Document and Entity Information	3 Months Ended
Document and Entity Information	Dec. 31, 2012	Jan. 25, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	BEAZER HOMES USA INC
Entity Central Index Key	0000915840
Document Type	10-Q
Document Period End Date	Dec. 31, 2012
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		25,095,788

Unaudited Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
ASSETS
Cash and cash equivalents	$ 396,696	$ 487,795
Restricted cash	251,455	253,260
Accounts receivable (net of allowance of $2,184 and $2,235, respectively)	23,484	24,599
Income tax receivable	2,513	6,372
Inventory
Owned inventory	1,141,691	1,099,132
Land not owned under option agreements	9,205	12,420
Total inventory	1,150,896	1,111,552
Investments in unconsolidated entities	42,029	42,078
Deferred tax assets, net	6,924	6,848
Property, plant and equipment, net	18,054	18,974
Other assets	29,473	30,740
Total assets	1,921,524	1,982,218
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	56,062	69,268
Other liabilities	122,269	147,718
Obligations related to land not owned under option agreements	3,625	4,787
Total debt (net of discounts of $2,944 and $3,082, respectively)	1,496,951	1,498,198
Total liabilities	1,678,907	1,719,971
Stockholders' equity:
Preferred stock (par value $.01 per share, 5,000,000 shares authorized, no shares issued)	0	0
Common stock (par value $0.001 per share, 100,000,000 shares authorized, 24,690,033 and 24,601,830 issued and outstanding, respectively)	25	25
Paid-in capital	834,752	833,994
Accumulated deficit	(592,160)	(571,772)
Total stockholders' equity	242,617	262,247
Total liabilities and stockholders' equity	$ 1,921,524	$ 1,982,218

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
ASSETS
Allowances for accounts receivable	$ 2,184	$ 2,235
LIABILITIES AND STOCKHOLDERS’ EQUITY
Discounts on total debt	$ 2,944	$ 3,082
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	24,690,033	24,601,830
Common stock, shares outstanding	24,690,033	24,601,830

Unaudited Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Income Statement [Abstract]
Total revenue	$ 246,902	$ 188,548
Home construction and land sales expenses	210,614	162,776
Inventory impairments and option contract abandonments	204	3,503
Gross profit	36,084	22,269
Commissions	10,642	8,371
General and administrative expenses	26,328	28,194
Depreciation and amortization	2,715	2,403
Operating loss	(3,601)	(16,699)
Equity in income (loss) of unconsolidated entities	36	(77)
Other expense, net	(15,627)	(18,273)
Loss from continuing operations before income taxes	(19,192)	(35,049)
Benefit from income taxes	(253)	(35,747)
(Loss) income from continuing operations	(18,939)	698
(Loss) income from discontinued operations, net of tax	(1,449)	41
Net (loss) income	$ (20,388)	$ 739
Weighted average number of shares:
Basic (shares)	24,294	14,833
Diluted (shares)	24,294	17,421
(Loss) earnings per share:
Basic (loss) earnings per share from continuing operations (US$ per share)	$ (0.78)	$ 0.05
Basic (loss) earnings per share from discontinued operations (US$ per share)	$ (0.06)	$ 0.00
Basic (loss) earnings per share (US$ per share)	$ (0.84)	$ 0.05
Diluted (loss) earnings per share from continuing operations (US$ per share)	$ (0.78)	$ 0.04
Diluted (loss) earnings per share from discontinued operations (US$ per share)	$ (0.06)	$ 0.00
Diluted (loss) earnings per share (US$ per share)	$ (0.84)	$ 0.04

Unaudited Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net (loss) income	$ (20,388)	$ 739
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,715	2,424
Stock-based compensation expense	784	1,279
Inventory impairments and option contract abandonments	221	3,535
Deferred and other income tax benefit	(102)	(36,065)
Provision for doubtful accounts	(51)	3
Equity in (income) loss of unconsolidated entities	(36)	106
Cash distributions of income from unconsolidated entities	200	0
Changes in operating assets and liabilities:
Decrease in accounts receivable	1,166	333
Decrease in income tax receivable	3,859	1,742
(Increase) decrease in inventory	(38,703)	12,097
Decrease in other assets	1,093	1,485
Decrease in trade accounts payable	(13,206)	(26,300)
Decrease in other liabilities	(24,982)	(32,448)
Other changes	(23)	(17)
Net cash used in operating activities	(87,453)	(71,087)
Cash flows from investing activities:
Capital expenditures	(1,772)	(8,636)
Investments in unconsolidated entities	(115)	(477)
Increases in restricted cash	(278)	(672)
Decreases in restricted cash	2,083	489
Net cash provided by (used in) investing activities	(82)	(9,296)
Cash flows from financing activities:
Repayment of debt	(1,902)	(1,522)
Debt issuance costs	(1,136)	(97)
Settlement of unconsolidated entity debt obligation	(500)	(15,862)
Payments for other financing activities	(26)	(15)
Net cash (used in) provided by financing activities	(3,564)	(17,496)
(Decrease) increase in cash and cash equivalents	(91,099)	(97,879)
Cash and cash equivalents at beginning of period	487,795	370,403
Cash and cash equivalents at end of period	$ 396,696	$ 272,524

Summary of Significant Accounting Policies

3 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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, 2012 (the 2012 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 14 for further discussion of our Discontinued Operations). On October 11, 2012, the Company announced the effectiveness of a one-for-five reverse stock split. All historic share and per share information, including earnings per share, in this Form 10-Q have been retroactively adjusted to reflect this reverse stock split. Certain items in prior period financial statements have been revised to conform to the current presentation. Our net loss is equivalent to our comprehensive loss so we have not presented a separate statement of 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 2012 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)	December 31, 2012		September 30, 2012
Income tax liabilities	$	22,160	$	22,225
Accrued warranty expenses	14,342		15,477
Accrued interest	16,097		28,673
Accrued and deferred compensation	13,812		24,612
Customer deposits	9,706		8,830
Other	46,152		47,901
Total	$	122,269	$	147,718

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.

- Definition

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.

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Supplemental Cash Flow Information

3 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Supplemental disclosure of non-cash activity:
(Decrease) increase in obligations related to land not owned under option agreements	$	(1,162	)	$	1,485
Decrease in future land purchase rights	—			(11,651		)
Contribution of future land purchase rights to unconsolidated entities	—			11,651
Supplemental disclosure of cash activity:
Interest payments	39,024			50,733
Income tax payments	15			179
Tax refunds received	3,925			1,966

- Definition

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.

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Investments in Unconsolidated Entities

3 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Joint Ventures

Investments in Unconsolidated Entities

As of December 31, 2012, we participated in certain land development joint ventures and other unconsolidated entities in which Beazer Homes had less than a controlling interest. 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 December 31, 2012 and September 30, 2012:



(In thousands)	December 31, 2012		September 30, 2012
Beazer’s investment in unconsolidated entities	$	42,029	$	42,078
Total equity of unconsolidated entity	443,526		383,482
Total outstanding borrowings of unconsolidated entities	64,281		64,912
Beazer’s estimate of its maximum exposure to our repayment guarantees	—		696

For the three months ended December 31, 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
	December 31,
(In thousands)	2012		2011
Continuing operations:
Income (loss) from unconsolidated entity activity	$	36	$	(77	)
Impairment of unconsolidated entity investment	—		—
Equity in income (loss) of unconsolidated entities - continuing operations	$	36	$	(77	)
Reported in loss from discontinued operations, net of tax:
Loss from unconsolidated entity activity	$	—	$	—
Impairment of unconsolidated entity investment	—		(29		)
Equity in loss of unconsolidated entities - discontinued operations	$	—	$	(29	)

South Edge/Inspirada

The Company holds a minority (less than 10%) interest in Inspirada Builders LLC which was formed in connection with the bankruptcy and subsequent plan of reorganization of the South Edge joint venture. During the quarter ended December 31, 2011, we paid $15.9 million in connection with this plan of reorganization. Our right to acquire land from Inspirada is a component of our investment. 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. In addition to our initial payment, we, as a member of the Inspirada joint venture, will have obligations for a portion of 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 costs and potential recoveries from previously filed bankruptcies of certain other South Edge 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, in future periods, we may be required to record adjustments to the carrying value of this Inspirada investment as better information becomes available.

Pre-Owned Rental Homes

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). The Company also received grants of restricted units in the REIT, of which a portion vested during the year ended September 30, 2012 and the quarter ended December 31, 2012. As of December 31, 2012, we held a 15.14% investment in the REIT.

Subsequent to the initial REIT offering, we entered into a transition services agreement with the REIT under which we 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 billed at our cost and recognized as other income were not material to our consolidated financial results.

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.

As of September 30, 2012, we had recorded $0.7 million in Other Liabilities related to one repayment guarantee. During the quarter ended December 31, 2012, we entered into a guarantee release agreement and paid $0.5 million to settle our liability and recognized the remaining $0.2 million as other income.

We and our joint venture partners 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 three months ended December 31, 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 not recorded a liability for the contingent aspects of any guarantees that we determined were reasonably possible but not probable.

- Definition

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.

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Inventory

3 Months Ended

Dec. 31, 2012

Real Estate [Abstract]

Inventory



(In thousands)	December 31, 2012		September 30, 2012
Homes under construction	$	261,062	$	251,828
Development projects in progress	422,262		391,019
Land held for future development	367,245		367,102
Land held for sale	8,576		10,149
Capitalized interest	41,922		38,190
Model homes	40,624		40,844
Total owned inventory	$	1,141,691	$	1,099,132

Homes under construction includes homes finished and ready for delivery and homes in various stages of construction. We had 147 ($33.6 million) and 174 ($39.7 million) substantially completed homes that were not subject to a sales contract (spec homes) at December 31, 2012 and September 30, 2012, 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 includes land held for sale in the markets we have decided to exit including Jacksonville, Florida, Charlotte, North Carolina and Detroit, Michigan. 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
December 31, 2012
West Segment	$	273,964	$	318,350	$	2,553	$	594,867
East Segment	274,709		25,274		3,326		303,309
Southeast Segment	150,685		23,621		75		174,381
Unallocated & Other	66,512		—		2,622		69,134
Total	$	765,870	$	367,245	$	8,576	$	1,141,691
September 30, 2012
West Segment	$	261,239	$	318,351	$	2,553	$	582,143
East Segment	279,954		25,130		3,204		308,288
Southeast Segment	118,853		23,621		1,675		144,149
Unallocated & Other	61,835		—		2,717		64,552
Total	$	721,881	$	367,102	$	10,149	$	1,099,132

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 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 December 31, 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 10.9% to 13.0% for the communities analyzed in the quarter ended December 31, 2012 and 14.3% to 17.0% for the quarter ended December 31, 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 December 31, 2012, and 2011. 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.



($ in thousands)		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 December 31, 2012
West	—	—	$	—	n/a
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Unallocated	—	—	752		n/a
Total	4	4	$	15,597	114.0	%
Quarter Ended December 31, 2011
West	7	4	$	15,543	96.7	%
East	4	1	1,711		100.8	%
Southeast	2	—	—		n/a
Unallocated	—	—	2,044		n/a
Total	13	5	$	19,298	97.4	%

There were no impairments recorded during the three months ended December 31, 2012 related to our discounted cash flow analyses. The table below summarizes the results of our discounted cash flow analysis for the three months ended December 31, 2011. The impairment charges below include impairments taken as a result of these discounted cash flow analyses and 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
Quarter Ended December 31, 2011
West	1	51	$	1,996	$	6,377
East	—	—	—		—
Southeast	—	—	—		—
Unallocated	—	—	—		—
Continuing Operations	1	51	$	1,996	$	6,377
Discontinued Operations	—	—	—		—
Total	1	51	$	1,996	$	6,377

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 the quarter ended December 31, 2011, 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 an impairment in one community in our West segment for the quarter ended December 31, 2011. There were no comparable impairments in the quarter ended December 31, 2012. 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 markets deteriorate.

The impairments on land held for sale 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. 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 deteriorate.

Also, we have determined the proper course of action with respect to a number of communities within each homebuilding segment was to not exercise certain options and to write-off the deposits securing the option takedowns and pre-acquisition costs, as applicable. 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. Abandonment charges relate to our decision to abandon or not exercise certain option contracts that are not projected to produce adequate results or 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 months ended December 31, 2012 and 2011:



	Quarter Ended December 31,
(In thousands)	2012		2011
Development projects and homes in process (Held for Development)
West	$	46	$	1,996
East	13		122
Southeast	—		118
Unallocated	—		48
Subtotal	$	59	$	2,284
Land Held for Sale
West	$	—	$	—
East	—		—
Southeast	—		208
Subtotal	$	—	$	208
Lot Option Abandonments
West	$	74	$	2
East	22		474
Southeast	49		534
Unallocated	—		1
Subtotal	$	145	$	1,011
Continuing Operations	$	204	$	3,503
Discontinued Operations
Held for Development	$	—	$	16
Land Held for Sale	17		—
Lot Option Abandonments	—		16
Subtotal	$	17	$	32
Total Company	$	221	$	3,535

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. 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, 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 December 31, 2012 and September 30, 2012:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of December 31, 2012
Consolidated VIEs	$	5,289	$	2,650	$	7,939
Other consolidated lot option agreements (a)	291		975		1,266
Unconsolidated lot option agreements	18,812		209,401		—
Total lot option agreements	$	24,392	$	213,026	$	9,205
As of September 30, 2012
Consolidated VIEs	$	7,203	$	3,346	$	10,549
Other consolidated lot option agreements (a)	430		1,441		1,871
Unconsolidated lot option agreements	17,290		193,711		—
Total lot option agreements	$	24,923	$	198,498	$	12,420


(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.

