Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2014	Nov. 11, 2014	Mar. 31, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	BEAZER HOMES USA INC
Entity Central Index Key	0000915840
Document Type	10-K
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		27,167,178
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 536,575,471

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Total revenue	$ 1,463,767	$ 1,287,577	$ 1,005,677
Home construction and land sales expenses	1,192,001	1,070,814	888,379
Inventory impairments and option contract abandonments	8,307	2,633	12,210
Gross profit	263,459	214,130	105,088
Commissions	58,028	52,922	43,585
General and administrative expenses	136,463	121,163	110,051
Depreciation and amortization	13,279	12,784	13,510
Operating income (loss)	55,689	27,261	(62,058)
Equity in income (loss) of unconsolidated entities	6,545	(113)	304
Loss on extinguishment of debt	(19,917)	(4,636)	(45,097)
Other expense, net	(49,191)	(58,165)	(69,119)
Loss from continuing operations before income taxes	(6,874)	(35,653)	(175,970)
Benefit from income taxes	(41,797)	(3,489)	(40,347)
Income (loss) from continuing operations	34,923	(32,164)	(135,623)
Loss from discontinued operations, net of tax	(540)	(1,704)	(9,703)
Net income (loss)	34,383	(33,868)	(145,326)
Weighted average number of shares:
Basic	25,795	24,651	18,474
Diluted	31,795	24,651	18,474
Income (loss) per share:
Basic earnings (loss) per share from continuing operations	$ 1.35	$ (1.30)	$ (7.34)
Basic loss per share from discontinued operations	$ (0.02)	$ (0.07)	$ (0.53)
Basic earnings (loss) per share	$ 1.33	$ (1.37)	$ (7.87)
Diluted earnings (loss) per share from continuing operations	$ 1.10	$ (1.30)	$ (7.34)
Diluted loss per share from discontinued operations	$ (0.02)	$ (0.07)	$ (0.53)
Diluted earnings (loss) per share	$ 1.08	$ (1.37)	$ (7.87)
Unrealized loss related to available-for-sale securities	(1,276)	0	0
Comprehensive income (loss)	$ 33,107	$ (33,868)	$ (145,326)

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
ASSETS
Cash and cash equivalents	$ 324,154	$ 504,459
Restricted cash	62,941	48,978
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	34,429	22,342
Income tax receivable	46	2,813
Inventory
Owned inventory	1,557,496	1,304,694
Land not owned under option agreements	3,857	9,124
Total inventory	1,561,353	1,313,818
Investments in marketable securities and unconsolidated entities	38,341	44,997
Deferred tax assets, net	2,823	5,253
Property, plant and equipment, net	18,673	17,000
Other assets	23,460	27,129
Total assets	2,066,220	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	106,237	83,800
Other liabilities	142,516	145,623
Obligations related to land not owned under option agreements	2,916	4,633
Total debt (net of discounts of $4,399 and $5,160, respectively)	1,535,433	1,512,183
Total liabilities	1,787,102	1,746,239
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, 63,000,000 shares authorized, 27,173,421 and 25,245,945 issued and outstanding, respectively)	27	25
Paid-in capital	851,624	846,165
Accumulated deficit	(571,257)	(605,640)
Accumulated other comprehensive loss	(1,276)	0
Total stockholders’ equity	279,118	240,550
Total liabilities and stockholders’ equity	$ 2,066,220	$ 1,986,789

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
ASSETS
Allowances for accounts receivable	$ 1,245	$ 1,651
LIABILITIES AND STOCKHOLDERS’ EQUITY
Discounts on total debt	$ 4,399	$ 5,160
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	63,000,000	63,000,000
Common stock, shares issued	27,173,421	25,245,945
Common stock, shares outstanding	27,173,421	25,245,945

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Stockholders' equity at Sep. 30, 2011	$ 198,380	$ 15	$ 624,811	$ (426,446)
Stockholders' equity (shares) at Sep. 30, 2011		15,118,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(145,326)			(145,326)
Unrealized loss related to available-for-sale securities	0
Total comprehensive income	(145,326)
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		4,969,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	56,675	5	56,670
Amortization of nonvested stock option awards	2,569		2,569
Amortization of stock option awards	1,459		1,459
Tax excess from stock transactions	(85)		(85)
Shares issued under employee stock plans, net (shares)		124,000
Shares issued under employee stock plans, net	0	0	0
Common stock issued (shares)		4,400,000
Common stock issued	60,340	5	60,335
Issuance of prepaid stock purchase contracts (shares)		0
Issuance of prepaid stock purchase contracts	88,361		88,361
Common stock redeemed (shares)		(9,000)
Common stock redeemed	(126)		(126)
Stockholders' equity at Sep. 30, 2012	262,247	25	833,994	(571,772)
Stockholders' equity (shares) at Sep. 30, 2012		24,602,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(33,868)			(33,868)
Unrealized loss related to available-for-sale securities	0
Total comprehensive income	(33,868)
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		566,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	9,402		9,402
Amortization of nonvested stock option awards	1,986		1,986
Amortization of stock option awards	872		872
Exercises of stock options (shares)		1,000
Exercises of stock options	7		7
Tax excess from stock transactions	(36)		(36)
Shares issued under employee stock plans, net (shares)		83,000
Shares issued under employee stock plans, net	68	0	68
Common stock issued (shares)		0
Common stock issued	(7)	0	(7)
Common stock redeemed (shares)		(6,000)
Common stock redeemed	(121)		(121)
Stockholders' equity at Sep. 30, 2013	240,550	25	846,165	(605,640)
Stockholders' equity (shares) at Sep. 30, 2013		25,246,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	34,383			34,383
Unrealized loss related to available-for-sale securities	(1,276)				(1,276)
Total comprehensive income	33,107
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		1,368,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	2,484	2	2,482
Amortization of nonvested stock option awards	1,755		1,755
Amortization of stock option awards	832		832
Exercises of stock options (shares)		3,000
Exercises of stock options	39		39
Tax excess from stock transactions	698		698
Shares issued under employee stock plans, net (shares)		596,000
Shares issued under employee stock plans, net	103	0	103
Forfeiture of restricted stock (shares)		(16,000)
Common stock redeemed (shares)		(24,000)
Common stock redeemed	(450)		(450)
Stockholders' equity at Sep. 30, 2014	$ 279,118	$ 27	$ 851,624	$ (571,257)	$ (1,276)
Stockholders' equity (shares) at Sep. 30, 2014		27,173,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ 34,383	$ (33,868)	$ (145,326)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	13,279	12,784	13,545
Stock-based compensation expense	2,587	2,858	4,028
Inventory impairments and option contract abandonments	8,307	2,650	12,789
Deferred and other income tax benefit	(12,590)	(421)	(38,782)
Changes in allowance for doubtful accounts	(406)	(584)	(1,637)
Equity in (income) loss of unconsolidated entities	(6,545)	114	(267)
Cash distributions of income from unconsolidated entities	566	336	0
Loss on extinguishment of debt	2,670	4,636	45,097
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(11,681)	2,841	9,751
Decrease (increase) in income tax receivable	2,767	3,559	(1,549)
(Increase) decrease in inventory	(230,138)	(186,349)	92,790
Decrease in other assets	1,292	1,906	6,907
Increase (decrease) in trade accounts payable	22,437	14,532	(3,427)
Increase (decrease) in other liabilities	13,002	413	(14,703)
Other changes	(399)	(49)	(61)
Net cash used in operating activities	(160,469)	(174,642)	(20,845)
Cash flows from investing activities:
Capital expenditures	(14,553)	(10,761)	(17,363)
Investments in unconsolidated entities	(5,218)	(3,879)	(2,407)
Return of capital from unconsolidated entities	1,703	510	610
Increases in restricted cash	(15,608)	(4,790)	(3,260)
Decreases in restricted cash	1,645	209,072	27,058
Net cash (used in) provided by investing activities	(32,031)	190,152	4,638
Cash flows from financing activities:
Repayment of debt	(307,602)	(184,723)	(290,387)
Proceeds from issuance of new debt	325,000	397,082	300,000
Repayment of cash secured loans	0	(205,000)	(20,000)
Debt issuance costs	(5,490)	(5,548)	(10,845)
Proceeds from issuance of common stock, net	0	0	60,340
Proceeds from issuance of TEU prepaid stock purchase contracts, net	0	0	88,361
Proceeds from issuance of TEU amortizing notes	0	0	23,500
Settlement of unconsolidated entity debt obligation	0	(500)	(15,862)
Other changes	287	(157)	(1,508)
Net cash provided by financing activities	12,195	1,154	133,599
(Decrease) increase in cash and cash equivalents	(180,305)	16,664	117,392
Cash and cash equivalents at beginning of period	504,459	487,795	370,403
Cash and cash equivalents at end of period	$ 324,154	$ 504,459	$ 487,795

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Organization. Beazer Homes USA, Inc. is one of the ten largest homebuilders in the United States, based on number of homes closed. We are a geographically diversified homebuilder with active operations in 16 states: Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Results from our title services business and exit markets are reported as discontinued operations in the accompanying Consolidated Statements of Operations for all periods presented (see Note 16 for further discussion of our Discontinued Operations). We evaluated events that occurred after the balance sheet date but before the financial statements were issued or are available to be issued for accounting treatment and disclosure.

Presentation. The accompanying consolidated financial statements include the accounts of Beazer Homes USA, Inc. and our subsidiaries. Intercompany balances have been eliminated in consolidation.

Cash and Cash Equivalents and Restricted Cash. We consider investments with maturities of three months or less when purchased to be cash equivalents. At September 30, 2014, the majority of our cash and cash equivalents were invested in high-quality money market mutual funds, highly marketable securities, or on deposit with major banks, which were valued at par with no withdrawal restrictions. The underlying investments of these funds were U.S. Government and U.S. Government Agency obligations or high quality marketable securities. Restricted cash includes cash restricted by state law or a contractual requirement, including cash collateral for our cash secured term loan and outstanding letters of credit.

Accounts Receivable. Accounts receivable include escrow deposits to be received from title companies associated with closed homes, receivables from municipalities related to the development of utilities or other infrastructure and other miscellaneous receivables. Generally, we receive cash from title companies within a few days of the home being closed. We regularly review our receivable balances for collectiblity and record an allowance against the receivable when collectiblity is deemed to be uncertain.

Inventory. Owned inventory consists solely of residential real estate developments. Interest, real estate taxes and development costs are capitalized in inventory during the development and construction period. Construction and land costs are comprised of direct and allocated costs, including estimated future costs for warranties and amenities. Land, land improvements and other common costs are typically allocated to individual residential lots on a pro-rata basis, and the costs of residential lots are transferred to homes under construction when home construction begins. Consolidated inventory not owned represents the fair value of land under option agreements of a variable interest entity (VIE) where the Company is deemed to be the primary beneficiary of the VIE. VIEs are entities in which 1) equity investors do not have a controlling financial interest and/or 2) the entity is unable to finance its activities without additional subordinated financial support from other parties. In addition, when our deposits and pre-acquisition development costs exceed certain thresholds, we record the remaining purchase price of the lots as consolidated inventory not owned and obligations related to consolidated inventory not owned in the Consolidated Balance Sheets.

Inventory Valuation - Held for Development. 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. We assess these assets no less than quarterly for recoverability. Generally, upon the commencement of land development activities, it may take three to five years (depending on, among other things, the size of the community and its sales pace) to fully develop, sell, construct and close all the homes in a typical community. A significant downturn in our business, as experienced in the recent past, may negatively impact the estimated life of communities. Recoverability of assets is measured by comparing the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If the expected undiscounted cash flows generated are expected to be less than its carrying amount, an impairment charge should be recorded to write down the carrying amount of such asset to its estimated fair value based on discounted cash flows.

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 or in our forecast that are below a minimum threshold of profitability. In our experience, this threshold represents a level of profitability that may be an indicator of conditions which would require an asset impairment but does not guarantee that such impairment will definitively be appropriate. As such, assets on the quarterly watch list are subject to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold. For communities where the current competitive and market dynamics indicate that these factors may be other than temporary, which may call into question the recoverability of our investment, a formal impairment analysis is performed. The formal impairment analysis consists of both qualitative competitive market analyses and a quantitative analysis reflecting market and asset specific information.

Our qualitative competitive market analyses include site visits to competitor new home communities and written community level competitive assessments. A competitive assessment consists of a comparison of our specific community with its competitor communities, considering square footage of homes offered, amenities offered within the homes and the communities, location, transportation availability and school districts, among many factors. In addition, we review the pace of monthly home sales of our competitor communities in relation to our specific community. We also review other factors such as the target buyer and the macro-economic characteristics that impact the performance of our assets, such as unemployment and the availability of mortgage financing, among other things. Based on this qualitative competitive market analysis, adjustments to our sales prices may be required in order to make our communities competitive. We incorporate these adjusted prices in our quantitative analysis for the specific community.

The quantitative analysis compares the projected future undiscounted cash flows for each such community with its current carrying value. This undiscounted cash flow analysis requires important assumptions regarding the location and mix of house plans to be sold, current and future home sale prices and incentives for each plan, current and future construction costs for each plan, and the pace of monthly sales to occur today and into the future.

There is uncertainty associated with preparing the undiscounted cash flow analysis because future market conditions will almost certainly be different, either better or worse, than current conditions. The single most important “input” to the cash flow analysis is current and future home sales prices for a specific community. The risk of over or under-stating any of the important cash flow variables, including home prices, is greater with longer-lived communities and within markets that have historically experienced greater home price volatility. In an effort to address these risks, we consider some home price and construction cost appreciation in future years for certain communities that are expected to be selling for more than three years and/or if the market has typically exhibited high levels of price volatility. Absent these assumptions on cost and sales price appreciation, we believe the long-term cash flow analysis would be unrealistic and would serve to artificially improve expected future profitability. Finally, we also ensure that the monthly sales absorptions, including historical seasonal differences of our communities and those of our competitors, used in our undiscounted cash flow analyses are realistic, consider our development schedules and relate to those achieved by our competitors for the specific communities.

If the aggregate undiscounted cash flows from our quantitative analysis are in excess of the carrying value, the asset is considered to be recoverable and is not impaired. If the aggregate undiscounted cash flows are less than the carrying or book value, we perform a discounted cash flow analysis to determine the fair value of the community. The fair value of the community is estimated using the present value of the estimated future cash flows using discount rates commensurate with the risk associated with the underlying community assets. The discount rate used may be different for each community. The factors considered when determining an appropriate discount rate for a community include, among others: (1) community specific factors such as the number of lots in the community, the status of land development in the community, the competitive factors influencing the sales performance of the community and (2) overall market factors such as employment levels, consumer confidence and the existing supply of new and used homes for sale. If the determined fair value is less than the carrying value of the specific asset, the asset is considered not recoverable and is written down to its fair value plus the asset's share of capitalized unallocated interest and other costs. The carrying value of assets in communities that were previously impaired and continue to be classified as held for development is not increased for future estimates of increases in fair value in future reporting periods. Due to uncertainties in the estimation process, particularly with respect to projected home sales prices and absorption rates, the timing and amount of the estimated future cash flows and discount rates, it is reasonably possible that actual results could differ from the estimates used in our impairment analyses.

Asset Valuation - Land Held for Future Development. 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. The future enactment of a development plan or the occurrence of events and circumstances may indicate that the carrying amount of an asset may not be recoverable. We evaluate the potential development plans of each community in land held for future development if changes in facts and circumstances occur which would give rise to a more detailed analysis for a change in the status of a community to active status or held for development.

Asset Valuation - Land Held for Sale. We record assets held for sale at the lower of the carrying value or fair value less costs to sell. The following criteria are used to determine if land is held for sale:


•	management has the authority and commits to a plan to sell the land;


•	the land is available for immediate sale in its present conditions;


•	there is an active program to locate a buyer and the plan to sell the property has been initiated;


•	the sale of the land is probable within one year;


•	the property is being actively marketed at a reasonable sale price relative to its current fair value; and


•	it is unlikely that the plan to sell will be withdrawn or that significant changes to the plan will be made.

Additionally, in certain circumstances, management will re-evaluate the best use of an asset that is currently being accounted for as held for development. In such instances, management will review, among other things, the current and projected competitive circumstances of the community, including the level of supply of new and used inventory, the level of sales absorptions by us and our competition, the level of sales incentives required and the number of owned lots remaining in the community. If, based on this review and the foregoing criteria have been met at the end of the applicable reporting period, we believe that the best use of the asset is the sale of all or a portion of the asset in its current condition, then all or portions of the community are accounted for as held for sale.

In determining the fair value of the assets less cost to sell, we consider factors including current sales prices for comparable assets in the area, recent market analysis studies, appraisals, any recent legitimate offers, and listing prices of similar properties. If the estimated fair value less cost to sell of an asset is less than its current carrying value, the asset is written down to its estimated fair value less cost to sell. Due to uncertainties in the estimation process, it is reasonably possible that actual results could differ from the estimates used in our historical analyses.

Land Not Owned Under Option Agreements. In addition to purchasing land directly, we utilize lot option agreements 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. Under lot option contracts our liability is generally limited to forfeiture of the non-refundable deposits, letters of credit and other non-refundable amounts incurred.

In accordance with generally accepted accounting principles in the United States of America (GAAP), if the entity holding the land under option is a VIE, the Company's deposit represents a variable interest in that entity. To determine whether we are the primary beneficiary of the VIE, we are first required to evaluate whether we have the ability to control the activities of the VIE that most significantly impact its economic performance. Such activities include, but are not limited to, the ability to determine the budget and scope of land development work, if any; the ability to control financing decisions for the VIE; the ability to acquire additional land into the VIE or dispose of land in the VIE not under contract with Beazer; and the ability to change or amend the existing option contract with the VIE. If we are not determined to control such activities, we are not considered the primary beneficiary of the VIE and thus do not consolidate the VIE. If we do have the ability to control such activities, we will continue our analysis by determining if we are expected to absorb a potentially significant amount of the VIE's losses or, if no party absorbs the majority of such losses, if we will benefit from potentially a significant amount of the VIE's expected gains.

If we are the primary beneficiary of the VIE, we will consolidate the VIE and reflect such assets and liabilities as land not owned under option agreements in our balance sheets, though creditors of the VIE have no recourse against the Company. For VIEs we are required to consolidate, we record 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. During the recent housing industry downturn, the Company canceled a significant number of lot option agreements, which resulted in significant write-offs of the related deposits and pre-acquisition costs but did not expose the Company to the overall risks or losses of the applicable VIEs.

Investments in Marketable Securities and Unconsolidated Entities. We have an equity investment in American Homes 4 Rent (AMH) resulting from the sale of Pre-Owned. We account for the investment in AMH as a marketable security. As of September 30, 2014, all of our marketable securities were treated as available-for-sale investments, and, as such, we have recorded all of our marketable securities at fair value with changes in fair value being recorded as a component of accumulated other comprehensive income (loss). When a security is sold, we use specific identification to determine the cost of the security sold for the amount reclassified out of accumulated other comprehensive income (loss). We evaluate our investments in marketable securities for impairment during each reporting period. We consider the length of time and extent to which the marketable value of the investment has been less than cost, either or both of which may lead to a conclusion that the security is other than temporarily impaired.

We also participate in a number of joint ventures and other investments in which we have less than a controlling interest. We enter into the majority of these investments with land developers, other homebuilders and financial partners to acquire attractive land positions, to manage our risk profile and to leverage our capital base. The land positions are developed into finished lots for sale to the unconsolidated entity’s members or other third parties. We recognize our share of equity in income (loss) and profits (losses) from the sale of lots to other buyers. Our share of profits from lots we purchase from the unconsolidated entities is deferred and treated as a reduction of the cost of the land purchased from the unconsolidated entity. Such profits are subsequently recognized at the time the home closes and title passes to the homebuyer. We evaluate our investments in unconsolidated entities for impairment during each reporting period. A series of operating losses of an investee or other factors may indicate that a decrease in the value of our investment in the unconsolidated entity has occurred which is other-than-temporary. The amount of impairment recognized is the excess of the investment’s carrying value over its estimated fair value. Our unconsolidated entities typically obtain secured acquisition and development financing. We account for our interest in unconsolidated entities under the equity method.

See Note 3, Investments in Marketable Securities and Unconsolidated Entities.

Property, Plant and Equipment. Property, plant and equipment is recorded at cost. Depreciation is computed on a straight-line basis at rates based on estimated useful lives as follows:



Buildings		25 - 30 years
Building improvements		Lesser of estimated useful life of the improvements or remaining useful life of the building
Information systems		Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures, and computer and office equipment		3 - 7 years
Model and sales office improvements		Lesser of estimated useful life of the asset or estimated useful life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Other Assets. Other assets principally include prepaid expenses, debt issuance costs and deferred compensation plan assets.

Income Taxes. The provision for income taxes is comprised of taxes that are currently payable and deferred taxes that relate to temporary differences between financial reporting carrying values and tax bases of assets and liabilities. Deferred tax assets and liabilities result from deductible or taxable amounts in future years when such assets and liabilities are recovered or settled and are measured using the enacted tax rates and laws that are expected to be in effect when the assets and liabilities are recovered or settled. We include any estimated interest and penalties on tax related matters in income taxes payable. We recognize the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition of measurement are recorded in the period in which the change in judgment occurs. We record interest and penalties related to unrecognized tax benefits in income tax expense.

Other Liabilities. Other liabilities include the following:



(In thousands)	September 30, 2014		September 30, 2013
Income tax liabilities	$	5,576	$	20,170
Accrued warranty expenses	16,084		11,663
Accrued interest	34,645		33,372
Accrued and deferred compensation	24,270		25,579
Customer deposits	11,977		11,408
Other	49,964		43,431
Total	$	142,516	$	145,623

Income Recognition and Classification of Costs. Revenue and related profit are generally recognized at the time of the closing of a sale, when title to and possession of the property are transferred to the buyer.

Sales discounts and incentives include items such as cash discounts, discounts on options included in the home, option upgrades (such as upgrades for cabinetry, countertops and flooring), and seller-paid financing or closing costs. In addition, from time to time, we may also provide homebuyers with retail gift certificates and/or other nominal retail merchandise. All sales incentives other than cash discounts are recognized as a cost of selling the home and are included in home construction and land sales expenses. Cash discounts are accounted for as a reduction in the sales price of the home.

Estimated future warranty costs are charged to cost of sales in the period when the revenues from home closings are recognized. Such estimated warranty costs generally range from 0.1% to 2.1% of total revenue. Additional warranty costs are charged to cost of sales as necessary based on management's estimate of the costs to remediate existing claims. See Note 9 for a more detailed discussion of warranty costs and related reserves.

Advertising costs related to our continuing operations of $17.8 million, $14.2 million and $13.5 million for fiscal years 2014, 2013 and 2012, respectively, were expensed as incurred and are included in general and administrative expenses.

Earnings Per Share. The computation of basic EPS is determined by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS additionally gives effect (when dilutive) to stock options, other stock based awards and other potentially dilutive securities including the common shares issuable upon conversion of our Tangible Equity Unit prepaid stock purchase contracts. These common stock equivalents for the fiscal year ended September 30, 2014 included options/stock-settled appreciation rights (SSARs) to purchase 0.7 million shares of common stock and 5.2 million shares issuable upon the conversion of our TEU prepaid stock purchase contracts (based on the maximum potential shares upon conversion). In computing diluted income (loss) per share for the fiscal years ended September 30, 2013 and 2012, all common stock equivalents were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect. See Notes 7, 12 and 13 for further discussion of these common stock equivalents.

Fair Value Measurements. Certain of our assets are required to be recorded at fair value on a recurring basis. The fair value of our available-for-sale marketable equity securities are based on readily available share prices. The fair value of our deferred compensation plan assets are based on market-corroborated inputs. 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 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 value of certain of our financial instruments approximate their carrying amounts due to the short maturity of these assets and liabilities or the variable interest rates on such obligations. The fair value of our publicly held debt is generally estimated based on quoted bid prices for these instruments. Certain of our other financial instruments are estimated by discounting scheduled cash flows through maturity or using market rates currently being offered on loans with similar terms and credit quality. See Note 10 for additional discussion of our fair value measurements.

