participate in the emerging housing recovery, we completed underwritten public offerings of 22 million shares of Beazer common stock at $2.90 per share and 4.6 million 7.50% tangible equity units and a private placement of $300 million of 6.625% senior secured notes. Net of underwriting discounts and estimated legal, accounting and other offering expenses, we expect net proceeds of approximately $466 million (without giving effect to any proceeds that may in the future be received by the Company upon the underwriters' exercise of the option to purchase up to an additional 3.3 million shares of common stock to cover over-allotments). Immediately after the common stock transaction, the Company had approximately 123 million shares of common stock outstanding. Concurrently with the debt offering, we called for redemption of all $250 million outstanding of our 12% senior secured notes due 2017 and repaid $20 million of our outstanding cash secured term loan. Net cash used for these redemptions, including payment of accrued interest and the contractual call premium is approximately $300 million. We intend to use the remainder of the proceeds from these offerings to fund an expansion in our new home community count and for general corporate purposes, including the repayment of outstanding indebtedness. We expect our annualized interest expense to decrease by approximately $15 million related to the above refinancing of our 12% senior secured notes.

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2012
Accounting Policies [Abstract]
Inventory Valuation	Inventory Valuation — We assess our inventory assets no less than quarterly for recoverability in accordance with the policies as described in Notes 1 and 4 to the consolidated financial statements in our 2011 Annual Report. Our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities. Homebuilding inventories held for development are stated at cost (including direct construction costs, capitalized indirect costs, capitalized interest and real estate taxes) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. For those communities for which construction and development activities are expected to occur in the future or have been idled (land held for future development), all applicable interest and real estate taxes are expensed as incurred and the inventory is stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. We record assets held for sale at the lower of the carrying value or fair value less costs to sell.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. In May 2011, the Financial Accounting Standard Board (FASB) issued ASU 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. ASU 2011-04 clarifies some existing concepts, eliminates wording differences between U.S. GAAP and International Financial Reporting Standards (IFRS), and in some limited cases, changes some principles to achieve convergence between U.S. GAAP and IFRS. ASU 2011-04 results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 also expands the disclosures for fair value measurements that are estimated using significant unobservable (Level 3) inputs. The adoption of ASU 2011-04 effective with our second quarter of fiscal 2012 did not have a material effect on our operating results or financial position.

Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.

Supplemental Cash Flow Elements [Abstract]

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-Name Financial Reporting Release (FRR)

-Number 206

-Paragraph b

-Subparagraph i, ii

-Chapter 2

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-Name Accounting Standards Codification

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 6

-Subparagraph a

-Article 5

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-Name Accounting Standards Codification

-Topic 210

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-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Section A

-Paragraph 9

-Chapter 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Accounting Standards Codification

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-Publisher AICPA

-Name Statement of Position (SOP)

-Number 81-1

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Supplemental Cash Flow Information (Tables)

9 Months Ended

Jun. 30, 2012

Supplemental disclosure of non-cash activity



	Nine Months Ended
	June 30,
(In thousands)	2012			2011
Supplemental disclosure of non-cash activity:
Increase (decrease) in obligations related to land not owned under option agreements	$	640		$	(16,306	)
(Decrease) increase in future land purchase rights	(11,651		)	17,220
Contribution of future land purchase rights to unconsolidated entitites	11,651			—
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(55,308		)	—
Contribution of pre-owned net assets for investment in unconsolidated entity	(19,670		)	—
Non-cash land acquisitions	7,813			770
Issuance of stock under deferred bonus stock plans	—			65
Supplemental disclosure of cash activity:
Interest payments	109,691			106,609
Income tax payments	751			521
Tax refunds received	2,565			3,982

Investments in Unconsolidated Joint Ventures (Tables)

9 Months Ended

Jun. 30, 2012

Equity Method Investments and Joint Ventures [Abstract]

Investments in unconsolidated joint ventures, total equity and outstanding borrowings

The following table presents our investment in our unconsolidated entities, the total equity and outstanding borrowings of these unconsolidated entities, and our guarantees of these borrowings, as of June 30, 2012 and September 30, 2011:



(In thousands)	June 30, 2012		September 30, 2011
Beazer’s investment in unconsolidated entities	$	41,587	$	9,467
Total equity of unconsolidated entity	383,616		96,966
Total outstanding borrowings of unconsolidated entities	67,959		394,414
Beazer’s estimate of its maximum exposure to our repayment guarantees	696		17,916



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(In thousands)	2012			2011			2012			2011
Continuing operations:
Income (loss) from unconsolidated entity activity	$	48		$	63		$	(25	)	$	464
Impairment of unconsolidated entity investment	—			—			—			(92		)
Equity in income (loss) of unconsolidated entities - continuing operations	$	48		$	63		$	(25	)	$	372
Reported in loss from discontinued operations, net of tax:
Loss from unconsolidated entity activity	$	(1	)	$	(1	)	$	(1	)	$	(18	)
Impairment of unconsolidated entity investment	—			(163		)	(36		)	(495		)
Equity in loss of unconsolidated entities - discontinued operations	$	(1	)	$	(164	)	$	(37	)	$	(513	)

Schedule of Total Owned Inventory, by Segment

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References+ Details

Inventory (Tables)

9 Months Ended

Jun. 30, 2012

Real Estate [Abstract]

Schedule of Inventory



(In thousands)	June 30, 2012		September 30, 2011
Homes under construction	$	316,117	$	277,331
Development projects in progress	384,991		424,055
Land held for future development	386,353		384,761
Land held for sale	10,852		12,837
Capitalized interest	45,373		45,973
Model homes	43,131		47,423
Total owned inventory	$	1,186,817	$	1,192,380

Total owned inventory, by reportable segment, is set forth in the table below:



(In thousands)	Projects in Progress		Held for Future Development		Land Held for Sale		Total Owned Inventory
June 30, 2012
West Segment	$	284,805	$	318,349	$	2,592	$	605,746
East Segment	295,985		44,692		3,505		344,182
Southeast Segment	136,965		23,312		1,675		161,952
Unallocated & Other	71,857		—		3,080		74,937
Total	$	789,612	$	386,353	$	10,852	$	1,186,817
September 30, 2011
West Segment	$	294,208	$	318,732	$	2,681	$	615,621
East Segment	304,648		41,993		5,056		351,697
Southeast Segment	122,126		24,036		75		146,237
Unallocated & Other	73,800		—		5,025		78,825
Total	$	794,782	$	384,761	$	12,837	$	1,192,380

Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment

The following tables represent the results, by reportable segment of our community level review of the recoverability of our inventory assets held for development as of June 30, 2012, and 2011 ($ in thousands). We have elected to aggregate our disclosure at the reportable segment level because we believe this level of disclosure is most meaningful to the readers of our financial statements. The aggregate undiscounted cash flow fair value as a percentage of book value for the communities represented below is consistent with our expectations given our “watch list” methodology.



		Undiscounted Cash Flow Analyses Prepared
Segment	# of Communities on Watch List	# of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV
Quarter Ended June 30, 2012
West	5	1	$	6,196	81.3	%
East	4	1	7,144		57.1	%
Southeast	3	1	3,087		79.0	%
Unallocated	—	—	1,228		n/a
Total	12	3	$	17,655	72.4	%
Quarter Ended June 30, 2011
West	8	4	5,079		86.5	%
East	4	2	9,731		96.5	%
Southeast	1	1	5,259		44.0	%
Unallocated	—	—	1,564		n/a
Total	13	7	$	21,633	81.6	%

Summary of Discounted Cash Flow Analysis



($ in thousands)	Communities Impaired As a Result of Discounted Cash Flow Analyses Prepared
Segment	# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End		# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End
Quarter Ended June 30, 2012							Nine Months Ended June 30, 2012
West	1	65	$	1,590	$	4,680	2	116	$	3,788	$	11,058
East	1	68	3,122		4,050		2	93	3,809		7,342
Southeast	1	37	630		2,457		1	37	794		2,457
Unallocated	—	—	389		—		—	—	473		—
Continuing Operations	3	170	5,731		11,187		5	246	8,864		20,857
Discontinued Operations	—	—	42		—		—	—	60		—
Total	3	170	$	5,773	$	11,187	5	246	$	8,924	$	20,857

Quarter Ended June 30, 2011							Nine Months Ended June 30, 2011
West	4	153	$	1,571	$	4,223	9	831	$	17,556	$	31,924
East	1	41	759		5,637		1	41	988		5,637
Southeast	1	176	3,435		1,812		1	176	3,557		1,812
Unallocated	—	—	531		—		—	—	2,139		—
Continuing Operations	6	370	6,296		11,672		11	1,048	24,240		39,373
Discontinued Operations	—	—	—		—		—	—	215		—
Total	6	370	$	6,296	$	11,672	11	1,048	$	24,455	$	39,373

Schedule of Inventory Impairments and Lot Option Abandonment Charges, by Reportable Homebuilding Segment



	Quarter Ended June 30,				Nine Months Ended June 30,
	2012		2011		2012		2011
Development projects and homes in process (Held for Development)
West	$	1,590	$	1,571	$	3,788	$	17,556
East	3,122		759		3,809		988
Southeast	630		3,435		794		3,557
Unallocated	389		531		473		2,139
Subtotal	$	5,731	$	6,296	$	8,864	$	24,240
Land Held for Sale
West	$	—	$	—	$	—	$	(51	)
East	—		—		—		—
Southeast	—		—		208		169
Subtotal	$	—	$	—	$	208	$	118
Lot Option Abandonments
West	$	19	$	32	$	191	$	116
East	10		462		574		595
Southeast	59		80		653		262
Unallocated	—		—		2		—
Subtotal	$	88	$	574	$	1,420	$	973
Continuing Operations	$	5,819	$	6,870	$	10,492	$	25,331
Discontinued Operations
Held for Development	$	42	$	—	$	60	$	215
Land Held for Sale	503		17		503		74
Lot Option Abandonments	—		2,477		16		2,525
Subtotal	$	545	$	2,494	$	579	$	2,814
Total Company	$	6,364	$	9,364	$	11,071	$	28,145

Summary of Interests in Lot Option Agreements

The following provides a summary of our interests in lot option agreements as of June 30, 2012 and September 30, 2011 (in thousands):



	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of June 30, 2012
Consolidated VIEs	$	7,191	$	3,347	$	10,537
Other consolidated lot option agreements (a)	859		2,682		$	3,541
Unconsolidated lot option agreements	16,601		191,272		—
Total lot option agreements	$	24,651	$	197,301	$	14,078
As of September 30, 2011
Consolidated VIEs	$	6,201	$	1,214	$	7,415
Other consolidated lot option agreements (a)	164		4,175		4,338
Unconsolidated lot option agreements	13,732		219,841		—
Total lot option agreements	$	20,097	$	225,230	$	11,753


(a)	Represents lot option agreements with non-VIE entities that we have deemed to be “financing arrangements” pursuant to ASC 470-40, Product Financing Arrangements.