- Definition

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

3 Months Ended

Dec. 31, 2012

Real Estate Inventory Capitalized Interest Costs [Abstract]

Interest

Our ability to capitalize all interest incurred during the three months ended December 31, 2012 and 2011 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest:



	Quarter Ended December 31,
(In thousands)	2012			2011
Capitalized interest in inventory, beginning of period	$	38,190		$	45,973
Interest incurred	28,418			32,525
Capitalized interest impaired	—			(28		)
Interest expense not qualified for capitalization and included as other expense	(16,211		)	(19,117		)
Capitalized interest amortized to house construction and land sales expenses	(8,475		)	(12,843		)
Capitalized interest in inventory, end of period	$	41,922		$	46,510

Earnings Per Share

3 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Diluted earnings per share is calculated as follows (in thousands, except per share amounts):



	Quarter Ended December 31,
	2012			2011
Diluted:
(Loss) income from continuing operations	$	(18,939	)	$	698
(Loss) Income from discontinued operations, net of tax	(1,449		)	41
Net (loss) income	$	(20,388	)	$	739

Weighted average number of shares outstanding - basic	24,294			14,833
Effect of dilutive securities:
Shares issuable upon vesting of performance-based restricted stock	—			6
Shares issuable upon conversion of TEU prepaid stock purchase contracts	—			2,582
Weighted average number of shares outstanding-diluted	24,294			17,421

Diluted (loss) earnings per share from continuing operations	$	(0.78	)	$	0.04
Diluted (loss) earnings per share from discontinued operations	(0.06		)	—
Diluted (loss) earnings per share	$	(0.84	)	$	0.04

In computing diluted loss per share for the quarter ended December 31, 2012 , all common stock equivalents were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect, including options/stock-settled appreciation rights (SSARs) to purchase 0.6 million shares of common stock and 0.4 million and 8.1 million shares issuable upon the conversion of our Mandatory Convertible Notes and our TEU prepaid stock purchase contracts (based on the maximum potential shares upon conversion), respectively.

In computing diluted earnings per share for the three months ended December 31, 2011, 2.5 million common shares issuable upon conversion of our Mandatory Convertible Subordinated Notes and options/SSARs to purchase 0.5 million of common stock were excluded from the computation of diluted earnings per share as a result of their anti-dilutive effect.

During the quarter ended March 31, 2012, we exchanged 2.2 million shares of our common stock for $48.1 million of our Mandatory Convertible Subordinated Notes and 2.8 million shares of our common stock for 2.8 million TEUs comprised of prepaid stock purchase contracts and senior amortizing notes. During the quarter ended September 30, 2012, we issued an additional 4.6 million TEUs. As of December 31, 2012, there were $9.4 million of Mandatory Convertible Subordinated Notes and 4.8 million TEUs outstanding (including $22.0 million of amortizing notes). In January 2013, we issued 0.4 million shares of our common stock upon conversion of the Mandatory Convertible Subordinated Notes. If the remaining TEU instruments were converted at the maximum settlement factor under their respective agreements, we would be required to issue approximately 8.1 million shares of common stock to the instrument holders upon conversion. See Note 7 below for additional information related to the March 2012 conversion transactions and July 2012 TEU issuance.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Borrowings

3 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Borrowings

At December 31, 2012 and September 30, 2012 we had the following long-term debt, net of discounts:



(In thousands)	Maturity Date	December 31, 2012			September 30, 2012
6 7/8% Senior Notes	July 2015	$	172,454		$	172,454
8 1/8% Senior Notes	June 2016	172,879			172,879
6 5/8% Senior Secured Notes	April 2018	300,000			300,000
9 1/8% Senior Notes	June 2018	300,000			300,000
9 1/8% Senior Notes	May 2019	235,000			235,000
TEU Senior Amortizing Notes	August 2013	239			316
TEU Senior Amortizing Notes	August 2015	21,716			23,500
Unamortized debt discounts		(2,944		)	(3,082		)
Total Senior Notes, net		1,199,344			1,201,067
Mandatory Convertible Subordinated Notes	January 2013	9,402			9,402
Junior subordinated notes	July 2036	52,120			51,603
Cash Secured Loan	November 2017	227,368			227,368
Other secured notes payable	Various Dates	8,717			8,758
Total debt, net		$	1,496,951		$	1,498,198

Secured Revolving Credit Facility — In September 2012, we amended and expanded our Secured Revolving Credit Facility from $22 million to $150 million. The amended three-year amended Secured Revolving Credit Facility provides for future working capital and letter of credit needs collateralized by substantially all of the Company's personal property (excluding cash and cash equivalents) and real property. This facility is subject to various financial, collateral-based and negative covenants with which we are required to comply. As of December 31, 2012, we were in compliance with all such covenants and had $150 million of available borrowings under the Secured Revolving Credit Facility. We have elected to cash collateralize all letters of credit; however, as of December 31, 2012, we have pledged approximately $1 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 December 31, 2012 or September 30, 2012.

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 $220.0 million. As of December 31, 2012 and September 30, 2012, we have letters of credit outstanding of $23.0 million and $24.7 million, respectively, which are secured by cash collateral in restricted accounts. 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 December 31, 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 December 31, 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 December 31, 2012, our consolidated tangible net worth was $216.7 million.

In July 2012, we issued and sold $300 million aggregate principal amount of our 6.625% Senior Secured Notes due 2018 (Senior Secured Notes) through a private placement to qualified institutional buyers. The Senior Secured Notes were issued at par (before underwriting and other issuance costs). Interest on the Senior Secured Notes is payable semi-annually in cash in arrears, beginning October 15, 2012. The Senior Secured Notes will mature on April 15, 2018. The Senior Secured Notes were issued under an Indenture, dated as of July 18, 2012 (the "2012 Indenture”) which contains covenants which, subject to certain exceptions, limit the ability of the Company and its restricted subsidiaries to, among other things, incur additional indebtedness, engage in certain asset sales, make certain types of restricted payments and create liens on assets of the Company or the guarantors. The 2012 Indenture contains customary events of default.

Upon a change of control (as defined in the 2012 Indenture), the 2012 Indenture requires the Company to make an offer to repurchase the Senior Secured Notes at 101% of their principal amount, plus accrued and unpaid interest. If we sell certain assets and do not reinvest the net proceeds in compliance with the Indenture, then we must use the net proceeds to offer to repurchase the Senior Notes at 100% of their principal amount, plus accrued and unpaid interest. We may redeem the Senior Notes at any time prior to July 15, 2015, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium, plus accrued and unpaid interest to the redemption date. In addition, at any time on or prior to July 15, 2015, we may redeem up to 35% of the aggregate principal amount of Senior Secured Notes with the proceeds of certain equity offerings at a redemption price equal to 106.625% of the principal amount of the Senior Secured Notes plus accrued and unpaid interest, if any, to the date fixed for redemption; provided, that at least 65% of the aggregate principal amount of the Senior Secured Notes originally issued under the Indenture remain outstanding after such redemption. Thereafter, we may redeem some or all of the Senior Secured Notes at redemption prices set forth in the Indenture. These percentages range from 100.000% to 103.313%. During the quarter ended December 31, 2012, we exchanged substantially all of the Senior Secured Notes for publicly traded notes that are registered under the Securities Act of 1933.

Concurrently with the Senior Secured Notes offering, we called for redemption of all $250 million outstanding of our 12% senior secured notes due 2017. Cash used for this redemption, including payment of accrued interest and the contractual call premium was approximately $280 million. During the quarter ended September 30, 2012, we recorded a $42.4 million pre-tax loss on debt extinguishment (including write-off of unamortized discount and debt issuance costs) related to the redemption of the 12% senior secured notes due 2017.

During fiscal 2012, we redeemed or repurchased in open market transactions $15.0 million of our 9 1/8% Senior Notes due 2019 for an aggregate purchase price of $14.6 million, plus accrued and unpaid interest. These transactions resulted in a gain on debt extinguishment of $30,000, net of unamortized discounts and debt issuance costs. All Senior Notes redeemed/repurchased by the Company were canceled.

Senior Notes: Tangible Equity Units — In July 2012, we issued 4.6 million 7.5% TEUs, which were comprised of prepaid stock purchase contracts and senior amortizing notes. As the 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. Outstanding notes pay quarterly installments of principal and interest through maturity. The prepaid stock purchase contracts were originally accounted for as equity (additional paid in capital) at the initial fair value of these contracts based on the relative fair value method. The prepaid stock purchase contracts related to these July 2012 TEUs are scheduled to be settled in Beazer Homes' common stock on July 15, 2015.

During May 2010, we issued 3.0 million 7.25% TEUs (the 2010 TEUs). In March 2012, we exchanged 2.8 million shares of our common stock for 2.8 million 2010 TEUs (comprised of prepaid stock purchase contracts and $7.2 million of senior amortizing notes). Since our offer to convert the 2010 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 2010 TEUs. We compared the fair value of the common stock issued to the fair value of the 2010 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 2010 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 and totaled approximately $0.7 million. The remaining related prepaid stock purchase contracts issued May 2010 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 was payable quarterly in cash in arrears. Holders of the Mandatory Convertible Subordinated Notes had 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 0.8909 shares per $25 principal amount of notes.

During the quarter ended March 31, 2012, we exchanged 2.2 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 was included in loss on extinguishment of debt for the fiscal year ended September 30, 2012.

On January 15, 2013, the remaining $9.4 million of outstanding notes converted into 0.4 million shares of the Company’s common stock in accordance with the notes' conversion provisions.

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 Homes 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 Homes 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 canceled 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 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 December 31, 2012, the unamortized accretion was $48.7 million and will be amortized over the remaining life of the notes.

As of December 31, 2012, we were in compliance with all covenants under our Junior Notes.

Cash Secured Loans — We have entered into two separate loan facilities, totaling $227.4 million as of December 31, 2012, which provide for borrowings up to a combined total of $275 million through March 2013. 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 in November 2014. The loan matures in November 2017. Borrowings under the facilities are fully secured by cash held by the lender or its affiliates. This secured cash is included in restricted cash on our unaudited condensed consolidated balance sheet as of December 31, 2012 and September 30, 2012. 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. During the quarter ended September 30, 2012, we repaid $20 million of the outstanding cash secured term loan.

Other Secured Notes Payable — We periodically acquire land through the issuance of notes payable. As of December 31, 2012 and September 30, 2012, we had outstanding notes payable of $8.7 million and $8.8 million respectively, primarily related to land acquisitions. These notes payable have varying expiration dates between 2013 and 2019 and have a weighted average fixed rate of 3.81% at December 31, 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.

- Definition

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	3 Months Ended
Income Taxes	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended December 31, 2012 and 2011, our non-cash tax benefit from continuing operations was $0.3 million and $35.7 million primarily as a result of tax planning and the close of prior year statute of limitations for our prior year’s unrecognized tax benefits. For both periods ended December 31, 2012 and September 30, 2012, we had $2.5 million of accrued interest and penalties related to our unrecognized tax benefits. Our federal income tax returns for fiscal years 2007 through 2010, and certain state income tax returns for various fiscal years are under routine examination. The final outcome of these examinations are 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 December 31, 2012, our valuation allowance was $495.8 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.

- Definition

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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

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-Section 50

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-Name Accounting Standards Codification

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-SubTopic 10

-Section S99

-Paragraph 1

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

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-Name Accounting Standards Codification

-Topic 740

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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.

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-Name Statement of Financial Accounting Standard (FAS)

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-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

3 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

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 a result of our quarterly analyses, we adjust our estimated warranty liabilities if required. While we believe our warranty reserves are adequate as of December 31, 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:



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Balance at beginning of period	$	15,477		$	17,916
Accruals for warranties issued	1,428			1,487
Changes in liability related to warranties existing in prior periods	(1,302		)	(107		)
Payments made	(1,261		)	(1,882		)
Balance at end of period	$	14,342		$	17,414

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. 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. The settlement has received preliminary approval from the court. No Beazer homeowners opted out of the class and accordingly if the court grants final approval, it will resolve all claims against Beazer. The Company also continues to pursue recovery against responsible subcontractors, drywall suppliers and drywall manufacturers for its repair costs. As of December 31, 2012, we have recorded an immaterial amount related to our expected liability under the settlement.