Stock-Based Compensation. We use the Black-Scholes model to value SSARs and stock option grants. We estimate forfeitures in calculating the expense related to stock-based compensation. In addition, we reflect the benefits of tax deductions in excess of recognized compensation cost as a financing cash inflow and an operating cash outflow. Nonvested stock granted to employees is valued based on the market price of the common stock on the date of the grant. Performance based, nonvested stock granted to employees is valued using the Monte Carlo valuation method. Cash-settled, stock-based awards if, and when, granted to employees are initially valued based on the market price of the underlying common stock on the date of the grant and are adjusted to fair value until vested. Stock options issued to non-employees are valued using the Black-Scholes option pricing model. Nonvested stock granted to non-employees is initially valued based on the market price of the common stock on the date of the grant and is adjusted to fair value until vested. Compensation cost arising from nonvested stock granted to employees, from cash-settled, stock-based employee awards and from non-employee stock awards is recognized as expense using the straight-line method over the vesting period. Although the Company may, from time to time grant cash-settled awards to employees, for the fiscal years ended as of September 30, 2014, 2013 and 2012, there were no such awards either granted or outstanding.

Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Recent Accounting Pronouncements

In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists, (ASU 2013-11). ASU 2013-11 which states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward with certain defined exceptions. ASU 2013-11 is intended to end inconsistent practices regarding the presentation of a unrecognized tax benefits when a net operating loss (NOL), a similar tax loss or a tax credit carryforward is available to reduce the taxable income or tax payable that would result from the disallowance of a tax position. ASU 2013-11 will be effective for the Company’s fiscal year beginning October 1, 2014 and subsequent interim periods. Early and retrospective adoption is permitted. The adoption of ASU 2013-11 is not expected to have a material effect on our consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." ASU 2014-09 requires companies to recognize revenue when it transfers goods and services to customers in an amount that reflects the consideration in which the company expects to be entitled in exchange for those goods and services. The guidance within ASU 2014-09 will be effective for the Company's fiscal year beginning October 1, 2017 and allows for both full retrospective or modified retrospective methods of adoption. Early adoption is not permitted. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements.

- 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.

+ References+ Details

Supplemental Cash Flow Information

12 Months Ended

Sep. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(1,717	)	$	(154	)	$	(602	)
Decrease in future land purchase rights	—			—			(11,651		)
Contribution of future land purchase rights to unconsolidated entities	—			—			11,651
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(2,376		)	(9,402		)	(55,308		)
Contribution of Pre-Owned net assets for investment in unconsolidated entity	—			—			(19,670		)
Sale of interest in REIT for shares of AMH	26,040			—			—
Purchase of AMH shares in exchange for interest in REIT	(26,040		)	—			—
Non-cash land acquisitions	20,274			11,000			7,813
Issuance of stock under deferred bonus stock plans	103			68			—
Supplemental disclosure of cash activity:
Interest payments	117,501			102,716			126,313
Income tax payments	212			403			831
Tax refunds received	33,271			6,730			2,568

Investments in Marketable Securities and Unconsolidated Entities

12 Months Ended

Sep. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Investments in Marketable Securities and Unconsolidated Entities

Marketable Securities

The shares of American Homes 4 Rent (AMH) represent marketable equity securities with a readily available fair value. Based on the Company's intent to sell the shares in one or more future transactions but not actively trade in the shares, these securities were classified as available-for-sale securities. Upon receipt of the shares in exchange for the Company's interest in the real estate investment trust (REIT), the fair value was recorded at $26.0 million. Subsequently, the fair value of the shares declined to $24.7 million as of September 30, 2014, and the Company recorded an unrealized loss of $1.3 million which is reflected in Other Comprehensive Income (Loss).

Unconsolidated Entities

As of September 30, 2014, we owned marketable securities and 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 as of September 30, 2014 and September 30, 2013:



(In thousands)	September 30, 2014		September 30, 2013
Beazer’s investment in unconsolidated entities	$	13,576	$	44,997
Total equity of unconsolidated entities	59,336		385,040
Total outstanding borrowings of unconsolidated entities	11,254		85,938

For the fiscal years ended September 30, 2014, 2013 and 2012, our income 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:



	Fiscal Year Ended September 30,
(In thousands)	2014		2013			2012
Continuing operations:
Income from unconsolidated entity activity	$	6,545	$	68		$	304
Impairment of unconsolidated entity investment	—		(181		)	—
Equity in income (loss) of unconsolidated entities - continuing operations	$	6,545	$	(113	)	$	304

Beazer Pre-Owned Rental Homes

Effective May 3, 2012, we contributed $0.3 million in cash and our interest in Pre-Owned 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. During the fiscal year ended September 30, 2014, the REIT was sold to AMH, a publicly traded real estate investment trust. As a result of the transaction, the Company received Class A common stock in AMH. The Company recorded a gain on the transaction of $6.3 million during the fourth quarter of fiscal 2014 which is reflected in income (loss) of unconsolidated entities.

South Edge/Inspirada

During the fiscal year ended September 30, 2014, we and our joint venture partners received land in exchange for our investments in Inspirada. The change in total equity of unconsolidated entities above reflects these distributions. Also during the fiscal year ended September 30, 2014, we paid $1.0 million to the joint venture related to infrastructure and development costs. We continue to have an obligation for our portion of future infrastructure and other development costs which are estimated at approximately $5.7 million.

Guarantees

Our land development joint ventures typically obtain secured acquisition, development and construction financing. Historically, Beazer and our land development joint ventures partners have provided varying levels of guarantees of debt and other obligations for these unconsolidated entities. As of September 30, 2014, we had no outstanding guarantees of debt or other obligations related to our unconsolidated entities.

As of September 30, 2012, we had recorded $0.7 million in Other Liabilities related to one repayment guarantee. During the fiscal year ended September 30, 2013, 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 venture 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 fiscal years ended September 30, 2014 and 2013, 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 reasonable possible but not probable.

Inventory

12 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Inventory



(In thousands)	September 30, 2014		September 30, 2013
Homes under construction	$	282,095	$	262,476
Development projects in progress	786,768		578,453
Land held for future development	301,048		341,986
Land held for sale	51,672		31,331
Capitalized interest	87,619		52,562
Model homes	48,294		37,886
Total owned inventory	$	1,557,496	$	1,304,694

Homes under construction includes homes substantially finished and ready for delivery and homes in various stages of construction. We had 205 ($48.0 million) and 113 ($30.7 million) substantially completed homes that were not subject to a sales contract (spec homes) at September 30, 2014 and 2013, 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. The decrease in land held for future development relates to our activation of certain projects during fiscal 2014. Land held for sale in Unallocated and Other as of September 30, 2014 included land held for sale in the markets we have decided to exit including Jacksonville, Florida and Charlotte, North Carolina. Total owned inventory, by reportable segment, is set forth in the table below. Inventory located in California, the state with our largest concentration of inventory, was $426.1 million and $388.1 million at September 30, 2014 and 2013, respectively.



(In thousands)	Projects in Progress		Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2014
West Segment	$	462,508	$	260,898	$	10,026	$	733,432
East Segment	353,859		29,239		34,530		417,628
Southeast Segment	264,843		10,911		4,821		280,575
Unallocated & Other	123,566		—		2,295		125,861
Total	$	1,204,776	$	301,048	$	51,672	$	1,557,496
September 30, 2013
West Segment	$	339,319	$	292,875	$	16,572	$	648,766
East Segment	331,894		25,491		3,833		361,218
Southeast Segment	178,624		23,620		8,208		210,452
Unallocated & Other	81,540		—		2,718		84,258
Total	$	931,377	$	341,986	$	31,331	$	1,304,694

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 generally more than 10 homes remaining that carry profit margins in backlog and in our forecast that are below a minimum threshold of profitability. Assets on the quarterly watch list are subject to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold. Our assumptions about future home sales prices and absorption rates require significant judgment because the residential homebuilding industry is cyclical and is highly sensitive to changes in economic conditions. During these periods, for certain communities, we determined that it was prudent to reduce sales prices or further increase sales incentives in response to factors, including competitive market conditions in those specific submarkets for the product and locations of these communities. 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 undiscounted cash flow impairment analyses for the year ended September 30, 2014, we did not assume any market improvements. 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 September 30, 2014, 2013 and 2012. 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
Year Ended September 30, 2014
West	5	3	$	25,191	90.9	%
East (a)	1	—	—		—	%
Southeast	2	1	7,479		120.2	%
Unallocated	—	—	2,558		100.0	%
Total	8	4	$	35,228	97.8	%

Year Ended September 30, 2013
West	1	1	$	11,080	117.6	%
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Unallocated	—	—	1,755		100.0	%
Total	5	5	$	27,680	114.9	%

Year Ended September 30, 2012
West	14	8	$	28,467	94.7	%
East	12	8	30,052		91.8	%
Southeast	5	3	9,247		116.5	%
Unallocated	—	—	5,193		100.0	%
Total	31	19	$	72,959	96.7	%

(a) During the year ended September 30, 2014, we recorded an impairment charge of $0.1 million in our East segment. The community had less than 10 lots remaining to close at the time of the analysis and therefore, consistent with our policy, we did not prepare an undiscounted or discounted cash flow analysis related to this community.

The table below summarizes the results of our discounted cash flow analysis for the fiscal years 2014 and 2012. There were no impairments recorded during the fiscal year ended September 30, 2013 related to our impairment analyses. The discount rate in our discounted cash flow analyses may be different for each community and ranged from 13.0% to 15.0% for the communities analyzed in the fiscal year ended September 30, 2014 and 11.2% to 17.0% for the fiscal year ended September 30, 2012. The projected cash flows used to evaluate the fair value of inventory are significantly impacted by changes in market conditions including the changes in sales prices and absorption estimates and management’s assumptions relative to future results. Impairment charges in two communities during the fiscal year ended September 30, 2014 and five communities during the fiscal year ended September 30, 2012 were taken as a result of these discounted cash flow analyses. The estimated fair value of the impaired inventory is determined immediately after a community’s impairment.



($ in thousands)	Results of Discounted Cash Flow Analyses Prepared
Segment	# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End
Year Ended September 30, 2014
West	2	180	$	4,948	$	14,379
East (a)	—	—	—		—
Southeast	—	—	—		—
Unallocated	—	—	373		—
Continuing Operations (a)	2	180	5,321		14,379
Discontinued Operations	—	—	—		—
Total (a)	2	180	$	5,321	$	14,379

Year Ended September 30, 2012
West	2	116	$	3,902	$	11,058
East	2	93	4,316		7,342
Southeast	1	37	796		2,457
Unallocated	—	—	473		—
Continuing Operations	5	246	9,487		20,857
Discontinued Operations	—	—	60		—
Total	5	246	$	9,547	$	20,857

Impairments on land held for sale below represent further write downs of these properties to net realizable value, less estimated costs to sell and are based on current market conditions and our review of recent comparable transactions at the applicable period end. The fiscal 2013 land held for sale impairment in the Southeast Segment related to our decision to reposition one community in South Carolina to address consumer demand, including the decision to sell a portion of the lots in this community. 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 lots or lot option contracts, our evaluation is primarily based upon the expected cash flows from the property. If we intend to abandon or walk-away from a property, we record a charge to earnings in the period such decision is made for the deposit amount and any related capitalized costs. Abandonment charges generally relate to our decision to abandon lots or not exercise certain option contracts that are not projected to produce adequate results or no longer fit in our long-term strategic plan. Included in the abandonments below for the fiscal year ended September 30, 2014 is a $1.7 million abandonment of certain lots related to wetlands permitting issues in the Southeast segment.

The following table sets forth, by reportable homebuilding segment, the inventory impairments and lot option abandonment charges recorded for the fiscal years ended September 30, 2014, 2013 and 2012:



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Development projects and homes in process (Held for Development)
West	$	4,948	$	46	$	3,902
East	100		13		4,316
Southeast	—		—		796
Unallocated	373		—		473
Subtotal	$	5,421	$	59	$	9,487
Land Held for Sale
West	$	—	$	228	$	—
East	232		123		100
Southeast	28		1,778		208
Subtotal	$	260	$	2,129	$	308
Lot Option Abandonments
West	$	—	$	104	$	301
East	131		20		1,320
Southeast	2,495		321		792
Unallocated	—		—		2
Subtotal	$	2,626	$	445	$	2,415
Continuing Operations	$	8,307	$	2,633	$	12,210
Discontinued Operations
Held for Development	$	—	$	—	$	60
Land Held for Sale	—		17		503
Lot Option Abandonments	—		—		16
Subtotal	$	—	$	17	$	579
Total Company	$	8,307	$	2,650	$	12,789

Lot Option Agreements and Variable Interest Entities (VIE). As previously discussed, we also have access to land inventory through lot option contracts, which generally enable us to defer acquiring portions of properties owned by third parties and unconsolidated entities until we have determined whether to exercise our lot option. A majority of our lot option contracts require a non-refundable cash deposit or irrevocable letter of credit based on a percentage of the purchase price of the land for the right to acquire lots during a specified period of time at a certain price. Under lot option contracts, purchase of the properties is contingent upon satisfaction of certain requirements by us and the sellers. Our liability under option contracts is generally limited to forfeiture of the non-refundable deposits, letters of credit and other non-refundable amounts incurred, which aggregated approximately $43.5 million at September 30, 2014. The total remaining purchase price, net of cash deposits, committed under all options was $420.5 million as of September 30, 2014. We expect to exercise, subject to market conditions and seller satisfaction of contract terms, all of our remaining option contracts. Various factors, some of which are beyond our control, such as market conditions, weather conditions and the timing of the completion of development activities, will have a significant impact on the timing of option exercises or whether lot options will be exercised.

For the VIEs in which we are the primary beneficiary of the VIE, we have consolidated the VIE and reflected such assets and liabilities as land not owned under option agreements in our balance sheets. For VIEs we were required to consolidate, we recorded the remaining contractual purchase price under the applicable lot option agreement to land not owned under option agreements with an offsetting increase to obligations related to land not owned under option agreements. Also, to reflect the purchase price of this inventory consolidated, we present the related option deposits as land not owned under option agreement in the accompanying 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 September 30, 2014 and September 30, 2013:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of September 30, 2014
Consolidated VIEs	$	941	$	2,916	$	3,857
Unconsolidated lot option agreements	42,588		417,618		—
Total lot option agreements	$	43,529	$	420,534	$	3,857
As of September 30, 2013
Consolidated VIEs	$	4,491	$	4,633	$	9,124
Unconsolidated lot option agreements	32,822		284,005		—
Total lot option agreements	$	37,313	$	288,638	$	9,124

- 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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Property, Plant and Equipment

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consists of:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013
Buildings and improvements	$	2,329		$	2,329
Model and sales office improvements	25,334			23,046
Leasehold improvements	4,197			4,212
Information systems	17,554			16,532
Furniture, fixtures and office equipment	9,999			16,215
Property, plant and equipment, gross	59,413			62,334
Less: Accumulated Depreciation	(40,740		)	(45,334		)
Property, plant and equipment, net	$	18,673		$	17,000

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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Borrowings

12 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Borrowings

At September 30, 2014 and September 30, 2013 we had the following debt:



(In thousands)	Maturity Date	2014			2013
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	—			298,000
9 1/8% Senior Notes	May 2019	235,000			235,000
5 3/4% Senior Notes	June 2019	325,000			—
7 1/2% Senior Notes	September 2021	200,000			200,000
7 1/4% Senior Notes	February 2023	200,000			200,000
TEU Senior Amortizing Notes	July 2015	6,703			16,141
Unamortized debt discounts		(4,399		)	(5,160		)
Total Senior Notes, net		1,435,183			1,416,860
Junior Subordinated Notes	July 2036	55,737			53,670
Cash Secured Loans	November 2017	22,368			22,368
Other Secured Notes Payable	Various Dates	22,145			19,285
Total debt, net		$	1,535,433		$	1,512,183

As of September 30, 2014, future maturities of our borrowings are as follows:



Fiscal Year Ended September 30,
(In thousands)
2015	$	15,636
2016	176,412
2017	25,901
2018	300,000
2019	566,145
Thereafter	500,773
Total	$	1,584,867

Secured Revolving Credit Facility — The $150 million Secured Revolving Credit Facility provides for future working capital and letter of credit capacity. On November 10, 2014, we executed an amendment with three of the four lenders which included extending the maturity of the facility one additional year. With this amendment, $130 million of the $150 million facility will now mature in September 2016. One lender with a $20 million commitment chose not to extend their obligation, which is scheduled to mature in September 2015. 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. The Secured Revolving Credit Facility contains certain covenants, including negative covenants and financial maintenance covenants, with which we are required to comply. As of September 30, 2014, 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 September 30, 2014, we have pledged approximately $1 billion of inventory assets to our Secured Revolving Credit Facility to collateralize potential future borrowings or letters of credit. There were no outstanding borrowings under the Secured Revolving Credit Facility as of September 30, 2014 or September 30, 2013.

Letter of Credit Facilities — 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 $180.9 million. As of September 30, 2014 and September 30, 2013, we have letters of credit outstanding of $39.1 million and $25.2 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 USA, Inc.

The Company's Senior Notes are issued under indentures that contain certain restrictive covenants which, among other things, restrict our ability to pay dividends, repurchase our common stock, incur additional indebtedness and to make certain investments. Specifically, all of our Senior Notes contain covenants that restrict our ability to incur additional indebtedness unless it is refinancing indebtedness or non-recourse indebtedness. The incurrence of refinancing indebtedness and non-recourse indebtedness, as defined in the applicable indentures, are exempted from the covenant test. As of September 30, 2014, we were not able to incur additional indebtedness under certain of our senior debt instruments, except refinancing or non-recourse indebtedness. Compliance with our Senior Note covenants does not significantly impact our operations. We were in compliance with the covenants contained in all of our Senior Notes as of September 30, 2014.

Our Senior Notes due 2016 (the 2016 Notes) contain the most restrictive covenants, including the consolidated tangible net worth covenant, which states that should consolidated tangible net worth fall below $85 million for two consecutive quarters, the Company is required to make an offer to purchase 10% of the 2016 Notes at par. If triggered and fully subscribed, this could result in our having to purchase $27.5 million of the 2016 Notes, which may be reduced by certain 2016 Note repurchases (potentially at less

than par) made in the open market after the triggering date. As of September 30, 2014, our consolidated tangible net worth was $255.2 million, well in excess of the minimum covenant requirement.

In April 2014, we issued and sold $325 million aggregate principal amount of 5.75% Senior Notes due June 2019 (the June 2019 Notes) at par (before underwriting and other issuance costs) through a private placement to qualified institutional buyers. Interest

on the June 2019 Notes is payable semi-annually in cash in arrears, beginning on December 15, 2014. The June 2019 Notes will

mature on June 15, 2019. Prior to maturity, we may, at our option redeem the June 2019 Notes at any time, in whole or in part, at

specified redemption prices, which also include a customary make-whole premium amount prior to through March 15, 2019. In July 2014, we exchanged 100% of the June 2019 Notes for notes that are freely transferable and registered under the Securities Act of 1933.

The June 2019 Notes were issued under an indenture (June 2019 Indenture), issued April 8, 2014 that contains covenants which, subject to certain exceptions, limit the ability of the Company and its restricted subsidiaries (as defined in the June 2019 Indenture) to, among other things, incur additional indebtedness, including secured indebtedness, and make certain types of restricted payments. The June 2019 Indenture contains customary events of default. Upon the occurrence of an event of default, payments on the June 2019 Notes may be accelerated and become immediately due and payable. Upon a change of control (as defined in the June 2019 Indenture), the June 2019 Indenture requires us to make an offer to repurchase the June 2019 Notes at 101% of their principal amount, plus accrued and unpaid interest.

We may redeem the June 2019 Notes at any time prior to March 15, 2019, 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, but excluding, the redemption date. In addition, at any time on or prior to June 15, 2018, we may redeem up to 35% of the aggregate principal amount of June 2019 Notes with the proceeds of certain equity offerings at a redemption price equal to 105.750% of the principal amount of the June 2019 Notes plus accrued and unpaid interest, if any, to, but excluding, the date fixed for redemption; provided, that at least 65% of the aggregate principal amount of the June 2019 Notes originally issued under the June 2019 Indenture remain outstanding after such redemption. On or after March 15, 2019, we may redeem some or all of the June 2019 Notes at 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

The proceeds from the June 2019 Notes were used to redeem all of our outstanding Senior Notes due June 2018 (the 2018 Notes), including the $17.2 million make-whole premium. We recognized a loss on debt extinguishment of the 2018 Notes of $19.8 million in the quarter ended June 30, 2014 related to the premiums paid and the write-off of unamortized debt issuance costs. The 2018 Notes redeemed by the Company were canceled.

In September 2013, we issued and sold $200 million aggregate principal amount of 7.500% Senior Notes due 2021 (the 2021 Notes) at a price of 98.541% (before underwriting and other issuance costs) through a private placement to qualified institutional buyers. Interest on the 2021 Notes is payable semi-annually in cash in arrears, beginning on March 15, 2014. The 2021 Notes will mature on September 15, 2021. Prior to maturity, we may, at our option, redeem the 2021 Notes at any time, in whole or in part,

at specified redemption prices, which also include a customary make-whole premium prior to September 15, 2016. In January 2014, we exchanged 100% of the 2021 Notes for notes that are freely transferable and registered under the Securities Act of 1933.

The 2021 Notes were issued under an indenture (2021 Indenture), issued September 30, 2013 that contains covenants which, subject to certain exceptions, limit the ability of the Company and its restricted subsidiaries (as defined in the 2021 Indenture) to, among other things, incur additional indebtedness, including secured indebtedness, and make certain types of restricted payments. The 2021 Indenture contains customary events of default. Upon the occurrence of an event of default, payments on the 2021 Notes may be accelerated and become immediately due and payable. Upon a change of control (as defined in the 2021 Indenture), the 2021 Indenture requires us to make an offer to repurchase the 2021 Notes at 101% of their principal amount, plus accrued and unpaid interest.

We may redeem the 2021 Notes at any time prior to September 15, 2016, 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 September 15, 2016, we may redeem up to 35% of the aggregate principal amount of 2021 Notes with the proceeds of certain equity offerings at a redemption price equal to 107.500% of the principal amount of the 2021 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 2021 Notes originally issued under the 2021 Indenture remain outstanding after such redemption. On or after September 15, 2016, we may redeem some or all of the 2021 Notes at redemption prices set forth in the Indenture. These percentages range from 100.000% to 105.625%.

In February 2013, we issued and sold $200 million aggregate principal amount of 7.250% Senior Notes due 2023 (the 2023 Notes)

at par (before underwriting and other issuance costs) through a private placement to qualified institutional buyers. Interest on the

2023 Notes is payable semi-annually in cash in arrears, beginning August 1, 2013. The 2023 Notes will mature on February 1, 2023. Prior to maturity, we may, at our option, redeem the 2023 Notes at any time, in whole or in part, at specified redemption prices, which also include a customary make-whole premium prior to February 1, 2018.

The 2023 Notes were issued under an indenture, dated as February 1, 2013 (the 2023 Indenture) that contains covenants which, subject to certain exceptions, limit the ability of the Company and its restricted subsidiaries (as defined in the 2023 Indenture) to, among other things, incur additional indebtedness, including secured indebtedness, and make certain types of restricted payments. The 2023 Indenture contains customary events of default. Upon the occurrence of an event of default, payments on the 2023 Notes may be accelerated and become immediately due and payable. Upon a change of control (as defined in the Indenture), the 2023 Indenture requires us to make an offer to repurchase the 2023 Notes at 101% of their principal amount, plus accrued and unpaid interest.

We may redeem the 2023 Notes at any time prior to February 1, 2018, 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 February 1, 2016, we may redeem up to 35% of the aggregate principal amount of 2023 Notes with the proceeds of certain equity offerings at a redemption price equal to 107.250% of the principal amount of the 2023 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 2023 Notes originally issued under the 2023 Indenture remain outstanding after such redemption. On or after February 1, 2018, we may redeem some or all of the 2023 Notes at redemption prices set forth in the 2023 Indenture. These percentages range from 100.000% to 103.625%. In August 2013, we exchanged 100% of the 2023 Notes for notes that are freely transferable and registered under the Securities Act of 1933.

During the fiscal year ended September 30, 2013, we used a portion of the net cash proceeds from the 2023 Notes offering to redeem all of our outstanding 6.875% Senior Notes due 2015 (the 2015 Notes). The 2015 Notes were redeemed at 101.146% of the principal amount, plus accrued and unpaid interest. During fiscal 2013, we also repurchased $2 million of our outstanding 9.125% Senior Notes due 2018 in open market transactions. These transactions resulted in a loss on debt extinguishment of $3.6 million, net of unamortized discounts and debt issuance costs. All Senior Notes redeemed/repurchased by the Company were canceled.

