Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Sep. 30, 2018	Nov. 08, 2018	Mar. 31, 2018
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, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		33,522,046
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 520,899,550

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
ASSETS
Cash and cash equivalents	$ 139,805	$ 292,147
Restricted cash	13,443	12,462
Accounts receivable (net of allowance of $378 and $330, respectively)	24,647	36,323
Income tax receivable	0	88
Owned inventory	1,692,284	1,542,807
Investments in unconsolidated entities	4,035	3,994
Deferred tax assets, net	213,955	307,896
Property and equipment, net	20,843	17,566
Goodwill and other intangible assets, net	9,751	0
Other assets	9,339	7,712
Total assets	2,128,102	2,220,995
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	126,432	103,484
Other liabilities	126,389	107,659
Total debt (net of premium of $2,640 and $3,413, respectively, and debt issuance costs of $14,336 and $14,800, respectively)	1,231,254	1,327,412
Total liabilities	1,484,075	1,538,555
Stockholders’ equity:
Preferred stock (par value $0.01 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, 33,522,046 issued and outstanding and 33,515,768 issued and outstanding, respectively)	34	34
Paid-in capital	880,025	873,063
Accumulated deficit	(236,032)	(190,657)
Total stockholders’ equity	644,027	682,440
Total liabilities and stockholders’ equity	$ 2,128,102	$ 2,220,995

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
ASSETS
Allowances for accounts receivable	$ 378	$ 330
LIABILITIES AND STOCKHOLDERS’ EQUITY
(Premium) discount on total debt	(2,640)	(3,413)
Unamortized Debt Issuance Expense	$ 14,336	$ 14,800
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	33,522,046	33,515,768
Common stock, shares outstanding	33,522,046	33,515,768

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Total revenue	$ 767,945	$ 511,521	$ 455,178	$ 372,489	$ 672,981	$ 478,588	$ 425,468	$ 339,241	$ 2,107,133	$ 1,916,278	$ 1,822,114
Home construction and land sales expenses									1,755,619	1,600,969	1,509,625
Inventory impairments and abandonments	6,331	168	0	0	1,693	470	282	0	6,499	2,445	15,282
Gross profit	125,865	83,244	75,077	60,829	113,360	78,443	67,398	53,663	345,015	312,864	297,207
Commissions									81,002	74,811	70,460
General and administrative expenses									168,658	161,906	153,628
Depreciation and amortization									13,807	14,009	13,794
Operating income	43,462	17,580	13,825	6,681	37,783	15,569	7,511	1,275	81,548	62,138	59,325
Equity in income of unconsolidated entities									34	371	131
Loss on extinguishment of debt	(1,935)	0	0	(25,904)	2,933	0	(15,563)	0	(27,839)	(12,630)	(13,423)
Other expense, net									(4,305)	(15,230)	(24,330)
Income from continuing operations before income taxes									49,438	34,649	21,703
Expense from income taxes									94,484	2,696	16,498
(Loss) income from continuing operations	$ 60,484	$ 13,429	$ 11,616	$ (130,575)	$ 33,693	$ 7,114	$ (7,495)	$ (1,359)	(45,046)	31,953	5,205
Loss from discontinued operations, net of tax									(329)	(140)	(512)
Net (loss) income									$ (45,375)	$ 31,813	$ 4,693
Weighted-average number of shares:
Basic (in shares)									32,141	31,952	31,798
Diluted (in shares)									32,141	32,426	31,803
Basic (loss) income per share:
Continuing operations (in dollars per share)	$ 1.88	$ 0.42	$ 0.36	$ (4.07)	$ 1.05	$ 0.22	$ (0.23)	$ (0.04)	$ (1.40)	$ 1.00	$ 0.16
Discontinued operations (in dollars per share)									(0.01)	0.00	(0.01)
Total (in dollars per share)									(1.41)	1.00	0.15
Diluted (loss) income per share:
Continuing operations (in dollars per share)	$ 1.83	$ 0.41	$ 0.36	$ (4.07)	$ 1.03	$ 0.22	$ (0.23)	$ (0.04)	(1.40)	0.99	0.16
Discontinued operations (in dollars per share)									(0.01)	0.00	(0.01)
Total (in dollars per share)									$ (1.41)	$ 0.99	$ 0.15

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands	Total	Common Stock	Paid in Capital	Accumulated Deficit
Beginning balance (in shares) at Sep. 30, 2015		32,661
Beginning balance at Sep. 30, 2015	$ 630,423,000	$ 33,000	$ 857,553,000	$ (227,163,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	4,693,000			4,693,000
Amortization of nonvested stock awards	7,959,000		7,959,000
Shares issued under employee stock plans, net (in shares)		491
Shares issued under employee stock plans, net	0	$ 0	0
Forfeiture of restricted stock (in shares)		(64)
Forfeiture of restricted stock	0
Common stock redeemed (in shares)		(17)
Common stock redeemed	(222,000)		(222,000)
Ending balance (in shares) at Sep. 30, 2016		33,071
Ending balance at Sep. 30, 2016	642,853,000	$ 33,000	865,290,000	(222,470,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	31,813,000			31,813,000
Amortization of nonvested stock awards	8,164,000		8,164,000
Exercises of stock options (in shares)		2
Exercises of stock options	24,000		24,000
Shares issued under employee stock plans, net (in shares)		536
Shares issued under employee stock plans, net	1,000	$ 1,000
Forfeiture of restricted stock (in shares)		(61)
Forfeiture of restricted stock	0
Common stock redeemed (in shares)		(32)
Common stock redeemed	(415,000)		(415,000)
Ending balance (in shares) at Sep. 30, 2017		33,516
Ending balance at Sep. 30, 2017	682,440,000	$ 34,000	873,063,000	(190,657,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(45,375,000)			(45,375,000)
Amortization of nonvested stock awards	10,258,000		10,258,000
Exercises of stock options (in shares)		8
Exercises of stock options	64,000		64,000
Shares issued under employee stock plans, net (in shares)		443
Forfeiture of restricted stock (in shares)		(216)
Forfeiture of restricted stock	0
Common stock redeemed (in shares)		(229)
Common stock redeemed	(3,378,000)		(3,378,000)
Other activity	18,000	$ 0	18,000
Ending balance (in shares) at Sep. 30, 2018		33,522
Ending balance at Sep. 30, 2018	$ 644,027,000	$ 34,000	$ 880,025,000	$ (236,032,000)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net (loss) income	$ (45,375)	$ 31,813	$ 4,693
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	13,807	14,009	13,794
Stock-based compensation expense	10,258	8,159	7,959
Inventory impairments and abandonments	6,949	2,445	15,282
Deferred and other income tax expense	93,935	678	15,903
Write-off of deposit on legacy land investment	0	2,700	0
Gain on sale of fixed assets	(351)	(294)	(957)
Change in allowance for doubtful accounts	48	(24)	(698)
Equity in income of unconsolidated entities and marketable securities	(127)	(401)	(143)
Cash distributions of income from unconsolidated entities	331	171	165
Non-cash loss on extinguishment of debt	3,289	3,677	4,978
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	11,875	16,927	(149)
Decrease in income tax receivable	88	204	127
(Increase) decrease in inventory	(95,809)	41,911	129,028
(Increase) in other assets	(1,300)	(168)	(471)
Increase (decrease) in trade accounts payable	17,492	(690)	(9,365)
Increase (decrease) in other liabilities	15,178	(25,208)	(17,121)
Net cash provided by operating activities	30,288	95,909	163,025
Cash flows from investing activities:
Capital expenditures	(17,020)	(12,440)	(12,219)
Proceeds from sale of fixed assets	370	297	2,624
Acquisition, net of cash acquired	(57,253)	0	0
Investments in unconsolidated entities	(421)	(3,261)	(4,241)
Return of capital from unconsolidated entities and marketable securities	176	1,621	1,142
Net cash used in investing activities	(74,148)	(13,783)	(12,694)
Cash flows from financing activities:
Repayment of debt	(497,915)	(265,483)	(828,221)
Proceeds from issuance of new debt	400,000	250,000	642,150
Repayment of borrowings from credit facility	(225,000)	(25,000)	(90,000)
Borrowings from credit facility	225,000	25,000	90,000
Debt issuance costs	(6,272)	(4,919)	(11,246)
Other changes	(3,314)	(391)	(222)
Net cash used in financing activities	(107,501)	(20,793)	(197,539)
(Decrease) increase in cash, cash equivalents, and restricted cash	(151,361)	61,333	(47,208)
Cash, cash equivalents, and restricted cash at beginning of period	304,609	243,276	290,484
Cash, cash equivalents, and restricted cash at end of period	$ 153,248	$ 304,609	$ 243,276

Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2018

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. All significant intercompany transactions and balances have been eliminated in consolidation. Our net loss is equivalent to our comprehensive loss, so we have not presented a separate statement of comprehensive loss.

In the past, we have discontinued homebuilding operations in various markets. Results from certain of these exited markets are reported as discontinued operations in the accompanying consolidated statements of operations for all periods presented (see Note 20 for a further discussion of our discontinued operations).

Our fiscal year 2018 began on October 1, 2017 and ended on September 30, 2018. Our fiscal year 2017 began on October 1, 2016 and ended on September 30, 2017. Our fiscal year 2016 began on October 1, 2015 and ended on September 30, 2016.

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.

Business Combinations

The Company accounts for acquisitions in accordance with ASC 805, Business Combinations, by allocating the purchase price of the business to the various assets acquired and liabilities assumed at their respective fair values. Any excess of the purchase price over the estimated fair value of the identifiable net assets acquired is recorded as goodwill. While the Company uses its best estimates and assumptions as a part of the purchase price allocation process to accurately value assets acquired and liabilities assumed at the acquisition date, estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill, are recorded in the reporting period in which the adjustment amounts are determined. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded in our results of operations in the reporting period such adjustments are made. Significant judgment is often required in estimating the fair value of assets acquired, particularly inventory and intangible assets. These estimates and assumptions are based on historical experience, information obtained from the management of the acquired companies, and the Company’s judgment about the significant assumptions that market participants would use when determining fair value.

On July 13, 2018, the Company acquired substantially all of the assets, operations, and certain assumed liabilities of Venture Homes ("Venture"), a leading private homebuilder in the Atlanta market, for a purchase price of $60.6 million, net of cash acquired. As of September 30, 2018, $57.3 million of the purchase price had been paid, net of cash acquired, with the remaining $3.3 million due during the first quarter of fiscal 2019. The acquired assets consisted of more than 1,100 total owned or controlled lots within 27 single-family communities in the greater Atlanta metropolitan area. The acquired lots included a backlog of 48 homes and 6 model homes. The acquired assets and liabilities were recorded at their estimated fair values and resulted in inventory of $56.0 million, goodwill and other intangible assets of $9.8 million, and other assets of $0.6 million as well as accounts payable of $5.5 million and other liabilities of $0.2 million. The acquisition of Venture Homes was not material to our results of operations or financial condition.

The purchase price accounting reflected above is preliminary and is based on estimates and assumptions that are subject to change within the measurement period, which is generally up to one year from the acquisition date pursuant to ASC 805. The purchase price allocation of Venture Homes is provisional pending completion of the fair value analysis of acquired assets and assumed liabilities.

Acquired inventories consisted of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third-party appraiser using, as applicable, a discounted cash flow approach for the development, marketing, and sale of each community acquired and a market approach based on comparable sales of finished lots. Significant valuation assumptions included future per lot land development, direct construction, and overhead costs as well as average sales prices and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete development and selling activities. As of the acquisition date, the stage of production ranged from recently started lots to fully completed single family residences.

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, 2018, the majority of our cash and cash equivalents were invested in 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 outstanding cash-secured letters of credit (refer to Note 8).

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, insurance recovery receivables, rebates to be received from our suppliers 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 any receivable for which 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, such as for amenities and estimated costs for future warranties. 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, if outstanding, 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 (refer to section below entitled “Land Not Owned Under Option Agreements” for a further discussion of VIEs). 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. Refer to Note 5 for a further discussion and detail of our inventory balance.

Inventory Valuation - Projects in Progress

Our homebuilding inventories that are accounted for as held for development (projects in progress) 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 inventory related to projects in progress, 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 ten 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. 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 other relevant attributes. 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 asset, including 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 appreciation, we believe the long-term cash flow analysis would be unrealistic and would serve to artificially improve expected future profitability. Finally, we also ensure that the monthly sales absorptions, including historical seasonal differences of our communities and those of our competitors, used in our undiscounted cash flow analyses are realistic, consider our development schedules and relate to those achieved by our competitors for the specific communities.

If the aggregate undiscounted cash flows from our quantitative 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. 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. However, 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.

Asset Valuation - Land Held for Future Development

For those communities that have been idled (land held for future development), all applicable carrying costs, such as 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, such as the future enactment of a development plan or the occurrence of outside events. We evaluate the potential plans for 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. The 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. 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 operations or cash flows.

Investments in Unconsolidated Entities

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 that 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, development and construction financing. We account for our interest in unconsolidated entities under the equity method. For additional discussion of these entities, refer to Note 4.

Property and Equipment

Our 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
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 life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable net assets from the businesses that we acquire. Goodwill will be evaluated for impairment annually during the fourth quarter of each year, or more frequently if impairment indicators are present or changes in circumstances suggest that impairment may exist. For reporting units with goodwill, we assess goodwill for impairment by comparing the carrying value of the reporting unit to its estimated fair value. The Company's entire goodwill balance as of September 30, 2018 is related to the Venture acquisition and resides within our Southeast reportable segment.

Other Assets

Our other assets principally include prepaid expenses and assets related to our deferred compensation plan (refer to Note 15 for a discussion of our deferred compensation plan).

Other Liabilities

Our other liabilities principally include 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 by us 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 expense in our consolidated statements of operations. Cash discounts are accounted for as a reduction in the sales price of the home, thereby decreasing the amount of revenue we recognize on that closing.

Estimated future warranty costs are charged to home construction expense in the period when the revenues from home closings are recognized. Such estimated warranty costs generally range from 0.3% to 1.3% of total revenue recognized for each home closed. Additional warranty costs are charged to home construction expense 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 continuing operations of $17.6 million, $17.5 million, and $19.2 million for our fiscal years 2018, 2017 and 2016, respectively, were expensed as incurred and were included in general and administrative (G&A) 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 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). For example, 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 approximates 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. The fair value of our investments in unconsolidated entities is determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities. 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 with market conditions granted to employees 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 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 and is included in G&A in our consolidated statements of operations. 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 entities 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 “Revenue from Contracts with Customers” (“ASU 2015-14”), which delays the effective date of ASU 2014-09 by one year. ASU 2014-09, as amended by ASU 2015-14, is effective for us for fiscal annual and interim periods beginning October 1, 2018, and, at that time, we expect to adopt the new standard under the modified retrospective approach. We have substantially completed our evaluation of the impact of adopting the new revenue standard. Based on our assessment, we do not expect the adoption of ASU 2014-09 to have a material impact on our financial statements. In addition, we do not expect significant changes to our business processes, systems, or internal controls as a result of adopting the standard.

