Document and Entity Information	6 Months Ended
Document and Entity Information	Mar. 31, 2015	Apr. 29, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	BEAZER HOMES USA INC
Entity Central Index Key	0000915840
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		27,448,589

Unaudited Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
ASSETS
Cash and cash equivalents	$ 146,261	$ 324,154
Restricted cash	43,169	62,941
Accounts receivable (net of allowance of $1,305 and $1,245, respectively)	35,880	34,429
Income tax receivable	46	46
Inventory:
Owned inventory	1,757,036	1,557,496
Land not owned under option agreements	0	3,857
Total inventory	1,757,036	1,561,353
Investments in marketable securities and unconsolidated entities	10,372	38,341
Deferred tax assets, net	46	2,823
Property, plant and equipment, net	21,153	18,673
Other assets	18,290	23,460
Total assets	2,032,253	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	100,844	106,237
Other liabilities	137,435	142,516
Obligations related to land not owned under option agreements	0	2,916
Total debt (net of discounts of $4,019 and $4,399, respectively)	1,535,172	1,535,433
Total liabilities	1,773,451	1,787,102
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, 27,434,097 issued and outstanding and 27,173,421 issued and outstanding, respectively)	27	27
Paid-in capital	854,368	851,624
Accumulated deficit	(595,593)	(571,257)
Accumulated other comprehensive loss	0	(1,276)
Total stockholders’ equity	258,802	279,118
Total liabilities and stockholders’ equity	$ 2,032,253	$ 2,066,220

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
ASSETS
Allowances for accounts receivable	$ 1,305	$ 1,245
LIABILITIES AND STOCKHOLDERS’ EQUITY
Discounts on total debt	$ 4,019	$ 4,399
Preferred stock, par value (in US$ per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in US$ per share)	$ 0.001	$ 0.001
Common stock, shares authorized	63,000,000	63,000,000
Common stock, shares issued	27,434,097	27,173,421
Common stock, shares outstanding	27,434,097	27,173,421

Unaudited Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Total revenue	$ 299,359	$ 270,021	$ 565,123	$ 563,191
Home construction and land sales expenses	245,446	216,969	475,992	455,438
Inventory impairments and option contract abandonments	0	880	0	911
Gross profit	53,913	52,172	89,131	106,842
Commissions	11,969	11,096	22,895	22,917
General and administrative expenses	32,727	32,628	64,168	61,038
Depreciation and amortization	2,781	2,831	5,122	5,738
Operating income (loss)	6,436	5,617	(3,054)	17,149
Equity in income (loss) of unconsolidated entities	82	(17)	224	302
Loss on extinguishment of debt	0	(153)	0	(153)
Other expense, net	(8,473)	(13,727)	(17,907)	(29,484)
(Loss) income before income taxes	(1,955)	(8,280)	(20,737)	(12,186)
Provision for (benefit from) income taxes	105	(56)	(591)	(14)
Loss from continuing operations	(2,060)	(8,224)	(20,146)	(12,172)
Income (loss) from discontinued operations, net of tax	64	253	(4,190)	(937)
Net loss	(1,996)	(7,971)	(24,336)	(13,109)
Weighted average number of shares:
Basic and Diluted (shares)	26,480	25,320	26,469	25,163
Basic and Diluted (loss) income per share:
Continuing operations (in US dollars per share)	$ (0.08)	$ (0.32)	$ (0.76)	$ (0.48)
Discontinuing operations (in US dollars per share)	$ 0.00	$ 0.01	$ (0.16)	$ (0.04)
Total (in US dollars per share)	$ (0.08)	$ (0.31)	$ (0.92)	$ (0.52)
Change in unrealized loss related to available-for-sale securities	1,070	0	1,276	0
Comprehensive loss	$ (926)	$ (7,971)	$ (23,060)	$ (13,109)

Unaudited Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	$ (24,336)	$ (13,109)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	5,122	5,738
Stock-based compensation expense	2,916	1,266
Inventory impairments and option contract abandonments	0	911
Deferred and other income tax benefit	(763)	(79)
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)	60	(373)
Equity in loss (income) of marketable securities and unconsolidated entities	1,606	(302)
Cash distributions of income from marketable securities and unconsolidated entities	34	512
Loss on extinguishment of debt	0	153
Changes in operating assets and liabilities:
Increase in accounts receivable	(1,511)	(6,196)
Increase in inventory	(181,765)	(156,876)
Decrease in other assets	2,779	3,488
Decrease in trade accounts payable	(5,393)	(11,909)
Decrease in other liabilities	(1,541)	(11,037)
Other changes	(124)	(239)
Net cash used in operating activities	(202,916)	(188,052)
Cash flows from investing activities:
Capital expenditures	(7,478)	(6,641)
Investments in unconsolidated entities	(1,670)	(3,193)
Return of Capital from marketable securities and unconsolidated entities	24,211	0
Increases in restricted cash	(2,487)	(2,588)
Decreases in restricted cash	22,259	801
Net cash provided by (used in) investing activities	34,835	(11,621)
Cash flows from financing activities:
Repayment of debt	(9,514)	(4,747)
Debt issuance costs	(126)	(26)
Payments of Dividends	0
Other financing activities	(172)	(393)
Net cash used in financing activities	(9,812)	(5,166)
Decrease in cash and cash equivalents	(177,893)	(204,839)
Cash and cash equivalents at beginning of period	324,154	504,459
Cash and cash equivalents at end of period	$ 146,261

Description of Business Description of Business	6 Months Ended
Description of Business Description of Business	Mar. 31, 2015
Description of Business [Abstract]
Business Description and Basis of Presentation	Description of Business Beazer Homes USA, Inc. (''we," "us," "our," "Beazer," "Beazer Homes," and the "Company") 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 15 states within three geographic regions in the United States: the West, East and Southeast. Our homes are designed to appeal to homeowners at different price points across various demographic segments and are generally offered for sale in advance of their construction. Our objective is to provide our customers with homes that incorporate exceptional value and quality while seeking to maximize our return on invested capital over the course of a housing cycle.

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Such financial statements do not include all of the information and disclosures required by GAAP for complete financial statements. In our opinion, all adjustments (consisting primarily of normal recurring accruals) necessary for a fair presentation have been included in the accompanying financial statements. The results of our consolidated operations presented herein for the three and six months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full year due to seasonal variations in operations and other items. For further information and a discussion of our significant accounting policies other than as discussed below, refer to Note 1 to our audited consolidated financial statements appearing in Beazer Homes’ Annual Report on Form 10-K for the fiscal year ended September 30, 2014 (the 2014 Annual Report). Over the past few years, we have discontinued homebuilding operations in certain of our markets. Results from our title services business and our exited markets are reported as discontinued operations in the accompanying unaudited 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 for accounting treatment and disclosure. Basis of Consolidation. These unaudited consolidated financial statements present the consolidated financial position, income, comprehensive income and cash flows of the Company and our subsidiaries. Intercompany balances have been eliminated in consolidation. Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make informed estimates and judgments that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Accordingly, actual results could differ from these estimates. Inventory Valuation. We assess our inventory assets no less than quarterly for recoverability in accordance with the policies as described in Notes 1 and 4 to the consolidated financial statements in our 2014 Annual Report. Our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities. Homebuilding inventories held for development are stated at cost (including direct construction costs, capitalized indirect costs, capitalized interest and real estate taxes) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. For those communities for which construction and development activities are expected to occur in the future or have been idled (land held for future development), all applicable interest and real estate taxes are expensed as incurred and the inventory is stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. We record assets held for sale at the lower of the carrying value or fair value less costs to sell. Recent Accounting Pronouncements. Revenue from Contracts with Customers. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 requires companies to recognize revenue at an amount that the entity expects to be entitled to upon transferring control of goods or services to a customer, as opposed to when risks and rewards transfer to a customer under the existing revenue recognition guidance. The FASB has tentatively decided to defer for one year the effective date of ASU 2014-09, which would make the guidance effective for the Company's first fiscal year beginning after December 15, 2017. Additionally, the FASB also tentatively decided to permit entities to early adopt the standard, which allows for either full retrospective or modified retrospective methods of adoption, for reporting periods beginning after December 15, 2016. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements. Presentation of Debt Issuance Costs. In April 2015, the FASB issued ASU 2015-03, Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires debt issuance costs to be presented on the balance sheet as a direct deduction from the related debt liability, similar to the presentation of debt discounts or premiums. The costs will continue to be amortized to interest expense using the effective interest method. ASU 2015-03 requires retrospective application to all prior periods presented in the financial statements. Upon transition, an entity is required to comply with the applicable disclosures for a change in accounting principle. The guidance within ASU 2015-03 will be effective for the Company's first fiscal year beginning after December 15, 2015, but we have the option of adopting the new requirements as of an earlier date. We are evaluating the impact of ASU 2015-03, but only expect our balance sheet presentation of debt issuance costs to change as a result. Refer to Note 9 for a discussion of our adoption of ASU 2013-11 pertaining to the presentation of an unrecognized tax benefit when a net operating loss carryforward, or similar tax loss, or a tax credit carryforward exists.

- 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

6 Months Ended

Mar. 31, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information



	Six Months Ended
	March 31,
(In thousands)	2015			2014
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(2,916	)	$	(1,486	)
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	—			(2,376		)
Non-cash land acquisitions ^(a)	12,904			16,833
Supplemental disclosure of cash activity:
Interest payments	59,702			60,396
Income tax payments	98			103

^(a) For the six months ended March 31, 2015, non-cash land acquisitions are comprised of $7.8 million related to non-cash seller financing and $5.1 million in lot takedowns from one of our unconsolidated land development joint ventures.

Investments in Marketable Securities and Unconsolidated Entities

6 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Joint Ventures

Investments in Marketable Securities and Unconsolidated Entities

Marketable Securities

During the fourth quarter of fiscal 2014, the Company acquired shares of American Homes 4 Rent (AMH) in exchange for the Company's interest in a real estate investment trust (REIT). The shares represented marketable equity securities with a readily available fair value and were classified as available for sale securities. In March 2015, the Company sold the shares and recorded a loss of $1.8 million, which has been recorded within other expense, net in our unaudited consolidated statements of income. Of this loss, $1.1 million had been previously recorded to other comprehensive loss in prior periods, representing the change in fair value of these securities while held. The proceeds received on the sale of the shares of AMH was recorded within investing activities in our unaudited consolidated financial statements of cash flows. Due to the valuation allowance we established for substantially all of our deferred tax assets, the sale of these securities did not have any income tax impact in any period presented.

Unconsolidated Entities

As of March 31, 2015, we participated in certain land development joint ventures and other unconsolidated entities in which Beazer Homes had less than a controlling interest. The following table presents our investment in these unconsolidated entities, as well as the total equity and outstanding borrowings of these unconsolidated entities as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Beazer’s investment in unconsolidated entities	$	10,372	$	13,576
Total equity of unconsolidated entities	36,773		59,336
Total outstanding borrowings of unconsolidated entities	10,537		11,254

For the three and six months ended March 31, 2015 and 2014, there were no impairments related to our investments in these unconsolidated entities. Our equity in income from unconsolidated entity activities is as follows for the periods presented:



	Three Months Ended					Six Months Ended
	March 31,					March 31,
(In thousands)	2015		2014			2015		2014
Equity in income of unconsolidated entities - continuing operations	$	82	$	(17	)	$	224	$	302

South Edge/Inspirada

During the fiscal year ended September 30, 2014, we and the other members of Inspirada received land in exchange for our investments in Inspirada. 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

Historically, Beazer and our land development joint venture partners provide varying levels of guarantees of debt and other debt-related obligations for these unconsolidated entities. However, as of March 31, 2015 and September 30, 2014, we had no outstanding guarantees or other debt-related obligations related to our investments in unconsolidated entities.

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 three and six months ended March 31, 2015 and 2014, we were not required to make any payments related to environmental indemnities.

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

Inventory

6 Months Ended

Mar. 31, 2015

Real Estate [Abstract]

Inventory

The components of owned inventory are as follows as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Homes under construction	$	395,726	$	282,095
Development projects in progress	849,644		786,768
Land held for future development	270,518		301,048
Land held for sale	64,929		51,672
Capitalized interest	112,476		87,619
Model homes	63,743		48,294
Total owned inventory	$	1,757,036	$	1,557,496

Homes under construction include homes substantially finished and ready for delivery and homes in various stages of construction. We had 115 (with a cost of $29.3 million) and 205 (with a cost of $48.0 million) substantially completed homes that were not subject to a sales contract (spec homes) at March 31, 2015 and September 30, 2014, 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 customer 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 amount of interest we are able to capitalize is dependent upon our qualified inventory balance, which considers the status of our inventory holdings. Our qualified inventory balance includes the majority of our homes under construction and development projects in progress, but excludes land held for future development and land held for sale (refer to Note 6 for additional information on capitalized interest). Land held for sale is recorded at the lower of the carrying value or fair value less costs to sell. Total owned inventory, by reportable segment, is presented in the table below as of March 31, 2015 and September 30, 2014:



(In thousands)	Projects in Progress			Held for Future Development		Land Held for Sale		Total Owned Inventory
March 31, 2015
West Segment	$	576,985		$	230,362	$	10,088	$	817,435
East Segment	392,952			29,215		33,048		455,215
Southeast Segment	292,380			10,941		19,931		323,252
Unallocated and Other	159,272		^(a)	—		1,862		161,134
Total	$	1,421,589		$	270,518	$	64,929	$	1,757,036
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 and Other	123,566		^(a)	—		2,295		125,861
Total	$	1,204,776		$	301,048	$	51,672	$	1,557,496

^(a) Includes capitalized interest and indirect costs that are maintained within our Corporate Segment.

Inventory Impairments. When conducting our community level review for the recoverability of our homebuilding held for development inventories, 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. 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. Market deterioration that exceeds our initial estimates may lead us to incur impairment charges on previously impaired homebuilding assets in addition to homebuilding assets not currently impaired but for which indicators of impairment may arise if markets deteriorate.

For the quarter ended March 31, 2015, one community in our West segment was on our quarterly watch list as compared to four communities for the quarter ended March 31, 2014. After additional financial and operational review, we determined that the factors contributing to profit margins below our threshold were temporary in nature, and therefore all but one of the communities for the quarters ended March 31, 2015 and 2014 were not subjected to further analysis. For all communities on our watch list, there were no impairments recorded during the three and six months ended March 31, 2015 or 2014 related to our analyses. A summary of our community level review for the recoverability of our homebuilding held for development inventories is as follows for the periods presented:



(In thousands)		Undiscounted Cash Flow Analyses Prepared
Segment	# of Communities on Watch List	# of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV
Quarter Ended March 31, 2015
West	1	—	$	—	—	%
Total	1	—
Quarter Ended March 31, 2014
West	1	—	$	—	—	%
East	1	—	—		—	%
Southeast	2	1	7,478		107.9	%
Total	4	1

Impairments on land held for sale generally 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. 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.

From time to time, we also determine the proper course of action with respect to a community is to not exercise an option and to write-off the deposit securing the option takedown and the related 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 the 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.