All unsecured Senior Notes rank equally in right of payment with all of our existing and future senior unsecured obligations, senior to all of the Company's existing and future subordinated indebtedness and effectively subordinated to the Company's existing and future secured indebtedness, including indebtedness under our Secured Revolving Credit Facility and our 6.625% Senior Secured Notes due 2018, to the extent of the value of the assets securing such indebtedness. The unsecured Senior Notes and related guarantees are structurally subordinated to all indebtedness and other liabilities of all of the Company's subsidiaries that do not guarantee these notes. The unsecured Senior Notes are fully and unconditionally guaranteed jointly and severally on a senior basis by the Company's wholly-owned subsidiaries party to each applicable Indenture.

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 2018 Indenture) that 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 2018 Indenture contains customary events of default.

Upon a change of control (as defined in the 2018 Indenture), the 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 2018 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 Secured 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 2018 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 2018 Indenture. These percentages range from 100.000% to 103.313%.

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. 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 in fiscal 2012.

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 (the 2012 TEUs), which were comprised of prepaid stock purchase contracts (PSPs) 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 senior unsecured indebtedness. Outstanding notes pay quarterly installments of principal and interest through maturity. The PSPs 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. During the fiscal year ended September 30, 2014, we exchanged 890,000 TEUs, including approximately $2.4 million of amortizing notes, for Beazer Homes' common stock. The PSPs related to the remaining 2012 TEUs are scheduled to be settled in Beazer Homes' common stock on July 15, 2015. See Note 12 for additional information related to the PSPs.

Junior Subordinated Notes — $103.1 million of unsecured junior subordinated notes (Junior Subordinated Notes) mature on July 30, 2036. The Junior Subordinated Notes 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 as defined in the Junior Subordinated Notes Indenture. The obligations relating to these notes and the related securities are subordinated to the Secured Revolving Credit Facility and the Senior Notes. In January 2010, we modified the terms of $75 million of these notes and recorded these notes at their estimated fair value. As of September 30, 2014, the unamortized accretion was $45.0 million and will be amortized over the remaining life of the notes.

As of September 30, 2014, we were in compliance with all covenants under our Junior Subordinated Notes.

Cash Secured Loans — We have entered into two separate loan facilities, currently totaling $22.4 million as of September 30, 2014, scheduled to mature in November 2017. Borrowings under the cash secured loan facilities were used to 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 had the right to put the outstanding loan balances to the Company at the two or four year anniversaries of the loan, however, the Company did not receive written notice of such election within the time frame stipulated in the agreement and therefore such right has expired. Borrowings under the facilities are fully secured by cash held by the lender or its affiliates. This secured cash is reflected as restricted cash on our consolidated balance sheet as of September 30, 2014. We borrowed $32.6 million at inception of the loans. As previously indicated and in order to protect financing capacity available under our covenant refinancing basket related to previous or future debt repayments, we borrowed an additional $214.8 million under the cash secured loan facilities in May 2011. 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 fiscal year ended September 30, 2012, we repaid $20 million of the cash secured term loans. Further, during the fiscal year ended September 30, 2013, we repaid $205 million of the outstanding cash secured term loans and recognized a $1 million loss on debt extinguishment, primarily related to the unamortized discounts and debt issuances costs related to these loans.

Other Secured Notes Payable — We periodically acquire land through the issuance of notes payable. As of September 30, 2014 and September 30, 2013, we had outstanding notes payable of $22.1 million and $19.3 million respectively, primarily related to land acquisitions. These notes payable have varying expiration dates between 2014 and 2019 and have a weighted average fixed rate of 4.07% at September 30, 2014. 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.

+ References+ Details

Income Taxes

12 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

The benefit from income taxes from continuing operations consists of the following:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Current federal	$	(44,789	)	$	(4,409	)	$	(34,242	)
Current state	322			(394		)	(143		)
Deferred federal	2,385			1,476			(5,964		)
Deferred state	285			(162		)	2
Total	$	(41,797	)	$	(3,489	)	$	(40,347	)

The benefit from income taxes from continuing operations differs from the amount computed by applying the federal income tax statutory rate as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Income tax computed at statutory rate	$	(2,406	)	$	(12,479	)	$	(61,590	)
State income taxes, net of federal benefit	(172		)	(684		)	(6,055		)
Valuation allowance - IRS Settlement	(26,846		)	—			—
Valuation allowance - other	3,023			11,729			59,601
Changes for uncertain tax positions	(14,276		)	(1,909		)	(32,441		)
IRS interest refund	(1,714		)	—			—
Other, net	594			(146		)	138
Total	$	(41,797	)	$	(3,489	)	$	(40,347	)

The principal differences between our effective tax rate and the U.S. federal statutory rate relates to changes in our valuation allowance and changes for our unrecognized tax benefits.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows:



(In thousands)	September 30, 2014			September 30, 2013
Deferred tax assets:
Warranty and other reserves	$	11,587		$	11,559
Incentive compensation	18,993			17,368
Property, equipment and other assets	2,750			2,455
Federal and state tax carryforwards	357,146			383,508
Inventory adjustments	95,237			114,416
Uncertain tax positions	1,911			14,415
Other	3,923			3,052
Total deferred tax assets	491,547			546,773
Deferred tax liabilities:
Deferred revenues	(43,496		)	(54,257		)
Total deferred tax liabilities	(43,496		)	(54,257		)
Net deferred tax assets before valuation allowance	448,051			492,516
Valuation allowance	(445,228		)	(487,263		)
Net deferred tax assets	$	2,823		$	5,253

At September 30, 2014, our gross deferred tax assets above included $266.9 million for federal net operating loss carryforwards, $76.7 million for state net operating loss carryforwards,$9.8 million for an alternative minimum tax credit and $3.8 million for general business credit. The net operating loss carryforwards expire at various dates through 2033 and the general business credit expires at various dates through 2034. The alternative minimum tax credit has an unlimited carryforward period.

A reduction of the carrying amounts of deferred tax assets by a valuation allowance is required if, based on the available evidence, it is more likely than not that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed periodically based on the more-likely-than-not realization threshold criterion. In the assessment for a valuation allowance, appropriate consideration is given to all positive and negative evidence related to the realization of the deferred tax assets. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, the Company's experience with loss carryforwards not expiring unused and tax planning alternatives.

Based upon an evaluation of all available evidence, we established a valuation allowance for substantially all of our deferred tax assets during fiscal 2008. As of September 30, 2014, we updated our evaluation of whether the valuation allowance against our deferred tax assets was still required. We considered positive evidence including evidence of recovery in the housing markets where we operate, the prospects of continued profitability and growth, a strong backlog and sufficient balance sheet liquidity to sustain and grow operations. Although the Company’s performance and current positioning is bringing it closer to a conclusion that a valuation allowance is no longer needed, further evidence of sustained profitability is needed to reverse our valuation allowance against our deferred tax assets. Therefore, based upon all available positive and negative evidence, we concluded a valuation allowance is still needed for substantially all of our gross deferred tax assets at September 30, 2014. Therefore, at September 30, 2014 and 2013, the Company's deferred tax asset valuation allowance was $445.2 million and $487.3 million, respectively. In future periods, we may reduce all or a portion of our valuation allowance, generating a non-cash tax benefit, if sufficient positive evidence is present indicating that more likely than not a portion or all 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 the Section 382 limitation and the maximum carryforward period of our NOLs, we are unable to fully recognize certain deferred tax assets. Accordingly, during fiscal 2014 and 2013, we reduced our gross deferred tax assets and corresponding valuation allowance by $9.9 million and $15.2 million, respectively. As future economic conditions unfold, we will be able to confirm that certain deferred tax assets will not provide any future tax benefit. At such time, we will accordingly remove any deferred tax asset and corresponding valuation allowance.

Accordingly, a portion of our $491.5 million of total gross deferred tax assets related to accrued losses on our inventory may be unavailable due to the limitation imposed by Section 382. As of September 30, 2014, we estimate that between $7.9 million and $40.9 million may be unavailable due to our Section 382 limitation. As a result, upon the resumption of sustained profitability and reversal of our valuation allowance, between $407.1 million and $440.1 million of our net deferred tax assets may be available to us for the reduction of future cash taxes. The actual realization of our deferred tax assets is difficult to predict and will be dependent on future events.

If we were to experience future NOLs, we would expect to continue to add to our gross deferred tax assets that will not be limited by Section 382.

Considering the limitation imposed by Section 382, the table below depicts the classifications of our deferred tax assets:



	September 30, 2014
(In thousands)
Deferred tax assets:
Subject to annual limitation	$	102,207
Generally not subject to annual limitation	348,435
Certain components likely to be subject to annual limitation	40,905
Total deferred tax assets	491,547
Deferred tax liabilities	(43,496		)
Net deferred tax assets before valuation allowance	448,051
Valuation allowance	(445,228		)
Net deferred tax assets	$	2,823

A reconciliation of the beginning and ending amount of unrecognized tax benefits at the beginning and end of fiscal 2014, 2013 and 2012 is as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Balance at beginning of year	$	17,464		$	19,630		$	46,648
Additions for (reductions in) tax positions related to current year	150			(1,620		)	903
Additions for tax positions related to prior years	1,365			—			—
Reductions for tax positions of prior years	(14,201		)	—			(27,181		)
Lapse of statute of limitations	(162		)	(546		)	(740		)
Balance at end of year	$	4,616		$	17,464		$	19,630

Total reductions in gross unrecognized tax benefits of $14.3 million during fiscal year 2014 were due to lapses in statutes of limitation and closing of audits. Due to our valuation allowances, if the Company were to recognize the $4.6 million of gross unrecognized tax benefits remaining at September 30, 2014, substantially all would affect our effective tax rate. Additionally, we had $0.4 million and $2.6 million of accrued interest and penalties at September 30, 2014 and 2013, respectively. Our income tax benefit includes tax related interest.

In the normal course of business, we are subject to audits by federal and state tax authorities regarding various tax liabilities. Our federal income tax returns for fiscal years 2007 through 2010 were agreed to with the IRS Appeals Office and approved by the Joint Committee on Taxation in the fourth quarter of fiscal year 2014. Our federal income tax returns for fiscal years 2011 and 2012 have been submitted to the Joint Committee on Taxation without change by the IRS. Certain state income tax returns for various fiscal years are under routine examination. The statute of limitations for our major tax jurisdictions remains open for examination for fiscal years 2007 and subsequent years. As of September 30, 2014, it is reasonably possible that up to approximately $4.0 million of the total uncertain tax positions will reverse within the next twelve months, primarily due to the expiration of statutes of limitation in various jurisdictions.

As a result of our fiscal years 2007 through 2010 being agreed to and closed, we were able to carryback and utilize net operating losses and received a $26.8 million refund with an additional $1.7 million in accrued interest. We also received a $0.3 million telephone excise tax refund from fiscal year 2007 that was previously accepted but not released by the IRS pending the resolution of our examination.

- 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+ Details

Contingencies

12 Months Ended

Sep. 30, 2014

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.

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. Therefore, 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 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.

In the fourth quarter of fiscal 2014, we recorded $4.9 million in charges related to water intrusion problems in homes in certain of our communities located in Florida and New Jersey with an average age in excess of 7 years. The issues in Florida related to water intrusion problems arising from stucco installation on specific home elevations in several communities. The water intrusion issues in New Jersey related to flashing and stone installation in one specific community. We consider these charges were unexpected in nature and are not expected to be recurring. We believe it is possible that we will recover a portion of our total estimated repair costs associated with the affected homes from various sources, including subcontractors involved with the original construction of the homes and their insurers. However, we have not yet been able to determine with any reasonable degree of certainty whether we will be able to successfully recover such amounts. As a result, we did not deem any recoveries from outside sources to be probable. Our investigation into the water intrusion-related issues, including the process of determining responsible parties and our efforts to obtain recoveries, are ongoing, and as a result, our estimates of warranty costs and probable recoveries may change as additional information is obtained.

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 September 30, 2014, historical data and trends may not accurately predict actual warranty costs or future developments could lead to a significant change in the reserve. Our warranty reserves are as follows (in thousands):



	Fiscal Year Ended September 30,
	2014			2013			2012
Balance at beginning of period	$	11,663		$	15,477		$	17,916
Accruals for warranties issued	6,087			5,897			6,540
Changes in liability related to warranties existing in prior periods	9,836			(2,856		)	(2,677		)
Payments made	(11,502		)	(6,855		)	(6,302		)
Balance at end of period	$	16,084		$	11,663		$	15,477

Litigation

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, cash flows or results of operations. As of September 30, 2014, no liability has been recorded for any such additional claims as such exposure is not both probable and reasonably estimable.

In the normal course of business, we are subject to various lawsuits. 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

On July 1, 2009, we entered into a Deferred Prosecution Agreement (the “DPA”) with the United States Attorney for the Western District of North Carolina and a separate but related agreement with the United States Department of Housing and Urban Development (HUD) and the Civil Division of the United States Department of Justice (the HUD Agreement). Under these agreements, we are obligated to make payments equal to 4% of “adjusted EBITDA” as defined in the Agreements until the first to occur of (a) September 30, 2016 or (b) the date that a cumulative $48.0 million has been paid pursuant to the DPA and the HUD Agreement. As of September 30, 2014, we have paid a cumulative $22.7 million and an additional $2.1 million has been recorded as a liability.

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. Although we believe that we have significant defenses to the alleged violations, we reached a settlement with the Department, through an Administrative Consent Order (the “ACO”). Pursuant to the ACO, we agreed to pay a penalty of $125,000 and donate a 35-acre parcel of land to a local soil conservation district (or make an additional $250,000 payment if the parcel cannot be conveyed). We have paid the $125,000 penalty and are in the process of completing actions that will allow us to convey the 35-acre donation parcel.

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 $13.4 million and $19.9 million in other liabilities related to litigation and other matters, excluding warranty, as of September 30, 2014 and 2013, respectively.

We had outstanding letters of credit and performance bonds of approximately $39.1 million and $221.1 million, respectively, at September 30, 2014 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 September 30, 2014.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Fair Value Measurements

12 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of September 30, 2014, we had assets in our consolidated balance sheets that were required to be measured at fair value on a recurring and non-recurring basis. 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.

Certain of our assets are required to be recorded at fair value on a recurring basis. The fair value of our available-for-sale marketable equity securities are based on readily available share prices. The fair value of our deferred compensation plan assets are based on market-corroborated inputs.

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 review our long-lived assets, including inventory for recoverability when factors that indicate an impairment may exist, but no less than quarterly. Fair value is based on estimated cash flows discounted for market risks associated with the long-lived assets. The fair values of our investments in unconsolidated entities are determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities. During the fiscal year ended September 30, 2014, including discontinued operations, we recorded impairments for development projects in process of $5.4 million and land held for sale impairments of $0.2 million. During the fiscal year ended September 30, 2013, including discontinued operations, we recorded impairments for development projects in process of $59,000, land held for sale impairments of $2.1 million, and impairments of unconsolidated entity investments of $181,000.

See Notes 1, 3, 4 and 13 for additional information related to the fair value accounting for the assets listed below. 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 recurring and non-recurring basis for each hierarchy level and represents only those assets whose carrying values were adjusted to fair value during the fiscal year ended September 30, 2014 and 2013:



(In thousands)	Level 1		Level 2		Level 3		Total
Year Ended September 30, 2014
Available-for-sale marketable equity securities (a)	$	24,765	$	—	$	—	$	24,765
Deferred compensation plan assets (a)	—		517		—		517
Development projects in progress (b)	—		—		14,379		14,379
Land held for sale (b)	—		—		4,117		4,117
Year Ended September 30, 2013
Deferred compensation plan assets (a)	—		653		—		653
Development projects in progress (b)	—		—		—		—
Land held for sale (b)	—		—		4,072		4,072

(a) Measured at fair value on a recurring basis

(b) Measured at fair value on a non-recurring basis.

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

As of September 30, 2014, our investment in marketable equity securities, consisting solely of the shares held in AMH, was in a cumulative unrealized loss position of $1.3 million which is in Accumulated Other Comprehensive Loss, a component of Stockholders' Equity.

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:



	As of September 30, 2014				As of September 30, 2013
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,435,183	$	1,462,899	$	1,416,860	$	1,469,904
Junior Subordinated Notes	55,736		55,736		53,670		53,670
	$	1,490,919	$	1,518,635	$	1,470,530	$	1,523,574

The estimated fair values shown above for our publicly held Senior 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.

+ References+ Details

Leases

12 Months Ended

Sep. 30, 2014

Leases [Abstract]

Leases

We are obligated under various noncancelable operating leases for office facilities, model homes and equipment. Rental expense under these agreements, which is included in general and administrative expenses, amounted to approximately $5.4 million, $4.9 million and $5.9 million for the fiscal years ended September 30, 2014, 2013 and 2012, respectively. This rental expense excludes expense related to our discontinued operations. As of September 30, 2014, future minimum lease payments under noncancelable operating lease agreements are as follows:



Fiscal Year Ended September 30,
(In thousands)
2015	$	3,407
2016	3,002
2017	2,008
2018	1,045
2019	598
Thereafter	19
Total	$	10,079

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Sep. 30, 2014
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders' Equity On October 11, 2012, the Company executed a one-for-five reverse stock split. All historical share and per share information reflects this transaction. During the fiscal year ended September 30, 2013, the Company's stockholders approved management's recommendation to reduce authorized shares from 100 million to 63 million. Preferred Stock. We currently have no shares of preferred stock outstanding. Common Stock Transactions. As of September 30, 2014, there were approximately 3.7 million TEUs outstanding (including $6.7 million of amortizing notes). The PSPs related to the TEUs are scheduled to be settled in Beazer Homes' common stock on July 15, 2015. If on that date, our common stock price is (1) at or below $14.50 per share, the PSPs will convert to 1.72414 shares per unit, (2) at or above $17.75 per share, the PSPs will convert to 1.40746 shares per unit or (3) between $14.50 and $17.75 per share, the PSPs will convert to a number of shares of our common stock equal to $25.00 divided by the applicable market value of our common stock. If the remaining TEU PSPs were converted at the settlement factor under their agreement based on our current stock price, we would be required to issue approximately 5.2 million shares of common stock to the instrument holders upon conversion. In March 2014, the Company entered into an agreement to issue 1,368,108 shares, or 1.5372 shares per TEU, of common stock, par value $0.001, in exchange for 890,000 TEUs. Each outstanding TEU consisted of a prepaid stock purchase contract and a 7.5% senior amortizing note which was due July 15, 2015. At maturity, holders of the prepaid stock purchase contracts would have automatically received a minimum of 1.40746 shares per contract, up to a maximum of 1.72414 shares per contract, depending on the Company's common stock at such time. In lieu of paying the present value of the remaining principal and interest payments due to the holders in cash, the TEU exchange provided 115,433 shares over the 1,252,675 shares that would have been received at maturity, assuming the Company’s stock price remains above $17.75 per share. During the fiscal year ended September 30, 2012, we exchanged 2.8 million shares of our common stock for 2.8 million of our 2010 TEUs (94% of the original issuance). The remaining 2010 TEUs were exchanged for 156,975 shares of common stock in August 2013. In March 2012, we also exchanged 2.2 million shares of our common stock for $48.1 million of our Mandatory Convertible Subordinated Notes. The remaining $9.4 million of Mandatory Convertible Subordinated Notes were converted to 408,790 shares of common stock in January 2013. On July 16, 2012, we concurrently closed on our underwritten public offerings of 4.4 million shares of Beazer common stock and 4.6 million 7.5% tangible equity units (TEUs) and received net proceeds of $171.4 million from these two offerings, after underwriting discounts, commissions and transaction expenses. Each TEU is comprised of a prepaid stock purchase contract and a senior amortizing note due July 15, 2015 (see Note 7 for discussion of the amortizing notes) which are legally separable and detachable. Common Stock Repurchases. During fiscal 2014, 2013 and 2012, we did not repurchase any shares in the open market. Any future stock repurchases as allowed by our debt covenants must be approved by the Company's Board of Directors or its Finance Committee. During fiscal 2014, 2013 and 2012, 23,602, 6,147 and 9,156 shares, respectively, were surrendered to us by employees in payment of minimum tax obligations upon the vesting of restricted stock and restricted stock units under our stock incentive plans. We valued the stock at the market price on the date of surrender, for an aggregate value of approximately $450,000 in fiscal 2014, $121,000 in fiscal 2013 and $126,000 in fiscal 2012. Dividends. The indentures under which our senior notes were issued contain certain restrictive covenants, including limitations on payment of dividends. At September 30, 2014, under the most restrictive covenants of each indenture, none of our retained earnings was available for cash dividends. Hence, there were no dividends paid in fiscal 2014, 2013 and 2012. Section 382 Rights Agreement. In February 2011, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation creating a protective amendment (the "Protective Amendment") designed to preserve the value of certain tax assets associated with net operating loss carryforwards under Section 382 of the Internal Revenue Code of 1986 and approved a Section 382 Rights Agreement adopted by our Board of Directors. These instruments were intended to act as deterrents to any person or group, together with its affiliates and associates, being or becoming the beneficial owner of 4.95% or more of the Company’s common stock and were scheduled to expire on November 12, 2013. In February 2013, the Company’s stockholders approved an extension of the Protective Amendment through November 12, 2016 and approved a new Section 382 Rights Agreement adopted by our Board of Directors which will become effective upon the expiration of the prior agreement.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Retirement Plan and Incentive Awards

12 Months Ended

Sep. 30, 2014

Retirement Plan and Incentive Awards [Abstract]

Retirement Plan and Incentive Awards

401(k) Retirement Plan. We sponsor a 401(k) plan (the Plan). Substantially all employees are eligible for participation in the Plan after completing one calendar month of service with us. Participants may defer and contribute to the Plan from 1% to 80% of their salary with certain limitations on highly compensated individuals. We match 50% of the first 6% of the participant's contributions. The participant's contributions vest 100% immediately, while our contributions vest over five years. Our total contributions for the fiscal years ended September 30, 2014, 2013 and 2012 were approximately $2.0 million, $1.1 million and $1.3 million, respectively. During fiscal 2014, 2013 and 2012, participants forfeited $0.4 million, $0.5 million and $0.3 million, respectively, of unvested matching contributions.

Deferred Compensation Plan. During fiscal 2002, we adopted the Beazer Homes USA, Inc. Deferred Compensation Plan (the DCP Plan). The DCP Plan is a non-qualified deferred compensation plan for a select group of executives and highly compensated employees. The DCP Plan allows the executives to defer current compensation on a pre-tax basis to a future year, up until termination of employment. The objectives of the DCP Plan are to assist executives with financial planning and capital accumulation and to provide the Company with a method of attracting, rewarding, and retaining executives. Participation in the DCP Plan is voluntary. Beazer Homes may voluntarily make a contribution to the participants' DCP accounts. Deferred compensation assets of $0.5 million and $0.7 million and deferred compensation liabilities of $2.5 million and $2.3 million as of September 30, 2014, and 2013, respectively, are included in other assets and other liabilities on the accompanying Consolidated Balance Sheets and are recorded at fair value. For the years ended September 30, 2014, 2013 and 2012, Beazer Homes contributed approximately $212,000, $215,000 and $205,000, respectively, to the DCP Plan.

Equity Incentive Plans. During fiscal 2014, we adopted, and our stockholders approved, the 2014 Beazer Homes USA, Inc. Long-Term Incentive Plan (the 2014 Plan). At September 30, 2014, we had reserved approximately 2.3 million shares of common stock for issuance under our various equity incentive plans, of which approximately 1.6 million shares are available for future grants.

Stock Option and SSAR Awards. We have issued various stock option and SSAR awards to officers and key employees under both the 2010 Plan and the 1999 Plan. Stock options have an exercise price equal to the fair market value of the common stock on the grant date, vest three years after the date of grant and may be exercised thereafter until their expiration, subject to forfeiture upon termination of employment as provided in the applicable plan. Under certain conditions of retirement, eligible participants may receive a partial vesting of stock options. Stock options generally expire on the seventh or eighth anniversary from the date such options were granted. SSARs generally vest three years after the date of grant, have an exercise price equal to the fair market value of the common stock on the date of grant and are subject to forfeiture upon termination of employment as provided in the applicable plan. Under certain conditions of retirement, eligible participants may receive a partial vesting of SSARs. For the fiscal years ended September 30, 2014, 2013 and 2012, non-cash stock-based compensation expense for stock options and SSARs, included in G&A expenses, was $0.8 million, $0.9 million and $1.5 million, respectively.