Leases. In February 2016, the FASB issued ASU 2016-02, Leases (ASU 2016-02). ASU 2016-02 requires lessees to record most leases on their balance sheets. The timing and classification of lease-related expenses for lessees will depend on whether a lease is determined to be an operating lease or a finance lease using updated criteria within ASU 2016-02. Operating leases will result in straight-line expense (similar to current operating leases), while finance leases will result in a front-loaded expense pattern (similar to current capital leases). Regardless of lease type, the lessee will recognize a right-of-use asset, representing the right to use the identified asset during the lease term, and a related lease liability, representing the present value of the lease payments over the lease term. Lessor accounting will be largely similar to that under the current lease accounting rules. ASU 2016-02 also requires significantly enhanced disclosures around an entity's leases and the related accounting. The guidance within ASU 2016-02 will be effective for the Company's fiscal year beginning October 1, 2019, with early adoption permitted. In July 2018, the FASB issued ASU 2018-11, Leases - Targeted Improvements (ASU 2018-11), which provides an optional transition method to apply the requirements of the new lease standard through a cumulative-effect adjustment in the period of adoption. The Company expects to adopt the standard on October 1, 2019 using the optional transition method. We continue to evaluate the impact of ASU 2016-02 on our consolidated financial statements. However, a large majority of our leases are for office space, which we have determined will be treated as operating leases under ASU 2016-02. As such, we anticipate recording a right-of-use asset and related lease liability for these leases, but we do not expect our expense recognition pattern to change. Therefore, we do not anticipate any significant change to our statements of operations or cash flows as a result of adopting ASU 2016-02.

Business Combinations. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business (ASU 2017-01). ASU 2017-01 clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not been reported in previously issued financial statements. The Company early adopted this guidance as of December 31, 2017 and applied it to applicable transactions occurring during this period.

Intangibles - Goodwill and Other. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 eliminates Step 2 from the goodwill impairment test. This change will allow an entity to avoid calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination, thus reducing the cost and complexity of evaluating goodwill for impairment. This amendment is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019, with early adoption permitted, and applied prospectively. We do not believe the adoption of ASU 2017-04 will have a material impact on our consolidated financial statements and disclosures.

Income Taxes. In December 2017, the Securities and Exchange Commission Staff issued SAB 118, which provides guidance on accounting for the income tax effects of the Tax Cuts and Jobs Act (Tax Act). SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Tax Act for which the accounting under ASC 740 is complete. To the extent that a company's accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements and should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Tax Act. The Company adopted the guidance of SAB 118 as of December 31, 2017. As of September 30, 2018, we have completed our analysis of the impacts of the Tax Act under SAB 118 with immaterial differences to our provisional amounts previously recorded. Refer to Note 13 for additional information on the Tax Act and the impact to our financial statements.

Fair Value Measurements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) - Disclosure Framework (ASU 2018-13). The updated guidance improves the disclosure requirements for fair value measurements. The updated guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted for any removed or modified disclosures. We are currently assessing the impact of adopting the updated provisions.

Internal Use Software. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract (ASU 2018-15). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. This new guidance will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the effect that the new guidance will have on its consolidated financial statements and related disclosures.

Description of Business	12 Months Ended
Description of Business	Sep. 30, 2018
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, 2018

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

The following table presents supplemental disclosure of non-cash and cash activity as well as a reconciliation of our total cash balances between our consolidated balance sheets and our consolidated statements of cash flows for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Supplemental disclosure of non-cash activity:
Non-cash land acquisitions ^(a)	$	—	$	14,651	$	8,265
Supplemental disclosure of cash activity:
Interest payments ^(b)	$	95,857	$	100,125	$	131,730
Income tax payments	607		1,616		1,420
Tax refunds received	162		351		201
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$	139,805	$	292,147	$	228,871
Restricted cash	13,443		12,462		14,405
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	153,248	$	304,609	$	243,276

^(a)For the fiscal year ended September 30, 2018, we did not have any non-cash land acquisitions. For the fiscal year ended September 30, 2017, non-cash land acquisitions were comprised of $6.3 million related to non-cash seller financing and $8.4 million in lot takedowns from one of our unconsolidated land development joint ventures. For the fiscal year ended September 30, 2016, non-cash land acquisitions were comprised of lot takedowns from one of our unconsolidated land development joint ventures.

^(b)Elevated interest payments made during our fiscal 2016 were due to early redemption of certain of our outstanding debt obligations; refer to Note 8.

Investments in Unconsolidated Entities and Marketable Securities

12 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investments in Unconsolidated Entities and Marketable Securities

Investments in Unconsolidated Entities

Unconsolidated Entities

As of September 30, 2018, the Company participated in certain joint ventures and had investments in unconsolidated entities in which it had less than a controlling interest. The following table presents the Company's investment in these unconsolidated entities as well as the total equity and outstanding borrowings of these unconsolidated entities as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018		September 30, 2017
Beazer’s investment in unconsolidated entities	$	4,035	$	3,994
Total equity of unconsolidated entities	10,113		11,811
Total outstanding borrowings of unconsolidated entities	12,266		15,797

Equity in income from unconsolidated entity activities included in income from continuing operations is as follows for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018			2017		2016
Income from unconsolidated entity activity	$	375		$	371	$	131
Impairment of unconsolidated entity investment	(341		)	—		—
Total equity in income of unconsolidated entities	$	34		$	371	$	131

For the fiscal year ended September 30, 2018, we recorded a $0.3 million impairment charge in the consolidated statements of operations related to an investment in an unconsolidated entity. No impairments for unconsolidated entities were recorded during the fiscal years ended September 30, 2017 and 2016.

Guarantees. Historically, the Company's joint ventures typically obtained secured acquisition, development, and construction financing. In addition, the Company and its joint venture partners provided varying levels of guarantees of debt and other debt-related obligations for these unconsolidated entities. However, as of September 30, 2018 and September 30, 2017, we had no outstanding guarantees or other debt-related obligations related to our investments in unconsolidated entities.

The Company and its joint venture partners generally provide unsecured environmental indemnities to land development joint venture project lenders. These indemnities obligate the Company to reimburse the project lenders for claims related to environmental matters for which they are held responsible. During our fiscal years ended September 30, 2018 and 2017, the Company was not required to make any payments related to environmental indemnities.

In assessing the need to record a liability for these these guarantees, the Company considers its 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, the fair value of the collateral of unconsolidated entities is monitored to ensure that the related borrowings do not exceed the specified percentage of the value of the property securing the borrowings. As of September 30, 2018, no liability was recorded for the contingent aspects of any guarantees that were determined to be reasonably possible but not probable.