Interest (Tables)

9 Months Ended

Jun. 30, 2012

Real Estate Inventory Capitalized Interest Costs [Abstract]

Real Estate Inventory, Capitalized Interest Costs

The following table sets forth certain information regarding interest (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Capitalized interest in inventory, beginning of period	$	47,242		$	47,624		$	45,973		$	36,884
Interest incurred	31,235			32,872			95,950			98,175
Capitalized interest impaired	(222		)	(380		)	(275		)	(1,789		)
Interest expense not qualified for capitalization and included as other expense	(17,233		)	(17,707		)	(55,147		)	(55,688		)
Capitalized interest amortized to house construction and land sales expenses	(15,649		)	(11,179		)	(41,128		)	(26,352		)
Capitalized interest in inventory, end of period	$	45,373		$	51,230		$	45,373		$	51,230

Borrowings (Tables)

9 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Schedule of long-term debt

At June 30, 2012 and September 30, 2011 we had the following long-term debt (in thousands):



	Maturity Date	June 30, 2012			September 30, 2011
6 7/8% Senior Notes	July 2015	$	172,454		$	172,454
8 1/8% Senior Notes	June 2016	172,879			172,879
12% Senior Secured Notes	October 2017	250,000			250,000
9 1/8% Senior Notes	June 2018	300,000			300,000
9 1/8% Senior Notes	May 2019	250,000			250,000
TEU Senior Amortizing Notes	August 2013	392			10,062
Unamortized debt discounts		(20,348		)	(23,243		)
Total Senior Notes, net		1,125,377			1,132,152
Mandatory Convertible Subordinated Notes	January 2013	9,402			57,500
Junior subordinated notes	July 2036	51,087			49,537
Cash Secured Loan	November 2017	247,368			247,368
Other secured notes payable	Various Dates	9,173			2,269
Total debt, net		$	1,442,407		$	1,488,826

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Commitments and Contingencies Disclosure [Abstract]

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-Section 55

-Paragraph 8

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

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-Name Accounting Standards Codification

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-SubTopic 10

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-Name Accounting Standards Codification

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-SubTopic 470

-Section 50

-Paragraph 3

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Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

+ Details

Contingencies (Tables)

9 Months Ended

Jun. 30, 2012

Warranty reserves

Our warranty reserves are as follows (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Balance at beginning of period	$	16,133		$	18,699		$	17,916		$	25,821
Accruals for warranties issued	1,963			1,344			5,191			3,158
Changes in liability related to warranties existing in prior periods	(565		)	(504		)	(1,916		)	(3,187		)
Payments made	(1,497		)	(2,285		)	(5,157		)	(8,538		)
Balance at end of period	$	16,034		$	17,254		$	16,034		$	17,254

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Schedule of fair value assets measured on a non-recurring basis



	Level 1	Level 2	Level 3	Total
Nine Months Ended June 30, 2012
Development projects in progress	—	—	20,857	20,857
Land held for sale	—	—	1,780	1,780
Nine Months Ended June 30, 2011
Development projects in progress	—	—	39,373	39,373
Right to purchase land	—	—	13,184	13,184

Schedule of carrying values and estimated fair values of other financial assets and liabilities

The carrying values and estimated fair values of other financial assets and liabilities were as follows (in thousands):



	As of June 30, 2012				As of September 30, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,125,377	$	1,070,619	$	1,132,152	$	856,634
Mandatory Convertible Subordinated Notes	9,402		6,548		57,500		22,747
Junior Subordinated Notes	51,087		51,087		49,537		49,537
	$	1,185,866	$	1,128,254	$	1,239,189	$	928,918

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

Stock-based compensation (Tables)

9 Months Ended

Jun. 30, 2012

Schedule of assumptions for stock options granted during period

We used the following assumptions for our options granted during the nine months ended June 30, 2012:



Expected life of options	5.0 years
Expected volatility	44.77		%
Expected discrete dividends	—
Weighted average risk-free interest rate	0.90		%
Weighted average fair value	$	0.86

Schedule of stock options and SSARs outstanding, as well as related activity

The following table summarizes stock options and SSARs outstanding as of June 30, 2012, as well as activity during the three and nine months then ended:



	Three Months Ended				Nine Months Ended
	June 30, 2012				June 30, 2012
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	2,281,684		$	7.96	1,876,238		$	9.77
Granted	—		—		547,536		2.16
Expired	(7,437	)	4.87		(54,740	)	16.50
Forfeited	(84,637	)	4.65		(179,424	)	4.82
Outstanding at end of period	2,189,610		$	8.10	2,189,610		$	8.10
Exercisable at end of period	1,081,992		$	12.85	1,081,992		$	12.85
Vested or expected to vest in the future	2,177,069		$	8.12	2,177,069		$	8.12

Schedule of nonvested stock awards activity

Activity relating to nonvested stock awards, including the Performance Shares for the three and nine months ended June 30, 2012 is as follows:



	Three Months Ended				Nine Months Ended
	June 30, 2012				June 30, 2012
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	2,158,968		$	4.45	1,440,397		$	6.77
Granted	29,419		3.00		899,565		1.44
Vested	(17,647	)	34.00		(72,415	)	21.23
Forfeited	(109,554	)	9.02		(206,361	)	6.86
End of period	2,061,186		$	3.93	2,061,186		$	3.93

Segment Information (Tables)

9 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Schedule of segment reporting information

The following information is in thousands:



	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Revenue
West	$	99,092	$	55,502	$	247,726	$	131,841
East	98,930		77,895		255,940		186,527
Southeast	56,328		39,288		129,966		88,985
Pre-Owned	205		144		1,114		144
Continuing Operations	$	254,555	$	172,829	$	634,746	$	407,497



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Operating income/(loss)
West	$	2,719		$	(2,542	)	$	5,505		$	(28,567	)
East	197			1,905			344			1,462
Southeast	3,339			(3,381		)	5,304			(4,194		)
Pre-Owned	(29		)	(75		)	(229		)	(318		)
Segment total	6,226			(4,093		)	10,924			(31,617		)
Corporate and unallocated (a)	(27,381		)	(31,146		)	(66,472		)	(76,465		)
Total operating loss	(21,155		)	(35,239		)	(55,548		)	(108,082		)
Equity in income (loss) of unconsolidated entities	48			63			(25		)	372
Gain (loss) on extinguishment of debt	—			95			(2,747		)	(2,909		)
Other expense, net (d)	(16,804		)	(17,085		)	(53,342		)	(46,616		)
Loss from continuing operations before income taxes	$	(37,911	)	$	(52,166	)	$	(111,662	)	$	(157,235	)



	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2012		2011		2012		2011
Depreciation and amortization
West	$	1,685	$	1,160	$	3,555	$	2,282
East	728		544		2,038		1,517
Southeast	486		222		1,199		473
Pre-Owned	57		12		330		13
Segment total	2,956		1,938		7,122		4,285
Corporate and unallocated (a)	787		722		2,214		2,342
Continuing Operations	$	3,743	$	2,660	$	9,336	$	6,627



	Nine Months Ended
	June 30,
	2012		2011
Capital Expenditures
West	$	2,131	$	3,197
East	2,890		1,720
Southeast	1,620		1,189
Pre-Owned (b)	7,932		4,801
Corporate and unallocated	544		1,227
Consolidated total	$	15,117	$	12,134



	June 30, 2012		September 30, 2011
Assets
West	$	639,744	$	649,057
East	359,526		372,984
Southeast	180,240		162,135
Pre-Owned (b)	—		12,315
Corporate and unallocated (c)	647,238		780,986
Consolidated total	$	1,826,748	$	1,977,477

(a)


(b)	Pre-owned assets included the cost of previously owned homes, net of accumulated depreciation, totaling $11.3 million (120 homes) as of September 30, 2011. Capital expenditures represent the purchase of previously owned homes through May 2, 2012 and June 30, 2011, respectively.


(c)	Primarily consists of cash and cash equivalents, consolidated inventory not owned, deferred taxes, capitalized interest and other items that are not allocated to the segments.


