Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2015	Nov. 05, 2015	Mar. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	BEAZER HOMES USA INC
Entity Central Index Key	0000915840
Document Type	10-K
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		32,660,583
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 479,080,224

CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Total revenue	$ 1,627,413	$ 1,463,767	$ 1,287,577
Home construction and land sales expenses	1,351,860	1,192,001	1,070,814
Inventory impairments and option contract abandonments	3,109	8,307	2,633
Gross profit	272,444	263,459	214,130
Commissions	65,023	58,028	52,922
General and administrative expenses	142,496	136,463	121,163
Depreciation and amortization	13,338	13,279	12,784
Operating income	51,587	55,689	27,261
Equity in income (loss) of unconsolidated entities	536	6,545	(113)
Loss on extinguishment of debt	(80)	(19,917)	(4,636)
Other expense, net	(30,013)	(49,191)	(58,165)
Income (loss) from continuing operations before income taxes	22,030	(6,874)	(35,653)
Benefit from income taxes	(324,569)	(41,797)	(3,489)
Income (loss) from continuing operations	346,599	34,923	(32,164)
Loss from discontinued operations, net of tax	(2,505)	(540)	(1,704)
Net income (loss)	344,094	34,383	(33,868)
Weighted average number of shares:
Basic (in shares)	27,628	25,795	24,651
Diluted (in shares)	31,772	31,795	24,651
Basic income (loss) per share:
Continuing operations (in dollars per share)	$ 12.54	$ 1.35	$ (1.30)
Discontinued operations (in dollars per share)	$ (0.09)	$ (0.02)	$ (0.07)
Total (in dollars per share)	$ 12.45	$ 1.33	$ (1.37)
Continuing operations (in dollars per share)	$ 10.91	$ 1.10	$ (1.30)
Discontinued operations (in dollars per share)	$ (0.08)	$ (0.02)	$ (0.07)
Total (in dollars per share)	$ 10.83	$ 1.08	$ (1.37)
Net income (loss)	344,094	34,383	(33,868)
Other comprehensive income (loss), net of income tax:
Change in unrealized loss related to available-for-sale securities	1,276	(1,276)	0
Comprehensive income (loss)	$ 345,370	$ 33,107	$ (33,868)

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
ASSETS
Cash and cash equivalents	$ 251,583	$ 324,154
Restricted cash	38,901	62,941
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	52,379	34,429
Income tax receivable	419	46
Inventory:
Owned inventory	1,697,590	1,557,496
Land not owned under option agreements	0	3,857
Total inventory	1,697,590	1,561,353
Investments in unconsolidated entities and marketable securities	13,734	38,341
Deferred tax assets, net	325,373	2,823
Property and equipment, net	22,230	18,673
Other assets	18,994	23,460
Total assets	2,421,203	2,066,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	113,539	106,237
Other liabilities	148,966	142,516
Obligations related to land not owned under option agreements	0	2,916
Total debt (net of discounts of $3,639 and $4,399, respectively)	1,528,275	1,535,433
Total liabilities	1,790,780	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, 32,660,583 issued and outstanding and 27,173,421 issued and outstanding, respectively)	33	27
Paid-in capital	857,553	851,624
Accumulated deficit	(227,163)	(571,257)
Accumulated other comprehensive loss	0	(1,276)
Total stockholders’ equity	630,423	279,118
Total liabilities and stockholders’ equity	$ 2,421,203	$ 2,066,220

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
ASSETS
Allowances for accounts receivable	$ 1,052	$ 1,245
LIABILITIES AND STOCKHOLDERS’ EQUITY
Discounts on total debt	$ 3,639	$ 4,399
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	63,000,000	63,000,000
Common stock, shares issued	32,660,583	27,173,421
Common stock, shares outstanding	32,660,583	27,173,421

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common Stock	Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Stockholders' equity at Sep. 30, 2012	$ 262,247	$ 25	$ 833,994	$ (571,772)
Stockholders' equity (shares) at Sep. 30, 2012		24,602,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(33,868)			(33,868)
Change in unrealized loss related to available-for-sale securities	0
Total comprehensive income	(33,868)
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		566,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	9,402	0	9,402
Amortization of nonvested stock awards	2,858		2,858
Exercises of stock options (shares)		1,000
Exercises of stock options	7		7
Shares Paid for Tax Withholding for Share Based Compensation	6,147	0
Tax deficiency from stock transactions	(36)	0	(36)	0	0
Shares issued under employee stock plans, net (shares)		83,000
Shares issued under employee stock plans, net	68	0	68
Common stock issued (shares)		0
Common stock issued	(7)	0	(7)
Common stock redeemed (shares)		(6,000)
Common stock redeemed	(121)		(121)
Stockholders' equity at Sep. 30, 2013	240,550	25	846,165	(605,640)
Stockholders' equity (shares) at Sep. 30, 2013		25,246,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	34,383
Change in unrealized loss related to available-for-sale securities	(1,276)				(1,276)
Total comprehensive income	33,107
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		1,368,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	2,484	2	2,482
Amortization of nonvested stock awards	2,587		2,587
Exercises of stock options (shares)		3,000
Exercises of stock options	39		39
Shares Paid for Tax Withholding for Share Based Compensation	23,602
Tax deficiency from stock transactions	698		698
Shares issued under employee stock plans, net (shares)		596,000
Shares issued under employee stock plans, net	103	0	103
Forfeiture of restricted stock (shares)		(16,000)
Common stock redeemed (shares)		(24,000)
Common stock redeemed	(450)		(450)
Stockholders' equity at Sep. 30, 2014	279,118	27	851,624	(571,257)	(1,276)
Stockholders' equity (shares) at Sep. 30, 2014		27,173,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	344,094			344,094
Change in unrealized loss related to available-for-sale securities	1,276				1,276
Total comprehensive income	345,370
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion) (shares)		5,222,000
Tender Offer of Mandatory Convertible & TEU, Conversion of Mandatory Convertible Notes, & Conversion of TEU (debt to stock conversion)	1	5	(4)
Amortization of nonvested stock awards	6,135		6,135
Exercises of stock options (shares)		1,000
Exercises of stock options	14		14
Shares Paid for Tax Withholding for Share Based Compensation	10,302
Tax deficiency from stock transactions	(22)		(22)
Shares issued under employee stock plans, net (shares)		410,000
Shares issued under employee stock plans, net	0	0	0
Forfeiture of restricted stock (shares)		(135,000)
Common stock redeemed (shares)		(10,000)
Common stock redeemed	(192)		(192)
Other activity	(1)	1	(2)
Stockholders' equity at Sep. 30, 2015	$ 630,423	$ 33	$ 857,553	$ (227,163)	$ 0
Stockholders' equity (shares) at Sep. 30, 2015		32,661,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net income (loss)	$ 344,094	$ 34,383	$ (33,868)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	13,338	13,279	12,784
Stock-based compensation expense	6,135	2,587	2,858
Inventory impairments and option contract abandonments	3,109	8,307	2,650
Deferred and other income tax benefit	(326,360)	(12,590)	(421)
Change in allowance for doubtful accounts	(193)	(406)	(584)
Equity in loss (income) of unconsolidated entities and marketable securities	1,294	(6,545)	114
Cash distributions of income from unconsolidated entities	224	566	336
Loss on extinguishment of debt	0	2,670	4,636
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(17,757)	(11,681)	2,841
(Increase) decrease in income tax receivable	(373)	2,767	3,559
Increase in inventory	(121,700)	(230,138)	(186,349)
(Increase) decrease in other assets	(165)	1,292	1,906
Increase in trade accounts payable	7,302	22,437	14,532
Increase in other liabilities	10,260	13,002	413
Other changes	(257)	(399)	(49)
Net cash used in operating activities	(81,049)	(160,469)	(174,642)
Cash flows from investing activities:
Capital expenditures	(15,964)	(14,553)	(10,761)
Investments in unconsolidated entities	(4,944)	(5,218)	(3,879)
Proceeds from sale of unconsolidated entities and marketable securities	24,245	1,703	510
Increases in restricted cash	(5,546)	(15,608)	(4,790)
Decreases in restricted cash	29,586	1,645	209,072
Net cash provided by (used in) investing activities	27,377	(32,031)	190,152
Cash flows from financing activities:
Repayment of debt	(18,573)	(307,602)	(184,723)
Proceeds from issuance of new debt	0	325,000	397,082
Repayment of cash secured loans	0	0	(205,000)
Debt issuance costs	(126)	(5,490)	(5,548)
Borrowings from credit facility	75,000	0	0
Repayment of borrowings from credit facility	(75,000)	0	0
Settlement of unconsolidated entity debt obligation	0	0	(500)
Other changes	(200)	287	(157)
Net cash (used in) provided by financing activities	(18,899)	12,195	1,154
(Decrease) increase in cash and cash equivalents	(72,571)	(180,305)	16,664
Cash and cash equivalents at beginning of period	324,154	504,459	487,795
Cash and cash equivalents at end of period	$ 251,583	$ 324,154	$ 504,459

Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation and Consolidation. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and present the consolidated financial position, income, comprehensive income, stockholders' equity and cash flows of Beazer Homes USA, Inc. and its consolidated subsidiaries. Intercompany balances have been eliminated in consolidation.

Over the past few years, we have discontinued homebuilding operations in certain of our markets. Results from our title services business and certain exited markets are reported as discontinued operations in the accompanying consolidated statements of income for all periods presented (see Note 20 for a 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.

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 consolidated financial statements and accompanying notes. Accordingly, actual results could differ from these estimates.

Cash and Cash Equivalents and Restricted Cash. We consider highly liquid investments with maturities of three months or less when acquired to be cash equivalents. As of September 30, 2015, the majority of our cash and cash equivalents were invested in high-quality money market mutual funds or highly marketable securities, or were on deposit with major banks. These assets were valued at par and had no withdrawal restrictions. The underlying investments of these funds were U.S. Government and U.S. Government Agency obligations or high-quality marketable securities. Restricted cash includes cash restricted by state law or a contractual requirement, including cash collateral for our cash secured loans and certain outstanding letters of credit. The cash inflows and outflows related to restricted cash are classified as investing activities in our consolidated statements of cash flows.

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

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

Inventory Valuation - Projects in Progress. Our homebuilding inventories that are accounted for as projects in progress (held for development) include land and home construction assets grouped together as communities. Homebuilding inventories held for development are stated at cost (including direct construction costs, capitalized indirect costs, capitalized interest and real estate taxes) unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. We assess these assets no less than quarterly for recoverability. Generally, upon the commencement of land development activities, it may take three to five years (depending on, among other things, the size of the community and its sales pace) to fully develop, sell, construct and close all the homes in a typical community. Recoverability of assets is measured by comparing the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If the expected undiscounted cash flows generated are expected to be less than its carrying amount, an impairment charge is recorded to write down the carrying amount of such asset to its estimated fair value based on discounted cash flows.

When conducting our community level review for the recoverability of our homebuilding inventories held for development, we establish a quarterly “watch list” of communities that carry profit margins in backlog or in our forecast that are below a minimum threshold of profitability, as well as recent closings that have gross margins less than a specified threshold. In our experience, this threshold represents a level of profitability that may be an indicator of conditions that would require an asset impairment but does not necessitate that such an impairment is warranted without additional analysis. Each community is first evaluated qualitatively to determine if there are temporary factors driving the low profitability levels. Following our qualitative evaluation, communities with more than 10 homes remaining to close on the quarterly watch list are subjected to substantial additional financial and operational analyses and review that consider the competitive environment and other factors contributing to profit margins below our watch list threshold. For communities where the current competitive and market dynamics indicate that these factors may be other than temporary, which may call into question the recoverability of our investment, a formal impairment analysis is performed. The formal impairment analysis consists of both qualitative competitive market analyses and a quantitative analysis reflecting market and asset specific information.

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

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

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

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

Asset Valuation - Land Held for Future Development. For those communities that have been idled (land held for future development), all applicable interest and real estate taxes are expensed as incurred and the inventory is stated at cost unless facts and circumstances indicate that the carrying value of the assets may not be recoverable. The future enactment of a development plan or the occurrence of outside events and circumstances may indicate that the carrying amount of an asset may not be recoverable. We evaluate the potential plans of each community in land held for future development if changes in facts and circumstances occur that would give rise to a more detailed analysis for a change in the status of a community.

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

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

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

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

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

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

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

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

In determining the fair value of the assets less cost to sell, we consider factors including current sales prices for comparable assets in the area, recent market analysis studies, appraisals, any recent legitimate offers and listing prices of similar properties. If the estimated fair value less cost to sell of an asset is less than its current carrying value, the asset is written down to its estimated fair value less cost to sell.

Land Not Owned Under Option Agreements. In addition to purchasing land directly, we utilize lot option agreements that enable us to defer acquiring portions of properties owned by third parties and unconsolidated entities until we have determined whether to exercise our lot option. A majority of our lot option contracts require a non-refundable cash deposit or irrevocable letter of credit based on a percentage of the purchase price of the land for the right to acquire lots during a specified period of time at a certain price. Purchase of the properties under these agreements is contingent upon satisfaction of certain requirements by us and the sellers. Under lot option contracts, our liability is generally limited to forfeiture of the non-refundable deposits, letters of credit and other non-refundable amounts incurred. If the Company cancels a lot option agreement, it would result in a write-off of the related deposits and pre-acquisition costs, but would not expose the Company to the overall risks or losses of the applicable entity we are purchasing from.

In accordance with GAAP, if the entity holding the land under option is a VIE, the Company's deposit represents a variable interest in that entity. To determine whether we are the primary beneficiary of the VIE, we are first required to evaluate whether we have the ability to control the activities of the VIE that most significantly impact its economic performance. Such activities include, but are not limited to, (1) the ability to determine the budget and scope of land development work, if any; (2) the ability to control financing decisions for the VIE; (3) the ability to acquire additional land into the VIE or dispose of land in the VIE not under contract with Beazer and (4) the ability to change or amend the existing option contract with the VIE. If we are not determined to control such activities, we are not considered the primary beneficiary of the VIE and thus do not consolidate the VIE. If we do have the ability to control such activities, we will continue our analysis by determining if we are expected to absorb a potentially significant amount of the VIE's losses or, if no party absorbs the majority of such losses, if we will benefit from potentially a significant amount of the VIE's expected gains.

If we are the primary beneficiary of the VIE, we will consolidate the VIE even though creditors of the VIE have no recourse against the Company. For those we consolidate, we record the remaining contractual purchase price under the applicable lot option agreement, net of cash deposits already paid, to land not owned under option agreements with an offsetting increase to obligations related to land not owned under option agreements on our consolidated balance sheets. Also, to reflect the total purchase price of this inventory on a consolidated basis, we present the related option deposits as land not owned under option agreement. Consolidation of these VIEs has no impact on the Company’s statements of income or cash flows.

Investments in Unconsolidated Entities and Marketable Securities. We participate in a number of joint ventures and other investments in which we have less than a controlling interest. We enter into the majority of these investments with land developers, other homebuilders and financial partners to acquire attractive land positions, to manage our risk profile and to leverage our capital base. The land positions are developed into finished lots for sale to the unconsolidated entity’s members or other third parties. We recognize our share of equity in income (loss) and profits (losses) from the sale of lots to other buyers. Our share of profits from lots we purchase from the unconsolidated entities is deferred and treated as a reduction of the cost of the land purchased from the unconsolidated entity. Such profits are subsequently recognized at the time the home closes and title passes to the homebuyer. We evaluate our investments in unconsolidated entities for impairment during each reporting period. A series of operating losses of an investee or other factors may indicate that a decrease in the value of our investment in the unconsolidated entity has occurred which is other-than-temporary. The amount of impairment recognized is the excess of the investment’s carrying value over its estimated fair value. Our unconsolidated entities typically obtain secured acquisition and development financing. We account for our interest in unconsolidated entities under the equity method. For additional discussion of these entities, refer to Note 4.

In prior periods, we had an investment in American Homes 4 Rent (AMH), a marketable investment that we treated as an available-for-sale security. All available-for-sale securities are recorded at fair value, with changes in fair value being recorded as a component of accumulated other comprehensive income (AOCI). When the security is sold, we use specific identification to determine the cost of the security sold for the amount reclassified out of AOCI. We evaluate our investments in marketable securities, if outstanding, for impairment each reporting period. In doing so, we consider the length of time and extent to which the marketable value of the investment has been less than cost, either or both of which may lead to a conclusion that the security is other than temporarily impaired.

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



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

Other Assets. Other assets principally include prepaid expenses, debt issuance costs and assets related to our deferred compensation plan (refer to Note 15 for a discussion of our deferred compensation plan).

Other Liabilities. Other liabilities principally include our accrued warranty expense, accrued interest on our outstanding borrowings, customer deposits, income tax liabilities and other accruals related to our operations. Refer to Note 12 for a detail of our other liabilities.

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

For a discussion of our evaluation of and accounting for valuation allowances, refer to Note 13.

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

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

Estimated future warranty costs are charged to cost of sales in the period when the revenues from home closings are recognized. Such estimated warranty costs generally range from 0.3% to 2.6% of total revenue. Additional warranty costs are charged to cost of sales as necessary based on management's estimate of the costs to remediate existing claims. See Note 9 for a more detailed discussion of warranty costs and related reserves.

Advertising costs related to our continuing operations of $18.0 million, $17.8 million and $14.2 million for fiscal years 2015, 2014 and 2013, respectively, were expensed as incurred and were included in general and administrative expenses.

Fair Value Measurements. Certain of our assets are required to be recorded at fair value on a recurring basis. The fair value of our available-for-sale marketable equity securities, when outstanding, were based on readily available share prices (level 1). The fair value of our deferred compensation plan assets are based on market-corroborated inputs (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 may not be recovered (level 3). We review our long-lived assets, including inventory, for recoverability when factors indicate an impairment may exist, but no less than quarterly. Fair value is based on estimated cash flows discounted for market risks associated with the long-lived assets. The fair value of certain of our financial instruments approximate their carrying amounts due to the short maturity of these assets and liabilities or the variable interest rates on such obligations. The fair value of our publicly-held debt is generally estimated based on quoted bid prices for these instruments (level 2). Certain of our other financial instruments are estimated by discounting scheduled cash flows through maturity or using market rates currently being offered on loans with similar terms and credit quality. See Note 10 for additional discussion of our fair value measurements.

Stock-Based Compensation. We use the Black-Scholes model to value our stock option grants. Other stock-based awards with only performance conditions granted to employees are valued based on the market price of the common stock on the date of the grant. Stock-based awards granted to employees with market conditions are valued using the Monte Carlo valuation method. Any portion of our stock-based awards that can be settled in cash is initially valued based on the market price of the underlying common stock on the date of the grant and is adjusted to fair value until vested and recorded as a liability on our consolidated balance sheets. On the date of grant, we estimate forfeitures in calculating the expense related to stock-based compensation. In addition, we reflect the benefits of tax deductions in excess of recognized compensation cost as a financing cash inflow and an operating cash outflow. Compensation cost arising from all stock-based compensation awards is recognized as expense using the straight-line method over the vesting period. See Note 16 for additional discussion of our stock-based compensation.

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. In August 2015, the FASB issued ASU 2015-14 to defer the effective date of ASU 2014-09 for one year, which makes the guidance effective for the Company's first fiscal year beginning after December 15, 2017. Additionally, the FASB also is permitting 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. 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 only expect our balance sheet presentation of debt issuance costs to change as a result of adoption of this guidance.

Refer to Note 13 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.

Description of Business	12 Months Ended
Description of Business	Sep. 30, 2015
Description of Business [Abstract]
Description of Business	Description of Business Beazer Homes USA, Inc. (“we,” “us,” “our,” “Beazer,” “Beazer Homes” and the “Company”) is a geographically diversified homebuilder with active operations in 13 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.

Supplemental Cash Flow Information

12 Months Ended

Sep. 30, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The following table presents supplemental disclosure of non-cash and cash activity for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(2,916	)	$	(1,717	)	$	(154	)
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	—			(2,376		)	(9,402		)
Sale of interest in REIT for shares of AMH	—			26,040			—
Purchase of AMH shares in exchange for interest in REIT	—			(26,040		)	—
Non-cash land acquisitions ^(a)	12,904			20,274			11,000
Issuance of stock under deferred bonus stock plans	—			103			68
Non-cash capital expenditure	674			—			—
Supplemental disclosure of cash activity:
Interest payments	117,177			117,501			102,716
Income tax payments	942			212			403
Tax refunds received	—			33,271			6,730

^(a)For the fiscal year ended September 30, 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

12 Months Ended

Sep. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

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 (approximately $0.5 million of which was attributable to fair value changes in fiscal 2015) that was recorded within other expense, net in our consolidated statements of income. Changes in value prior to the second quarter of fiscal 2015 were recorded to other comprehensive loss, and then transferred to other expense, net upon sale. The proceeds received on the sale of the shares of AMH were recorded within investing activities in our consolidated statements of cash flows.