Inventory

12 Months Ended

Sep. 30, 2018

Real Estate [Abstract]

Inventory

The components of our owned inventory are as follows as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018		September 30, 2017
Homes under construction	$	476,752	$	419,312
Development projects in progress	907,793		785,777
Land held for future development	83,173		112,565
Land held for sale	7,781		17,759
Capitalized interest	144,645		139,203
Model homes	72,140		68,191
Total owned inventory	$	1,692,284	$	1,542,807

Homes under construction include homes substantially finished and ready for delivery and homes in various stages of construction, including the cost of the underlying lot. We had 240 (with a cost of $84.8 million) and 171 (with a cost of $52.6 million) substantially completed homes that were not subject to a sales contract (spec homes) as of September 30, 2018 and 2017, 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 includes land and lots that do not fit within our homebuilding programs and strategic plans in certain markets, and land is classified as held for sale once certain criteria are met (refer to Note 2). These assets are recorded at the lower of the carrying value or fair value less costs to sell.

The amount of interest we are able to capitalize depends on 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 (see Note 6 for additional information on capitalized interest).

Total owned inventory by reportable segment is presented in the table below as of September 30, 2018 and September 30, 2017:



(In thousands)	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2018
West Segment	$	763,453	$	58,125	$	—	$	821,578
East Segment	280,761		14,077		4,580		299,418
Southeast Segment	358,126		10,971		3,177		372,274
Corporate and unallocated ^(b)	198,990		—		24		199,014
Total	$	1,601,330	$	83,173	$	7,781	$	1,692,284
September 30, 2017
West Segment	$	673,828	$	87,231	$	3,848	$	764,907
East Segment	250,002		14,391		11,578		275,971
Southeast Segment	301,268		10,943		1,233		313,444
Corporate and unallocated ^(b)	187,385		—		1,100		188,485
Total	$	1,412,483	$	112,565	$	17,759	$	1,542,807

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

^(b)Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment. Land held for sale amount includes parcels held by our discontinued operations.

Inventory Impairments

When conducting our community level review for the recoverability of inventory related to projects in progress, we establish a quarterly “watch list” comprised of communities that carry profit margins in backlog and in our forecast that are below a minimum threshold of profitability. We also include in our watch list communities with 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 ten homes remaining to close are subjected to substantial additional financial and operational analysis and review that considers the competitive environment and other factors contributing to gross 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 is 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, 2018, there were four communities that were included in our watch list that required further analysis to be performed after considering the number of lots remaining in each community and certain other qualitative factors. This additional analysis led to an impairment charge of $1.0 million for one of these communities, principally due to a reduction in price taken that is other than temporary based on current competitive and market dynamics. For the year ended September 30, 2017, there were two communities on our watch list that required further analysis. This additional analysis led to an impairment charge of $1.7 million for one of these communities, principally due to a reduction in price taken at each community that is other than temporary based on current competitive and market dynamics.

The table below summarizes the results of our undiscounted cash flow analyses by reportable segment, where applicable, for the periods ended September 30, 2018 and 2017 (the years that such analyses were required):



($ in thousands)		Undiscounted Cash Flow Analyses Prepared
Segment ^(a)	Number of Communities on Watch List ^(b)	Number of Communities ^(c)	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV ^(d)
Year Ended September 30, 2018
West	2	—	$	—	—	%
Southeast	2	2	4,360		99.0	%
Corporate and unallocated ^(e)	—	—	1,307		N/A ^(f)
Total	4	2	$	5,667
Year Ended September 30, 2017
West	4	2	$	15,801	94.4	%
Southeast	2	—	—		—	%
Corporate and unallocated ^(e)	—	—	3,337		N/A ^(f)
Total	6	2	$	19,138

^(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)Number of communities in this column excludes communities that are closing out and have less than ten closings remaining.

^(c)Number of communities in this column is lower than the number of communities on our watch list because it excludes communities due to certain qualitative considerations that would imply that the low profitability levels are temporary in nature.

^(d)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.

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

^(f)N/A - not applicable.

The following table presents, by reportable segment, details of the impairment charges taken on projects in progress for the periods presented:



($ 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 time of Impairment
Year Ended September 30, 2018
Southeast	1	25	$	793	$	1,312
Corporate and unallocated ^(a)	—	—	212		—
Total	1	25	$	1,005	$	1,312
Year Ended September 30, 2017
West	1	46	$	1,625	$	3,791
Corporate and unallocated ^(a)	—	—	68		—
Total	1	46	$	1,693	$	3,791
Year Ended September 30, 2016
West	2	213	$	6,729	$	16,345
East	1	78	5,894		18,073
Corporate and unallocated ^(a)	—	—	1,101		—
Total	3	291	$	13,724	$	34,418

^(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.

The following table presents the ranges or values of significant quantitative unobservable inputs we used in determining the fair value of the communities we impaired during the periods presented:



	Fiscal Year Ended September 30,
Unobservable Inputs	2018			2017
Average selling price (in thousands)	$	356		$	405
Closings per community per month	1 - 6			1 - 4
Discount rate	15.11		%	12.83%

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 calculate the estimated fair value 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. Additionally, in certain limited instances, we are forced to abandon lots due to permitting or other regulatory issues that do not allow us to build on those lots. If we intend to abandon or walk away from a property, we record a charge to earnings for the deposit amount and any related capitalized costs in the period such decision is made. Abandonment charges generally relate to our decision to abandon lots or not exercise certain option contracts that are not projected to produce adequate results, no longer fit with our long-term strategic plan or, in limited circumstances, are not suitable for building due to regulatory or environmental restrictions that are enacted.

The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Projects in Progress:
West	$	—	$	1,625	$	6,729
East	—		—		5,894
Southeast	793		—		—
Corporate and unallocated ^(a)	212		68		1,101
Total impairment charges on projects in progress	$	1,005	$	1,693	$	13,724
Land Held for Sale:
West	$	—	$	94	$	119
East	168		470		280
Southeast	3,218		—		371
Corporate and unallocated ^(a)	2,108		—		—
Total impairment charges on land held for sale	$	5,494	$	564	$	770
Abandonments:
East	$	—	$	188	$	—
Southeast	—		—		788
Total abandonments charges	$	—	$	188	$	788
Total continuing operations	$	6,499	$	2,445	$	15,282
Discontinued Operations:
Land Held for Sale	$	450	$	—	$	—
Total discontinued operations	$	450	$	—	$	—
Total impairment and abandonment charges	$	6,949	$	2,445	$	15,282

^(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.

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. The 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, 2018 and September 30, 2017:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation
As of September 30, 2018
Unconsolidated lot option agreements	$	72,191	$	383,150
As of September 30, 2017
Unconsolidated lot option agreements	$	91,854	$	408,300

Interest

12 Months Ended

Sep. 30, 2018

Real Estate Inventory Capitalized Interest Costs [Abstract]

Interest

Our ability to capitalize interest incurred during the fiscal years ended September 30, 2018, 2017, and 2016 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)	2018			2017			2016
Capitalized interest in inventory, beginning of period	$	139,203		$	138,108		$	123,457
Interest incurred	103,880			105,551			119,360
Capitalized interest impaired	(1,961		)	(56		)	(710		)
Interest expense not qualified for capitalization and included as other expense ^(a)	(5,325		)	(15,636		)	(25,388		)
Capitalized interest amortized to home construction and land sales expenses ^(b)	(91,152		)	(88,764		)	(78,611		)
Capitalized interest in inventory, end of period	$	144,645		$	139,203		$	138,108

^(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 home 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, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