(d)	The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Supplemental Guarantor Information (Tables)

9 Months Ended

Jun. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Text Block]



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	225,625	$	6,622	$	1,073	$	(1,704	)	$	231,616
Restricted cash	271,446		336		—		—			271,782
Accounts receivable (net of allowance of $2,194)	—		25,001		9		—			25,010
Income tax receivable	2,398		—		—		—			2,398
Owned inventory	—		1,186,817		—		—			1,186,817
Consolidated inventory not owned	—		14,078		—		—			14,078
Investments in unconsolidated entities	773		40,814		—		—			41,587
Deferred tax assets, net	6,245		—		—		—			6,245
Property, plant and equipment, net	—		20,849		—		—			20,849
Previously owned rental homes, net	—		—		—		—			—
Investments in subsidiaries	80,788		—		—		(80,788		)	—
Intercompany	1,048,607		—		3,005		(1,051,612		)	—
Other assets	15,466		9,050		1,850		—			26,366
Total assets	$	1,651,348	$	1,303,567	$	5,937	$	(1,134,104	)	$	1,826,748
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	73,473	$	—	$	—		$	73,473
Other liabilities	37,937		85,580		2,247		—			125,764
Intercompany	1,102		1,052,214		—		$	(1,053,316	)	—
Obligations related to land not owned under option agreements	—		6,029		—		—			6,029
Total debt (net of discounts of $20,348)	1,433,234		9,173		—		—			1,442,407
Total liabilities	1,472,273		1,226,469		2,247		$	(1,053,316	)	1,647,673
Stockholders’ equity	179,075		77,098		3,690		(80,788		)	179,075
Total liabilities and stockholders’ equity	$	1,651,348	$	1,303,567	$	5,937	$	(1,134,104	)	$	1,826,748



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
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 entities	773		8,694		—		—			9,467
Deferred tax assets	2,760		—		—		—			2,760
Property, plant and equipment, net	—		22,613		—		—			22,613
Previously owned rental homes, net	—		11,347		—		—			11,347
Investments in subsidiaries	100,996		—		—		(100,996		)	—
Intercompany	1,013,753		—		4,773		(1,018,526		)	—
Other assets	18,550		25,190		2,830		—			46,570
Total assets	$	1,779,056	$	1,311,137	$	8,032	$	(1,120,748	)	$	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		1,018,680		—		(1,019,752		)	—
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		1,215,243		2,930		(1,019,752		)	1,779,097
Stockholders’ equity	198,380		95,894		5,102		(100,996		)	198,380
Total liabilities and stockholders’ equity	$	1,779,056	$	1,311,137	$	8,032	$	(1,120,748	)	$	1,977,477

Schedule of Condensed Income Statement [Table Text Block]



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2012
Total revenue	$	—		$	254,555		$	240		$	(240	)	$	254,555
Home construction and land sales expenses	15,649			212,096			—			(240		)	227,505
Inventory impairments and option contract abandonments	222			5,597			—			—			5,819
Gross (loss) profit	(15,871		)	36,862			240			—			21,231
Commissions	—			10,776			—			—			10,776
General and administrative expenses	—			27,840			27			—			27,867
Depreciation and amortization	—			3,743			—			—			3,743
Operating (loss) income	(15,871		)	(5,497		)	213			—			(21,155		)
Equity in income of unconsolidated entities	—			48			—			—			48
Loss on extinguishment of debt	—			—			—			—			—
Other (expense) income, net	(17,233		)	414			15			—			(16,804		)
(Loss) income before income taxes	(33,104		)	(5,035		)	228			—			(37,911		)
(Benefit from) provision for income taxes	(12,868		)	12,936			77			—			145
Equity in loss of subsidiaries	(17,820		)	—			—			17,820			—
(Loss) income from continuing operations	(38,056		)	(17,971		)	151			17,820			(38,056		)
Loss from discontinued operations				(1,820		)	(8		)				(1,828		)
Equity in loss of subsidiaries	(1,828		)							1,828			—
Net (loss) income	$	(39,884	)	$	(19,791	)	$	143		$	19,648		$	(39,884	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended June 30, 2011
Total revenue	$	—		$	172,829		$	286		$	(286	)	$	172,829
Home construction and land sales expenses	11,179			141,231			—			(286		)	152,124
Inventory impairments and option contract abandonments	380			6,490			—			—			6,870
Gross (loss) profit	(11,559		)	25,108			286			—			13,835
Commissions	—			7,843			—			—			7,843
General and administrative expenses	—			38,545			26			—			38,571
Depreciation and amortization	—			2,660			—			—			2,660
Operating (loss) income	(11,559		)	(23,940		)	260			—			(35,239		)
Equity in income of unconsolidated entities	—			63			—			—			63
Gain on extinguishment of debt	95			—			—			—			95
Other (expense) income, net	(17,707		)	609			13			—			(17,085		)
(Loss) income before income taxes	(29,171		)	(23,268		)	273			—			(52,166		)
(Benefit from) provision for income taxes	(11,339		)	14,832			96			—			3,589
Equity in loss of subsidiaries	(37,923		)	—			—			37,923			—
(Loss) income from continuing operations	(55,755		)	(38,100		)	177			37,923			(55,755		)
Loss from discontinued operations	—			(3,362		)	(3		)	—			(3,365		)
Equity in loss of subsidiaries	(3,365		)	—			—			3,365			—
Net (loss) income	$	(59,120	)	$	(41,462	)	$	174		$	41,288		$	(59,120	)

Beazer Homes USA, Inc.

Unaudited Consolidating Statement of Operations Information

(in thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2012
Total revenue	$	—		$	634,746		$	701		$	(701	)	$	634,746
Home construction and land sales expenses	41,128			520,137			—			(701		)	560,564
Inventory impairments and option contract abandonments	275			10,217			—			—			10,492
Gross (loss) profit	(41,403		)	104,392			701			—			63,690
Commissions	—			27,522			—			—			27,522
General and administrative expenses	—			82,291			89			—			82,380
Depreciation and amortization	—			9,336			—			—			9,336
Operating (loss) income	(41,403		)	(14,757		)	612			—			(55,548		)
Equity in loss of unconsolidated entities	—			(25		)	—			—			(25		)
Loss on extinguishment of debt	(2,747		)	—			—			—			(2,747		)
Other (expense) income, net	(55,147		)	1,780			25			—			(53,342		)
(Loss) income before income taxes	(99,297		)	(13,002		)	637			—			(111,662		)
(Benefit from) provision for income taxes	(38,597		)	1,936			223			—			(36,438		)
Equity in loss of subsidiaries	(14,524		)	—			—			14,524			—
(Loss) income from continuing operations	(75,224		)	(14,938		)	414			14,524			(75,224		)
Loss from discontinued operations				(3,858		)	(11		)				(3,869		)
Equity in loss of subsidiaries	(3,869		)							3,869			—
Net (loss) income	$	(79,093	)	$	(18,796	)	$	403		$	18,393		$	(79,093	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2011
Total revenue	$	—		$	407,497		$	819		$	(819	)	$	407,497
Home construction and land sales expenses	26,352			332,880			—			(819		)	358,413
Inventory impairments and option contract abandonments	1,789			23,542			—			—			25,331
Gross (loss) profit	(28,141		)	51,075			819			—			23,753
Commissions	—			18,066			—			—			18,066
General and administrative expenses	—			107,052			90			—			107,142
Depreciation and amortization	—			6,627			—			—			6,627
Operating (loss) income	(28,141		)	(80,670		)	729			—			(108,082		)
Equity in income of unconsolidated entities	—			372			—			—			372
Loss on extinguishment of debt	(2,909		)	—			—			—			(2,909		)
Other (expense) income, net	(55,688		)	9,015			57			—			(46,616		)
(Loss) income before income taxes	(86,738		)	(71,283		)	786			—			(157,235		)
(Benefit from) provision for income taxes	(33,715		)	34,010			275			—			570
Equity in loss of subsidiaries	(104,782		)	—			—			104,782			—
(Loss) income from continuing operations	(157,805		)	(105,293		)	511			104,782			(157,805		)
Loss from discontinued operations	—			(3,870		)	(8		)	—			(3,878		)
Equity in loss of subsidiaries	(3,878		)	—			—			3,878			—
Net (loss) income	$	(161,683	)	$	(109,163	)	$	503		$	108,660		$	(161,683	)

Schedule of Condensed Cash Flow Statement [Table Text Block]



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2012
Net cash (used in) provided by operating activities	$	(109,339	)	$	2,225		$	702		$	—		$	(106,412	)
Cash flows from investing activities:
Capital expenditures	—			(15,117		)	—			—			(15,117		)
Investments in unconsolidated entities	—			(2,075		)	—			—			(2,075		)
Return of capital from unconsolidated entities	—			440			—			—			440
Increases in restricted cash	(645		)	(1,034		)	—			—			(1,679		)
Decreases in restricted cash	5,878			1,077			—			—			6,955
Net cash provided by (used in) investing activities	5,233			(16,709		)	—			—			(11,476		)
Cash flows from financing activities:
Repayment of debt	(2,460		)	(909		)	—			—			(3,369		)
Settlement of unconsolidated entity debt obligations	(15,862		)	—			—			—			(15,862		)
Debt issuance costs	(274		)	—			—			—			(274		)
Equity issuance costs	(1,296		)	—			—			—			(1,296		)
Common stock redeemed	(34		)	—			—			—			(34		)
Excess tax benefit from equity-based compensation	(64		)	—			—			—			(64		)
Dividends paid	(1,800		)	—			1,800			—			—
Advances to/from subsidiaries	(9,202		)	11,527			(1,847		)	(478		)	—
Net cash provided by (used in) financing activities	(30,992		)	10,618			(47		)	(478		)	(20,899		)
(Decrease) increase in cash and cash equivalents	(135,098		)	(3,866		)	655			(478		)	(138,787		)
Cash and cash equivalents at beginning of period	360,723			10,488			418			(1,226		)	370,403
Cash and cash equivalents at end of period	$	225,625		$	6,622		$	1,073		$	(1,704	)	$	231,616
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Nine Months Ended June 30, 2011
Net cash (used in) provided by operating activities	$	(33,549	)	$	(245,010	)	$	941		$	—		$	(277,618	)
Cash flows from investing activities:
Capital expenditures	—			(12,134		)	—			—			(12,134		)
Investments in unconsolidated entities	—			(1,763		)	—			—			(1,763		)
Increases in restricted cash	(250,526		)	452			—			—			(250,074		)
Decreases in restricted cash	5,539			(589		)	—			—			4,950
Net cash used in investing activities	(244,987		)	(14,034		)	—			—			(259,021		)
Cash flows from financing activities:
Repayment of debt	(212,841		)	(914		)	—			—			(213,755		)
Proceeds from issuance of new debt	246,387			—			—			—			246,387
Proceeds from issuance of cash secured loan	247,368			—			—			—			247,368
Debt issuance costs	(5,130		)	—			—			—			(5,130		)
Common stock redeemed	(163		)	—			—			—			(163		)
Excess tax benefit from equity-based compensation	(544		)	—			—			—			(544		)
Advances to/from subsidiaries	(249,403		)	251,939			18			(2,554		)	—
Net cash provided by (used in) financing activities	25,674			251,025			18			(2,554		)	274,163
(Decrease) increase in cash and cash equivalents	(252,862		)	(8,019		)	959			(2,554		)	(262,476		)
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	$	277,985		$	324		$	1,159		$	(4,823	)	$	274,645