Unconsolidated Entities

As of September 30, 2015, we participated in certain land development joint ventures and other unconsolidated entities in which Beazer 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 September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015		September 30, 2014
Beazer’s investment in unconsolidated entities	$	13,734	$	13,576
Total equity of unconsolidated entities	52,118		59,336
Total outstanding borrowings of unconsolidated entities	12,206		11,254

Our income from unconsolidated entity activities, the impairments of our investments in certain of our unconsolidated entities and the overall equity in income (loss) of unconsolidated entities is as follows for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Income from unconsolidated entity activity	$	536	$	6,545	$	68
Impairment of unconsolidated entity investment	—		—		(181		)
Total equity in income (loss) of unconsolidated entities	$	536	$	6,545	$	(113	)

South Edge/Inspirada. During the fiscal year ended September 30, 2014, we and the other members of the Inspirada joint venture (Inspirada) received land in exchange for our investments in Inspirada. The change in total equity of unconsolidated entities above reflects these distributions. We paid $3.3 million and $1.0 million, respectively, to the joint venture for infrastructure and development costs during our fiscal 2015 and 2014. Our remaining obligation for our portion of future infrastructure and other development costs as of September 30, 2015 was $1.9 million.

Guarantees. Our land development joint ventures typically obtain secured acquisition, development and construction financing. Historically, Beazer and our land development joint venture partners have provided varying levels of guarantees of debt and other debt-related obligations for these unconsolidated entities. However, as of September 30, 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 fiscal years ended September 30, 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

12 Months Ended

Sep. 30, 2015

Real Estate [Abstract]

Inventory

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



(In thousands)	September 30, 2015		September 30, 2014
Homes under construction	$	377,281	$	282,095
Development projects in progress	809,900		786,768
Land held for future development	270,990		301,048
Land held for sale	44,555		51,672
Capitalized interest	123,457		87,619
Model homes	71,407		48,294
Total owned inventory	$	1,697,590	$	1,557,496

Homes under construction includes homes substantially finished and ready for delivery and homes in various stages of construction. We had 128 (with a cost of $40.1 million) and 205 (with a cost of $48.0 million) substantially completed homes that were not subject to a sales contract (spec homes) as of September 30, 2015 and 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. Land held for sale is recorded at the lower of the asset's carrying value or fair value less costs to sell. 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).

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



(In thousands)	Projects in Progress ^(a)			Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2015
West Segment	$	583,210		$	230,778	$	6,941	$	820,929
East Segment	353,054			29,280		30,927		413,261
Southeast Segment	277,351			10,932		5,587		293,870
Corporate and unallocated	168,430		^(b)	—		1,100		169,530
Total	$	1,382,045		$	270,990	$	44,555	$	1,697,590
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
Corporate and unallocated	123,566		^(b)	—		2,295		125,861
Total	$	1,204,776		$	301,048	$	51,672	$	1,557,496

^(a) Projects in progress include homes under construction, development projects in progress, capitalized interest and model home categories from the preceding table.

^(b)Includes capitalized interest and indirect costs that are maintained within Corporate and unallocated.

Inventory Impairments. When conducting our community level review for the recoverability of our inventory related to projects in progress, we establish a quarterly “watch list” of communities that carry profit margins in backlog and in our forecast that are below a minimum threshold of profitability, as well as recent closings that have gross margins less than a specific threshold. Each community is first evaluated qualitatively to determine if there are temporary factors driving the low profitability levels. Following our qualitative evaluation, communities with more than 10 homes remaining to close are subjected 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 a variety of 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 year ended September 30, 2015, there were no communities on our watch list that required further impairment analysis to be performed after considering the number of lots remaining in each community and certain other qualitative factors. However, certain communities required further review during our fiscal 2014 and 2013. In our undiscounted cash flow impairment analyses for the year ended September 30, 2014, we did not assume any market improvements.

The following table summarizes the number of communities on our watch list (excluding certain communities exempted due to qualitative factors) and the results, by reportable segment, of our community level review of the recoverability of our inventory assets related to projects in progress as of September 30, 2014 and 2013 that required at a minimum an undiscounted cash flow analysis to be performed:



($ in thousands)		Undiscounted Cash Flow Analyses Prepared
Segment ^(a)	Number of Communities on Watch List	Number of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV ^(c)
Year Ended September 30, 2014
West	5	3	$	25,191	90.9	%
East ^(b)	1	—	—		—	%
Southeast	2	1	7,479		120.2	%
Corporate and unallocated ^(d)	—	—	2,558		100.0	%
Total	8	4	$	35,228	97.8	%

Year Ended September 30, 2013
West	1	1	$	11,080	117.6	%
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Corporate and unallocated ^(d)	—	—	1,755		100.0	%
Total	5	5	$	27,680	114.9	%

^(a) We have elected to aggregate our disclosure at the reportable segment level because we believe this level of disclosure is most meaningful to the readers of our financial statements.

^(b)During the year ended September 30, 2014, we recorded an impairment charge of $0.1 million in our East segment on a single community. The community had less than 10 lots remaining to close at the time of the analysis and therefore, consistent with our policy, we did not prepare an undiscounted or discounted cash flow analysis related to this community. However, the community is shown here to list all communities for which an impairment was eventually recorded.

^(c)An aggregate undiscounted cash flow as a percentage of book value under 100% would indicate a possible impairment and is consistent with our "watch list" methodology. Accordingly, a discounted cash flow analysis was performed in fiscal 2014 on certain communities in our West segment, evidenced by this metric being below 100%.

^(d) Amount represents capitalized interest balance related to communities for which an undiscounted cash flow analysis was prepared. Capitalized interest is maintained within our Corporate and unallocated segment.

The discount rate in our discounted cash flow analyses may be different for each community and ranged from 13.0% to 15.0% for the communities analyzed in our fiscal year ended September 30, 2014. The projected cash flows used to evaluate the fair value of inventory are significantly impacted by changes in market conditions, including the changes in sales prices and absorption estimates and management’s assumptions relative to future results. Impairment charges in two communities during the fiscal year ended September 30, 2014 were taken as a result of these discounted cash flow analyses.

The table below summarizes the results of our discounted cash flow analysis for our fiscal 2014 (the only year that such an analysis was required) that resulted in impairments on two communities. There were no impairments recorded during the fiscal years ended September 30, 2015 or September 30, 2013 related to our impairment analyses.



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

^(a) Amount represents capitalized interest balance related to communities for which an discounted cash flow analysis was prepared. Capitalized interest is maintained within our Corporate and unallocated segment.

Impairments on land held for sale generally represent 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 real estate 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 that 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 with our long-term strategic plan.

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



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Projects in Progress:
West	$	—	$	4,948	$	46
East	—		100		13
Corporate and unallocated	—		373		—
Total impairment charges on projects in progress	$	—	$	5,421	$	59
Land Held for Sale:
West	$	—	$	—	$	228
East	1,433		232		123
Southeast	—		28		1,778
Total impairment charges on land held for sale	$	1,433	$	260	$	2,129
Lot Option Abandonments:
West	$	—	$	—	$	104
East	1,676		131		20
Southeast	—		2,495		321
Total lot option abandonments charges	$	1,676	$	2,626	$	445
Total continuing operations	$	3,109	$	8,307	$	2,633
Discontinued Operations	—		—		17
Total company impairment and lot option abandonment charges	$	3,109	$	8,307	$	2,650

Lot Option Agreements and Variable Interest Entities (VIE). As previously discussed, we also have access to land inventory through lot option contracts, which generally enable us to defer acquiring portions of properties owned by third parties and unconsolidated entities until we have determined whether to exercise our lot option. A majority of our lot option contracts require a non-refundable cash deposit or irrevocable letter of credit based on a percentage of the purchase price of the land for the right to acquire lots during a specified period of time at a 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 incurred. We expect to exercise, subject to market conditions and seller satisfaction of contract terms, most of our remaining option contracts. Various factors, some of which are beyond our control, such as market conditions, weather conditions and the timing of the completion of development activities, will have a significant impact on the timing of option exercises or whether lot options will be exercised at all.

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



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of September 30, 2015
Unconsolidated lot option agreements	$	51,475	$	420,070	N/A^(a)
Total lot option agreements	$	51,475	$	420,070	$	—
As of September 30, 2014
Consolidated VIEs	$	941	$	2,916	$	3,857
Unconsolidated lot option agreements	42,588		417,618		N/A^(a)
Total lot option agreements	$	43,529	$	420,534	$	3,857

^(a) N/A - Not applicable

- 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.

+ References+ Details

Interest

12 Months Ended

Sep. 30, 2015

Real Estate Inventory Capitalized Interest Costs [Abstract]

Interest

Our ability to capitalize interest incurred during the fiscal years ended September 30, 2015, 2014 and 2013 was limited by our inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Capitalized interest in inventory, beginning of period	$	87,619		$	52,562		$	38,190
Interest incurred	121,754			126,906			115,076
Capitalized interest impaired	—			(245		)	—
Interest expense not qualified for capitalization and included as other expense ^(a)	(29,752		)	(50,784		)	(59,458		)
Capitalized interest amortized to house construction and land sales expenses ^(b)	(56,164		)	(40,820		)	(41,246		)
Capitalized interest in inventory, end of period	$	123,457		$	87,619		$	52,562

^(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, as well as other factors.

Property and Equipment

12 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

The following table presents our property and equipment as of September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015			September 30, 2014
Buildings and improvements	$	2,329		$	2,329
Model furnishings and sales office improvements	25,111			25,334
Leasehold improvements	5,022			4,197
Information systems	14,290			17,554
Furniture, fixtures and office equipment	11,864			9,999
Property and equipment, gross	58,616			59,413
Less: Accumulated Depreciation	(36,386		)	(40,740		)
Property and equipment, net	$	22,230		$	18,673

- Definition

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

+ References+ Details

Borrowings

12 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Borrowings

As of September 30, 2015 and September 30, 2014, we had the following debt, net of discounts:



(In thousands)	Maturity Date	September 30, 2015			September 30, 2014
8 1/8% Senior Notes	June 2016	$	170,879		$	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	—			6,703
Unamortized debt discounts		(3,639		)	(4,399		)
Total Senior Notes, net		1,427,240			1,435,183
Junior Subordinated Notes	July 2036	57,803			55,737
Cash Secured Loans	November 2017	22,368			22,368
Other Secured Notes Payable	Various Dates	20,864			22,145
Total debt, net		$	1,528,275		$	1,535,433

As of September 30, 2015, the future maturities of our borrowings were as follows:



Fiscal Year Ended September 30,
(In thousands)
2016	$	178,550
2017	7,180
2018	322,449
2019	565,932
2020	—
Thereafter	500,773
Total	$	1,574,884

Secured Revolving Credit Facility — Our $130 million Secured Revolving Credit Facility (the Facility) provides us with working capital and letter of credit capacity. On November 10, 2014, we executed an amendment with three lenders, which included extending the maturity of the Facility through September 2016. A fourth lender with a $20 million commitment chose not to extend their obligation, which matured in September 2015. The Facility allows us to issue letters of credit against the undrawn 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 September 30, 2015, we had no borrowings outstanding and $28.7 million letters of credit outstanding under the Facility, leaving us with $101.3 million in remaining capacity. As of September 30, 2014, there were no outstanding borrowings under the Facility. The Facility contains certain covenants, including negative covenants and financial maintenance covenants, with which we are required to comply. As of September 30, 2015, we were in compliance with all such covenants.

Subsequent to September 30, 2015, we executed a second amendment to the Facility (the Second Amendment). The Second Amendment, among other things, extends the termination date of the Facility to January 15, 2018 and increases its capacity from $130.0 million to $145.0 million. For a further discussion of the Second Amendment, refer to Note 22.

Letter of Credit Facilities — We have entered into stand-alone, cash-secured letter of credit agreements with banks to maintain our pre-existing letters of credit and to provide for the issuance of new letters of credit (in addition to the letters of credit issued under the Facility). As of September 30, 2015 and September 30, 2014, we had letters of credit outstanding under these additional facilities of $14.4 million and $39.1 million, respectively, all of which were secured by cash collateral in restricted accounts. The Company may enter into additional arrangements to provide additional letter of credit capacity.

Senior Notes — The majority of our senior notes are unsecured or secured obligations ranking pari passu with all other existing and future senior indebtedness. Substantially all of our significant subsidiaries are full and unconditional guarantors of the Senior Notes and were 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, is 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 September 30, 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 aggregate principal of the original 2016 Notes. If triggered and fully subscribed, this could result in our having to purchase $27.5 million of the 2016 Notes, which may be reduced by certain 2016 Note repurchases (potentially at less than par) made in the open market after the triggering date. As of September 30, 2015, our consolidated tangible net worth was $612.5 million, well in excess of the minimum covenant requirement. In September 2015, we paid down $2.0 million of the 2016 Notes, leaving us $170.9 million in remaining liability. This early payment resulted in a loss on extinguishment of debt of $0.1 million.

In April 2014, we issued and sold $325.0 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 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 all 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 105.75% 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 remaining outstanding 9.125% Senior Notes due June 2018 (the June 2018 Notes), including the $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.

During our fiscal year ended September 30, 2013, we used a portion of the net cash proceeds from the February 2013 issuance of our $200 million aggregate principal amount of 7.25% Senior Notes due 2023 to redeem all of our then outstanding 6.875% Senior Notes due 2015. During our fiscal 2013, we also repurchased $2 million of our then outstanding June 2018 Notes in open market transactions. These transactions resulted in a loss on debt extinguishment of $3.6 million, net of unamortized discounts and debt issuance costs. All Senior Notes redeemed/repurchased by the Company were canceled.

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

The table below summarizes the redemption terms for the Senior Notes issued prior to our fiscal 2014:



Senior Note Description	Issuance Date	Maturity Date	Redemption Terms
8 1/8% Senior Notes	June 2006	June 2016	Callable at any time, in whole or in part, based on a customary make-whole premium amount
6 5/8% Senior Secured Notes	July 2012	April 2018	Callable at any time after July 15, 2015, in whole or in part, at a redemption price equal to 103.313% of the principal amount; next call date is July 15, 2016, callable at a redemption price equal to 101.656% of the principal amount
9 1/8% Senior Notes	November 2010	May 2019	Callable at any time after November 15, 2014, in whole or in part, at a redemption price equal to 104.563% of the principal amount; next call date is November 15, 2015, callable at a redemption price equal to 102.281% of the principal amount
7 1/2% Senior Notes	February 2013	September 2021	Callable 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; after September 15, 2016, callable at a redemption price equal to105.625% of the principal amount; the second call date is September 15, 2017, callable at a redemption price equal to 103.75% of the principal amount; the final call date is September 15, 2018, callable at a redemption price equal to 101.875% of the principal amount
7 1/4% Senior Notes	September 2013	February 2023	Callable at any time prior to February1, 2018, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; after February 1, 2018, callable at a redemption price equal to 103.625% of the principal amount; the second call date is February 1, 2019, callable at a redemption price equal to 102.41% of the principal amount; the final call date is February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount

Senior Notes: Tangible Equity Units (TEUs) — In July 2012, we issued 4.6 million 7.5% TEUs (the 2012 TEUs), which were comprised of prepaid stock purchase contracts (PSPs) and senior amortizing notes. As the two components of the TEUs were legally separate and detachable, we 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 were unsecured senior obligations and ranked equally with all of our other unsecured indebtedness. Outstanding notes required quarterly payments of principal and interest through maturity in July 2015. 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 remaining PSPs related to the 2012 TEUs were settled in Beazer Homes' common stock during fiscal 2015, particularly in July 2015 when approximately 5.2 million shares of common stock were issued to instrument holders. See Note 17 for more information related to this exchange.

Junior Subordinated Notes — Our 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 interest at 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 are subordinated to the Facility and the 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 September 30, 2015, the unamortized accretion was $43.0 million and will be amortized over the remaining life of the notes. As of September 30, 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 September 30, 2015. Borrowings 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 consolidated balance sheets as of September 30, 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 September 30, 2015 and September 30, 2014, we had outstanding notes payable of $20.9 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 rate of 4.72% as of September 30, 2015. These notes are secured by the real estate to which they relate.

The agreements governing these other 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. However, in each instance, a covenant default can be cured by repayment of the indebtedness.

- Definition

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

+ References+ Details

Contingencies

12 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Beazer Homes and certain of its subsidiaries have been and continue to be named as defendants in various construction defect claims, complaints and other legal actions. The Company is subject to the possibility of loss contingencies arising 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 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 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 related to our construction efforts that can result in recoveries of warranty and construction defect costs above certain specified limits.

Our warranty reserves are included in other liabilities on our consolidated balance sheets and the provision for warranty accruals is included in home construction expenses in our consolidated statements of income. We record reserves covering anticipated warranty expense for each home we close. 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 division. An analysis by division 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:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Balance at beginning of period	$	16,084		$	11,663		$	15,477
Accruals for warranties issued ^(a)	10,356			6,087			5,897
Changes in liability related to warranties existing in prior periods ^(b)	30,482			9,836			(2,856		)
Payments made ^(b)	(29,241		)	(11,502		)	(6,855		)
Balance at end of period	$	27,681		$	16,084		$	11,663

^(a) Accruals for warranties issued is a function of the number of home closings in the period, the average selling prices of the homes closed 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 fiscal year compared to the comparable prior year periods is mainly due to an increase in the average selling prices of homes closed, as well as increases in certain divisions' accrual rates.

^(b) Changes in liability related to warranties existing in prior periods and payments made increased in the current period primarily due to charges and subsequent payments related to water intrusion issues in certain of our communities located in Florida. Refer to separate discussion below.

Florida and New Jersey Water Intrusion Issues

Beginning 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 September 30, 2015, we have cumulatively recorded $31.2 million in charges related to these issues, of which $30.6 million related to communities in Florida and $0.6 million related to one community in New Jersey. Refer to discussion below for further detail.

Florida. The issues in Florida (the Florida stucco issues) relate to stucco installation in several communities. 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.

Throughout 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 $26.3 million during the year ended September 30, 2015 related to the Florida stucco issues.

As of September 30, 2015, 532 homes had been identified as likely to require repairs, of which 163 homes had been fully repaired. We made payments related to the Florida stucco issues of $15.8 million for the year ended September 30, 2015 (including payments on fully repaired homes, as well as payments on homes where remediation is not yet fully complete). After considering repair costs already paid, the remaining accrual to cover outstanding payments and potential repair costs for homes impacted by the Florida stucco issues was $14.5 million as of September 30, 2015, which is included in our overall warranty liability detailed above.

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 our own insurance and from the subcontractors involved with the construction of these homes and their insurers; however, no amounts related to subcontractor recoveries have been recorded in our consolidated financial statements as of September 30, 2015.

New Jersey. The water intrusion issues in New Jersey related to flashing and stone installation on homes in one specific community. These homes had an average age of eight years. No new homes were identified in New Jersey during fiscal 2015. As of September 30, 2015, we believe the remaining warranty liability for New Jersey is sufficient to cover the probable cost of the repair effort remaining to resolve the issues in that community and is not material.

Insurance Recoveries

The Company has third-party insurance that provides for the reimbursement of certain warranty costs incurred by us above a specified threshold for each period covered. We have surpassed these thresholds for certain contract years. As such, we expect a substantial majority of additional costs incurred in future periods for further warranty work on homes within these contract years to be reimbursed by our insurer.

Warranty expense beyond the thresholds set in our insurance contracts was recorded related to homes impacted by the Florida stucco issues, as well as other various warranty issues, resulting in our recording of $18.9 million in insurance recoveries during the year ended September 30, 2015 that we deem to be probable of receiving. Of this expected recovery amount, $12.7 million is associated with the incremental expense from the Florida stucco issues, while the remainder relates to expenditures for other warranty issues that are also in excess of our insurance thresholds. Amounts recorded for anticipated insurance recoveries are reflected within our consolidated statement of income as a reduction of our home construction expenses, and were recorded on a gross basis as a receivable within accounts receivable on our consolidated balance sheet as of September 30, 2015. During our fiscal 2015, we received reimbursements in the amount of $11.1 million from our insurance provider as payment under these policies, reducing our insurance recovery receivable to $7.8 million as of September 30, 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

From time-to-time, we have received claims from institutions that have acquired mortgages originated by our subsidiary, Beazer Mortgage Corporation (BMC), demanding damages or indemnity arising from BMC's activities or that we repurchase such mortgages. BMC stopped originating mortgages in 2008. We have been able to resolve these claims for amounts that are not material to our consolidated financial statements. We currently have an insignificant number of such claims outstanding for which we believe we have no liability. However, we cannot rule out the potential for additional mortgage loan repurchase or indemnity claims in the future from other investors. At this time, we do not believe that the exposure related to any such claims would be material to our consolidated financial condition, results of operations or cash flows. As of September 30, 2015, no liability has been recorded for any such additional claims, as such exposure is not both probable and reasonably estimable.

In the normal course of business, we are subject to various lawsuits. We cannot predict or determine the timing or final outcome of 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 September 30, 2015, we have paid a cumulative $22.7 million related to the DPA and the HUD Agreement. Additionally, we have a liability of $7.4 million recorded on our consolidated balance sheet as of September 30, 2015 related to the DPA and the HUD Agreement. Our expense related to these agreements was $5.3 million, $5.4 million, and $3.5 million for our fiscal 2015, 2014 and 2013, respectively, and was recorded in general and administrative expenses in our consolidated statements of income.

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

We have accrued $12.6 million and $13.4 million in other liabilities on our consolidated balance sheets related to litigation and other matters, excluding warranty, as of September 30, 2015 and 2014, respectively.

We had outstanding letters of credit and performance bonds of approximately $43.1 million and $201.3 million, respectively, as of September 30, 2015, related principally to our obligations to local governments to construct roads and other improvements in various developments. We have an immaterial amount of outstanding letters of credit relating to our land option contracts as of September 30, 2015.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Fair Value Measurements

12 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of September 30, 2015, we had assets on our consolidated balance sheet 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 (level 2). The fair value of our available-for-sale marketable equity securities, when outstanding, was based on readily available share prices (level 1).