The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model. We used the following weighted-average assumptions for options granted::



	2014			2013			2012
Expected life of options	5.1 years			5.0 years			5.0 years
Expected volatility	45.99		%	46.15		%	44.77		%
Expected discrete dividends	—			—			—
Weighted average risk-free interest rate	1.42		%	0.63		%	0.90		%
Weighted average fair value	$	7.97		$	5.48		$	4.30

We considered historic returns of our stock and the implied volatility of our publicly-traded options in determining expected volatility. 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 September 30, 2014, our SSARs/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 2.6 years. The aggregate intrinsic value of exercisable SSARs/stock options as of September 30, 2014 was approximately $0.6 million.

The following table summarizes stock options and SSARs outstanding as of September 30 and activity during the fiscal years ended September 30:



	2014				2013				2012
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	560,784		$	33.01	429,973		$	48.80	375,248		$	48.85
Granted	161,010		19.11		160,651		13.56		109,507		10.80
Exercised	(2,788	)	14.29		(681	)	10.80		—		—
Expired	(55,811	)	170.32		(22,914	)	47.65		(10,948	)	82.51
Forfeited	(12,972	)	19.85		(6,245	)	17.93		(43,834	)	24.13
Outstanding at end of period	650,223		$	18.12	560,784		$	33.01	429,973		$	48.80
Exercisable at end of period	355,703		$	19.74	310,120		$	48.73	247,588		$	58.61
Vested or expected to vest in the future	649,773		$	18.12	558,519		$	33.09	428,597		$	40.88

The following table summarizes information about stock options and SSARs outstanding and exercisable at September 30, 2014:



	Stock Options/SSARs Outstanding				Stock Options/SSARs Exercisable
Range of Exercise Price	Number Outstanding	Weighted Average Contractual Remaining Life (Years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Contractual Remaining Life (Years)	Weighted Average Exercise Price

$1 - $15	255,747	5.71	$	12.28	120,644	5.54	$	11.85
$16 - $20	250,826	5.23	19.30		92,224	1.99	19.61
$21-$75	143,660	2.85	26.48		142,835	2.83	26.44
$1-$75	650,233	2.88	$	18.12	355,703	3.02	$	19.74

Nonvested Stock Awards: During the fiscal year ended September 30, 2014, we issued 28,690 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 (28,690) 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 $15.90 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 35.0% to 59.1% and a risk-free interest rate of 0.66%. 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 fiscal years ended September 30, 2014, 2013 and 2012 is as follows:



	Year Ended September 30, 2014				Year Ended September 30, 2013				Year Ended September 30, 2012
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	280,416		$	12.32	323,335		$	19.61	288,079		$	33.85
Granted	595,567		18.68		99,413		10.95		179,913		7.19
Vested	(113,320	)	22.55		(126,124	)	27.59		(88,497	)	34.20
Forfeited	(16,096	)	15.93		(16,208	)	30.57		(56,160	)	29.97
End of period	746,567		$	15.76	280,416		$	12.32	323,335		$	19.61

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 September 30, 2014 and September 30, 2013, there was $10.0 million and $1.0 million, respectively, of total unrecognized compensation cost related to nonvested stock awards included in paid-in capital. The cost remaining at September 30, 2014 is expected to be recognized over a weighted average period of 3.6 years.

Compensation expense for the nonvested restricted stock awards totaled $1.8 million, $2.0 million and $2.6 million for the fiscal years ended September 30, 2014, 2013 and 2012, respectively.

Segment Information

12 Months Ended

Sep. 30, 2014

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 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 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 was 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.



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Revenue
West	$	556,741	$	547,636	$	391,648
East	552,082		483,685		402,466
Southeast	354,944		256,256		210,449
Pre-Owned	—		—		1,114
Continuing Operations	$	1,463,767	$	1,287,577	$	1,005,677



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Operating income (loss)
West	$	65,442		$	59,084		$	15,147
East	48,127			40,670			9,152
Southeast	31,854			23,030			14,815
Pre-Owned	—			—			(229		)
Segment total	145,423			122,784			38,885
Corporate and unallocated (a)	(89,734		)	(95,523		)	(100,943		)
Total operating income (loss)	$	55,689		$	27,261		$	(62,058	)



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Depreciation and amortization
West	$	5,722	$	5,305	$	4,980
East	3,447		3,479		3,536
Southeast	2,075		1,683		1,710
Pre-Owned	—		—		330
Segment total	11,244		10,467		10,556
Corporate and unallocated (a)	2,035		2,317		2,954
Continuing Operations	$	13,279	$	12,784	$	13,510



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Capital Expenditures
West	$	6,660	$	4,835	$	3,031
East	3,050		1,915		3,532
Southeast	2,979		1,311		1,814
Pre-Owned (b)	—		—		7,933
Corporate and unallocated	1,864		2,700		1,053
Consolidated total	$	14,553	$	10,761	$	17,363



(In thousands)	September 30, 2014		September 30, 2013
Assets
West	$	756,575	$	680,346
East	433,032		369,937
Southeast	299,215		228,814
Corporate and unallocated (c)	577,398		707,692
Consolidated total	$	2,066,220	$	1,986,789

(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, treasury, corporate finance, legal, branding and other national marketing costs. For the fiscal year ended September 30, 2012, corporate and unallocated also includes an $11 million recovery related to old water intrusion warranty and related legal expenditures.


(b)	Capital expenditures represent the purchase of previously owned homes through May 2, 2012.


(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.

+ References

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+ Details

Supplemental Guarantor Information

12 Months Ended

Sep. 30, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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	$	301,980	$	22,034	$	1,614	$	(1,474	)	$	324,154
Restricted cash	61,945		996		—		—			62,941
Accounts receivable (net of allowance of $1,245)	—		34,428		1		—			34,429
Income tax receivable	46		—		—		—			46
Owned inventory	—		1,557,496		—		—			1,557,496
Consolidated inventory not owned	—		3,857		—		—			3,857
Investments in marketable securities and unconsolidated entities	773		37,568		—		—			38,341
Deferred tax assets, net	2,823		—		—		—			2,823
Property, plant and equipment, net	—		18,673		—		—			18,673
Investments in subsidiaries	253,540		—		—		(253,540		)	—
Intercompany	1,195,349		—		2,405		(1,197,754		)	—
Other assets	17,226		6,144		90		—			23,460
Total assets	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	106,237	$	—	$	—		$	106,237
Other liabilities	38,871		102,833		812		—			142,516
Intercompany	2,405		1,196,823		—		$	(1,199,228	)	—
Obligations related to land not owned under option agreements	—		2,916		—		—			2,916
Total debt (net of discounts of $4,399)	1,513,288		22,145		—		—			1,535,433
Total liabilities	1,554,564		1,430,954		812		$	(1,199,228	)	1,787,102
Stockholders’ equity	279,118		250,242		3,298		(253,540		)	279,118
Total liabilities and stockholders’ equity	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	499,341	$	6,324	$	1,637	$	(2,843	)	$	504,459
Restricted cash	47,873		1,105		—		—			48,978
Accounts receivable (net of allowance of $1,651)	—		22,339		3		—			22,342
Income tax receivable	2,813		—		—		—			2,813
Owned inventory	—		1,304,694		—		—			1,304,694
Consolidated inventory not owned	—		9,124		—		—			9,124
Investments in marketable securities and unconsolidated entities	773		44,224		—		—			44,997
Deferred tax assets, net	5,253		—		—		—			5,253
Property, plant and equipment, net	—		17,000		—		—			17,000
Investments in subsidiaries	123,600		—		—		(123,600		)	—
Intercompany	1,088,949		—		2,747		(1,091,696		)	—
Other assets	19,602		7,147		380		—			27,129
Total assets	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	83,800	$	—	$	—		$	83,800
Other liabilities	52,009		92,384		1,230		—			145,623
Intercompany	2,747		1,091,792		—		(1,094,539		)	—
Obligations related to land not owned under option agreements	—		4,633		—		—			4,633
Total debt (net of discounts of $5,160)	1,492,898		19,285		—		—			1,512,183
Total liabilities	1,547,654		1,291,894		1,230		(1,094,539		)	1,746,239
Stockholders’ equity	240,550		120,063		3,537		(123,600		)	240,550
Total liabilities and stockholders’ equity	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Total revenue	$	—		$	1,463,767		$	379		$	(379	)	$	1,463,767
Home construction and land sales expenses	39,255			1,153,125			—			(379		)	1,192,001
Inventory impairments and option contract abandonments	245			8,062			—			—			8,307
Gross (loss) profit	(39,500		)	302,580			379			—			263,459
Commissions	—			58,028			—			—			58,028
General and administrative expenses	—			136,349			114			—			136,463
Depreciation and amortization	—			13,279			—			—			13,279
Operating (loss) income	(39,500		)	94,924			265			—			55,689
Equity in income of unconsolidated entities	—			6,545			—			—			6,545
Loss on extinguishment of debt	(19,917		)	—			—			—			(19,917		)
Other (expense) income, net	(50,786		)	1,600			(5		)	—			(49,191		)
(Loss) income before income taxes	(110,203		)	103,069			260			—			(6,874		)
(Benefit from) provision for income taxes	(14,247		)	(27,642		)	92			—			(41,797		)
Equity in income of subsidiaries	130,879			—			—			(130,879		)	—
Income (loss) from continuing operations	34,923			130,711			168			(130,879		)	34,923
Loss from discontinued operations	—			(532		)	(8		)	—			(540		)
Equity in loss of subsidiaries	(540		)	—			—			540			—
Net income (loss)	$	34,383		$	130,179		$	160		$	(130,339	)	$	34,383
Unrealized loss related to available-for-sale securities	$	(1,276	)	$	—		$	—		$	—		$	(1,276	)
Comprehensive income (loss)	$	33,107		$	130,179		$	160		$	(130,339	)	$	33,107
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Total revenue	$	—		$	1,287,577		$	736		$	(736	)	$	1,287,577
Home construction and land sales expenses	41,246			1,030,304			—			(736		)	1,070,814
Inventory impairments and option contract abandonments	—			2,633			—			—			2,633
Gross (loss) profit	(41,246		)	254,640			736			—			214,130
Commissions	—			52,922			—			—			52,922
General and administrative expenses	—			121,035			128			—			121,163
Depreciation and amortization	—			12,784			—			—			12,784
Operating (loss) income	(41,246		)	67,899			608			—			27,261
Equity in loss of unconsolidated entities	—			(113		)	—			—			(113		)
Loss on extinguishment of debt	(4,636		)	—			—			—			(4,636		)
Other (expense) income, net	(59,458		)	1,278			15			—			(58,165		)
(Loss) income before income taxes	(105,340		)	69,064			623			—			(35,653		)
(Benefit from) provision for income taxes	(10,765		)	7,058			218			—			(3,489		)
Equity in income of subsidiaries	62,411			—			—			(62,411		)	—
(Loss) income from continuing operations	(32,164		)	62,006			405			(62,411		)	(32,164		)
(Loss) income from discontinued operations	—			(1,736		)	32			—			(1,704		)
Equity in loss of subsidiaries	(1,704		)	—			—			1,704			—
Net (loss) income	$	(33,868	)	$	60,270		$	437		$	(60,707	)	$	(33,868	)
Comprehensive (loss) income	$	(33,868	)	$	60,270		$	437		$	(60,707	)	$	(33,868	)

Beazer Homes USA, Inc.

Consolidating Statement of Operations Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2012
Total revenue	$	—		$	1,005,677		$	941		$	(941	)	$	1,005,677
Home construction and land sales expenses	60,952			828,368			—			(941		)	888,379
Inventory impairments and option contract abandonments	275			11,935			—			—			12,210
Gross (loss) profit	(61,227		)	165,374			941			—			105,088
Commissions	—			43,585			—			—			43,585
General and administrative expenses	—			109,937			114			—			110,051
Depreciation and amortization	—			13,510			—			—			13,510
Operating (loss) income	(61,227		)	(1,658		)	827			—			(62,058		)
Equity in income of unconsolidated entities	—			304			—			—			304
Loss on extinguishment of debt	(45,097		)	—			—			—			(45,097		)
Other (expense) income, net	(71,474		)	2,328			27			—			(69,119		)
(Loss) income before income taxes	(177,798		)	974			854			—			(175,970		)
(Benefit from) provision for income taxes	(68,026		)	27,380			299			—			(40,347		)
Equity in loss of subsidiaries	(25,851		)	—			—			25,851			—
(Loss) income from continuing operations	(135,623		)	(26,406		)	555			25,851			(135,623		)
Loss from discontinued operations	—			(9,695		)	(8		)	—			(9,703		)
Equity in loss of subsidiaries	(9,703		)	—			—			9,703			—
Net (loss) income	$	(145,326	)	$	(36,101	)	$	547		$	35,554		$	(145,326	)
Comprehensive (loss) income	$	(145,326	)	$	(36,101	)	$	547		$	35,554		$	(145,326	)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Net cash (used in) provided by operating activities	$	(119,074	)	$	(41,429	)	$	34		$	—		$	(160,469	)
Cash flows from investing activities:
Capital expenditures	—			(14,553		)	—			—			(14,553		)
Investments in unconsolidated entities	—			(5,218		)	—			—			(5,218		)
Return of capital from unconsolidated entities	—			1,703			—			—			1,703
Increases in restricted cash	(14,111		)	(1,497		)	—			—			(15,608		)
Decreases in restricted cash	39			1,606			—			—			1,645
Advances to/from subsidiaries	(78,951		)	—			—			78,951			—
Net cash used in investing activities	(93,023		)	(17,959		)	—			78,951			(32,031		)
Cash flows from financing activities:
Repayment of debt	(305,061		)	(2,541		)	—			—			(307,602		)
Proceeds from issuance of new debt	325,000			—			—			—			325,000
Debt issuance costs	(5,490		)	—			—			—			(5,490		)
Payments for other financing activities	287			—			—			—			287
Advances to/from parent	—			77,639			(57		)	(77,582		)	—
Net cash (used in) provided by financing activities	14,736			75,098			(57		)	(77,582		)	12,195
Decrease (increase) in cash and cash equivalents	(197,361		)	15,710			(23		)	1,369			(180,305		)
Cash and cash equivalents at beginning of period	499,341			6,324			1,637			(2,843		)	504,459
Cash and cash equivalents at end of period	$	301,980		$	22,034		$	1,614		$	(1,474	)	$	324,154

Beazer Homes USA, Inc.

Consolidating Statements of Cash Flow Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Net cash (used in) provided by operating activities	$	(89,306	)	$	(86,300	)	$	964		$	—		$	(174,642	)
Cash flows from investing activities:
Capital expenditures	—			(10,761		)	—			—			(10,761		)
Investments in unconsolidated entities	—			(3,879		)	—			—			(3,879		)
Return of capital from unconsolidated entities	—			510			—			—			510
Increases in restricted cash	(3,460		)	(1,330		)	—			—			(4,790		)
Decreases in restricted cash	208,487			585			—			—			209,072
Net cash provided by (used in) investing activities	205,027			(14,875		)	—			—			190,152
Cash flows from financing activities:
Repayment of debt	(184,250		)	(473		)	—			—			(184,723		)
Proceeds from issuance of new debt	397,082			—			—			—			397,082
Repayment of cash secured loans	(205,000		)	—			—			—			(205,000		)
Debt issuance costs	(5,548		)	—			—			—			(5,548		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Payments for other financing activities	(157		)	—			—			—			(157		)
Advances to/from subsidiaries	(99,901		)	100,257			27			(383		)	—
Net cash (used in) provided by financing activities	(97,774		)	99,284			27			(383		)	1,154
Increase (decrease) in cash and cash equivalents	17,947			(1,891		)	991			(383		)	16,664
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	$	499,341		$	6,324		$	1,637		$	(2,843	)	$	504,459

Fiscal Year Ended September 30, 2012
Net cash (used in) provided by operating activities	$	(110,429	)	$	88,806		$	778		$	—		$	(20,845	)
Cash flows from investing activities:
Capital expenditures	—			(17,363		)	—			—			(17,363		)
Investments in unconsolidated entities	—			(2,407		)	—			—			(2,407		)
Return of capital from unconsolidated entities	—			610			—			—			610
Increases in restricted cash	(2,100		)	(1,160		)	—			—			(3,260		)
Decreases in restricted cash	25,919			1,139			—			—			27,058
Net cash provided by (used in) investing activities	23,819			(19,181		)	—			—			4,638
Cash flows from financing activities:
Repayment of debt	(289,063		)	(1,324		)	—			—			(290,387		)
Proceeds from issuance of new debt	300,000			—			—			—			300,000
Repayment of cash secured loans	(20,000		)	—			—			—			(20,000		)
Debt issuance costs	(10,845		)	—			—			—			(10,845		)
Proceeds from issuance of common stock	60,340			—			—			—			60,340
Proceeds from issuance of TEU prepaid stock purchase contracts, net	88,361			—			—			—			88,361
Proceeds from issuance of TEU amortizing notes	23,500			—			—			—			23,500
Settlement of unconsolidated entity debt obligations	(15,862		)	—			—			—			(15,862		)
Payments for other financing activities	(1,508		)	—			—			—			(1,508		)
Dividends paid	2,300			—			(2,300		)	—			—
Advances to/from subsidiaries	70,058			(70,574		)	1,750			(1,234		)	—
Net cash provided by (used in) financing activities	207,281			(71,898		)	(550		)	(1,234		)	133,599
Increase (decrease) in cash and cash equivalents	120,671			(2,273		)	228			(1,234		)	117,392
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	$	481,394		$	8,215		$	646		$	(2,460	)	$	487,795

Discontinued Operations

12 Months Ended

Sep. 30, 2014

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 stockholder 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 separately classified the results of operations of our discontinued operations in the accompanying consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of September 30, 2014 or September 30, 2013. Discontinued operations were not segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions in the consolidated statements of cash flows will not agree with the respective data in the consolidated statements of operations. The results of our discontinued operations in the consolidated statements of operations for the fiscal years ended September 30, 2014, 2013 and 2012 were as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Total revenue	$	3,864		$	288		$	6,029
Home construction and land sales expenses	4,768			(319		)	6,057
Inventory impairments and lot option abandonments	—			17			579
Gross (loss) profit	(904		)	590			(607		)
Commissions	—			—			217
General and administrative expenses (a)	(351		)	2,566			9,206
Depreciation and amortization	—			—			35
Operating loss	(553		)	(1,976		)	(10,065		)
Other income (loss), net	8			77			(38		)
Loss from discontinued operations before income taxes	(545		)	(1,899		)	(10,103		)
Benefit from income taxes	(5		)	(195		)	(400		)
Loss from discontinued operations, net of tax	$	(540	)	$	(1,704	)	$	(9,703	)


(a)	General and administrative expenses for the fiscal year ended September 30, 2012 primarily includes expense for the wind-down of our NW Florida operations, legal fees and potential liability related to outstanding litigation and other matters in Denver, Colorado and legal fees and other expenses related to BMC's settlement agreements related to our prior mortgage operations.

- 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).

+ References

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+ Details

Selected Quarterly Financial Data

12 Months Ended

Sep. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data

Selected Quarterly Financial Data (Unaudited)

Summarized quarterly financial information:



(In thousands, except per share data)	Quarter Ended
Fiscal 2014	December 31			March 31			June 30			September 30
Total revenue	$	293,170		$	270,021		$	354,671		$	545,905
Gross profit (a)	54,670			52,172			68,804			87,813
Operating income	11,532			5,617			15,088			23,452
Net (loss) income from continuing operations (b)	(3,948		)	(8,224		)	(13,193		)	60,288
Basic EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	2.28
Diluted EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	1.90

Fiscal 2013
Total revenue	$	246,902		$	287,902		$	314,439		$	438,334
Gross profit (a)	36,084			43,885			54,115			80,046
Operating loss (income)	(3,601		)	311			8,472			22,079
Net (loss) income from continuing operations (b)	(18,939		)	(19,111		)	(5,442		)	11,328
Basic EPS from continuing operations	$	(0.78	)	$	(0.78	)	$	(0.22	)	$	0.46
Diluted EPS from continuing operations	$	(0.78	)	$	(0.78	)	$	(0.22	)	$	0.36


(a)	Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:



(In thousands)	Fiscal 2014		Fiscal 2013
1st Quarter	$	31	$	204
2nd Quarter	880		2,025
3rd Quarter	2,010		—
4th Quarter	5,386		404
	$	8,307	$	2,633


(b)	Net (loss) income from continuing operations in fiscal 2014 and 2013 includes loss on extinguishment of debt (as follows).



(In thousands)	Fiscal 2014			Fiscal 2013
1st Quarter	$	—		$	—
2nd Quarter	(153		)	(3,638		)
3rd Quarter	(19,764		)	—
4th Quarter	—			(998		)
	$	(19,917	)	$	(4,636	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Presentation

Presentation. The accompanying consolidated financial statements include the accounts of Beazer Homes USA, Inc. and our subsidiaries. Intercompany balances have been eliminated in consolidation.

Cash and Cash Equivalents and Restricted Cash

Accounts Receivables

Inventory

Inventory Valuation - Held For Development

Asset Valuation - Land Held for Future Development and Sale


•	management has the authority and commits to a plan to sell the land;


•	the land is available for immediate sale in its present conditions;


•	there is an active program to locate a buyer and the plan to sell the property has been initiated;


•	the sale of the land is probable within one year;


•	the property is being actively marketed at a reasonable sale price relative to its current fair value; and


•	it is unlikely that the plan to sell will be withdrawn or that significant changes to the plan will be made.

Land Not Owned Under Option Agreements

Investments in Marketable Securities and Unconsolidated Entities

See Note 3, Investments in Marketable Securities and Unconsolidated Entities.

Property, Plant and Equipment

Property, Plant and Equipment. Property, plant and equipment is recorded at cost. Depreciation is computed on a straight-line basis at rates based on estimated useful lives as follows:



Buildings		25 - 30 years
Building improvements		Lesser of estimated useful life of the improvements or remaining useful life of the building
Information systems		Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures, and computer and office equipment		3 - 7 years
Model and sales office improvements		Lesser of estimated useful life of the asset or estimated useful life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Other Assets

Other Assets. Other assets principally include prepaid expenses, debt issuance costs and deferred compensation plan assets.

Income Taxes

Income Recognition and Classificiation of Costs

Earnings Per Share

Fair Value Measurements

Stock-Based Compensation

Use of Estimates

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives

Depreciation is computed on a straight-line basis at rates based on estimated useful lives as follows:



Buildings		25 - 30 years
Building improvements		Lesser of estimated useful life of the improvements or remaining useful life of the building
Information systems		Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures, and computer and office equipment		3 - 7 years
Model and sales office improvements		Lesser of estimated useful life of the asset or estimated useful life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Property, plant and equipment consists of:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013
Buildings and improvements	$	2,329		$	2,329
Model and sales office improvements	25,334			23,046
Leasehold improvements	4,197			4,212
Information systems	17,554			16,532
Furniture, fixtures and office equipment	9,999			16,215
Property, plant and equipment, gross	59,413			62,334
Less: Accumulated Depreciation	(40,740		)	(45,334		)
Property, plant and equipment, net	$	18,673		$	17,000

Other Liabilities

Other liabilities include the following:



(In thousands)	September 30, 2014		September 30, 2013
Income tax liabilities	$	5,576	$	20,170
Accrued warranty expenses	16,084		11,663
Accrued interest	34,645		33,372
Accrued and deferred compensation	24,270		25,579
Customer deposits	11,977		11,408
Other	49,964		43,431
Total	$	142,516	$	145,623

Supplemental Cash Flow Information (Tables)

12 Months Ended

Sep. 30, 2014

Supplemental Cash Flow Elements [Abstract]

Supplemental disclosure of non-cash activity



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(1,717	)	$	(154	)	$	(602	)
Decrease in future land purchase rights	—			—			(11,651		)
Contribution of future land purchase rights to unconsolidated entities	—			—			11,651
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(2,376		)	(9,402		)	(55,308		)
Contribution of Pre-Owned net assets for investment in unconsolidated entity	—			—			(19,670		)
Sale of interest in REIT for shares of AMH	26,040			—			—
Purchase of AMH shares in exchange for interest in REIT	(26,040		)	—			—
Non-cash land acquisitions	20,274			11,000			7,813
Issuance of stock under deferred bonus stock plans	103			68			—
Supplemental disclosure of cash activity:
Interest payments	117,501			102,716			126,313
Income tax payments	212			403			831
Tax refunds received	33,271			6,730			2,568

Investments in Marketable Securities and Unconsolidated Entities (Tables)

12 Months Ended

Sep. 30, 2014

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 as of September 30, 2014 and September 30, 2013:



(In thousands)	September 30, 2014		September 30, 2013
Beazer’s investment in unconsolidated entities	$	13,576	$	44,997
Total equity of unconsolidated entities	59,336		385,040
Total outstanding borrowings of unconsolidated entities	11,254		85,938



	Fiscal Year Ended September 30,
(In thousands)	2014		2013			2012
Continuing operations:
Income from unconsolidated entity activity	$	6,545	$	68		$	304
Impairment of unconsolidated entity investment	—		(181		)	—
Equity in income (loss) of unconsolidated entities - continuing operations	$	6,545	$	(113	)	$	304

Inventory (Tables)

12 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Schedule of Inventory



(In thousands)	September 30, 2014		September 30, 2013
Homes under construction	$	282,095	$	262,476
Development projects in progress	786,768		578,453
Land held for future development	301,048		341,986
Land held for sale	51,672		31,331
Capitalized interest	87,619		52,562
Model homes	48,294		37,886
Total owned inventory	$	1,557,496	$	1,304,694

Schedule of Total Owned Inventory, by Segment

Total owned inventory, by reportable segment, is set forth in the table below. Inventory located in California, the state with our largest concentration of inventory, was $426.1 million and $388.1 million at September 30, 2014 and 2013, respectively.