As disclosed in prior SEC filings, we operated Beazer Mortgage Corporation (BMC) from 1998 through February 2008 to offer mortgage financing to buyers of our homes. BMC entered into various agreements with mortgage investors, pursuant to which BMC originated certain mortgage loans and ultimately sold these loans to investors. In general underwriting decisions were not made by BMC but by the investors themselves or third-party service providers. From time to time we have received claims from institutions which have acquired certain of these mortgages demanding damages or indemnity arising from BMC's activities or that we repurchase such mortgages. We have been able to resolve these claims for amounts that are not material to our consolidated financial position or results of operation. We currently have an insignificant number of such claims outstanding for which we believe we have no liability. However, we cannot rule out the potential for additional mortgage loan repurchase or indemnity claims in the future from other investors, although, at this time, we do not believe that the exposure related to any such claims would be material to our consolidated financial position or results of operations. As of December 31, 2012, no liability has been recorded for any such additional claims as such exposure is not both probable and reasonably 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 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 December 31, 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 do not believe that any exposure would be material to our consolidated financial position or results of operations.

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 $19.3 million and $19.4 million in other liabilities related to litigation and other matters, excluding warranty, as of December 31, 2012 and September 30, 2012, respectively.

We had outstanding letters of credit and performance bonds of approximately $23.0 million and $151.5 million, respectively, at December 31, 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 December 31, 2012.

- Definition

The entire disclosure for commitments and contingencies.

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+ Details

Fair Value Measurements

3 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of December 31, 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.

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. 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 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 three months ended December 31, 2012 and 2011:



(In thousands)	Level 1	Level 2	Level 3	Total
Three Months Ended December 31, 2012
Development projects in progress	—	—	—	—
Land held for sale	—	—	—	—
Three Months Ended December 31, 2011
Development projects in progress	—	—	6,377	6,377
Land held for sale	—	—	1,600	1,600

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 December 31, 2012				As of September 30, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,199,344	$	1,259,773	$	1,201,067	$	1,228,745
Mandatory Convertible Subordinated Notes	9,402		6,890		9,402		7,465
Junior Subordinated Notes	52,120		52,120		51,603		51,603
	$	1,260,866	$	1,318,783	$	1,262,072	$	1,287,813

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.

- Definition

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.

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+ Details

Stock-based Compensation

3 Months Ended

Dec. 31, 2012

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

Stock-based Compensation

For the three months ended December 31, 2012, our total stock-based compensation, included in general and administrative expenses (G&A), was approximately $0.8 million ($0.6 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 three months ended December 31, 2012 and 2011, employees surrendered 1,306 and 6,518 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 $11,000 for the three months ended December 31, 2012 and 2011, respectively.

Stock Options: We used the following assumptions for our options granted during the three months ended December 31, 2012:



Expected life of options	5.0 years
Expected volatility	46.15		%
Expected discrete dividends	—
Weighted average risk-free interest rate	0.63		%
Weighted average fair value	$	5.39

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 December 31, 2012, our SSAR/stock options outstanding had an intrinsic value of $1.2 million. The intrinsic value of SSARs/stock options vested and expected to vest in the future was $1.2 million. The SSARS/stock options vested and expected to vest in the future had a weighted average expected life of 3.0 years. The aggregate intrinsic value of exercisable SSARs/stock options as of December 31, 2012 was $0.2 million.

The following table summarizes stock options and SSARs outstanding as of December 31, 2012, as well as activity during the three months then ended:



	Three Months Ended
	December 31, 2012
	Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	429,965		$	40.80
Granted	155,565		13.33
Expired	(1,703	)	104.19
Forfeited	(1,970	)	19.08
Outstanding at end of period	581,857		$	33.35
Exercisable at end of period	301,795		$	50.33
Vested or expected to vest in the future	580,353		$	33.39

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 December 31, 2012 and September 30, 2012, there was $2.4 million and $2.1 million, respectively, of total unrecognized compensation cost related to nonvested stock awards included in paid-in capital. The cost remaining at December 31, 2012 is expected to be recognized over a weighted average period of 1.4 years.

During the three months ended December 31, 2012, we issued 31,532 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 (31,532) 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 $5.02 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 35.6% to 60.4% and a risk-free interest rate of 0.34%. 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 months ended December 31, 2012 is as follows:



	Three Months Ended
	December 31, 2012
	Shares		Weighted Average Grant Date Fair Value
Beginning of period	323,335		$	19.61
Granted	92,592		10.26
Vested	(31,653	)	10.80
Forfeited	(3,093	)	16.19
End of period	381,181		$	18.10

- Definition

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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+ Details

Segment Information

3 Months Ended

Dec. 31, 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 3 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 2012 Annual Report.



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Revenue
West	$	110,126	$	70,777
East	96,539		81,818
Southeast	40,237		35,568
Pre-Owned	—		385
Continuing Operations	$	246,902	$	188,548



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Operating income/(loss)
West	$	8,358		$	(591	)
East	6,188			806
Southeast	2,330			785
Pre-Owned	—			(138		)
Segment total	16,876			862
Corporate and unallocated (a)	(20,477		)	(17,561		)
Total operating loss	(3,601		)	(16,699		)
Equity in income (loss) of unconsolidated entities	36			(77		)
Other expense, net	(15,627		)	(18,273		)
Loss from continuing operations before income taxes	$	(19,192	)	$	(35,049	)



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Depreciation and amortization
West	$	1,022	$	780
East	683		505
Southeast	318		339
Pre-Owned	—		119
Segment total	2,023		1,743
Corporate and unallocated (a)	692		660
Continuing Operations	$	2,715	$	2,403



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Capital Expenditures
West	$	815	$	675
East	231		815
Southeast	24		626
Pre-Owned (b)	—		6,375
Corporate and unallocated	702		145
Consolidated total	$	1,772	$	8,636



(In thousands)	December 31, 2012		September 30, 2012
Assets
West	$	625,347	$	618,805
East	315,499		320,404
Southeast	186,652		160,868
Corporate and unallocated (c)	794,026		882,141
Consolidated total	$	1,921,524	$	1,982,218


(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.


(b)	Capital expenditures represent the purchase of previously owned homes during the quarter ended December 31, 2011.


(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.

- Definition

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.

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+ Details

Supplemental Guarantor Information

3 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor information

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.



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	398,678	$	931	$	599	$	(3,512	)	$	396,696
Restricted cash	251,074		381		—		—			251,455
Accounts receivable (net of allowance of $2,184)	—		23,480		4		—			23,484
Income tax receivable	2,513		—		—		—			2,513
Owned inventory	—		1,141,691		—		—			1,141,691
Consolidated inventory not owned	—		9,205		—		—			9,205
Investments in unconsolidated entities	773		41,256		—		—			42,029
Deferred tax assets, net	6,924		—		—		—			6,924
Property, plant and equipment, net	—		18,054		—		—			18,054
Investments in subsidiaries	66,746		—		—		(66,746		)	—
Intercompany	1,020,717		—		2,862		(1,023,579		)	—
Other assets	21,132		6,781		1,560		—			29,473
Total assets	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	56,062	$	—	$	—		$	56,062
Other liabilities	36,613		83,869		1,787		—			122,269
Intercompany	1,093		1,025,998		—		(1,027,091		)	—
Obligations related to land not owned under option agreements	—		3,625		—		—			3,625
Total debt (net of discounts of $2,944)	1,488,234		8,717		—		—			1,496,951
Total liabilities	1,525,940		1,178,271		1,787		$	(1,027,091	)	1,678,907
Stockholders’ equity	242,617		63,508		3,238		(66,746		)	242,617
Total liabilities and stockholders’ equity	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	481,394	$	8,215	$	646	$	(2,460	)	$	487,795
Restricted cash	252,900		360		—		—			253,260
Accounts receivable (net of allowance of $2,235)	—		24,594		5		—			24,599
Income tax receivable	6,372		—		—		—			6,372
Owned inventory	—		1,099,132		—		—			1,099,132
Consolidated inventory not owned	—		12,420		—		—			12,420
Investments in unconsolidated entities	773		41,305		—		—			42,078
Deferred tax assets, net	6,848		—		—		—			6,848
Property, plant and equipment, net	—		18,974		—		—			18,974
Investments in subsidiaries	63,120		—		—		(63,120		)	—
Intercompany	969,425		—		3,001		(972,426		)	—
Other assets	21,307		7,783		1,650		—			30,740
Total assets	$	1,802,139	$	1,212,783	$	5,302	$	(1,038,006	)	$	1,982,218
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	69,268	$	—	$	—		$	69,268
Other liabilities	49,354		96,389		1,975		—			147,718
Intercompany	1,098		973,788		—		(974,886		)	—
Obligations related to land not owned under option agreements	—		4,787		—		—			4,787
Total debt (net of discounts of $3,082)	1,489,440		8,758		—		—			1,498,198
Total liabilities	1,539,892		1,152,990		1,975		$	(974,886	)	1,719,971
Stockholders’ equity	262,247		59,793		3,327		(63,120		)	262,247
Total liabilities and stockholders’ equity	$	1,802,139	$	1,212,783	$	5,302	$	(1,038,006	)	$	1,982,218



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2012
Total revenue	$	—		$	246,902		$	217		$	(217	)	$	246,902
Home construction and land sales expenses	8,475			202,356			—			(217		)	210,614
Inventory impairments and option contract abandonments	—			204			—			—			204
Gross (loss) profit	(8,475		)	44,342			217			—			36,084
Commissions	—			10,642			—			—			10,642
General and administrative expenses	—			26,301			27			—			26,328
Depreciation and amortization	—			2,715			—			—			2,715
Operating (loss) income	(8,475		)	4,684			190			—			(3,601		)
Equity in income of unconsolidated entities	—			36			—			—			36
Other (expense) income, net	(16,211		)	580			4			—			(15,627		)
(Loss) income before income taxes	(24,686		)	5,300			194			—			(19,192		)
(Benefit from) provision for income taxes	(437		)	94			90			—			(253		)
Equity in loss of subsidiaries	5,310			—			—			(5,310		)	—
(Loss) income from continuing operations	(18,939		)	5,206			104			(5,310		)	(18,939		)
(Loss) income from discontinued operations	—			(1,491		)	42			—			(1,449		)
Equity in (loss) income of subsidiaries	(1,449		)	—			—			1,449			—
Net (loss) income	$	(20,388	)	$	3,715		$	146		$	(3,861	)	$	(20,388	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2011
Total revenue	$	—		$	188,548		$	220		$	(220	)	$	188,548
Home construction and land sales expenses	12,843			150,153			—			(220		)	162,776
Inventory impairments and option contract abandonments	28			3,475			—			—			3,503
Gross (loss) profit	(12,871		)	34,920			220			—			22,269
Commissions	—			8,371			—			—			8,371
General and administrative expenses	—			28,166			28			—			28,194
Depreciation and amortization	—			2,403			—			—			2,403
Operating (loss) income	(12,871		)	(4,020		)	192			—			(16,699		)
Equity in loss of unconsolidated entities	—			(77		)	—			—			(77		)
Other (expense) income, net	(19,117		)	834			10			—			(18,273		)
(Loss) income before income taxes	(31,988		)	(3,263		)	202			—			(35,049		)
(Benefit from) provision for income taxes	(12,434		)	(23,383		)	70			—			(35,747		)
Equity in income of subsidiaries	20,252			—			—			(20,252		)	—
Income from continuing operations	698			20,120			132			(20,252		)	698
Income (loss) from discontinued operations	—			44			(3		)	—			41
Equity in income of subsidiaries	41			—			—			(41		)	—
Net income	$	739		$	20,164		$	129		$	(20,293	)	$	739



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2012
Net cash provided by (used in) operating activities	$	315		$	(87,817	)	$	49		$	—		$	(87,453	)
Cash flows from investing activities:
Capital expenditures	—			(1,772		)	—			—			(1,772		)
Investments in unconsolidated entities	—			(115		)	—			—			(115		)
Increases in restricted cash	(132		)	(146		)	—			—			(278		)
Decreases in restricted cash	1,958			125			—			—			2,083
Net cash provided by (used in) investing activities	1,826			(1,908		)	—			—			(82		)
Cash flows from financing activities:
Repayment of debt	(1,861		)	(41		)	—			—			(1,902		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Debt issuance costs	(1,136		)	—			—			—			(1,136		)
Dividends paid	—			—			—			—			—
Advances to/from subsidiaries	(81,834		)	82,982			(96		)	(1,052		)	—
Payments for other financing activities	(26		)	—			—			—			(26		)
Net cash (used in) provided by financing activities	(84,857		)	82,441			(96		)	(1,052		)	(3,564		)
(Decrease) increase in cash and cash equivalents	(82,716		)	(7,284		)	(47		)	(1,052		)	(91,099		)
Cash and cash equivalents at beginning of period	481,394			8,215			646			(2,460		)	487,795
Cash and cash equivalents at end of period	$	398,678		$	931		$	599		$	(3,512	)	$	396,696
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2011
Net cash (used in) provided by operating activities	$	(105,844	)	$	33,963		$	794		$	—		$	(71,087	)
Cash flows from investing activities:
Capital expenditures	—			(8,636		)	—			—			(8,636		)
Investments in unconsolidated entities	—			(477		)	—			—			(477		)
Increases in restricted cash	(255		)	(417		)	—			—			(672		)
Decreases in restricted cash	—			489			—			—			489
Net cash used in investing activities	(255		)	(9,041		)	—			—			(9,296		)
Cash flows from financing activities:
Repayment of debt	(1,181		)	(341		)	—			—			(1,522		)
Settlement of unconsolidated entity obligations	—			(15,862		)	—			—			(15,862		)
Debt issuance costs	(97		)	—			—			—			(97		)
Dividends paid	(1,800		)	—			1,800			—			—
Advances to/from subsidiaries	21,338			(17,325		)	(1,837		)	(2,176		)	—
Payments for other financing activities	(15		)	—			—			—			(15		)
Net cash provided by (used in) financing activities	18,245			(33,528		)	(37		)	(2,176		)	(17,496		)
(Decrease) increase in cash and cash equivalents	(87,854		)	(8,606		)	757			(2,176		)	(97,879		)
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	$	272,869		$	1,882		$	1,175		$	(3,402	)	$	272,524

Discontinued Operations

3 Months Ended

Dec. 31, 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.