Discontinued Operations and Disposal Groups [Abstract]

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details

Discontinued Operations (Tables)

9 Months Ended

Jun. 30, 2012

Schedule of Results of Discontinued Operations

The results of our discontinued operations in the unaudited condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2012 and 2011 were as follows (in thousands):



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Total revenue	$	2,207		$	4,717		$	5,681		$	14,627
Home construction and land sales expenses	2,509			4,002			5,444			11,236
Inventory impairments and lot option abandonments	545			2,494			579			2,814
Gross (loss) profit	(847		)	(1,779		)	(342		)	577
Commissions	46			229			217			901
General and administrative expenses (a)	919			908			3,636			2,652
Depreciation and amortization	10			282			35			406
Operating (loss) income	(1,822		)	(3,198		)	(4,230		)	(3,382		)
Equity in loss of unconsolidated entities	(1		)	(164		)	(37		)	(513		)
Other (loss) income, net	—			—			(10		)	26
Loss from discontinued operations before income taxes	(1,823		)	(3,362		)	(4,277		)	(3,869		)
Provision for (benefit from) income taxes	5			3			(408		)	9
Loss from discontinued operations, net of tax	$	(1,828	)	$	(3,365	)	$	(3,869	)	$	(3,878	)


(a)	The nine months ended June 30, 2012, includes approximately $2.9 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Summary of Significant Accounting Policies - Schedule of Other Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Sep. 30, 2010
Other Liabilities [Abstract]
Income tax liabilities	$ 21,457		$ 55,093
Accrued warranty expenses	16,034	16,133	17,916	17,254	18,699	25,821
Accrued interest	18,021		39,478
Accrued and deferred compensation	19,460		27,427
Customer deposits	9,743		5,868
Other	41,049		66,405
Total	$ 125,764		$ 212,187

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 48

-Paragraph 15, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Subparagraph b(1)

-Article 7

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.15(b))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Section Appendix E

-Paragraph 289

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Subparagraph 1

-Article 9

+ Details

Supplemental Cash Flow Information - Supplemental Disclosure of Non-cash Activity (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Increase (decrease) in obligations related to land not owned under option agreements	$ 640	$ (16,306)
(Decrease) increase in future land purchase rights	(11,651)	17,220
Contribution of future land purchase rights to unconsolidated entities	11,651	0
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(55,308)	0
Contribution of pre-owned net assets for investment in unconsolidated entity	(19,670)	0
Non-cash land acquisitions	7,813	770
Issuance of stock under deferred bonus stock plans	0	65
Supplemental disclosure of cash activity: [Abstract]
Interest payments	109,691	106,609
Income tax payments	751	521
Tax refunds received	$ 2,565	$ 3,982

Investments in Unconsolidated Entities - Investments in Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Equity Method Investments and Joint Ventures [Abstract]
Beazer's investment in unconsolidated entities	$ 41,587	$ 9,467
Total equity of unconsolidated entity	383,616	96,966
Total outstanding borrowings of unconsolidated entities	67,959	394,414
Beazer's estimate of its maximum exposure to our repayment guarantees	$ 696	$ 17,916

Amount of equity, including noncontrolling interest, reported by an equity method investment of the entity.

+ References+ Details

Investments in Unconsolidated Entities - Income (Loss), Impairments From, and Equity In Investments In Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2011
Schedule of Equity Method Investments [Line Items]
Settlement of Unconsolidated JV Debt Obligation			$ 15,862	$ 0
(Decrease) increase in future land purchase rights			(11,651)	17,220
Income (loss) from unconsolidated entity activity	48	63	(25)	464
Impairment of unconsolidated entity investment	0	0	0	(92)
Equity in income (loss) of unconsolidated entities - continuing operations	48	63	(25)	372
Loss from unconsolidated entity activity	(1)	(1)	(1)	(18)
Impairment of unconsolidated entity investment	0	(163)	(36)	(495)
Beazer's estimate of its maximum exposure to our repayment guarantees	696		696		17,916
Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Equity in loss of unconsolidated entities - discontinued operations	(1)	(164)	(37)	(513)
South Edge
Schedule of Equity Method Investments [Line Items]
Settlement of Unconsolidated JV Debt Obligation			15,900
Inspirada
Schedule of Equity Method Investments [Line Items]
(Decrease) increase in future land purchase rights			$ 11,700

Inventory - Schedule of Inventory (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Sep. 30, 2010
Real Estate [Abstract]
Homes under construction	$ 316,117		$ 277,331
Development projects in progress	384,991		424,055
Land held for future development	386,353		384,761
Land held for sale	10,852		12,837
Capitalized interest	45,373	47,242	45,973	51,230	47,624	36,884
Model homes	43,131		47,423
Total owned inventory	$ 1,186,817		$ 1,192,380

Carrying amount as of the balance sheet date of capitalized construction costs of homes for future sale.

+ References+ Details

Inventory - Total Owned Inventory by Segment (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Segment Reporting Information [Line Items]
Projects in progress	$ 789,612	$ 794,782
Land held for future development	386,353	384,761
Land held for sale	10,852	12,837
Total owned inventory	1,186,817	1,192,380
West Segment
Segment Reporting Information [Line Items]
Projects in progress	284,805	294,208
Land held for future development	318,349	318,732
Land held for sale	2,592	2,681
Total owned inventory	605,746	615,621
East Segment
Segment Reporting Information [Line Items]
Projects in progress	295,985	304,648
Land held for future development	44,692	41,993
Land held for sale	3,505	5,056
Total owned inventory	344,182	351,697
Southeast Segment
Segment Reporting Information [Line Items]
Projects in progress	136,965	122,126
Land held for future development	23,312	24,036
Land held for sale	1,675	75
Total owned inventory	161,952	146,237
Unallocated & Other
Segment Reporting Information [Line Items]
Projects in progress	71,857	73,800
Land held for future development	0	0
Land held for sale	3,080	5,025
Total owned inventory	$ 74,937	$ 78,825

Inventory - Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Jun. 30, 2012 Communities	Jun. 30, 2011 Communities
Real Estate Properties [Line Items]
Number of Communities on Watch List	12	13
Undiscounted Cash Flow Analysis - Number of Communities	3	7
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	$ 17,655	$ 21,633
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	72.40%	81.60%
West Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	5	8
Undiscounted Cash Flow Analysis - Number of Communities	1	4
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	6,196	5,079
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	81.30%	86.50%
East Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	4	4
Undiscounted Cash Flow Analysis - Number of Communities	1	2
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	7,144	9,731
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	57.10%	96.50%
Southeast Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	3	1
Undiscounted Cash Flow Analysis - Number of Communities	1	1
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	3,087	5,259
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	79.00%	44.00%
Unallocated & Other
Real Estate Properties [Line Items]
Number of Communities on Watch List	0	0
Undiscounted Cash Flow Analysis - Number of Communities	0	0
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	$ 1,228	$ 1,564

Inventory - Results of Discounted Cash Flow Analysis (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012 Communities lots	Jun. 30, 2011 Communities lots	Jun. 30, 2012 Communities lots	Jun. 30, 2011 Communities lots
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	3	6	5	11
Number of lots impaired	170	370	246	1,048
Impairment Charges	$ 5,773	$ 6,296	$ 8,924	$ 24,455
Estimated fair value of impaired inventory	11,187	11,672	20,857	39,373
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	3	6	5	11
Number of lots impaired	170	370	246	1,048
Impairment Charges	5,731	6,296	8,864	24,240
Estimated fair value of impaired inventory	11,187	11,672	20,857	39,373
Continuing Operations \| West Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	1	4	2	9
Number of lots impaired	65	153	116	831
Impairment Charges	1,590	1,571	3,788	17,556
Estimated fair value of impaired inventory	4,680	4,223	11,058	31,924
Continuing Operations \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	1	1	2	1
Number of lots impaired	68	41	93	41
Impairment Charges	3,122	759	3,809	988
Estimated fair value of impaired inventory	4,050	5,637	7,342	5,637
Continuing Operations \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	1	1	1	1
Number of lots impaired	37	176	37	176
Impairment Charges	630	3,435	794	3,557
Estimated fair value of impaired inventory	2,457	1,812	2,457	1,812
Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	0	0	0	0
Number of lots impaired	0	0	0	0
Impairment Charges	389	531	473	2,139
Estimated fair value of impaired inventory	0	0	0	0
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired	0	0	0	0
Number of lots impaired	0	0	0	0
Impairment Charges	42	0	60	215
Estimated fair value of impaired inventory	$ 0	$ 0	$ 0	$ 0

Inventory - Inventory Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	$ 5,773,000	$ 6,296,000	$ 8,924,000	$ 24,455,000
Land Held for Sale			700,000	200,000
Inventory impairments and option contract abandonments	5,819,000	6,870,000	10,492,000	25,331,000
Inventory impairments and option contract abandonments	6,364,000	9,364,000	11,071,000	28,145,000
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	5,731,000	6,296,000	8,864,000	24,240,000
Land Held for Sale	0	0	208,000	118,000
Lot option abandonments	88,000	574,000	1,420,000	973,000
Inventory impairments and option contract abandonments	5,819,000	6,870,000	10,492,000	25,331,000
Continuing Operations \| West Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	1,590,000	1,571,000	3,788,000	17,556,000
Land Held for Sale	0	0	0	(51,000)
Lot option abandonments	19,000	32,000	191,000	116,000
Continuing Operations \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	3,122,000	759,000	3,809,000	988,000
Land Held for Sale	0	0	0	0
Lot option abandonments	10,000	462,000	574,000	595,000
Continuing Operations \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	630,000	3,435,000	794,000	3,557,000
Land Held for Sale	0	0	208,000	169,000
Lot option abandonments	59,000	80,000	653,000	262,000
Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	389,000	531,000	473,000	2,139,000
Lot option abandonments	0	0	2,000	0
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	42,000	0	60,000	215,000
Land Held for Sale	503,000	17,000	503,000	74,000
Lot option abandonments	0	2,477,000	16,000	2,525,000
Inventory impairments and option contract abandonments	$ 545,000	$ 2,494,000	$ 579,000	$ 2,814,000

Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.