The following table presents, by reportable homebuilding segment, our land held for sale inventory impairments and lot option abandonment charges for the periods presented:




	Three Months Ended March 31,				Six Months Ended March 31,
(In thousands)	2015		2014		2015		2014
Continuing Operations:
Land Held for Sale
East	$	—	$	—	$	—	$	31
Southeast	—		28		—		28
Subtotal	$	—	$	28	$	—	$	59
Lot Option Abandonments
Southeast	$	—	$	852	$	—	$	852
Total Continuing Operations	$	—	$	880	$	—	$	911

Lot Option Agreements and Variable Interest Entities (VIEs). 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 specified 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 paid. We expect to exercise, subject to market conditions and seller satisfaction of contract terms, most of our remaining option contracts. Various factors, some of which are beyond our control, such as market conditions, weather conditions and the timing of the completion of development activities, will have a significant impact on the timing of option exercises or whether lot options will be exercised at all.

We have consolidated all VIEs for which we are the primary beneficiary. For those we 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. 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 unaudited consolidated balance sheets. Consolidation of these VIEs has no impact on the Company’s statements of income or cash flows.

The following provides a summary of our interests in lot option agreements as of March 31, 2015 and September 30, 2014:



(In thousands)	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation		Land Not Owned Under Option Agreements
As of March 31, 2015
Unconsolidated lot option agreements	$	54,778	$	438,441	$	—
Total lot option agreements	$	54,778	$	438,441	$	—
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

- Definition

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

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Interest

6 Months Ended

Mar. 31, 2015

Real Estate [Abstract]

Interest

Our ability to capitalize interest incurred during the three and six months ended March 31, 2015 and 2014 was limited by our inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:



	Three Months Ended March 31,						Six Months Ended March 31,
(In thousands)	2015			2014			2015			2014
Capitalized interest in inventory, beginning of period	$	99,868		$	61,836		$	87,619		$	52,562
Interest incurred	30,259			32,458			60,542			64,899
Interest expense not qualified for capitalization and included as other expense ^(a)	(7,695		)	(14,659		)	(17,442		)	(30,691		)
Capitalized interest amortized to house construction and land sales expenses ^(b)	(9,956		)	(7,379		)	(18,243		)	(14,514		)
Capitalized interest in inventory, end of period	$	112,476		$	72,256		$	112,476		$	72,256

^(a) The amount of interest we are able to capitalize is dependent upon our qualified inventory balance, which considers the status of our inventory holdings. Our qualified inventory balance includes the majority of our homes under construction and development projects in progress, but excludes land held for future development and land held for sale.

^(b)Capitalized interest amortized to house construction and land sale expenses varies based on the number of homes closed during the period and land sales, if any.

Earnings Per Share	6 Months Ended
Earnings Per Share	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share In computing diluted loss per share for the three and six months ended March 31, 2015 and 2014, all common stock equivalents were excluded from the computation of diluted loss per share as a result of their anti-dilutive effect. For the quarter ended March 31, 2015, these excluded common stock equivalents were comprised of options/stock-settled appreciation rights (SSARs) to purchase 0.7 million shares of common stock, 1.0 million shares of nonvested restricted stock and 5.3 million shares issuable upon the conversion of our Tangible Equity Unit (TEU) prepaid stock purchase contracts (PSPs). As of March 31, 2015, there were approximately 3.7 million TEUs outstanding (including $3.4 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 as of March 31, 2015 based on the stipulations of the underlying agreements, we would have been required to issue approximately 5.3 million shares of common stock to the instrument holders upon conversion.

- Definition

The entire disclosure for earnings per share.

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Borrowings

6 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Borrowings

As of March 31, 2015 and September 30, 2014, we had the following long-term debt, net of discounts:



(In thousands)	Maturity Date	March 31, 2015			September 30, 2014
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	May 2019	235,000			235,000
5 3/4% Senior Notes	June 2019	325,000			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	3,401			6,703
Unamortized debt discounts		(4,019		)	(4,399		)
Total Senior Notes, net		$	1,432,261		$	1,435,183
Junior Subordinated Notes	July 2036	56,770			55,737
Cash Secured Loans	November 2017	22,368			22,368
Other secured notes payable	Various Dates	23,773			22,145
Total debt, net		$	1,535,172		$	1,535,433

Secured Revolving Credit Facility — Our $150 million Secured Revolving Credit Facility (the 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 date of the Facility by one additional year. With this amendment, $130 million of the $150 million capacity 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. The Facility allows us to issue letters of credit against the $150 million in total capacity. Subject to our option to cash collateralize our obligations under the Facility upon certain conditions, our obligations under the Facility are secured by liens on substantially all of our personal property and a significant portion of our owned real properties. We have also pledged approximately $1 billion of inventory assets to the Facility to collateralize potential future borrowings or letters of credit. As of March 31, 2015, we had $26.6 million in letters of credit outstanding, leaving us with $123.4 million in remaining capacity under the Facility; however, there were no borrowings under the Facility as of March 31, 2015 or September 30, 2014. The Facility contains certain covenants, including negative covenants and financial maintenance covenants, with which we are required to comply. As of March 31, 2015, we were in compliance with all such covenants.

Letter of Credit Facilities — We have entered into additional 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. As of March 31, 2015 and September 30, 2014, we have letters of credit outstanding under these additional facilities of $16.0 million and $39.1 million, respectively, all of which are secured by cash collateral in restricted accounts. The Company may enter into additional arrangements to provide further 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 Facility. Each guarantor subsidiary is a 100% owned subsidiary of Beazer Homes.

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. Compliance with our Senior Note covenants does not significantly impact our operations. We were in compliance with the covenants contained in the indentures of all of our Senior Notes as of March 31, 2015.

Our Senior Notes due 2016 (the 2016 Notes) contain the most restrictive covenants, including the consolidated tangible net worth covenant, which states that should our 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 March 31, 2015, our consolidated tangible net worth was $238.1 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 provision 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 on April 8, 2014 under an indenture (June 2019 Indenture) 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 and accrued and unpaid interest to, but excluding, the redemption date. In addition, at any time on or prior to June 15, 2017, we may redeem up to 35% of the aggregate principal amount of the 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 then outstanding Senior Notes due June 2018 (the June 2018 Notes), including the applicable $17.2 million make-whole premium. We recognized a loss on debt extinguishment of the June 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 June 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 September 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 provision through 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 on September 30, 2013 under an indenture (2021 Indenture) 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 and 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 the 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 7.25% 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. 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. In August 2013, we exchanged 100% of the 2023 Notes for notes that are freely transferable and registered under the Securities Act of 1933.

The 2023 Notes were issued on February 1, 2013 under an indenture (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 2023 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 and 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%.

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 the Facility and our 6.625% Senior Secured Notes due April 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.

Senior Notes: Tangible Equity Units — In July 2012, we issued 4.6 million 7.5% TEUs (the 2012 TEUs), which were comprised of 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 unsecured indebtedness. Outstanding notes require quarterly payments 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 7 for more information related to this exchange and the future PSP settlement.

Junior Subordinated Notes — Unsecured junior subordinated notes (Junior Subordinated Notes) in the amount of $103.1 million 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 rate as defined in the Junior Subordinated Notes Indenture. The obligations relating to these notes and the related securities are subordinated to the Facility and Senior Notes. In January 2010, we modified the terms of $75.0 million of these notes and recorded them at their estimated fair value. Over the remaining life of the Junior Subordinated Notes, we will increase their carrying value until this carrying value equals the face value of the notes. As of March 31, 2015, the unamortized accretion was $44.0 million and will be amortized over the remaining life of the notes.

As of March 31, 2015, we were in compliance with all covenants under our Junior Subordinated Notes.

Cash Secured Loans — We have two separate cash secured loan facilities with $22.4 million outstanding as of March 31, 2015. Borrowing under the cash secured loan facilities will replenish cash used to repay or repurchase the Company’s debt and would be considered “refinancing indebtedness” under certain of the Company’s existing indentures and debt covenants. However, because the loans are fully collateralized by cash equal to the loan amount, the loans do not provide liquidity to the Company.

The loans mature in November 2017; however, the lenders of these facilities may put the outstanding loan balances to the Company at the two or four year anniversaries of the loans. Borrowings under the facilities are fully secured by cash held by the lender or its affiliates. This secured cash is reflected as restricted cash on our unaudited consolidated balance sheet as of March 31, 2015 and September 30, 2014. The cash secured loans have a maximum interest rate equivalent to LIBOR plus 0.4% per annum which is paid every three months following the effective date of each borrowing.

Other Secured Notes Payable — We periodically acquire land through the issuance of notes payable. As of March 31, 2015 and September 30, 2014, we had outstanding notes payable of $23.8 million and $22.1 million, respectively, primarily related to land acquisitions. These notes payable have varying expiration dates between 2016 and 2019 and have a weighted average fixed interest rate of 4.69% as of March 31, 2015. These notes are secured by the real estate to which they relate.

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

- Definition

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

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Income Taxes

6 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

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"), to provide guidance on the presentation of unrecognized tax benefits. ASU 2013-11 requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, 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 limited exceptions. ASU 2013-11 was effective for annual reporting periods beginning on or after December 15, 2013 and interim periods within those annual periods. The Company adopted this guidance in the quarter ended December 31, 2014 with no significant impact to our financial statements.

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 2011 through 2012 were agreed to with the IRS Appeals Office and approved by the Joint Committee on Taxation in the first quarter of fiscal year 2015. 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 our fiscal year 2007 and subsequent years. As of March 31, 2015, it is reasonably possible that up to $3.2 million of our total uncertain tax positions will reverse within the next twelve months, primarily due to the expiration of statutes of limitation in various jurisdictions.

As of both March 31, 2015 and September 30, 2014, we had $0.4 million of accrued interest and penalties related to our unrecognized tax benefits.

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 NOLs 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. Due to the Section 382 limitation and the maximum carryforward period of our NOLs, we will be unable to fully recognize certain deferred tax assets. 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 remove any applicable deferred tax asset and corresponding valuation allowance.

Accordingly, a portion of our $477.1 million of total gross deferred tax assets, of which a significant amount relates to accrued losses on our inventory, may be unavailable due to the limitation imposed by Section 382. As of March 31, 2015, 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, we estimate that between $392.7 million and $425.6 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.

Considering the limitation imposed by Section 382, the table below depicts the classifications of our deferred tax assets as of March 31, 2015:



(In thousands)	March 31, 2015
Deferred tax assets:
Subject to annual limitation	$	102,207
Generally not subject to annual limitation	333,959
Certain components likely to be subject to annual limitation	40,905
Total deferred tax assets	477,071
Deferred tax liabilities	(43,496		)
Net deferred tax assets before valuation allowance	433,575
Valuation allowance	(433,529		)
Net deferred tax assets	$	46

Based upon an evaluation of all available evidence, we established a valuation allowance for substantially all of our deferred tax assets during our fiscal 2008. As of March 31, 2015, we continued 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 March 31, 2015. The Company's deferred tax asset valuation allowance was $433.5 million and $445.2 million as of March 31, 2015 and September 30, 2014, respectively. In future periods, we expect to reduce all or a portion of our valuation allowance, generating a non-cash tax benefit, if sufficient positive evidence is present indicating that it is more likely than not that 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.

- 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.

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Contingencies

6 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Beazer Homes and certain of our 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 from 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.

Our homebuilding work is performed by subcontractors that typically must agree to indemnify us with regard to their work and provide us with certificates of insurance demonstrating that they have met our insurance requirements and that we are named as an additional insured under their policies. Therefore, many claims relating to workmanship and materials that result in warranty spending are the primary responsibility of these subcontractors. In addition, we maintain insurance coverage relating to our construction efforts that can result in recoveries of warranty and construction defect costs above certain specified limits.

Warranty reserves are included in other liabilities and the provision for warranty accruals is included in home construction expenses in our unaudited 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 included in our historical data and trends. While we adjust our estimated warranty liabilities each reporting period to the extent required as a result of our quarterly analyses, historical data and trends may not accurately predict actual warranty costs which could lead to a significant change in the reserve.

Changes in our warranty reserves are as follows for the periods presented:



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Balance at beginning of period	$	27,227		$	11,911		$	16,084		$	11,663
Accruals for warranties issued ^(a)	1,630			1,047			3,155			2,170
Changes in liability related to warranties existing in prior periods ^(b)	6,524			1,480			20,754			3,223
Payments made	(6,587		)	(1,877		)	(11,199		)	(4,495		)
Balance at end of period	$	28,794		$	12,561		$	28,794		$	12,561

^(a) Accruals for warranties issued is a function of the number of home closings in the period, the average selling prices of the homes and the rates of accrual per home estimated as a percentage of the selling price of the home. The increase in the amount of accrual in the current three-month and six-month periods compared to the comparable prior-year periods is due to an increase in the average selling prices of homes closed in the respective periods, as well as increases in certain divisions' accrual rates.

^(b) Changes in liability related to warranties existing in prior periods increased in the current three-month and six-month periods primarily due to charges related to water intrusion issues in certain of our communities located in Florida. Refer to separate discussion of these issues below.

Florida and New Jersey Water Intrusion Issues

In the latter portion of fiscal 2014, we experienced an increase in calls from homeowners reporting stucco and water intrusion issues in certain of our communities in Florida and New Jersey. Through March 31, 2015, we have cumulatively recorded $22.8 million in charges related to these issues, of which $22.2 million related to communities in Florida and $0.6 million related to one community in New Jersey. Refer to discussion below for further detail of the charges by period.

Florida. The issues in Florida related to stucco installation in several communities ("the Florida stucco issues"). Through September 30, 2014, we had identified a total of 135 homes that we believed were likely to require more than minor repairs and recorded an associated warranty charge of $4.3 million. We had resolved repairs on 11 of those homes resulting in payments of $0.3 million. We consider warranty-related repairs for homes to be resolved when all repairs are complete and all repair costs are fully paid. As of September 30, 2014, our warranty liability included $4.0 million for the amount of estimated repair costs for the remaining 124 homes, as well as an estimate of repair costs for homes that were likely to be identified in the future. At that time, we believed the issues were isolated to a limited number of specific house plans in several specific communities.

During the first quarter of fiscal 2015, with many homeowners seeing an increased level of warranty-related activities occurring in their communities, the number of stucco and water-related warranty calls in Florida increased significantly. This led us to expand the scope of our inspections, including to homes and communities from which no warranty calls had been received. This enhanced review, together with our growing experience repairing homes previously identified, resulted in us determining that more homes and communities in Florida were likely to be adversely affected. Based on all of these activities and our resulting analysis, we recorded additional warranty expense of $13.6 million in the first quarter of fiscal 2015 related to the Florida stucco issues.

Through December 31, 2014, we had identified a total of 382 homes, with an average age of more than 8 years, in Florida with stucco installation issues that we believed were likely to require more than minor repairs, of which 42 were already fully repaired by the end of the first quarter of fiscal 2015 and numerous others were in various stages of repair. During the first quarter of fiscal 2015, we paid $1.4 million to repair such homes. As of December 31, 2014, our overall warranty liability included $16.2 million to complete repairs on the remaining 340 homes, as well as an estimated amount to cover repair costs for additional homes that we believed likely to be identified in the future.

During the current quarter, we continued to accumulate additional facts that have better allowed us to assess our risk for stucco installation issues and subsequent repairs. We determined that an additional warranty expense of $4.3 million was required during the second quarter of fiscal 2015 to cover additional homes identified as likely requiring more than minor repairs. As of March 31, 2015, 436 homes have been identified likely to require repairs, of which 65 homes have been repaired. We also have acquired additional data concerning the actual costs to repair each home at risk based on historical repair costs for each community. After considering repair costs already paid of $3.3 million in the current quarter, the remaining accrual to cover the potential repair costs for homes impacted by the Florida stucco issues is $17.2 million as of March 31, 2015, which is included in our overall warranty liability.