(In thousands)	Projects in Progress		Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2014
West Segment	$	462,508	$	260,898	$	10,026	$	733,432
East Segment	353,859		29,239		34,530		417,628
Southeast Segment	264,843		10,911		4,821		280,575
Unallocated & Other	123,566		—		2,295		125,861
Total	$	1,204,776	$	301,048	$	51,672	$	1,557,496
September 30, 2013
West Segment	$	339,319	$	292,875	$	16,572	$	648,766
East Segment	331,894		25,491		3,833		361,218
Southeast Segment	178,624		23,620		8,208		210,452
Unallocated & Other	81,540		—		2,718		84,258
Total	$	931,377	$	341,986	$	31,331	$	1,304,694

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 September 30, 2014, 2013 and 2012. 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
Year Ended September 30, 2014
West	5	3	$	25,191	90.9	%
East (a)	1	—	—		—	%
Southeast	2	1	7,479		120.2	%
Unallocated	—	—	2,558		100.0	%
Total	8	4	$	35,228	97.8	%

Year Ended September 30, 2013
West	1	1	$	11,080	117.6	%
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Unallocated	—	—	1,755		100.0	%
Total	5	5	$	27,680	114.9	%

Year Ended September 30, 2012
West	14	8	$	28,467	94.7	%
East	12	8	30,052		91.8	%
Southeast	5	3	9,247		116.5	%
Unallocated	—	—	5,193		100.0	%
Total	31	19	$	72,959	96.7	%

Summary of Discounted Cash Flow Analysis

The estimated fair value of the impaired inventory is determined immediately after a community’s impairment.



($ in thousands)	Results of Discounted Cash Flow Analyses Prepared
Segment	# of Communities Impaired	# of Lots Impaired	Impairment Charge		Estimated Fair Value of Impaired Inventory at Period End
Year Ended September 30, 2014
West	2	180	$	4,948	$	14,379
East (a)	—	—	—		—
Southeast	—	—	—		—
Unallocated	—	—	373		—
Continuing Operations (a)	2	180	5,321		14,379
Discontinued Operations	—	—	—		—
Total (a)	2	180	$	5,321	$	14,379

Year Ended September 30, 2012
West	2	116	$	3,902	$	11,058
East	2	93	4,316		7,342
Southeast	1	37	796		2,457
Unallocated	—	—	473		—
Continuing Operations	5	246	9,487		20,857
Discontinued Operations	—	—	60		—
Total	5	246	$	9,547	$	20,857

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 fiscal years ended September 30, 2014, 2013 and 2012:



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Development projects and homes in process (Held for Development)
West	$	4,948	$	46	$	3,902
East	100		13		4,316
Southeast	—		—		796
Unallocated	373		—		473
Subtotal	$	5,421	$	59	$	9,487
Land Held for Sale
West	$	—	$	228	$	—
East	232		123		100
Southeast	28		1,778		208
Subtotal	$	260	$	2,129	$	308
Lot Option Abandonments
West	$	—	$	104	$	301
East	131		20		1,320
Southeast	2,495		321		792
Unallocated	—		—		2
Subtotal	$	2,626	$	445	$	2,415
Continuing Operations	$	8,307	$	2,633	$	12,210
Discontinued Operations
Held for Development	$	—	$	—	$	60
Land Held for Sale	—		17		503
Lot Option Abandonments	—		—		16
Subtotal	$	—	$	17	$	579
Total Company	$	8,307	$	2,650	$	12,789

Summary of Interests in Lot Option Agreements

The following provides a summary of our interests in lot option agreements as of September 30, 2014 and September 30, 2013:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of September 30, 2014
Consolidated VIEs	$	941	$	2,916	$	3,857
Unconsolidated lot option agreements	42,588		417,618		—
Total lot option agreements	$	43,529	$	420,534	$	3,857
As of September 30, 2013
Consolidated VIEs	$	4,491	$	4,633	$	9,124
Unconsolidated lot option agreements	32,822		284,005		—
Total lot option agreements	$	37,313	$	288,638	$	9,124

Property, Plant and Equipment (Tables)

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Depreciation is computed on a straight-line basis at rates based on estimated useful lives as follows:



Buildings		25 - 30 years
Building improvements		Lesser of estimated useful life of the improvements or remaining useful life of the building
Information systems		Lesser of estimated useful life of the asset or 5 years
Furniture, fixtures, and computer and office equipment		3 - 7 years
Model and sales office improvements		Lesser of estimated useful life of the asset or estimated useful life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Property, plant and equipment consists of:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013
Buildings and improvements	$	2,329		$	2,329
Model and sales office improvements	25,334			23,046
Leasehold improvements	4,197			4,212
Information systems	17,554			16,532
Furniture, fixtures and office equipment	9,999			16,215
Property, plant and equipment, gross	59,413			62,334
Less: Accumulated Depreciation	(40,740		)	(45,334		)
Property, plant and equipment, net	$	18,673		$	17,000

Borrowings (Tables)

12 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of long-term debt

At September 30, 2014 and September 30, 2013 we had the following debt:



(In thousands)	Maturity Date	2014			2013
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	—			298,000
9 1/8% Senior Notes	May 2019	235,000			235,000
5 3/4% Senior Notes	June 2019	325,000			—
7 1/2% Senior Notes	September 2021	200,000			200,000
7 1/4% Senior Notes	February 2023	200,000			200,000
TEU Senior Amortizing Notes	July 2015	6,703			16,141
Unamortized debt discounts		(4,399		)	(5,160		)
Total Senior Notes, net		1,435,183			1,416,860
Junior Subordinated Notes	July 2036	55,737			53,670
Cash Secured Loans	November 2017	22,368			22,368
Other Secured Notes Payable	Various Dates	22,145			19,285
Total debt, net		$	1,535,433		$	1,512,183

Schedule of Maturities of Long-term Debt

As of September 30, 2014, future maturities of our borrowings are as follows:



Fiscal Year Ended September 30,
(In thousands)
2015	$	15,636
2016	176,412
2017	25,901
2018	300,000
2019	566,145
Thereafter	500,773
Total	$	1,584,867

- 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 235

-SubTopic 10

-Section S99

-Paragraph 1

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

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-Topic 835

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

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-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The benefit from income taxes from continuing operations consists of the following:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Current federal	$	(44,789	)	$	(4,409	)	$	(34,242	)
Current state	322			(394		)	(143		)
Deferred federal	2,385			1,476			(5,964		)
Deferred state	285			(162		)	2
Total	$	(41,797	)	$	(3,489	)	$	(40,347	)

Schedule of Effective Income Tax Rate Reconciliation

The benefit from income taxes from continuing operations differs from the amount computed by applying the federal income tax statutory rate as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Income tax computed at statutory rate	$	(2,406	)	$	(12,479	)	$	(61,590	)
State income taxes, net of federal benefit	(172		)	(684		)	(6,055		)
Valuation allowance - IRS Settlement	(26,846		)	—			—
Valuation allowance - other	3,023			11,729			59,601
Changes for uncertain tax positions	(14,276		)	(1,909		)	(32,441		)
IRS interest refund	(1,714		)	—			—
Other, net	594			(146		)	138
Total	$	(41,797	)	$	(3,489	)	$	(40,347	)

Schedule of Deferred Tax Assets and Liabilities

Considering the limitation imposed by Section 382, the table below depicts the classifications of our deferred tax assets:



	September 30, 2014
(In thousands)
Deferred tax assets:
Subject to annual limitation	$	102,207
Generally not subject to annual limitation	348,435
Certain components likely to be subject to annual limitation	40,905
Total deferred tax assets	491,547
Deferred tax liabilities	(43,496		)
Net deferred tax assets before valuation allowance	448,051
Valuation allowance	(445,228		)
Net deferred tax assets	$	2,823

The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows:



(In thousands)	September 30, 2014			September 30, 2013
Deferred tax assets:
Warranty and other reserves	$	11,587		$	11,559
Incentive compensation	18,993			17,368
Property, equipment and other assets	2,750			2,455
Federal and state tax carryforwards	357,146			383,508
Inventory adjustments	95,237			114,416
Uncertain tax positions	1,911			14,415
Other	3,923			3,052
Total deferred tax assets	491,547			546,773
Deferred tax liabilities:
Deferred revenues	(43,496		)	(54,257		)
Total deferred tax liabilities	(43,496		)	(54,257		)
Net deferred tax assets before valuation allowance	448,051			492,516
Valuation allowance	(445,228		)	(487,263		)
Net deferred tax assets	$	2,823		$	5,253

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits at the beginning and end of fiscal 2014, 2013 and 2012 is as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Balance at beginning of year	$	17,464		$	19,630		$	46,648
Additions for (reductions in) tax positions related to current year	150			(1,620		)	903
Additions for tax positions related to prior years	1,365			—			—
Reductions for tax positions of prior years	(14,201		)	—			(27,181		)
Lapse of statute of limitations	(162		)	(546		)	(740		)
Balance at end of year	$	4,616		$	17,464		$	19,630

Contingencies (Tables)

12 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Warranty reserves

Our warranty reserves are as follows (in thousands):



	Fiscal Year Ended September 30,
	2014			2013			2012
Balance at beginning of period	$	11,663		$	15,477		$	17,916
Accruals for warranties issued	6,087			5,897			6,540
Changes in liability related to warranties existing in prior periods	9,836			(2,856		)	(2,677		)
Payments made	(11,502		)	(6,855		)	(6,302		)
Balance at end of period	$	16,084		$	11,663		$	15,477

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

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



(In thousands)	Level 1		Level 2		Level 3		Total
Year Ended September 30, 2014
Available-for-sale marketable equity securities (a)	$	24,765	$	—	$	—	$	24,765
Deferred compensation plan assets (a)	—		517		—		517
Development projects in progress (b)	—		—		14,379		14,379
Land held for sale (b)	—		—		4,117		4,117
Year Ended September 30, 2013
Deferred compensation plan assets (a)	—		653		—		653
Development projects in progress (b)	—		—		—		—
Land held for sale (b)	—		—		4,072		4,072

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:



	As of September 30, 2014				As of September 30, 2013
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,435,183	$	1,462,899	$	1,416,860	$	1,469,904
Junior Subordinated Notes	55,736		55,736		53,670		53,670
	$	1,490,919	$	1,518,635	$	1,470,530	$	1,523,574

Retirement Plan and Incentive Awards (Tables)

12 Months Ended

Sep. 30, 2014

Retirement Plan and Incentive Awards [Abstract]

Schedule of Assumptions for Stock Options Granted During Period

The fair value of each grant is estimated on the date of grant using the Black-Scholes option-pricing model. We used the following weighted-average assumptions for options granted::



	2014			2013			2012
Expected life of options	5.1 years			5.0 years			5.0 years
Expected volatility	45.99		%	46.15		%	44.77		%
Expected discrete dividends	—			—			—
Weighted average risk-free interest rate	1.42		%	0.63		%	0.90		%
Weighted average fair value	$	7.97		$	5.48		$	4.30

Schedule of Stock Options and SSARs Outstanding, and Related Activity

The following table summarizes stock options and SSARs outstanding as of September 30 and activity during the fiscal years ended September 30:



	2014				2013				2012
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	560,784		$	33.01	429,973		$	48.80	375,248		$	48.85
Granted	161,010		19.11		160,651		13.56		109,507		10.80
Exercised	(2,788	)	14.29		(681	)	10.80		—		—
Expired	(55,811	)	170.32		(22,914	)	47.65		(10,948	)	82.51
Forfeited	(12,972	)	19.85		(6,245	)	17.93		(43,834	)	24.13
Outstanding at end of period	650,223		$	18.12	560,784		$	33.01	429,973		$	48.80
Exercisable at end of period	355,703		$	19.74	310,120		$	48.73	247,588		$	58.61
Vested or expected to vest in the future	649,773		$	18.12	558,519		$	33.09	428,597		$	40.88

Schedule of Stock Options and SSARS Outstanding and Exercisable

The following table summarizes information about stock options and SSARs outstanding and exercisable at September 30, 2014:



	Stock Options/SSARs Outstanding				Stock Options/SSARs Exercisable
Range of Exercise Price	Number Outstanding	Weighted Average Contractual Remaining Life (Years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Contractual Remaining Life (Years)	Weighted Average Exercise Price

$1 - $15	255,747	5.71	$	12.28	120,644	5.54	$	11.85
$16 - $20	250,826	5.23	19.30		92,224	1.99	19.61
$21-$75	143,660	2.85	26.48		142,835	2.83	26.44
$1-$75	650,233	2.88	$	18.12	355,703	3.02	$	19.74

Schedule of Nonvested Stock Awards and Performance Shares

Activity relating to nonvested stock awards, including the Performance Shares for the fiscal years ended September 30, 2014, 2013 and 2012 is as follows:



	Year Ended September 30, 2014				Year Ended September 30, 2013				Year Ended September 30, 2012
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	280,416		$	12.32	323,335		$	19.61	288,079		$	33.85
Granted	595,567		18.68		99,413		10.95		179,913		7.19
Vested	(113,320	)	22.55		(126,124	)	27.59		(88,497	)	34.20
Forfeited	(16,096	)	15.93		(16,208	)	30.57		(56,160	)	29.97
End of period	746,567		$	15.76	280,416		$	12.32	323,335		$	19.61

Segment Information (Tables)

12 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Schedule of segment reporting information



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Revenue
West	$	556,741	$	547,636	$	391,648
East	552,082		483,685		402,466
Southeast	354,944		256,256		210,449
Pre-Owned	—		—		1,114
Continuing Operations	$	1,463,767	$	1,287,577	$	1,005,677



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Operating income (loss)
West	$	65,442		$	59,084		$	15,147
East	48,127			40,670			9,152
Southeast	31,854			23,030			14,815
Pre-Owned	—			—			(229		)
Segment total	145,423			122,784			38,885
Corporate and unallocated (a)	(89,734		)	(95,523		)	(100,943		)
Total operating income (loss)	$	55,689		$	27,261		$	(62,058	)



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Depreciation and amortization
West	$	5,722	$	5,305	$	4,980
East	3,447		3,479		3,536
Southeast	2,075		1,683		1,710
Pre-Owned	—		—		330
Segment total	11,244		10,467		10,556
Corporate and unallocated (a)	2,035		2,317		2,954
Continuing Operations	$	13,279	$	12,784	$	13,510



	Fiscal Year Ended September 30,
(In thousands)	2014		2013		2012
Capital Expenditures
West	$	6,660	$	4,835	$	3,031
East	3,050		1,915		3,532
Southeast	2,979		1,311		1,814
Pre-Owned (b)	—		—		7,933
Corporate and unallocated	1,864		2,700		1,053
Consolidated total	$	14,553	$	10,761	$	17,363



(In thousands)	September 30, 2014		September 30, 2013
Assets
West	$	756,575	$	680,346
East	433,032		369,937
Southeast	299,215		228,814
Corporate and unallocated (c)	577,398		707,692
Consolidated total	$	2,066,220	$	1,986,789

(a)


(b)	Capital expenditures represent the purchase of previously owned homes through May 2, 2012.


(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)

12 Months Ended

Sep. 30, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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	$	301,980	$	22,034	$	1,614	$	(1,474	)	$	324,154
Restricted cash	61,945		996		—		—			62,941
Accounts receivable (net of allowance of $1,245)	—		34,428		1		—			34,429
Income tax receivable	46		—		—		—			46
Owned inventory	—		1,557,496		—		—			1,557,496
Consolidated inventory not owned	—		3,857		—		—			3,857
Investments in marketable securities and unconsolidated entities	773		37,568		—		—			38,341
Deferred tax assets, net	2,823		—		—		—			2,823
Property, plant and equipment, net	—		18,673		—		—			18,673
Investments in subsidiaries	253,540		—		—		(253,540		)	—
Intercompany	1,195,349		—		2,405		(1,197,754		)	—
Other assets	17,226		6,144		90		—			23,460
Total assets	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	106,237	$	—	$	—		$	106,237
Other liabilities	38,871		102,833		812		—			142,516
Intercompany	2,405		1,196,823		—		$	(1,199,228	)	—
Obligations related to land not owned under option agreements	—		2,916		—		—			2,916
Total debt (net of discounts of $4,399)	1,513,288		22,145		—		—			1,535,433
Total liabilities	1,554,564		1,430,954		812		$	(1,199,228	)	1,787,102
Stockholders’ equity	279,118		250,242		3,298		(253,540		)	279,118
Total liabilities and stockholders’ equity	$	1,833,682	$	1,681,196	$	4,110	$	(1,452,768	)	$	2,066,220



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	499,341	$	6,324	$	1,637	$	(2,843	)	$	504,459
Restricted cash	47,873		1,105		—		—			48,978
Accounts receivable (net of allowance of $1,651)	—		22,339		3		—			22,342
Income tax receivable	2,813		—		—		—			2,813
Owned inventory	—		1,304,694		—		—			1,304,694
Consolidated inventory not owned	—		9,124		—		—			9,124
Investments in marketable securities and unconsolidated entities	773		44,224		—		—			44,997
Deferred tax assets, net	5,253		—		—		—			5,253
Property, plant and equipment, net	—		17,000		—		—			17,000
Investments in subsidiaries	123,600		—		—		(123,600		)	—
Intercompany	1,088,949		—		2,747		(1,091,696		)	—
Other assets	19,602		7,147		380		—			27,129
Total assets	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	83,800	$	—	$	—		$	83,800
Other liabilities	52,009		92,384		1,230		—			145,623
Intercompany	2,747		1,091,792		—		(1,094,539		)	—
Obligations related to land not owned under option agreements	—		4,633		—		—			4,633
Total debt (net of discounts of $5,160)	1,492,898		19,285		—		—			1,512,183
Total liabilities	1,547,654		1,291,894		1,230		(1,094,539		)	1,746,239
Stockholders’ equity	240,550		120,063		3,537		(123,600		)	240,550
Total liabilities and stockholders’ equity	$	1,788,204	$	1,411,957	$	4,767	$	(1,218,139	)	$	1,986,789

Consolidating Statement of Operations Information



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Total revenue	$	—		$	1,463,767		$	379		$	(379	)	$	1,463,767
Home construction and land sales expenses	39,255			1,153,125			—			(379		)	1,192,001
Inventory impairments and option contract abandonments	245			8,062			—			—			8,307
Gross (loss) profit	(39,500		)	302,580			379			—			263,459
Commissions	—			58,028			—			—			58,028
General and administrative expenses	—			136,349			114			—			136,463
Depreciation and amortization	—			13,279			—			—			13,279
Operating (loss) income	(39,500		)	94,924			265			—			55,689
Equity in income of unconsolidated entities	—			6,545			—			—			6,545
Loss on extinguishment of debt	(19,917		)	—			—			—			(19,917		)
Other (expense) income, net	(50,786		)	1,600			(5		)	—			(49,191		)
(Loss) income before income taxes	(110,203		)	103,069			260			—			(6,874		)
(Benefit from) provision for income taxes	(14,247		)	(27,642		)	92			—			(41,797		)
Equity in income of subsidiaries	130,879			—			—			(130,879		)	—
Income (loss) from continuing operations	34,923			130,711			168			(130,879		)	34,923
Loss from discontinued operations	—			(532		)	(8		)	—			(540		)
Equity in loss of subsidiaries	(540		)	—			—			540			—
Net income (loss)	$	34,383		$	130,179		$	160		$	(130,339	)	$	34,383
Unrealized loss related to available-for-sale securities	$	(1,276	)	$	—		$	—		$	—		$	(1,276	)
Comprehensive income (loss)	$	33,107		$	130,179		$	160		$	(130,339	)	$	33,107
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Total revenue	$	—		$	1,287,577		$	736		$	(736	)	$	1,287,577
Home construction and land sales expenses	41,246			1,030,304			—			(736		)	1,070,814
Inventory impairments and option contract abandonments	—			2,633			—			—			2,633
Gross (loss) profit	(41,246		)	254,640			736			—			214,130
Commissions	—			52,922			—			—			52,922
General and administrative expenses	—			121,035			128			—			121,163
Depreciation and amortization	—			12,784			—			—			12,784
Operating (loss) income	(41,246		)	67,899			608			—			27,261
Equity in loss of unconsolidated entities	—			(113		)	—			—			(113		)
Loss on extinguishment of debt	(4,636		)	—			—			—			(4,636		)
Other (expense) income, net	(59,458		)	1,278			15			—			(58,165		)
(Loss) income before income taxes	(105,340		)	69,064			623			—			(35,653		)
(Benefit from) provision for income taxes	(10,765		)	7,058			218			—			(3,489		)
Equity in income of subsidiaries	62,411			—			—			(62,411		)	—
(Loss) income from continuing operations	(32,164		)	62,006			405			(62,411		)	(32,164		)
(Loss) income from discontinued operations	—			(1,736		)	32			—			(1,704		)
Equity in loss of subsidiaries	(1,704		)	—			—			1,704			—
Net (loss) income	$	(33,868	)	$	60,270		$	437		$	(60,707	)	$	(33,868	)
Comprehensive (loss) income	$	(33,868	)	$	60,270		$	437		$	(60,707	)	$	(33,868	)

Beazer Homes USA, Inc.