+ References+ Details

Inventory - Summary of Interests in Lot Option Agreements (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	$ 24,651	$ 20,097
Remaining obligations	197,301	225,230
Land not owned under option agreements	14,078	11,753
Consolidated VIEs
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	7,191	6,201
Remaining obligations	3,347	1,214
Land not owned under option agreements	10,537	7,415
Consolidated Entity Excluding Variable Interest Entities (VIE)
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	859	164
Remaining obligations	2,682	4,175
Land not owned under option agreements	3,541	4,338
Unconsolidated Entities
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	16,601	13,732
Remaining obligations	191,272	219,841
Land not owned under option agreements	$ 0	$ 0

Inventory - Narrative (Details) (USD $)			3 Months Ended
Inventory - Narrative (Details) (USD $)	Jun. 30, 2012 homes	Sep. 30, 2011 homes	Jun. 30, 2012 Minimum	Jun. 30, 2011 Minimum	Jun. 30, 2012 Maximum	Jun. 30, 2011 Maximum
Real Estate Properties [Line Items]
Number of substantially completed homes	137	334
Total value of substantially completed homes	$ 28,500,000	$ 59,300,000
Discount rate			11.80%	14.60%	16.10%	16.30%
Deposits and non-refundable preacquisition costs incurred	24,651,000	20,097,000
Total remaining purchase price committed under all options	$ 197,301,000	$ 225,230,000

Interest - Schedule of Capitalized Interest (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 47,242	$ 47,624	$ 45,973	$ 36,884
Interest incurred	31,235	32,872	95,950	98,175
Capitalized interest impaired	(222)	(380)	(275)	(1,789)
Interest expense not qualified for capitalization and included as other expense	17,233	17,707	55,147	55,688
Capitalized interest amortized to house construction and land sales expenses	(15,649)	(11,179)	(41,128)	(26,352)
Capitalized interest in inventory, end of period	$ 45,373	$ 51,230	$ 45,373	$ 51,230

The cost of borrowed funds accounted for as interest that was charged against earnings during the period.

+ References+ Details

Earnings Per Share - Narrative (Details) (USD $) Share data in Millions, unless otherwise specified	3 Months Ended	9 Months Ended		3 Months Ended						3 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Mar. 31, 2012 Common Stock	Jun. 30, 2012 Convertible Subordinated Debt	Sep. 30, 2011 Convertible Subordinated Debt	Jun. 30, 2012 Senior Notes	Sep. 30, 2011 Senior Notes	Jun. 30, 2012 Tangible Equity Units	Mar. 31, 2012 7 1/2% Mandatory Convertible Subordinated Notes [Member] Convertible Subordinated Debt	Jun. 30, 2012 7 1/2% Mandatory Convertible Subordinated Notes [Member] Convertible Subordinated Debt	Mar. 31, 2012 Tangible Equity Units Senior Notes TEUs	May 31, 2010 Tangible Equity Units Senior Notes TEUs	Jun. 30, 2012 Amortizing Notes Senior Notes	Sep. 30, 2011 Amortizing Notes Senior Notes
Earnings Per Share [Line Items]
Weighted average number of shares outstanding related to Convertible Debt and Tangible Equity Units		9.7
Debt Conversion, Converted Instrument, Shares Issued				11.0
Value of convertible debt exchanged for common stock										$ 48,100,000
Shares exchanged for common stock				13.8
Tangible Equity Units (TEUs) issued during period, (units)												2,800,000	3,000,000
Long-term debt	1,442,407,000	1,442,407,000	1,488,826,000		9,402,000	57,500,000	1,125,377,000	1,132,152,000			9,400,000
Tangible Equity Units outstanding									0.2
Senior notes														$ 392,000	$ 10,062,000
Shares of common stock issuable upon conversion	2.8

Borrowings - Schedule of Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Debt Instrument [Line Items]
Unamortized debt discounts	$ (20,348)	$ (23,243)
Long-term debt	1,442,407	1,488,826
Senior Notes
Debt Instrument [Line Items]
Unamortized debt discounts	(20,348)	(23,243)
Long-term debt	1,125,377	1,132,152
Senior Notes \| 6 7/8% Senior Notes Maturing July 2015
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	6.875%
Senior notes	172,454	172,454
Senior Notes \| 8 1/8% Senior Notes Maturing June 2016
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	8.125%
Senior notes	172,879	172,879
Senior Notes \| 12% Senior Secured Notes Maturing October 2017
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	12.00%
Senior notes	250,000	250,000
Senior Notes \| 9 1/8% Senior Notes Maturing June 2018
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	9.125%
Senior notes	300,000	300,000
Senior Notes \| 9 1/8% Senior Notes Maturing May 2019
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	9.125%
Senior notes	250,000	250,000
Senior Notes \| TEU Senior Amortizing Notes
Debt Instrument [Line Items]
Senior notes	392	10,062
Convertible Subordinated Debt
Debt Instrument [Line Items]
Long-term debt	9,402	57,500
Junior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	7.987%
Unamortized debt discounts	49,700
Long-term debt	51,087	49,537
Cash Secured Loan
Debt Instrument [Line Items]
Long-term debt	247,368	247,368
Other Secured Notes Payable
Debt Instrument [Line Items]
Long-term debt	$ 9,173	$ 2,269

Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer.

+ References+ Details

The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.

+ References+ Details

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Borrowings - Narrative (Details) (USD $) Share data in Millions, unless otherwise specified	3 Months Ended		9 Months Ended			12 Months Ended				12 Months Ended			12 Months Ended		3 Months Ended				3 Months Ended	9 Months Ended		9 Months Ended					3 Months Ended													3 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2011	Sep. 30, 2011 Senior Notes	Jun. 30, 2012 Senior Notes	Jun. 30, 2012 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Nov. 30, 2010 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2011 Senior Notes 6 1/2% Senior Notes Maturing 2013 [Member]	Sep. 30, 2011 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Jun. 30, 2012 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Sep. 30, 2011 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Jun. 30, 2012 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Mar. 31, 2012 Senior Notes Tangible Equity Units TEUs	May 31, 2010 Senior Notes Tangible Equity Units TEUs	Jun. 30, 2012 Convertible Subordinated Debt	Sep. 30, 2011 Convertible Subordinated Debt	Mar. 31, 2012 Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jun. 30, 2012 Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jan. 12, 2010 Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jun. 30, 2012 Junior Subordinated Notes	Jun. 01, 2012 Junior Subordinated Notes	Sep. 30, 2011 Junior Subordinated Notes	Jan. 15, 2010 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Jun. 30, 2011 Cash Secured Loan	Jun. 30, 2012 Cash Secured Loan	Sep. 30, 2011 Cash Secured Loan	Nov. 30, 2010 Cash Secured Loan	Jun. 30, 2012 Other Secured Notes Payable	Sep. 30, 2011 Other Secured Notes Payable	Jun. 30, 2012 Secured Revolving Credit Facility	Sep. 30, 2011 Secured Revolving Credit Facility	Jul. 31, 2011 Secured Revolving Credit Facility	Jun. 30, 2012 Letter of Credit	Sep. 30, 2011 Letter of Credit	Jun. 30, 2012 Minimum Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jun. 30, 2012 Maximum Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Mar. 31, 2012 Common Stock
Line of Credit Facility [Abstract]
Credit facility borrowing capacity																																			$ 22,000,000	$ 92,000,000
Inventory assets pledged as collateral																																	1,000,000,000
Outstanding borrowings under the Secured Revolving Credit Facility																																	0	0
Letters of credit secured using cash collateral																																				23,800,000	28,900,000
Senior Notes [Abstract]
Beazer homes' ownership interest in gurantor subsidiaries	100.00%		100.00%
Percent of original debt amount required to be offered for repurchase (percent)							10.00%
Minimum consolidated tangible net worth	85,000,000		85,000,000
Amount of original debt that could be repurchased							62,500,000
Consolidated tangible net worth	141,200,000		141,200,000
Aggregate principal amount of debt									250,000,000							15,700,000					57,500,000				75,000,000	103,100,000				32,600,000
Debt redeemed or repurchased			3,369,000	213,755,000		209,500,000				164,500,000	37,000,000		8,000,000
Aggregate purchase price of Senior Notes						210,000,000
Installments as an annual cash payment percentage (percent)																7.25%
Prepaid stock purchase contracts recorded as equity																57,400,000
Shares exchanged for common stock																																								13.8
Debt instrument stated interest rate (percent)								9.125%				6.875%		8.125%								7.987%
Loss on extinguishment of debt	0	(95,000)	2,747,000	2,909,000		2,900,000									700,000
Tangible Capital [Abstract]
Tangible Equity Units (TEUs) issued during period, (units)															2,800,000	3,000,000
Senior amortizing notes exchanged for Tangible Equity Units															7,200,000
Convertible Subordinated Debt [Abstract]
Fixed conversion ratio (shares per $25)																				5.4348
Number of common stock exchanged for debt (shares)																																								11.0
Value of convertible debt exchanged for common stock																			48,100,000
Inducement expense recognized																			2,000,000
Debt instrument initial conversion rate (shares per $25)																																						4.4547	5.4348
Junior Subordinated Notes [Abstract]
Effective period of debt instrument interest rate																						10 years
Three-month LIBOR																						three-month LIBOR					LIBOR
Spread on three-month LIBOR rate (percent)																						2.45%						0.40%
Debt instrument variable rate floor (percent)																						4.25%
Debt instrument variable rate cap (percent)																						9.25%
Debt instrument redemption price (percent)																							75.00%
Annual redemption price rate increase (percent)																						1.785%
Unamortized accretion	20,348,000		20,348,000		23,243,000	23,243,000	20,348,000															(49,700,000)
Secured Debt [Abstract]
Combined total of loan facilities																														275,000,000
Additional borrowings under cash secured loan facilities																											214,800,000
Long-term debt	$ 1,442,407,000		$ 1,442,407,000		$ 1,488,826,000	$ 1,132,152,000	$ 1,125,377,000										$ 9,402,000	$ 57,500,000		$ 9,400,000		$ 51,087,000		$ 49,537,000				$ 247,368,000	$ 247,368,000		$ 9,173,000	$ 2,269,000
Weighted average fixed interest rate of debt (percent)																															4.34%