Certain of our assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recovered. We review our long-lived assets, including inventory, for recoverability when factors indicate an impairment may exist, but no less than quarterly. Fair value is based on estimated cash flows discounted for market risks associated with the long-lived assets. The fair values of our investments in unconsolidated entities are determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities. During the fiscal year ended September 30, 2015, we recorded no impairments for development projects in process and land held for sale impairments of $1.4 million. During the fiscal year ended September 30, 2014, we recorded impairments related to projects in progress of $5.4 million and land held for sale impairments of $0.2 million. During the fiscal year ended September 30, 2013, we recorded impairments related to projects in progress of $0.1 million, land held for sale impairments of $2.1 million, and impairments of unconsolidated entity investments of $0.2 million.

See Notes 2, 4, 5 and 15 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 the fiscal year-end balances of our assets measured at fair value on a recurring basis, and the impairment-date fair value of certain assets measured at fair value on a non-recurring basis, for each hierarchy level. These balances represent only those assets whose carrying values were adjusted to fair value during our fiscal 2015 and 2014:



(In thousands)	Level 1		Level 2		Level 3		Total
Year Ended September 30, 2015
Deferred compensation plan assets ^(a)	$	—	$	669	$	—	$	669
Land held for sale ^(b)	—		—		8,814		8,814
Year Ended September 30, 2014
Available-for-sale marketable equity securities ^(a)	$	24,765	$	—	$	—	$	24,765
Deferred compensation plan assets ^(a)	—		517		—		517
Development projects in progress ^(b)	—		—		14,379		14,379
Land held for sale ^(b)	—		—		4,117		4,117

^(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, amounts due under the Facility and other secured notes payable approximate their carrying amounts due to the short maturities of these assets and liabilities.

As of September 30, 2014, our investment in marketable equity securities, consisting solely of the shares held in AMH, was in a cumulative unrealized loss position of $1.3 million, which was recorded in AOCI, a component of stockholders' equity, until the assets were sold.

When outstanding, 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 September 30, 2015 and September 30, 2014:



	As of September 30, 2015				As of September 30, 2014
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,427,240	$	1,412,173	$	1,435,183	$	1,462,899
Junior Subordinated Notes	57,803		57,803		55,736		55,736
	$	1,485,043	$	1,469,976	$	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

Operating Leases

12 Months Ended

Sep. 30, 2015

Leases [Abstract]

Operating Leases

We are obligated under various noncancelable operating leases for our office facilities and equipment. Rental expense under these agreements, which is included in general and administrative expenses in our consolidated statements of income, amounted to approximately $5.2 million, $5.4 million and $4.9 million for the fiscal years ended September 30, 2015, 2014 and 2013, respectively. This rental expense excludes expense related to our discontinued operations, which is not material in any period presented. Sublease income received in all periods presented was not material, nor is it expected to be material in future periods. As of September 30, 2015, future minimum lease payments under noncancelable operating lease agreements are as follows:



Fiscal Year Ended September 30,
(In thousands)
2016	$	4,019
2017	3,154
2018	2,251
2019	1,394
2020	673
Thereafter	253
Total	$	11,744

- Definition

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

+ References+ Details

Income Taxes

12 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Our benefit from income taxes from continuing operations consists of the following for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Current federal	$	(64	)	$	(44,789	)	$	(4,409	)
Current state	520			322			(394		)
Deferred federal ^(a)	(314,651		)	2,385			1,476
Deferred state ^(a)	(10,374		)	285			(162		)
Total	$	(324,569	)	$	(41,797	)	$	(3,489	)

^(a) Benefit due to release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion below titled “Valuation Allowance.”

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Income tax computed at statutory rate	$	7,711		$	(2,406	)	$	(12,479	)
State income taxes, net of federal benefit	2,485			(172		)	(684		)
Decrease in valuation allowance - IRS Settlement	—			(26,846		)	—
(Decrease)/Increase in valuation allowance - other ^(a)	(334,605		)	3,023			11,729
Changes for uncertain tax positions	42			(14,276		)	(1,909		)
IRS interest refund	—			(1,714		)	—
Other, net	(202		)	594			(146		)
Total	$	(324,569	)	$	(41,797	)	$	(3,489	)

^(a)Amount includes $335.2 million release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion below titled “Valuation Allowance.”

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

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of our assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows as of September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015			September 30, 2014
Deferred tax assets:
Warranty and other reserves	$	14,913		$	11,587
Incentive compensation	10,780			18,993
Property, equipment and other assets	2,866			2,750
Federal and state tax carryforwards	292,346			357,146
Inventory adjustments	87,335			95,237
Uncertain tax positions	1,917			1,911
Other	3,814			3,923
Total deferred tax assets	413,971			491,547
Deferred tax liabilities:
Deferred revenues	(30,939		)	(43,496		)
Total deferred tax liabilities	(30,939		)	(43,496		)
Net deferred tax assets before valuation allowance	383,032			448,051
Valuation allowance	(57,659		)	(445,228		)
Net deferred tax assets	$	325,373		$	2,823

At September 30, 2015, our gross deferred tax assets above included $250.5 million for federal net operating loss carryforwards, $30.9 million for state net operating loss carryforwards, $9.8 million for an alternative minimum tax credit and $4.9 million for general business credits. The net operating loss carryforwards expire at various dates through 2033 and the general business credits expire at various dates through 2035. The alternative minimum tax credit has an unlimited carryforward period.

We recognized an income tax benefit of $324.6 million in our fiscal 2015, $41.8 million in our fiscal 2014 and $3.5 million in our fiscal 2013. The income tax benefit in our fiscal 2015 primarily resulted from the release of a substantial portion of the valuation allowance on our deferred tax assets. The income tax benefit in our fiscal 2014 was due to the resolution of a federal tax audit, which resulted in a refund of $26.8 million, as well as the recognition of unrecognized tax benefits of $14.3 million. In fiscal 2013, our income tax benefit primarily reflected a specified loss carryback claim that resulted in a refund of $2.5 million. Due to the effects of changes in our valuation allowance on our deferred tax balance and changes in our unrecognized tax benefits, our effective tax rates in fiscal 2015, 2014 and 2013 are not meaningful metrics, as our income tax amounts are not directly correlated to the amount of our pretax income (loss) for those periods.

Valuation Allowance

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

Based upon an evaluation of all available evidence, the most important of which was recent losses incurred, we established a valuation allowance for substantially all of our deferred tax assets during our fiscal 2008. We have continued to evaluate the need for our valuation allowance by assessing all positive and negative evidence indicating our ability to realize our deferred tax assets. In these evaluations, we gave more significant weight to objective evidence, such as our actual financial condition and results of operations, as compared to subjective evidence.

The positive evidence we considered as part of our analysis during the fourth quarter of 2015 included our ten quarters of cumulative income from continuing operations; our sustained growth in backlog units in comparable periods; significant growth in our ASP for both backlog and actual closings over the past fifteen quarters and an increase in closings from fiscal year 2014 to fiscal year 2015. Our $30.7 million in income from continuing operations for the quarter-ended September 30, 2015 represents a significant increase over the prior two comparable periods and further emphasizes our continued earnings and evidence of a sustained recovery. Our current levels of backlog (in both units and dollars) support our expectations of future profitability.

The negative evidence we considered as part of our analysis centered around significant quarterly losses that the Company incurred through the quarter-ended March 31, 2013. These losses will roll-off in the first half of fiscal 2016 as we continue to monitor our 36-month cumulative income position. The removal of these losses from our analysis provides a significant increase in our recent earnings trend and, coupled with our actual improvements in continuing operations, point to an objectively verifiable increase in our earnings profile.

Therefore, during the fourth quarter ended September 30, 2015, we concluded that it was more likely than not that a substantial amount of our deferred tax assets would be realized. This conclusion was based on an evaluation of all relevant evidence, both positive and negative, as discussed above. The principal positive evidence that led us to this determination was our improved pre-tax earnings profile, particularly over our most recent two fiscal years. Given the remaining recovery period for the majority of our deferred tax assets, our recent historical operating results support the realization of a significant amount of our deferred tax assets. Therefore, the Company's valuation allowance on its deferred tax assets was reduced during the fourth quarter ended September 30, 2015 to $57.7 million, as compared to $445.2 million as of September 30, 2014. The remaining valuation allowance is balanced between various federal and state attributes for which the Company has concluded it is not more likely than not that these attributes will be realized at this time.

In addition to our improving historic results, the release is further supported by the underlying momentum of our business, a generally improving housing market and stabilization in broader economic conditions over the past few years. Positive evidence related to our business momentum includes factors such as evidence of recovery in the housing markets specific to where we operate, a strong backlog and significant increases in other key financial indicators over the last few years, including new orders, revenue, gross margin and community count. We continue to see increases in our average sales price in both our closed homes and backlog that further supports our improved historical operating results and assessment of our ability to realize our deferred tax assets. The overall housing market recovery is supported by increases in housing starts and homebuilding volume, reduced foreclosures and continued low mortgage rates. Even though home prices are rising, home ownership remains affordable, especially when compared to renting, and household growth is expected to continue.

Section 382 Ownership Change

We experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code (Section 382) as of January 12, 2010. Section 382 contains rules that limit the ability of a company that undergoes an “ownership change” to utilize its net operating loss carryforwards (NOLs) and certain built-in losses or deductions recognized during the five-year period after the ownership change to offset future taxable income. Therefore, our ability to utilize our pre-ownership change net operating loss carryforwards and recognize certain built-in losses or deductions is limited by Section 382 to an estimated maximum amount of approximately $11.4 million ($4.0 million tax-effected) annually. Certain deferred tax assets are not subject to any limitation imposed by Section 382.

Due to the Section 382 limitation and the maximum carryforward period of our NOLs, we are unable to fully recognize certain deferred tax assets. Accordingly, during our fiscal 2015 and 2014, we reduced our gross deferred tax assets and corresponding valuation allowance by $17.9 million and $9.9 million, respectively. As future economic conditions become known, we will be able to confirm whether additional deferred tax assets will not provide any future tax benefit. At such time, we will eliminate these deferred tax assets and any corresponding valuation allowance, if applicable.

Accordingly, a portion of our $414.0 million of total gross deferred tax assets related to accrued losses on our inventory were unavailable due to the limitation imposed by Section 382. Previously, we provided a range of gross deferred tax assets that may be unavailable based on estimates of activity occurring in the five-year period following our “ownership change.” As of June 30, 2015, because the five-year period expired, we have determined the actual impact and final classification of those amounts, which is incorporated into the table below. The actual realization of our deferred tax assets is difficult to predict and is dependent on future events.

Considering the limitation imposed by Section 382, the table below depicts the classifications of our deferred tax assets as of September 30, 2015:



(In thousands)	September 30, 2015
Deferred tax assets:
Subject to annual limitation	$	93,741
Generally not subject to annual limitation	320,230
Total deferred tax assets	413,971
Deferred tax liabilities	(30,939		)
Net deferred tax assets before valuation allowance	383,032
Valuation allowance	(57,659		)
Net deferred tax assets	$	325,373

Unrecognized Tax Benefits

A reconciliation of our unrecognized tax benefits follows for the beginning and end of each period presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Balance at beginning of year	$	4,616		$	17,464		$	19,630
Additions for (reductions in) tax positions related to current year	251			150			(1,620		)
Additions for tax positions related to prior years	—			1,365			—
Reductions for tax positions of prior years	(10		)	(14,201		)	—
Lapse of statute of limitations	(136		)	(162		)	(546		)
Balance at end of year	$	4,721		$	4,616		$	17,464

If we were to recognize our $4.7 million of gross unrecognized tax benefits remaining as of September 30, 2015, substantially all would impact our effective tax rate. Additionally, we had $0.4 million of accrued interest and penalties as of September 30, 2015 and 2014. Our income tax benefit includes tax related interest.

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, which was the first quarter of our fiscal 2015, 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 fiscal years 2007 and subsequent years. As of September 30, 2015, it is reasonably possible that none of our uncertain tax positions will reverse within the next twelve months.

- Definition

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

+ References+ Details

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Sep. 30, 2015
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders' Equity Preferred Stock. We currently have no shares of preferred stock outstanding. Common Stock. On July 15, 2015, the remaining PSPs related to the TEUs were settled in Beazer Homes' common stock at a rate of 1.40746 shares per TEU outstanding because our average share price during the pricing period as per the TEU agreement was greater than $17.75. This conversion required us to issue approximately 5.2 million shares of common stock to the instrument holders. See Note 8 for more information on the TEUs. Common Stock Repurchases. During our fiscal 2015, 2014 and 2013, we did not repurchase any shares of our common stock in the open market. Any future stock repurchases, as allowed by our existing debt covenants, must be approved by the Company's Board of Directors or its Finance Committee. During our fiscal 2015, 2014 and 2013, 10,302, 23,602 and 6,147 shares of our common stock, respectively, were surrendered to us by employees as payment of minimum tax obligations upon the vesting of restricted stock awards under our stock incentive plans. We valued the surrendered stock at the market price on the date of surrender, for an aggregate value of approximately $192 thousand in fiscal 2015, $450 thousand in fiscal 2014 and $121 thousand in fiscal 2013. Dividends. The indentures under which our Senior Notes were issued contain certain restrictive covenants, including limitations on our payment of dividends. As of September 30, 2015, under the most restrictive covenants of each indenture, none of our retained earnings were available for cash dividends. Hence, there were no dividends paid in our fiscal 2015, 2014 or 2013. Section 382 Rights Agreement. In February 2011, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation (the Protective Amendment) designed to preserve the value of certain tax assets associated with NOL carryforwards under Section 382 and approved a Section 382 Rights Agreement adopted by our Board of Directors. These instruments were intended to act as deterrents to any person or group, together with their affiliates and associates, from being or becoming the beneficial owner of 4.95% or more of the Company’s common stock and were scheduled to expire on November 12, 2013. In February 2013, the Company’s stockholders approved an extension of the Protective Amendment through November 12, 2016 and approved a new Section 382 Rights Agreement adopted by our Board of Directors, which will become effective through November 14, 2016.

- Definition

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

+ References

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+ Details

Retirement and Deferred Compensation Plan	12 Months Ended
Retirement and Deferred Compensation Plan	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement and Deferred Compensation Plan	Retirement and Deferred Compensation Plans 401(k) Retirement Plan. We sponsor a defined-contribution plan that is a tax-qualified retirement plan under section 401(k) of the Internal Revenue Code (the Plan). Substantially all employees are eligible for participation in the Plan after completing one calendar month of service. Participants may defer and contribute from 1% to 80% of their salary to the Plan with certain limitations on highly compensated individuals. We match 50% of the first 6% of the participant's contributions. The participant's contributions vest 100% immediately, while the Company's contributions vest over five years. Our total contributions for the fiscal years ended September 30, 2015, 2014 and 2013 were approximately $2.4 million, $2.0 million and $1.1 million, respectively. During fiscal 2015, 2014 and 2013, participants forfeited $0.5 million, $0.4 million and $0.5 million, respectively, of unvested matching contributions. Deferred Compensation Plan. During fiscal 2002, we adopted the Beazer Homes USA, Inc. Deferred Compensation Plan (the DCP Plan). The DCP Plan is a non-qualified deferred compensation plan for a select group of executives and highly compensated employees. The DCP Plan allows the executives to defer current compensation on a pre-tax basis to a future year, until termination of employment. The objectives of the DCP Plan are to assist executives with financial planning and capital accumulation and to provide the Company with a method of attracting, rewarding and retaining executives. Participation in the DCP Plan is voluntary. Beazer Homes may voluntarily make a contribution to the participants' DCP accounts. Deferred compensation assets of $0.7 million and $0.5 million and deferred compensation liabilities of $2.6 million and $2.5 million as of September 30, 2015, and 2014, respectively, are included in other assets and other liabilities on our consolidated balance sheets and are recorded at fair value. For the years ended September 30, 2015, 2014 and 2013, we contributed approximately $227,000, $212,000 and $215,000, respectively, to the DCP Plan in the form of voluntary contributions.

Stock-based Compensation

12 Months Ended

Sep. 30, 2015

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

Stock-based Compensation

Stock-Based Compensation

During fiscal 2014, we adopted, and our stockholders approved, the 2014 Beazer Homes USA, Inc. Long-Term Incentive Plan (the 2014 Plan). Following adoption of the 2014 Plan, shares available for grant under our 2010 Equity Incentive Plan (the 2010 Plan) remain available for grant in accordance with the terms of that plan. However, there are no more shares available for future issuance under our Amended and Restated 1999 Stock Incentive Plan (the 1999 Plan). We issue new shares upon the exercise of stock options and the vesting of restricted stock awards. In cases of forfeitures and shares returned to us for taxes, those shares are returned to the share pool for future issuance. As of September 30, 2015, we had approximately 1.9 million shares of common stock for issuance under our various equity incentive plans, of which approximately 1.3 million shares are available for future grants.

Our total stock-based compensation expense is included in general and administrative expenses (G&A) in our consolidated statements of income. A summary of the expense related to stock-based compensation by award type is as follows for the periods presented:



	Fiscal Year Ended September 30,
(In millions)	2015			2014			2013
Stock options expense	$	0.7		$	0.8		$	0.9
Restricted stock awards expense	5.4			1.8			2.0
Before tax stock-based compensation expense	6.1			2.6			2.9
Tax benefit	(1.5		)	(0.7		)	(0.6		)
After tax stock-based compensation expense	$	4.6		$	1.9		$	2.3

Stock Options. We have issued stock options to officers and key employees under both the 2010 Plan and the 1999 Plan. Stock options have an exercise price equal to the fair market value of the common stock on the grant date, vest three years after the date of grant and may be exercised thereafter until their expiration, subject to forfeiture upon termination of employment as provided in the applicable plan. Under certain conditions of retirement, eligible participants may receive a partial vesting of stock options. Stock options generally expire on the seventh or eighth anniversary from the date such options were granted depending on the terms of the award.

The fair value of each stock option is estimated on the date of grant using the Black-Scholes option-pricing model. We used the following assumptions for options granted, which derived the fair value shown, during the periods presented:



	Fiscal Year Ended September 30,
	2014			2013
Expected life of options	5.1 years			5.0 years
Expected volatility	45.99		%	46.15		%
Expected dividends	—			—
Weighted average risk-free interest rate	1.42		%	0.63		%
Weighted average fair value	$	7.97		$	5.48

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

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price. Our stock options outstanding, stock options vested and expected to vest and exercisable stock options each had an intrinsic value of $0.3 million as of September 30, 2015.

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



	2015				2014				2013
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	650,223		$	18.12	560,784		$	33.01	429,973		$	48.80
Granted	—		—		161,010		19.11		160,651		13.56
Exercised	(1,209	)	12.07		(2,788	)	14.29		(681	)	10.80
Expired	—		—		(55,811	)	170.32		(22,914	)	47.65
Forfeited	(5,107	)	19.05		(12,972	)	19.85		(6,245	)	17.93
Outstanding at end of period	643,907		$	18.13	650,223		$	18.12	560,784		$	33.01
Exercisable at end of period	491,029		$	18.40	355,703		$	19.74	310,120		$	48.73
Vested or expected to vest in the future	643,877		$	18.13	649,773		$	18.12	558,519		$	33.09

The following table summarizes information about stock options outstanding and exercisable as of September 30, 2015:



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

$1 - $15	253,703	4.71	$	12.28	204,328	4.61	$	12.02
$16 - $20	247,781	4.20	19.30		144,278	2.84	19.43
$21- $30	142,423	1.82	26.51		142,423	1.82	26.51
$1- $30	643,907	3.88	$	18.13	491,029	3.28	$	18.40

Compensation cost arising from stock options is recognized as an expense using the straight-line method over the vesting period. As of September 30, 2015 and September 30, 2014, there was $0.5 million and $1.2 million, respectively, of total unrecognized compensation cost related to nonvested stock options. The cost remaining as of September 30, 2015 is expected to be recognized over a weighted average period of 0.7 years.

Restricted Stock Awards. During our fiscal 2015, we issued several types of restricted stock awards as follows: (1) performance-based awards based on a measure of total shareholder return (TSR); (2) performance-based awards based on achievement of pre-tax income; and (3) time-based restricted stock. Each award type is discussed further below.

During our fiscal year ended September 30, 2015, we issued 201,157 shares of performance-based restricted stock (Performance Shares) to our executive officers and certain employees. Each Performance Share represents a contingent right to receive one share of the Company's common stock if vesting is satisfied at the end of the three-year performance period.

The first type of Performance Shares granted in fiscal 2015 requires a TSR that compares favorably against a peer group, measured at the end of the three-year performance period (TSR Performance Shares). Awards granted in prior periods also are dependent on the compound annual growth rate (CAGR) of the price of our common stock during the three-year performance period. 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 (and, for certain prior period awards, the CAGR achieved). 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 and (ii) the end of the performance period. The grant of the TSR Performance Shares was valued using the Monte Carlo valuation method and our fiscal 2015 grant had an estimated fair value of $19.07 per share at the date of grant, a portion of which is attributable to the potential cash-settled liability aspect of the grant, which is included in other liabilities on our consolidated balance sheets.

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 granted in fiscal 2015: 0% dividend yield for the Company, expected price volatility ranging from 35.0% to 59.1% and a risk-free interest rate of 0.66%. The methodology used to determine these assumptions is similar to that for the Black-Scholes Model used for stock option grants discussed above; however, the expected term is determined by the model in the Monte Carlo simulation.