Consolidating Statement of Operations Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2012
Total revenue	$	—		$	1,005,677		$	941		$	(941	)	$	1,005,677
Home construction and land sales expenses	60,952			828,368			—			(941		)	888,379
Inventory impairments and option contract abandonments	275			11,935			—			—			12,210
Gross (loss) profit	(61,227		)	165,374			941			—			105,088
Commissions	—			43,585			—			—			43,585
General and administrative expenses	—			109,937			114			—			110,051
Depreciation and amortization	—			13,510			—			—			13,510
Operating (loss) income	(61,227		)	(1,658		)	827			—			(62,058		)
Equity in income of unconsolidated entities	—			304			—			—			304
Loss on extinguishment of debt	(45,097		)	—			—			—			(45,097		)
Other (expense) income, net	(71,474		)	2,328			27			—			(69,119		)
(Loss) income before income taxes	(177,798		)	974			854			—			(175,970		)
(Benefit from) provision for income taxes	(68,026		)	27,380			299			—			(40,347		)
Equity in loss of subsidiaries	(25,851		)	—			—			25,851			—
(Loss) income from continuing operations	(135,623		)	(26,406		)	555			25,851			(135,623		)
Loss from discontinued operations	—			(9,695		)	(8		)	—			(9,703		)
Equity in loss of subsidiaries	(9,703		)	—			—			9,703			—
Net (loss) income	$	(145,326	)	$	(36,101	)	$	547		$	35,554		$	(145,326	)
Comprehensive (loss) income	$	(145,326	)	$	(36,101	)	$	547		$	35,554		$	(145,326	)

Consolidating Statements of Cash Flow Information



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Net cash (used in) provided by operating activities	$	(119,074	)	$	(41,429	)	$	34		$	—		$	(160,469	)
Cash flows from investing activities:
Capital expenditures	—			(14,553		)	—			—			(14,553		)
Investments in unconsolidated entities	—			(5,218		)	—			—			(5,218		)
Return of capital from unconsolidated entities	—			1,703			—			—			1,703
Increases in restricted cash	(14,111		)	(1,497		)	—			—			(15,608		)
Decreases in restricted cash	39			1,606			—			—			1,645
Advances to/from subsidiaries	(78,951		)	—			—			78,951			—
Net cash used in investing activities	(93,023		)	(17,959		)	—			78,951			(32,031		)
Cash flows from financing activities:
Repayment of debt	(305,061		)	(2,541		)	—			—			(307,602		)
Proceeds from issuance of new debt	325,000			—			—			—			325,000
Debt issuance costs	(5,490		)	—			—			—			(5,490		)
Payments for other financing activities	287			—			—			—			287
Advances to/from parent	—			77,639			(57		)	(77,582		)	—
Net cash (used in) provided by financing activities	14,736			75,098			(57		)	(77,582		)	12,195
Decrease (increase) in cash and cash equivalents	(197,361		)	15,710			(23		)	1,369			(180,305		)
Cash and cash equivalents at beginning of period	499,341			6,324			1,637			(2,843		)	504,459
Cash and cash equivalents at end of period	$	301,980		$	22,034		$	1,614		$	(1,474	)	$	324,154

Beazer Homes USA, Inc.

Consolidating Statements of Cash Flow Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Net cash (used in) provided by operating activities	$	(89,306	)	$	(86,300	)	$	964		$	—		$	(174,642	)
Cash flows from investing activities:
Capital expenditures	—			(10,761		)	—			—			(10,761		)
Investments in unconsolidated entities	—			(3,879		)	—			—			(3,879		)
Return of capital from unconsolidated entities	—			510			—			—			510
Increases in restricted cash	(3,460		)	(1,330		)	—			—			(4,790		)
Decreases in restricted cash	208,487			585			—			—			209,072
Net cash provided by (used in) investing activities	205,027			(14,875		)	—			—			190,152
Cash flows from financing activities:
Repayment of debt	(184,250		)	(473		)	—			—			(184,723		)
Proceeds from issuance of new debt	397,082			—			—			—			397,082
Repayment of cash secured loans	(205,000		)	—			—			—			(205,000		)
Debt issuance costs	(5,548		)	—			—			—			(5,548		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Payments for other financing activities	(157		)	—			—			—			(157		)
Advances to/from subsidiaries	(99,901		)	100,257			27			(383		)	—
Net cash (used in) provided by financing activities	(97,774		)	99,284			27			(383		)	1,154
Increase (decrease) in cash and cash equivalents	17,947			(1,891		)	991			(383		)	16,664
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	$	499,341		$	6,324		$	1,637		$	(2,843	)	$	504,459

Fiscal Year Ended September 30, 2012
Net cash (used in) provided by operating activities	$	(110,429	)	$	88,806		$	778		$	—		$	(20,845	)
Cash flows from investing activities:
Capital expenditures	—			(17,363		)	—			—			(17,363		)
Investments in unconsolidated entities	—			(2,407		)	—			—			(2,407		)
Return of capital from unconsolidated entities	—			610			—			—			610
Increases in restricted cash	(2,100		)	(1,160		)	—			—			(3,260		)
Decreases in restricted cash	25,919			1,139			—			—			27,058
Net cash provided by (used in) investing activities	23,819			(19,181		)	—			—			4,638
Cash flows from financing activities:
Repayment of debt	(289,063		)	(1,324		)	—			—			(290,387		)
Proceeds from issuance of new debt	300,000			—			—			—			300,000
Repayment of cash secured loans	(20,000		)	—			—			—			(20,000		)
Debt issuance costs	(10,845		)	—			—			—			(10,845		)
Proceeds from issuance of common stock	60,340			—			—			—			60,340
Proceeds from issuance of TEU prepaid stock purchase contracts, net	88,361			—			—			—			88,361
Proceeds from issuance of TEU amortizing notes	23,500			—			—			—			23,500
Settlement of unconsolidated entity debt obligations	(15,862		)	—			—			—			(15,862		)
Payments for other financing activities	(1,508		)	—			—			—			(1,508		)
Dividends paid	2,300			—			(2,300		)	—			—
Advances to/from subsidiaries	70,058			(70,574		)	1,750			(1,234		)	—
Net cash provided by (used in) financing activities	207,281			(71,898		)	(550		)	(1,234		)	133,599
Increase (decrease) in cash and cash equivalents	120,671			(2,273		)	228			(1,234		)	117,392
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	$	481,394		$	8,215		$	646		$	(2,460	)	$	487,795

Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

The results of our discontinued operations in the consolidated statements of operations for the fiscal years ended September 30, 2014, 2013 and 2012 were as follows:



	Fiscal Year Ended September 30,
(In thousands)	2014			2013			2012
Total revenue	$	3,864		$	288		$	6,029
Home construction and land sales expenses	4,768			(319		)	6,057
Inventory impairments and lot option abandonments	—			17			579
Gross (loss) profit	(904		)	590			(607		)
Commissions	—			—			217
General and administrative expenses (a)	(351		)	2,566			9,206
Depreciation and amortization	—			—			35
Operating loss	(553		)	(1,976		)	(10,065		)
Other income (loss), net	8			77			(38		)
Loss from discontinued operations before income taxes	(545		)	(1,899		)	(10,103		)
Benefit from income taxes	(5		)	(195		)	(400		)
Loss from discontinued operations, net of tax	$	(540	)	$	(1,704	)	$	(9,703	)


(a)	General and administrative expenses for the fiscal year ended September 30, 2012 primarily includes expense for the wind-down of our NW Florida operations, legal fees and potential liability related to outstanding litigation and other matters in Denver, Colorado and legal fees and other expenses related to BMC's settlement agreements related to our prior mortgage operations

- 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

Selected Quarterly Financial Data (Tables)

12 Months Ended

Sep. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Summarized quarterly financial information:



(In thousands, except per share data)	Quarter Ended
Fiscal 2014	December 31			March 31			June 30			September 30
Total revenue	$	293,170		$	270,021		$	354,671		$	545,905
Gross profit (a)	54,670			52,172			68,804			87,813
Operating income	11,532			5,617			15,088			23,452
Net (loss) income from continuing operations (b)	(3,948		)	(8,224		)	(13,193		)	60,288
Basic EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	2.28
Diluted EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	1.90

Fiscal 2013
Total revenue	$	246,902		$	287,902		$	314,439		$	438,334
Gross profit (a)	36,084			43,885			54,115			80,046
Operating loss (income)	(3,601		)	311			8,472			22,079
Net (loss) income from continuing operations (b)	(18,939		)	(19,111		)	(5,442		)	11,328
Basic EPS from continuing operations	$	(0.78	)	$	(0.78	)	$	(0.22	)	$	0.46
Diluted EPS from continuing operations	$	(0.78	)	$	(0.78	)	$	(0.22	)	$	0.36


(a)	Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:



(In thousands)	Fiscal 2014		Fiscal 2013
1st Quarter	$	31	$	204
2nd Quarter	880		2,025
3rd Quarter	2,010		—
4th Quarter	5,386		404
	$	8,307	$	2,633


(b)	Net (loss) income from continuing operations in fiscal 2014 and 2013 includes loss on extinguishment of debt (as follows).



(In thousands)	Fiscal 2014			Fiscal 2013
1st Quarter	$	—		$	—
2nd Quarter	(153		)	(3,638		)
3rd Quarter	(19,764		)	—
4th Quarter	—			(998		)
	$	(19,917	)	$	(4,636	)

Summary of Significant Accounting Policies (Details) (USD $) Share data in Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2014 home state	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Summary of Significant Accounting Policies [Line Items]
Number of states with active operations	16
Threshold Number of Homes Below a Minimum Threshold of Profitability	10
Measurement threshold of likelihood of being realized (percent)	50.00%
Other Liabilities [Abstract]
Income tax liabilities	$ 5,576,000	$ 20,170,000
Accrued warranty expenses	16,084,000	11,663,000	15,477,000	17,916,000
Accrued interest	34,645,000	33,372,000
Accrued and deferred compensation	24,270,000	25,579,000
Customer deposits	11,977,000	11,408,000
Other	49,964,000	43,431,000
Total	142,516,000	145,623,000
Advertising costs	$ 17,800,000	$ 14,200,000	$ 13,500,000
Minimum
Summary of Significant Accounting Policies [Line Items]
Time to develop, sell, construct and close all houses in typical community	3 years
Other Liabilities [Abstract]
Estimated future warranty costs as a percentage or revenue (percent)	0.10%
Maximum
Summary of Significant Accounting Policies [Line Items]
Time to develop, sell, construct and close all houses in typical community	5 years
Other Liabilities [Abstract]
Estimated future warranty costs as a percentage or revenue (percent)	2.10%
Buildings \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	25 years
Buildings \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	30 years
Information systems \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Furniture, Fixtures, Computer and Office Equipment \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Furniture, Fixtures, Computer and Office Equipment \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	7 years
SSARs and Stock Options
Other Liabilities [Abstract]
Antidilutive securities excluded from computation of earnings per share (shares)	0.7
Equity Unit Purchase Agreements
Other Liabilities [Abstract]
Antidilutive securities excluded from computation of earnings per share (shares)	5.2

Supplemental Cash Flow Information (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$ (1,717)	$ (154)	$ (602)
Decrease in future land purchase rights	0	0	(11,651)
Contribution of future land purchase rights to unconsolidated entities	0	0	11,651
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	(2,376)	(9,402)	(55,308)
Contribution of Pre-Owned net assets for investment in unconsolidated entity	0	0	(19,670)
Sale of interest in REIT for shares of AMH	26,040	0	0
Purchase of AMH shares in exchange for interest in REIT	(26,040)	0	0
Non-cash land acquisitions	20,274	11,000	7,813
Issuance of stock under deferred bonus stock plans	103	68	0
Supplemental disclosure of cash activity:
Interest payments	117,501	102,716	126,313
Income tax payments	212	403	831
Tax refunds received	$ 33,271	$ 6,730	$ 2,568

Investments in Marketable Securities and Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]
Beazer’s investment in unconsolidated entities	$ 13,576	$ 44,997
Total equity of unconsolidated entities	59,336	385,040
Total outstanding borrowings of unconsolidated entities	11,254	85,938
Income from unconsolidated entity activity	(6,545)	(68)	(304)
Impairment of unconsolidated entity investment	0	(181)	0
Equity in income (loss) of unconsolidated entities - continuing operations	$ 6,545	$ (113)	$ 304

- 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+ Details

Investments in Marketable Securities and Unconsolidated Entities - Narrative (Details) (USD $)	12 Months Ended				12 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Jul. 01, 2014	Sep. 30, 2014 The REIT	May 03, 2012 The REIT home	Sep. 30, 2014 South Edge [Member]	Sep. 30, 2013 Other Liabilities
Schedule of Equity Method Investments [Line Items]
Available-for-sale Securities	$ 24,700,000			$ 26,000,000
Unrealized loss related to available-for-sale securities	(1,276,000)	0	0
Cash and Pre-Owned Homes business contributed	13,576,000	44,997,000				300,000
Number of pre-owned homes						190
Number of pre-owned homes that were leased						187
Beazer homes' ownership interest	100.00%					23.50%
Cost-method Investments, Realized Gains					6,300,000
Settlement of Unconsolidated JV Debt Obligation	0	500,000	15,862,000				1,000,000
Joint Venture Obligation							5,700,000
Beazer's estimate of its maximum exposure to our repayment guarantees								700,000
Guarantor Obligation, Settlement, Payment	500,000
Guarantor Obligation, Settlement, Other Income (Expense)	$ 200,000

Inventory - Schedule of Inventory (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2010
Real Estate [Abstract]
Homes under construction	$ 282,095	$ 262,476
Development projects in progress	786,768	578,453
Land held for future development	301,048	341,986
Land held for sale	51,672	31,331
Capitalized interest	87,619	52,562	38,190	45,973
Model homes	48,294	37,886
Total owned inventory	$ 1,557,496	$ 1,304,694

Inventory - Total Owned Inventory by Segment (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]
Projects in Progress	$ 1,204,776	$ 931,377
Held for Future Development	301,048	341,986
Land Held for Sale	51,672	31,331
Total owned inventory	1,557,496	1,304,694
West Segment
Segment Reporting Information [Line Items]
Projects in Progress	462,508	339,319
Held for Future Development	260,898	292,875
Land Held for Sale	10,026	16,572
Total owned inventory	733,432	648,766
East Segment
Segment Reporting Information [Line Items]
Projects in Progress	353,859	331,894
Held for Future Development	29,239	25,491
Land Held for Sale	34,530	3,833
Total owned inventory	417,628	361,218
Southeast Segment
Segment Reporting Information [Line Items]
Projects in Progress	264,843	178,624
Held for Future Development	10,911	23,620
Land Held for Sale	4,821	8,208
Total owned inventory	280,575	210,452
Unallocated & Other
Segment Reporting Information [Line Items]
Projects in Progress	123,566	81,540
Held for Future Development	0	0
Land Held for Sale	2,295	2,718
Total owned inventory	$ 125,861	$ 84,258

Inventory - Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment (Details) (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Sep. 30, 2014

Community

Sep. 30, 2013

Community

Sep. 30, 2012

Community

Real Estate Properties [Line Items]

Number of Communities on Watch List

Number of Communities

Pre-analysis Book Value (BV)

$ 35,228

$ 27,680

$ 72,959

Aggregate Undiscounted Cash Flow as a % of BV

97.80%

114.90%

96.70%

West

Real Estate Properties [Line Items]

Number of Communities on Watch List

Number of Communities

Pre-analysis Book Value (BV)

25,191

11,080

28,467

Aggregate Undiscounted Cash Flow as a % of BV

90.90%

117.60%

94.70%

East

Real Estate Properties [Line Items]

Number of Communities on Watch List

^[1]

Number of Communities

^[1]

Pre-analysis Book Value (BV)

^[1]

9,588

30,052

Aggregate Undiscounted Cash Flow as a % of BV

0.00%

^[1]

107.00%

91.80%

Southeast

Real Estate Properties [Line Items]

Number of Communities on Watch List

Number of Communities

Pre-analysis Book Value (BV)

7,479

5,257

9,247

Aggregate Undiscounted Cash Flow as a % of BV

120.20%

128.60%

116.50%

Unallocated

Real Estate Properties [Line Items]

Number of Communities on Watch List

Number of Communities

Pre-analysis Book Value (BV)

$ 2,558

$ 1,755

$ 5,193

Aggregate Undiscounted Cash Flow as a % of BV

100.00%

[1]

During the year ended September 30, 2014, we recorded an impairment charge of $0.1 million in our East segment. The community had less than 10 lots remaining to close at the time of the analysis and therefore, consistent with our policy, we did not prepare an undiscounted or discounted cash flow analysis related to this community.

Inventory - Results of Discounted Cash Flow Analysis (Details) (USD $)
In Thousands, unless otherwise specified

12 Months Ended

Sep. 30, 2014

Community

lot

Sep. 30, 2012

lot

Community

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

^[1]

Number of Lots Impaired

180

^[1]

246

Inventory Impairment, Results of Discounted Cash Flow Analysis

$ 5,321

^[1]

$ 9,547

Estimated Fair Value of Impaired Inventory at Period End

14,379

20,857

Continuing Operations

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

^[1]

Number of Lots Impaired

180

^[1]

246

Inventory Impairment, Results of Discounted Cash Flow Analysis

5,321

^[1]

9,487

Estimated Fair Value of Impaired Inventory at Period End

14,379

^[1]

20,857

Continuing Operations | West

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

Number of Lots Impaired

180

116

Inventory Impairment, Results of Discounted Cash Flow Analysis

4,948

3,902

Estimated Fair Value of Impaired Inventory at Period End

14,379

11,058

Continuing Operations | East

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

^[1]

Number of Lots Impaired

^[1]

Inventory Impairment, Results of Discounted Cash Flow Analysis

^[1]

4,316

Estimated Fair Value of Impaired Inventory at Period End

^[1]

7,342

Continuing Operations | Southeast

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

Number of Lots Impaired

Inventory Impairment, Results of Discounted Cash Flow Analysis

796

Estimated Fair Value of Impaired Inventory at Period End

2,457

Continuing Operations | Unallocated

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

Number of Lots Impaired

Inventory Impairment, Results of Discounted Cash Flow Analysis

373

473

Estimated Fair Value of Impaired Inventory at Period End

Discontinued Operations

Real Estate, Write-down or Reserve [Line Items]

Number of Communities Impaired

Number of Lots Impaired

Inventory Impairment, Results of Discounted Cash Flow Analysis

Estimated Fair Value of Impaired Inventory at Period End

$ 0

[1]

Inventory - Inventory Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	$ 200	$ 2,100
Inventory impairments and option contract abandonments	8,307	2,650	12,789
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Held for Development	5,421	59	9,487
Land Held for Sale	260	2,129	308
Lot Option Abandonments	2,626	445	2,415
Inventory impairments and option contract abandonments	8,307	2,633	12,210
Continuing Operations \| West
Real Estate, Write-down or Reserve [Line Items]
Held for Development	4,948	46	3,902
Land Held for Sale	0	228	0
Lot Option Abandonments	0	104	301
Continuing Operations \| East
Real Estate, Write-down or Reserve [Line Items]
Held for Development	100	13	4,316
Land Held for Sale	232	123	100
Lot Option Abandonments	131	20	1,320
Continuing Operations \| Southeast
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	0	796
Land Held for Sale	28	1,778	208
Lot Option Abandonments	2,495	321	792
Continuing Operations \| Unallocated
Real Estate, Write-down or Reserve [Line Items]
Held for Development	373	0	473
Lot Option Abandonments	0	0	2
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	0	60
Land Held for Sale	0	17	503
Lot Option Abandonments	0	0	16
Inventory impairments and option contract abandonments	$ 0	$ 17	$ 579

Inventory - Summary of Interests in Lot Option Agreements (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	$ 43,529	$ 37,313
Remaining Obligation	420,534	288,638
Land Not Owned - Under Option Agreements	3,857	9,124
Consolidated VIEs
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	941	4,491
Remaining Obligation	2,916	4,633
Land Not Owned - Under Option Agreements	3,857	9,124
Unconsolidated lot option agreements
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	42,588	32,822
Remaining Obligation	417,618	284,005
Land Not Owned - Under Option Agreements	$ 0	$ 0

Inventory - Narrative (Details) (USD $)

12 Months Ended

Sep. 30, 2014

home

Community

Sep. 30, 2013

home

Sep. 30, 2012

Community

Real Estate Properties [Line Items]

Impairment of Ongoing Project

$ 5,400,000

$ 59,000

Threshold Number of Homes Below a Minimum Threshold of Profitability

Number of subtantially completed homes not subject to a sales contract

205

113

Total value of substantially completed homes

48,000,000

30,700,000

Owned inventory

1,557,496,000

1,304,694,000

Number of communities impaired

^[1]

Deposits & Non-refundable Preacquisition Costs Incurred

43,529,000

37,313,000

Total remaining purchase price committed under all options

420,534,000

288,638,000

Minimum

Real Estate Properties [Line Items]

Discount rate

13.00%

11.20%

Maximum

Real Estate Properties [Line Items]

Discount rate

15.00%

17.00%

CALIFORNIA

Real Estate Properties [Line Items]

Owned inventory

426,100,000

388,100,000

East

Real Estate Properties [Line Items]

Owned inventory

417,628,000

361,218,000

Southeast

Real Estate Properties [Line Items]

Owned inventory

280,575,000

210,452,000

Discontinued Operations

Real Estate Properties [Line Items]

Number of communities impaired

Lot Option Abandonments

16,000

Discontinued Operations | East

Real Estate Properties [Line Items]

Impairment of Ongoing Project

100,000

^[1]

Threshold Number of Homes Below a Minimum Threshold of Profitability

Continuing Operations

Real Estate Properties [Line Items]

Number of communities impaired

^[1]

Lot Option Abandonments

2,626,000

445,000

2,415,000

Continuing Operations | East

Real Estate Properties [Line Items]

Impairment of Ongoing Project

100,000

^[1]

Threshold Number of Homes Below a Minimum Threshold of Profitability

Number of communities impaired

^[1]

Lot Option Abandonments

131,000

20,000

1,320,000

Continuing Operations | Southeast

Real Estate Properties [Line Items]

Number of communities impaired

Lot Option Abandonments

2,495,000

321,000

792,000

Wetlands Permitting Issue | Continuing Operations | Southeast

Real Estate Properties [Line Items]

Lot Option Abandonments

$ 1,700,000

[1]

Interest (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2010
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 52,562	$ 38,190		$ 45,973
Interest incurred	126,906	115,076	124,918
Capitalized interest impaired	(245)	0	(275)
Interest expense not qualified for capitalization and included as other expense	(50,784)	(59,458)	(71,474)
Capitalized interest amortized to house construction and land sales expenses	(40,820)	(41,246)	(60,952)
Capitalized interest in inventory, end of period	$ 87,619	$ 52,562	$ 38,190	$ 45,973

Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 59,413	$ 62,334
Less: Accumulated Depreciation	(40,740)	(45,334)
Property, plant and equipment, net	18,673	17,000
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,329	2,329
Model and sales office improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	25,334	23,046
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,197	4,212
Information systems
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	17,554	16,532
Furniture, fixtures and office equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,999	$ 16,215

Borrowings - Schedule of Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Senior Notes	Sep. 30, 2013 Senior Notes	Sep. 30, 2014 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2013 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2014 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2013 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2013 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2013 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2013 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2013 Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Feb. 01, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Senior Notes TEU Senior Amortizing Notes Maturing August 2015	Sep. 30, 2013 Senior Notes TEU Senior Amortizing Notes Maturing August 2015	Sep. 30, 2014 Junior Subordinated Notes	Sep. 30, 2013 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Sep. 30, 2014 Cash Secured Loans	Sep. 30, 2013 Cash Secured Loans	Sep. 30, 2014 Other Secured Notes Payable	Sep. 30, 2013 Other Secured Notes Payable
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)					8.125%	8.125%	6.625%	6.625%	9.125%	9.125%	9.125%	9.125%	5.75%	5.75%	7.50%	7.50%	7.25%	7.25%	7.25%					7.987%
Senior notes					$ 172,879	$ 172,879	$ 300,000	$ 300,000	$ 0	$ 298,000	$ 235,000	$ 235,000	$ 325,000	$ 0	$ 200,000	$ 200,000	$ 200,000	$ 200,000		$ 6,703	$ 16,141
Unamortized debt discounts	(4,399)	(5,160)	(4,399)	(5,160)																		(45,000)
Other debt																						55,737	53,670		22,368	22,368	22,145	19,285
Total debt, net	$ 1,535,433	$ 1,512,183	$ 1,435,183	$ 1,416,860

- 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 - Schedule of Future Debt Maturities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014
Debt Disclosure [Abstract]
2015	$ 15,636
2016	176,412
2017	25,901
2018	300,000
2019	566,145
Thereafter	500,773
Total	$ 1,584,867