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 December 31, 2012 or September 30, 2012. 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 months ended December 31, 2012 and 2011 were as follows:



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Total revenue	$	96		$	3,196
Home construction and land sales expenses	94			2,788
Inventory impairments and lot option abandonments	17			32
Gross (loss) profit	(15		)	376
Commissions	—			158
General and administrative expenses (a)	1,525			517
Depreciation and amortization	—			21
Operating loss	(1,540		)	(320		)
Equity in loss of unconsolidated entities	—			(29		)
Other income (loss), net	69			(9		)
Loss from discontinued operations before income taxes	(1,471		)	(358		)
Benefit from income taxes	(22		)	(399		)
(Loss) income from discontinued operations, net of tax	$	(1,449	)	$	41


(a)	The three months ended December 31, 2012, includes approximately $1.5 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.

- Definition

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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+ Details

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 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 2012 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.

- Definition

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.

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+ Details

Supplemental Cash Flow Information (Tables)

3 Months Ended

Dec. 31, 2012

Supplemental Cash Flow Elements [Abstract]

Supplemental disclosure of non-cash activity



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Supplemental disclosure of non-cash activity:
(Decrease) increase in obligations related to land not owned under option agreements	$	(1,162	)	$	1,485
Decrease in future land purchase rights	—			(11,651		)
Contribution of future land purchase rights to unconsolidated entities	—			11,651
Supplemental disclosure of cash activity:
Interest payments	39,024			50,733
Income tax payments	15			179
Tax refunds received	3,925			1,966

Investments in Unconsolidated Joint Ventures (Tables)

3 Months Ended

Dec. 31, 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 December 31, 2012 and September 30, 2012:



(In thousands)	December 31, 2012		September 30, 2012
Beazer’s investment in unconsolidated entities	$	42,029	$	42,078
Total equity of unconsolidated entity	443,526		383,482
Total outstanding borrowings of unconsolidated entities	64,281		64,912
Beazer’s estimate of its maximum exposure to our repayment guarantees	—		696



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Continuing operations:
Income (loss) from unconsolidated entity activity	$	36	$	(77	)
Impairment of unconsolidated entity investment	—		—
Equity in income (loss) of unconsolidated entities - continuing operations	$	36	$	(77	)
Reported in loss from discontinued operations, net of tax:
Loss from unconsolidated entity activity	$	—	$	—
Impairment of unconsolidated entity investment	—		(29		)
Equity in loss of unconsolidated entities - discontinued operations	$	—	$	(29	)

- Definition

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)

3 Months Ended

Dec. 31, 2012

Real Estate [Abstract]

Schedule of Inventory



(In thousands)	December 31, 2012		September 30, 2012
Homes under construction	$	261,062	$	251,828
Development projects in progress	422,262		391,019
Land held for future development	367,245		367,102
Land held for sale	8,576		10,149
Capitalized interest	41,922		38,190
Model homes	40,624		40,844
Total owned inventory	$	1,141,691	$	1,099,132

Schedule of Total Owned Inventory, by Segment

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
December 31, 2012
West Segment	$	273,964	$	318,350	$	2,553	$	594,867
East Segment	274,709		25,274		3,326		303,309
Southeast Segment	150,685		23,621		75		174,381
Unallocated & Other	66,512		—		2,622		69,134
Total	$	765,870	$	367,245	$	8,576	$	1,141,691
September 30, 2012
West Segment	$	261,239	$	318,351	$	2,553	$	582,143
East Segment	279,954		25,130		3,204		308,288
Southeast Segment	118,853		23,621		1,675		144,149
Unallocated & Other	61,835		—		2,717		64,552
Total	$	721,881	$	367,102	$	10,149	$	1,099,132

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 December 31, 2012, and 2011. 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.



($ in thousands)		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 December 31, 2012
West	—	—	$	—	n/a
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Unallocated	—	—	752		n/a
Total	4	4	$	15,597	114.0	%
Quarter Ended December 31, 2011
West	7	4	$	15,543	96.7	%
East	4	1	1,711		100.8	%
Southeast	2	—	—		n/a
Unallocated	—	—	2,044		n/a
Total	13	5	$	19,298	97.4	%

Summary of Discounted Cash Flow Analysis

The table below summarizes the results of our discounted cash flow analysis for the three months ended December 31, 2011. The impairment charges below include impairments taken as a result of these discounted cash flow analyses and 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
Quarter Ended December 31, 2011
West	1	51	$	1,996	$	6,377
East	—	—	—		—
Southeast	—	—	—		—
Unallocated	—	—	—		—
Continuing Operations	1	51	$	1,996	$	6,377
Discontinued Operations	—	—	—		—
Total	1	51	$	1,996	$	6,377

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

The following table sets forth, by reportable homebuilding segment, the inventory impairments and lot option abandonment charges recorded for the three months ended December 31, 2012 and 2011:



	Quarter Ended December 31,
(In thousands)	2012		2011
Development projects and homes in process (Held for Development)
West	$	46	$	1,996
East	13		122
Southeast	—		118
Unallocated	—		48
Subtotal	$	59	$	2,284
Land Held for Sale
West	$	—	$	—
East	—		—
Southeast	—		208
Subtotal	$	—	$	208
Lot Option Abandonments
West	$	74	$	2
East	22		474
Southeast	49		534
Unallocated	—		1
Subtotal	$	145	$	1,011
Continuing Operations	$	204	$	3,503
Discontinued Operations
Held for Development	$	—	$	16
Land Held for Sale	17		—
Lot Option Abandonments	—		16
Subtotal	$	17	$	32
Total Company	$	221	$	3,535

Summary of Interests in Lot Option Agreements

The following provides a summary of our interests in lot option agreements as of December 31, 2012 and September 30, 2012:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of December 31, 2012
Consolidated VIEs	$	5,289	$	2,650	$	7,939
Other consolidated lot option agreements (a)	291		975		1,266
Unconsolidated lot option agreements	18,812		209,401		—
Total lot option agreements	$	24,392	$	213,026	$	9,205
As of September 30, 2012
Consolidated VIEs	$	7,203	$	3,346	$	10,549
Other consolidated lot option agreements (a)	430		1,441		1,871
Unconsolidated lot option agreements	17,290		193,711		—
Total lot option agreements	$	24,923	$	198,498	$	12,420


(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)

3 Months Ended

Dec. 31, 2012

Real Estate Inventory Capitalized Interest Costs [Abstract]

Real Estate Inventory, Capitalized Interest Costs

The following table sets forth certain information regarding interest:



	Quarter Ended December 31,
(In thousands)	2012			2011
Capitalized interest in inventory, beginning of period	$	38,190		$	45,973
Interest incurred	28,418			32,525
Capitalized interest impaired	—			(28		)
Interest expense not qualified for capitalization and included as other expense	(16,211		)	(19,117		)
Capitalized interest amortized to house construction and land sales expenses	(8,475		)	(12,843		)
Capitalized interest in inventory, end of period	$	41,922		$	46,510

Earnings Per Share (Tables)

3 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Schedule of Diluted Earnings Per Share Calculation

Diluted earnings per share is calculated as follows (in thousands, except per share amounts):



	Quarter Ended December 31,
	2012			2011
Diluted:
(Loss) income from continuing operations	$	(18,939	)	$	698
(Loss) Income from discontinued operations, net of tax	(1,449		)	41
Net (loss) income	$	(20,388	)	$	739

Weighted average number of shares outstanding - basic	24,294			14,833
Effect of dilutive securities:
Shares issuable upon vesting of performance-based restricted stock	—			6
Shares issuable upon conversion of TEU prepaid stock purchase contracts	—			2,582
Weighted average number of shares outstanding-diluted	24,294			17,421

Diluted (loss) earnings per share from continuing operations	$	(0.78	)	$	0.04
Diluted (loss) earnings per share from discontinued operations	(0.06		)	—
Diluted (loss) earnings per share	$	(0.84	)	$	0.04

Borrowings (Tables)

3 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of long-term debt

At December 31, 2012 and September 30, 2012 we had the following long-term debt, net of discounts:



(In thousands)	Maturity Date	December 31, 2012			September 30, 2012
6 7/8% Senior Notes	July 2015	$	172,454		$	172,454
8 1/8% Senior Notes	June 2016	172,879			172,879
6 5/8% Senior Secured Notes	April 2018	300,000			300,000
9 1/8% Senior Notes	June 2018	300,000			300,000
9 1/8% Senior Notes	May 2019	235,000			235,000
TEU Senior Amortizing Notes	August 2013	239			316
TEU Senior Amortizing Notes	August 2015	21,716			23,500
Unamortized debt discounts		(2,944		)	(3,082		)
Total Senior Notes, net		1,199,344			1,201,067
Mandatory Convertible Subordinated Notes	January 2013	9,402			9,402
Junior subordinated notes	July 2036	52,120			51,603
Cash Secured Loan	November 2017	227,368			227,368
Other secured notes payable	Various Dates	8,717			8,758
Total debt, net		$	1,496,951		$	1,498,198

- Definition

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.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

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

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-Name Accounting Standards Codification

-Topic 835

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-Section 45

-Paragraph 2

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-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

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-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

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-Paragraph 3

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

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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

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-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

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-Name Accounting Standards Codification

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-Name Accounting Standards Codification

-Topic 235

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-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)

3 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Warranty reserves

Our warranty reserves are as follows:



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Balance at beginning of period	$	15,477		$	17,916
Accruals for warranties issued	1,428			1,487
Changes in liability related to warranties existing in prior periods	(1,302		)	(107		)
Payments made	(1,261		)	(1,882		)
Balance at end of period	$	14,342		$	17,414

Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

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



(In thousands)	Level 1	Level 2	Level 3	Total
Three Months Ended December 31, 2012
Development projects in progress	—	—	—	—
Land held for sale	—	—	—	—
Three Months Ended December 31, 2011
Development projects in progress	—	—	6,377	6,377
Land held for sale	—	—	1,600	1,600

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 December 31, 2012				As of September 30, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,199,344	$	1,259,773	$	1,201,067	$	1,228,745
Mandatory Convertible Subordinated Notes	9,402		6,890		9,402		7,465
Junior Subordinated Notes	52,120		52,120		51,603		51,603
	$	1,260,866	$	1,318,783	$	1,262,072	$	1,287,813

- Definition

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)

3 Months Ended

Dec. 31, 2012

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

Schedule of assumptions for stock options granted during period

We used the following assumptions for our options granted during the three months ended December 31, 2012:



Expected life of options	5.0 years
Expected volatility	46.15		%
Expected discrete dividends	—
Weighted average risk-free interest rate	0.63		%
Weighted average fair value	$	5.39

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

The following table summarizes stock options and SSARs outstanding as of December 31, 2012, as well as activity during the three months then ended:



	Three Months Ended
	December 31, 2012
	Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	429,965		$	40.80
Granted	155,565		13.33
Expired	(1,703	)	104.19
Forfeited	(1,970	)	19.08
Outstanding at end of period	581,857		$	33.35
Exercisable at end of period	301,795		$	50.33
Vested or expected to vest in the future	580,353		$	33.39

Schedule of nonvested stock awards activity

Activity relating to nonvested stock awards, including the Performance Shares for the three months ended December 31, 2012 is as follows:



	Three Months Ended
	December 31, 2012
	Shares		Weighted Average Grant Date Fair Value
Beginning of period	323,335		$	19.61
Granted	92,592		10.26
Vested	(31,653	)	10.80
Forfeited	(3,093	)	16.19
End of period	381,181		$	18.10

Segment Information (Tables)

3 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of segment reporting information



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Revenue
West	$	110,126	$	70,777
East	96,539		81,818
Southeast	40,237		35,568
Pre-Owned	—		385
Continuing Operations	$	246,902	$	188,548



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Operating income/(loss)
West	$	8,358		$	(591	)
East	6,188			806
Southeast	2,330			785
Pre-Owned	—			(138		)
Segment total	16,876			862
Corporate and unallocated (a)	(20,477		)	(17,561		)
Total operating loss	(3,601		)	(16,699		)
Equity in income (loss) of unconsolidated entities	36			(77		)
Other expense, net	(15,627		)	(18,273		)
Loss from continuing operations before income taxes	$	(19,192	)	$	(35,049	)



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Depreciation and amortization
West	$	1,022	$	780
East	683		505
Southeast	318		339
Pre-Owned	—		119
Segment total	2,023		1,743
Corporate and unallocated (a)	692		660
Continuing Operations	$	2,715	$	2,403



	Three Months Ended
	December 31,
(In thousands)	2012		2011
Capital Expenditures
West	$	815	$	675
East	231		815
Southeast	24		626
Pre-Owned (b)	—		6,375
Corporate and unallocated	702		145
Consolidated total	$	1,772	$	8,636



(In thousands)	December 31, 2012		September 30, 2012
Assets
West	$	625,347	$	618,805
East	315,499		320,404
Southeast	186,652		160,868
Corporate and unallocated (c)	794,026		882,141
Consolidated total	$	1,921,524	$	1,982,218


(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.