The following table presents our property and equipment as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018			September 30, 2017
Model furnishings and sales office improvements	$	28,311		$	28,589
Information systems	13,183			14,326
Furniture, fixtures and office equipment	9,332			10,971
Leasehold improvements	4,388			3,698
Property and equipment, gross	55,214			57,584
Less: Accumulated Depreciation	(34,371		)	(40,018		)
Property and equipment, net	$	20,843		$	17,566

Borrowings

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Borrowings

As of September 30, 2018 and September 30, 2017, we had the following debt, net of premium/discounts and unamortized debt issuance costs:



(In thousands)	Maturity Date	September 30, 2018			September 30, 2017
5 3/4% Senior Notes	June 2019	$	—		$	321,393
8 3/4% Senior Notes	March 2022	500,000			500,000
7 1/4% Senior Notes	February 2023	24,834			199,834
6 3/4% Senior Notes	March 2025	250,000			250,000
5 7/8% Senior Notes	October 2027	400,000			—
Unamortized debt premium, net		2,640			3,413
Unamortized debt issuance costs		(14,336		)	(14,800		)
Total Senior Notes, net		1,163,138			1,259,840
Junior Subordinated Notes (net of unamortized accretion of $36,770 and $38,837, respectively)	July 2036	64,003			61,937
Other Secured Notes Payable	Various Dates	4,113			5,635
Total debt, net		$	1,231,254		$	1,327,412

As of September 30, 2018, the future maturities of our borrowings were as follows:



Fiscal Year Ended September 30,
(In thousands)
2019	$	4,087
2020	—
2021	—
2022	500,000
2023	24,834
Thereafter	750,773
Total	$	1,279,694

Secured Revolving Credit Facility

The Secured Revolving Credit Facility (the Facility) provides working capital and letter of credit capacity. In October 2017, a Fourth Amendment to the Facility was executed. The Fourth Amendment (1) extends the termination date of the Facility from February 15, 2019 to February 15, 2020; (2) increases the maximum aggregate amount of commitments under the Facility (including borrowings and letters of credit) from $180.0 million to $200.0 million; and (3) includes a condition that allows the Facility to be increased by an additional $50.0 million to $250.0 million, subject to the approval of any lenders providing any such increase. The aggregate collateral ratio (as defined by the underlying Credit Agreement) remained at 4.00 to 1.00 and the after-acquired exclusionary condition (also as defined by the underlying Credit Agreement) remained at $800.0 million. The Facility continues to be with three lenders.

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 property. We also pledged approximately $951.5 million of inventory assets to the Facility to collateralize potential future borrowings or letters of credit (in addition to the letters of credit already issued under the Facility). As of September 30, 2018, no borrowings and no letters of credit were outstanding under the Facility, resulting in a remaining capacity of $200.0 million. As of September 30, 2017, no borrowings were outstanding under the Facility; however, $34.7 million in letters of credit were outstanding, resulting in a remaining capacity of $145.3 million The Facility contains certain covenants, including negative covenants and financial maintenance covenants, with which we are required to comply. As of September 30, 2018, we were in compliance with all such covenants.

In October 2018, the Company executed a Fifth Amendment to the Facility, extending the termination date of the Facility from February 15, 2020 to February 15, 2021 and increasing the maximum aggregate amount of commitments under the Facility, including borrowings and letters of credit, from $200.0 million to $210.0 million. For a further discussion of the Fifth 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, 2018 and September 30, 2017, we had letters of credit outstanding under these additional facilities of $10.4 million and $10.8 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.

In May 2018, the Company entered into a reimbursement agreement, which provides for the issuance of performance letters of credit, and an unsecured credit agreement that provides for the issuance of up to $50.0 million of standby letters of credit to backstop the Company's obligations under the reimbursement agreement (collectively, the "Bilateral Facility"). The Bilateral Facility will terminate on June 10, 2021. As of September 30, 2018, the total stated amount of performance letters of credit issued under the reimbursement agreement was $27.7 million (and the stated amount of the backstop standby letter of credit issued under the credit agreement was $30.0 million). The Company may enter into additional arrangements to provide greater letter of credit capacity.

Senior Notes

Our Senior Notes are unsecured obligations ranking pari passu with all other existing and future senior indebtedness. Substantially all of our significant subsidiaries are full and unconditional guarantors of the Senior Notes and are jointly and severally liable for obligations under the Senior Notes and the Facility. Each guarantor subsidiary is a 100% owned subsidiary of Beazer Homes. See Note 19 for further information.

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, if outstanding, 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, but 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 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 certain types of additional indebtedness and to make certain investments. 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, 2018.

In September 2018, we redeemed our outstanding 5.75% unsecured Senior Notes due June 2019 for $98.2 million using cash on hand, resulting in a loss on extinguishment of debt of $1.9 million, of which $0.1 million was a non-cash write-off of debt issuance and discount costs and $1.8 million was debt extinguishment costs. As a result, the Company terminated, cancelled, and discharged all of its obligations under the 2019 Notes. The retirement of the 2019 and 2027 Notes in fiscal 2018 resulted in an aggregate loss on extinguishment of debt of $27.8 million for the year ended September 30, 2018.

In October 2017, we issued and sold $400.0 million aggregate principal amount of 5.875% unsecured Senior Notes due October 2027 at par (before underwriting and other issuance costs) through a private placement to qualified institutional buyers (the 2027 Notes). Interest on the 2027 Notes is payable semi-annually, beginning on April 15, 2018. The 2027 Notes will mature on October 15, 2027. We may redeem the 2027 Notes at any time prior to October 15, 2022, in whole or in part, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, together with accrued and unpaid interest to, but excluding, the redemption date, plus a customary make-whole premium. In addition, on or prior to October 15, 2022, we may redeem up to 35% of the aggregate principal amount of the 2027 Notes with the net cash proceeds of certain equity offerings at a redemption price equal to 105.875% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date, provided at least 65% of the aggregate principal amount of the 2027 Notes originally issued remains outstanding immediately after such redemption. The covenants related to the 2027 Notes are consistent with our other senior notes.

During the first quarter of fiscal 2018, the proceeds of the 2027 Notes, as well as $34.5 million cash on hand, were used to redeem $225.0 million of our 5.75% unsecured Senior Notes due 2019 and $175.0 million of our 7.25% unsecured Senior Notes due 2023, resulting in a loss on extinguishment of debt of $25.9 million, of which $3.2 million was a non-cash write-off of debt issuance and discount costs.

In March 2017, we issued and sold $250.0 million aggregate principal amount of 6.75% unsecured Senior Notes due March 2025 at par (before underwriting and other issuance costs) through a private placement to qualified institutional buyers (the 2025 Notes). Interest on the 2025 Notes is payable semi-annually, beginning on September 15, 2017. The 2025 Notes will mature on March 15, 2025. We may redeem the 2025 Notes at any time prior to March 15, 2020, in whole or in part, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, together with accrued and unpaid interest to, but excluding, the redemption date, plus a customary make-whole premium. In addition, on or prior to March 15, 2020, we may redeem up to 35% of the aggregate principal amount of the 2025 Notes with the net cash proceeds of certain equity offerings at a redemption price equal to 106.75% of the principal amount, plus accrued and unpaid interest to, but excluding, the redemption date, provided at least 65% of the aggregate principal amount of the 2025 Notes originally issued remains outstanding immediately after such redemption. Upon the occurrence of certain specified changes of control, the holders of the 2025 Notes will have the right to require us to purchase all or a part of the notes at a repurchase price equal to 101% of their principal amount, plus accrued and unpaid interest to, but excluding, the repurchase date. The covenants related to the 2025 Notes are consistent with our other senior notes.