Borrowings - Narrative (Details) (USD $)	3 Months Ended								12 Months Ended															12 Months Ended		12 Months Ended						12 Months Ended			12 Months Ended				3 Months Ended	12 Months Ended					12 Months Ended																			2 Months Ended
Borrowings - Narrative (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2014 Senior Notes	Sep. 30, 2013 Senior Notes	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2013 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2013 Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Feb. 01, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2013 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Jul. 18, 2012 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2013 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2013 Senior Notes 12% Senior Secured Notes Maturing October 2017	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2013 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Sep. 30, 2014 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2013 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2014 Senior Notes Tangible Equity Units	Jul. 17, 2012 Senior Notes Tangible Equity Units TEUs	Mar. 31, 2012 Senior Notes Tangible Equity Units TEUs	Sep. 30, 2014 Junior Subordinated Notes	Sep. 30, 2013 Junior Subordinated Notes	Jan. 15, 2010 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Jun. 30, 2011 Cash Secured Loans	Sep. 30, 2014 Cash Secured Loans loan_facility	Sep. 30, 2013 Cash Secured Loans	Nov. 30, 2010 Cash Secured Loans	Sep. 30, 2014 Other Secured Notes Payable	Sep. 30, 2013 Other Secured Notes Payable	Sep. 30, 2014 Secured Revolving Credit Facility lender	Sep. 30, 2013 Secured Revolving Credit Facility	Sep. 30, 2014 Letter of Credit	Sep. 30, 2013 Letter of Credit	Sep. 30, 2014 Minimum Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 Minimum Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Minimum Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Maximum Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 Maximum Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Maximum Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 In Compliance Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 In Compliance Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 In Compliance Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 In Compliance Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Optional Redemption Under Indenture Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Optional Redemption Under Indenture Senior Notes 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 Optional Redemption Under Indenture Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Optional Redemption Under Indenture Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Not In Compliance Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Dec. 31, 2014 Subsequent Event Secured Revolving Credit Facility lender
Line of Credit Facility [Abstract]
Credit facility borrowing capacity																																													$ 150,000,000		$ 180,900,000
Number of lenders																																													4																			3
Expiration period																																													1 year
Long-term Line of Credit, Noncurrent																																													130,000,000
Line of Credit, Current																																													20,000,000
Line of Credit Facility, Current Borrowing Capacity																																													150,000,000
Inventory assets pledged as collateral																																													1,000,000,000
Outstanding borrowings under Secured Revolving Credit Facility																																													0	0
Letters of credit secured using cash collateral																																															39,100,000	25,200,000
Senior Notes [Abstract]
Minimum consolidated tangible net worth	85,000,000								85,000,000
Debt Instrument, Original Percentage of Debt That Could Be Repurchased												10.00%
Debt Instrument, Original Amount of Debt That Could Be Repurchased												27,500,000
Consolidated Tangible Net Worth	255,200,000								255,200,000
Senior notes														325,000,000	0	200,000,000	200,000,000	200,000,000	200,000,000		300,000,000	300,000,000		0	298,000,000		235,000,000	235,000,000		172,879,000	172,879,000
Debt instrument stated interest rate (percent)														5.75%	5.75%	7.50%	7.50%	7.25%	7.25%	7.25%	6.625%	6.625%		9.125%	9.125%	12.00%	9.125%	9.125%	6.875%	8.125%	8.125%		7.50%					7.987%
Debt instrument redemption price (percent)														100.00%		100.00%		100.00%			100.00%								101.146%																				100.00%	100.00%	100.00%	105.625%	103.625%	103.313%	100.00%	101.00%	101.00%	101.00%	105.75%	107.50%	107.25%	106.625%	100.00%
Percent of original debt amount required to be offered for repurchase (percent)														35.00%		35.00%		35.00%			35.00%																																						65.00%	65.00%	65.00%	65.00%
Early Repayment of Senior Debt																								17,200,000
Beazer homes' ownership interest in guarantor subsidiaries	100.00%								100.00%
Aggregate principal amount of debt																200,000,000				200,000,000			300,000,000														75,000,000	103,100,000				32,600,000
Tangible Equity Units TEUs Converted																																890,000
Stock Exchange, Debt Related to Tangible Equity Unit																																2,400,000
Cash used for redemption of debt																										280,000,000
Outstanding debt that was redeemed or repurchased																								2,000,000				15,000,000												205,000,000	20,000,000
Aggregate purchase price of Senior Notes																											14,600,000
Loss on extinguishment of debt	0	19,764,000	153,000	0	998,000	0	3,638,000	0	19,917,000	4,636,000	45,097,000	3,600,000												(19,800,000)		(42,400,000)		(30,000)												(1,000,000)
Tangible Equity Units (TEUs) issued during period (units)																																	4,600,000	2,800,000
Installments as an annual cash payment percentage (percent)																98.541%
Junior Subordinated Notes [Abstract]
Effective period of debt instrument interest rate																																			10 years
Unamortized accretion	4,399,000				5,160,000				4,399,000	5,160,000		4,399,000	5,160,000																						45,000,000
Number of loan facilities																																								2
Three-month LIBOR																																								LIBOR
Spread on three-month LIBOR rate (percent)																																								0.40%
Secured Debt [Abstract]
Additional borrowings under cash secured loan facilities									325,000,000	397,082,000	300,000,000																												214,800,000
Long-term debt																										$ 250,000,000									$ 55,737,000	$ 53,670,000				$ 22,368,000	$ 22,368,000		$ 22,145,000	$ 19,285,000
Weighted average fixed interest rate of debt (percent)																																											4.07%

Income Taxes - Components of Income Tax Expense (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Current federal	$ (44,789)	$ (4,409)	$ (34,242)
Current state	322	(394)	(143)
Deferred federal	2,385	1,476	(5,964)
Deferred state	285	(162)	2
Total	$ (41,797)	$ (3,489)	$ (40,347)

- Definition

Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

- Definition

Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.

+ References+ Details

Income Taxes - Effective Income Tax Rate Reconciliation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Income tax computed at statutory rate	$ (2,406)	$ (12,479)	$ (61,590)
State income taxes, net of federal benefit	(172)	(684)	(6,055)
Valuation allowance - IRS Settlement	(26,846)	0	0
Valuation allowance - other	3,023	11,729	59,601
Changes for uncertain tax positions	(14,276)	(1,909)	(32,441)
IRS interest refund	(1,714)	0	0
Other, net	594	(146)	138
Total	$ (41,797)	$ (3,489)	$ (40,347)

Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Deferred tax assets:
Warranty and other reserves	$ 11,587	$ 11,559
Incentive compensation	18,993	17,368
Property, equipment and other assets	2,750	2,455
Federal and state tax carryforwards	357,146	383,508
Inventory adjustments	95,237	114,416
Uncertain tax positions	1,911	14,415
Other	3,923	3,052
Total deferred tax assets	491,547	546,773
Deferred tax liabilities:
Deferred revenues	(43,496)	(54,257)
Total deferred tax liabilities	(43,496)	(54,257)
Net deferred tax assets before valuation allowance	448,051	492,516
Valuation allowance	(445,228)	(487,263)
Net deferred tax assets	$ 2,823	$ 5,253

Income Taxes - Narrative (Details) (USD $)	12 Months Ended
Income Taxes - Narrative (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Income Tax Disclosure [Line Items]
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	$ 14,300,000
Federal net operating loss carryforwards	266,900,000
State net operating loss carryforwards	76,700,000
Alternative minimum tax credit	9,800,000
Deferred Tax Assets, Tax Credit Carryforwards, General Business	3,800,000
Deferred tax asset valuation allowance	445,228,000	487,263,000
Increase (decrease) in unrecognized tax benefits	(9,900,000)	(15,200,000)
Gross deferred tax assets	491,547,000	546,773,000
Deferred tax assets, net	2,823,000	5,253,000
Unrecognized tax benefits	4,616,000	17,464,000	19,630,000	46,648,000
Accrued interest and penalties	400,000	2,600,000
Significant (Increase) Decrease in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	4,000,000
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority	26,800,000
IRS interest refund	(1,714,000)	0	0
Tax refunds received	33,271,000	6,730,000	2,568,000
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
Gross deferred tax assets	40,900,000
Certain components likely to be subject to annual limitation
Income Tax Disclosure [Line Items]
Gross deferred tax assets	40,905,000
Certain components likely to be subject to annual limitation \| Maximum
Income Tax Disclosure [Line Items]
Deferred tax assets, net	440,100,000
Certain components likely to be subject to annual limitation \| Minimum
Income Tax Disclosure [Line Items]
Gross deferred tax assets	7,900,000
Deferred tax assets, net	407,100,000
Excise Tax Refund
Income Tax Disclosure [Line Items]
Tax refunds received	$ 300,000

Income Taxes - Classification of Deferred Tax Assets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Line Items]
Total deferred tax assets	$ 491,547	$ 546,773
Deferred tax liabilities	(43,496)	(54,257)
Net deferred tax assets before valuation allowance	448,051	492,516
Valuation allowance	(445,228)	(487,263)
Deferred tax assets, net	2,823	5,253
Subject to annual limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	102,207
Generally not subject to annual limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	348,435
Certain components likely to be subject to annual limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	$ 40,905

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 17,464	$ 19,630	$ 46,648
Additions for (reductions in) tax positions related to current year	150	(1,620)	903
Additions for tax positions related to prior years	1,365	0	0
Reductions for tax positions of prior years	(14,201)	0	(27,181)
Lapse of statute of limitations	(162)	(546)	(740)
Balance at end of year	$ 4,616	$ 17,464	$ 19,630

Contingencies - Warranty (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 11,663	$ 15,477	$ 17,916
Accruals for warranties issued	6,087	5,897	6,540
Changes in liability related to warranties existing in prior periods	9,836	(2,856)	(2,677)
Payments made	(11,502)	(6,855)	(6,302)
Balance at end of period	$ 16,084	$ 11,663	$ 15,477

Contingencies - Narrative (Details) (USD $)	12 Months Ended		3 Months Ended					12 Months Ended
Contingencies - Narrative (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Specific Warranty Issue	Sep. 30, 2014 Performance Bonds	Sep. 30, 2014 Letter of Credit	Sep. 30, 2013 Letter of Credit	Sep. 30, 2014 DPA Liability	Sep. 30, 2014 First Order New Jersey Department of Environmental Protection - Violation of Permit acre	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	Sep. 30, 2014 Minimum	Sep. 30, 2014 Maximum
Loss Contingencies [Line Items]
Standard product warranty period											1 year	2 years
Product Warranty Expense			$ 4,900,000
Company's Liability Under Deferred Prosecution Agreement, Percentage of Company's Adjusted EBITDA	4.00%
Loss Contingency, Range of Possible Loss, Maximum	48,000,000
Loss Contingency, Damages Paid, Value	22,700,000							125,000
Area of Land								35
Accrued amounts for litigation and other contingent liabilities	13,400,000	19,900,000					2,100,000
Loss Contingency, Damages Sought, Value								250,000	630,000	678,000
Letters of credit secured using cash collateral					39,100,000	25,200,000
Cash collateral in restricted accounts securing letters of credit				$ 221,100,000
Standard Product Warranty Description			P7Y

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) (Fair Value, Measurements, Nonrecurring, USD $)
In Thousands, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available-for-sale marketable equity securities

$ 24,765

Deferred compensation plan assets

Development projects in progress

^[1]

Land held for sale

^[1]

Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available-for-sale marketable equity securities

Deferred compensation plan assets

517

653

Development projects in progress

^[1]

Land held for sale

^[1]

Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available-for-sale marketable equity securities

Deferred compensation plan assets

Development projects in progress

14,379

^[1],[2]

^[1]

Land held for sale

4,117

^[1]

4,072

^[1]

Total

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Available-for-sale marketable equity securities

24,765

Deferred compensation plan assets

517

653

Development projects in progress

14,379

^[1]

Land held for sale

$ 4,117

^[1]

$ 4,072

^[1]

[1]	Measured at fair value on a non-recurring basis.
[2]	During the year ended September 30, 2014, we recorded an impairment charge of $0.1 million in our East segment. The community had less than 10 lots remaining to close at the time of the analysis and therefore, consistent with our policy, we did not prepare an undiscounted or discounted cash flow analysis related to this community.

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 1,435,183	$ 1,416,860
Junior Subordinated Notes	55,736	53,670
Long-term Debt, Fair Value	1,490,919	1,470,530
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,462,899	1,469,904
Junior Subordinated Notes	55,736	53,670
Long-term Debt, Fair Value	$ 1,518,635	$ 1,523,574

Fair Value Measurements - Narrative (Details) (USD $)	12 Months Ended
Fair Value Measurements - Narrative (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Fair Value Disclosures [Abstract]
Impairment of projects in process	$ 5,400,000	$ 59,000
Impairment of land held for sale	200,000	2,100,000
Impairment of joint venture investments		181,000
Unrealized loss related to available-for-sale securities	$ (1,276,000)	$ 0	$ 0

Leases (Details) (USD $)	12 Months Ended
Leases (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Rental expense	$ 5,400,000	$ 4,900,000	$ 5,900,000
2015	3,407,000
2016	3,002,000
2017	2,008,000
2018	1,045,000
2019	598,000
Thereafter	19,000
Total	$ 10,079,000

Stockholders' Equity (Details) (USD $)	0 Months Ended	12 Months Ended				12 Months Ended			12 Months Ended				3 Months Ended		0 Months Ended	3 Months Ended			12 Months Ended
Stockholders' Equity (Details) (USD $)	Jul. 17, 2012	Sep. 30, 2014 offering	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2012	Sep. 30, 2014 TEU Senior Amortizing Notes Maturing August 2015	Sep. 30, 2014 TEU Senior Amortizing Notes Maturing August 2015 Senior Notes	Sep. 30, 2013 TEU Senior Amortizing Notes Maturing August 2015 Senior Notes	Sep. 30, 2014 Tangible Equity Units Senior Notes	Jul. 17, 2012 Tangible Equity Units Senior Notes TEUs	Mar. 31, 2012 Tangible Equity Units Senior Notes TEUs	Sep. 30, 2014 7.5% Senior Amortizing Note Maturing July 15, 2015	Mar. 31, 2012 7 1/2% Mandatory Convertible Subordinated Notes Convertible Subordinated Debt	Sep. 30, 2014 7 1/2% Mandatory Convertible Subordinated Notes Convertible Subordinated Debt	Jul. 17, 2012 Common Stock	Sep. 30, 2014 Common Stock	Mar. 31, 2013 Common Stock	Mar. 31, 2012 Common Stock	Sep. 30, 2014 Common Stock	Sep. 30, 2013 Common Stock	Sep. 30, 2014 Range 1 TEU Senior Amortizing Notes Maturing August 2015	Sep. 30, 2014 Range 2 TEU Senior Amortizing Notes Maturing August 2015	Sep. 30, 2014 Range 3 TEU Senior Amortizing Notes Maturing August 2015
Class of Stock [Line Items]
Authorized number of shares		63,000,000	63,000,000	100,000,000
Equity Instrument Convertible Number of Equity Instruments									3,700,000
Shares of common stock exchanged for the 2010 TEUs																156,975				2,800,000
Tangible Equity Units (TEUs) issued during period (units)										4,600,000	2,800,000
Debt instrument stated interest rate (percent)										7.50%		7.50%
Percentage of original issuance of 2010 TEUs that were exchanged					94.00%
Amortizing notes outstanding							$ 6,703,000	$ 16,141,000
Number of common stock exchanged for debt (shares)																	408,790	2,200,000
Value of convertible debt exchanged for common stock													48,100,000
Long-term debt														9,400,000
Number of shares in underwritten public offering (shares)															4,400,000
Proceeds from issuance of TEU prepaid stock purchase contracts	171,400,000
Number of offerings		2
Number of shares surrendered by emloyees (shares)		23,602	6,147	9,156
Aggregate value of stock surrendered		$ 450,000	$ 121,000	$ 126,000
382 Ownership Limitation		4.95%
Stock Issued During Period, Shares, Conversion of Units																			1,368,108
Debt Instrument, Convertible, Conversion Ratio						1.5372															1.72414	1.40746	25.00
Tangible Equity Units TEUs Converted									890,000												115,433	1,252,675
Debt Instrument, Convertible, Stock Price Trigger																					$ 14.50	$ 17.75
Debt Instrument, Convertible, Number of Equity Instruments									5,200,000
Common Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001

Retirement Plan and Incentive Awards (Details) (USD $)	12 Months Ended
Retirement Plan and Incentive Awards (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 1,200,000
Employer matching contribution (percentage)	50.00%
Maximum percentage of employee gross pay subject to employer match	6.00%
Deferred Compensation Plan, Annual Vesting Percent	100.00%
Deferred Compensation Arrangement with Individual, Requisite Service Period	5 years
Total employer contributions during period	2,000,000	1,100,000	1,300,000
Total matching contributions forfeited by plan participants during period	400,000	500,000	300,000
Deferred compensation plan liabilities	24,270,000	25,579,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	600,000
Intrinsic value of SSARs/stock options vested and expected to vest	1,200,000
Unrecognized compensation cost	10,000,000	1,000,000
Weighted average period to recognize remaining cost	3 years 7 months 6 days
SSARs and Stock Options
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average expected life of the SSARs / stock options vested and expected to vest	2 years 7 months 6 days
Non-cash stock based compensation expense	800,000	900,000	1,500,000
Performance-based restricted stock issued	161,010	160,651	109,507
Dividend yield for the Company	0.00%	0.00%	0.00%
Expected price volatitlity	45.99%	46.15%	44.77%
Risk-free interest rate	1.42%	0.63%	0.90%
Performance Shares
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Performance-based restricted stock issued	28,690
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Estimated fair value of nonvested stock ($ per share)	$ 15.90
Dividend yield for the Company	0.00%
Risk-free interest rate	0.66%
Nonvested Stock Awards and Performance Shares
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Non-cash stock based compensation expense	1,800,000	2,000,000	2,600,000
Performance-based restricted stock issued	595,567	99,413	179,913
Estimated fair value of nonvested stock ($ per share)	$ 18.68	$ 10.95	$ 7.19
Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee deferral and contribution percentage	1.00%
Minimum \| Performance Shares
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected price volatitlity	35.00%
Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employee deferral and contribution percentage	80.00%
Maximum \| Performance Shares
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected price volatitlity	59.10%
Beazer Homes USA Inc. Deferred Compensation Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Deferred compensation plan assets	500,000	700,000
Deferred compensation plan liabilities	2,500,000	2,300,000
Deferred compensation plan employer contributions during period	$ 212,000	$ 215,000	$ 205,000
2010 Stock Incentive Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Shares of common stock reserved for issuance under plan	2,300,000
Shares of common stock available for future grants	1,600,000

Retirement Plan and Incentive Awards - Schedule of Assumptions for Stock Options Granted (Details) (SSARs and Stock Options, USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
SSARs and Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of options	5 years 1 month 6 days	5 years	5 years
Expected volatility	45.99%	46.15%	44.77%
Expected discrete dividends	0.00%	0.00%	0.00%
Weighted average risk-free interest rate	1.42%	0.63%	0.90%
Weighted average fair value	$ 7.97	$ 5.48	$ 4.30

Retirement Plan and Incentive Awards - Schedule of Stock Options and SSARs Outstanding and Related Activity (Details) (SSARs and Stock Options, USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
SSARs and Stock Options
Shares [Roll Forward]
Outstanding at beginning of period	560,784	429,973	375,248
Granted	161,010	160,651	109,507
Exercised	(2,788)	(681)	0
Expired	(55,811)	(22,914)	(10,948)
Forfeited	(12,972)	(6,245)	(43,834)
Outstanding at end of period	650,223	560,784	429,973
Exercisable at end of period	355,703	310,120	247,588
Vested or expected to vest in the future	649,773	558,519	428,597
Weighted-Average Exercise Price [Roll Forward]
Outstanding at beginning of period	$ 33.01	$ 48.80	$ 48.85
Granted	$ 19.11	$ 13.56	$ 10.80
Exercised	$ 14.29	$ 10.80	$ 0.00
Expired	$ 170.32	$ 47.65	$ 82.51
Forfeited	$ 19.85	$ 17.93	$ 24.13
Outstanding at end of period	$ 18.12	$ 33.01	$ 48.80
Exercisable at end of period	$ 19.74	$ 48.73	$ 58.61
Vested or expected to vest in the future	$ 18.12	$ 33.09	$ 40.88

Retirement Plan and Incentive Awards - Schedule of Stock Options and SSARs Outstanding and Exercisable (Details) (SSARs and Stock Options, USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options / SSARs outstanding (shares)	650,233
Stock options / SSARs outstanding - weighted average contractual remaining life	2 years 10 months 17 days
Stock options / SSARs outstanding - weighted average exercise price ($ per share)	$ 18.12	$ 33.01	$ 48.80	$ 48.85
Stock options / SSARs exercisable (shares)	355,703
Stock options / SSARs exercisable - weightedaverage contyractual remaining life	3 years 0 months 7 days
Stock options / SSARs exercisable - weighted average exercise price ($ per share)	$ 19.74	$ 48.73	$ 58.61
$1 - $15
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options / SSARs - exercise price range, lower limit	$ 1
Stock options / SSARs - exercise price range, upper limit	$ 15
Stock options / SSARs outstanding (shares)	255,747
Stock options / SSARs outstanding - weighted average contractual remaining life	5 years 8 months 16 days
Stock options / SSARs outstanding - weighted average exercise price ($ per share)	$ 12.28
Stock options / SSARs exercisable (shares)	120,644
Stock options / SSARs exercisable - weightedaverage contyractual remaining life	5 years 6 months 15 days
Stock options / SSARs exercisable - weighted average exercise price ($ per share)	$ 11.85
$15 - $20
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options / SSARs - exercise price range, lower limit	$ 16
Stock options / SSARs - exercise price range, upper limit	$ 20
Stock options / SSARs outstanding (shares)	250,826
Stock options / SSARs outstanding - weighted average contractual remaining life	5 years 2 months 23 days
Stock options / SSARs outstanding - weighted average exercise price ($ per share)	$ 19.30
Stock options / SSARs exercisable (shares)	92,224
Stock options / SSARs exercisable - weightedaverage contyractual remaining life	1 year 11 months 27 days
Stock options / SSARs exercisable - weighted average exercise price ($ per share)	$ 19.61
$21 - $75
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options / SSARs - exercise price range, lower limit	$ 21
Stock options / SSARs - exercise price range, upper limit	$ 75
Stock options / SSARs outstanding (shares)	143,660
Stock options / SSARs outstanding - weighted average contractual remaining life	2 years 10 months 6 days
Stock options / SSARs outstanding - weighted average exercise price ($ per share)	$ 26.48
Stock options / SSARs exercisable (shares)	142,835
Stock options / SSARs exercisable - weightedaverage contyractual remaining life	2 years 9 months 29 days
Stock options / SSARs exercisable - weighted average exercise price ($ per share)	$ 26.44
$1 - $75
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options / SSARs - exercise price range, lower limit	$ 1
Stock options / SSARs - exercise price range, upper limit	$ 75

Retirement Plan and Incentive Awards - Schedule of Nonvested Stock Awards and Performance Shares (Details) (Nonvested Stock Awards and Performance Shares, USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Nonvested Stock Awards and Performance Shares
Shares [Roll Forward]
Beginning of period	280,416	323,335	288,079
Granted	595,567	99,413	179,913
Vested	(113,320)	(126,124)	(88,497)
Forfeited	(16,096)	(16,208)	(56,160)
End of period	746,567	280,416	323,335
Weighted-Average Grant Date Fair Value ($ per share) [Roll Forward]
Beginning of period	$ 12.32	$ 19.61	$ 33.85
Granted	$ 18.68	$ 10.95	$ 7.19
Vested	$ 22.55	$ 27.59	$ 34.20
Forfeited	$ 15.93	$ 30.57	$ 29.97
End of period	$ 15.76	$ 12.32	$ 19.61

Segment Information (Details) (USD $)

3 Months Ended

12 Months Ended

Sep. 30, 2014

state

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

segment

state

Sep. 30, 2013

Sep. 30, 2012

Segment Reporting Information [Line Items]

Number of operating segments

Number of states with active operations

Revenue

Revenue

$ 545,905,000

$ 354,671,000

$ 270,021,000

$ 293,170,000

$ 438,334,000

$ 314,439,000

$ 287,902,000

$ 246,902,000

$ 1,463,767,000

$ 1,287,577,000

$ 1,005,677,000

Operating income (loss)

Operating income (loss)

23,452,000

15,088,000

5,617,000

11,532,000

22,079,000

8,472,000

311,000

(3,601,000)

55,689,000

27,261,000

(62,058,000)

Depreciation and amortization

Depreciation and amortization

13,279,000

12,784,000

13,510,000

Capital Expenditures

Capital Expenditures

14,553,000

10,761,000

17,363,000

Assets

Assets

2,066,220,000

1,986,789,000

2,066,220,000

1,986,789,000

Operating Segments

Operating income (loss)

Operating income (loss)

145,423,000

122,784,000

38,885,000

Depreciation and amortization

Depreciation and amortization

11,244,000

10,467,000

10,556,000

West

Revenue

Revenue

556,741,000

547,636,000

391,648,000

Operating income (loss)

Operating income (loss)

65,442,000

59,084,000

15,147,000

Depreciation and amortization

Depreciation and amortization

5,722,000

5,305,000

4,980,000

Capital Expenditures

Capital Expenditures

6,660,000

4,835,000

3,031,000

Assets

Assets

756,575,000

680,346,000

756,575,000

680,346,000

East

Revenue

Revenue

552,082,000

483,685,000

402,466,000

Operating income (loss)