(b)	Capital expenditures represent the purchase of previously owned homes during the quarter ended December 31, 2011.


(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.

- Definition

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)

3 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Unaudited Consolidating Balance Sheet Information



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	398,678	$	931	$	599	$	(3,512	)	$	396,696
Restricted cash	251,074		381		—		—			251,455
Accounts receivable (net of allowance of $2,184)	—		23,480		4		—			23,484
Income tax receivable	2,513		—		—		—			2,513
Owned inventory	—		1,141,691		—		—			1,141,691
Consolidated inventory not owned	—		9,205		—		—			9,205
Investments in unconsolidated entities	773		41,256		—		—			42,029
Deferred tax assets, net	6,924		—		—		—			6,924
Property, plant and equipment, net	—		18,054		—		—			18,054
Investments in subsidiaries	66,746		—		—		(66,746		)	—
Intercompany	1,020,717		—		2,862		(1,023,579		)	—
Other assets	21,132		6,781		1,560		—			29,473
Total assets	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	56,062	$	—	$	—		$	56,062
Other liabilities	36,613		83,869		1,787		—			122,269
Intercompany	1,093		1,025,998		—		(1,027,091		)	—
Obligations related to land not owned under option agreements	—		3,625		—		—			3,625
Total debt (net of discounts of $2,944)	1,488,234		8,717		—		—			1,496,951
Total liabilities	1,525,940		1,178,271		1,787		$	(1,027,091	)	1,678,907
Stockholders’ equity	242,617		63,508		3,238		(66,746		)	242,617
Total liabilities and stockholders’ equity	$	1,768,557	$	1,241,779	$	5,025	$	(1,093,837	)	$	1,921,524



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	481,394	$	8,215	$	646	$	(2,460	)	$	487,795
Restricted cash	252,900		360		—		—			253,260
Accounts receivable (net of allowance of $2,235)	—		24,594		5		—			24,599
Income tax receivable	6,372		—		—		—			6,372
Owned inventory	—		1,099,132		—		—			1,099,132
Consolidated inventory not owned	—		12,420		—		—			12,420
Investments in unconsolidated entities	773		41,305		—		—			42,078
Deferred tax assets, net	6,848		—		—		—			6,848
Property, plant and equipment, net	—		18,974		—		—			18,974
Investments in subsidiaries	63,120		—		—		(63,120		)	—
Intercompany	969,425		—		3,001		(972,426		)	—
Other assets	21,307		7,783		1,650		—			30,740
Total assets	$	1,802,139	$	1,212,783	$	5,302	$	(1,038,006	)	$	1,982,218
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	69,268	$	—	$	—		$	69,268
Other liabilities	49,354		96,389		1,975		—			147,718
Intercompany	1,098		973,788		—		(974,886		)	—
Obligations related to land not owned under option agreements	—		4,787		—		—			4,787
Total debt (net of discounts of $3,082)	1,489,440		8,758		—		—			1,498,198
Total liabilities	1,539,892		1,152,990		1,975		$	(974,886	)	1,719,971
Stockholders’ equity	262,247		59,793		3,327		(63,120		)	262,247
Total liabilities and stockholders’ equity	$	1,802,139	$	1,212,783	$	5,302	$	(1,038,006	)	$	1,982,218

Unaudited Consolidating Statements of Operations



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2012
Total revenue	$	—		$	246,902		$	217		$	(217	)	$	246,902
Home construction and land sales expenses	8,475			202,356			—			(217		)	210,614
Inventory impairments and option contract abandonments	—			204			—			—			204
Gross (loss) profit	(8,475		)	44,342			217			—			36,084
Commissions	—			10,642			—			—			10,642
General and administrative expenses	—			26,301			27			—			26,328
Depreciation and amortization	—			2,715			—			—			2,715
Operating (loss) income	(8,475		)	4,684			190			—			(3,601		)
Equity in income of unconsolidated entities	—			36			—			—			36
Other (expense) income, net	(16,211		)	580			4			—			(15,627		)
(Loss) income before income taxes	(24,686		)	5,300			194			—			(19,192		)
(Benefit from) provision for income taxes	(437		)	94			90			—			(253		)
Equity in loss of subsidiaries	5,310			—			—			(5,310		)	—
(Loss) income from continuing operations	(18,939		)	5,206			104			(5,310		)	(18,939		)
(Loss) income from discontinued operations	—			(1,491		)	42			—			(1,449		)
Equity in (loss) income of subsidiaries	(1,449		)	—			—			1,449			—
Net (loss) income	$	(20,388	)	$	3,715		$	146		$	(3,861	)	$	(20,388	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended December 31, 2011
Total revenue	$	—		$	188,548		$	220		$	(220	)	$	188,548
Home construction and land sales expenses	12,843			150,153			—			(220		)	162,776
Inventory impairments and option contract abandonments	28			3,475			—			—			3,503
Gross (loss) profit	(12,871		)	34,920			220			—			22,269
Commissions	—			8,371			—			—			8,371
General and administrative expenses	—			28,166			28			—			28,194
Depreciation and amortization	—			2,403			—			—			2,403
Operating (loss) income	(12,871		)	(4,020		)	192			—			(16,699		)
Equity in loss of unconsolidated entities	—			(77		)	—			—			(77		)
Other (expense) income, net	(19,117		)	834			10			—			(18,273		)
(Loss) income before income taxes	(31,988		)	(3,263		)	202			—			(35,049		)
(Benefit from) provision for income taxes	(12,434		)	(23,383		)	70			—			(35,747		)
Equity in income of subsidiaries	20,252			—			—			(20,252		)	—
Income from continuing operations	698			20,120			132			(20,252		)	698
Income (loss) from discontinued operations	—			44			(3		)	—			41
Equity in income of subsidiaries	41			—			—			(41		)	—
Net income	$	739		$	20,164		$	129		$	(20,293	)	$	739

Unaudited Consolidating Statements of Cash Flow



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2012
Net cash provided by (used in) operating activities	$	315		$	(87,817	)	$	49		$	—		$	(87,453	)
Cash flows from investing activities:
Capital expenditures	—			(1,772		)	—			—			(1,772		)
Investments in unconsolidated entities	—			(115		)	—			—			(115		)
Increases in restricted cash	(132		)	(146		)	—			—			(278		)
Decreases in restricted cash	1,958			125			—			—			2,083
Net cash provided by (used in) investing activities	1,826			(1,908		)	—			—			(82		)
Cash flows from financing activities:
Repayment of debt	(1,861		)	(41		)	—			—			(1,902		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Debt issuance costs	(1,136		)	—			—			—			(1,136		)
Dividends paid	—			—			—			—			—
Advances to/from subsidiaries	(81,834		)	82,982			(96		)	(1,052		)	—
Payments for other financing activities	(26		)	—			—			—			(26		)
Net cash (used in) provided by financing activities	(84,857		)	82,441			(96		)	(1,052		)	(3,564		)
(Decrease) increase in cash and cash equivalents	(82,716		)	(7,284		)	(47		)	(1,052		)	(91,099		)
Cash and cash equivalents at beginning of period	481,394			8,215			646			(2,460		)	487,795
Cash and cash equivalents at end of period	$	398,678		$	931		$	599		$	(3,512	)	$	396,696
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
For the three months ended December 31, 2011
Net cash (used in) provided by operating activities	$	(105,844	)	$	33,963		$	794		$	—		$	(71,087	)
Cash flows from investing activities:
Capital expenditures	—			(8,636		)	—			—			(8,636		)
Investments in unconsolidated entities	—			(477		)	—			—			(477		)
Increases in restricted cash	(255		)	(417		)	—			—			(672		)
Decreases in restricted cash	—			489			—			—			489
Net cash used in investing activities	(255		)	(9,041		)	—			—			(9,296		)
Cash flows from financing activities:
Repayment of debt	(1,181		)	(341		)	—			—			(1,522		)
Settlement of unconsolidated entity obligations	—			(15,862		)	—			—			(15,862		)
Debt issuance costs	(97		)	—			—			—			(97		)
Dividends paid	(1,800		)	—			1,800			—			—
Advances to/from subsidiaries	21,338			(17,325		)	(1,837		)	(2,176		)	—
Payments for other financing activities	(15		)	—			—			—			(15		)
Net cash provided by (used in) financing activities	18,245			(33,528		)	(37		)	(2,176		)	(17,496		)
(Decrease) increase in cash and cash equivalents	(87,854		)	(8,606		)	757			(2,176		)	(97,879		)
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	$	272,869		$	1,882		$	1,175		$	(3,402	)	$	272,524

Discontinued Operations (Tables)

3 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

The results of our discontinued operations in the unaudited condensed Consolidated Statements of Operations for the three months ended December 31, 2012 and 2011 were as follows:



	Three Months Ended
	December 31,
(In thousands)	2012			2011
Total revenue	$	96		$	3,196
Home construction and land sales expenses	94			2,788
Inventory impairments and lot option abandonments	17			32
Gross (loss) profit	(15		)	376
Commissions	—			158
General and administrative expenses (a)	1,525			517
Depreciation and amortization	—			21
Operating loss	(1,540		)	(320		)
Equity in loss of unconsolidated entities	—			(29		)
Other income (loss), net	69			(9		)
Loss from discontinued operations before income taxes	(1,471		)	(358		)
Benefit from income taxes	(22		)	(399		)
(Loss) income from discontinued operations, net of tax	$	(1,449	)	$	41


(a)	The three months ended December 31, 2012, includes approximately $1.5 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.

- Definition

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	3 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Accounting Policies [Abstract]
Reverse stock split ratio	one-for-five
Other Liabilities [Abstract]
Income tax liabilities	$ 22,160	$ 22,225
Accrued warranty expenses	14,342	15,477	17,414	17,916
Accrued interest	16,097	28,673
Accrued and deferred compensation	13,812	24,612
Customer deposits	9,706	8,830
Other	46,152	47,901
Total	$ 122,269	$ 147,718

Supplemental Cash Flow Information - Supplemental Disclosure of Non-cash Activity (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
(Decrease) increase in obligations related to land not owned under option agreements	$ (1,162)	$ 1,485
Decrease in future land purchase rights	0	(11,651)
Contribution of future land purchase rights to unconsolidated entities	0	11,651
Supplemental disclosure of cash activity: [Abstract]
Interest payments	39,024	50,733
Income tax payments	15	179
Tax refunds received	$ 3,925	$ 1,966

- Definition

The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.