Our assessment of the Florida stucco issues is ongoing. As a result, we anticipate that our assessment as to the ultimate magnitude of our liability may change as additional information is obtained. We believe that we will recover a portion of our repair costs related to the Florida stucco issues from various sources, including the subcontractors involved with the construction of these homes and their insurers; however, no amounts related to subcontractor recoveries have been recorded in our unaudited consolidated financial statements as of March 31, 2015.

New Jersey. The water intrusion issues in New Jersey related to flashing and stone installation in one specific community. These homes had an average age of 8 years. No new homes were identified in New Jersey during the first six months of fiscal 2015. As of March 31, 2015, we believe the remaining warranty liability for New Jersey encompasses the probable cost of the repair effort remaining to resolve the issues in that community and is not material.

Insurance Recoveries

The Company has entered into contracts with a third-party insurance provider which allow for the recovery of certain warranty costs incurred by us above a specified threshold for each period covered. Due to the significant costs we have incurred related to the Florida stucco issues, as well as other warranty issues that have not been separately discussed, we have, in the current quarter, surpassed these thresholds for certain contract years. As such, we expect additional costs incurred in the future for further warranty work on homes within these contract years will be reimbursed by our insurer.

During the current quarter, warranty costs expensed beyond the threshold set in our insurance contracts were recorded related to homes impacted by the Florida stucco issues, as well as other various warranty issues, resulting in our recording of $5.7 million in insurance recoveries that we deem to be probable of receiving. Of this amount, $4.3 million is associated with the incremental current quarter expense from the Florida stucco issues, while the remainder relates to expenditures for other warranty issues that are also over our insurance thresholds. Amounts recorded for anticipated insurance recoveries are reflected within our unaudited consolidated statement of income as a reduction of our current quarter home construction expenses, and have been recorded on a gross basis as a receivable within accounts receivable on our unaudited consolidated balance sheet as of March 31, 2015.

Amounts to be recovered under our insurance plans will vary based on whether additional warranty costs are incurred for periods for which our threshold has already been met. As a result, we anticipate the balance of our established receivable for insurance recoveries to fluctuate for potential future reimbursements, as well as the payments ultimately received from our insurer.

Litigation

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

Other Matters

On July 1, 2009, we entered into a Deferred Prosecution Agreement and associated Bill of Information (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 (the HUD Agreement) and the Civil Division of the United States Department of Justice. We have satisfied our obligations under the DPA and in July 2014 the United States District Court for the Western Division of North Carolina dismissed the Bill of Information. However, under these agreements, we are obligated to make payments equal to 4% of “adjusted EBITDA,” as defined in the agreements, until the earlier 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 March 31, 2015, we have paid a cumulative $24.9 million and an additional $0.8 million has been recorded as a liability at March 31, 2015.

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 in part by insurance. In our opinion, based on our current assessment, the ultimate resolution of these matters, excluding the Florida stucco issues previously discussed, will not have a material adverse effect on our financial condition, results of operations or cash flows.

We have accrued $8.4 million and $13.4 million in other liabilities related to litigation and other matters, excluding warranty, as of March 31, 2015 and September 30, 2014, respectively.

We had outstanding letters of credit and performance bonds of approximately $42.6 million and $217.4 million, respectively, at March 31, 2015 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 March 31, 2015.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Fair Value Measurements

6 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of March 31, 2015, we had assets in our consolidated balance sheets that were required to be measured at fair value on a recurring or 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; and 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 deferred compensation plan assets are based on market-corroborated inputs and have therefore been classified as Level 2.

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 of these assets may not be recovered. We review our long-lived assets, including inventory, for recoverability when factors indicate impairment may exist, but no less than quarterly. Fair value is based on estimated cash flows discounted for market risks associated with the long-lived assets. The fair values of our investments in unconsolidated entities are determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities.

See Notes 2 and 5 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 six months ended March 31, 2015 and 2014:



(In thousands)	Level 1	Level 2		Level 3		Total
Six Months Ended March 31, 2015
Deferred compensation plan assets ^(a)	—	$	567	—		$	567
Six Months Ended March 31, 2014
Deferred compensation plan assets ^(a)	—	$	409	—		$	409
Land held for sale ^(b)	—	—		$	4,766	4,766

^(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.

Obligations related to land not owned under option agreements approximate fair value. The following table presents the carrying values and estimated fair values of our other financial liabilities as of March 31, 2015 and September 30, 2014:



(In thousands)	As of March 31, 2015				As of September 30, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,432,261	$	1,446,701	$	1,435,183	$	1,462,899
Junior Subordinated Notes	56,770		56,770		55,736		55,736
	$	1,489,031	$	1,503,471	$	1,490,919	$	1,518,635

The estimated fair value shown above for our publicly-held Senior Notes has 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

Stock-based Compensation

6 Months Ended

Mar. 31, 2015

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

Stock-based Compensation

For the three and six months ended March 31, 2015, our total stock-based compensation included in general and administrative expenses (G&A) in our unaudited consolidated statements of income was approximately $1.5 million ($1.1 million net of tax) and $2.9 million ($2.2 million net of tax), respectively. The fair value of each stock option/SSAR granted is estimated on the date of grant using the Black-Scholes option-pricing model (Black-Scholes Model). The fair value of each performance-based stock grant is estimated on the date of grant using the Monte Carlo valuation method. The cash-settled component of any awards granted to employees are accounted for as a liability award and the liability is adjusted to fair value each reporting period until vested. Non-performance based stock is valued based on the market price of the common stock on the date of the grant.

During the six months ended March 31, 2015 and 2014, employees surrendered 9,899 and 21,772 shares, respectively, to us in payment of minimum tax obligations upon the vesting of stock awards under our stock incentive plans. We valued the stock at the market price on the date of surrender, for an aggregate value of approximately $185,000 and $414,000 for the six months ended March 31, 2015 and 2014, respectively.

Stock 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. As of March 31, 2015, our stock options/SSARs outstanding had an intrinsic value of $1.4 million. The stock options/SSARs vested and expected to vest in the future had a weighted average expected life of 2.3 years. The aggregate intrinsic value of exercisable stock options/SSARs as of March 31, 2015 was $1.2 million.

Activity related to stock options/SSARs for the periods presented is as follows:



	Three Months Ended				Six Months Ended
	March 31, 2015				March 31, 2015
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	650,223		$	18.12	650,233		$	18.12
Granted	—		—		—		—
Exercised	(456	)	12.07		(456	)	12.07
Expired	—		—		—		—
Forfeited	(3,137	)	20.32		(3,147	)	20.32
Outstanding at end of period	646,630		$	18.12	646,630		$	18.12
Exercisable at end of period	491,932		$	18.39	491,932		$	18.39
Vested or expected to vest in the future	646,437		$	18.12	646,437		$	18.12

Stock Awards: Compensation cost arising from stock awards granted to employees is recognized as an expense within general and administrative expenses in our unaudited consolidated statements of income using the straight-line method over the vesting period. As of March 31, 2015 and September 30, 2014, there was $14.3 million and $10.0 million, respectively, of total unrecognized compensation cost related to nonvested stock awards included in paid-in capital. The cost remaining at March 31, 2015 is expected to be recognized over a weighted average period of 2.9 years.

During the six months ended March 31, 2015, we issued 194,341 shares of performance-based restricted stock (Performance Shares) to our executive officers and certain other corporate employees. The first type of Performance Shares granted requires a total shareholder return (TSR) that compares favorably against an 11-member peer group measured at the end of a three-year performance period (TSR Performance Shares). The number of TSR Performance Shares that actually vest will range from 0% to 150% of the target number, based on the Company’s TSR ranking relative to its peer group during the three-year performance period. TSR calculations for the Company and the peer group companies are based on the average closing price of the Company’s common stock on the NYSE for the 20 trading days immediately preceding (i) the start of the performance period (October 1, 2014) and (ii) the end of the performance period (September 30, 2017). The grants of the TSR Performance Shares were valued using the Monte Carlo valuation method and had an estimated fair value of $19.90 per share.

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 TSR Performance Shares: 0% dividend yield for the Company, expected price volatility ranging from 29.0% to 185.8% and a risk-free interest rate of 0.94%. The methodology used to determine these assumptions is similar to the Black-Scholes Model; however, the expected term is determined by the model in the Monte Carlo simulation.

The second type of Performance Shares granted are structured to require absolute performance measured by the Company’s fiscal year 2017 pre-tax income (PTI), defined as the Company’s income from continuing operations before taxes and excluding impairments and abandonments, bond losses and such other non-recurring items as the Compensation Committee of our Board of Directors may approve (PTI Performance Shares). The PTI Performance Shares will vest in 2017, subject to determination of the Company’s actual pre-tax income performance. The PTI Performance Shares will be fully earned at a target pre-tax income level, with a 50% payout at the threshold level of pre-tax income and a 200% payout at the maximum level of pre-tax income. Once the threshold 2017 pre-tax income performance level is achieved, to the extent the actual 2017 pre-tax income performance is between the threshold and target performance levels, or between the target and maximum performance levels, linear interpolation between the award opportunity percentages will be applied to determine the actual payout.

Performance Shares in excess of the target number (194,341) may be settled in cash or additional shares at the discretion of the Compensation Committee. Any portion of the Performance Shares that do not vest at the end of the period will be forfeited.

Activity relating to stock awards, including the Performance Shares, for the periods presented is as follows:



	Three Months Ended				Six Months Ended
	March 31, 2015				March 31, 2015
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	968,439		$	18.31	746,567		$	15.76
Granted	—		—		390,870		19.07
Vested	(271	)	18.85		(63,078	)	15.90
Forfeited	(14,560	)	19.11		(120,751	)	6.39
End of period	953,608		$	18.29	953,608		$	18.29

- Definition

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

+ References+ Details

Other Accrued Liabilities Other Accrued Liabilities

6 Months Ended

Mar. 31, 2015

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure

Other Accrued Liabilities

Other liabilities include the following as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Accrued interest	$	31,554	$	34,645
Accrued warranty expense	28,794		16,084
Customer deposits	18,959		11,977
Accrued bonuses and deferred comp	12,381		24,270
Litigation accrual	8,371		13,401
Income tax liabilities	2,303		5,576
Other	35,073		36,563
Total	$	137,435	$	142,516

Segment Information

6 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

We currently operate in 15 states which are grouped into three homebuilding segments based on geography. Revenues in our homebuilding segments are derived from the sale of homes which we construct and from land and lot sales. Our reportable segments have been determined on a basis that is used internally by management for evaluating segment performance and resource allocations. We have considered the applicable aggregation criteria, and have combined our homebuilding operations into the three reportable segments as follows:

West: Arizona, California, Nevada and Texas

East: Delaware, Indiana, Maryland, New Jersey, 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 sale expense, commission expense, depreciation and amortization and certain general and administrative expenses which are incurred by or allocated to our homebuilding segments. The accounting policies of our segments are described in Note 1 to our consolidated financial statements in our 2014 Annual Report.

The following tables contain our revenue, operating income (loss) and depreciation and amortization by segment for the periods presented:



	Three Months Ended				Six Months Ended
	March 31,				March 31,
(In thousands)	2015		2014		2015		2014
Revenue
West	$	115,381	$	121,886	$	202,846	$	244,462
East	103,179		83,366		207,992		190,955
Southeast	80,799		64,769		154,285		127,774
Total revenue	$	299,359	$	270,021	$	565,123	$	563,191



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Operating income (loss)
West	$	10,599		$	14,338		$	17,382		$	30,100
East	5,744			2,994			13,113			11,229
Southeast	7,051			4,162			818			9,790
Segment total	23,394			21,494			31,313			51,119
Corporate and unallocated ^(a)	(16,958		)	(15,877		)	(34,367		)	(33,970		)
Total operating income (loss)	$	6,436		$	5,617		$	(3,054	)	$	17,149



	Three Months Ended				Six Months Ended
	March 31,				March 31,
(In thousands)	2015		2014		2015		2014
Depreciation and amortization
West	$	1,265	$	1,304	$	2,032	$	2,686
East	526		556		1,194		1,248
Southeast	539		358		1,024		749
Segment total	2,330		2,218		4,250		4,683
Corporate and unallocated ^(a)	451		613		872		1,055
Depreciation and amortization - continuing operations	$	2,781	$	2,831	$	5,122	$	5,738

^(a) Corporate and unallocated operating loss includes amortization of capitalized interest and expenses related to numerous shared services functions including information technology, treasury, corporate finance, legal, branding and other national marketing costs that benefit all segments, the costs of which are not allocated to the operating segments reported above. Corporate and unallocated depreciation and amortization represents depreciation and amortization related to assets held by corporate functions that benefit all segments.

The following table contains our capital expenditures by segment for the periods presented:



	Six Months Ended
	March 31,
(In thousands)	2015		2014
Capital Expenditures
West	$	2,659	$	2,661
East	2,067		1,546
Southeast	1,899		1,022
Corporate and unallocated	853		1,412
Total capital expenditures	$	7,478	$	6,641

The following table contains our asset balance by segment as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Assets
West	$	835,345	$	756,575
East	466,764		433,032
Southeast	336,106		299,215
Corporate and unallocated ^(a)	394,038		577,398
Total assets	$	2,032,253	$	2,066,220

^(a) 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

6 Months Ended

Mar. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor information

Supplemental Guarantor Information

As discussed in Note 8, our obligations to pay principal, premium, if any, and interest under certain debt issuances 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 the Facility. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc.

Beazer Homes USA, Inc.

Unaudited Consolidating Balance Sheet Information

March 31, 2015

(In thousands)



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	136,642	$	12,037	$	981	$	(3,399	)	$	146,261
Restricted cash	41,665		1,504		—		—			43,169
Accounts receivable (net of allowance of $1,305)	—		35,877		3		—			35,880
Income tax receivable	46		—		—		—			46
Owned inventory	—		1,757,036		—		—			1,757,036
Investments in marketable securities and unconsolidated entities	773		9,599		—		—			10,372
Deferred tax assets, net	46		—		—		—			46
Property, plant and equipment, net	—		21,153		—		—			21,153
Investments in subsidiaries	251,040		—		—		(251,040		)	—
Intercompany	1,359,657		—		2,394		(1,362,051		)	—
Other assets	14,835		3,365		90		—			18,290
Total assets	$	1,804,704	$	1,840,571	$	3,468	$	(1,616,490	)	$	2,032,253
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	100,844	$	—	$	—		$	100,844
Other liabilities	32,109		104,694		632		—			137,435
Intercompany	2,394		1,363,056		—		(1,365,450		)	—
Total debt (net of discounts of $4,019)	1,511,399		23,773		—		—			1,535,172
Total liabilities	1,545,902		1,592,367		632		(1,365,450		)	1,773,451
Stockholders’ equity	258,802		248,204		2,836		(251,040		)	258,802
Total liabilities and stockholders’ equity	$	1,804,704	$	1,840,571	$	3,468	$	(1,616,490	)	$	2,032,253

Beazer Homes USA, Inc.

Unaudited Consolidating Balance Sheet Information

September 30, 2014

(In thousands)



	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.

Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss)

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2015
Total revenue	$	—		$	299,359		$	33		$	(33	)	$	299,359
Home construction and land sales expenses	9,782			235,697			—			(33		)	245,446
Gross (loss) profit	(9,782		)	63,662			33			—			53,913
Commissions	—			11,969			—			—			11,969
General and administrative expenses	—			32,694			33			—			32,727
Depreciation and amortization	—			2,781			—			—			2,781
Operating (loss) income	(9,782		)	16,218			—			—			6,436
Equity in income of unconsolidated entities	—			82			—			—			82
Other (expense) income, net	(7,695		)	(777		)	(1		)	—			(8,473		)
(Loss) income before income taxes	(17,477		)	15,523			(1		)	—			(1,955		)
(Benefit from) provision for income taxes	(6,456		)	6,561			—			—			105
Equity in income of subsidiaries	8,961			—			—			(8,961		)	—
(Loss) income from continuing operations	(2,060		)	8,962			(1		)	(8,961		)	(2,060		)
Income (loss) from discontinued operations	—			68			(4		)	—			64
Equity in income of subsidiaries from discontinued operations	64			—			—			(64		)	—
Net (loss) income	$	(1,996	)	$	9,030		$	(5	)	$	(9,025	)	$	(1,996	)
Change in unrealized loss related to available-for-sale securities	1,070			—			—			—			1,070
Comprehensive (loss) income	$	(926	)	$	9,030		$	(5	)	$	(9,025	)	$	(926	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2014
Total revenue	$	—		$	270,021		$	100		$	(100	)	$	270,021
Home construction and land sales expenses	7,379			209,690			—			(100		)	216,969
Inventory impairments and option contract abandonments	—			880			—			—			880
Gross (loss) profit	(7,379		)	59,451			100			—			52,172
Commissions	—			11,096			—			—			11,096
General and administrative expenses	—			32,592			36			—			32,628
Depreciation and amortization	—			2,831			—			—			2,831
Operating (loss) income	(7,379		)	12,932			64			—			5,617
Equity in loss of unconsolidated entities	—			(17		)	—			—			(17		)
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(14,659		)	933			(1		)	—			(13,727		)
(Loss) income before income taxes	(22,191		)	13,848			63			—			(8,280		)
(Benefit from) provision for income taxes	(210		)	131			23			—			(56		)
Equity in income of subsidiaries	13,757			—			—			(13,757		)	—
(Loss) income from continuing operations	(8,224		)	13,717			40			(13,757		)	(8,224		)
Income (loss) from discontinued operations	—			257			(4		)	—			253
Equity in income of subsidiaries from discontinued operations	253			—			—			(253		)	—
Net (loss) income and comprehensive (loss) income	$	(7,971	)	$	13,974		$	36		$	(14,010	)	$	(7,971	)

Beazer Homes USA, Inc.

Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss)

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015
Total revenue	$	—		$	565,123		$	131		$	(131	)	$	565,123
Home construction and land sales expenses	17,976			458,147			—			(131		)	475,992
Gross (loss) profit	(17,976		)	106,976			131			—			89,131
Commissions	—			22,895			—			—			22,895
General and administrative expenses	—			64,108			60			—			64,168
Depreciation and amortization	—			5,122			—			—			5,122
Operating (loss) income	(17,976		)	14,851			71			—			(3,054		)
Equity in income of unconsolidated entities	—			224			—			—			224
Other (expense) income, net	(17,442		)	(463		)	(2		)	—			(17,907		)
(Loss) income before income taxes	(35,418		)	14,612			69			—			(20,737		)
(Benefit from) provision for income taxes	(13,083		)	12,467			25			—			(591		)
Equity in income of subsidiaries	2,189			—			—			(2,189		)	—
(Loss) income from continuing operations	(20,146		)	2,145			44			(2,189		)	(20,146		)
Loss from discontinued operations	—			(4,183		)	(7		)	—			(4,190		)
Equity in loss of subsidiaries from discontinued operations	(4,190		)	—			—			4,190			—
Net (loss) income	$	(24,336	)	$	(2,038	)	$	37		$	2,001		$	(24,336	)
Change in unrealized loss related to available-for-sale securities	1,276			—			—			—			1,276
Comprehensive (loss) income	$	(23,060	)	$	(2,038	)	$	37		$	2,001		$	(23,060	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014
Total revenue	$	—		$	563,191		$	180		$	(180	)	$	563,191
Home construction and land sales expenses	14,514			441,104			—			(180		)	455,438
Inventory impairments and option contract abandonments	—			911			—			—			911
Gross (loss) profit	(14,514		)	121,176			180			—			106,842
Commissions	—			22,917			—			—			22,917
General and administrative expenses	—			60,976			62			—			61,038
Depreciation and amortization	—			5,738			—			—			5,738
Operating (loss) income	(14,514		)	31,545			118			—			17,149
Equity in income of unconsolidated entities	—			302			—			—			302
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(30,692		)	1,212			(4		)	—			(29,484		)
(Loss) income before income taxes	(45,359		)	33,059			114			—			(12,186		)
(Benefit from) provision for income taxes	(199		)	145			40			—			(14		)
Equity in income of subsidiaries	32,988			—			—			(32,988		)	—
(Loss) income from continuing operations	(12,172		)	32,914			74			(32,988		)	(12,172		)
Loss from discontinued operations	—			(930		)	(7		)	—			(937		)
Equity in loss of subsidiaries and discontinued operations	(937		)	—			—			937			—
Net (loss) income and comprehensive (loss) income	$	(13,109	)	$	31,984		$	67		$	(32,051	)	$	(13,109	)

Beazer Homes USA, Inc.

Unaudited Condensed Consolidating Statements of Cash Flow

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015
Net cash used in operating activities	$	(31,274	)	$	(171,497	)	$	(145	)	$	—		$	(202,916	)
Cash flows from investing activities:
Capital expenditures	—			(7,478		)	—			—			(7,478		)
Investments in unconsolidated entities	—			(1,670		)	—			—			(1,670		)
Proceeds from sale of marketable securities and unconsolidated entities	—			24,211			—			—			24,211
Increases in restricted cash	(1,319		)	(1,168		)	—			—			(2,487		)
Decreases in restricted cash	21,601			658			—			—			22,259
Advances to/from subsidiaries	(145,846		)	—			—			145,846			—
Net cash (used in) provided by investing activities	(125,564		)	14,553			—			145,846			34,835
Cash flows from financing activities:
Repayment of debt	(8,702		)	(812		)	—			—			(9,514		)
Debt issuance costs	(126		)	—			—			—			(126		)
Dividends paid	500			—			(500		)	—			—
Advances to/from subsidiaries	—			147,759			12			(147,771		)	—
Other financing activities	(172		)	—			—			—			(172		)
Net cash (used in) provided by financing activities	(8,500		)	146,947			(488		)	(147,771		)	(9,812		)
Decrease in cash and cash equivalents	(165,338		)	(9,997		)	(633		)	(1,925		)	(177,893		)
Cash and cash equivalents at beginning of period	301,980			22,034			1,614			(1,474		)	324,154
Cash and cash equivalents at end of period	$	136,642		$	12,037		$	981		$	(3,399	)	$	146,261
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014
Net cash used in operating activities	$	(45,803	)	$	(142,360	)	$	111		$	—		$	(188,052	)
Cash flows from investing activities:
Capital expenditures	—			(6,641		)	—			—			(6,641		)
Investments in unconsolidated entities	—			(3,193		)	—			—			(3,193		)
Increases in restricted cash	(1,898		)	(690		)	—			—			(2,588		)
Decreases in restricted cash	39			762			—			—			801
Net cash used in investing activities	(1,859		)	(9,762		)	—			—			(11,621		)
Cash flows from financing activities:
Repayment of debt	(3,857		)	(890		)	—			—			(4,747		)
Debt issuance costs	(26		)	—			—			—			(26		)
Advances to/from subsidiaries	(145,227		)	148,387			(59		)	(3,101		)	—
Other financing activities	(393		)	—			—			—			(393		)
Net cash (used in) provided by financing activities	(149,503		)	147,497			(59		)	(3,101		)	(5,166		)
Decrease in cash and cash equivalents	(197,165		)	(4,625		)	52			(3,101		)	(204,839		)
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	$	302,176		$	1,699		$	1,689		$	(5,944	)	$	299,620

Discontinued Operations

6 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

We continually review each of our markets in order to refine our overall investment strategy and to optimize capital and resource allocations in an effort to enhance our financial position and to increase shareholder value. This review entails an evaluation of both external market factors and our position in each market and over time has resulted in the decision to discontinue certain of our homebuilding operations.

We have classified the results of operations of our discontinued operations separately in the accompanying unaudited consolidated statements of income for all periods presented. There were no material assets or liabilities related to our discontinued operations as of March 31, 2015 or September 30, 2014. Discontinued operations were not segregated in the unaudited consolidated statements of cash flows. Therefore, amounts for certain captions in the unaudited consolidated statements of cash flows will not agree with the respective data in the unaudited consolidated statements of income. The results of our discontinued operations in the unaudited consolidated statements of income for the periods presented were as follows:



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Total revenue	$	280		$	—		$	280		$	464
Home construction and land sales expenses ^(a)	105			1,497			4,056			2,952
Gross profit (loss)	175			(1,497		)	(3,776		)	(2,488		)
General and administrative expenses ^(b)	114			(1,750		)	418			(1,561		)
Operating income (loss)	61			253			(4,194		)	(927		)
Other income (expense), net	1			—			1			—
Income (loss) from discontinued operations before income taxes	62			253			(4,193		)	(927		)
(Benefit from) provision for income taxes	(2		)	—			(3		)	10
Income (loss) from discontinued operations, net of tax	$	64		$	253		$	(4,190	)	$	(937	)

^(a) The six months ended March 31, 2015 includes a $3.7 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operation in Denver, Colorado.

^(b) The three and six months ended March 31, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.

- Definition

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

+ References

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+ Details

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation. These unaudited consolidated financial statements present the consolidated financial position, income, comprehensive income and cash flows of the Company and our subsidiaries. Intercompany balances have been eliminated in consolidation.
Inventory Valuation	Inventory Valuation. We assess our inventory assets no less than quarterly for recoverability in accordance with the policies as described in Notes 1 and 4 to the consolidated financial statements in our 2014 Annual Report. Our homebuilding inventories that are accounted for as held for development include land and home construction assets grouped together as communities. Homebuilding inventories held for development are stated at cost (including direct construction costs, capitalized indirect costs, capitalized interest and real estate taxes) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. For those communities for which construction and development activities are expected to occur in the future or have been idled (land held for future development), all applicable interest and real estate taxes are expensed as incurred and the inventory is stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. We record assets held for sale at the lower of the carrying value or fair value less costs to sell.
New Accounting Pronouncements	Recent Accounting Pronouncements. Revenue from Contracts with Customers. In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 requires companies to recognize revenue at an amount that the entity expects to be entitled to upon transferring control of goods or services to a customer, as opposed to when risks and rewards transfer to a customer under the existing revenue recognition guidance. The FASB has tentatively decided to defer for one year the effective date of ASU 2014-09, which would make the guidance effective for the Company's first fiscal year beginning after December 15, 2017. Additionally, the FASB also tentatively decided to permit entities to early adopt the standard, which allows for either full retrospective or modified retrospective methods of adoption, for reporting periods beginning after December 15, 2016. We are currently evaluating the impact of ASU 2014-09 on our consolidated financial statements. Presentation of Debt Issuance Costs. In April 2015, the FASB issued ASU 2015-03, Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires debt issuance costs to be presented on the balance sheet as a direct deduction from the related debt liability, similar to the presentation of debt discounts or premiums. The costs will continue to be amortized to interest expense using the effective interest method. ASU 2015-03 requires retrospective application to all prior periods presented in the financial statements. Upon transition, an entity is required to comply with the applicable disclosures for a change in accounting principle. The guidance within ASU 2015-03 will be effective for the Company's first fiscal year beginning after December 15, 2015, but we have the option of adopting the new requirements as of an earlier date. We are evaluating the impact of ASU 2015-03, but only expect our balance sheet presentation of debt issuance costs to change as a result.
Income Tax, Policy	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"), to provide guidance on the presentation of unrecognized tax benefits. ASU 2013-11 requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, 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 limited exceptions. ASU 2013-11 was effective for annual reporting periods beginning on or after December 15, 2013 and interim periods within those annual periods. The Company adopted this guidance in the quarter ended December 31, 2014 with no significant impact to our financial statements.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References+ Details

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References+ Details

- Definition

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

+ References+ Details

Supplemental Cash Flow Information (Tables)

6 Months Ended

Mar. 31, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental disclosure of non-cash activity



	Six Months Ended
	March 31,
(In thousands)	2015			2014
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(2,916	)	$	(1,486	)
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	—			(2,376		)
Non-cash land acquisitions ^(a)	12,904			16,833
Supplemental disclosure of cash activity:
Interest payments	59,702			60,396
Income tax payments	98			103

Investments in Marketable Securities and Unconsolidated Joint Ventures (Tables)

6 Months Ended

Mar. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Investments in unconsolidated joint ventures, total equity and outstanding borrowings

The following table presents our investment in these unconsolidated entities, as well as the total equity and outstanding borrowings of these unconsolidated entities as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Beazer’s investment in unconsolidated entities	$	10,372	$	13,576
Total equity of unconsolidated entities	36,773		59,336
Total outstanding borrowings of unconsolidated entities	10,537		11,254



	Three Months Ended					Six Months Ended
	March 31,					March 31,
(In thousands)	2015		2014			2015		2014
Equity in income of unconsolidated entities - continuing operations	$	82	$	(17	)	$	224	$	302

Inventory (Tables)

6 Months Ended

Mar. 31, 2015

Real Estate [Abstract]

Schedule of Inventory

The components of owned inventory are as follows as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Homes under construction	$	395,726	$	282,095
Development projects in progress	849,644		786,768
Land held for future development	270,518		301,048
Land held for sale	64,929		51,672
Capitalized interest	112,476		87,619
Model homes	63,743		48,294
Total owned inventory	$	1,757,036	$	1,557,496

Schedule of Total Owned Inventory, by Segment

Total owned inventory, by reportable segment, is presented in the table below as of March 31, 2015 and September 30, 2014:



(In thousands)	Projects in Progress			Held for Future Development		Land Held for Sale		Total Owned Inventory
March 31, 2015
West Segment	$	576,985		$	230,362	$	10,088	$	817,435
East Segment	392,952			29,215		33,048		455,215
Southeast Segment	292,380			10,941		19,931		323,252
Unallocated and Other	159,272		^(a)	—		1,862		161,134
Total	$	1,421,589		$	270,518	$	64,929	$	1,757,036
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 and Other	123,566		^(a)	—		2,295		125,861
Total	$	1,204,776		$	301,048	$	51,672	$	1,557,496

^(a) Includes capitalized interest and indirect costs that are maintained within our Corporate Segment.