Operating income (loss)

48,127,000

40,670,000

9,152,000

Depreciation and amortization

Depreciation and amortization

3,447,000

3,479,000

3,536,000

Capital Expenditures

Capital Expenditures

3,050,000

1,915,000

3,532,000

Assets

Assets

433,032,000

369,937,000

433,032,000

369,937,000

Southeast

Revenue

Revenue

354,944,000

256,256,000

210,449,000

Operating income (loss)

Operating income (loss)

31,854,000

23,030,000

14,815,000

Depreciation and amortization

Depreciation and amortization

2,075,000

1,683,000

1,710,000

Capital Expenditures

Capital Expenditures

2,979,000

1,311,000

1,814,000

Assets

Assets

299,215,000

228,814,000

299,215,000

228,814,000

Pre-Owned Segment

Revenue

Revenue

1,114,000

Operating income (loss)

Operating income (loss)

(229,000)

Depreciation and amortization

Depreciation and amortization

330,000

Capital Expenditures

Capital Expenditures

^[1]

7,933,000

^[1]

Corporate and unallocated

Operating income (loss)

Operating income (loss)

(89,734,000)

^[2]

(95,523,000)

^[2]

(100,943,000)

^[2]

Depreciation and amortization

Depreciation and amortization

2,035,000

^[2]

2,317,000

^[2]

2,954,000

^[2]

Capital Expenditures

Capital Expenditures

1,864,000

2,700,000

1,053,000

Assets

Assets

577,398,000

^[3]

707,692,000

^[3]

577,398,000

^[3]

707,692,000

^[3]

$ 11,000,000

[1]	Capital expenditures represent the purchase of previously owned homes through May 2, 2012.
[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, treasury, corporate finance, legal, branding and other national marketing costs. For the fiscal year ended September 30, 2012, corporate and unallocated also includes an $11 million recovery related to old water intrusion warranty and related legal expenditures.
[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 - Consolidating Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Condensed Financial Statements, Captions [Line Items]
Beazer homes' ownership interest in guarantor subsidiaries	100.00%
ASSETS
Cash and cash equivalents	$ 324,154	$ 504,459	$ 487,795	$ 370,403
Restricted cash	62,941	48,978
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	34,429	22,342
Income tax receivable	46	2,813
Owned inventory	1,557,496	1,304,694
Land not owned under option agreements	3,857	9,124
Investments in marketable securities and unconsolidated entities	38,341	44,997
Deferred tax assets, net	2,823	5,253
Property, plant and equipment, net	18,673	17,000
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	23,460	27,129
Total assets	2,066,220	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	106,237	83,800
Other liabilities	142,516	145,623
Intercompany	0	0
Obligations related to land not owned under option agreements	2,916	4,633
Total debt (net of discounts of $4,399 and $5,160, respectively)	1,535,433	1,512,183
Total liabilities	1,787,102	1,746,239
Stockholders’ equity	279,118	240,550	262,247	198,380
Total liabilities and stockholders’ equity	2,066,220	1,986,789
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	301,980	499,341	481,394	360,723
Restricted cash	61,945	47,873
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	0	0
Income tax receivable	46	2,813
Owned inventory	0	0
Land not owned under option agreements	0	0
Investments in marketable securities and unconsolidated entities	773	773
Deferred tax assets, net	2,823	5,253
Property, plant and equipment, net	0	0
Investments in subsidiaries	253,540	123,600
Intercompany	1,195,349	1,088,949
Other assets	17,226	19,602
Total assets	1,833,682	1,788,204
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	38,871	52,009
Intercompany	2,405	2,747
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $4,399 and $5,160, respectively)	1,513,288	1,492,898
Total liabilities	1,554,564	1,547,654
Stockholders’ equity	279,118	240,550
Total liabilities and stockholders’ equity	1,833,682	1,788,204
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	22,034	6,324	8,215	10,488
Restricted cash	996	1,105
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	34,428	22,339
Income tax receivable	0	0
Owned inventory	1,557,496	1,304,694
Land not owned under option agreements	3,857	9,124
Investments in marketable securities and unconsolidated entities	37,568	44,224
Deferred tax assets, net	0	0
Property, plant and equipment, net	18,673	17,000
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	6,144	7,147
Total assets	1,681,196	1,411,957
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	106,237	83,800
Other liabilities	102,833	92,384
Intercompany	1,196,823	1,091,792
Obligations related to land not owned under option agreements	2,916	4,633
Total debt (net of discounts of $4,399 and $5,160, respectively)	22,145	19,285
Total liabilities	1,430,954	1,291,894
Stockholders’ equity	250,242	120,063
Total liabilities and stockholders’ equity	1,681,196	1,411,957
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	1,614	1,637	646	418
Restricted cash	0	0
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	1	3
Income tax receivable	0	0
Owned inventory	0	0
Land not owned under option agreements	0	0
Investments in marketable securities and unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property, plant and equipment, net	0	0
Investments in subsidiaries	0	0
Intercompany	2,405	2,747
Other assets	90	380
Total assets	4,110	4,767
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	812	1,230
Intercompany	0	0
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $4,399 and $5,160, respectively)	0	0
Total liabilities	812	1,230
Stockholders’ equity	3,298	3,537
Total liabilities and stockholders’ equity	4,110	4,767
Consolidating Adjustments
ASSETS
Cash and cash equivalents	(1,474)	(2,843)	(2,460)	(1,226)
Restricted cash	0	0
Accounts receivable (net of allowance of $1,245 and $1,651, respectively)	0	0
Income tax receivable	0	0
Owned inventory	0	0
Land not owned under option agreements	0	0
Investments in marketable securities and unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property, plant and equipment, net	0	0
Investments in subsidiaries	(253,540)	(123,600)
Intercompany	(1,197,754)	(1,091,696)
Other assets	0	0
Total assets	(1,452,768)	(1,218,139)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(1,199,228)	(1,094,539)
Obligations related to land not owned under option agreements	0	0
Total debt (net of discounts of $4,399 and $5,160, respectively)	0	0
Total liabilities	(1,199,228)	(1,094,539)
Stockholders’ equity	(253,540)	(123,600)
Total liabilities and stockholders’ equity	$ (1,452,768)	$ (1,218,139)

Supplemental Guarantor Information - Consolidating Balance Sheet Information Parentheticals (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Allowances for accounts receivable	$ 1,245	$ 1,651
Discounts on total debt	$ 4,399	$ 5,160

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

3 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Condensed Financial Statements, Captions [Line Items]

Total revenue

$ 545,905,000

$ 354,671,000

$ 270,021,000

$ 293,170,000

$ 438,334,000

$ 314,439,000

$ 287,902,000

$ 246,902,000

$ 1,463,767,000

$ 1,287,577,000

$ 1,005,677,000

Home construction and land sales expenses

1,192,001,000

1,070,814,000

888,379,000

Inventory impairments and option contract abandonments

5,386,000

2,010,000

880,000

31,000

404,000

2,025,000

204,000

8,307,000

2,633,000

12,210,000

Gross profit

87,813,000

^[1]

68,804,000

^[1]

52,172,000

^[1]

54,670,000

^[1]

80,046,000

^[1]

54,115,000

^[1]

43,885,000

^[1]

36,084,000

^[1]

263,459,000

214,130,000

105,088,000

Commissions

58,028,000

52,922,000

43,585,000

General and administrative expenses

136,463,000

121,163,000

110,051,000

Depreciation and amortization

13,279,000

12,784,000

13,510,000

Operating income (loss)

23,452,000

15,088,000

5,617,000

11,532,000

22,079,000

8,472,000

311,000

(3,601,000)

55,689,000

27,261,000

(62,058,000)

Equity in income (loss) of unconsolidated entities

6,545,000

(113,000)

304,000

Loss on extinguishment of debt

(19,764,000)

(153,000)

(998,000)

(3,638,000)

(19,917,000)

(4,636,000)

(45,097,000)

Other expense, net

(49,191,000)

(58,165,000)

(69,119,000)

Loss from continuing operations before income taxes

(6,874,000)

(35,653,000)

(175,970,000)

Benefit from income taxes

(41,797,000)

(3,489,000)

(40,347,000)

Equity in income of subsidiaries

Income (loss) from continuing operations

60,288,000

^[2]

(13,193,000)

^[2]

(8,224,000)

^[2]

(3,948,000)

^[2]

11,328,000

^[2]

(5,442,000)

^[2]

(19,111,000)

^[2]

(18,939,000)

^[2]

34,923,000

(32,164,000)

(135,623,000)

Loss from discontinued operations, net of tax

(540,000)

(1,704,000)

(9,703,000)

Equity in loss of subsidiaries

Net income (loss)

34,383,000

(33,868,000)

(145,326,000)

Unrealized loss related to available-for-sale securities

(1,276,000)

Comprehensive income (loss)

33,107,000

(33,868,000)

(145,326,000)

Beazer Homes USA, Inc.

Condensed Financial Statements, Captions [Line Items]

Total revenue

Home construction and land sales expenses

39,255,000

41,246,000

60,952,000

Inventory impairments and option contract abandonments

245,000

275,000

Gross profit

(39,500,000)

(41,246,000)

(61,227,000)

Commissions

General and administrative expenses

Depreciation and amortization

Operating income (loss)

(39,500,000)

(41,246,000)

(61,227,000)

Equity in income (loss) of unconsolidated entities

Loss on extinguishment of debt

(19,917,000)

(4,636,000)

(45,097,000)

Other expense, net

(50,786,000)

(59,458,000)

(71,474,000)

Loss from continuing operations before income taxes

(110,203,000)

(105,340,000)

(177,798,000)

Benefit from income taxes

(14,247,000)

(10,765,000)

(68,026,000)

Equity in income of subsidiaries

130,879,000

62,411,000

(25,851,000)

Income (loss) from continuing operations

34,923,000

(32,164,000)

(135,623,000)

Loss from discontinued operations, net of tax

Equity in loss of subsidiaries

(540,000)

(1,704,000)

(9,703,000)

Net income (loss)

34,383,000

(33,868,000)

(145,326,000)

Unrealized loss related to available-for-sale securities

(1,276,000)

Comprehensive income (loss)

33,107,000

(33,868,000)

(145,326,000)

Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

Total revenue

1,463,767,000

1,287,577,000

1,005,677,000

Home construction and land sales expenses

1,153,125,000

1,030,304,000

828,368,000

Inventory impairments and option contract abandonments

8,062,000

2,633,000

11,935,000

Gross profit

302,580,000

254,640,000

165,374,000

Commissions

58,028,000

52,922,000

43,585,000

General and administrative expenses

136,349,000

121,035,000

109,937,000

Depreciation and amortization

13,279,000

12,784,000

13,510,000

Operating income (loss)

94,924,000

67,899,000

(1,658,000)

Equity in income (loss) of unconsolidated entities

6,545,000

(113,000)

304,000

Loss on extinguishment of debt

Other expense, net

1,600,000

1,278,000

2,328,000

Loss from continuing operations before income taxes

103,069,000

69,064,000

974,000

Benefit from income taxes

(27,642,000)

7,058,000

27,380,000

Equity in income of subsidiaries

Income (loss) from continuing operations

130,711,000

62,006,000

(26,406,000)

Loss from discontinued operations, net of tax

(532,000)

(1,736,000)

(9,695,000)

Equity in loss of subsidiaries

Net income (loss)

130,179,000

60,270,000

(36,101,000)

Unrealized loss related to available-for-sale securities

Comprehensive income (loss)

130,179,000

60,270,000

(36,101,000)

Non-Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

Total revenue

379,000

736,000

941,000

Home construction and land sales expenses

Inventory impairments and option contract abandonments

Gross profit

379,000

736,000

941,000

Commissions

General and administrative expenses

114,000

128,000

114,000

Depreciation and amortization

Operating income (loss)

265,000

608,000

827,000

Equity in income (loss) of unconsolidated entities

Loss on extinguishment of debt

Other expense, net

(5,000)

15,000

27,000

Loss from continuing operations before income taxes

260,000

623,000

854,000

Benefit from income taxes

92,000

218,000

299,000

Equity in income of subsidiaries

Income (loss) from continuing operations

168,000

405,000

555,000

Loss from discontinued operations, net of tax

(8,000)

32,000

(8,000)

Equity in loss of subsidiaries

Net income (loss)

160,000

437,000

547,000

Unrealized loss related to available-for-sale securities

Comprehensive income (loss)

160,000

437,000

547,000

Consolidating Adjustments

Condensed Financial Statements, Captions [Line Items]

Total revenue

(379,000)

(736,000)

(941,000)

Home construction and land sales expenses

(379,000)

(736,000)

(941,000)

Inventory impairments and option contract abandonments

Gross profit

Commissions

General and administrative expenses

Depreciation and amortization

Operating income (loss)

Equity in income (loss) of unconsolidated entities

Loss on extinguishment of debt

Other expense, net

Loss from continuing operations before income taxes

Benefit from income taxes

Equity in income of subsidiaries

(130,879,000)

(62,411,000)

25,851,000

Income (loss) from continuing operations

(130,879,000)

(62,411,000)

25,851,000

Loss from discontinued operations, net of tax

Equity in loss of subsidiaries

540,000

1,704,000

9,703,000

Net income (loss)

(130,339,000)

(60,707,000)

35,554,000

Unrealized loss related to available-for-sale securities

Comprehensive income (loss)

$ (130,339,000)

$ (60,707,000)

$ 35,554,000

[1]	(a)Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:(In thousands) Fiscal 2014 Fiscal 20131st Quarter $31 $2042nd Quarter 880 2,0253rd Quarter 2,010 —4th Quarter 5,386 404 $8,307 $2,633
[2]	Net (loss) income from continuing operations in fiscal 2014 and 2013 includes loss on extinguishment of debt (as follows). (In thousands) Fiscal 2014 Fiscal 20131st Quarter $— $—2nd Quarter (153) (3,638)3rd Quarter (19,764) —4th Quarter — (998) $(19,917) $(4,636)

Supplemental Guarantor Information - Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ (160,469)	$ (174,642)	$ (20,845)
Cash flows from investing activities:
Capital expenditures	(14,553)	(10,761)	(17,363)
Investments in unconsolidated entities	(5,218)	(3,879)	(2,407)
Return of capital from unconsolidated entities	1,703	510	610
Increases in restricted cash	(15,608)	(4,790)	(3,260)
Decreases in restricted cash	1,645	209,072	27,058
Advances to/from subsidiaries	0
Net cash (used in) provided by investing activities	(32,031)	190,152	4,638
Cash flows from financing activities:
Repayment of debt	(307,602)	(184,723)	(290,387)
Proceeds from issuance of new debt	325,000	397,082	300,000
Repayment of cash secured loans	0	(205,000)	(20,000)
Debt issuance costs	(5,490)	(5,548)	(10,845)
Proceeds from issuance of common stock, net	0	0	60,340
Proceeds from issuance of TEU prepaid stock purchase contracts, net	0	0	88,361
Proceeds from issuance of TEU amortizing notes	0	0	23,500
Settlement of unconsolidated entity debt obligation	0	(500)	(15,862)
Other changes	287	(157)	(1,508)
Dividends paid			0
Advances to/from parent	0	0	0
Cash and cash equivalents at beginning of period	504,459	487,795	370,403
Cash and cash equivalents at end of period	324,154	504,459	487,795
Net cash provided by financing activities	12,195	1,154	133,599
(Decrease) increase in cash and cash equivalents	(180,305)	16,664	117,392
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(119,074)	(89,306)	(110,429)
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	(14,111)	(3,460)	(2,100)
Decreases in restricted cash	39	208,487	25,919
Advances to/from subsidiaries	(78,951)
Net cash (used in) provided by investing activities	(93,023)	205,027	23,819
Cash flows from financing activities:
Repayment of debt	(305,061)	(184,250)	(289,063)
Proceeds from issuance of new debt	325,000	397,082	300,000
Repayment of cash secured loans		(205,000)	(20,000)
Debt issuance costs	(5,490)	(5,548)	(10,845)
Proceeds from issuance of common stock, net			60,340
Proceeds from issuance of TEU prepaid stock purchase contracts, net			88,361
Proceeds from issuance of TEU amortizing notes			23,500
Settlement of unconsolidated entity debt obligation		0	(15,862)
Other changes	287	(157)	(1,508)
Dividends paid			2,300
Advances to/from parent	0	(99,901)	70,058
Cash and cash equivalents at beginning of period	499,341	481,394	360,723
Cash and cash equivalents at end of period	301,980	499,341	481,394
Net cash provided by financing activities	14,736	(97,774)	207,281
(Decrease) increase in cash and cash equivalents	(197,361)	17,947	120,671
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(41,429)	(86,300)	88,806
Cash flows from investing activities:
Capital expenditures	(14,553)	(10,761)	(17,363)
Investments in unconsolidated entities	(5,218)	(3,879)	(2,407)
Return of capital from unconsolidated entities	1,703	510	610
Increases in restricted cash	(1,497)	(1,330)	(1,160)
Decreases in restricted cash	1,606	585	1,139
Advances to/from subsidiaries	0
Net cash (used in) provided by investing activities	(17,959)	(14,875)	(19,181)
Cash flows from financing activities:
Repayment of debt	(2,541)	(473)	(1,324)
Proceeds from issuance of new debt	0	0	0
Repayment of cash secured loans		0	0
Debt issuance costs	0	0	0
Proceeds from issuance of common stock, net			0
Proceeds from issuance of TEU prepaid stock purchase contracts, net			0
Proceeds from issuance of TEU amortizing notes			0
Settlement of unconsolidated entity debt obligation		(500)	0
Other changes	0	0	0
Dividends paid			0
Advances to/from parent	77,639	100,257	(70,574)
Cash and cash equivalents at beginning of period	6,324	8,215	10,488
Cash and cash equivalents at end of period	22,034	6,324	8,215
Net cash provided by financing activities	75,098	99,284	(71,898)
(Decrease) increase in cash and cash equivalents	15,710	(1,891)	(2,273)
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	34	964	778
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	0	0	0
Decreases in restricted cash	0	0	0
Advances to/from subsidiaries	0
Net cash (used in) provided by investing activities	0	0	0
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt	0	0	0
Repayment of cash secured loans		0	0
Debt issuance costs	0	0	0
Proceeds from issuance of common stock, net			0
Proceeds from issuance of TEU prepaid stock purchase contracts, net			0
Proceeds from issuance of TEU amortizing notes			0
Settlement of unconsolidated entity debt obligation		0	0
Other changes	0	0	0
Dividends paid			(2,300)
Advances to/from parent	(57)	27	1,750
Cash and cash equivalents at beginning of period	1,637	646	418
Cash and cash equivalents at end of period	1,614	1,637	646
Net cash provided by financing activities	(57)	27	(550)
(Decrease) increase in cash and cash equivalents	(23)	991	228
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0	0	0
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	0	0	0
Decreases in restricted cash	0	0	0
Advances to/from subsidiaries	78,951
Net cash (used in) provided by investing activities	78,951	0	0
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt	0	0	0
Repayment of cash secured loans		0	0
Debt issuance costs	0	0	0
Proceeds from issuance of common stock, net			0
Proceeds from issuance of TEU prepaid stock purchase contracts, net			0
Proceeds from issuance of TEU amortizing notes			0
Settlement of unconsolidated entity debt obligation		0	0
Other changes	0	0	0
Dividends paid			0
Advances to/from parent	(77,582)	(383)	(1,234)
Cash and cash equivalents at beginning of period	(2,843)	(2,460)	(1,226)
Cash and cash equivalents at end of period	(1,474)	(2,843)	(2,460)
Net cash provided by financing activities	(77,582)	(383)	(1,234)
(Decrease) increase in cash and cash equivalents	$ 1,369	$ (383)	$ (1,234)

Discontinued Operations (Details) (USD $)
In Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

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

Home construction and land sales expenses

$ 1,192,001

$ 1,070,814

$ 888,379

Inventory impairments and option contract abandonments

5,386

2,010

880

404

2,025

204

8,307

2,633

12,210

Gross profit

87,813

^[1]

68,804

^[1]

52,172

^[1]

54,670

^[1]

80,046

^[1]

54,115

^[1]

43,885

^[1]

36,084

^[1]

263,459

214,130

105,088

Commissions

58,028

52,922

43,585

General and administrative expenses

136,463

121,163

110,051

Depreciation and amortization

13,279

12,784

13,510

Operating income (loss)

23,452

15,088

5,617

11,532

22,079

8,472

311

(3,601)

55,689

27,261

(62,058)

Other expense, net

(49,191)

(58,165)

(69,119)

Benefit from income taxes

(41,797)

(3,489)

(40,347)

Loss from discontinued operations, net of tax

(540)

(1,704)

(9,703)

Discontinued Operations

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

Total revenue

3,864

288

6,029

Home construction and land sales expenses

4,768

(319)

6,057

Inventory impairments and option contract abandonments

579

Gross profit

(904)

590

(607)

Commissions

217

General and administrative expenses

(351)

^[2]

2,566

^[2]

9,206

^[2]

Depreciation and amortization

Operating income (loss)

(553)

(1,976)

(10,065)

Other expense, net

(38)

Loss from discontinued operations before income taxes

(545)

(1,899)

(10,103)

Benefit from income taxes

(5)

(195)

(400)

Loss from discontinued operations, net of tax

$ (540)

$ (1,704)

$ (9,703)

[1]	(a)Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:(In thousands) Fiscal 2014 Fiscal 20131st Quarter $31 $2042nd Quarter 880 2,0253rd Quarter 2,010 —4th Quarter 5,386 404 $8,307 $2,633
[2]	General and administrative expenses for the fiscal year ended September 30, 2012 primarily includes expense for the wind-down of our NW Florida operations, legal fees and potential liability related to outstanding litigation and other matters in Denver, Colorado and legal fees and other expenses related to BMC's settlement agreements related to our prior mortgage operations.

Selected Quarterly Financial Data (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Quarterly Financial Information Disclosure [Abstract]

Total revenue

$ 545,905

$ 354,671

$ 270,021

$ 293,170

$ 438,334

$ 314,439

$ 287,902

$ 246,902

$ 1,463,767

$ 1,287,577

$ 1,005,677

Gross profit

87,813

^[1]

68,804

^[1]

52,172

^[1]

54,670

^[1]

80,046

^[1]

54,115

^[1]

43,885

^[1]

36,084

^[1]

263,459

214,130

105,088

Operating income (loss)

23,452

15,088

5,617

11,532

22,079

8,472

311

(3,601)

55,689

27,261

(62,058)

Income (loss) from continuing operations

60,288

^[2]

(13,193)

^[2]

(8,224)

^[2]

(3,948)

^[2]

11,328

^[2]

(5,442)

^[2]

(19,111)

^[2]

(18,939)

^[2]

34,923

(32,164)

(135,623)

Basic earnings (loss) per share from continuing operations

$ 2.28

$ (0.50)

$ (0.32)

$ (0.16)

$ 0.46

$ (0.22)

$ (0.78)

$ 1.35

$ (1.30)

$ (7.34)

Diluted earnings (loss) per share from continuing operations

$ 1.90

$ (0.50)

$ (0.32)

$ (0.16)

$ 0.36

$ (0.22)

$ (0.78)

$ 1.10

$ (1.30)

$ (7.34)

Loss on extinguishment of debt

(19,764)

(153)

(998)

(3,638)

(19,917)

(4,636)

(45,097)

Inventory impairments and option contract abandonments

$ 5,386

$ 2,010

$ 880

$ 31

$ 404

$ 0

$ 2,025

$ 204

$ 8,307

$ 2,633

$ 12,210

[1]	(a)Gross profit in fiscal 2014 and 2013 includes inventory impairment and option contract abandonments as follows:(In thousands) Fiscal 2014 Fiscal 20131st Quarter $31 $2042nd Quarter 880 2,0253rd Quarter 2,010 —4th Quarter 5,386 404 $8,307 $2,633
[2]	Net (loss) income from continuing operations in fiscal 2014 and 2013 includes loss on extinguishment of debt (as follows). (In thousands) Fiscal 2014 Fiscal 20131st Quarter $— $—2nd Quarter (153) (3,638)3rd Quarter (19,764) —4th Quarter — (998) $(19,917) $(4,636)

- Definition

Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests.

+ References+ Details

- Definition

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details