+ References+ Details

Investments in Unconsolidated Entities - Investments in Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]
Beazer's investment in unconsolidated entities	$ 42,029	$ 42,078
Total equity of unconsolidated entity	443,526	383,482
Total outstanding borrowings of unconsolidated entities	64,281	64,912
Beazer's estimate of its maximum exposure to our repayment guarantees	$ 0	$ 696

- Definition

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
	Dec. 31, 2012	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]
Income (loss) from unconsolidated entity activity	$ 36	$ (77)
Impairment of unconsolidated entity investment	0	0
Equity in income (loss) of unconsolidated entities - continuing operations	36	(77)
Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Loss from unconsolidated entity activity	0	0
Impairment of unconsolidated entity investment	0	(29)
Equity in loss of unconsolidated entities - discontinued operations	$ 0	$ (29)

- Definition

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 28

-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 FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 9

-Article 5

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 6

-Subparagraph b

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=16385135&loc=d3e33749-111570

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

-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 18

-Paragraph 19

-Subparagraph c

-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 FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.12)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 11

-Article 7

+ Details

Investments in Unconsolidated Entities Narrative (Details) (USD $)	3 Months Ended			3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2012	Dec. 31, 2012 South Edge	Dec. 31, 2012 Inspirada	May 03, 2012 Inspirada	Dec. 31, 2012 the REIT	May 03, 2012 the REIT home	Sep. 30, 2012 Other Liabilities [Member]
Schedule of Equity Method Investments [Line Items]
Beazer homes' ownership interest in guarantor subsidiaries (less than 10% in Inspirada Builders LLC)	100.00%					10.00%	15.14%	23.50%
Settlement of unconsolidated entity debt obligation	$ 500,000	$ 15,862,000		$ 15,900,000
Decrease in future land purchase rights	0	(11,651,000)			11,700,000
Equity Method Investments								300,000
Number of pre-owned homes owned								190
Number of Pre-owned homes owned and leased								187
Repayment guarantee included in Other Liabilities	0		696,000						700,000
Payment to settle repayment guarantee obligation	500,000
Other income recorded on settlement of guarantee obligation	$ 200,000

Inventory - Schedule of Inventory (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Real Estate [Abstract]
Homes under construction	$ 261,062	$ 251,828
Development projects in progress	422,262	391,019
Land held for future development	367,245	367,102
Land held for sale	8,576	10,149
Capitalized interest	41,922	38,190	46,510	45,973
Model homes	40,624	40,844
Total owned inventory	$ 1,141,691	$ 1,099,132

- Definition

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	Dec. 31, 2012	Sep. 30, 2012
Segment Reporting Information [Line Items]
Projects in progress	$ 765,870	$ 721,881
Land held for future development	367,245	367,102
Land held for sale	8,576	10,149
Total owned inventory	1,141,691	1,099,132
West Segment
Segment Reporting Information [Line Items]
Projects in progress	273,964	261,239
Land held for future development	318,350	318,351
Land held for sale	2,553	2,553
Total owned inventory	594,867	582,143
East Segment
Segment Reporting Information [Line Items]
Projects in progress	274,709	279,954
Land held for future development	25,274	25,130
Land held for sale	3,326	3,204
Total owned inventory	303,309	308,288
Southeast Segment
Segment Reporting Information [Line Items]
Projects in progress	150,685	118,853
Land held for future development	23,621	23,621
Land held for sale	75	1,675
Total owned inventory	174,381	144,149
Unallocated & Other
Segment Reporting Information [Line Items]
Projects in progress	66,512	61,835
Land held for future development	0	0
Land held for sale	2,622	2,717
Total owned inventory	$ 69,134	$ 64,552

Inventory - Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012 Community	Dec. 31, 2011 Community
Real Estate Properties [Line Items]
Number of Communities on Watch List	4	13
Undiscounted Cash Flow Analysis - Number of Communities	4	5
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	$ 15,597	$ 19,298
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	114.00%	97.40%
West Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	0	7
Undiscounted Cash Flow Analysis - Number of Communities	0	4
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	0	15,543
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV		96.70%
East Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	3	4
Undiscounted Cash Flow Analysis - Number of Communities	3	1
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	9,588	1,711
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	107.00%	100.80%
Southeast Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	1	2
Undiscounted Cash Flow Analysis - Number of Communities	1	0
Undiscounted Cash Flow Analysis - Pre-analysis Book Value (BV)	5,257	0
Undiscounted Cash Flow Analysis - Aggregate Undiscounted Cash Flow as a % of BV	128.60%
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)	$ 752	$ 2,044

Inventory - Results of Discounted Cash Flow Analysis (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	$ 59	$ 2,284
Continuing Operations \| West Segment
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	46	1,996
Continuing Operations \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	13	122
Continuing Operations \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	0	118
Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	0	48
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Impairment Charges	0	16
Discounted Cash Flow Analysis [Member]
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		1
Number of lots impaired		51
Impairment Charges		1,996
Estimated fair value of impaired inventory		6,377
Discounted Cash Flow Analysis [Member] \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		1
Number of lots impaired		51
Impairment Charges		1,996
Estimated fair value of impaired inventory		6,377
Discounted Cash Flow Analysis [Member] \| Continuing Operations \| West Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		1
Number of lots impaired		51
Impairment Charges		1,996
Estimated fair value of impaired inventory		6,377
Discounted Cash Flow Analysis [Member] \| Continuing Operations \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		0
Number of lots impaired		0
Impairment Charges		0
Estimated fair value of impaired inventory		0
Discounted Cash Flow Analysis [Member] \| Continuing Operations \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		0
Number of lots impaired		0
Impairment Charges		0
Estimated fair value of impaired inventory		0
Discounted Cash Flow Analysis [Member] \| Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		0
Number of lots impaired		0
Impairment Charges		0
Estimated fair value of impaired inventory		0
Discounted Cash Flow Analysis [Member] \| Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Number of communities impaired		0
Number of lots impaired		0
Impairment Charges		0
Estimated fair value of impaired inventory		$ 0

Inventory - Inventory Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) (USD $)	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Real Estate, Write-down or Reserve [Line Items]
Inventory impairments and option contract abandonments	$ 204,000	$ 3,503,000
Inventory impairments and option contract abandonments	221,000	3,535,000
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	59,000	2,284,000
Land Held for Sale	0	208,000
Lot option abandonments	145,000	1,011,000
Inventory impairments and option contract abandonments	204,000	3,503,000
Continuing Operations \| West Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	46,000	1,996,000
Land Held for Sale	0	0
Lot option abandonments	74,000	2,000
Continuing Operations \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	13,000	122,000
Land Held for Sale	0	0
Lot option abandonments	22,000	474,000
Continuing Operations \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	0	118,000
Land Held for Sale	0	208,000
Lot option abandonments	49,000	534,000
Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	0	48,000
Lot option abandonments	0	1,000
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Development projects and homes in process (Held for Development)	0	16,000
Land Held for Sale	17,000	0
Lot option abandonments	0	16,000
Inventory impairments and option contract abandonments	$ 17,000	$ 32,000

- Definition

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

Dec. 31, 2012

Sep. 30, 2012

Real Estate Properties [Line Items]

Deposits and non-refundable preacquisition costs incurred

$ 24,392

$ 24,923

Remaining obligations

213,026

198,498

Land not owned under option agreements

9,205

12,420

Consolidated VIEs

Real Estate Properties [Line Items]

Deposits and non-refundable preacquisition costs incurred

5,289

7,203

Remaining obligations

2,650

3,346

Land not owned under option agreements

7,939

10,549

Other consolidated lot option agreements

Real Estate Properties [Line Items]

Deposits and non-refundable preacquisition costs incurred

291

^[1]

430

^[1]

Remaining obligations

975

^[1]

1,441

^[1]

Land not owned under option agreements

1,266

^[1]

1,871

^[1]

Unconsolidated lot option agreements

Real Estate Properties [Line Items]

Deposits and non-refundable preacquisition costs incurred

18,812

17,290

Remaining obligations

209,401

193,711

Land not owned under option agreements

$ 0

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

Inventory - Narrative (Details) (USD $)			3 Months Ended
Inventory - Narrative (Details) (USD $)	Dec. 31, 2012 home	Sep. 30, 2012 home	Dec. 31, 2012 Minimum	Dec. 31, 2011 Minimum	Dec. 31, 2012 Maximum	Dec. 31, 2011 Maximum
Real Estate Properties [Line Items]
Number of substantially completed homes	147	174
Total value of substantially completed homes	$ 33,600,000	$ 39,700,000
Discount rate			10.90%	14.30%	13.00%	17.00%
Deposits and non-refundable preacquisition costs incurred	24,392,000	24,923,000
Total remaining purchase price committed under all options	$ 213,026,000	$ 198,498,000

Interest - Schedule of Capitalized Interest (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 38,190	$ 45,973
Interest incurred	28,418	32,525
Capitalized interest impaired	0	(28)
Interest expense not qualified for capitalization and included as other expense	16,211	19,117
Capitalized interest amortized to house construction and land sales expenses	(8,475)	(12,843)
Capitalized interest in inventory, end of period	$ 41,922	$ 46,510

- Definition

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

+ References+ Details

Earnings Per Share Schedule of Diluted Earnings Per Share Calculation (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Diluted [Abstract]
(Loss) income from continuing operations	$ (18,939)	$ 698
(Loss) income from discontinued operations, net of tax	(1,449)	41
Net (loss) income	$ (20,388)	$ 739
Weighted average number of shares outstanding - basic (shares)	24,294	14,833
Effect of dilutive securities: [Abstract]
Shares issuable upon vesting of performance-based restricted stock (shares)	0	6
Shares issuable upon conversion of TEU preaid stock purchase contracts (shares)	0	2,582
Weighted average number of shares outstanding - diluted (shares)	24,294	17,421
Diluted (loss) earnings per share from continuing operations (US$ per share)	$ (0.78)	$ 0.04
Diluted (loss) earnings per share from discontinued operations (US$ per share)	$ (0.06)	$ 0.00
Diluted (loss) earnings per share (US$ per share)	$ (0.84)	$ 0.04

Earnings Per Share - Narrative (Details) (USD $) Share data in Millions, unless otherwise specified			3 Months Ended						3 Months Ended			3 Months Ended								1 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2012 Common Stock	Mar. 31, 2012 Common Stock	Dec. 31, 2012 Convertible Subordinated Debt	Sep. 30, 2012 Convertible Subordinated Debt	Dec. 31, 2012 Senior Notes	Sep. 30, 2012 Senior Notes	Dec. 31, 2012 TEU Senior Amortizing Notes Maturing August 2013 [Member]	Dec. 31, 2012 TEU Senior Amortizing Notes Maturing August 2013 [Member] Senior Notes	Sep. 30, 2012 TEU Senior Amortizing Notes Maturing August 2013 [Member] Senior Notes	Mar. 31, 2012 7 1/2% Mandatory Convertible Subordinated Notes [Member] Convertible Subordinated Debt	Dec. 31, 2011 7 1/2% Mandatory Convertible Subordinated Notes [Member] Convertible Subordinated Debt	Dec. 31, 2012 Tangible Equity Units	Mar. 31, 2012 Tangible Equity Units TEUs	Jul. 17, 2012 Tangible Equity Units Senior Notes TEUs	Mar. 31, 2012 Tangible Equity Units Senior Notes TEUs	May 31, 2010 Tangible Equity Units Senior Notes TEUs	Dec. 31, 2011 SSARs / Stock Options [Member]	Jan. 25, 2013 Subsequent Event Common Stock	Jan. 15, 2013 Subsequent Event 7 1/2% Mandatory Convertible Subordinated Notes [Member] Convertible Subordinated Debt
Earnings Per Share [Line Items]
Debt Conversion, Converted Instrument, Shares Issued			0.6	2.2																0.4
Value of convertible debt exchanged for common stock												$ 48,100,000
Shares exchanged for common stock				2.8
Tangible Equity Units (TEUs) issued during period, (units)															4,600,000	4,600,000	2,800,000	3,000,000
Long-term debt	1,496,951,000	1,498,198,000			9,402,000	9,402,000	1,199,344,000	1,201,067,000													9,400,000
Tangible Equity Units outstanding									22.0					4.8
Senior notes										$ 239,000	$ 316,000
Shares of common stock issuable upon conversion									0.4					8.1
Stock Issued During Period, Shares, Conversion of Convertible Securities													2.5	8.1
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options																			0.5

Borrowings - Schedule of Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012	Jul. 31, 2012
Debt Instrument [Line Items]
Unamortized debt discounts	$ (2,944)	$ (3,082)
Long-term debt	1,496,951	1,498,198
Senior Notes
Debt Instrument [Line Items]
Unamortized debt discounts	(2,944)	(3,082)
Long-term debt	1,199,344	1,201,067
Senior Notes \| 6 7/8% Senior Notes Maturing July 2015
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	6.875%	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%	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%
Long-term debt			250,000
Senior Notes \| 6 5/8% Senior Secured Notes
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	6.625%	6.625%	6.625%
Senior notes	300,000	300,000
Senior Notes \| 9 1/8% Senior Notes Maturing June 2018
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	9.125%	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%	9.125%
Senior notes	235,000	235,000
Senior Notes \| TEU Senior Amortizing Notes
Debt Instrument [Line Items]
Senior notes	239	316
Senior Notes \| TEU Senior Amortizing Notes
Debt Instrument [Line Items]
Senior notes	21,716	23,500
Convertible Subordinated Debt
Debt Instrument [Line Items]
Long-term debt	9,402	9,402
Junior Subordinated Notes
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	7.987%
Unamortized debt discounts	48,700
Long-term debt	52,120	51,603
Cash Secured Loan
Debt Instrument [Line Items]
Long-term debt	227,368	227,368
Other Secured Notes Payable
Debt Instrument [Line Items]
Long-term debt	$ 8,717	$ 8,758