Income Taxes - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended
Income Taxes - Narrative (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Sep. 30, 2011
Income Tax Disclosure [Line Items]
(Benefit from) provisions for income taxes	$ 145,000	$ 3,589,000	$ (36,438,000)	$ 570,000
Increase (decrease) in unrecognized tax benefits	100,000		(27,600,000)
Accrued interest and penalties	2,400,000		2,400,000		8,200,000
Valuation allowance	489,400,000		489,400,000
Maximum
Income Tax Disclosure [Line Items]
Limit on operating loss carryforwards and recognition	11,400,000		11,400,000
Limit on operating loss carryforwards and recognition, tax-effected	$ 4,000,000		$ 4,000,000

Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.

+ References+ Details

The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

+ References+ Details

This element represents the total of accruals as of the date of the statement of financial position for interest recognized for an underpayment of income taxes computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity and the amount of statutory penalties for a tax position claimed or expected to be claimed by the entity, in its tax return, that does not meet the minimum statutory threshold to avoid payment of penalties.

+ References+ Details

Contingencies - Warranty (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 16,133	$ 18,699	$ 17,916	$ 25,821
Accruals for warranties issued	1,963	1,344	5,191	3,158
Changes in liability related to warranties existing in prior periods	(565)	(504)	(1,916)	(3,187)
Payments made	(1,497)	(2,285)	(5,157)	(8,538)
Balance at end of period	$ 16,034	$ 17,254	$ 16,034	$ 17,254

Contingencies - Litigation and Other Matters (Details) (USD $)	9 Months Ended						12 Months Ended			0 Months Ended	3 Months Ended
	Jun. 30, 2012 homes	Sep. 30, 2011	Jun. 30, 2012 Performance Bonds	Jun. 30, 2012 Letter of Credit	Sep. 30, 2011 Letter of Credit	Sep. 30, 2011 South Edge Settlement Agreement	Sep. 30, 2006 First Order New Jersey Department of Environmental Protection - Violation of Permit	Sep. 30, 2006 Second Order New Jersey Department of Environmental Protection - Violation of Permit	Jun. 30, 2012 Maximum loans	Mar. 14, 2011 Pending Litigation loans	Jun. 30, 2012 Corporate and unallocated
Loss Contingencies [Line Items]
Minimum standard product warranty period	1 year
Maximum standard product warranty period	2 years
Number of units under warranty requiring service	60
Percent of units with completed repiars (percent)	97.00%
Recovery related to warranty and legal expenditures											$ 11,000,000
Amount demanded per the complaint to recover purported losses							630,000	678,000		8,700,000
Number of loans involved in lawsuit										73
Number of mortgage loans requested to be repurchased									100
Company's liability under Deferred Prosecution Agreement (percent)	4.00%
Maximum liability under the DPA and other settlement agreements	55,000,000
Portion of liability under DPA that has been paid as of balance sheet date	16,000,000
Accrued amounts for litigation and other contingent liabilities	16,800,000	30,400,000				15,700,000
Letters of credit secured using cash collateral				23,800,000	28,900,000
Cash collateral in restricted accounts securing letters of credit			$ 154,200,000

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) (Fair Value, Measurements, Nonrecurring, USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Jun. 30, 2011
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	$ 0	$ 0
Land held for sale	0
Right to purchase land		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	0	0
Land held for sale	0
Right to purchase land		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	20,857	39,373
Land held for sale	1,780
Right to purchase land		13,184
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	20,857	39,373
Land held for sale	1,780
Right to purchase land		$ 13,184

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 1,185,866	$ 1,239,189
Carrying Amount \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,125,377	1,132,152
Mandatory Convertible Subordinated Notes	9,402	57,500
Carrying Amount \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	51,087	49,537
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	1,128,254	928,918
Fair Value \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,070,619	856,634
Mandatory Convertible Subordinated Notes	6,548	22,747
Fair Value \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	$ 51,087	$ 49,537

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents notes payable as of the balance sheet date.

+ References+ Details

Fair Value Measurements - Narrative (Details) (USD $)	9 Months Ended
Fair Value Measurements - Narrative (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2011
Fair Value Disclosures [Abstract]
Impairment for development projects and homes in process	$ 8,900,000	$ 24,500,000
Impairment of land held for sale	700,000	200,000
Impairment of joint venture investments	$ 36,000	$ 600,000

Stock-based Compensation (Details) (USD $)	3 Months Ended	9 Months Ended			3 Months Ended	9 Months Ended			9 Months Ended	3 Months Ended	9 Months Ended
Stock-based Compensation (Details) (USD $)	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Stock Options [Member]	Jun. 30, 2012 SSARs / Stock Options [Member]	Jun. 30, 2012 SSARs / Stock Options [Member]	Jun. 30, 2012 Nonvested Stock Awards [Member]	Sep. 30, 2011 Nonvested Stock Awards [Member]	Jun. 30, 2012 Performance Shares [Member]	Jun. 30, 2012 Nonvested Stock Awards and Performance Shares [Member]	Jun. 30, 2012 Nonvested Stock Awards and Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation included in general and administrative expenses	$ 700,000
Total stock-based compensation included in general and administrative expenses, net of tax	500,000
Number of shares surrendered by emloyees (shares)		12,553	39,861
Aggregate value of shares surrendered		34,000	163,000
Intrinsic value of SSAR/stock options outstanding					600,000	600,000
Aggregate intrinsic value of SSARs/stock options vested and expected to vest					600,000	600,000
SSARs/stock options weighted average expected life (years)						2 years 10 months 24 days
Unrecognized compensation costs related to non-vested stock awards							2,800,000	4,000,000
Weighted average period to recognize remaining cost (years)							1 year 6 months
Increase in target number of Performance Shares (percent)									50.00%
Non-vested stock performance period (years)									3 years
Expected dividend yield on performance shares (percent)									0.00%
Expected volatility rate range minimum (percent)									36.00%
Expected volatility rate range maximum (percent)									61.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions [Abstract]
Expected life of options				5 years
Expected volatility				44.77%
Expected discrete dividends				$ 0
Weighted average risk-free interest rate				0.90%					0.43%
Weighted average fair value				$ 0.86
Share-based Compensation Arrangement by Share-based Payment Award, Outstanding [Roll Forward]
Shares outstanding at beginning of period (shares)					2,281,684	1,876,238
Granted (shares)					0	547,536				29,419	899,565
Expired (shares)					(7,437)	(54,740)
Forfeited (shares)					(84,637)	(179,424)
Shares outstanding at end of period (shares)					2,189,610	2,189,610
Exercisable at end of period					1,081,992	1,081,992
Vested or expected to vest in the future (shares)					2,177,069	2,177,069
Share-based Compensation Arrangement by Share-based Payment Award, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted average exercise price of shares outstanding at beginning of period					$ 7.96	$ 9.77
Weighted average exercise price of shares granted					$ 0.00	$ 2.16
Weighted average exercise price of shares expired					$ 4.87	$ 16.50
Weighted average exercise price of shares forfeited					$ 4.65	$ 4.82
Weighted average exercise price of shares outstanding at beginning of period					$ 8.10	$ 8.10
Weighted average exercise price of shares exercisable at end of period					$ 12.85	$ 12.85
Weighted average exercise price of shares vested or expected to vest in the future					$ 8.12	$ 8.12
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares outstanding at beginning of period (shares)										2,158,968	1,440,397
Granted (shares)					0	547,536				29,419	899,565
Shares vested (shares)										(17,647)	(72,415)
Shares forfeited (shares)										(109,554)	(206,361)
Shares outstanding at end of period (shares)										2,061,186	2,061,186
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value of shares outstanding at beginning of period										$ 4.45	$ 6.77
Weighted average grant date fair value of shares granted									$ 1.13	$ 3.00	$ 1.44
Weighted average grant date fair value of shares vested in period										$ 34.00	$ 21.23
Weighted average grant date fair value of shares forfeited in period										$ 9.02	$ 6.86
Weighted average grant date fair value of shares outstanding at end of period										$ 3.93	$ 3.93

Segment Information (Details) (USD $)

3 Months Ended

9 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

May 03, 2012

homes

Sep. 30, 2011

homes

$ 254,555,000

$ 172,829,000

$ 634,746,000

$ 407,497,000

(21,155,000)