During fiscal 2017, we redeemed our Senior Notes due 2021 and the remaining balance on our term loan, mainly by utilizing the proceeds received from the 2025 Notes issued during the current fiscal year, which is discussed above, as well as cash on hand. This debt repurchase activity resulted in a loss on extinguishment of debt of $15.6 million for the year ended September 30, 2017.

For additional redemption features, refer to the table below that summarizes the redemption terms for our Senior Notes:



Senior Note Description	Issuance Date	Maturity Date	Redemption Terms
8 3/4% Senior Notes	September 2016	March 2022	Callable 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; on or after March 15, 2019, callable at a redemption price equal to 104.375% of the principal amount; on or after March 15, 2020, callable at a redemption price equal to 102.188% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 100% of the principal amount plus, in each case, accrued and unpaid interest
7 1/4% Senior Notes	February 2013	February 2023	Callable at any time on or after February 1, 2018 at a redemption price equal to 103.625% of the principal amount; on or after February 1, 2019, callable at a redemption price equal to 102.417% of the principal amount; on or after February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount; on or after February 1, 2021, callable at 100% of the principal amount plus, in each case, accrued and unpaid interest
6 3/4% Senior Notes	March 2017	March 2025	Callable at any time prior to March 15, 2020, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after March 15, 2020, callable at a redemption price equal to 105.063% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 103.375% of the principal amount; on or after March 15, 2022, callable at a redemption price equal to 101.688% of the principal amount; on or after March 15, 2023, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest
5 7/8% Senior Notes	October 2017	October 2027	Callable at any time prior to October 15, 2022, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after October 15, 2022, callable at a redemption price equal to 102.938% of the principal amount; on or after October 15, 2023, callable at a redemption price equal to 101.958% of the principal amount; on or after October 15, 2024, callable at a redemption price equal to 100.979% of the principal amount; on or after October 15, 2025, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest

Junior Subordinated Notes

Our unsecured junior subordinated notes (Junior Subordinated Notes) mature on July 30, 2036. The Junior Subordinated Notes are redeemable at par and paid interest at a fixed rate of 7.987% for the first ten years ending July 30, 2016. The securities now have a floating interest rate as defined in the Junior Subordinated Notes Indenture, which was a weighted-average of 4.79% as of September 30, 2018 (because the rate on the portion of the Junior Subordinated Notes that was modified, as discussed below, is subject to a floor). 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 then 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, 2018, the unamortized accretion was $36.8 million and will be amortized over the remaining life of the notes. As of September 30, 2018, we were in compliance with all covenants under our Junior Subordinated Notes.

Other Secured Notes Payable

We periodically acquire land through the issuance of notes payable. As of September 30, 2018 and September 30, 2017, we had outstanding notes payable of $4.1 million and $5.6 million, respectively, primarily related to land acquisitions. These secured notes payable have varying expiration dates in 2019, have a weighted-average fixed interest rate of 1.56% as of September 30, 2018 and 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. In each instance, however, a covenant default can be cured by repayment of the indebtedness.

Contingencies

12 Months Ended

Sep. 30, 2018

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 related to these defects as well as others arising from its business. In determining loss contingencies, we consider the likelihood of loss and our ability to reasonably estimate the amount of such loss. 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 quality standards. In addition, we provide a limited warranty for up to ten years covering only certain defined structural element failures.

Our homebuilding work is performed by subcontractors who typically must agree to indemnify us with regard to their work and provide certificates of insurance demonstrating that they have met our insurance requirements and have named us 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.

Warranty reserves are included in other liabilities within the consolidated balance sheets, and the provision for warranty accruals is included in home construction expenses in the consolidated statements of operations. Reserves covering anticipated warranty expenses are recorded for each home closed. Management assesses the adequacy of warranty reserves each reporting period based on historical experience and the expected costs to remediate potential claims. Our review includes a quarterly analysis of the historical data and trends in warranty expense by division. Such analysis considers market specific factors such as warranty experience, the number of home closings, the prices of homes, product mix, and other data in estimating warranty reserves. In addition, the analysis also contemplates the existence of any non-recurring or community-specific warranty-related matters that might not be included in historical data and trends. While estimated warranty liabilities are adjusted each reporting period based on the results of our quarterly analyses, we may not accurately predict actual warranty costs, which could lead to significant changes in the reserve.

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Balance at beginning of period	$	18,091		$	39,131		$	27,681
Accruals for warranties issued ^(a)	13,755			14,215			13,835
Changes in liability related to warranties existing in prior periods ^(b)	(2,401		)	4,807			53,109
Payments made ^(b)	(14,114		)	(40,062		)	(55,494		)
Balance at end of period	$	15,331		$	18,091		$	39,131

^(a) Accruals for warranties issued are a function of the number of home closings in the period, the selling prices of the homes closed and the rates of accrual per home estimated as a percentage of the selling price of the home.

^(b) Changes in liability related to warranties existing and payments made in all periods are elevated in 2017 and 2016 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 Water Intrusion Issues

In the latter portion of our fiscal 2014, we began to experience an increase in calls from homeowners reporting stucco and water intrusion issues in certain of our communities in Florida (the Florida stucco issues). Through September 30, 2018, we cumulatively recorded charges related to these issues of $85.0 million.

Warranty reserves related to the Florida stucco issues decreased during the current fiscal year by $0.6 million but increased by $5.2 million during the prior year. As of September 30, 2018, 707 homes have been identified as likely to require repairs, of which 685 homes have been repaired. We made payments related to the Florida stucco issues of $2.4 million during the current fiscal year. This amount included payments on fully repaired homes and homes for which remediation is not yet complete, bringing the remaining accrual related to this issue to $1.7 million as of September 30, 2018 compared to $4.7 million as of September 30, 2017. These accruals are included in the overall warranty liabilities detailed above.

Our assessment of the Florida stucco issues is ongoing. As a result, we anticipate that the ultimate magnitude of our liability may change as additional information is obtained. Certain visual and other inspections of the homes that could be subject to defect often do not reveal the severity or extent of the defects, which can only be discovered once we receive a homeowner call and begin repairs. The current fiscal year charges were impacted by additional insurance recoveries; for a discussion of the amounts we have already recovered or anticipate recovering from our insurers, refer to the “Insurance Recoveries” section below.

In addition, we believe that we will also recover a portion of such repair costs from sources other than our own insurer, including the subcontractors involved with the construction of these homes and their insurers; however, no amounts related to subcontractor recoveries have been recorded in our consolidated financial statements as of September 30, 2018. Any amounts recovered from our subcontractors related to homes closed during policy years for which we have exceeded the deductible in our insurance policies would be remitted to our insurers, while recoveries in other policy years would be retained by us.

Insurance Recoveries

The Company has insurance policies that provide for the reimbursement of certain warranty costs incurred above a specified threshold for each period covered. We have surpassed these thresholds for certain policy years, particularly those that cover most of the homes impacted by the water intrusion issues discussed above. As such, beginning with the first quarter of fiscal 2015, we expect a substantial majority of additional costs for warranty work on homes within these policy years to be reimbursed by our insurers. For two policy years, our exposure has exceeded the insurance claim limit for one division under our first layer of coverage; however, we are claiming and recovering additional amounts under our excess insurance coverage.