- Definition

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

- Definition

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

+ References+ Details

- Definition

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									1 Months Ended	3 Months Ended	12 Months Ended						3 Months Ended					3 Months Ended	9 Months Ended		3 Months Ended					3 Months Ended													3 Months Ended						1 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Mar. 31, 2012 Tangible Equity Units TEUs	Dec. 31, 2012 Senior Notes	Sep. 30, 2012 Senior Notes	Dec. 31, 2012 Senior Notes 6.625% Senior Secured Notes	Sep. 30, 2012 Senior Notes 6.625% Senior Secured Notes	Jul. 31, 2012 Senior Notes 6.625% Senior Secured Notes	Jul. 31, 2012 Senior Notes 12% Senior Secured Notes Maturing October 2017	Sep. 30, 2012 Senior Notes 12% Senior Secured Notes Maturing October 2017	Sep. 30, 2012 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Dec. 31, 2012 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Dec. 31, 2012 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Sep. 30, 2012 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Dec. 31, 2012 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2012 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Mar. 31, 2012 Senior Notes Tangible Equity Units TEUs	Jul. 17, 2012 Senior Notes Tangible Equity Units TEUs	May 31, 2010 Senior Notes Tangible Equity Units TEUs	Dec. 31, 2012 Convertible Subordinated Debt	Sep. 30, 2012 Convertible Subordinated Debt	Mar. 31, 2012 Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jun. 30, 2013 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]	Dec. 31, 2012 Junior Subordinated Notes	Sep. 30, 2012 Junior Subordinated Notes	Jun. 01, 2012 Junior Subordinated Notes	Jan. 15, 2010 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Dec. 31, 2011 Cash Secured Loan	Dec. 31, 2012 Cash Secured Loan	Sep. 30, 2012 Cash Secured Loan	Nov. 30, 2010 Cash Secured Loan	Dec. 31, 2012 Other Secured Notes Payable	Sep. 30, 2012 Other Secured Notes Payable	Dec. 31, 2012 Secured Revolving Credit Facility	Sep. 30, 2012 Secured Revolving Credit Facility	Jun. 30, 2012 Secured Revolving Credit Facility	Dec. 31, 2012 Letter of Credit	Sep. 30, 2012 Letter of Credit	Dec. 31, 2012 Minimum Senior Notes 6.625% Senior Secured Notes	Dec. 31, 2012 Maximum Senior Notes 6.625% Senior Secured Notes	Dec. 31, 2012 Common Stock	Mar. 31, 2012 Common Stock	Dec. 31, 2012 In Compliance [Member] Senior Notes 6.625% Senior Secured Notes	Dec. 31, 2012 Optional Redemption Under Indenture [Member] Senior Notes 6.625% Senior Secured Notes	Dec. 31, 2012 Not In Compliance [Member] Senior Notes 6.625% Senior Secured Notes	Jan. 15, 2013 Subsequent Event Convertible Subordinated Debt 7 1/2% Mandatory Convertible Subordinated Notes [Member]	Jan. 25, 2013 Subsequent Event Common Stock
Line of Credit Facility [Abstract]
Credit facility borrowing capacity																																					$ 150,000,000	$ 22,000,000	$ 220,000,000
Amount of available borrowings under the Secured Revolving Credit Facility																																				150,000,000
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																																							23,000,000	24,700,000
Senior Notes [Abstract]
Beazer homes' ownership interest in guarantor subsidiaries (less than 10% in Inspirada Builders LLC)	100.00%
Percent of original debt amount required to be offered for repurchase (percent)				10.00%		35.00%																																								65.00%
Minimum consolidated tangible net worth	85,000,000
Amount of original debt that could be repurchased				62,500,000
Consolidated tangible net worth	216,700,000
Aggregate principal amount of debt								300,000,000																57,500,000				75,000,000	103,100,000
Debt instrument stated interest rate (percent)						6.625%	6.625%	6.625%	12.00%		9.125%	9.125%	6.875%	6.875%	8.125%	8.125%		7.50%	7.25%						7.987%
Repayments of Long-term Debt									280,000,000
Loss on extinguishment of debt										(42,400,000)	(30,000)						700,000
Outstanding senior secured debt instrument principal amount redeemed											15,000,000																					20,000,000
Aggregate purchase price of Senior Notes											14,600,000
Shares exchanged for common stock																																												2.8
Tangible Capital [Abstract]
Tangible Equity Units (TEUs) issued during period, (units)			4,600,000														2,800,000	4,600,000	3,000,000
Senior amortizing notes exchanged for Tangible Equity Units																	7,200,000
Convertible Subordinated Debt [Abstract]
Fixed conversion ratio (shares per $25)																							0.8909
Number of common stock exchanged for debt (shares)																																											0.6	2.2					0.4
Value of convertible debt exchanged for common stock																						48,100,000
Inducement expense recognized																						2,000,000
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)						100.00%																					75.00%														100.00%	103.313%			101.00%	106.625%	100.00%
Annual redemption price rate increase (percent)																									1.785%
Unamortized accretion	2,944,000	3,082,000		2,944,000	3,082,000																				(48,700,000)
Secured Debt [Abstract]
Long-term debt	1,496,951,000	1,498,198,000		1,199,344,000	1,201,067,000				250,000,000											9,402,000	9,402,000				52,120,000	51,603,000					227,368,000	227,368,000		8,717,000	8,758,000													9,400,000
Combined total of loan facilities																																	$ 275,000,000
Weighted average fixed interest rate of debt (percent)																																		3.81%

Income Taxes - Narrative (Details) (USD $)	3 Months Ended
Income Taxes - Narrative (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2012
Income Tax Disclosure [Line Items]
(Benefit from) provisions for income taxes	$ (253,000)	$ (35,747,000)
Accrued interest and penalties	2,500,000		2,500,000
Valuation allowance	495,800,000
Maximum
Income Tax Disclosure [Line Items]
Limit on operating loss carryforwards and recognition	11,400,000
Limit on operating loss carryforwards and recognition, tax-effected	$ 4,000,000

- Definition

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

+ References+ Details

- Definition

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

+ References+ Details

- Definition

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
	Dec. 31, 2012	Dec. 31, 2011
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 15,477	$ 17,916
Accruals for warranties issued	1,428	1,487
Changes in liability related to warranties existing in prior periods	(1,302)	(107)
Payments made	(1,261)	(1,882)
Balance at end of period	$ 14,342	$ 17,414

Contingencies - Litigation and Other Matters (Details) (USD $)	3 Months Ended					12 Months Ended		3 Months Ended
	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2012 Performance Bonds	Dec. 31, 2012 Letter of Credit	Sep. 30, 2012 Letter of Credit	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	Dec. 31, 2012 Pending Litigation loan
Loss Contingencies [Line Items]
Minimum standard product warranty period	1 year
Maximum standard product warranty period	2 years
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
Amount demanded per the complaint to recover purported losses						630,000	678,000
Accrued amounts for litigation and other contingent liabilities	19,300,000	19,400,000
Letters of credit secured using cash collateral				23,000,000	24,700,000
Cash collateral in restricted accounts securing letters of credit			$ 151,500,000
Number of affected homes that have not accepted Company's offer to repair								2

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) (Fair Value, Measurements, Nonrecurring, USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 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	0	6,377
Land held for sale	0
Right to purchase land		1,600
Total
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	0	6,377
Land held for sale	0
Right to purchase land		$ 1,600

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying values and estimated fair values of other financial assets and liabilities	$ 1,260,866	$ 1,262,072
Carrying Amount \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,199,344	1,201,067
Mandatory Convertible Subordinated Notes	9,402	9,402
Carrying Amount \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	52,120	51,603
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying values and estimated fair values of other financial assets and liabilities	1,318,783	1,287,813
Fair Value \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,259,773	1,228,745
Mandatory Convertible Subordinated Notes	6,890	7,465
Fair Value \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	$ 52,120	$ 51,603

- Definition

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

Stock-based Compensation (Details) (USD $)	3 Months Ended						3 Months Ended
Stock-based Compensation (Details) (USD $)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012 Stock Options [Member]	Dec. 31, 2012 SSARs / Stock Options [Member]	Dec. 31, 2012 Nonvested Stock Awards [Member]	Sep. 30, 2012 Nonvested Stock Awards [Member]	Dec. 31, 2012 Performance Shares [Member]	Dec. 31, 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	$ 800,000
Total stock-based compensation included in general and administrative expenses, net of tax	600,000
Number of shares surrendered by emloyees (shares)	1,306	6,518
Aggregate value of shares surrendered	34,000	11,000
Intrinsic value of SSAR/stock options outstanding				1,200,000
Aggregate intrinsic value of SSARs/stock options vested and expected to vest				1,200,000
SSARs/stock options weighted average expected life				3 years
Unrecognized compensation costs related to non-vested stock awards					2,400,000	2,100,000
Number of shares of performance-based restricted stock issued (shares)							31,532
Weighted average period to recognize remaining cost					1 year 4 months 24 days
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)							35.60%
Expected volatility rate range maximum (percent)							60.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions [Abstract]
Expected life of options			5 years
Expected volatility			46.15%
Expected discrete dividends			0
Weighted average risk-free interest rate			0.63%				0.34%
Weighted average fair value			$ 5.39
Share-based Compensation Arrangement by Share-based Payment Award, Outstanding [Roll Forward]
Shares outstanding at beginning of period (shares)				429,965
Granted (shares)				$ 200,000
Expired (shares)				(1,703)
Forfeited (shares)				(1,970)
Shares outstanding at end of period (shares)				581,857
Exercisable at end of period				301,795
Vested or expected to vest in the future (shares)				580,353
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				$ 40.80
Weighted average exercise price of shares granted				$ 13.33
Weighted average exercise price of shares expired				$ 104.19
Weighted average exercise price of shares forfeited				$ 19.08
Weighted average exercise price of shares outstanding at beginning of period				$ 33.35
Weighted average exercise price of shares exercisable at end of period				$ 50.33
Weighted average exercise price of shares vested or expected to vest in the future				$ 33.39
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)								323,335
Granted (shares)				155,565				92,592
Shares vested (shares)								(31,653)
Shares forfeited (shares)								(3,093)
Shares outstanding at end of period (shares)								381,181
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								$ 19.61
Weighted average grant date fair value of shares granted							$ 5.02	$ 10.26
Weighted average grant date fair value of shares vested in period								$ 10.80
Weighted average grant date fair value of shares forfeited in period								$ 16.19
Weighted average grant date fair value of shares outstanding at end of period								$ 18.10

Segment Information (Details) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

Dec. 31, 2012

segment

state

Dec. 31, 2011

Sep. 30, 2012

Segment Reporting Information [Line Items]

Number of homebuilding segments

Number of states in which home building segments operate

Revenue

$ 246,902

$ 188,548

Operating income/(loss)

(3,601)

(16,699)

Equity in income (loss) of unconsolidated entities

(77)

Other expense, net

(15,627)

(18,273)

Loss from continuing operations before income taxes

(19,192)

(35,049)

Depreciation and amortization

2,715

2,403

Capital Expenditures

1,772

8,636

Assets

1,921,524

1,982,218

Operating Segments

Segment Reporting Information [Line Items]

Operating income/(loss)

16,876

862

Depreciation and amortization

2,023

1,743

West Segment

Segment Reporting Information [Line Items]

Revenue

110,126

70,777

Operating income/(loss)

8,358

(591)

Depreciation and amortization

1,022

780

Capital Expenditures

815

675

Assets

625,347

618,805

East Segment

Segment Reporting Information [Line Items]

Revenue

96,539

81,818

Operating income/(loss)

6,188

806

Depreciation and amortization

683

505

Capital Expenditures

231

815

Assets

315,499

320,404

Southeast Segment

Segment Reporting Information [Line Items]

Revenue

40,237

35,568

Operating income/(loss)

2,330

785

Depreciation and amortization

318

339

Capital Expenditures

626

Assets

186,652

160,868

Pre-Owned Segment

Segment Reporting Information [Line Items]

Revenue

385

Operating income/(loss)

(138)

Depreciation and amortization

119

Capital Expenditures

^[1]

6,375

^[1]

Corporate and unallocated

Segment Reporting Information [Line Items]

Operating income/(loss)

(20,477)

^[2]

(17,561)

^[2]

Depreciation and amortization

692

^[2]

660

^[2]

Capital Expenditures

702

145

Assets

$ 794,026

^[3]

$ 882,141

^[3]

[1]	Capital expenditures represent the purchase of previously owned homes during the quarter ended December 31, 2011.
[2]	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.
[3]	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.