The second type of Performance Shares granted in fiscal 2015 is 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 payout at the maximum level of pre-tax income of either 150% or 200% depending on the individual grantee. 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. These shares are valued based on the market price of the Company's common stock on the date of the grant.

Performance Shares in excess of the target number (201,157) 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.

During our fiscal year ended September 30, 2015, we also issued 209,035 shares of time-based restricted stock (Restricted Shares) to our executive officers and certain employees. Restricted Shares are valued based on the market price of the Company's common stock on the date of the grant. Depending on the award, the restricted stock either cliff-vests one to four years from the date of grant or vests ratably over three years from the date of grant.

Activity relating to all restricted stock awards is as follows for the periods presented:



	Fiscal Year Ended September 30,
	2015				2014				2013
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	746,567		$	15.76	280,416		$	12.32	323,335		$	19.61
Granted	410,192		19.01		595,567		18.68		99,413		10.95
Vested	(64,719	)	15.96		(113,320	)	22.55		(126,124	)	27.59
Forfeited	(135,757	)	7.77		(16,096	)	15.93		(16,208	)	30.57
End of period	956,283		$	18.27	746,567		$	15.76	280,416		$	12.32

Compensation cost arising from restricted stock awards granted to employees is recognized as an expense using the straight-line method over the vesting period. As of September 30, 2015 and September 30, 2014, there was $11.7 million and $10.0 million, respectively, of total unrecognized compensation cost related to nonvested restricted stock awards. The cost remaining at September 30, 2015 is expected to be recognized over a weighted average period of 2.5 years.

- 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

Earnings Per Share

12 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Basic income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted income per share adjusts the basic income per share for the effects of any potentially dilutive instruments, only in periods in which the Company has net income and such effects are dilutive under the treasury stock method. Basic and diluted income (loss) per share is calculated using unrounded numbers.

The Company reported a net loss for the fiscal year ended September 30, 2013. Accordingly, all common stock equivalents, including 0.6 million shares issuable related to our stock-based compensation plans and 7.9 million shares issuable upon the conversion of our PSPs, were excluded from the computation of diluted loss per share because inclusion would have resulted in anti-dilution. For the years ended September 30, 2015 and 2014, 1.1 million and 0.6 million common stock equivalents, respectively, were excluded from our calculation of diluted income per share as a result of their anti-dilutive effect.

The weighted-average number of common shares outstanding used to calculate basic income (loss) per share is reconciled to shares used to calculate diluted income (loss) per share as follows for the periods presented:



	Fiscal Year Ended September 30,
(in thousands)	2015	2014	2013
Basic shares	27,628	25,795	24,651
Shares issued upon conversion of TEUs ^(a)	4,069	5,784	—
Shares issuable upon vesting/exercise of stock awards/options	75	216	—
Diluted shares	31,772	31,795	24,651

^(a) In July 2015, the remaining PSPs related to the TEUs were settled in Beazer Homes' common stock at a rate of 1.40746 shares per TEU outstanding because our average share price during the pricing period as per the TEU agreement was greater than $17.75. This conversion required us to issue approximately 5.2 million shares of common stock to the instrument holders. In the current fiscal year, these instruments were dilutive from October 1, 2014 through July 15, 2015; once the shares were converted, they were included in the number of the weighted-average basic shares outstanding.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Segment Information

12 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

We currently operate in 13 states that are grouped into three homebuilding segments based on geography. Revenues in our homebuilding segments are derived from the sale of homes that 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^(a), Tennessee and Virginia

Southeast: Florida, Georgia, North Carolina and South Carolina

^(a)During our fiscal 2015, we made the decision that we would not continue to reinvest in new homebuilding assets in our New Jersey division; therefore, it is no longer considered an active operation. However, it is included in this listing because the segment information below continues to include New Jersey.

Management’s evaluation of segment performance is based on segment operating income. Operating income for our homebuilding segments is defined as homebuilding, land sale and other revenues less home construction, land development and land sales expense, commission expense, depreciation and amortization and certain G&A expenses that are incurred by or allocated to our homebuilding segments. The accounting policies of our segments are those described in Note 2.

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



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Revenue
West	$	607,515	$	556,741	$	547,636
East	576,560		552,082		483,685
Southeast	443,338		354,944		256,256
Total revenue	$	1,627,413	$	1,463,767	$	1,287,577



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Operating income (loss)
West	$	67,236		$	65,442		$	59,084
East	52,516			48,127			40,670
Southeast	37,114			31,854			23,030
Operating segment total	156,866			145,423			122,784
Corporate and unallocated ^(a)	(105,279		)	(89,734		)	(95,523		)
Total operating income	$	51,587		$	55,689		$	27,261



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Depreciation and amortization
West	$	5,544	$	5,722	$	5,305
East	3,091		3,447		3,479
Southeast	2,776		2,075		1,683
Operating segment total	11,411		11,244		10,467
Corporate and unallocated ^(a)	1,927		2,035		2,317
Depreciation and amortization	$	13,338	$	13,279	$	12,784

^(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:



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Capital Expenditures
West	$	7,348	$	6,660	$	4,835
East	3,692		3,050		1,915
Southeast	3,379		2,979		1,311
Corporate and unallocated ^(a)	2,219		1,864		2,700
Total capital expenditures	$	16,638	$	14,553	$	10,761

^(a) Amount includes non-cash capital expenditure; refer to Note 3.

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



(In thousands)	September 30, 2015		September 30, 2014		September 30, 2013
Assets
West	$	843,564	$	756,575	$	680,346
East	436,346		433,032		369,937
Southeast	317,295		299,215		228,814
Corporate and unallocated ^(a)	823,998		577,398		707,692
Total assets	$	2,421,203	$	2,066,220	$	1,986,789

^(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

12 Months Ended

Sep. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor Information

As discussed in Note 8, our obligations to pay principal, premium, if any, and interest under certain debt are guaranteed on a joint and several basis by substantially all of our subsidiaries. Certain of our immaterial subsidiaries do not guarantee our Senior Notes or the Facility. The guarantees are full and unconditional and the guarantor subsidiaries are 100% owned by Beazer Homes USA, Inc. The following financial information presents the line items of our consolidated financial statements separated by amounts related to our parent company, guarantor subsidiaries, non-guarantor subsidiaries and consolidating adjustments as of or for the periods presented.

Beazer Homes USA, Inc.

Consolidating Balance Sheet Information

September 30, 2015

(In thousands)



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	232,226	$	21,543	$	1,006	$	(3,192	)	$	251,583
Restricted cash	37,177		1,724		—		—			38,901
Accounts receivable (net of allowance of $1,052)	—		52,378		1		—			52,379
Income tax receivable	419		—		—		—			419
Owned inventory	—		1,697,590		—		—			1,697,590
Investments in unconsolidated entities and marketable securities	773		12,961		—		—			13,734
Deferred tax assets, net	325,373		—		—		—			325,373
Property and equipment, net	—		22,230		—		—			22,230
Investments in subsidiaries	649,701		—		—		(649,701		)	—
Intercompany	913,733		—		2,384		(916,117		)	—
Other assets	12,519		6,471		4		—			18,994
Total assets	$	2,171,921	$	1,814,897	$	3,395	$	(1,569,010	)	$	2,421,203
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	113,539	$	—	$	—		$	113,539
Other liabilities	31,703		116,718		545		—			148,966
Intercompany	2,384		916,925		—		(919,309		)	—
Total debt (net of discounts of $3,639)	1,507,411		20,864		—		—			1,528,275
Total liabilities	1,541,498		1,168,046		545		(919,309		)	1,790,780
Stockholders’ equity	630,423		646,851		2,850		(649,701		)	630,423
Total liabilities and stockholders’ equity	$	2,171,921	$	1,814,897	$	3,395	$	(1,569,010	)	$	2,421,203

Beazer Homes USA, Inc.

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
Land not owned under option agreements	—		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 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.

Consolidating Statements of Income and Comprehensive Income Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2015
Total revenue	$	—		$	1,627,413		$	198		$	(198	)	$	1,627,413
Home construction and land sales expenses	55,006			1,297,052			—			(198		)	1,351,860
Inventory impairments and option contract abandonments	—			3,109			—			—			3,109
Gross (loss) profit	(55,006		)	327,252			198			—			272,444
Commissions	—			65,023			—			—			65,023
General and administrative expenses	—			142,391			105			—			142,496
Depreciation and amortization	—			13,338			—			—			13,338
Operating (loss) income	(55,006		)	106,500			93			—			51,587
Equity in income of unconsolidated entities	—			536			—			—			536
Loss on extinguishment of debt	(80		)	—			—			—			(80		)
Other expense, net	(29,752		)	(258		)	(3		)	—			(30,013		)
(Loss) income before income taxes	(84,838		)	106,778			90			—			22,030
(Benefit from) provision for income taxes	(32,275		)	(292,326		)	32			—			(324,569		)
Equity in income of subsidiaries	399,162			—			—			(399,162		)	—
Income (loss) from continuing operations	346,599			399,104			58			(399,162		)	346,599
Loss from discontinued operations	—			(2,495		)	(10		)	—			(2,505		)
Equity in loss of subsidiaries	(2,505		)	—			—			2,505			—
Net income (loss)	$	344,094		$	396,609		$	48		$	(396,657	)	$	344,094
Change in unrealized loss related to available-for-sale securities	1,276			—			—			—			1,276
Comprehensive income (loss)	$	345,370		$	396,609		$	48		$	(396,657	)	$	345,370
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Total revenue	$	—		$	1,463,767		$	379		$	(379	)	$	1,463,767
Home construction and land sales expenses	39,255			1,153,125			—			(379		)	1,192,001
Inventory impairments and option contract abandonments	245			8,062			—			—			8,307
Gross (loss) profit	(39,500		)	302,580			379			—			263,459
Commissions	—			58,028			—			—			58,028
General and administrative expenses	—			136,349			114			—			136,463
Depreciation and amortization	—			13,279			—			—			13,279
Operating (loss) income	(39,500		)	94,924			265			—			55,689
Equity in income of unconsolidated entities	—			6,545			—			—			6,545
Loss on extinguishment of debt	(19,917		)	—			—			—			(19,917		)
Other (expense) income, net	(50,786		)	1,600			(5		)	—			(49,191		)
(Loss) income before income taxes	(110,203		)	103,069			260			—			(6,874		)
(Benefit from) provision for income taxes	(14,247		)	(27,642		)	92			—			(41,797		)
Equity in income of subsidiaries	130,879			—			—			(130,879		)	—
Income (loss) from continuing operations	34,923			130,711			168			(130,879		)	34,923
Loss from discontinued operations	—			(532		)	(8		)	—			(540		)
Equity in loss of subsidiaries	(540		)	—			—			540			—
Net income (loss)	$	34,383		$	130,179		$	160		$	(130,339	)	$	34,383
Change in unrealized loss related to available-for-sale securities	(1,276		)	—			—			—			(1,276		)
Comprehensive income (loss)	$	33,107		$	130,179		$	160		$	(130,339	)	$	33,107

Beazer Homes USA, Inc.

Consolidating Statements of Income and Comprehensive Income Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Total revenue	$	—		$	1,287,577		$	736	$	(736	)	$	1,287,577
Home construction and land sales expenses	41,246			1,030,304			—		(736		)	1,070,814
Inventory impairments and option contract abandonments	—			2,633			—		—			2,633
Gross (loss) profit	(41,246		)	254,640			736		—			214,130
Commissions	—			52,922			—		—			52,922
General and administrative expenses	—			121,035			128		—			121,163
Depreciation and amortization	—			12,784			—		—			12,784
Operating (loss) income	(41,246		)	67,899			608		—			27,261
Equity in loss of unconsolidated entities	—			(113		)	—		—			(113		)
Loss on extinguishment of debt	(4,636		)	—			—		—			(4,636		)
Other (expense) income, net	(59,458		)	1,278			15		—			(58,165		)
(Loss) income before income taxes	(105,340		)	69,064			623		—			(35,653		)
(Benefit from) provision for income taxes	(10,765		)	7,058			218		—			(3,489		)
Equity in income of subsidiaries	62,411			—			—		(62,411		)	—
(Loss) income from continuing operations	(32,164		)	62,006			405		(62,411		)	(32,164		)
(Loss) income from discontinued operations	—			(1,736		)	32		—			(1,704		)
Equity in loss of subsidiaries	(1,704		)	—			—		1,704			—
Net (loss) income and comprehensive (loss) income	$	(33,868	)	$	60,270		$	437	$	(60,707	)	$	(33,868	)

Beazer Homes USA, Inc.

Consolidating Statements of Cash Flow Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2015
Net cash (used in) provided by operating activities	$	(388,584	)	$	307,668		$	(133	)	$	—		$	(81,049	)
Cash flows from investing activities:
Capital expenditures	—			(15,964		)	—			—			(15,964		)
Investments in unconsolidated entities	—			(4,944		)	—			—			(4,944		)
Proceeds from sale of marketable securities and unconsolidated entities	—			24,245			—			—			24,245
Increases in restricted cash	(2,982		)	(2,564		)	—			—			(5,546		)
Decreases in restricted cash	27,751			1,835			—			—			29,586
Advances to/from subsidiaries	302,569			—			25			(302,594		)	—
Net cash used in investing activities	327,338			2,608			25			(302,594		)	27,377
Cash flows from financing activities:
Repayment of debt	(8,703		)	(9,870		)	—			—			(18,573		)
Debt issuance costs	(126		)	—			—			—			(126		)
Borrowing from credit facility	75,000			—			—			—			75,000
Repayment of borrowing from credit facility	(75,000		)	—			—			—			(75,000		)
Payments for other financing activities	(200		)	—			—			—			(200		)
Dividends paid	500			—			(500		)	—			—
Advances to/from subsidiaries	21			(300,897		)	—			300,876			—
Net cash (used in) provided by financing activities	(8,508		)	(310,767		)	(500		)	300,876			(18,899		)
Decrease (increase) in cash and cash equivalents	(69,754		)	(491		)	(608		)	(1,718		)	(72,571		)
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	$	232,226		$	21,543		$	1,006		$	(3,192	)	$	251,583

Beazer Homes USA, Inc.

Consolidating Statements of Cash Flow Information

(In thousands)



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

Fiscal Year Ended September 30, 2013
Net cash (used in) provided by operating activities	$	(89,306	)	$	(86,300	)	$	964		$	—		$	(174,642	)
Cash flows from investing activities:
Capital expenditures	—			(10,761		)	—			—			(10,761		)
Investments in unconsolidated entities	—			(3,879		)	—			—			(3,879		)
Return of capital from unconsolidated entities	—			510			—			—			510
Increases in restricted cash	(3,460		)	(1,330		)	—			—			(4,790		)
Decreases in restricted cash	208,487			585			—			—			209,072
Net cash provided by (used in) investing activities	205,027			(14,875		)	—			—			190,152
Cash flows from financing activities:
Repayment of debt	(184,250		)	(473		)	—			—			(184,723		)
Proceeds from issuance of new debt	397,082			—			—			—			397,082
Repayment of cash secured loans	(205,000		)	—			—			—			(205,000		)
Debt issuance costs	(5,548		)	—			—			—			(5,548		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Payments for other financing activities	(157		)	—			—			—			(157		)
Advances to/from subsidiaries	(99,901		)	100,257			27			(383		)	—
Net cash provided by (used in) financing activities	(97,774		)	99,284			27			(383		)	1,154
Increase (decrease) in cash and cash equivalents	17,947			(1,891		)	991			(383		)	16,664
Cash and cash equivalents at beginning of period	481,394			8,215			646			(2,460		)	487,795
Cash and cash equivalents at end of period	$	499,341		$	6,324		$	1,637		$	(2,843	)	$	504,459

Discontinued Operations

12 Months Ended

Sep. 30, 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 stockholder value. This review entails an evaluation of both external market factors and our position in each market and over time has resulted in the decision to discontinue certain of our homebuilding operations.

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Total revenue	$	1,030		$	3,864		$	288
Home construction and land sales expenses ^(a)	4,518			4,768			(319		)
Inventory impairments and lot option abandonments	—			—			17
Gross (loss) profit	(3,488		)	(904		)	590
General and administrative expenses ^(b)	380			(351		)	2,566
Operating loss	(3,868		)	(553		)	(1,976		)
Other income (loss), net	5			8			77
Loss from discontinued operations before income taxes	(3,863		)	(545		)	(1,899		)
Benefit from income taxes	(1,358		)	(5		)	(195		)
Loss from discontinued operations, net of tax	$	(2,505	)	$	(540	)	$	(1,704	)

^(a)The year ended September 30, 2015 includes a $3.7 million expense related to the probable liability of a case regarding alleged past construction defects in our discontinued operations in Denver, Colorado.

^(b)The year ended September 30, 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

Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Sep. 30, 2015

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Selected summarized quarterly financial information is as follows for the periods presented:



(In thousands, except per share data)	Quarter Ended
Fiscal 2015	December 31			March 31			June 30			September 30
Total revenue	$	265,764		$	299,359		$	429,438		$	632,852
Gross profit^(a)	35,218			53,913			76,108			107,205
Operating (loss) income	(9,490		)	6,436			17,696			36,945
Net (loss) income from continuing operations ^(b)	(18,086		)	(2,060		)	12,221			354,524
Basic EPS from continuing operations	$	(0.68	)	$	(0.08	)	$	0.46		$	11.42
Diluted EPS from continuing operations	$	(0.68	)	$	(0.08	)	$	0.38		$	11.16

Fiscal 2014
Total revenue	$	293,170		$	270,021		$	354,671		$	545,905
Gross profit ^(a)	54,670			52,172			68,804			87,813
Operating income	11,532			5,617			15,088			23,452
Net (loss) income from continuing operations ^(b)	(3,948		)	(8,224		)	(13,193		)	60,288
Basic EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	2.28
Diluted EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	1.90


^(a)	Gross profit in fiscal 2015 and 2014 includes inventory impairment and option contract abandonments as follows:



(In thousands)	Fiscal 2015		Fiscal 2014
1st Quarter	$	—	$	31
2nd Quarter	—		880
3rd Quarter	249		2,010
4th Quarter	2,860		5,386
	$	3,109	$	8,307


^(b)	Net (loss) income from continuing operations in fiscal 2015 and 2014 includes loss on extinguishment of debt (as follows).



(In thousands)	Fiscal 2015			Fiscal 2014
1st Quarter	$	—		$	—
2nd Quarter	—			(153		)
3rd Quarter	—			(19,764		)
4th Quarter	(80		)	—
	$	(80	)	$	(19,917	)

Additionally, net income from continuing operations for the quarter ended September 30, 2015 includes the $335.2 million release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion in Note 13.

- Definition

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

+ References+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

We evaluated events that occurred after the balance sheet date but before the financial statements were issued for accounting treatment and disclosure.

Use of Estimates

Cash and Cash Equivalents and Restricted Cash

Accounts Receivables

Inventory

Inventory Valuation - Held For Development

Asset Valuation - Land Held for Future Development and Sale

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

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

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

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

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

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

Land Not Owned Under Option Agreements

Investments in Unconsolidated Entities and Marketable Securities

Property and Equipment

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



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

Other Assets

Other Liabilities

Income Taxes

Revenue Recognition and Classification of Costs

Fair Value Measurements

Stock-Based Compensation

Recent Accounting Pronouncements

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives

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



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

The following table presents our property and equipment as of September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015			September 30, 2014
Buildings and improvements	$	2,329		$	2,329
Model furnishings and sales office improvements	25,111			25,334
Leasehold improvements	5,022			4,197
Information systems	14,290			17,554
Furniture, fixtures and office equipment	11,864			9,999
Property and equipment, gross	58,616			59,413
Less: Accumulated Depreciation	(36,386		)	(40,740		)
Property and equipment, net	$	22,230		$	18,673

Supplemental Cash Flow Information (Tables)

12 Months Ended

Sep. 30, 2015

Supplemental Cash Flow Elements [Abstract]

Supplemental disclosure of non-cash activity

The following table presents supplemental disclosure of non-cash and cash activity for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$	(2,916	)	$	(1,717	)	$	(154	)
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	—			(2,376		)	(9,402		)
Sale of interest in REIT for shares of AMH	—			26,040			—
Purchase of AMH shares in exchange for interest in REIT	—			(26,040		)	—
Non-cash land acquisitions ^(a)	12,904			20,274			11,000
Issuance of stock under deferred bonus stock plans	—			103			68
Non-cash capital expenditure	674			—			—
Supplemental disclosure of cash activity:
Interest payments	117,177			117,501			102,716
Income tax payments	942			212			403
Tax refunds received	—			33,271			6,730

Investments in Marketable Securities and Unconsolidated Entities (Tables)

12 Months Ended

Sep. 30, 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 September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015		September 30, 2014
Beazer’s investment in unconsolidated entities	$	13,734	$	13,576
Total equity of unconsolidated entities	52,118		59,336
Total outstanding borrowings of unconsolidated entities	12,206		11,254



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Income from unconsolidated entity activity	$	536	$	6,545	$	68
Impairment of unconsolidated entity investment	—		—		(181		)
Total equity in income (loss) of unconsolidated entities	$	536	$	6,545	$	(113	)

Inventory (Tables)

12 Months Ended

Sep. 30, 2015

Real Estate [Abstract]

Schedule of Inventory

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



(In thousands)	September 30, 2015		September 30, 2014
Homes under construction	$	377,281	$	282,095
Development projects in progress	809,900		786,768
Land held for future development	270,990		301,048
Land held for sale	44,555		51,672
Capitalized interest	123,457		87,619
Model homes	71,407		48,294
Total owned inventory	$	1,697,590	$	1,557,496

Schedule of Total Owned Inventory, by Segment

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



(In thousands)	Projects in Progress ^(a)			Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2015
West Segment	$	583,210		$	230,778	$	6,941	$	820,929
East Segment	353,054			29,280		30,927		413,261
Southeast Segment	277,351			10,932		5,587		293,870
Corporate and unallocated	168,430		^(b)	—		1,100		169,530
Total	$	1,382,045		$	270,990	$	44,555	$	1,697,590
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
Corporate and unallocated	123,566		^(b)	—		2,295		125,861
Total	$	1,204,776		$	301,048	$	51,672	$	1,557,496

^(a) Projects in progress include homes under construction, development projects in progress, capitalized interest and model home categories from the preceding table.