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



(In thousands)		Undiscounted Cash Flow Analyses Prepared
Segment	# of Communities on Watch List	# of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV
Quarter Ended March 31, 2015
West	1	—	$	—	—	%
Total	1	—
Quarter Ended March 31, 2014
West	1	—	$	—	—	%
East	1	—	—		—	%
Southeast	2	1	7,478		107.9	%
Total	4	1

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




	Three Months Ended March 31,				Six Months Ended March 31,
(In thousands)	2015		2014		2015		2014
Continuing Operations:
Land Held for Sale
East	$	—	$	—	$	—	$	31
Southeast	—		28		—		28
Subtotal	$	—	$	28	$	—	$	59
Lot Option Abandonments
Southeast	$	—	$	852	$	—	$	852
Total Continuing Operations	$	—	$	880	$	—	$	911

Summary of Interests in Lot Option Agreements

The following provides a summary of our interests in lot option agreements as of March 31, 2015 and September 30, 2014:



(In thousands)	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation		Land Not Owned Under Option Agreements
As of March 31, 2015
Unconsolidated lot option agreements	$	54,778	$	438,441	$	—
Total lot option agreements	$	54,778	$	438,441	$	—
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

Interest (Tables)

6 Months Ended

Mar. 31, 2015

Real Estate [Abstract]

Real Estate Inventory, Capitalized Interest Costs

The following table presents certain information regarding interest for the periods presented:



	Three Months Ended March 31,						Six Months Ended March 31,
(In thousands)	2015			2014			2015			2014
Capitalized interest in inventory, beginning of period	$	99,868		$	61,836		$	87,619		$	52,562
Interest incurred	30,259			32,458			60,542			64,899
Interest expense not qualified for capitalization and included as other expense ^(a)	(7,695		)	(14,659		)	(17,442		)	(30,691		)
Capitalized interest amortized to house construction and land sales expenses ^(b)	(9,956		)	(7,379		)	(18,243		)	(14,514		)
Capitalized interest in inventory, end of period	$	112,476		$	72,256		$	112,476		$	72,256

Borrowings (Tables)

6 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt

As of March 31, 2015 and September 30, 2014, we had the following long-term debt, net of discounts:



(In thousands)	Maturity Date	March 31, 2015			September 30, 2014
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	May 2019	235,000			235,000
5 3/4% Senior Notes	June 2019	325,000			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	3,401			6,703
Unamortized debt discounts		(4,019		)	(4,399		)
Total Senior Notes, net		$	1,432,261		$	1,435,183
Junior Subordinated Notes	July 2036	56,770			55,737
Cash Secured Loans	November 2017	22,368			22,368
Other secured notes payable	Various Dates	23,773			22,145
Total debt, net		$	1,535,172		$	1,535,433

- 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))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

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

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-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

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

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

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-Name Accounting Standards Codification

-Topic 835

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-Paragraph 1A

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

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

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

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

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

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

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-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

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

+ Details

Income Taxes (Tables)

6 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

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 as of March 31, 2015:



(In thousands)	March 31, 2015
Deferred tax assets:
Subject to annual limitation	$	102,207
Generally not subject to annual limitation	333,959
Certain components likely to be subject to annual limitation	40,905
Total deferred tax assets	477,071
Deferred tax liabilities	(43,496		)
Net deferred tax assets before valuation allowance	433,575
Valuation allowance	(433,529		)
Net deferred tax assets	$	46

Contingencies (Tables)

6 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Warranty reserves

Changes in our warranty reserves are as follows for the periods presented:



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Balance at beginning of period	$	27,227		$	11,911		$	16,084		$	11,663
Accruals for warranties issued ^(a)	1,630			1,047			3,155			2,170
Changes in liability related to warranties existing in prior periods ^(b)	6,524			1,480			20,754			3,223
Payments made	(6,587		)	(1,877		)	(11,199		)	(4,495		)
Balance at end of period	$	28,794		$	12,561		$	28,794		$	12,561

Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

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



(In thousands)	Level 1	Level 2		Level 3		Total
Six Months Ended March 31, 2015
Deferred compensation plan assets ^(a)	—	$	567	—		$	567
Six Months Ended March 31, 2014
Deferred compensation plan assets ^(a)	—	$	409	—		$	409
Land held for sale ^(b)	—	—		$	4,766	4,766

^(a)Measured at fair value on a recurring basis.

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

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

The following table presents the carrying values and estimated fair values of our other financial liabilities as of March 31, 2015 and September 30, 2014:



(In thousands)	As of March 31, 2015				As of September 30, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,432,261	$	1,446,701	$	1,435,183	$	1,462,899
Junior Subordinated Notes	56,770		56,770		55,736		55,736
	$	1,489,031	$	1,503,471	$	1,490,919	$	1,518,635

Stock-based compensation (Tables)

6 Months Ended

Mar. 31, 2015

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

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

stock options/SSARs for the periods presented is as follows:



	Three Months Ended				Six Months Ended
	March 31, 2015				March 31, 2015
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	650,223		$	18.12	650,233		$	18.12
Granted	—		—		—		—
Exercised	(456	)	12.07		(456	)	12.07
Expired	—		—		—		—
Forfeited	(3,137	)	20.32		(3,147	)	20.32
Outstanding at end of period	646,630		$	18.12	646,630		$	18.12
Exercisable at end of period	491,932		$	18.39	491,932		$	18.39
Vested or expected to vest in the future	646,437		$	18.12	646,437		$	18.12

Schedule of nonvested stock awards activity

Activity relating to stock awards, including the Performance Shares, for the periods presented is as follows:



	Three Months Ended				Six Months Ended
	March 31, 2015				March 31, 2015
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	968,439		$	18.31	746,567		$	15.76
Granted	—		—		390,870		19.07
Vested	(271	)	18.85		(63,078	)	15.90
Forfeited	(14,560	)	19.11		(120,751	)	6.39
End of period	953,608		$	18.29	953,608		$	18.29

Segment Information (Tables)

6 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Schedule of segment reporting information



	Three Months Ended				Six Months Ended
	March 31,				March 31,
(In thousands)	2015		2014		2015		2014
Revenue
West	$	115,381	$	121,886	$	202,846	$	244,462
East	103,179		83,366		207,992		190,955
Southeast	80,799		64,769		154,285		127,774
Total revenue	$	299,359	$	270,021	$	565,123	$	563,191



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Operating income (loss)
West	$	10,599		$	14,338		$	17,382		$	30,100
East	5,744			2,994			13,113			11,229
Southeast	7,051			4,162			818			9,790
Segment total	23,394			21,494			31,313			51,119
Corporate and unallocated ^(a)	(16,958		)	(15,877		)	(34,367		)	(33,970		)
Total operating income (loss)	$	6,436		$	5,617		$	(3,054	)	$	17,149



	Three Months Ended				Six Months Ended
	March 31,				March 31,
(In thousands)	2015		2014		2015		2014
Depreciation and amortization
West	$	1,265	$	1,304	$	2,032	$	2,686
East	526		556		1,194		1,248
Southeast	539		358		1,024		749
Segment total	2,330		2,218		4,250		4,683
Corporate and unallocated ^(a)	451		613		872		1,055
Depreciation and amortization - continuing operations	$	2,781	$	2,831	$	5,122	$	5,738

The following table contains our capital expenditures by segment for the periods presented:



	Six Months Ended
	March 31,
(In thousands)	2015		2014
Capital Expenditures
West	$	2,659	$	2,661
East	2,067		1,546
Southeast	1,899		1,022
Corporate and unallocated	853		1,412
Total capital expenditures	$	7,478	$	6,641

The following table contains our asset balance by segment as of March 31, 2015 and September 30, 2014:



(In thousands)	March 31, 2015		September 30, 2014
Assets
West	$	835,345	$	756,575
East	466,764		433,032
Southeast	336,106		299,215
Corporate and unallocated ^(a)	394,038		577,398
Total assets	$	2,032,253	$	2,066,220

^(a) 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)

6 Months Ended

Mar. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Unaudited Consolidating Balance Sheet Information

Beazer Homes USA, Inc.

Unaudited Consolidating Balance Sheet Information

March 31, 2015

(In thousands)



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	136,642	$	12,037	$	981	$	(3,399	)	$	146,261
Restricted cash	41,665		1,504		—		—			43,169
Accounts receivable (net of allowance of $1,305)	—		35,877		3		—			35,880
Income tax receivable	46		—		—		—			46
Owned inventory	—		1,757,036		—		—			1,757,036
Investments in marketable securities and unconsolidated entities	773		9,599		—		—			10,372
Deferred tax assets, net	46		—		—		—			46
Property, plant and equipment, net	—		21,153		—		—			21,153
Investments in subsidiaries	251,040		—		—		(251,040		)	—
Intercompany	1,359,657		—		2,394		(1,362,051		)	—
Other assets	14,835		3,365		90		—			18,290
Total assets	$	1,804,704	$	1,840,571	$	3,468	$	(1,616,490	)	$	2,032,253
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	100,844	$	—	$	—		$	100,844
Other liabilities	32,109		104,694		632		—			137,435
Intercompany	2,394		1,363,056		—		(1,365,450		)	—
Total debt (net of discounts of $4,019)	1,511,399		23,773		—		—			1,535,172
Total liabilities	1,545,902		1,592,367		632		(1,365,450		)	1,773,451
Stockholders’ equity	258,802		248,204		2,836		(251,040		)	258,802
Total liabilities and stockholders’ equity	$	1,804,704	$	1,840,571	$	3,468	$	(1,616,490	)	$	2,032,253

Beazer Homes USA, Inc.

Unaudited Consolidating Balance Sheet Information

September 30, 2014

(In thousands)



	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

Unaudited Consolidating Income Statement

Beazer Homes USA, Inc.

Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss)

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2015
Total revenue	$	—		$	299,359		$	33		$	(33	)	$	299,359
Home construction and land sales expenses	9,782			235,697			—			(33		)	245,446
Gross (loss) profit	(9,782		)	63,662			33			—			53,913
Commissions	—			11,969			—			—			11,969
General and administrative expenses	—			32,694			33			—			32,727
Depreciation and amortization	—			2,781			—			—			2,781
Operating (loss) income	(9,782		)	16,218			—			—			6,436
Equity in income of unconsolidated entities	—			82			—			—			82
Other (expense) income, net	(7,695		)	(777		)	(1		)	—			(8,473		)
(Loss) income before income taxes	(17,477		)	15,523			(1		)	—			(1,955		)
(Benefit from) provision for income taxes	(6,456		)	6,561			—			—			105
Equity in income of subsidiaries	8,961			—			—			(8,961		)	—
(Loss) income from continuing operations	(2,060		)	8,962			(1		)	(8,961		)	(2,060		)
Income (loss) from discontinued operations	—			68			(4		)	—			64
Equity in income of subsidiaries from discontinued operations	64			—			—			(64		)	—
Net (loss) income	$	(1,996	)	$	9,030		$	(5	)	$	(9,025	)	$	(1,996	)
Change in unrealized loss related to available-for-sale securities	1,070			—			—			—			1,070
Comprehensive (loss) income	$	(926	)	$	9,030		$	(5	)	$	(9,025	)	$	(926	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Three Months Ended March 31, 2014
Total revenue	$	—		$	270,021		$	100		$	(100	)	$	270,021
Home construction and land sales expenses	7,379			209,690			—			(100		)	216,969
Inventory impairments and option contract abandonments	—			880			—			—			880
Gross (loss) profit	(7,379		)	59,451			100			—			52,172
Commissions	—			11,096			—			—			11,096
General and administrative expenses	—			32,592			36			—			32,628
Depreciation and amortization	—			2,831			—			—			2,831
Operating (loss) income	(7,379		)	12,932			64			—			5,617
Equity in loss of unconsolidated entities	—			(17		)	—			—			(17		)
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(14,659		)	933			(1		)	—			(13,727		)
(Loss) income before income taxes	(22,191		)	13,848			63			—			(8,280		)
(Benefit from) provision for income taxes	(210		)	131			23			—			(56		)
Equity in income of subsidiaries	13,757			—			—			(13,757		)	—
(Loss) income from continuing operations	(8,224		)	13,717			40			(13,757		)	(8,224		)
Income (loss) from discontinued operations	—			257			(4		)	—			253
Equity in income of subsidiaries from discontinued operations	253			—			—			(253		)	—
Net (loss) income and comprehensive (loss) income	$	(7,971	)	$	13,974		$	36		$	(14,010	)	$	(7,971	)

Beazer Homes USA, Inc.

Unaudited Consolidating Statements of Income and Unaudited Comprehensive Income (Loss)

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015
Total revenue	$	—		$	565,123		$	131		$	(131	)	$	565,123
Home construction and land sales expenses	17,976			458,147			—			(131		)	475,992
Gross (loss) profit	(17,976		)	106,976			131			—			89,131
Commissions	—			22,895			—			—			22,895
General and administrative expenses	—			64,108			60			—			64,168
Depreciation and amortization	—			5,122			—			—			5,122
Operating (loss) income	(17,976		)	14,851			71			—			(3,054		)
Equity in income of unconsolidated entities	—			224			—			—			224
Other (expense) income, net	(17,442		)	(463		)	(2		)	—			(17,907		)
(Loss) income before income taxes	(35,418		)	14,612			69			—			(20,737		)
(Benefit from) provision for income taxes	(13,083		)	12,467			25			—			(591		)
Equity in income of subsidiaries	2,189			—			—			(2,189		)	—
(Loss) income from continuing operations	(20,146		)	2,145			44			(2,189		)	(20,146		)
Loss from discontinued operations	—			(4,183		)	(7		)	—			(4,190		)
Equity in loss of subsidiaries from discontinued operations	(4,190		)	—			—			4,190			—
Net (loss) income	$	(24,336	)	$	(2,038	)	$	37		$	2,001		$	(24,336	)
Change in unrealized loss related to available-for-sale securities	1,276			—			—			—			1,276
Comprehensive (loss) income	$	(23,060	)	$	(2,038	)	$	37		$	2,001		$	(23,060	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014
Total revenue	$	—		$	563,191		$	180		$	(180	)	$	563,191
Home construction and land sales expenses	14,514			441,104			—			(180		)	455,438
Inventory impairments and option contract abandonments	—			911			—			—			911
Gross (loss) profit	(14,514		)	121,176			180			—			106,842
Commissions	—			22,917			—			—			22,917
General and administrative expenses	—			60,976			62			—			61,038
Depreciation and amortization	—			5,738			—			—			5,738
Operating (loss) income	(14,514		)	31,545			118			—			17,149
Equity in income of unconsolidated entities	—			302			—			—			302
Loss on extinguishment of debt	(153		)	—			—			—			(153		)
Other (expense) income, net	(30,692		)	1,212			(4		)	—			(29,484		)
(Loss) income before income taxes	(45,359		)	33,059			114			—			(12,186		)
(Benefit from) provision for income taxes	(199		)	145			40			—			(14		)
Equity in income of subsidiaries	32,988			—			—			(32,988		)	—
(Loss) income from continuing operations	(12,172		)	32,914			74			(32,988		)	(12,172		)
Loss from discontinued operations	—			(930		)	(7		)	—			(937		)
Equity in loss of subsidiaries and discontinued operations	(937		)	—			—			937			—
Net (loss) income and comprehensive (loss) income	$	(13,109	)	$	31,984		$	67		$	(32,051	)	$	(13,109	)

Unaudited Consolidating Statements of Cash Flow

Beazer Homes USA, Inc.