(35,239,000)

(55,548,000)

(108,082,000)

Loss on extinguishment of debt

48,000

63,000

(25,000)

372,000

95,000

(2,747,000)

(2,909,000)

Other expense, net

(16,804,000)

^[1]

(17,085,000)

^[1]

(53,342,000)

^[1]

(46,616,000)

^[1]

Loss from continuing operations before income taxes

(37,911,000)

(52,166,000)

(111,662,000)

(157,235,000)

3,743,000

2,660,000

9,336,000

6,627,000

15,117,000

12,134,000

Previously owned rental homes, net

1,826,748,000

1,977,477,000

11,347,000

Benefit from cash reimbursement from former Chief Executive Officer

6,800,000

Operating Segments

6,226,000

(4,093,000)

10,924,000

(31,617,000)

2,956,000

1,938,000

7,122,000

4,285,000

West Segment

99,092,000

55,502,000

247,726,000

131,841,000

2,719,000

(2,542,000)

5,505,000

(28,567,000)

1,685,000

1,160,000

3,555,000

2,282,000

2,131,000

3,197,000

639,744,000

649,057,000

East Segment

98,930,000

77,895,000

255,940,000

186,527,000

197,000

1,905,000

344,000

1,462,000

728,000

544,000

2,038,000

1,517,000

2,890,000

1,720,000

359,526,000

372,984,000

Southeast Segment

56,328,000

39,288,000

129,966,000

88,985,000

3,339,000

(3,381,000)

5,304,000

(4,194,000)

486,000

222,000

1,199,000

473,000

1,620,000

1,189,000

180,240,000

162,135,000

Pre-Owned Segment

205,000

144,000

1,114,000

144,000

(29,000)

(75,000)

(229,000)

(318,000)

57,000

12,000

330,000

13,000

7,932,000

^[2]

4,801,000

^[2]

Previously owned rental homes, net

^[2]

12,315,000

^[2]

11,300,000

Number of pre-owned homes owned

190

120

Corporate and unallocated

(27,381,000)

^[3]

(31,146,000)

^[3]

(66,472,000)

^[3]

(76,465,000)

^[3]

787,000

^[3]

722,000

^[3]

2,214,000

^[3]

2,342,000

^[3]

544,000

1,227,000

647,238,000

^[4]

647,238,000

^[4]

780,986,000

^[4]

$ 11,000,000

[1]	The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.
[2]	Pre-owned assets included the cost of previously owned homes, net of accumulated depreciation, totaling $11.3 million (120 homes) as of September 30, 2011. Capital expenditures represent the purchase of previously owned homes through May 2, 2012 and June 30, 2011, respectively.
[3]	Corporate and unallocated includes amortization of capitalized interest and numerous shared services functions that benefit all segments, the costs of which are not allocated to the operating segments reported above including information technology, national sourcing and purchasing, treasury, corporate finance, legal, branding and other national marketing costs. For the nine months ended June 30, 2012, corporate and unallocated also includes an $11 million recovery related to old water intrusion warranty and related legal expenditures.
[4]	Primarily consists of cash and cash equivalents, consolidated inventory not owned, deferred taxes, capitalized interest and other items that are not allocated to the segments.

Pre-owned Homes Business (Details) (USD $) In Thousands, unless otherwise specified	2 Months Ended	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Pre-Owned Segment	May 03, 2012 Pre-Owned Segment homes	Sep. 30, 2011 Pre-Owned Segment homes
Pre-Owned Home Business [Line Items]
Payments to Acquire Equity Method Investments	$ 300	$ 2,075	$ 1,763
Number of pre-owned homes owned					190	120
Number of Pre-owned homes owned and leased					187
Beazer homes' ownership interest in unconsolidated REIT	100.00%	100.00%		25.00%	23.50%

Condensed Financial Statements, Captions [Line Items]

The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

+ References+ Details

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011	Sep. 30, 2010
ASSETS
Cash and cash equivalents	$ 231,616	$ 370,403	$ 274,645	$ 537,121
Restricted cash	271,782	277,058
Accounts receivable (net of allowance of $2,194 and $3,872, respectively)	25,010	28,303
Income tax receivable	2,398	4,823
Owned inventory	1,186,817	1,192,380
Consolidated inventory not owned	14,078	11,753
Investments in unconsolidated entities	41,587	9,467
Deferred tax assets, net	6,245	2,760
Property, plant and equipment, net	20,849	22,613
Previously owned rental homes, net	0	11,347
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	26,366	46,570
Total assets	1,826,748	1,977,477
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	73,473	72,695
Other liabilities	125,764	212,187
Intercompany	0	0
Obligations related to land not owned under option agreements	6,029	5,389
Total debt (net of discounts of $20,348 and $23,243, respectively)	1,442,407	1,488,826
Total liabilities	1,647,673	1,779,097
Stockholders' equity	179,075	198,380
Total liabilities and stockholders' equity	1,826,748	1,977,477
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	225,625	360,723	277,985	530,847
Restricted cash	271,446	276,678
Accounts receivable (net of allowance of $2,194 and $3,872, respectively)	0	0
Income tax receivable	2,398	4,823
Owned inventory	0	0
Consolidated inventory not owned	0	0
Investments in unconsolidated entities	773	773
Deferred tax assets, net	6,245	2,760
Property, plant and equipment, net	0	0
Previously owned rental homes, net	0	0
Investments in subsidiaries	80,788	100,996
Intercompany	1,048,607	1,013,753
Other assets	15,466	18,550
Total assets	1,651,348	1,779,056
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	37,937	93,047
Intercompany	1,102	1,072
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $20,348 and $23,243, respectively)	1,433,234	1,486,557
Total liabilities	1,472,273	1,580,676
Stockholders' equity	179,075	198,380
Total liabilities and stockholders' equity	1,651,348	1,779,056
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	6,622	10,488	324	8,343
Restricted cash	336	380
Accounts receivable (net of allowance of $2,194 and $3,872, respectively)	25,001	28,292
Income tax receivable	0	0
Owned inventory	1,186,817	1,192,380
Consolidated inventory not owned	14,078	11,753
Investments in unconsolidated entities	40,814	8,694
Deferred tax assets, net	0	0
Property, plant and equipment, net	20,849	22,613
Previously owned rental homes, net	0	11,347
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	9,050	25,190
Total assets	1,303,567	1,311,137
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	73,473	72,695
Other liabilities	85,580	116,210
Intercompany	1,052,214	1,018,680
Obligations related to land not owned under option agreements	6,029	5,389
Total debt (net of discounts of $20,348 and $23,243, respectively)	9,173	2,269
Total liabilities	1,226,469	1,215,243
Stockholders' equity	77,098	95,894
Total liabilities and stockholders' equity	1,303,567	1,311,137
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	1,073	418	1,159	200
Restricted cash	0	0
Accounts receivable (net of allowance of $2,194 and $3,872, respectively)	9	11
Income tax receivable	0	0
Owned inventory	0	0
Consolidated inventory not owned	0	0
Investments in unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property, plant and equipment, net	0	0
Previously owned rental homes, net	0	0
Investments in subsidiaries	0	0
Intercompany	3,005	4,773
Other assets	1,850	2,830
Total assets	5,937	8,032
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	2,247	2,930
Intercompany	0	0
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $20,348 and $23,243, respectively)	0	0
Total liabilities	2,247	2,930
Stockholders' equity	3,690	5,102
Total liabilities and stockholders' equity	5,937	8,032
Consolidating Adjustments
ASSETS
Cash and cash equivalents	(1,704)	(1,226)	(4,823)	(2,269)
Restricted cash	0	0
Accounts receivable (net of allowance of $2,194 and $3,872, respectively)	0	0
Income tax receivable	0	0
Owned inventory	0	0
Consolidated inventory not owned	0	0
Investments in unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property, plant and equipment, net	0	0
Previously owned rental homes, net	0	0
Investments in subsidiaries	(80,788)	(100,996)
Intercompany	(1,051,612)	(1,018,526)
Other assets	0	0
Total assets	(1,134,104)	(1,120,748)
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(1,053,316)	(1,019,752)
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $20,348 and $23,243, respectively)	0	0
Total liabilities	(1,053,316)	(1,019,752)
Stockholders' equity	(80,788)	(100,996)
Total liabilities and stockholders' equity	$ (1,134,104)	$ (1,120,748)

Supplemental Guarantor Information - Unaudited Consolidating Statement of Operations (Details) (USD $)

3 Months Ended

9 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

$ 254,555,000

$ 172,829,000

$ 634,746,000

$ 407,497,000

Inventory impairments and option contract abandonments

227,505,000

152,124,000

560,564,000

358,413,000

5,819,000

6,870,000

10,492,000

25,331,000

21,231,000

13,835,000

63,690,000

23,753,000

10,776,000

7,843,000

27,522,000

18,066,000

27,867,000

38,571,000

82,380,000

107,142,000

3,743,000

2,660,000

9,336,000

6,627,000

(21,155,000)

(35,239,000)

(55,548,000)

(108,082,000)

48,000

63,000

(25,000)

372,000

95,000

(2,747,000)

(2,909,000)

Loss from continuing operations before income taxes

(16,804,000)

^[1]

(17,085,000)

^[1]

(53,342,000)

^[1]

(46,616,000)

^[1]

(37,911,000)

(52,166,000)

(111,662,000)

(157,235,000)

145,000

3,589,000

(36,438,000)

570,000

(38,056,000)

(55,755,000)

(75,224,000)

(157,805,000)

(1,828,000)

(3,365,000)

(3,869,000)

(3,878,000)

Condensed Financial Statements, Captions [Line Items]

(39,884,000)

(59,120,000)

(79,093,000)

(161,683,000)

Beazer Homes USA, Inc.