^(b)Includes capitalized interest and indirect costs that are maintained within Corporate and unallocated.

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



($ in thousands)		Undiscounted Cash Flow Analyses Prepared
Segment ^(a)	Number of Communities on Watch List	Number of Communities	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV ^(c)
Year Ended September 30, 2014
West	5	3	$	25,191	90.9	%
East ^(b)	1	—	—		—	%
Southeast	2	1	7,479		120.2	%
Corporate and unallocated ^(d)	—	—	2,558		100.0	%
Total	8	4	$	35,228	97.8	%

Year Ended September 30, 2013
West	1	1	$	11,080	117.6	%
East	3	3	9,588		107.0	%
Southeast	1	1	5,257		128.6	%
Corporate and unallocated ^(d)	—	—	1,755		100.0	%
Total	5	5	$	27,680	114.9	%

^(a) We have elected to aggregate our disclosure at the reportable segment level because we believe this level of disclosure is most meaningful to the readers of our financial statements.

Summary of Discounted Cash Flow Analysis



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

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

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



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Projects in Progress:
West	$	—	$	4,948	$	46
East	—		100		13
Corporate and unallocated	—		373		—
Total impairment charges on projects in progress	$	—	$	5,421	$	59
Land Held for Sale:
West	$	—	$	—	$	228
East	1,433		232		123
Southeast	—		28		1,778
Total impairment charges on land held for sale	$	1,433	$	260	$	2,129
Lot Option Abandonments:
West	$	—	$	—	$	104
East	1,676		131		20
Southeast	—		2,495		321
Total lot option abandonments charges	$	1,676	$	2,626	$	445
Total continuing operations	$	3,109	$	8,307	$	2,633
Discontinued Operations	—		—		17
Total company impairment and lot option abandonment charges	$	3,109	$	8,307	$	2,650

Summary of Interests in Lot Option Agreements

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



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned - Under Option Agreements
As of September 30, 2015
Unconsolidated lot option agreements	$	51,475	$	420,070	N/A^(a)
Total lot option agreements	$	51,475	$	420,070	$	—
As of September 30, 2014
Consolidated VIEs	$	941	$	2,916	$	3,857
Unconsolidated lot option agreements	42,588		417,618		N/A^(a)
Total lot option agreements	$	43,529	$	420,534	$	3,857

^(a) N/A - Not applicable

Interest (Tables)

12 Months Ended

Sep. 30, 2015

Real Estate Inventory Capitalized Interest Costs [Abstract]

Real Estate Inventory, Capitalized Interest Costs

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Capitalized interest in inventory, beginning of period	$	87,619		$	52,562		$	38,190
Interest incurred	121,754			126,906			115,076
Capitalized interest impaired	—			(245		)	—
Interest expense not qualified for capitalization and included as other expense ^(a)	(29,752		)	(50,784		)	(59,458		)
Capitalized interest amortized to house construction and land sales expenses ^(b)	(56,164		)	(40,820		)	(41,246		)
Capitalized interest in inventory, end of period	$	123,457		$	87,619		$	52,562

^(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, as well as other factors.

Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

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



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

The following table presents our property and equipment as of September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015			September 30, 2014
Buildings and improvements	$	2,329		$	2,329
Model furnishings and sales office improvements	25,111			25,334
Leasehold improvements	5,022			4,197
Information systems	14,290			17,554
Furniture, fixtures and office equipment	11,864			9,999
Property and equipment, gross	58,616			59,413
Less: Accumulated Depreciation	(36,386		)	(40,740		)
Property and equipment, net	$	22,230		$	18,673

Borrowings (Tables)

12 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt

As of September 30, 2015 and September 30, 2014, we had the following debt, net of discounts:



(In thousands)	Maturity Date	September 30, 2015			September 30, 2014
8 1/8% Senior Notes	June 2016	$	170,879		$	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	—			6,703
Unamortized debt discounts		(3,639		)	(4,399		)
Total Senior Notes, net		1,427,240			1,435,183
Junior Subordinated Notes	July 2036	57,803			55,737
Cash Secured Loans	November 2017	22,368			22,368
Other Secured Notes Payable	Various Dates	20,864			22,145
Total debt, net		$	1,528,275		$	1,535,433

Schedule of Maturities of Long-term Debt

As of September 30, 2015, the future maturities of our borrowings were as follows:



Fiscal Year Ended September 30,
(In thousands)
2016	$	178,550
2017	7,180
2018	322,449
2019	565,932
2020	—
Thereafter	500,773
Total	$	1,574,884

Debt Instrument Redemption

The table below summarizes the redemption terms for the Senior Notes issued prior to our fiscal 2014:



Senior Note Description	Issuance Date	Maturity Date	Redemption Terms
8 1/8% Senior Notes	June 2006	June 2016	Callable at any time, in whole or in part, based on a customary make-whole premium amount
6 5/8% Senior Secured Notes	July 2012	April 2018	Callable at any time after July 15, 2015, in whole or in part, at a redemption price equal to 103.313% of the principal amount; next call date is July 15, 2016, callable at a redemption price equal to 101.656% of the principal amount
9 1/8% Senior Notes	November 2010	May 2019	Callable at any time after November 15, 2014, in whole or in part, at a redemption price equal to 104.563% of the principal amount; next call date is November 15, 2015, callable at a redemption price equal to 102.281% of the principal amount
7 1/2% Senior Notes	February 2013	September 2021	Callable 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; after September 15, 2016, callable at a redemption price equal to105.625% of the principal amount; the second call date is September 15, 2017, callable at a redemption price equal to 103.75% of the principal amount; the final call date is September 15, 2018, callable at a redemption price equal to 101.875% of the principal amount
7 1/4% Senior Notes	September 2013	February 2023	Callable at any time prior to February1, 2018, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; after February 1, 2018, callable at a redemption price equal to 103.625% of the principal amount; the second call date is February 1, 2019, callable at a redemption price equal to 102.41% of the principal amount; the final call date is February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount

- 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

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-Name Accounting Standards Codification

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+ Details

Contingencies (Tables)

12 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Warranty reserves

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Balance at beginning of period	$	16,084		$	11,663		$	15,477
Accruals for warranties issued ^(a)	10,356			6,087			5,897
Changes in liability related to warranties existing in prior periods ^(b)	30,482			9,836			(2,856		)
Payments made ^(b)	(29,241		)	(11,502		)	(6,855		)
Balance at end of period	$	27,681		$	16,084		$	11,663

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 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
Year Ended September 30, 2015
Deferred compensation plan assets ^(a)	$	—	$	669	$	—	$	669
Land held for sale ^(b)	—		—		8,814		8,814
Year Ended September 30, 2014
Available-for-sale marketable equity securities ^(a)	$	24,765	$	—	$	—	$	24,765
Deferred compensation plan assets ^(a)	—		517		—		517
Development projects in progress ^(b)	—		—		14,379		14,379
Land held for sale ^(b)	—		—		4,117		4,117

^(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 September 30, 2015 and September 30, 2014:



	As of September 30, 2015				As of September 30, 2014
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,427,240	$	1,412,173	$	1,435,183	$	1,462,899
Junior Subordinated Notes	57,803		57,803		55,736		55,736
	$	1,485,043	$	1,469,976	$	1,490,919	$	1,518,635

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Our benefit from income taxes from continuing operations consists of the following for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Current federal	$	(64	)	$	(44,789	)	$	(4,409	)
Current state	520			322			(394		)
Deferred federal ^(a)	(314,651		)	2,385			1,476
Deferred state ^(a)	(10,374		)	285			(162		)
Total	$	(324,569	)	$	(41,797	)	$	(3,489	)

^(a) Benefit due to release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion below titled “Valuation Allowance.”

Schedule of Effective Income Tax Rate Reconciliation

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Income tax computed at statutory rate	$	7,711		$	(2,406	)	$	(12,479	)
State income taxes, net of federal benefit	2,485			(172		)	(684		)
Decrease in valuation allowance - IRS Settlement	—			(26,846		)	—
(Decrease)/Increase in valuation allowance - other ^(a)	(334,605		)	3,023			11,729
Changes for uncertain tax positions	42			(14,276		)	(1,909		)
IRS interest refund	—			(1,714		)	—
Other, net	(202		)	594			(146		)
Total	$	(324,569	)	$	(41,797	)	$	(3,489	)

^(a)Amount includes $335.2 million release of a substantial portion of the valuation allowance on our deferred tax assets; refer to discussion below titled “Valuation Allowance.”

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 September 30, 2015:



(In thousands)	September 30, 2015
Deferred tax assets:
Subject to annual limitation	$	93,741
Generally not subject to annual limitation	320,230
Total deferred tax assets	413,971
Deferred tax liabilities	(30,939		)
Net deferred tax assets before valuation allowance	383,032
Valuation allowance	(57,659		)
Net deferred tax assets	$	325,373

The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows as of September 30, 2015 and September 30, 2014:



(In thousands)	September 30, 2015			September 30, 2014
Deferred tax assets:
Warranty and other reserves	$	14,913		$	11,587
Incentive compensation	10,780			18,993
Property, equipment and other assets	2,866			2,750
Federal and state tax carryforwards	292,346			357,146
Inventory adjustments	87,335			95,237
Uncertain tax positions	1,917			1,911
Other	3,814			3,923
Total deferred tax assets	413,971			491,547
Deferred tax liabilities:
Deferred revenues	(30,939		)	(43,496		)
Total deferred tax liabilities	(30,939		)	(43,496		)
Net deferred tax assets before valuation allowance	383,032			448,051
Valuation allowance	(57,659		)	(445,228		)
Net deferred tax assets	$	325,373		$	2,823

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of our unrecognized tax benefits follows for the beginning and end of each period presented:



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Balance at beginning of year	$	4,616		$	17,464		$	19,630
Additions for (reductions in) tax positions related to current year	251			150			(1,620		)
Additions for tax positions related to prior years	—			1,365			—
Reductions for tax positions of prior years	(10		)	(14,201		)	—
Lapse of statute of limitations	(136		)	(162		)	(546		)
Balance at end of year	$	4,721		$	4,616		$	17,464

Stock-based Compensation (Tables)

12 Months Ended

Sep. 30, 2015

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

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

A summary of the expense related to stock-based compensation by award type is as follows for the periods presented:



	Fiscal Year Ended September 30,
(In millions)	2015			2014			2013
Stock options expense	$	0.7		$	0.8		$	0.9
Restricted stock awards expense	5.4			1.8			2.0
Before tax stock-based compensation expense	6.1			2.6			2.9
Tax benefit	(1.5		)	(0.7		)	(0.6		)
After tax stock-based compensation expense	$	4.6		$	1.9		$	2.3

Schedule of Assumptions for Stock Options Granted During Period



	Fiscal Year Ended September 30,
	2014			2013
Expected life of options	5.1 years			5.0 years
Expected volatility	45.99		%	46.15		%
Expected dividends	—			—
Weighted average risk-free interest rate	1.42		%	0.63		%
Weighted average fair value	$	7.97		$	5.48

Schedule of Stock Options and SSARs Outstanding, and Related Activity

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



	2015				2014				2013
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	650,223		$	18.12	560,784		$	33.01	429,973		$	48.80
Granted	—		—		161,010		19.11		160,651		13.56
Exercised	(1,209	)	12.07		(2,788	)	14.29		(681	)	10.80
Expired	—		—		(55,811	)	170.32		(22,914	)	47.65
Forfeited	(5,107	)	19.05		(12,972	)	19.85		(6,245	)	17.93
Outstanding at end of period	643,907		$	18.13	650,223		$	18.12	560,784		$	33.01
Exercisable at end of period	491,029		$	18.40	355,703		$	19.74	310,120		$	48.73
Vested or expected to vest in the future	643,877		$	18.13	649,773		$	18.12	558,519		$	33.09

Schedule of Stock Options and SSARS Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable as of September 30, 2015:



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

$1 - $15	253,703	4.71	$	12.28	204,328	4.61	$	12.02
$16 - $20	247,781	4.20	19.30		144,278	2.84	19.43
$21- $30	142,423	1.82	26.51		142,423	1.82	26.51
$1- $30	643,907	3.88	$	18.13	491,029	3.28	$	18.40

Schedule of Nonvested Stock Awards and Performance Shares

Activity relating to all restricted stock awards is as follows for the periods presented:



	Fiscal Year Ended September 30,
	2015				2014				2013
	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Beginning of period	746,567		$	15.76	280,416		$	12.32	323,335		$	19.61
Granted	410,192		19.01		595,567		18.68		99,413		10.95
Vested	(64,719	)	15.96		(113,320	)	22.55		(126,124	)	27.59
Forfeited	(135,757	)	7.77		(16,096	)	15.93		(16,208	)	30.57
End of period	956,283		$	18.27	746,567		$	15.76	280,416		$	12.32

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted



	Fiscal Year Ended September 30,
(in thousands)	2015	2014	2013
Basic shares	27,628	25,795	24,651
Shares issued upon conversion of TEUs ^(a)	4,069	5,784	—
Shares issuable upon vesting/exercise of stock awards/options	75	216	—
Diluted shares	31,772	31,795	24,651

Segment Information (Tables)

12 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Schedule of segment reporting information

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



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Revenue
West	$	607,515	$	556,741	$	547,636
East	576,560		552,082		483,685
Southeast	443,338		354,944		256,256
Total revenue	$	1,627,413	$	1,463,767	$	1,287,577



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Operating income (loss)
West	$	67,236		$	65,442		$	59,084
East	52,516			48,127			40,670
Southeast	37,114			31,854			23,030
Operating segment total	156,866			145,423			122,784
Corporate and unallocated ^(a)	(105,279		)	(89,734		)	(95,523		)
Total operating income	$	51,587		$	55,689		$	27,261



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Depreciation and amortization
West	$	5,544	$	5,722	$	5,305
East	3,091		3,447		3,479
Southeast	2,776		2,075		1,683
Operating segment total	11,411		11,244		10,467
Corporate and unallocated ^(a)	1,927		2,035		2,317
Depreciation and amortization	$	13,338	$	13,279	$	12,784

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



	Fiscal Year Ended September 30,
(In thousands)	2015		2014		2013
Capital Expenditures
West	$	7,348	$	6,660	$	4,835
East	3,692		3,050		1,915
Southeast	3,379		2,979		1,311
Corporate and unallocated ^(a)	2,219		1,864		2,700
Total capital expenditures	$	16,638	$	14,553	$	10,761

^(a) Amount includes non-cash capital expenditure; refer to Note 3.

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



(In thousands)	September 30, 2015		September 30, 2014		September 30, 2013
Assets
West	$	843,564	$	756,575	$	680,346
East	436,346		433,032		369,937
Southeast	317,295		299,215		228,814
Corporate and unallocated ^(a)	823,998		577,398		707,692
Total assets	$	2,421,203	$	2,066,220	$	1,986,789

^(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)

12 Months Ended

Sep. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating Balance Sheet Information



	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	232,226	$	21,543	$	1,006	$	(3,192	)	$	251,583
Restricted cash	37,177		1,724		—		—			38,901
Accounts receivable (net of allowance of $1,052)	—		52,378		1		—			52,379
Income tax receivable	419		—		—		—			419
Owned inventory	—		1,697,590		—		—			1,697,590
Investments in unconsolidated entities and marketable securities	773		12,961		—		—			13,734
Deferred tax assets, net	325,373		—		—		—			325,373
Property and equipment, net	—		22,230		—		—			22,230
Investments in subsidiaries	649,701		—		—		(649,701		)	—
Intercompany	913,733		—		2,384		(916,117		)	—
Other assets	12,519		6,471		4		—			18,994
Total assets	$	2,171,921	$	1,814,897	$	3,395	$	(1,569,010	)	$	2,421,203
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	113,539	$	—	$	—		$	113,539
Other liabilities	31,703		116,718		545		—			148,966
Intercompany	2,384		916,925		—		(919,309		)	—
Total debt (net of discounts of $3,639)	1,507,411		20,864		—		—			1,528,275
Total liabilities	1,541,498		1,168,046		545		(919,309		)	1,790,780
Stockholders’ equity	630,423		646,851		2,850		(649,701		)	630,423
Total liabilities and stockholders’ equity	$	2,171,921	$	1,814,897	$	3,395	$	(1,569,010	)	$	2,421,203



	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
Land not owned under option agreements	—		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 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

Consolidating Statement of Operations Information



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2015
Total revenue	$	—		$	1,627,413		$	198		$	(198	)	$	1,627,413
Home construction and land sales expenses	55,006			1,297,052			—			(198		)	1,351,860
Inventory impairments and option contract abandonments	—			3,109			—			—			3,109
Gross (loss) profit	(55,006		)	327,252			198			—			272,444
Commissions	—			65,023			—			—			65,023
General and administrative expenses	—			142,391			105			—			142,496
Depreciation and amortization	—			13,338			—			—			13,338
Operating (loss) income	(55,006		)	106,500			93			—			51,587
Equity in income of unconsolidated entities	—			536			—			—			536
Loss on extinguishment of debt	(80		)	—			—			—			(80		)
Other expense, net	(29,752		)	(258		)	(3		)	—			(30,013		)
(Loss) income before income taxes	(84,838		)	106,778			90			—			22,030
(Benefit from) provision for income taxes	(32,275		)	(292,326		)	32			—			(324,569		)
Equity in income of subsidiaries	399,162			—			—			(399,162		)	—
Income (loss) from continuing operations	346,599			399,104			58			(399,162		)	346,599
Loss from discontinued operations	—			(2,495		)	(10		)	—			(2,505		)
Equity in loss of subsidiaries	(2,505		)	—			—			2,505			—
Net income (loss)	$	344,094		$	396,609		$	48		$	(396,657	)	$	344,094
Change in unrealized loss related to available-for-sale securities	1,276			—			—			—			1,276
Comprehensive income (loss)	$	345,370		$	396,609		$	48		$	(396,657	)	$	345,370
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2014
Total revenue	$	—		$	1,463,767		$	379		$	(379	)	$	1,463,767
Home construction and land sales expenses	39,255			1,153,125			—			(379		)	1,192,001
Inventory impairments and option contract abandonments	245			8,062			—			—			8,307
Gross (loss) profit	(39,500		)	302,580			379			—			263,459
Commissions	—			58,028			—			—			58,028
General and administrative expenses	—			136,349			114			—			136,463
Depreciation and amortization	—			13,279			—			—			13,279
Operating (loss) income	(39,500		)	94,924			265			—			55,689
Equity in income of unconsolidated entities	—			6,545			—			—			6,545
Loss on extinguishment of debt	(19,917		)	—			—			—			(19,917		)
Other (expense) income, net	(50,786		)	1,600			(5		)	—			(49,191		)
(Loss) income before income taxes	(110,203		)	103,069			260			—			(6,874		)
(Benefit from) provision for income taxes	(14,247		)	(27,642		)	92			—			(41,797		)
Equity in income of subsidiaries	130,879			—			—			(130,879		)	—
Income (loss) from continuing operations	34,923			130,711			168			(130,879		)	34,923
Loss from discontinued operations	—			(532		)	(8		)	—			(540		)
Equity in loss of subsidiaries	(540		)	—			—			540			—
Net income (loss)	$	34,383		$	130,179		$	160		$	(130,339	)	$	34,383
Change in unrealized loss related to available-for-sale securities	(1,276		)	—			—			—			(1,276		)
Comprehensive income (loss)	$	33,107		$	130,179		$	160		$	(130,339	)	$	33,107

Beazer Homes USA, Inc.