Warranty expense beyond the thresholds set in our insurance policies was recorded related to homes impacted by the Florida stucco issues as well as other various warranty issues that are in excess of our insurance thresholds. We adjust our insurance receivable balance each quarter to reflect our estimate of future costs to be incurred subject to recoveries from insurers. Insurance receivables decreased by $0.2 million during fiscal 2018 and increased by $4.8 million in fiscal 2017 to reflect the amounts deemed probable of receiving. The changes to our insurance receivables offset the current fiscal year movements in our reserve related to the Florida stucco issues. The recoveries recorded during fiscal 2016 were $3.6 million greater than the underlying expense related to the Florida stucco issues, as we began to recover more costs than initially anticipated. The remaining insurance recovery amount for the year ended September 30, 2016 beyond the Florida stucco issues related to expenditures for warranty issues that were individually immaterial but were also in excess of our insurance thresholds.

Amounts recorded for anticipated insurance recoveries are reflected within consolidated statements of operations as a reduction of home construction expenses. Amounts not yet received from our insurer were recorded on a gross basis, without any reduction for the associated warranty expense, within accounts receivable within the consolidated balance sheets.

Amounts still to be recovered under our insurance policies will vary based on whether expected additional warranty costs are actually 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 amounts ultimately owed to us from our insurer.

Additionally, we entered into agreements with our third-party insurer during fiscal 2016 to resolve certain issues related to the extent of our insurance coverage for multiple policy years. These agreements resulted in our recognition of $15.5 million in further insurance recoveries (in addition to those discussed above), which was recorded within our consolidated statements of operations as a reduction of our home construction expenses.

Litigation

From time to time, we receive claims from institutions that have acquired mortgages originated by our subsidiary, Beazer Mortgage Corporation (BMC), demanding damages or indemnity or that we repurchase such mortgages. BMC stopped originating mortgages in 2008. We have been able to resolve these claims for no cost or for amounts that are not material to our consolidated financial statements. At present there are no such claims outstanding; however, we cannot rule out the potential for additional mortgage loan repurchase or indemnity claims in the future. 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, 2018, 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 our 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

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 an accrual of $3.7 million and $3.9 million in other liabilities on our consolidated balance sheets related to litigation and other matters, excluding warranty, as of September 30, 2018 and 2017, respectively.

We had outstanding letters of credit and performance bonds of approximately $38.1 million and $237.8 million, respectively, as of September 30, 2018, related principally to our obligations to local governments to construct roads and other improvements in various developments.

Fair Value Measurements

12 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

As of the dates presented, we had assets on our consolidated balance sheets that were required to be measured at fair value on a recurring or non-recurring basis. We use a fair value hierarchy that requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value as follows:


•	Level 1 – Quoted prices in active markets for identical assets or liabilities;


•	Level 2 – Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly through corroboration with market data; and


•	Level 3 – Unobservable inputs that reflect our own estimates about the assumptions market participants would use in pricing the asset or liability.

Certain of our assets are required to be recorded at fair value on a recurring basis. The fair value of our deferred compensation plan assets is 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 of these assets 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 on assets deemed to be impaired is determined based upon the type of asset being evaluated. Fair value of our owned inventory assets, when required to be calculated, is further discussed within Notes 2 and 5. The fair value of our investments in unconsolidated entities is determined primarily using a discounted cash flow model to value the underlying net assets of the respective entities. Due to the substantial use of unobservable inputs in valuing the assets on a non-recurring basis, they are classified within Level 3.

During the fiscal year ended September 30, 2018, we recorded $1.0 million in impairments on projects in process, impairments on land held for sale of $5.9 million, and impairments on an investment in an unconsolidated entity of $0.3 million. During the fiscal year ended September 30, 2017, we recorded impairments on projects in process of $1.7 million and impairments related to land held for sale of $0.6 million. During the fiscal year ended September 30, 2016, we recorded impairments on projects in process of $13.7 million and impairments related to land held for sale of $0.8 million.

Determining within which hierarchical level an asset or liability falls requires significant judgment. We evaluate our hierarchy disclosures each quarter.

The following table presents the period-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 the periods presented:



(In thousands)	Level 1		Level 2		Level 3			Total
Year Ended September 30, 2018
Deferred compensation plan assets ^(a)	$	—	$	1,578	$	—		$	1,578
Development projects in progress^(b)	—		—		1,312		^(c)	1,312
Land held for sale ^(b)	—		—		1,724		^(c)	1,724
Unconsolidated entity investments ^(b)	—		—		80			80
Year Ended September 30, 2017
Deferred compensation plan assets ^(a)	$	—	$	1,114	$	—		$	1,114
Development projects in progress ^(b)	—		—		3,791		^(c)	3,791
Land held for sale ^(b)	—		—		325		^(c)	325
Year Ended September 30, 2016
Deferred compensation plan assets ^(a)	$	—	$	765	$	—		$	765
Development projects in progress ^(b)	—		—		34,418		^(c)	34,418
Land held for sale ^(b)	—		—		19,973			19,973

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

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

^(c)Amount represents the impairment-date fair value of the development projects in progress and land held for sale assets that were impaired during the periods indicated.

The fair value of our cash and cash equivalents, restricted cash, accounts receivable, trade accounts payable, other liabilities, amounts due under the Facility (if outstanding), and other secured notes payable approximate their carrying amounts due to the short maturity of these assets and liabilities. When outstanding, obligations related to land not owned under option agreements approximate fair value.

The following table presents the carrying value and estimated fair value of certain of our other financial liabilities as of September 30, 2018 and September 30, 2017:



	As of September 30, 2018				As of September 30, 2017
(In thousands)	Carrying Amount ^(a)		Fair Value		Carrying Amount ^(a)		Fair Value
Senior Notes ^(b)	$	1,163,138	$	1,096,214	$	1,259,840	$	1,355,657
Junior Subordinated Notes	64,003		64,003		61,937		61,937
Total	$	1,227,141	$	1,160,217	$	1,321,777	$	1,417,594

^(a) Carrying amounts are net of unamortized debt premium/discounts, debt issuance costs or accretion.

^(b) The estimated fair value for our publicly-held Senior Notes has been determined using quoted market rates (Level 2).

- 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, 2018

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 G&A in our consolidated statements of operations, amounted to approximately $4.8 million, $4.9 million, and $4.7 million for the fiscal years ended September 30, 2018, 2017, and 2016, respectively. This rental expense excludes expense related to our discontinued operations, which is not material in any period presented. Additionally, sublease income received in all periods presented was not material. As of September 30, 2018, future minimum lease payments under noncancelable operating lease agreements are as follows:



Fiscal Year Ended September 30,
(In thousands)
2019	$	4,624
2020	4,017
2021	3,326
2022	2,381
2023	1,643
Thereafter	839
Total	$	16,830

Income Taxes

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Income Taxes

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017		2016
Current federal	$	57		$	—	$	—
Current state	512			859		595
Deferred federal ^(a)	102,082			1,625		5,574
Deferred state ^{(a) (b)}	(8,167		)	212		10,329
Total	$	94,484		$	2,696	$	16,498

^(a) Fiscal 2018 federal deferred expense is primarily driven by the remeasurement of our deferred tax asset at the newly enacted 21.0% federal tax rate, partially offset by the release of the remaining valuation allowance on our federal deferred tax assets. Fiscal 2018 state benefit is primarily driven by the release of valuation allowance in certain operating jurisdictions; refer to discussion below titled “Valuation Allowance.”