Inventory impairments and option contract abandonments

15,649,000

11,179,000

41,128,000

26,352,000

222,000

380,000

275,000

1,789,000

(15,871,000)

(11,559,000)

(41,403,000)

(28,141,000)

(15,871,000)

(11,559,000)

(41,403,000)

(28,141,000)

95,000

(2,747,000)

(2,909,000)

Loss from continuing operations before income taxes

(17,233,000)

(17,707,000)

(55,147,000)

(55,688,000)

(33,104,000)

(29,171,000)

(99,297,000)

(86,738,000)

(12,868,000)

(11,339,000)

(38,597,000)

(33,715,000)

(17,820,000)

(37,923,000)

(14,524,000)

(104,782,000)

(38,056,000)

(55,755,000)

(75,224,000)

(157,805,000)

(1,828,000)

(3,365,000)

(3,869,000)

(3,878,000)

Condensed Financial Statements, Captions [Line Items]

(39,884,000)

(59,120,000)

(79,093,000)

(161,683,000)

Guarantor Subsidiaries

254,555,000

172,829,000

634,746,000

407,497,000

Inventory impairments and option contract abandonments

212,096,000

141,231,000

520,137,000

332,880,000

5,597,000

6,490,000

10,217,000

23,542,000

36,862,000

25,108,000

104,392,000

51,075,000

10,776,000

7,843,000

27,522,000

18,066,000

27,840,000

38,545,000

82,291,000

107,052,000

3,743,000

2,660,000

9,336,000

6,627,000

(5,497,000)

(23,940,000)

(14,757,000)

(80,670,000)

48,000

63,000

(25,000)

372,000

Loss from continuing operations before income taxes

414,000

609,000

1,780,000

9,015,000

(5,035,000)

(23,268,000)

(13,002,000)

(71,283,000)

12,936,000

14,832,000

1,936,000

34,010,000

(17,971,000)

(38,100,000)

(14,938,000)

(105,293,000)

(1,820,000)

(3,362,000)

(3,858,000)

(3,870,000)

Condensed Financial Statements, Captions [Line Items]

(19,791,000)

(41,462,000)

(18,796,000)

(109,163,000)

Non-Guarantor Subsidiaries

240,000

286,000

701,000

819,000

Inventory impairments and option contract abandonments

240,000

286,000

701,000

819,000

27,000

26,000

89,000

90,000

213,000

260,000

612,000

729,000

Loss from continuing operations before income taxes

15,000

13,000

25,000

57,000

228,000

273,000

637,000

786,000

77,000

96,000

223,000

275,000

151,000

177,000

414,000

511,000

(8,000)

(3,000)

(11,000)

(8,000)

Condensed Financial Statements, Captions [Line Items]

143,000

174,000

403,000

503,000

Consolidating Adjustments

(240,000)

(286,000)

(701,000)

(819,000)

Inventory impairments and option contract abandonments

(240,000)

(286,000)

(701,000)

(819,000)

Loss from continuing operations before income taxes

17,820,000

37,923,000

14,524,000

104,782,000

17,820,000

37,923,000

14,524,000

104,782,000

1,828,000

3,365,000

3,869,000

3,878,000

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

$ 19,648,000

$ 41,288,000

$ 18,393,000

$ 108,660,000

[1]	The nine months ended June 30, 2011, includes a $6.8 million benefit related to the cash reimbursement from our former CEO in connection with his consent agreement with the Securities and Exchange Commission.

Supplemental Guarantor Information - Unaudited Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	$ (106,412)	$ (277,618)
Cash flows from investing activities:
Capital expenditures	(15,117)	(12,134)
Investments in unconsolidated entities	(2,075)	(1,763)
Return of capital from unconsolidated entities	440	0
Increases in restricted cash	(1,679)	(250,074)
Decreases in restricted cash	6,955	4,950
Net cash used in investing activities	(11,476)	(259,021)
Cash flows from financing activities:
Repayment of debt	(3,369)	(213,755)
Settlement of unconsolidated entity debt obligation	(15,862)	0
Proceeds from issuance of new debt	0	246,387
Proceeds from issuance of cash secured loan	0	247,368
Debt issuance costs	(274)	(5,130)
Equity issuance costs	(1,296)	0
Common stock redeemed	(34)	(163)
Excess tax benefit from equity-based compensation	(64)	(544)
Dividends paid	0
Increase (Decrease) in Due to Related Parties	0	0
Net cash (used in) provided by financing activities	(20,899)	274,163
Decrease in cash and cash equivalents	(138,787)	(262,476)
Cash and cash equivalents at beginning of period	370,403	537,121
Cash and cash equivalents at end of period	231,616	274,645
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(109,339)	(33,549)
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of capital from unconsolidated entities	0
Increases in restricted cash	(645)	(250,526)
Decreases in restricted cash	5,878	5,539
Net cash used in investing activities	5,233	(244,987)
Cash flows from financing activities:
Repayment of debt	(2,460)	(212,841)
Settlement of unconsolidated entity debt obligation	(15,862)
Proceeds from issuance of new debt		246,387
Proceeds from issuance of cash secured loan		247,368
Debt issuance costs	(274)	(5,130)
Equity issuance costs	(1,296)
Common stock redeemed	(34)	(163)
Excess tax benefit from equity-based compensation	(64)	(544)
Dividends paid	(1,800)
Increase (Decrease) in Due to Related Parties	(9,202)	(249,403)
Net cash (used in) provided by financing activities	(30,992)	25,674
Decrease in cash and cash equivalents	(135,098)	(252,862)
Cash and cash equivalents at beginning of period	360,723	530,847
Cash and cash equivalents at end of period	225,625	277,985
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	2,225	(245,010)
Cash flows from investing activities:
Capital expenditures	(15,117)	(12,134)
Investments in unconsolidated entities	(2,075)	(1,763)
Return of capital from unconsolidated entities	440
Increases in restricted cash	(1,034)	452
Decreases in restricted cash	1,077	(589)
Net cash used in investing activities	(16,709)	(14,034)
Cash flows from financing activities:
Repayment of debt	(909)	(914)
Settlement of unconsolidated entity debt obligation	0
Proceeds from issuance of new debt		0
Proceeds from issuance of cash secured loan		0
Debt issuance costs	0	0
Equity issuance costs	0
Common stock redeemed	0	0
Excess tax benefit from equity-based compensation	0	0
Dividends paid	0
Increase (Decrease) in Due to Related Parties	11,527	251,939
Net cash (used in) provided by financing activities	10,618	251,025
Decrease in cash and cash equivalents	(3,866)	(8,019)
Cash and cash equivalents at beginning of period	10,488	8,343
Cash and cash equivalents at end of period	6,622	324
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	702	941
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of capital from unconsolidated entities	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Repayment of debt	0	0
Settlement of unconsolidated entity debt obligation	0
Proceeds from issuance of new debt		0
Proceeds from issuance of cash secured loan		0
Debt issuance costs	0	0
Equity issuance costs	0
Common stock redeemed	0	0
Excess tax benefit from equity-based compensation	0	0
Dividends paid	1,800
Increase (Decrease) in Due to Related Parties	(1,847)	18
Net cash (used in) provided by financing activities	(47)	18
Decrease in cash and cash equivalents	655	959
Cash and cash equivalents at beginning of period	418	200
Cash and cash equivalents at end of period	1,073	1,159
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of capital from unconsolidated entities	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Repayment of debt	0	0
Settlement of unconsolidated entity debt obligation	0
Proceeds from issuance of new debt		0
Proceeds from issuance of cash secured loan		0
Debt issuance costs	0	0
Equity issuance costs	0
Common stock redeemed	0	0
Excess tax benefit from equity-based compensation	0	0
Dividends paid	0
Increase (Decrease) in Due to Related Parties	(478)	(2,554)
Net cash (used in) provided by financing activities	(478)	(2,554)
Decrease in cash and cash equivalents	(478)	(2,554)
Cash and cash equivalents at beginning of period	(1,226)	(2,269)
Cash and cash equivalents at end of period	$ (1,704)	$ (4,823)

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information Parentheticals (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Sep. 30, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Allowances for accounts receivable	$ 2,194	$ 3,872

Discontinued Operations - Results of Discontinued Operations (Details) (USD $)

3 Months Ended

9 Months Ended

Jun. 30, 2012

Jun. 30, 2011

Jun. 30, 2012

Jun. 30, 2011

Inventory impairments and option contract abandonments

$ 227,505,000

$ 152,124,000

$ 560,564,000

$ 358,413,000

5,819,000

6,870,000

10,492,000

25,331,000

21,231,000

13,835,000

63,690,000

23,753,000

10,776,000

7,843,000

27,522,000

18,066,000

27,867,000

38,571,000

82,380,000

107,142,000

3,743,000

2,660,000

9,336,000

6,627,000

(21,155,000)

(35,239,000)

(55,548,000)

(108,082,000)

(16,804,000)

^[1]

(17,085,000)

^[1]

(53,342,000)

^[1]

(46,616,000)

^[1]

145,000

3,589,000

(36,438,000)

570,000

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

(1,828,000)

(3,365,000)

(3,869,000)

(3,878,000)

Discontinued Operations

2,207,000

4,717,000

5,681,000

14,627,000

Inventory impairments and option contract abandonments

2,509,000

4,002,000

5,444,000

11,236,000

545,000

2,494,000

579,000

2,814,000

(847,000)

(1,779,000)

(342,000)

577,000

46,000

229,000

217,000

901,000

919,000

908,000

3,636,000

2,652,000

10,000

282,000

35,000

406,000

Equity in loss of unconsolidated entities

(1,822,000)

(3,198,000)

(4,230,000)

(3,382,000)

(1,000)

(164,000)

(37,000)

(513,000)

(Loss) income from discontinued operations before income taxes

(10,000)

26,000

(1,823,000)

(3,362,000)

(4,277,000)

(3,869,000)

5,000

3,000

(408,000)

9,000