Unaudited Condensed Consolidating Statements of Cash Flow

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2015
Net cash used in operating activities	$	(31,274	)	$	(171,497	)	$	(145	)	$	—		$	(202,916	)
Cash flows from investing activities:
Capital expenditures	—			(7,478		)	—			—			(7,478		)
Investments in unconsolidated entities	—			(1,670		)	—			—			(1,670		)
Proceeds from sale of marketable securities and unconsolidated entities	—			24,211			—			—			24,211
Increases in restricted cash	(1,319		)	(1,168		)	—			—			(2,487		)
Decreases in restricted cash	21,601			658			—			—			22,259
Advances to/from subsidiaries	(145,846		)	—			—			145,846			—
Net cash (used in) provided by investing activities	(125,564		)	14,553			—			145,846			34,835
Cash flows from financing activities:
Repayment of debt	(8,702		)	(812		)	—			—			(9,514		)
Debt issuance costs	(126		)	—			—			—			(126		)
Dividends paid	500			—			(500		)	—			—
Advances to/from subsidiaries	—			147,759			12			(147,771		)	—
Other financing activities	(172		)	—			—			—			(172		)
Net cash (used in) provided by financing activities	(8,500		)	146,947			(488		)	(147,771		)	(9,812		)
Decrease in cash and cash equivalents	(165,338		)	(9,997		)	(633		)	(1,925		)	(177,893		)
Cash and cash equivalents at beginning of period	301,980			22,034			1,614			(1,474		)	324,154
Cash and cash equivalents at end of period	$	136,642		$	12,037		$	981		$	(3,399	)	$	146,261
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Six Months Ended March 31, 2014
Net cash used in operating activities	$	(45,803	)	$	(142,360	)	$	111		$	—		$	(188,052	)
Cash flows from investing activities:
Capital expenditures	—			(6,641		)	—			—			(6,641		)
Investments in unconsolidated entities	—			(3,193		)	—			—			(3,193		)
Increases in restricted cash	(1,898		)	(690		)	—			—			(2,588		)
Decreases in restricted cash	39			762			—			—			801
Net cash used in investing activities	(1,859		)	(9,762		)	—			—			(11,621		)
Cash flows from financing activities:
Repayment of debt	(3,857		)	(890		)	—			—			(4,747		)
Debt issuance costs	(26		)	—			—			—			(26		)
Advances to/from subsidiaries	(145,227		)	148,387			(59		)	(3,101		)	—
Other financing activities	(393		)	—			—			—			(393		)
Net cash (used in) provided by financing activities	(149,503		)	147,497			(59		)	(3,101		)	(5,166		)
Decrease in cash and cash equivalents	(197,165		)	(4,625		)	52			(3,101		)	(204,839		)
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	$	302,176		$	1,699		$	1,689		$	(5,944	)	$	299,620

Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

The results of our discontinued operations in the unaudited consolidated statements of income for the periods presented were as follows:



	Three Months Ended						Six Months Ended
	March 31,						March 31,
(In thousands)	2015			2014			2015			2014
Total revenue	$	280		$	—		$	280		$	464
Home construction and land sales expenses ^(a)	105			1,497			4,056			2,952
Gross profit (loss)	175			(1,497		)	(3,776		)	(2,488		)
General and administrative expenses ^(b)	114			(1,750		)	418			(1,561		)
Operating income (loss)	61			253			(4,194		)	(927		)
Other income (expense), net	1			—			1			—
Income (loss) from discontinued operations before income taxes	62			253			(4,193		)	(927		)
(Benefit from) provision for income taxes	(2		)	—			(3		)	10
Income (loss) from discontinued operations, net of tax	$	64		$	253		$	(4,190	)	$	(937	)

^(b) The three and six months ended March 31, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.

- Definition

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

+ References+ Details

Supplemental Cash Flow Information - Supplemental Disclosure of Non-cash Activity (Details) (USD $)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$ (2,916,000)	$ (1,486,000)
Increase (Decrease) in Debt due to Conversion of Convertible Debt and Tangible Equity for Common Stock	0	(2,376,000)
Land acquisitions for debt	12,904,000	16,833,000
Supplemental disclosure of cash activity:
Interest payments	59,702,000	60,396,000
Income tax payments	98,000	103,000
Non-cash seller financing	7,800,000
Lot takedowns	$ 5,100,000

Investments in Marketable Securities and Unconsolidated Entities - Outstanding Borrowings of Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Schedule of Equity Method Investments [Line Items]
Investments in marketable securities and unconsolidated entities	$ 10,372	$ 38,341
Unconsolidated Entities
Schedule of Equity Method Investments [Line Items]
Investments in marketable securities and unconsolidated entities	10,372	13,576
Total equity of unconsolidated entities	36,773	59,336
Total outstanding borrowings of unconsolidated entities	$ 10,537	$ 11,254

Investments in Marketable Securities and Unconsolidated Entities - Income (Loss), Impairments From, and Equity In Investments In Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity in income of unconsolidated entities - continuing operations	$ 82	$ (17)	$ 224	$ 302

- 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 $)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014 Inspirada	Mar. 31, 2015 Inspirada	Mar. 31, 2015 Financial Guarantee	Sep. 30, 2014 Financial Guarantee
Schedule of Equity Method Investments [Line Items]
Change in unrealized loss related to available-for-sale securities	$ 1,070,000	$ 0	$ 1,276,000	$ 0
Comprehensive loss	(926,000)	(7,971,000)	(23,060,000)	(13,109,000)
Equity Method Investments, Impairment Of Unconsolidated Entity Investments, Continuing Operations	0
Settlement of unconsolidated entity debt obligation					(1,000,000)
Joint Venture Obligation						5,700,000
Guarantor Obligations, Current Carrying Value							$ 0	$ 0

Investments in Marketable Securities and Unconsolidated Entities - Loss from sale of marketable securities (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Dec. 31, 2014
Marketable Securities [Abstract]
Gain (Loss) on Sale of Investments	$ 1.8
Other Comprehensive Income, Marketable Securities	$ 1.1

Inventory - Schedule of Inventory (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013
Real Estate [Abstract]
Homes under construction	$ 395,726		$ 282,095
Development projects in progress	849,644		786,768
Land held for future development	270,518		301,048
Land held for sale	64,929		51,672
Capitalized interest	112,476	99,868	87,619	72,256	61,836	52,562
Model homes	63,743		48,294
Total owned inventory	$ 1,757,036		$ 1,557,496

Inventory - Total Owned Inventory by Segment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Projects in Progress	$ 1,421,589	$ 1,204,776
Land held for future development	270,518	301,048
Land held for sale	64,929	51,672
Total owned inventory	1,757,036	1,557,496
West Segment
Segment Reporting Information [Line Items]
Projects in Progress	576,985	462,508
Land held for future development	230,362	260,898
Land held for sale	10,088	10,026
Total owned inventory	817,435	733,432
East Segment
Segment Reporting Information [Line Items]
Projects in Progress	392,952	353,859
Land held for future development	29,215	29,239
Land held for sale	33,048	34,530
Total owned inventory	455,215	417,628
Southeast Segment
Segment Reporting Information [Line Items]
Projects in Progress	292,380	264,843
Land held for future development	10,941	10,911
Land held for sale	19,931	4,821
Total owned inventory	323,252	280,575
Unallocated and Other
Segment Reporting Information [Line Items]
Projects in Progress	159,272	123,566
Land held for future development	0	0
Land held for sale	1,862	2,295
Total owned inventory	$ 161,134	$ 125,861

Inventory - Recoverability Schedule of Inventory Assets Held for Development, by Reportable Segment (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015 home Community	Mar. 31, 2014 property	Mar. 31, 2015 home	Mar. 31, 2014 property
Real Estate Properties [Line Items]
Number of Communities on Watch List	1	4	1	4
Undiscounted Cash Flow Analysis Prepared for Number of Communities	0	1
Undiscounted Cash Flow Analysis, Aggregate Undiscounted Cash Flow, Percentage of Book Value		0.00%
West Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List	1	1
Undiscounted Cash Flow Analysis Prepared for Number of Communities	0	0
Undiscounted Cash Flow Analysis, Pre-analysis Book Value	$ 0	$ 0
Undiscounted Cash Flow Analysis, Aggregate Undiscounted Cash Flow, Percentage of Book Value	0.00%	0.00%
East Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List		1
Undiscounted Cash Flow Analysis Prepared for Number of Communities		0
Undiscounted Cash Flow Analysis, Pre-analysis Book Value		0
Undiscounted Cash Flow Analysis, Aggregate Undiscounted Cash Flow, Percentage of Book Value		0.00%
Southeast Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List		2
Undiscounted Cash Flow Analysis Prepared for Number of Communities		1
Undiscounted Cash Flow Analysis, Pre-analysis Book Value		$ 7,478,000
Undiscounted Cash Flow Analysis, Aggregate Undiscounted Cash Flow, Percentage of Book Value		107.90%

Inventory - Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Real Estate, Write-down or Reserve [Line Items]
Inventory impairments and option contract abandonments	$ 0	$ 880	$ 0	$ 911
Continuing Operations [Member]
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	0	28	0	59
Inventory impairments and option contract abandonments	0	880	0	911
Continuing Operations [Member] \| East Segment
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	0	0	0	31
Continuing Operations [Member] \| Southeast Segment
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	0	28	0	28
Lot Option Abandonments	$ 0	$ 852	$ 0	$ 852

Inventory - Summary of Interests in Lot Option Agreements (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	$ 54,778	$ 43,529
Remaining obligations	438,441	420,534
Land not owned under option agreements	0	3,857
Consolidated VIEs
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred		941
Remaining obligations		2,916
Land not owned under option agreements		3,857
Unconsolidated lot option agreements
Real Estate Properties [Line Items]
Deposits and non-refundable preacquisition costs incurred	54,778	42,588
Remaining obligations	438,441	417,618
Land not owned under option agreements	$ 0	$ 0

Inventory - Narrative (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015 home	Mar. 31, 2014 property	Mar. 31, 2015 home	Mar. 31, 2014 property	Sep. 30, 2014 home
Real Estate Properties [Line Items]
Number of substantially completed homes unsold	115		115		205
Total value of substantially completed homes	$ 29.3		$ 29.3		$ 48.0
Threshold number of homes below a minimum threshold of profitability	10		10
Number of Communities on Watch List	1	4	1	4
Southeast Segment
Real Estate Properties [Line Items]
Number of Communities on Watch List		2

Interest - Schedule of Capitalized Interest (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 99,868	$ 61,836	$ 87,619	$ 52,562
Interest incurred	30,259	32,458	60,542	64,899
Interest expense not qualified for capitalization and included as other expense (a)	(7,695)	(14,659)	(17,442)	(30,691)
Capitalized interest amortized to house construction and land sales expenses (b)	(9,956)	(7,379)	(18,243)	(14,514)
Capitalized interest in inventory, end of period	$ 112,476	$ 72,256	$ 112,476	$ 72,256

Earnings Per Share - Narrative (Details) (USD $) In Thousands, except Share data in Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Stock Options	Mar. 31, 2015 Nonvested Stock Awards	Mar. 31, 2015 Tangible Equity Units	Mar. 31, 2015 Debt Instrument, Convertible, Stock Price Trigger, Range One TEU Senior Amortizing Notes	Mar. 31, 2015 Debt Instrument, Convertible, Stock Price Trigger, Range Two TEU Senior Amortizing Notes	Mar. 31, 2015 Senior Notes TEU Senior Amortizing Notes	Sep. 30, 2014 Senior Notes TEU Senior Amortizing Notes
Earnings Per Share [Line Items]
Stock Issued During Period, Shares, Conversion of Convertible Securities	0.7	1.0	5.3
Tangible Equity Units outstanding			3.7
Senior notes						$ 3,401	$ 6,703
Debt Instrument, Convertible, Conversion Ratio				1.72414	1.40746
Debt Instrument, Convertible, Stock Price Trigger				$ 14.50	$ 17.75
Dividend			$ 25.00
Shares of common stock issuable upon conversion			5.3

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

- Definition

Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount.

+ References+ Details

- Definition

The number of equity instruments that the holder of the debt instrument would receive if the debt was converted to equity.

+ References+ Details

Borrowings - Schedule of Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2015 Senior Notes	Sep. 30, 2014 Senior Notes	Mar. 31, 2015 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2014 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Mar. 31, 2015 Senior Notes 6 5/8% Senior Secured Notes	Sep. 30, 2014 Senior Notes 6 5/8% Senior Secured Notes	Mar. 31, 2015 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Mar. 31, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Apr. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Mar. 31, 2015 Senior Notes 7 1/2% Senior Notes Maturing September 2021	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	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Feb. 28, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Mar. 31, 2015 Senior Notes TEU Senior Amortizing Notes	Sep. 30, 2014 Senior Notes TEU Senior Amortizing Notes	Mar. 31, 2015 Junior Subordinated Notes	Sep. 30, 2014 Junior Subordinated Notes	Mar. 31, 2015 Cash Secured Loan	Sep. 30, 2014 Cash Secured Loan	Mar. 31, 2015 Other Secured Notes Payable	Sep. 30, 2014 Other Secured Notes Payable	Nov. 10, 2014 Number of Lenders No Credit Extension [Domain] lender
Debt Instrument [Line Items]
Stated interest rate on debt instrument (percent)					8.125%	8.125%	6.625%	6.625%	9.125%	9.125%	5.75%	0.00%	5.75%	7.50%	7.50%	7.50%	7.25%	7.25%	7.25%			7.987%
Senior notes					$ 172,879	$ 172,879	$ 300,000	$ 300,000	$ 235,000	$ 235,000	$ 325,000	$ 325,000		$ 200,000	$ 200,000		$ 200,000	$ 200,000		$ 3,401	$ 6,703
Unamortized debt discounts	(4,019)	(4,399)	(4,019)	(4,399)																		(44,000)
Long-term debt	$ 1,535,172	$ 1,535,433	$ 1,432,261	$ 1,435,183																		$ 56,770	$ 55,737	$ 22,368	$ 22,368	$ 23,773	$ 22,145
Line of Credit Facility, Number of Lenders																												1