Consolidating Statements of Income and Comprehensive Income Information

(In thousands)



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2013
Total revenue	$	—		$	1,287,577		$	736	$	(736	)	$	1,287,577
Home construction and land sales expenses	41,246			1,030,304			—		(736		)	1,070,814
Inventory impairments and option contract abandonments	—			2,633			—		—			2,633
Gross (loss) profit	(41,246		)	254,640			736		—			214,130
Commissions	—			52,922			—		—			52,922
General and administrative expenses	—			121,035			128		—			121,163
Depreciation and amortization	—			12,784			—		—			12,784
Operating (loss) income	(41,246		)	67,899			608		—			27,261
Equity in loss of unconsolidated entities	—			(113		)	—		—			(113		)
Loss on extinguishment of debt	(4,636		)	—			—		—			(4,636		)
Other (expense) income, net	(59,458		)	1,278			15		—			(58,165		)
(Loss) income before income taxes	(105,340		)	69,064			623		—			(35,653		)
(Benefit from) provision for income taxes	(10,765		)	7,058			218		—			(3,489		)
Equity in income of subsidiaries	62,411			—			—		(62,411		)	—
(Loss) income from continuing operations	(32,164		)	62,006			405		(62,411		)	(32,164		)
(Loss) income from discontinued operations	—			(1,736		)	32		—			(1,704		)
Equity in loss of subsidiaries	(1,704		)	—			—		1,704			—
Net (loss) income and comprehensive (loss) income	$	(33,868	)	$	60,270		$	437	$	(60,707	)	$	(33,868	)

Consolidating Statements of Cash Flow Information



	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2015
Net cash (used in) provided by operating activities	$	(388,584	)	$	307,668		$	(133	)	$	—		$	(81,049	)
Cash flows from investing activities:
Capital expenditures	—			(15,964		)	—			—			(15,964		)
Investments in unconsolidated entities	—			(4,944		)	—			—			(4,944		)
Proceeds from sale of marketable securities and unconsolidated entities	—			24,245			—			—			24,245
Increases in restricted cash	(2,982		)	(2,564		)	—			—			(5,546		)
Decreases in restricted cash	27,751			1,835			—			—			29,586
Advances to/from subsidiaries	302,569			—			25			(302,594		)	—
Net cash used in investing activities	327,338			2,608			25			(302,594		)	27,377
Cash flows from financing activities:
Repayment of debt	(8,703		)	(9,870		)	—			—			(18,573		)
Debt issuance costs	(126		)	—			—			—			(126		)
Borrowing from credit facility	75,000			—			—			—			75,000
Repayment of borrowing from credit facility	(75,000		)	—			—			—			(75,000		)
Payments for other financing activities	(200		)	—			—			—			(200		)
Dividends paid	500			—			(500		)	—			—
Advances to/from subsidiaries	21			(300,897		)	—			300,876			—
Net cash (used in) provided by financing activities	(8,508		)	(310,767		)	(500		)	300,876			(18,899		)
Decrease (increase) in cash and cash equivalents	(69,754		)	(491		)	(608		)	(1,718		)	(72,571		)
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	$	232,226		$	21,543		$	1,006		$	(3,192	)	$	251,583

Beazer Homes USA, Inc.

Consolidating Statements of Cash Flow Information

(In thousands)



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

Fiscal Year Ended September 30, 2013
Net cash (used in) provided by operating activities	$	(89,306	)	$	(86,300	)	$	964		$	—		$	(174,642	)
Cash flows from investing activities:
Capital expenditures	—			(10,761		)	—			—			(10,761		)
Investments in unconsolidated entities	—			(3,879		)	—			—			(3,879		)
Return of capital from unconsolidated entities	—			510			—			—			510
Increases in restricted cash	(3,460		)	(1,330		)	—			—			(4,790		)
Decreases in restricted cash	208,487			585			—			—			209,072
Net cash provided by (used in) investing activities	205,027			(14,875		)	—			—			190,152
Cash flows from financing activities:
Repayment of debt	(184,250		)	(473		)	—			—			(184,723		)
Proceeds from issuance of new debt	397,082			—			—			—			397,082
Repayment of cash secured loans	(205,000		)	—			—			—			(205,000		)
Debt issuance costs	(5,548		)	—			—			—			(5,548		)
Settlement of unconsolidated entity debt obligations	—			(500		)	—			—			(500		)
Payments for other financing activities	(157		)	—			—			—			(157		)
Advances to/from subsidiaries	(99,901		)	100,257			27			(383		)	—
Net cash provided by (used in) financing activities	(97,774		)	99,284			27			(383		)	1,154
Increase (decrease) in cash and cash equivalents	17,947			(1,891		)	991			(383		)	16,664
Cash and cash equivalents at beginning of period	481,394			8,215			646			(2,460		)	487,795
Cash and cash equivalents at end of period	$	499,341		$	6,324		$	1,637		$	(2,843	)	$	504,459

Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

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



	Fiscal Year Ended September 30,
(In thousands)	2015			2014			2013
Total revenue	$	1,030		$	3,864		$	288
Home construction and land sales expenses ^(a)	4,518			4,768			(319		)
Inventory impairments and lot option abandonments	—			—			17
Gross (loss) profit	(3,488		)	(904		)	590
General and administrative expenses ^(b)	380			(351		)	2,566
Operating loss	(3,868		)	(553		)	(1,976		)
Other income (loss), net	5			8			77
Loss from discontinued operations before income taxes	(3,863		)	(545		)	(1,899		)
Benefit from income taxes	(1,358		)	(5		)	(195		)
Loss from discontinued operations, net of tax	$	(2,505	)	$	(540	)	$	(1,704	)

^(b)The year ended September 30, 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

Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Selected summarized quarterly financial information is as follows for the periods presented:



(In thousands, except per share data)	Quarter Ended
Fiscal 2015	December 31			March 31			June 30			September 30
Total revenue	$	265,764		$	299,359		$	429,438		$	632,852
Gross profit^(a)	35,218			53,913			76,108			107,205
Operating (loss) income	(9,490		)	6,436			17,696			36,945
Net (loss) income from continuing operations ^(b)	(18,086		)	(2,060		)	12,221			354,524
Basic EPS from continuing operations	$	(0.68	)	$	(0.08	)	$	0.46		$	11.42
Diluted EPS from continuing operations	$	(0.68	)	$	(0.08	)	$	0.38		$	11.16

Fiscal 2014
Total revenue	$	293,170		$	270,021		$	354,671		$	545,905
Gross profit ^(a)	54,670			52,172			68,804			87,813
Operating income	11,532			5,617			15,088			23,452
Net (loss) income from continuing operations ^(b)	(3,948		)	(8,224		)	(13,193		)	60,288
Basic EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	2.28
Diluted EPS from continuing operations	$	(0.16	)	$	(0.32	)	$	(0.50	)	$	1.90


^(a)	Gross profit in fiscal 2015 and 2014 includes inventory impairment and option contract abandonments as follows:



(In thousands)	Fiscal 2015		Fiscal 2014
1st Quarter	$	—	$	31
2nd Quarter	—		880
3rd Quarter	249		2,010
4th Quarter	2,860		5,386
	$	3,109	$	8,307


^(b)	Net (loss) income from continuing operations in fiscal 2015 and 2014 includes loss on extinguishment of debt (as follows).



(In thousands)	Fiscal 2015			Fiscal 2014
1st Quarter	$	—		$	—
2nd Quarter	—			(153		)
3rd Quarter	—			(19,764		)
4th Quarter	(80		)	—
	$	(80	)	$	(19,917	)

Basis of Presentation and Summary of Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2015 home	Sep. 30, 2014	Sep. 30, 2013
Summary of Significant Accounting Policies [Line Items]
Threshold Number of Homes Below a Minimum Threshold of Profitability	10
Measurement threshold of likelihood of being realized (percent)	50.00%
Advertising costs	$ 18.0	$ 17.8	$ 14.2
Minimum
Summary of Significant Accounting Policies [Line Items]
Time to Develop, Sell, Construct and Close All Houses	3 years
Estimated future warranty costs as a percentage or revenue (percent)	0.26011%
Maximum
Summary of Significant Accounting Policies [Line Items]
Time to Develop, Sell, Construct and Close All Houses	5 years
Estimated future warranty costs as a percentage or revenue (percent)	2.61%
Buildings \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	25 years
Buildings \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	30 years
Information systems \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Furniture, Fixtures, Computer and Office Equipment \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Furniture, Fixtures, Computer and Office Equipment \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	7 years

Supplemental Cash Flow Information (Details) (USD $)	12 Months Ended
Supplemental Cash Flow Information (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Supplemental disclosure of non-cash activity:
Decrease in obligations related to land not owned under option agreements	$ (2,916,000)	$ (1,717,000)	$ (154,000)
Decrease in debt related to conversion of Mandatory Convertible Subordinated Notes and Tangible Equity Units for common stock	0	(2,376,000)	(9,402,000)
Sale of interest in REIT for shares of AMH	0	26,040,000	0
Purchase of AMH shares in exchange for interest in REIT	0	(26,040,000)	0
Non-cash land acquisitions	12,904,000	20,274,000	11,000,000
Issuance of stock under deferred bonus stock plans	0	103,000	68,000
Non-cash capital expenditure	674,000	0	0
Supplemental disclosure of cash activity:
Interest payments	117,177,000	117,501,000	102,716,000
Income tax payments	942,000	212,000	403,000
Tax refunds received	0	33,271,000	6,730,000
Non-cash Land Acquisitions, Non-cash Seller Financing	7,800,000
Non-cash Land Acquisitions, Lot Takedown Costs	$ 5,100,000

Investments in Marketable Securities and Unconsolidated Entities - Narrative (Details) (USD $)	12 Months Ended			15 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2015
Schedule of Equity Method Investments [Line Items]
Gain (Loss) on Sale of Investments	$ (500,000)			$ (1,800,000)
Settlement of Unconsolidated JV Debt Obligation	0	0	500,000
Impairment of unconsolidated entity investment	0	0	(181,000)
South Edge
Schedule of Equity Method Investments [Line Items]
Settlement of Unconsolidated JV Debt Obligation	3,300,000	1,000,000
Joint Venture Obligation	$ 1,900,000			$ 1,900,000

Investments in Marketable Securities and Unconsolidated Entities (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]
Beazer’s investment in unconsolidated entities	$ 13,734	$ 13,576
Total equity of unconsolidated entities	52,118	59,336
Total outstanding borrowings of unconsolidated entities	12,206	11,254
Income from unconsolidated entity activity	536	6,545	68
Impairment of unconsolidated entity investment	0	0	(181)
Total equity in income (loss) of unconsolidated entities	$ 536	$ 6,545	$ (113)

- 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

Inventory - Schedule of Inventory (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Real Estate [Abstract]
Homes under construction	$ 377,281	$ 282,095
Development projects in progress	809,900	786,768
Land held for future development	270,990	301,048
Land held for sale	44,555	51,672
Capitalized interest	123,457	87,619	52,562	38,190
Model homes	71,407	48,294
Total owned inventory	$ 1,697,590	$ 1,557,496

Inventory - Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2015 home	Sep. 30, 2014 Community home	Sep. 30, 2013
Real Estate Properties [Line Items]
Number of substantially completed homes not subject to a sales contract	128	205
Total value of substantially completed homes	$ 40.1	$ 48.0
Impairment of Ongoing Project	0	5.4	0.1
Threshold Number of Homes Below a Minimum Threshold of Profitability	10
Number of communities impaired		2
Minimum
Real Estate Properties [Line Items]
Discount rate		13.00%
Maximum
Real Estate Properties [Line Items]
Discount rate		15.00%
East \| Discontinued Operations
Real Estate Properties [Line Items]
Impairment of Ongoing Project		$ 0.1
Threshold Number of Homes Below a Minimum Threshold of Profitability	10

Inventory - Total Owned Inventory by Segment (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Projects in Progress (a)	$ 1,382,045	$ 1,204,776
Land Held for Future Development	270,990	301,048
Land Held for Sale	44,555	51,672
Total owned inventory	1,697,590	1,557,496
West Segment
Segment Reporting Information [Line Items]
Projects in Progress (a)	583,210	462,508
Land Held for Future Development	230,778	260,898
Land Held for Sale	6,941	10,026
Total owned inventory	820,929	733,432
East Segment
Segment Reporting Information [Line Items]
Projects in Progress (a)	353,054	353,859
Land Held for Future Development	29,280	29,239
Land Held for Sale	30,927	34,530
Total owned inventory	413,261	417,628
Southeast Segment
Segment Reporting Information [Line Items]
Projects in Progress (a)	277,351	264,843
Land Held for Future Development	10,932	10,911
Land Held for Sale	5,587	4,821
Total owned inventory	293,870	280,575
Corporate and unallocated
Segment Reporting Information [Line Items]
Projects in Progress (a)	168,430	123,566
Land Held for Future Development	0	0
Land Held for Sale	1,100	2,295
Total owned inventory	$ 169,530	$ 125,861

Inventory - Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014 Community	Sep. 30, 2013 Community
Real Estate Properties [Line Items]
Number of Communities on Watch List	8	5
Number of Communities	4	5
Pre-analysis Book Value (BV)	$ 35,228	$ 27,680
Aggregate Undiscounted Cash Flow as a % of BV	97.80%	114.90%
West
Real Estate Properties [Line Items]
Number of Communities on Watch List	5	1
Number of Communities	3	1
Pre-analysis Book Value (BV)	25,191	11,080
Aggregate Undiscounted Cash Flow as a % of BV	90.90%	117.60%
East
Real Estate Properties [Line Items]
Number of Communities on Watch List	1	3
Number of Communities	0	3
Pre-analysis Book Value (BV)	0	9,588
Aggregate Undiscounted Cash Flow as a % of BV	0.00%	107.00%
Southeast
Real Estate Properties [Line Items]
Number of Communities on Watch List	2	1
Number of Communities	1	1
Pre-analysis Book Value (BV)	7,479	5,257
Aggregate Undiscounted Cash Flow as a % of BV	120.20%	128.60%
Corporate and unallocated
Real Estate Properties [Line Items]
Number of Communities on Watch List	0	0
Number of Communities	0	0
Pre-analysis Book Value (BV)	$ 2,558	$ 1,755
Aggregate Undiscounted Cash Flow as a % of BV	100.00%	100.00%

Inventory - Results of Discounted Cash Flow Analysis (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2014 Community
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired	2
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired	2
Number of Lots Impaired	180
Inventory Impairment, Results of Discounted Cash Flow Analysis	$ 5,321
Estimated Fair Value of Impaired Inventory at Period End	14,379
Continuing Operations \| West
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired	2
Number of Lots Impaired	180
Inventory Impairment, Results of Discounted Cash Flow Analysis	4,948
Estimated Fair Value of Impaired Inventory at Period End	14,379
Continuing Operations \| Corporate and unallocated
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired	0
Number of Lots Impaired	0
Inventory Impairment, Results of Discounted Cash Flow Analysis	373
Estimated Fair Value of Impaired Inventory at Period End	$ 0

Inventory - Inventory Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale:	$ 1,400	$ 200	$ 2,100
Inventory impairments and option contract abandonments	3,109	8,307	2,650
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	5,421	59
Land Held for Sale:	1,433	260	2,129
Lot Option Abandonments:	1,676	2,626	445
Inventory impairments and option contract abandonments	3,109	8,307	2,633
Continuing Operations \| West
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	4,948	46
Land Held for Sale:	0	0	228
Lot Option Abandonments:	0	0	104
Continuing Operations \| East
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	100	13
Land Held for Sale:	1,433	232	123
Lot Option Abandonments:	1,676	131	20
Continuing Operations \| Southeast
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale:	0	28	1,778
Lot Option Abandonments:	0	2,495	321
Continuing Operations \| Corporate and unallocated
Real Estate, Write-down or Reserve [Line Items]
Held for Development	0	373	0
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Inventory impairments and option contract abandonments	$ 0	$ 0	$ 17

Inventory - Summary of Interests in Lot Option Agreements (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	$ 51,475	$ 43,529
Remaining Obligation	420,070	420,534
Land Not Owned - Under Option Agreements	0	3,857
Consolidated VIEs
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred		941
Remaining Obligation		2,916
Land Not Owned - Under Option Agreements		3,857
Unconsolidated lot option agreements
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	51,475	42,588
Remaining Obligation	$ 420,070	$ 417,618

Interest (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 87,619	$ 52,562	$ 38,190
Interest incurred	121,754	126,906	115,076
Capitalized interest impaired	0	(245)	0
Interest expense not qualified for capitalization and included as other expense (a)	(29,752)	(50,784)	(59,458)
Capitalized interest amortized to house construction and land sales expenses (b)	(56,164)	(40,820)	(41,246)
Capitalized interest in inventory, end of period	$ 123,457	$ 87,619	$ 52,562

Property and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 58,616	$ 59,413
Less: Accumulated Depreciation	(36,386)	(40,740)
Property and equipment, net	22,230	18,673
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,329	2,329
Model furnishings and sales office improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	25,111	25,334
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	5,022	4,197
Information systems
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,290	17,554
Furniture, fixtures and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 11,864	$ 9,999

Borrowings - Schedule of Long-term Debt (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 Senior Notes	Sep. 30, 2014 Senior Notes	Sep. 30, 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, 2015 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2015 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2015 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 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, 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. 01, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2015 Senior Notes TEU Senior Amortizing Notes Maturing July 2015	Sep. 30, 2014 Senior Notes TEU Senior Amortizing Notes Maturing July 2015	Sep. 30, 2015 Junior Subordinated Notes	Sep. 30, 2014 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Sep. 30, 2014 Cash Secured Loans	Sep. 30, 2015 Other Secured Notes Payable	Sep. 30, 2014 Other Secured Notes Payable
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)					8.125%	8.125%	6.625%	6.625%	9.125%	9.125%	9.125%	9.125%	5.75%	5.75%	7.50%	7.50%	7.25%	7.25%	7.25%					7.987%
Unamortized debt discounts	$ (3,639)	$ (4,399)	$ (3,639)	$ (4,399)																		$ (43,000)
Total debt, net	$ 1,528,275	$ 1,535,433	$ 1,427,240	$ 1,435,183	$ 170,879	$ 172,879	$ 300,000	$ 300,000			$ 235,000	$ 235,000	$ 325,000	$ 325,000	$ 200,000	$ 200,000	$ 200,000	$ 200,000		$ 0	$ 6,703	$ 57,803	$ 55,737		$ 22,368	$ 20,864	$ 22,145

Borrowings - Schedule of Future Debt Maturities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015
Debt Disclosure [Abstract]
2016	$ 178,550
2017	7,180
2018	322,449
2019	565,932
2020	0
Thereafter	500,773
Total	$ 1,574,884

Borrowings - Narrative (Details) (USD $)	3 Months Ended								12 Months Ended				12 Months Ended			12 Months Ended								12 Months Ended										12 Months Ended			12 Months Ended				12 Months Ended
Borrowings - Narrative (Details) (USD $)	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2015 Secured Revolving Credit Facility	Sep. 30, 2013 Senior Notes	Sep. 30, 2015 Senior Notes	Sep. 30, 2014 Senior Notes	Sep. 30, 2012 Senior Notes 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 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, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 2014 Senior Notes 5 3/4% Senior Notes Maturing June 2019	Sep. 30, 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	Sep. 30, 2015 Senior Notes 5 3/4% Senior Notes Maturing June 2019 Optional Redemption Under Indenture	Sep. 30, 2015 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 2014 Senior Notes 9 1/8% Senior Notes Maturing June 2018	Sep. 30, 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. 01, 2013 Senior Notes 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 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, 2015 Senior Notes 6 7/8% Senior Notes Maturing July 2015	Sep. 30, 2015 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 Senior Notes 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2015 Senior Notes Tangible Equity Units	Sep. 30, 2014 Senior Notes Tangible Equity Units	Jul. 17, 2012 Senior Notes Tangible Equity Units TEUs	Sep. 30, 2015 Junior Subordinated Notes	Sep. 30, 2014 Junior Subordinated Notes	Jan. 15, 2010 Junior Subordinated Notes	Jun. 15, 2006 Junior Subordinated Notes	Sep. 30, 2015 Letter of Credit, Cash Secured loan_facility	Sep. 30, 2015 Other Secured Notes Payable	Sep. 30, 2014 Other Secured Notes Payable	Sep. 30, 2015 Secured Revolving Credit Facility	Nov. 10, 2014 Secured Revolving Credit Facility lender	Oct. 30, 2015 Secured Revolving Credit Facility Subsequent Event	Sep. 30, 2015 Letter of Credit	Sep. 30, 2014 Letter of Credit
Line of Credit Facility [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity																																												$ 130,000,000		$ 145,000,000
Number of lenders																																													3
Line of Credit, Current																																												20,000,000
Inventory assets pledged as collateral																																												1,000,000,000
Outstanding borrowings under Secured Revolving Credit Facility												28,700,000																																0
Line of Credit Facility, Remaining Borrowing Capacity	101,300,000								101,300,000
Letters of credit secured using cash collateral																																															14,400,000	39,100,000
Senior Notes [Abstract]
Beazer homes' ownership interest in guarantor subsidiaries	100.00%								100.00%
Minimum consolidated tangible net worth	85,000,000								85,000,000
Debt Instrument, Original Percentage of Debt That Could Be Repurchased														10.00%
Debt Instrument, Original Amount of Debt That Could Be Repurchased														27,500,000
Consolidated Tangible Net Worth	612,500,000								612,500,000
Total debt (net of discounts of $3,639 and $4,399, respectively)	1,528,275,000				1,535,433,000				1,528,275,000	1,535,433,000				1,427,240,000	1,435,183,000		170,879,000	172,879,000	325,000,000	325,000,000						200,000,000	200,000,000		200,000,000	200,000,000		300,000,000	300,000,000				57,803,000	55,737,000			22,368,000	20,864,000	22,145,000
Debt instrument stated interest rate (percent)																	8.125%	8.125%	5.75%	5.75%				9.125%	9.125%	7.25%	7.25%	7.25%	7.50%	7.50%	6.875%	6.625%	6.625%			7.50%				7.987%
Make Whole Payment																								17,200,000
Debt instrument redemption price (percent)																			100.00%		100.00%	101.00%	105.75%
Percent of original debt amount required to be offered for repurchase (percent)																			35.00%				65.00%
Early Repayment of Senior Debt																2,000,000
Outstanding debt that was redeemed or repurchased																								2,000,000
Stock Exchange, Debt Related to Tangible Equity Unit																																			2,400,000
Debt Instrument, Convertible, Number of Equity Instruments																																		5,200,000
Loss on extinguishment of debt	80,000	0	0	0	0	19,764,000	153,000	0	80,000	19,917,000	4,636,000		3,600,000												(19,800,000)
Tangible Equity Units TEUs Converted																																			890,000
Tangible Equity Units (TEUs) issued during period (units)																																				4,600,000
Junior Subordinated Notes [Abstract]
Aggregate principal amount of debt																												200,000,000											75,000,000	103,100,000
Effective period of debt instrument interest rate																																					10 years
Unamortized accretion	3,639,000				4,399,000				3,639,000	4,399,000				3,639,000	4,399,000																						43,000,000
Number of loan facilities																																									2
Three-month LIBOR																																									LIBOR
Spread on three-month LIBOR rate (percent)																																									0.40%
Secured Debt [Abstract]
Long-term debt												$ 0
Weighted average fixed interest rate of debt (percent)																																										4.72%