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
ASSETS
Cash and cash equivalents	$ 396,696	$ 487,795	$ 272,524	$ 370,403
Restricted cash	251,455	253,260
Accounts receivable (net of allowance of $2,184 and $2,235, respectively)	23,484	24,599
Income tax receivable	2,513	6,372
Owned inventory	1,141,691	1,099,132
Consolidated inventory not owned	9,205	12,420
Investments in unconsolidated entities	42,029	42,078
Deferred tax assets, net	6,924	6,848
Property, plant and equipment, net	18,054	18,974
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	29,473	30,740
Total assets	1,921,524	1,982,218
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	56,062	69,268
Other liabilities	122,269	147,718
Intercompany	0	0
Obligations related to land not owned under option agreements	3,625	4,787
Total debt (net of discounts of $2,944 and $3,082, respectively)	1,496,951	1,498,198
Total liabilities	1,678,907	1,719,971
Stockholders' equity	242,617	262,247
Total liabilities and stockholders' equity	1,921,524	1,982,218
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	398,678	481,394	272,869	360,723
Restricted cash	251,074	252,900
Accounts receivable (net of allowance of $2,184 and $2,235, respectively)	0	0
Income tax receivable	2,513	6,372
Owned inventory	0	0
Consolidated inventory not owned	0	0
Investments in unconsolidated entities	773	773
Deferred tax assets, net	6,924	6,848
Property, plant and equipment, net	0	0
Investments in subsidiaries	66,746	63,120
Intercompany	1,020,717	969,425
Other assets	21,132	21,307
Total assets	1,768,557	1,802,139
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	36,613	49,354
Intercompany	1,093	1,098
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $2,944 and $3,082, respectively)	1,488,234	1,489,440
Total liabilities	1,525,940	1,539,892
Stockholders' equity	242,617	262,247
Total liabilities and stockholders' equity	1,768,557	1,802,139
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	931	8,215	1,882	10,488
Restricted cash	381	360
Accounts receivable (net of allowance of $2,184 and $2,235, respectively)	23,480	24,594
Income tax receivable	0	0
Owned inventory	1,141,691	1,099,132
Consolidated inventory not owned	9,205	12,420
Investments in unconsolidated entities	41,256	41,305
Deferred tax assets, net	0	0
Property, plant and equipment, net	18,054	18,974
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	6,781	7,783
Total assets	1,241,779	1,212,783
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	56,062	69,268
Other liabilities	83,869	96,389
Intercompany	1,025,998	973,788
Obligations related to land not owned under option agreements	3,625	4,787
Total debt (net of discounts of $2,944 and $3,082, respectively)	8,717	8,758
Total liabilities	1,178,271	1,152,990
Stockholders' equity	63,508	59,793
Total liabilities and stockholders' equity	1,241,779	1,212,783
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	599	646	1,175	418
Restricted cash	0	0
Accounts receivable (net of allowance of $2,184 and $2,235, respectively)	4	5
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
Investments in subsidiaries	0	0
Intercompany	2,862	3,001
Other assets	1,560	1,650
Total assets	5,025	5,302
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	1,787	1,975
Intercompany	0	0
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $2,944 and $3,082, respectively)	0	0
Total liabilities	1,787	1,975
Stockholders' equity	3,238	3,327
Total liabilities and stockholders' equity	5,025	5,302
Consolidating Adjustments
ASSETS
Cash and cash equivalents	(3,512)	(2,460)	(3,402)	(1,226)
Restricted cash	0	0
Accounts receivable (net of allowance of $2,184 and $2,235, 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
Investments in subsidiaries	(66,746)	(63,120)
Intercompany	(1,023,579)	(972,426)
Other assets	0	0
Total assets	(1,093,837)	(1,038,006)
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(1,027,091)	(974,886)
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $2,944 and $3,082, respectively)	0	0
Total liabilities	(1,027,091)	(974,886)
Stockholders' equity	(66,746)	(63,120)
Total liabilities and stockholders' equity	$ (1,093,837)	$ (1,038,006)

Supplemental Guarantor Information - Unaudited Consolidating Statement of Operations (Details) (USD $)	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 246,902,000	$ 188,548,000
Home construction and land sales expenses	210,614,000	162,776,000
Inventory impairments and option contract abandonments	204,000	3,503,000
Gross profit	36,084,000	22,269,000
Commissions	10,642,000	8,371,000
General and administrative expenses	26,328,000	28,194,000
Depreciation and amortization	2,715,000	2,403,000
Operating loss	(3,601,000)	(16,699,000)
Equity in income (loss) of unconsolidated entities	36,000	(77,000)
Other (expense) income, net	(15,627,000)	(18,273,000)
(Loss) income from continuing operations before income taxes	(19,192,000)	(35,049,000)
(Benefit from) provisions for income taxes	(253,000)	(35,747,000)
Equity in (loss) income of subsidiaries	0	0
(Loss) income from continuing operations	(18,939,000)	698,000
(Loss) income from discontinued operations, net of tax	(1,449,000)	41,000
Equity in income (loss) of subsidiaries	0	0
Net (loss) income	(20,388,000)	739,000
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue	0	0
Home construction and land sales expenses	8,475,000	12,843,000
Inventory impairments and option contract abandonments	0	28,000
Gross profit	(8,475,000)	(12,871,000)
Commissions	0	0
General and administrative expenses	0	0
Depreciation and amortization	0	0
Operating loss	(8,475,000)	(12,871,000)
Equity in income (loss) of unconsolidated entities	0	0
Other (expense) income, net	(16,211,000)	(19,117,000)
(Loss) income from continuing operations before income taxes	(24,686,000)	(31,988,000)
(Benefit from) provisions for income taxes	(437,000)	(12,434,000)
Equity in (loss) income of subsidiaries	5,310,000	20,252,000
(Loss) income from continuing operations	(18,939,000)	698,000
(Loss) income from discontinued operations, net of tax	0	0
Equity in income (loss) of subsidiaries	(1,449,000)	41,000
Net (loss) income	(20,388,000)	739,000
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	246,902,000	188,548,000
Home construction and land sales expenses	202,356,000	150,153,000
Inventory impairments and option contract abandonments	204,000	3,475,000
Gross profit	44,342,000	34,920,000
Commissions	10,642,000	8,371,000
General and administrative expenses	26,301,000	28,166,000
Depreciation and amortization	2,715,000	2,403,000
Operating loss	4,684,000	(4,020,000)
Equity in income (loss) of unconsolidated entities	36,000	(77,000)
Other (expense) income, net	580,000	834,000
(Loss) income from continuing operations before income taxes	5,300,000	(3,263,000)
(Benefit from) provisions for income taxes	94,000	(23,383,000)
Equity in (loss) income of subsidiaries	0	0
(Loss) income from continuing operations	5,206,000	20,120,000
(Loss) income from discontinued operations, net of tax	(1,491,000)	44,000
Equity in income (loss) of subsidiaries	0	0
Net (loss) income	3,715,000	20,164,000
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	217,000	220,000
Home construction and land sales expenses	0	0
Inventory impairments and option contract abandonments	0	0
Gross profit	217,000	220,000
Commissions	0	0
General and administrative expenses	27,000	28,000
Depreciation and amortization	0	0
Operating loss	190,000	192,000
Equity in income (loss) of unconsolidated entities	0	0
Other (expense) income, net	4,000	10,000
(Loss) income from continuing operations before income taxes	194,000	202,000
(Benefit from) provisions for income taxes	90,000	70,000
Equity in (loss) income of subsidiaries	0	0
(Loss) income from continuing operations	104,000	132,000
(Loss) income from discontinued operations, net of tax	42,000	(3,000)
Equity in income (loss) of subsidiaries	0	0
Net (loss) income	146,000	129,000
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total revenue	(217,000)	(220,000)
Home construction and land sales expenses	(217,000)	(220,000)
Inventory impairments and option contract abandonments	0	0
Gross profit	0	0
Commissions	0	0
General and administrative expenses	0	0
Depreciation and amortization	0	0
Operating loss	0	0
Equity in income (loss) of unconsolidated entities	0	0
Other (expense) income, net	0	0
(Loss) income from continuing operations before income taxes	0	0
(Benefit from) provisions for income taxes	0	0
Equity in (loss) income of subsidiaries	(5,310,000)	(20,252,000)
(Loss) income from continuing operations	(5,310,000)	(20,252,000)
(Loss) income from discontinued operations, net of tax	0	0
Equity in income (loss) of subsidiaries	1,449,000	(41,000)
Net (loss) income	$ (3,861,000)	$ (20,293,000)

Supplemental Guarantor Information - Unaudited Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (87,453)	$ (71,087)
Cash flows from investing activities:
Capital expenditures	(1,772)	(8,636)
Investments in unconsolidated entities	(115)	(477)
Increases in restricted cash	(278)	(672)
Decreases in restricted cash	2,083	489
Net cash provided by (used in) investing activities	(82)	(9,296)
Cash flows from financing activities:
Repayment of debt	(1,902)	(1,522)
Settlement of unconsolidated entity debt obligation	(500)	(15,862)
Debt issuance costs	(1,136)	(97)
Dividends paid	0	0
Advances to/from subsidiaries	0	0
Payments for other financing activities	(26)	(15)
Net cash (used in) provided by financing activities	(3,564)	(17,496)
(Decrease) increase in cash and cash equivalents	(91,099)	(97,879)
Cash and cash equivalents at beginning of period	487,795	370,403
Cash and cash equivalents at end of period	396,696	272,524
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	315	(105,844)
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Increases in restricted cash	(132)	(255)
Decreases in restricted cash	1,958	0
Net cash provided by (used in) investing activities	1,826	(255)
Cash flows from financing activities:
Repayment of debt	(1,861)	(1,181)
Settlement of unconsolidated entity debt obligation	0	0
Debt issuance costs	(1,136)	(97)
Dividends paid	0	(1,800)
Advances to/from subsidiaries	(81,834)	21,338
Payments for other financing activities	(26)	(15)
Net cash (used in) provided by financing activities	(84,857)	18,245
(Decrease) increase in cash and cash equivalents	(82,716)	(87,854)
Cash and cash equivalents at beginning of period	481,394	360,723
Cash and cash equivalents at end of period	398,678	272,869
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(87,817)	33,963
Cash flows from investing activities:
Capital expenditures	(1,772)	(8,636)
Investments in unconsolidated entities	(115)	(477)
Increases in restricted cash	(146)	(417)
Decreases in restricted cash	125	489
Net cash provided by (used in) investing activities	(1,908)	(9,041)
Cash flows from financing activities:
Repayment of debt	(41)	(341)
Settlement of unconsolidated entity debt obligation	(500)	(15,862)
Debt issuance costs	0	0
Dividends paid	0	0
Advances to/from subsidiaries	82,982	(17,325)
Payments for other financing activities	0	0
Net cash (used in) provided by financing activities	82,441	(33,528)
(Decrease) increase in cash and cash equivalents	(7,284)	(8,606)
Cash and cash equivalents at beginning of period	8,215	10,488
Cash and cash equivalents at end of period	931	1,882
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	49	794
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Repayment of debt	0	0
Settlement of unconsolidated entity debt obligation	0	0
Debt issuance costs	0	0
Dividends paid	0	1,800
Advances to/from subsidiaries	(96)	(1,837)
Payments for other financing activities	0	0
Net cash (used in) provided by financing activities	(96)	(37)
(Decrease) increase in cash and cash equivalents	(47)	757
Cash and cash equivalents at beginning of period	646	418
Cash and cash equivalents at end of period	599	1,175
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Repayment of debt	0	0
Settlement of unconsolidated entity debt obligation	0	0
Debt issuance costs	0	0
Dividends paid	0	0
Advances to/from subsidiaries	(1,052)	(2,176)
Payments for other financing activities	0	0
Net cash (used in) provided by financing activities	(1,052)	(2,176)
(Decrease) increase in cash and cash equivalents	(1,052)	(2,176)
Cash and cash equivalents at beginning of period	(2,460)	(1,226)
Cash and cash equivalents at end of period	$ (3,512)	$ (3,402)

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information Parentheticals (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Sep. 30, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Allowances for accounts receivable	$ 2,184	$ 2,235

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

3 Months Ended

Dec. 31, 2012

Dec. 31, 2011

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

Home construction and land sales expenses

$ 210,614,000

$ 162,776,000

Inventory impairments and option contract abandonments

204,000

3,503,000

Gross profit

36,084,000

22,269,000

Commissions

10,642,000

8,371,000

General and administrative expenses

26,328,000

28,194,000

Depreciation and amortization

2,715,000

2,403,000

Operating loss

(3,601,000)

(16,699,000)

Other (expense) income, net

(15,627,000)

(18,273,000)

Benefit from income taxes

(253,000)

(35,747,000)

(Loss) income from discontinued operations, net of tax

(1,449,000)

41,000

Discontinued Operations

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

Total revenue

96,000

3,196,000

Home construction and land sales expenses

94,000

2,788,000

Inventory impairments and option contract abandonments

17,000

32,000

Gross profit

(15,000)

376,000

Commissions

158,000

General and administrative expenses

1,525,000

^[1]

517,000

^[1]

Depreciation and amortization

21,000

Operating loss

(1,540,000)

(320,000)

Equity in loss of unconsolidated entities

(29,000)

Other (expense) income, net

69,000

(9,000)

Loss from discontinued operations before income taxes

(1,471,000)

(358,000)

Benefit from income taxes

(22,000)

(399,000)

(Loss) income from discontinued operations, net of tax

(1,449,000)

41,000

Legal fees

$ 1,500,000

[1]	The three months ended December 31, 2012, includes approximately $1.5 million of expense for legal fees and potential liability related to outstanding matters in Denver, Colorado.