- Definition

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

+ References+ Details

Borrowings - Narrative (Details) (USD $)	3 Months Ended		6 Months Ended					1 Months Ended	3 Months Ended			3 Months Ended			3 Months Ended							3 Months Ended						3 Months Ended								12 Months Ended		6 Months Ended			6 Months Ended				6 Months Ended								6 Months Ended
Borrowings - Narrative (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014	Mar. 31, 2015 Senior Notes	Sep. 30, 2014 Senior Notes	Jul. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Mar. 31, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Apr. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Mar. 31, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019 Optional Redemption Under Indenture	Mar. 31, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019 In Compliance	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019 In Compliance	Mar. 31, 2015 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Mar. 31, 2015 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 1/2% Senior Notes Maturing September 2021	Mar. 31, 2015 Senior Notes 7 1/2% Senior Notes Maturing September 2021 Minimum	Mar. 31, 2015 Senior Notes 7 1/2% Senior Notes Maturing September 2021 Maximum	Mar. 31, 2015 Senior Notes 7 1/2% Senior Notes Maturing September 2021 Optional Redemption Under Indenture	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Feb. 28, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023 Minimum	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023 Maximum	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023 Optional Redemption Under Indenture	Mar. 31, 2015 Senior Notes 7 1/4% Senior Notes Maturing February 2023 In Compliance	Mar. 31, 2015 Senior Notes 6.625% Senior Secured Notes	Sep. 30, 2014 Senior Notes 6.625% Senior Secured Notes	Mar. 31, 2015 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Mar. 31, 2015 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2014 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, 2015 Junior Subordinated Notes	Sep. 30, 2014 Junior Subordinated Notes	Jan. 15, 2010 Junior Subordinated Notes	Mar. 31, 2015 Cash Secured Loan	Sep. 30, 2014 Cash Secured Loan	Mar. 31, 2015 Other Secured Notes Payable	Sep. 30, 2014 Other Secured Notes Payable	Mar. 31, 2015 Secured Revolving Credit Facility	Nov. 10, 2014 Secured Revolving Credit Facility lender	Sep. 30, 2014 Secured Revolving Credit Facility	Mar. 31, 2015 Letter of Credit, Cash Secured [Member]	Sep. 30, 2014 Letter of Credit, Cash Secured [Member]	Mar. 31, 2015 Revolving Credit Facility Future Amount [Member]	Nov. 10, 2014 Number of Lenders No Credit Extension [Domain] lender	Nov. 10, 2014 Number of Lenders Extending Credit Facility [Domain] lender	Mar. 31, 2015 London Interbank Offered Rate (LIBOR) [Member] Cash Secured Loan
Line of Credit Facility [Abstract]
Credit facility borrowing capacity																																													$ 150,000,000
Line of Credit, Current																																																		20,000,000
Amount of available borrowings under the Secured Revolving Credit Facility	123,400,000		123,400,000
Inventory assets pledged as collateral																																													1,000,000,000
Outstanding borrowings under the Secured Revolving Credit Facility	26,600,000		26,600,000																																										0		0
Letters of credit secured using cash collateral																																																16,000,000	39,100,000
Senior Notes [Abstract]
Minimum consolidated tangible net worth						85,000,000
Percentage of debt, at par, required to be offered for purchase						10.00%
Amount of original debt that could be repurchased						27,500,000
Consolidated Tangible Net Worth	238,100,000		238,100,000
Aggregate principal amount of debt											325,000,000						200,000,000								200,000,000													103,100,000		75,000,000
Stated interest rate on debt instrument (percent)									5.75%	0.00%	5.75%					7.50%	7.50%	7.50%				7.25%		7.25%	7.25%					6.625%	6.625%	9.125%	9.125%	8.125%	8.125%		7.50%	7.987%
Tangible Equity Units TEUs Converted																																				890,000
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed								100.00%									100.00%						100.00%
Call price and make-whole premiums provided for by 2018 Notes															17,200,000
Stock Exchange, Debt Related to Tangible Equity Unit																																				2,400,000
Loss on extinguishment of debt	0	(153,000)	0	(153,000)											(19,800,000)
Debt Issuance Discount																	98.541%
Tangible Capital [Abstract]
Tangible Equity Units (TEUs) issued during period, (units)																																					4,600,000
Junior Subordinated Notes [Abstract]
Effective period of debt instrument interest rate																																						10 years
Debt instrument redemption price (percent)												105.75%	100.00%	0.00%		100.00%			100.00%	105.625%	107.50%	100.00%				100.00%	103.625%	107.25%	101.00%
Debt Instrument, Redemption Price, Percentage									35.00%			65.00%				35.00%						35.00%						65.00%
Debt Instrument, Repurchase Percentage																					65.00%
Unamortized accretion	4,019,000		4,019,000		4,399,000	4,019,000	4,399,000																															44,000,000
Secured Debt [Abstract]
Three-month LIBOR																																									LIBOR
Spread on variable interest rate (percent)																																																					0.40%
Long-term debt	1,535,172,000		1,535,172,000		1,535,433,000	1,432,261,000	1,435,183,000																															56,770,000	55,737,000		22,368,000	22,368,000	23,773,000	22,145,000
Weighted average fixed interest rate of debt (percent)																																											4.69%
Line of Credit Facility, Number of Lenders																																														4					1	3
Line of Credit Facility, Expiration Period																																													1 year
Long-term Line of Credit, Noncurrent																																																		$ 130,000,000

Income Taxes - Narrative (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
Income Tax Disclosure [Line Items]
Uncertain tax positions reasonably possible to reverse in next twelve months	$ 3,200,000
Accrued interest and penalties	400,000	400,000
Limit on operating loss carryforwards and recognition	11,400,000
Limit on operating loss carryforwards and recognition, tax-effected	4,000,000
Total deferred tax assets	477,071,000
Deferred tax liabilities	(43,496,000)
Net deferred tax assets before valuation allowance	433,575,000
Valuation allowance	433,529,000	445,200,000
Net deferred tax assets	46,000
Maximum
Income Tax Disclosure [Line Items]
Limit on operating loss carryforwards and recognition	392,700,000
Limit on operating loss carryforwards and recognition, tax-effected	425,600,000
Certain Components Likely To Be Subject To Annual Limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	40,905,000
Certain Components Likely To Be Subject To Annual Limitation \| Maximum
Income Tax Disclosure [Line Items]
Net deferred tax assets	40,900,000
Certain Components Likely To Be Subject To Annual Limitation \| Minimum
Income Tax Disclosure [Line Items]
Net deferred tax assets	7,900,000
Subject To Annual Limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	102,207,000
Generally Not Subject to Annual Limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	$ 333,959,000

Contingencies - Warranty (Details) (USD $)	3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended	12 Months Ended	3 Months Ended	6 Months Ended
Contingencies - Warranty (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015 Specific Warranty Issue	Mar. 31, 2015 FLORIDA home	Dec. 31, 2014 FLORIDA home	Mar. 31, 2015 FLORIDA home	Sep. 30, 2014 FLORIDA home	Dec. 31, 2014 FLORIDA Specific Warranty Issue	Mar. 31, 2015 FLORIDA Specific Warranty Issue	Mar. 31, 2015 NEW JERSEY Specific Warranty Issue Community
Loss Contingencies [Line Items]
Standard product warranty length, minimum			1 year
Standard product warranty length, maximum			2 years
Limited product warranty length			5 years
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 27,227,000	$ 11,911,000	$ 16,084,000	$ 11,663,000		$ 16,200,000	$ 4,000,000	$ 4,000,000
Accruals for warranties issued	1,630,000	1,047,000	3,155,000	2,170,000
Changes in liability related to warranties existing in prior periods	6,524,000	1,480,000	20,754,000	3,223,000
Payments made	(6,587,000)	(1,877,000)	(11,199,000)	(4,495,000)
Balance at end of period	28,794,000	12,561,000	28,794,000	12,561,000		17,200,000	16,200,000	17,200,000	4,000,000
Standard product warranty										8 years		8 years
Product warranty expense					22,800,000						22,200,000	600,000
Homes likely to require more than minor repairs							382	436	135
Homes repaired during period							42	65	11
Number of homes requiring more than minor repairs accounted for in warranty liability						340		340	124
Number of Communities With Water Intrusion Issues												1
Product warranty accrual, warranties issued						4,300,000	13,600,000		4,300,000
Product warranty accrual, payments						3,300,000	1,400,000		300,000
Insurance Recoveries	$ 5,700,000					$ 4,300,000

Contingencies - Litigation and Other Matters (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Mar. 31, 2015	Sep. 30, 2014
Loss Contingencies [Line Items]
Company's liability under Deferred Prosecution Agreement (percent)	4.00%
Maximum liability under the DPA and other settlement agreements	$ 48.0
Portion of liability under DPA that has been paid as of balance sheet date	24.9
Additional liability recorded as of end of period	0.8
Accrued amounts for litigation and other contingent liabilities	8.4	13.4
Performance Bonds
Loss Contingencies [Line Items]
Letters of credit secured using cash collateral	42.6
Pledged Assets Separately Reported, Securities Pledged for Other Debt Obligations, at Fair Value	$ 217.4

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Land held for sale		$ 4,766
Fair Value, Measurements, Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Land held for sale		0
Fair Value, Measurements, Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Land held for sale		0
Fair Value, Measurements, Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Land held for sale		4,766
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	567	409
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	0	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	567	409
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	$ 0	$ 0

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying values and estimated fair values of other financial assets and liabilities	$ 1,489,031	$ 1,490,919
Carrying Amount \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,432,261	1,435,183
Carrying Amount \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	56,770	55,736
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying values and estimated fair values of other financial assets and liabilities	1,503,471	1,518,635
Fair Value \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,446,701	1,462,899
Fair Value \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Junior Subordinated Notes	$ 56,770	$ 55,736

Fair Value Measurements - Narrative (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Fair Value Disclosures [Abstract]
Accumulated other comprehensive loss	$ 0	$ (1,276)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Stock-based Compensation - Stock options and SSARs outstanding (Details) (SSARs / Stock Options, USD $)	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014
SSARs / Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding at beginning of period (shares)	646,630	646,630	650,223	650,233
Options Granted	0	0
Share-Based Compensation Arrangement By ShareBased Payment Award, Exercises In Period	456	456
Share-based Compensation Arrangement by Share-based Payment Award, Expirations in Period	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Forfeitures in Period	3,137	3,147
Exercisable at end of period (shares)	491,932	491,932
Vested or expected to vest in the future (shares)	646,437	646,437
Weighted average exercise price of shares outstanding at beginning of period (in US$ per share)	$ 18.12	$ 18.12	$ 18.12	$ 18.12
Share-based Compensation Arrangements by Share-based Payment Award, Grants in Period, Weighted Average Exercise Price	$ 0.00	$ 0.00
Share-based Compensation Arrangements by Share-based Payment Award, Exercises in Period, Weighted Average Exercise Price	$ 12.07	$ 12.07
Share-based Compensation Arrangements by Share-based Payment Award, Expirations in Period, Weighted Average Exercise Price	$ 0.00	$ 0.00
Share-based Compensation Arrangements by Share-based Payment Award, Forfeitures in Period, Weighted Average Exercise Price	$ 20.32	$ 20.32
Weighted average exercise price of shares exercisable at end of period (in US$ per share)	$ 18.39	$ 18.39
Weighted average exercise price of shares vested or expected to vest in the future (in US$ per share)	$ 18.12	$ 18.12

- Narrative (Details) (USD $)	3 Months Ended	6 Months Ended					6 Months Ended
- Narrative (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015 SSARs / Stock Options	Mar. 31, 2015 Nonvested Stock Awards	Sep. 30, 2014 Nonvested Stock Awards	Mar. 31, 2015 Performance Shares	Mar. 31, 2015 Minimum Performance Shares	Mar. 31, 2015 Maximum Performance Shares	Mar. 31, 2015 Pre-tax Income Performance Shares Minimum Performance Shares	Mar. 31, 2015 Pre-tax Income Performance Shares Maximum Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation included in general and administrative expenses	$ 1,500,000	$ 2,900,000
Total stock-based compensation included in general and administrative expenses, net of tax	1,100,000	2,200,000
Number of shares surrendered by employees (shares)		9,899	21,772
Payments Related to Tax Withholding for Share-based Compensation		185,000	414,000
Intrinsic value of SSAR/stock options outstanding				1,400,000
SSARs/stock options weighted average expected life				2 years 3 months
Aggregate intrinsic value of exercisable SSARs/stock options				1,200,000
Unrecognized compensation costs related to non-vested stock awards					$ 14,300,000	$ 10,000,000
Weighted average period to recognize remaining cost					2 years 10 months 12 days
Number of shares of performance-based restricted stock issued (shares)							194,341
Non-vested stock performance period (years)							3 years
Vesting percent of target number								0.00%	150.00%
Award vesting period							3 years
Granted							$ 19.90
Expected dividend yield on performance shares (percent)							0.00%
Expected volatility rate range minimum (percent)							29.00%
Expected volatility rate range maximum (percent)							185.80%
Risk free interest rate							0.94%
Equity instruments other than options, payout percent										50.00%	200.00%

Stock-based Compensation - Nonvested Stock Awards (Details) (Nonvested Stock Awards and Performance Shares, USD $)	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2015
Nonvested Stock Awards and Performance Shares
Shares
Beginning of period	968,439	746,567
Granted	0	390,870
Vested	271	63,078
Forfeited	14,560	120,751
End of period	953,608	953,608
Weighted Average Grant Date Fair Value
Beginning of period	$ 18.31	$ 15.76
Granted	$ 0.00	$ 19.07
Vested	$ 18.85	$ 15.90
Forfeited	$ 19.11	$ 6.39
End of period	$ 18.29	$ 18.29

Other Accrued Liabilities Other Accrued Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013
Other Liabilities Disclosure [Abstract]
Accrued interest	$ 31,554		$ 34,645
Accrued warranty expenses	28,794	27,227	16,084	12,561	11,911	11,663
Customer deposits	18,959		11,977
Accrued and deferred compensation	12,381		24,270
Income tax liabilities	2,303		5,576
Litigation Accrual	8,371		13,401
Other	35,073		36,563
Total	$ 137,435		$ 142,516

- Definition

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

+ References+ Details

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

3 Months Ended

6 Months Ended

Mar. 31, 2015

state

Mar. 31, 2014

Mar. 31, 2015

segment

state

Mar. 31, 2014

Sep. 30, 2014

Segment Reporting Information [Line Items]

Number of homebuilding segments

Number of states in which home building segments operate

Total revenue

$ 299,359

$ 270,021

$ 565,123

$ 563,191

Total operating income (loss)

6,436

5,617

(3,054)

17,149

Depreciation and amortization

2,781

2,831

5,122

5,738

Capital Expenditures

7,478

6,641

Assets

2,032,253

2,066,220

Operating Segments

Segment Reporting Information [Line Items]

Total operating income (loss)

23,394

21,494

31,313

51,119

Depreciation and amortization

2,330

2,218

4,250

4,683

West Segment

Segment Reporting Information [Line Items]

Total revenue

115,381

121,886

202,846

244,462

Total operating income (loss)

10,599

14,338

17,382

30,100

Depreciation and amortization

1,265

1,304

2,032

2,686

Capital Expenditures

2,659

2,661

Assets

835,345

756,575

East Segment

Segment Reporting Information [Line Items]

Total revenue

103,179

83,366

207,992

190,955

Total operating income (loss)

5,744

2,994

13,113

11,229

Depreciation and amortization

526

556

1,194

1,248

Capital Expenditures

2,067

1,546

Assets

466,764

433,032

Southeast Segment

Segment Reporting Information [Line Items]

Total revenue

80,799

64,769

154,285

127,774

Total operating income (loss)

7,051

4,162

818

9,790

Depreciation and amortization

539

358

1,024

749

Capital Expenditures

1,899

1,022

Assets

336,106

299,215

Corporate and unallocated

Segment Reporting Information [Line Items]

Total operating income (loss)

(16,958)

(15,877)

(34,367)

(33,970)

Depreciation and amortization

451

^[1]

613

^[1]

872

^[1]

1,055

^[1]

Capital Expenditures

853

1,412

Assets

$ 394,038

^[2]

$ 394,038

^[2]

$ 577,398

^[2]

[1]

Corporate and unallocated operating loss includes amortization of capitalized interest and expenses related to numerous shared services functions including information technology, treasury, corporate finance, legal, branding and other national marketing costs that benefit all segments, the costs of which are not allocated to the operating segments reported above. Corporate and unallocated depreciation and amortization represents depreciation and amortization related to assets held by corporate functions that benefit all segments.