Borrowings - Schedule of Debt Redemption (Details) (Senior Notes)					12 Months Ended				12 Months Ended				12 Months Ended							12 Months Ended
	Sep. 30, 2015 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2014 8 1/8% Senior Notes Maturing June 2016	Sep. 30, 2015 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2014 6 5/8% Senior Secured Notes Maturing April 2018	Sep. 30, 2015 6 5/8% Senior Secured Notes Maturing April 2018 Debt Instrument, Redemption, Period One	Sep. 30, 2015 6 5/8% Senior Secured Notes Maturing April 2018 Debt Instrument, Redemption, Period Two	Sep. 30, 2015 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2014 9 1/8% Senior Notes Maturing May 2019	Sep. 30, 2015 9 1/8% Senior Notes Maturing May 2019 Debt Instrument, Redemption, Period One	Sep. 30, 2015 9 1/8% Senior Notes Maturing May 2019 Debt Instrument, Redemption, Period Two	Sep. 30, 2015 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2014 7 1/2% Senior Notes Maturing September 2021	Sep. 30, 2015 7 1/2% Senior Notes Maturing September 2021 Debt Instrument, Redemption, Period One	Sep. 30, 2015 7 1/2% Senior Notes Maturing September 2021 Debt Instrument, Redemption, Period Two	Sep. 30, 2015 7 1/2% Senior Notes Maturing September 2021 Debt Instrument, Redemption, Period Three	Sep. 30, 2015 7 1/2% Senior Notes Maturing September 2021 Debt Instrument, Redemption, Period Four	Sep. 30, 2015 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2014 7 1/4% Senior Notes Maturing February 2023	Feb. 01, 2013 7 1/4% Senior Notes Maturing February 2023	Sep. 30, 2015 7 1/4% Senior Notes Maturing February 2023 Debt Instrument, Redemption, Period One	Sep. 30, 2015 7 1/4% Senior Notes Maturing February 2023 Debt Instrument, Redemption, Period Two	Sep. 30, 2015 7 1/4% Senior Notes Maturing February 2023 Debt Instrument, Redemption, Period Three	Sep. 30, 2015 7 1/4% Senior Notes Maturing February 2023 Debt Instrument, Redemption, Period Four
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	8.125%	8.125%	6.625%	6.625%			9.125%	9.125%			7.50%	7.50%					7.25%	7.25%	7.25%
Debt Instrument, Redemption Price, Percentage					103.313%	101.656%			104.563%	102.281%			100.00%	105.625%	103.75%	101.875%				100.00%	103.625%	102.41%	101.208%

Contingencies - Warranty (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 16,084	$ 11,663	$ 15,477
Accruals for warranties issued	10,356	6,087	5,897
Changes in liability related to warranties existing in prior periods	30,482	9,836	(2,856)
Payments made	(29,241)	(11,502)	(6,855)
Balance at end of period	$ 27,681	$ 16,084	$ 11,663

Contingencies - Narrative (Details) (USD $)	12 Months Ended					12 Months Ended		15 Months Ended		12 Months Ended	15 Months Ended		12 Months Ended
Contingencies - Narrative (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2015 DPA Liability	Sep. 30, 2015 FLORIDA home	Sep. 30, 2014 FLORIDA home	Sep. 30, 2015 Specific Warranty Issue	Sep. 30, 2015 Specific Warranty Issue FLORIDA	Sep. 30, 2015 Specific Warranty Issue NEW JERSEY Community	Sep. 30, 2015 Specific Warranty Issue NEW JERSEY	Sep. 30, 2015 Performance Bonds	Sep. 30, 2015 Minimum	Sep. 30, 2015 Maximum
Loss Contingencies [Line Items]
Standard product warranty period													1 year	2 years
Limited Product Warranty Length	5 years
Product Warranty Expense								$ 31,200,000	$ 30,600,000		$ 600,000
Homes Likely to Require More than Minor Repairs						532	135
Product Warranty Accrual, Warranties Issued							4,300,000
Homes Repaired During Period						163	11
Product Warranty Accrual, Payments						(15,800,000)	300,000
Standard Product Warranty Accrual	27,681,000	16,084,000	11,663,000	15,477,000		14,500,000	4,000,000
Number of Homes Requiring More than Minor Repairs Accounted for in Warranty Liability							124
Number of Communities With Water Intrusion Issues										1
Average Age of Specific Issue Warranty										8 years
Insurance Recoveries	18,900,000					12,700,000
InsuranceReimbursements	11,100,000
InsuranceReceivableNet	7,800,000
Company's Liability Under Deferred Prosecution Agreement, Percentage of Company's Adjusted EBITDA	4.00%
Loss Contingency, Range of Possible Loss, Maximum	48,000,000
Loss Contingency, Damages Paid, Value	22,700,000
Accrued amounts for litigation and other contingent liabilities	12,600,000	13,400,000			7,400,000
Loss Contingency Accrual, Provision	5,300,000	5,400,000	3,500,000
Letters of credit secured using cash collateral												43,100,000
Cash collateral in restricted accounts securing letters of credit												$ 201,300,000

Fair Value Measurements - Narrative (Details) (USD $)	12 Months Ended
Fair Value Measurements - Narrative (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Impairment of projects in process	$ 0	$ 5,400,000	$ 100,000
Impairment of land held for sale	1,400,000	200,000	2,100,000
Impairment of joint venture investments			200,000
Change in unrealized loss related to available-for-sale securities	$ 1,276,000	$ (1,276,000)	$ 0

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable equity securities		$ 24,765
Deferred compensation plan assets	669	517
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable equity securities		24,765
Deferred compensation plan assets	0	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable equity securities		0
Deferred compensation plan assets	669	517
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale marketable equity securities		0
Deferred compensation plan assets	0	0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress		14,379
Land held for sale	8,814	4,117
Fair Value, Measurements, Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress		0
Land held for sale	0	0
Fair Value, Measurements, Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress		0
Land held for sale	0	0
Fair Value, Measurements, Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress		14,379
Land held for sale	$ 8,814	$ 4,117

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total debt, net	$ 1,528,275	$ 1,535,433
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,427,240	1,435,183
Junior Subordinated Notes	57,803	55,736
Total debt, net	1,485,043	1,490,919
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,412,173	1,462,899
Junior Subordinated Notes	57,803	55,736
Total debt, net	$ 1,469,976	$ 1,518,635

Operating Leases (Details) (USD $)	12 Months Ended
Operating Leases (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Rental expense	$ 5,200,000	$ 5,400,000	$ 4,900,000
2016	4,019,000
2017	3,154,000
2018	2,251,000
2019	1,394,000
2020	673,000
Thereafter	253,000
Total	$ 11,744,000

Other Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Other Liabilities [Abstract]
Accrued interest	$ 31,632	$ 34,645
Accrued warranty expenses	27,681	16,084	11,663	15,477
Accrued bonus and deferred compensation	25,076	24,270
Customer deposits	13,757	11,977
Litigation accrual	12,607	13,401
Income tax liabilities	1,998	5,576
Other	36,215	36,563
Total	$ 148,966	$ 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

Income Taxes - Components of Income Tax Expense (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Current federal	$ (64)	$ (44,789)	$ (4,409)
Current state	520	322	(394)
Deferred federal	(314,651)	2,385	1,476
Deferred state	(10,374)	285	(162)
Total	$ (324,569)	$ (41,797)	$ (3,489)

- Definition

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

+ References+ Details

- Definition

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

+ References+ Details

- Definition

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

+ References+ Details

- Definition

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

+ References+ Details

Income Taxes - Effective Income Tax Rate Reconciliation (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income tax computed at statutory rate	$ 7,711	$ (2,406)	$ (12,479)
State income taxes, net of federal benefit	2,485	(172)	(684)
Decrease in valuation allowance - IRS Settlement	0	(26,846)	0
(Decrease)/Increase in valuation allowance - other (a)	(334,605)	3,023	11,729
Changes for uncertain tax positions	42	(14,276)	(1,909)
IRS interest refund	0	(1,714)	0
Other, net	(202)	594	(146)
Total	$ (324,569)	$ (41,797)	$ (3,489)

Income Taxes - Narrative (Details) (USD $)	3 Months Ended	12 Months Ended
Income Taxes - Narrative (Details) (USD $)	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Valuation Allowances and Reserves, Adjustments		$ 335,200,000
Income Tax Disclosure [Line Items]
Federal net operating loss carryforwards	250,500,000	250,500,000
State net operating loss carryforwards	30,900,000	30,900,000
Alternative minimum tax credit	9,800,000	9,800,000
Deferred Tax Assets, Tax Credit Carryforwards, General Business	4,900,000	4,900,000
Income Tax Expense (Benefit)		(324,569,000)	(41,797,000)	(3,489,000)
Unrecognized tax benefits	4,721,000	4,721,000	4,616,000	17,464,000	19,630,000
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority			26,800,000
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations			14,300,000
Proceeds from Income Tax Refunds				2,500,000
Income (Loss) from Continuing Operations before Income Taxes, Domestic	30,700,000
Deferred tax asset valuation allowance	57,659,000	57,659,000	445,228,000
Increase (decrease) in unrecognized tax benefits		(17,900,000)	(9,900,000)
Gross deferred tax assets	413,971,000	413,971,000	491,547,000
Deferred tax assets, net	325,373,000	325,373,000	2,823,000
Accrued interest and penalties	400,000	400,000	400,000
Significant (Increase) Decrease in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	0	0
IRS interest refund		0	(1,714,000)	0
Maximum
Income Tax Disclosure [Line Items]
Limit on operating loss carryforwards and recognition	11,400,000	11,400,000
Limit on operating loss carryforwards and recognition, tax-effected	$ 4,000,000	$ 4,000,000

Income Taxes - Deferred Tax Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Deferred tax assets:
Warranty and other reserves	$ 14,913	$ 11,587
Incentive compensation	10,780	18,993
Property, equipment and other assets	2,866	2,750
Federal and state tax carryforwards	292,346	357,146
Inventory adjustments	87,335	95,237
Uncertain tax positions	1,917	1,911
Other	3,814	3,923
Total deferred tax assets	413,971	491,547
Deferred tax liabilities:
Deferred revenues	(30,939)	(43,496)
Total deferred tax liabilities	(30,939)	(43,496)
Net deferred tax assets before valuation allowance	383,032	448,051
Valuation allowance	(57,659)	(445,228)
Net deferred tax assets	$ 325,373	$ 2,823

Income Taxes - Classification of Deferred Tax Assets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Line Items]
Total deferred tax assets	$ 413,971	$ 491,547
Deferred tax liabilities	(30,939)	(43,496)
Net deferred tax assets before valuation allowance	383,032	448,051
Valuation allowance	(57,659)	(445,228)
Net deferred tax assets	325,373	2,823
Subject to annual limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	93,741
Generally not subject to annual limitation
Income Tax Disclosure [Line Items]
Total deferred tax assets	$ 320,230

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 4,616	$ 17,464	$ 19,630
Additions for (reductions in) tax positions related to current year	251	150	(1,620)
Additions for tax positions related to prior years	0	1,365	0
Reductions for tax positions of prior years	(10)	(14,201)	0
Lapse of statute of limitations	(136)	(162)	(546)
Balance at end of year	$ 4,721	$ 4,616	$ 17,464

Stockholders' Equity (Details) (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Class of Stock [Line Items]
Preferred Stock, Shares Issued	0	0
Shares Paid for Tax Withholding for Share Based Compensation	10,302	23,602	6,147
Stock Redeemed or Called During Period, Value	$ 192	$ 450	$ 121
382 Ownership Limitation	4.95%
Range 2 \| TEU Senior Amortizing Notes Maturing July 2015
Class of Stock [Line Items]
Debt Instrument, Convertible, Stock Price Trigger	$ 17.75
Range 3 \| TEU Senior Amortizing Notes Maturing July 2015
Class of Stock [Line Items]
Debt Instrument, Convertible, Conversion Ratio	1.40746

- Definition

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

+ References+ Details

Retirement and Deferred Compensation Plan (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	50.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	6.00%
Deferred Compensation Plan, Annual Vesting Percent	100.00%
Deferred Compensation Arrangement with Individual, Requisite Service Period	5 years
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 2.4	$ 2.0	$ 1.1
Total matching contributions forfeited by plan participants during period	$ 0.5	$ 0.4	$ 0.5
Minimum
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employee Deferral Rate	1.00%
Maximum
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employee Deferral Rate	80.00%

Retirement and Deferred Compensation Plan Deferred Compensation Plan (Details) (USD $)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accrued bonus and deferred compensation	$ 25,076,000	$ 24,270,000
Deferred Compensation Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Deferred Compensation Plan Assets	700,000	500,000
Accrued bonus and deferred compensation	2,600,000	2,500,000
Deferred Compensation Arrangement with Individual, Employer Contribution	$ 227,000	$ 212,000	$ 215,000

Stock-based Compensation - Narrative (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for issuance under plan	1,900,000
Shares of common stock available for future grants	1,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0.3
Intrinsic value of SSARs/stock options vested and expected to vest	0.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	0.3
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	0.5	1.2
Weighted average period to recognize remaining cost	8 months 12 days
Performance-based restricted stock issued	0	161,010	160,651
Dividend yield for the Company		0.00%	0.00%
Expected price volatility		45.99%	46.15%
Risk-free interest rate		1.42%	0.63%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based restricted stock issued	201,157
Performance Shares \| Total Shareholder Return Performance Share
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Estimated fair value of nonvested stock ($ per share)	$ 19.07
Dividend yield for the Company	0.00%
Risk-free interest rate	0.66%
Performance Shares \| Total Shareholder Return Performance Share \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Percent of Target Number	0.00%
Expected price volatility	35.00%
Performance Shares \| Total Shareholder Return Performance Share \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Percent of Target Number	150.00%
Expected price volatility	59.10%
Performance Shares \| Pre-tax Income Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Payout Percent	50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Payout Percent Maximum	150.00%
Performance Shares \| Pre-tax Income Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Payout Percent Maximum	200.00%
Nonvested Stock Awards and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 11.7	$ 10.0
Weighted average period to recognize remaining cost	2 years 6 months 3 days
Performance-based restricted stock issued	410,192	595,567	99,413
Estimated fair value of nonvested stock ($ per share)	$ 19.01	$ 18.68	$ 10.95

Stock-based Compensation - Schedule of Compensation Cost for Share-based Payment (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Before tax stock-based compensation expense	$ 6.1	$ 2.6	$ 2.9
Tax benefit	(1.5)	(0.7)	(0.6)
After tax stock-based compensation expense	4.6	1.9	2.3
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Before tax stock-based compensation expense	0.7	0.8	0.9
Nonvested Stock Awards and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Before tax stock-based compensation expense	$ 5.4	$ 1.8	$ 2.0

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

Stock-based Compensation - Schedule of Stock Options and SSARs Outstanding and Related Activity (Details) (Stock Options, USD $)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Stock Options
Shares [Roll Forward]
Stock options, Outstanding, Number (in shares)	650,223	560,784	429,973
Granted (in shares)	0	161,010	160,651
Exercised (in shares)	(1,209)	(2,788)	(681)
Expired (in shares)	0	(55,811)	(22,914)
Forfeited (in shares)	(5,107)	(12,972)	(6,245)
Stock options, Outstanding, Number (in shares)	643,907	650,223	560,784
Stock options, Exercisable, Number (in shares)	491,029	355,703	310,120
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares)	643,877	649,773	558,519
Weighted-Average Exercise Price [Roll Forward]
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 18.12	$ 33.01	$ 48.80
Granted (in dollars per share)	$ 0.00	$ 19.11	$ 13.56
Exercised (in dollars per share)	$ 12.07	$ 14.29	$ 10.80
Expired (in dollars per share)	$ 0.00	$ 170.32	$ 47.65
Forfeited (in dollars per share)	$ 19.05	$ 19.85	$ 17.93
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 18.13	$ 18.12	$ 33.01
Stock options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 18.40	$ 19.74	$ 48.73
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 18.13	$ 18.12	$ 33.09

Stock-based Compensation - Schedule of Stock Options and SSARs Outstanding and Exercisable (Details) (Stock Options, USD $)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, Outstanding, Number (in shares)	643,907	650,223	560,784	429,973
Stock options outstanding - weighted average contractual remaining life	3 years 10 months 17 days
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 18.13	$ 18.12	$ 33.01	$ 48.80
Stock options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 18.40	$ 19.74	$ 48.73
Stock options, Exercisable, Number (in shares)	491,029	355,703	310,120
Stock options exercisable - weighted average contractual remaining life	3 years 3 months 11 days
$1 - $15
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options - exercise price range, lower limit	$ 1
Stock options - exercise price range, upper limit	$ 15
Stock options, Outstanding, Number (in shares)	253,703
Stock options outstanding - weighted average contractual remaining life	4 years 8 months 16 days
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 12.28
Stock options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 12.02
Stock options, Exercisable, Number (in shares)	204,328
Stock options exercisable - weighted average contractual remaining life	4 years 7 months 10 days
$15 - $20
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options - exercise price range, lower limit	$ 16
Stock options - exercise price range, upper limit	$ 20
Stock options, Outstanding, Number (in shares)	247,781
Stock options outstanding - weighted average contractual remaining life	4 years 2 months 12 days
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 19.30
Stock options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 19.43
Stock options, Exercisable, Number (in shares)	144,278
Stock options exercisable - weighted average contractual remaining life	2 years 10 months 2 days
$21 - $30
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options - exercise price range, lower limit	$ 21
Stock options - exercise price range, upper limit	$ 75
Stock options, Outstanding, Number (in shares)	142,423
Stock options outstanding - weighted average contractual remaining life	1 year 9 months 26 days
Stock options, Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 26.51
Stock options, Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 26.51
Stock options, Exercisable, Number (in shares)	142,423
Stock options exercisable - weighted average contractual remaining life	1 year 9 months 26 days
$1 - $30
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options - exercise price range, lower limit	$ 1
Stock options - exercise price range, upper limit	$ 75

Stock-based Compensation - Schedule of Nonvested Stock Awards and Performance Shares (Details) (Nonvested Stock Awards and Performance Shares, USD $)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Nonvested Stock Awards and Performance Shares
Shares [Roll Forward]
Beginning of period (in shares)	746,567	280,416	323,335
Granted (in shares)	410,192	595,567	99,413
Vested (in shares)	(64,719)	(113,320)	(126,124)
Forfeited (in shares)	(135,757)	(16,096)	(16,208)
End of period (in shares)	956,283	746,567	280,416
Weighted-Average Grant Date Fair Value ($ per share) [Roll Forward]
Beginning of period (in dollars per share)	$ 15.76	$ 12.32	$ 19.61
Granted (in dollars per share)	$ 19.01	$ 18.68	$ 10.95
Vested (in dollars per share)	$ 15.96	$ 22.55	$ 27.59
Forfeited (in dollars per share)	$ 7.77	$ 15.93	$ 30.57
End of period (in dollars per share)	$ 18.27	$ 15.76	$ 12.32

Earnings Per Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015 Debt Instrument, Convertible, Stock Price Trigger, Range Two TEU Senior Amortizing Notes Maturing July 2015	Sep. 30, 2013 Stock Compensation Plan	Sep. 30, 2013 Equity Unit Purchase Agreements
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	1.1	0.6		0.6	7.9
Debt Instrument, Convertible, Conversion Ratio			1.40746
Debt Instrument, Convertible, Stock Price Trigger			$ 17.75

- 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

Earnings Per Share Schedule of Earnings Per Share, Basic and Dilutive (Details) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]
Basic (in shares)	27,628	25,795	24,651
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares (in shares)	4,069	5,784	0
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements (in shares)	75	216	0
Weighted Average Number of Shares Outstanding, Diluted (in shares)	31,772	31,795	24,651

Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Sep. 30, 2015 state region	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015 state region	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]
Number of states with active operations	13								13
Number of regions in which entity operates	3								3
Revenue
Revenue	$ 632,852	$ 429,438	$ 299,359	$ 265,764	$ 545,905	$ 354,671	$ 270,021	$ 293,170	$ 1,627,413	$ 1,463,767	$ 1,287,577
Operating income (loss)
Operating income	36,945	17,696	6,436	(9,490)	23,452	15,088	5,617	11,532	51,587	55,689	27,261
Depreciation and amortization
Depreciation and amortization									13,338	13,279	12,784
Capital Expenditures
Capital Expenditures									15,964	14,553	10,761
Total Capital Expenditure, cash and noncash									16,638
Assets
Assets	2,421,203				2,066,220				2,421,203	2,066,220	1,986,789
Operating Segments
Operating income (loss)
Operating income									156,866	145,423	122,784
Depreciation and amortization
Depreciation and amortization									11,411	11,244	10,467
West
Revenue
Revenue									607,515	556,741	547,636
Operating income (loss)
Operating income									67,236	65,442	59,084
Depreciation and amortization
Depreciation and amortization									5,544	5,722	5,305
Capital Expenditures
Capital Expenditures									7,348	6,660	4,835
Assets
Assets	843,564				756,575				843,564	756,575	680,346
East
Revenue
Revenue									576,560	552,082	483,685
Operating income (loss)
Operating income									52,516	48,127	40,670
Depreciation and amortization
Depreciation and amortization									3,091	3,447	3,479
Capital Expenditures
Capital Expenditures									3,692	3,050	1,915
Assets
Assets	436,346				433,032				436,346	433,032	369,937
Southeast
Revenue
Revenue									443,338	354,944	256,256
Operating income (loss)
Operating income									37,114	31,854	23,030
Depreciation and amortization
Depreciation and amortization									2,776	2,075	1,683
Capital Expenditures
Capital Expenditures									3,379	2,979	1,311
Assets
Assets	317,295				299,215				317,295	299,215	228,814
Corporate and unallocated
Operating income (loss)
Operating income									(105,279)	(89,734)	(95,523)
Depreciation and amortization
Depreciation and amortization									1,927	2,035	2,317
Capital Expenditures
Capital Expenditures									2,219	1,864	2,700
Assets
Assets	$ 823,998				$ 577,398				$ 823,998	$ 577,398	$ 707,692

Supplemental Guarantor Information - Consolidating Balance Sheet Information (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Condensed Financial Statements, Captions [Line Items]
Beazer homes' ownership interest in guarantor subsidiaries	100.00%
ASSETS
Cash and cash equivalents	$ 251,583	$ 324,154	$ 504,459	$ 487,795
Restricted cash	38,901	62,941
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	52,379	34,429
Income tax receivable	419	46
Owned inventory	1,697,590	1,557,496
Land not owned under option agreements	0	3,857
Investments in unconsolidated entities and marketable securities	13,734	38,341
Deferred tax assets, net	325,373	2,823
Property and equipment, net	22,230	18,673
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	18,994	23,460
Total assets	2,421,203	2,066,220	1,986,789
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	113,539	106,237
Other liabilities	148,966	142,516
Intercompany	0	0
Obligations related to land not owned under option agreements	0	2,916
Total debt (net of discounts of $3,639 and $4,399, respectively)	1,528,275	1,535,433
Total liabilities	1,790,780	1,787,102
Stockholders’ equity	630,423	279,118	240,550	262,247
Total liabilities and stockholders’ equity	2,421,203	2,066,220
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	232,226	301,980	499,341	481,394
Restricted cash	37,177	61,945
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	0	0
Income tax receivable	419	46
Owned inventory	0	0
Land not owned under option agreements		0
Investments in unconsolidated entities and marketable securities	773	773
Deferred tax assets, net	325,373	2,823
Property and equipment, net	0	0
Investments in subsidiaries	649,701	253,540
Intercompany	913,733	1,195,349
Other assets	12,519	17,226
Total assets	2,171,921	1,833,682
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	31,703	38,871
Intercompany	2,384	2,405
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $3,639 and $4,399, respectively)	1,507,411	1,513,288
Total liabilities	1,541,498	1,554,564
Stockholders’ equity	630,423	279,118
Total liabilities and stockholders’ equity	2,171,921	1,833,682
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	21,543	22,034	6,324	8,215
Restricted cash	1,724	996
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	52,378	34,428
Income tax receivable	0	0
Owned inventory	1,697,590	1,557,496
Land not owned under option agreements		3,857
Investments in unconsolidated entities and marketable securities	12,961	37,568
Deferred tax assets, net	0	0
Property and equipment, net	22,230	18,673
Investments in subsidiaries	0	0
Intercompany	0	0
Other assets	6,471	6,144
Total assets	1,814,897	1,681,196
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	113,539	106,237
Other liabilities	116,718	102,833
Intercompany	916,925	1,196,823
Obligations related to land not owned under option agreements		2,916
Total debt (net of discounts of $3,639 and $4,399, respectively)	20,864	22,145
Total liabilities	1,168,046	1,430,954
Stockholders’ equity	646,851	250,242
Total liabilities and stockholders’ equity	1,814,897	1,681,196
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	1,006	1,614	1,637	646
Restricted cash	0	0
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	1	1
Income tax receivable	0	0
Owned inventory	0	0
Land not owned under option agreements		0
Investments in unconsolidated entities and marketable securities	0	0
Deferred tax assets, net	0	0
Property and equipment, net	0	0
Investments in subsidiaries	0	0
Intercompany	2,384	2,405
Other assets	4	90
Total assets	3,395	4,110
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	545	812
Intercompany	0	0
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $3,639 and $4,399, respectively)	0	0
Total liabilities	545	812
Stockholders’ equity	2,850	3,298
Total liabilities and stockholders’ equity	3,395	4,110
Consolidating Adjustments
ASSETS
Cash and cash equivalents	(3,192)	(1,474)	(2,843)	(2,460)
Restricted cash	0	0
Accounts receivable (net of allowance of $1,052 and $1,245, respectively)	0	0
Income tax receivable	0	0
Owned inventory	0	0
Land not owned under option agreements		0
Investments in unconsolidated entities and marketable securities	0	0
Deferred tax assets, net	0	0
Property and equipment, net	0	0
Investments in subsidiaries	(649,701)	(253,540)
Intercompany	(916,117)	(1,197,754)
Other assets	0	0
Total assets	(1,569,010)	(1,452,768)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(919,309)	(1,199,228)
Obligations related to land not owned under option agreements		0
Total debt (net of discounts of $3,639 and $4,399, respectively)	0	0
Total liabilities	(919,309)	(1,199,228)
Stockholders’ equity	(649,701)	(253,540)
Total liabilities and stockholders’ equity	$ (1,569,010)	$ (1,452,768)

Supplemental Guarantor Information - Consolidating Balance Sheet Information Parentheticals (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Allowances for accounts receivable	$ 1,052	$ 1,245
Discounts on total debt	$ 3,639	$ 4,399

Supplemental Guarantor Information - Consolidating Statement of Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 632,852	$ 429,438	$ 299,359	$ 265,764	$ 545,905	$ 354,671	$ 270,021	$ 293,170	$ 1,627,413	$ 1,463,767	$ 1,287,577
Home construction and land sales expenses									1,351,860	1,192,001	1,070,814
Inventory impairments and option contract abandonments	2,860	249	0	0	5,386	2,010	880	31	3,109	8,307	2,633
Gross profit	107,205	76,108	53,913	35,218	87,813	68,804	52,172	54,670	272,444	263,459	214,130
Commissions									65,023	58,028	52,922
General and administrative expenses									142,496	136,463	121,163
Depreciation and amortization									13,338	13,279	12,784
Operating income	36,945	17,696	6,436	(9,490)	23,452	15,088	5,617	11,532	51,587	55,689	27,261
Equity in income (loss) of unconsolidated entities									536	6,545	(113)
Loss on extinguishment of debt	(80)	0	0	0	0	(19,764)	(153)	0	(80)	(19,917)	(4,636)
Other expense, net									(30,013)	(49,191)	(58,165)
Income (loss) from continuing operations before income taxes									22,030	(6,874)	(35,653)
Benefit from income taxes									(324,569)	(41,797)	(3,489)
Equity in income of subsidiaries									0	0	0
Income (loss) from continuing operations	354,524	12,221	(2,060)	(18,086)	60,288	(13,193)	(8,224)	(3,948)	346,599	34,923	(32,164)
Loss from discontinued operations, net of tax									(2,505)	(540)	(1,704)
Equity in loss of subsidiaries									0	0	0
Net income (loss)									344,094	34,383	(33,868)
Change in unrealized loss related to available-for-sale securities									1,276	(1,276)	0
Comprehensive income (loss)									345,370	33,107	(33,868)
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Home construction and land sales expenses									55,006	39,255	41,246
Inventory impairments and option contract abandonments									0	245	0
Gross profit									(55,006)	(39,500)	(41,246)
Commissions									0	0	0
General and administrative expenses									0	0	0
Depreciation and amortization									0	0	0
Operating income									(55,006)	(39,500)	(41,246)
Equity in income (loss) of unconsolidated entities									0	0	0
Loss on extinguishment of debt									(80)	(19,917)	(4,636)
Other expense, net									(29,752)	(50,786)	(59,458)
Income (loss) from continuing operations before income taxes									(84,838)	(110,203)	(105,340)
Benefit from income taxes									(32,275)	(14,247)	(10,765)
Equity in income of subsidiaries									399,162	130,879	62,411
Income (loss) from continuing operations									346,599	34,923	(32,164)
Loss from discontinued operations, net of tax									0	0	0
Equity in loss of subsidiaries									(2,505)	(540)	(1,704)
Net income (loss)									344,094	34,383	(33,868)
Change in unrealized loss related to available-for-sale securities									1,276	(1,276)
Comprehensive income (loss)									345,370	33,107
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue									1,627,413	1,463,767	1,287,577
Home construction and land sales expenses									1,297,052	1,153,125	1,030,304
Inventory impairments and option contract abandonments									3,109	8,062	2,633
Gross profit									327,252	302,580	254,640
Commissions									65,023	58,028	52,922
General and administrative expenses									142,391	136,349	121,035
Depreciation and amortization									13,338	13,279	12,784
Operating income									106,500	94,924	67,899
Equity in income (loss) of unconsolidated entities									536	6,545	(113)
Loss on extinguishment of debt									0	0	0
Other expense, net									(258)	1,600	1,278
Income (loss) from continuing operations before income taxes									106,778	103,069	69,064
Benefit from income taxes									(292,326)	(27,642)	7,058
Equity in income of subsidiaries									0	0	0
Income (loss) from continuing operations									399,104	130,711	62,006
Loss from discontinued operations, net of tax									(2,495)	(532)	(1,736)
Equity in loss of subsidiaries									0	0	0
Net income (loss)									396,609	130,179	60,270
Change in unrealized loss related to available-for-sale securities									0	0
Comprehensive income (loss)									396,609	130,179
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue									198	379	736
Home construction and land sales expenses									0	0	0
Inventory impairments and option contract abandonments									0	0	0
Gross profit									198	379	736
Commissions									0	0	0
General and administrative expenses									105	114	128
Depreciation and amortization									0	0	0
Operating income									93	265	608
Equity in income (loss) of unconsolidated entities									0	0	0
Loss on extinguishment of debt									0	0	0
Other expense, net									(3)	(5)	15
Income (loss) from continuing operations before income taxes									90	260	623
Benefit from income taxes									32	92	218
Equity in income of subsidiaries									0	0	0
Income (loss) from continuing operations									58	168	405
Loss from discontinued operations, net of tax									(10)	(8)	32
Equity in loss of subsidiaries									0	0	0
Net income (loss)									48	160	437
Change in unrealized loss related to available-for-sale securities									0	0
Comprehensive income (loss)									48	160
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total revenue									(198)	(379)	(736)
Home construction and land sales expenses									(198)	(379)	(736)
Inventory impairments and option contract abandonments									0	0	0
Gross profit									0	0	0
Commissions									0	0	0
General and administrative expenses									0	0	0
Depreciation and amortization									0	0	0
Operating income									0	0	0
Equity in income (loss) of unconsolidated entities									0	0	0
Loss on extinguishment of debt									0	0	0
Other expense, net									0	0	0
Income (loss) from continuing operations before income taxes									0	0	0
Benefit from income taxes									0	0	0
Equity in income of subsidiaries									(399,162)	(130,879)	(62,411)
Income (loss) from continuing operations									(399,162)	(130,879)	(62,411)
Loss from discontinued operations, net of tax									0	0	0
Equity in loss of subsidiaries									2,505	540	1,704
Net income (loss)									(396,657)	(130,339)	(60,707)
Change in unrealized loss related to available-for-sale securities									0	0
Comprehensive income (loss)									$ (396,657)	$ (130,339)

Supplemental Guarantor Information - Consolidating Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ (81,049)	$ (160,469)	$ (174,642)
Cash flows from investing activities:
Capital expenditures	(15,964)	(14,553)	(10,761)
Investments in unconsolidated entities	(4,944)	(5,218)	(3,879)
Return of capital from unconsolidated entities	24,245	1,703	510
Increases in restricted cash	(5,546)	(15,608)	(4,790)
Decreases in restricted cash	29,586	1,645	209,072
Advances to/from subsidiaries	0	0
Net cash provided by (used in) investing activities	27,377	(32,031)	190,152
Cash flows from financing activities:
Repayment of debt	(18,573)	(307,602)	(184,723)
Proceeds from issuance of new debt	0	325,000	397,082
Repayment of cash secured loans	0	0	(205,000)
Debt issuance costs	(126)	(5,490)	(5,548)
Borrowings from credit facility	75,000	0	0
Repayment of borrowings from credit facility	(75,000)	0	0
Settlement of unconsolidated entity debt obligation	0	0	(500)
Other changes	(200)	287	(157)
Dividends paid	0
Advances to/from subsidiaries	0	0	0
Cash and cash equivalents at beginning of period	324,154	504,459	487,795
Cash and cash equivalents at end of period	251,583	324,154	504,459
Net cash (used in) provided by financing activities	(18,899)	12,195	1,154
(Decrease) increase in cash and cash equivalents	(72,571)	(180,305)	16,664
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(388,584)	(119,074)	(89,306)
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	(2,982)	(14,111)	(3,460)
Decreases in restricted cash	27,751	39	208,487
Advances to/from subsidiaries	302,569	(78,951)
Net cash provided by (used in) investing activities	327,338	(93,023)	205,027
Cash flows from financing activities:
Repayment of debt	(8,703)	(305,061)	(184,250)
Proceeds from issuance of new debt		325,000	397,082
Repayment of cash secured loans			(205,000)
Debt issuance costs	(126)	(5,490)	(5,548)
Borrowings from credit facility	75,000
Repayment of borrowings from credit facility	(75,000)
Settlement of unconsolidated entity debt obligation			0
Other changes	(200)	287	(157)
Dividends paid	500
Advances to/from subsidiaries	21	0	(99,901)
Cash and cash equivalents at beginning of period	301,980	499,341	481,394
Cash and cash equivalents at end of period	232,226	301,980	499,341
Net cash (used in) provided by financing activities	(8,508)	14,736	(97,774)
(Decrease) increase in cash and cash equivalents	(69,754)	(197,361)	17,947
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	307,668	(41,429)	(86,300)
Cash flows from investing activities:
Capital expenditures	(15,964)	(14,553)	(10,761)
Investments in unconsolidated entities	(4,944)	(5,218)	(3,879)
Return of capital from unconsolidated entities	24,245	1,703	510
Increases in restricted cash	(2,564)	(1,497)	(1,330)
Decreases in restricted cash	1,835	1,606	585
Advances to/from subsidiaries	0	0
Net cash provided by (used in) investing activities	2,608	(17,959)	(14,875)
Cash flows from financing activities:
Repayment of debt	(9,870)	(2,541)	(473)
Proceeds from issuance of new debt		0	0
Repayment of cash secured loans			0
Debt issuance costs	0	0	0
Borrowings from credit facility	0
Repayment of borrowings from credit facility	0
Settlement of unconsolidated entity debt obligation			(500)
Other changes	0	0	0
Dividends paid	0
Advances to/from subsidiaries	(300,897)	77,639	100,257
Cash and cash equivalents at beginning of period	22,034	6,324	8,215
Cash and cash equivalents at end of period	21,543	22,034	6,324
Net cash (used in) provided by financing activities	(310,767)	75,098	99,284
(Decrease) increase in cash and cash equivalents	(491)	15,710	(1,891)
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(133)	34	964
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	0	0	0
Decreases in restricted cash	0	0	0
Advances to/from subsidiaries	25	0
Net cash provided by (used in) investing activities	25	0	0
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt		0	0
Repayment of cash secured loans			0
Debt issuance costs	0	0	0
Borrowings from credit facility	0
Repayment of borrowings from credit facility	0
Settlement of unconsolidated entity debt obligation			0
Other changes	0	0	0
Dividends paid	(500)
Advances to/from subsidiaries	0	(57)	27
Cash and cash equivalents at beginning of period	1,614	1,637	646
Cash and cash equivalents at end of period	1,006	1,614	1,637
Net cash (used in) provided by financing activities	(500)	(57)	27
(Decrease) increase in cash and cash equivalents	(608)	(23)	991
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0	0	0
Cash flows from investing activities:
Capital expenditures	0	0	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities	0	0	0
Increases in restricted cash	0	0	0
Decreases in restricted cash	0	0	0
Advances to/from subsidiaries	(302,594)	78,951
Net cash provided by (used in) investing activities	(302,594)	78,951	0
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt		0	0
Repayment of cash secured loans			0
Debt issuance costs	0	0	0
Borrowings from credit facility	0
Repayment of borrowings from credit facility	0
Settlement of unconsolidated entity debt obligation			0
Other changes	0	0	0
Dividends paid	0
Advances to/from subsidiaries	300,876	(77,582)	(383)
Cash and cash equivalents at beginning of period	(1,474)	(2,843)	(2,460)
Cash and cash equivalents at end of period	(3,192)	(1,474)	(2,843)
Net cash (used in) provided by financing activities	300,876	(77,582)	(383)
(Decrease) increase in cash and cash equivalents	$ (1,718)	$ 1,369	$ (383)

Discontinued Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Home construction and land sales expenses									$ 1,351,860	$ 1,192,001	$ 1,070,814
Inventory impairments and option contract abandonments	2,860	249	0	0	5,386	2,010	880	31	3,109	8,307	2,633
Gross profit	107,205	76,108	53,913	35,218	87,813	68,804	52,172	54,670	272,444	263,459	214,130
General and administrative expenses									142,496	136,463	121,163
Operating income	36,945	17,696	6,436	(9,490)	23,452	15,088	5,617	11,532	51,587	55,689	27,261
Other expense, net									(30,013)	(49,191)	(58,165)
Benefit from income taxes									(324,569)	(41,797)	(3,489)
Loss from discontinued operations, net of tax									(2,505)	(540)	(1,704)
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue									1,030	3,864	288
Home construction and land sales expenses									4,518	4,768	(319)
Inventory impairments and option contract abandonments									0	0	17
Gross profit									(3,488)	(904)	590
General and administrative expenses									380	(351)	2,566
Operating income									(3,868)	(553)	(1,976)
Other expense, net									5	8	77
Loss from discontinued operations before income taxes									(3,863)	(545)	(1,899)
Benefit from income taxes									(1,358)	(5)	(195)
Loss from discontinued operations, net of tax									(2,505)	(540)	(1,704)
Discontinued Operations \| COLORADO
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Home construction and land sales expenses									3,700
General and administrative expenses									$ 1,900

Selected Quarterly Financial Data (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 632,852,000	$ 429,438,000	$ 299,359,000	$ 265,764,000	$ 545,905,000	$ 354,671,000	$ 270,021,000	$ 293,170,000	$ 1,627,413,000	$ 1,463,767,000	$ 1,287,577,000
Gross profit	107,205,000	76,108,000	53,913,000	35,218,000	87,813,000	68,804,000	52,172,000	54,670,000	272,444,000	263,459,000	214,130,000
Operating (loss) income	36,945,000	17,696,000	6,436,000	(9,490,000)	23,452,000	15,088,000	5,617,000	11,532,000	51,587,000	55,689,000	27,261,000
Net (loss) from continuing operations	354,524,000	12,221,000	(2,060,000)	(18,086,000)	60,288,000	(13,193,000)	(8,224,000)	(3,948,000)	346,599,000	34,923,000	(32,164,000)
Basic EPS from continuing operations (in dollars per share)	$ 11.42	$ 0.46	$ (0.08)	$ (0.68)	$ 2.28	$ (0.50)	$ (0.32)	$ (0.16)	$ 12.54	$ 1.35	$ (1.30)
Diluted EPS from continuing operations (in dollars per share)	$ 11.16	$ 0.38	$ (0.08)	$ (0.68)	$ 1.90	$ (0.50)	$ (0.32)	$ (0.16)	$ 10.91	$ 1.10	$ (1.30)
Inventory impairments and option contract abandonments	2,860,000	249,000	0	0	5,386,000	2,010,000	880,000	31,000	3,109,000	8,307,000	2,633,000
Loss on extinguishment of debt	(80,000)	0	0	0	0	(19,764,000)	(153,000)	0	(80,000)	(19,917,000)	(4,636,000)
Valuation Allowances and Reserves, Adjustments									$ 335,200,000

Subsequent Event	12 Months Ended
Subsequent Event	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Subsequent to September 30, 2015, we executed a second amendment (the Second Amendment) to our Secured Revolving Credit Facility. The Second Amendment, among other things, extends the termination date of the Facility to January 15, 2018 and increases its capacity from $130.0 million to $145.0 million. The Facility, which also allows us to issue letters of credit against the undrawn capacity, will continue to be with three lenders.

Description of Business (Details)	Sep. 30, 2015 region state
Description of Business [Abstract]
Number of states in which home building segments operate	13
Number of regions in which entity operates	3

Subsequent Event (Details) (Secured Revolving Credit Facility, USD $)	Sep. 30, 2015	Nov. 10, 2014 lender	Oct. 30, 2015 Subsequent Event
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 130,000,000		$ 145,000,000
Number of lenders		3