[2]

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

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
ASSETS
Cash and cash equivalents	$ 146,261	$ 324,154	$ 299,620	$ 504,459
Restricted cash	43,169	62,941
Accounts receivable (net of allowance of $1,305)	35,880	34,429
Income tax receivable	46	46
Owned inventory	1,757,036	1,557,496
Consolidated inventory not owned	0	3,857
Investments in marketable securities and unconsolidated entities	10,372	38,341
Deferred tax assets, net	46	2,823
Property, plant and equipment, net	21,153	18,673
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	18,290	23,460
Total assets	2,032,253	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	100,844	106,237
Other liabilities	137,435	142,516
Intercompany	0	0
Obligations related to land not owned under option agreements	0	2,916
Total debt (net of discounts of $4,019 and $4,399, respectively)	1,535,172	1,535,433
Total liabilities	1,773,451	1,787,102
Stockholders’ equity	258,802	279,118
Total liabilities and stockholders’ equity	2,032,253	2,066,220
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	136,642	301,980	302,176	499,341
Restricted cash	41,665	61,945
Accounts receivable (net of allowance of $1,305)	0	0
Income tax receivable	46	46
Owned inventory	0	0
Consolidated inventory not owned		0
Investments in marketable securities and unconsolidated entities	773	773
Deferred tax assets, net	46	2,823
Property, plant and equipment, net	0	0
Investments in subsidiaries	251,040	253,540
Intercompany	1,359,657	1,195,349
Other assets	14,835	17,226
Total assets	1,804,704	1,833,682
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	32,109	38,871
Intercompany	2,394	2,405
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $4,019 and $4,399, respectively)	1,511,399	1,513,288
Total liabilities	1,545,902	1,554,564
Stockholders’ equity	258,802	279,118
Total liabilities and stockholders’ equity	1,804,704	1,833,682
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	12,037	22,034	1,699	6,324
Restricted cash	1,504	996
Accounts receivable (net of allowance of $1,305)	35,877	34,428
Income tax receivable	0	0
Owned inventory	1,757,036	1,557,496
Consolidated inventory not owned		3,857
Investments in marketable securities and unconsolidated entities	9,599	37,568
Deferred tax assets, net	0	0
Property, plant and equipment, net	21,153	18,673
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	3,365	6,144
Total assets	1,840,571	1,681,196
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	100,844	106,237
Other liabilities	104,694	102,833
Intercompany	1,363,056	1,196,823
Obligations related to land not owned under option agreements		2,916
Total debt (net of discounts of $4,019 and $4,399, respectively)	23,773	22,145
Total liabilities	1,592,367	1,430,954
Stockholders’ equity	248,204	250,242
Total liabilities and stockholders’ equity	1,840,571	1,681,196
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	981	1,614	1,689	1,637
Restricted cash	0	0
Accounts receivable (net of allowance of $1,305)	3	1
Income tax receivable	0	0
Owned inventory	0	0
Consolidated inventory not owned		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	2,394	2,405
Other assets	90	90
Total assets	3,468	4,110
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	632	812
Intercompany	0	0
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $4,019 and $4,399, respectively)	0	0
Total liabilities	632	812
Stockholders’ equity	2,836	3,298
Total liabilities and stockholders’ equity	3,468	4,110
Consolidating Adjustments
ASSETS
Cash and cash equivalents	(3,399)	(1,474)	(5,944)	(2,843)
Restricted cash	0	0
Accounts receivable (net of allowance of $1,305)	0	0
Income tax receivable	0	0
Owned inventory	0	0
Consolidated inventory not owned		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	(251,040)	(253,540)
Intercompany	(1,362,051)	(1,197,754)
Other assets	0	0
Total assets	(1,616,490)	(1,452,768)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(1,365,450)	(1,199,228)
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $4,019 and $4,399, respectively)	0	0
Total liabilities	(1,365,450)	(1,199,228)
Stockholders’ equity	(251,040)	(253,540)
Total liabilities and stockholders’ equity	$ (1,616,490)	$ (1,452,768)

Supplemental Guarantor Information - Unaudited Consolidating Balance Sheet Information (Parenthetical) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Allowances for accounts receivable	$ 1,305	$ 1,245

Supplemental Guarantor Information - Unaudited Consolidating Statement of Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 299,359	$ 270,021	$ 565,123	$ 563,191
Home construction and land sales expenses	245,446	216,969	475,992	455,438
Inventory impairments and option contract abandonments	0	880	0	911
Gross profit	53,913	52,172	89,131	106,842
Commissions	11,969	11,096	22,895	22,917
General and administrative expenses	32,727	32,628	64,168	61,038
Depreciation and amortization	2,781	2,831	5,122	5,738
Operating income (loss)	6,436	5,617	(3,054)	17,149
Equity in income (loss) of unconsolidated entities	82	(17)	224	302
Loss on extinguishment of debt	0	(153)	0	(153)
Other (expense) income, net	(8,473)	(13,727)	(17,907)	(29,484)
(Loss) income before income taxes	(1,955)	(8,280)	(20,737)	(12,186)
(Benefit from) provision for income taxes	105	(56)	(591)	(14)
Equity in income of subsidiaries	0	0	0	0
Loss from continuing operations	(2,060)	(8,224)	(20,146)	(12,172)
Income (loss) from discontinued operations, net of tax	64	253	(4,190)	(937)
Equity in income of subsidiaries from discontinued operations	0	0	0	0
Net loss	(1,996)	(7,971)	(24,336)	(13,109)
Change in unrealized loss related to available-for-sale securities	1,070	0	1,276	0
Comprehensive loss	(926)	(7,971)	(23,060)	(13,109)
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue	0	0	0	0
Home construction and land sales expenses	9,782	7,379	17,976	14,514
Inventory impairments and option contract abandonments		0		0
Gross profit	(9,782)	(7,379)	(17,976)	(14,514)
Commissions	0	0	0	0
General and administrative expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Operating income (loss)	(9,782)	(7,379)	(17,976)	(14,514)
Equity in income (loss) of unconsolidated entities	0	0	0	0
Loss on extinguishment of debt		(153)		(153)
Other (expense) income, net	(7,695)	(14,659)	(17,442)	(30,692)
(Loss) income before income taxes	(17,477)	(22,191)	(35,418)	(45,359)
(Benefit from) provision for income taxes	(6,456)	(210)	(13,083)	(199)
Equity in income of subsidiaries	8,961	13,757	2,189	32,988
Loss from continuing operations	(2,060)	(8,224)	(20,146)	(12,172)
Income (loss) from discontinued operations, net of tax	0	0	0	0
Equity in income of subsidiaries from discontinued operations	64	253	(4,190)	(937)
Net loss	(1,996)	(7,971)	(24,336)	(13,109)
Change in unrealized loss related to available-for-sale securities	1,070		1,276
Comprehensive loss	(926)		(23,060)
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	299,359	270,021	565,123	563,191
Home construction and land sales expenses	235,697	209,690	458,147	441,104
Inventory impairments and option contract abandonments		880		911
Gross profit	63,662	59,451	106,976	121,176
Commissions	11,969	11,096	22,895	22,917
General and administrative expenses	32,694	32,592	64,108	60,976
Depreciation and amortization	2,781	2,831	5,122	5,738
Operating income (loss)	16,218	12,932	14,851	31,545
Equity in income (loss) of unconsolidated entities	82	(17)	224	302
Loss on extinguishment of debt		0		0
Other (expense) income, net	(777)	933	(463)	1,212
(Loss) income before income taxes	15,523	13,848	14,612	33,059
(Benefit from) provision for income taxes	6,561	131	12,467	145
Equity in income of subsidiaries	0	0	0	0
Loss from continuing operations	8,962	13,717	2,145	32,914
Income (loss) from discontinued operations, net of tax	68	257	(4,183)	(930)
Equity in income of subsidiaries from discontinued operations	0	0	0	0
Net loss	9,030	13,974	(2,038)	31,984
Change in unrealized loss related to available-for-sale securities	0		0
Comprehensive loss	9,030		(2,038)
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue	33	100	131	180
Home construction and land sales expenses	0	0	0	0
Inventory impairments and option contract abandonments		0		0
Gross profit	33	100	131	180
Commissions	0	0	0	0
General and administrative expenses	33	36	60	62
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	64	71	118
Equity in income (loss) of unconsolidated entities	0	0	0	0
Loss on extinguishment of debt		0		0
Other (expense) income, net	(1)	(1)	(2)	(4)
(Loss) income before income taxes	(1)	63	69	114
(Benefit from) provision for income taxes	0	23	25	40
Equity in income of subsidiaries	0	0	0	0
Loss from continuing operations	(1)	40	44	74
Income (loss) from discontinued operations, net of tax	(4)	(4)	(7)	(7)
Equity in income of subsidiaries from discontinued operations	0	0	0	0
Net loss	(5)	36	37	67
Change in unrealized loss related to available-for-sale securities	0		0
Comprehensive loss	(5)		37
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total revenue	(33)	(100)	(131)	(180)
Home construction and land sales expenses	(33)	(100)	(131)	(180)
Inventory impairments and option contract abandonments		0		0
Gross profit	0	0	0	0
Commissions	0	0	0	0
General and administrative expenses	0	0	0	0
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Equity in income (loss) of unconsolidated entities	0	0	0	0
Loss on extinguishment of debt		0		0
Other (expense) income, net	0	0	0	0
(Loss) income before income taxes	0	0	0	0
(Benefit from) provision for income taxes	0	0	0	0
Equity in income of subsidiaries	(8,961)	(13,757)	(2,189)	(32,988)
Loss from continuing operations	(8,961)	(13,757)	(2,189)	(32,988)
Income (loss) from discontinued operations, net of tax	0	0	0	0
Equity in income of subsidiaries from discontinued operations	(64)	(253)	4,190	937
Net loss	(9,025)	(14,010)	2,001	(32,051)
Change in unrealized loss related to available-for-sale securities	0		0
Comprehensive loss	$ (9,025)		$ 2,001

Supplemental Guarantor Information - Unaudited Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	$ (202,916)	$ (188,052)
Cash flows from investing activities:
Capital expenditures	(7,478)	(6,641)
Investments in unconsolidated entities	(1,670)	(3,193)
Return of Capital from marketable securities and unconsolidated entities	24,211	0
Increases in restricted cash	(2,487)	(2,588)
Decreases in restricted cash	22,259	801
Payments to Acquire Interest in Subsidiaries and Affiliates	0
Net cash provided by (used in) investing activities	34,835	(11,621)
Cash flows from financing activities:
Repayment of debt	(9,514)	(4,747)
Debt issuance costs	(126)	(26)
Payments of Dividends	0
Advances to/from subsidiaries	0	0
Other financing activities	(172)	(393)
Net cash used in financing activities	(9,812)	(5,166)
Decrease in cash and cash equivalents	(177,893)	(204,839)
Cash and cash equivalents at beginning of period	324,154	504,459
Cash and cash equivalents at end of period	146,261
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(31,274)	(45,803)
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of Capital from marketable securities and unconsolidated entities	0
Increases in restricted cash	(1,319)	(1,898)
Decreases in restricted cash	21,601	39
Payments to Acquire Interest in Subsidiaries and Affiliates	(145,846)
Net cash provided by (used in) investing activities	(125,564)	(1,859)
Cash flows from financing activities:
Repayment of debt	(8,702)	(3,857)
Debt issuance costs	(126)	(26)
Payments of Dividends	(500)
Advances to/from subsidiaries	0	(145,227)
Other financing activities	(172)	(393)
Net cash used in financing activities	(8,500)	(149,503)
Decrease in cash and cash equivalents	(165,338)	(197,165)
Cash and cash equivalents at beginning of period	301,980	499,341
Cash and cash equivalents at end of period	136,642
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(171,497)	(142,360)
Cash flows from investing activities:
Capital expenditures	(7,478)	(6,641)
Investments in unconsolidated entities	(1,670)	(3,193)
Return of Capital from marketable securities and unconsolidated entities	24,211
Increases in restricted cash	(1,168)	(690)
Decreases in restricted cash	658	762
Payments to Acquire Interest in Subsidiaries and Affiliates	0
Net cash provided by (used in) investing activities	14,553	(9,762)
Cash flows from financing activities:
Repayment of debt	(812)	(890)
Debt issuance costs	0	0
Payments of Dividends	0
Advances to/from subsidiaries	147,759	148,387
Other financing activities	0	0
Net cash used in financing activities	146,947	147,497
Decrease in cash and cash equivalents	(9,997)	(4,625)
Cash and cash equivalents at beginning of period	22,034	6,324
Cash and cash equivalents at end of period	12,037
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	(145)	111
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of Capital from marketable securities and unconsolidated entities	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Payments to Acquire Interest in Subsidiaries and Affiliates	0
Net cash provided by (used in) investing activities	0	0
Cash flows from financing activities:
Repayment of debt	0	0
Debt issuance costs	0	0
Payments of Dividends	500
Advances to/from subsidiaries	12	(59)
Other financing activities	0	0
Net cash used in financing activities	(488)	(59)
Decrease in cash and cash equivalents	(633)	52
Cash and cash equivalents at beginning of period	1,614	1,637
Cash and cash equivalents at end of period	981
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash used in operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Investments in unconsolidated entities	0	0
Return of Capital from marketable securities and unconsolidated entities	0
Increases in restricted cash	0	0
Decreases in restricted cash	0	0
Payments to Acquire Interest in Subsidiaries and Affiliates	145,846
Net cash provided by (used in) investing activities	145,846	0
Cash flows from financing activities:
Repayment of debt	0	0
Debt issuance costs	0	0
Payments of Dividends	0
Advances to/from subsidiaries	(147,771)	(3,101)
Other financing activities	0	0
Net cash used in financing activities	(147,771)	(3,101)
Decrease in cash and cash equivalents	(1,925)	(3,101)
Cash and cash equivalents at beginning of period	(1,474)	(2,843)
Cash and cash equivalents at end of period	$ (3,399)

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

3 Months Ended

6 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Mar. 31, 2015

Mar. 31, 2014

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

Inventory impairments and option contract abandonments

$ 0

$ 880,000

$ 0

$ 911,000

Income (loss) from discontinued operations, net of tax

64,000

253,000

(4,190,000)

(937,000)

Discontinued Operations

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

Total revenue

280,000

464,000

Home construction and land sales expenses

105,000

^[1]

1,497,000

^[1]

4,056,000

^[1]

2,952,000

^[1]

Gross profit

175,000

(1,497,000)

(3,776,000)

(2,488,000)

General and administrative expenses

114,000

^[2]

(1,750,000)

^[2]

418,000

^[2]

(1,561,000)

^[2]

Operating income (loss)

61,000

253,000

(4,194,000)

(927,000)

Other (expense) income, net

1,000

Income (loss) from discontinued operations before income taxes

62,000

253,000

(4,193,000)

(927,000)

Provision for (benefit from) income taxes

(2,000)

(3,000)

10,000

Income (loss) from discontinued operations, net of tax

64,000

253,000

(4,190,000)

(937,000)

Litigation settlement cost

3,700,000

Legal Fee Recoveries

$ 1,900,000

[1]	The six months ended March 31, 2015 includes a $3.7 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operation in Denver, Colorado.
[2]	The three and six months ended March 31, 2014 includes approximately $1.9 million of recoveries received for legal fees related to outstanding matters in Denver, Colorado.

Description of Business (Details)	Mar. 31, 2015 state
Number of States [Abstract]
Number of states in which home building segments operate	15