^(b) Fiscal 2016 expense includes $8.6 million of additional valuation allowance on our state deferred tax assets due to a number of changes to the legal forms of our operating entities. This additional valuation allowance was for states that did not have a valuation allowance release in 2018. Refer to the discussion below titled “Valuation Allowance” for additional details.

The expense 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)	2018			2017			2016
Income tax computed at statutory rate	$	12,112		$	12,052		$	7,596
State income taxes, net of federal benefit	111			1,287			4,974
Deferred rate change	110,071			—			(678		)
(Decrease) increase in valuation allowance - other ^{(a) (b) (c)}	(27,370		)	(3,482		)	6,457
Changes for uncertain tax positions	598			(685		)	(40		)
Stock based compensation	—			741			—
Permanent differences	2,133			496			400
Tax credits	(3,174		)	(7,460		)	(2,134		)
Other, net	3			(253		)	(77		)
Total	$	94,484		$	2,696		$	16,498

^(a)For fiscal 2016, amount includes $8.6 million of additional valuation allowance on our state deferred tax assets due to a number of changes to the legal forms of our operating entities; refer to discussion below titled “Valuation Allowance.”

^(b)For fiscal 2017, amount includes a $3.5 million release of the valuation allowance on our state deferred tax assets due to changes in our state net operating loss estimates; refer to discussion below titled “Valuation Allowance.”

^(c)For fiscal 2018, amount includes a $27.4 million release of the valuation allowance on our federal and state deferred tax assets; refer to discussion below titled “Valuation Allowance.” Due to our fiscal year end, our fiscal provision was calculated using a blended 24.5% federal tax rate. The increase in permanent differences in fiscal 2018 compared to the prior fiscal year was largely driven by the limits on deductibility for executive compensation for current year incentive awards and anticipated limitations on unvested stock awards due to the enactment of the Tax Cuts and Jobs Act.

The principal differences between our effective tax rate and the U.S. federal statutory rate relate to state taxes, changes in our valuation allowance and tax credits.

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, 2018 and September 30, 2017:



(In thousands)	September 30, 2018			September 30, 2017
Deferred tax assets:
Federal and state tax carryforwards	$	196,702		$	293,298
Inventory adjustments	29,565			59,507
Incentive compensation	11,959			19,043
Warranty and other reserves	6,350			6,140
Property, equipment and other assets	2,123			3,247
Other	734			1,785
Uncertain tax positions	734			1,332
Total deferred tax assets	248,167			384,352
Deferred tax liabilities:
Deferred revenues	—			(11,297		)
Total deferred tax liabilities	—			(11,297		)
Net deferred tax assets before valuation allowance	248,167			373,055
Valuation allowance ^(a)	(34,212		)	(65,159		)
Net deferred tax assets	$	213,955		$	307,896

^(a) For fiscal 2018, amount includes a $27.4 million release of the valuation allowance on our federal and state deferred tax assets. For fiscal 2017, amount includes a $3.5 million release of the valuation allowance on our state deferred tax assets due to changes in our state operating loss estimates; refer to discussion below titled “Valuation Allowance.”

The Tax Cuts and Jobs Act (Tax Act) is comprehensive tax reform legislation that was enacted by the U.S. government on December 22, 2017. The Tax Act includes significant changes to the Internal Revenue Code, including a reduction in the corporate tax rate from 35.0% to 21.0%. Due to our fiscal year end, our fiscal 2018 provision was calculated using a blended 24.5% federal tax rate. The Tax Act contained additional changes that will impact our taxable income determinations, including, but not limited to, elimination of the corporate alternative minimum tax and a mechanism for refunding existing alternative minimum tax credits, and limitations on the deductibility of certain executive compensation. Although these provisions are not applicable until our fiscal 2019, we have recognized the impacts of the reduced federal tax rate and anticipated limitations on the deductibility of executive compensation in our fiscal 2018 provision. As of September 30, 2018, we have completed our analysis of the impacts of the Tax Act under SAB 118 with immaterial differences to our provisional amounts previously recorded.

As of September 30, 2018, our gross deferred tax assets above included $133.2 million for federal net operating loss carryforwards, $39.6 million for state net operating loss carryforwards, $9.6 million for an alternative minimum tax credit and $17.7 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 2038. The alternative minimum tax credit has an unlimited carryforward period. 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. Because the five-year period has expired, we have determined the actual impact and final classification of those amounts, which are properly reflected in the amounts presented above. The actual realization of our deferred tax assets is difficult to predict and is dependent on future events.

We recognized income tax expense from continuing operations of $94.5 million in our fiscal 2018, compared to income tax expense from continuing operations of $2.7 million and $16.5 million in our fiscal 2017 and fiscal 2016, respectively. The income tax expense in our fiscal 2018 primarily resulted from income in the current year and the remeasurement of our deferred tax asset at a lower 21% federal tax rate, partially offset by the additional release of valuation allowance and the generation of additional federal tax credits. The income tax expense in our fiscal 2017 primarily resulted from income in the current year, offset by the generation of federal tax credits and an additional benefit resulting from changes to our valuation allowance due to changes in our state net operating loss estimates. In fiscal 2016, our income tax expense primarily resulted from income generated in the fiscal year, offset by the generation of federal tax credits. 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 2018, 2017, and 2016 are not meaningful metrics, as our income tax amounts were not directly correlated to the amount of our pretax income 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.

During fiscal 2016, we contemplated various tax planning strategies based on our operations profile. This planning resulted in a restructuring effort immediately following the close of our fiscal 2016, where we executed certain tax elections and a number of changes to the legal forms of our operating entities, which significantly reduced our income profile in certain state jurisdictions going forward. The restructuring reduced our effective tax rate in fiscal 2017 to an amount that is in-line with our peers, through a significant reduction in our state effective tax rate. In addition, the restructure provides cash tax savings in various jurisdictions where we no longer have significant state loss carryforwards available. In conjunction with the restructure, we also evaluated our ability to realize certain state components of our deferred tax asset. Given this change, we evaluated both positive and negative evidence, including consideration of a change in expected future taxable earnings in the separate state jurisdictions that will be impacted by the restructuring. Based on those evaluations, we recorded an additional $8.6 million in valuation allowance during the quarter ended September 30, 2016 for state deferred tax assets we concluded are no longer more likely than not to be realized.

During fiscal 2017, we recorded additional impacts related to our tax elections and changes in legal form as further determinations were made throughout the year. These impacts included changes to our apportionment and deferred balances by jurisdiction, as well as changes to our uncertain tax positions. As a result, we recorded a decrease of $3.5 million in valuation allowance during the quarter ended September 30, 2017 for changes in our expected state net operating loss utilization due to changes in our uncertain tax positions.

In fiscal 2018, we concluded that it was more likely than not that all of our federal tax attributes and additional portions of our state tax assets would be realized over their remaining recovery periods. This conclusion was based on an evaluation of all relevant evidence, both positive and negative, that would impact our ability to realize our deferred tax assets. The positive evidence included continued improvements in our pre-tax earnings profile, recent acquisitions and community count growth in future years, tax planning strategies, and increases to our future taxable income due to the enactment of the Tax Cuts and Jobs Act. The negative evidence included a number of factors within the homebuilding industry, notably recent market related impacts to costs of production, labor constraints, mortgage interest rate forecasts, and the position of the current housing cycle. We continue to maintain levels of backlog and community count to support our expectations of future profitability. During the current fiscal year, the Company completed its plan to repurchase portions of its outstanding debt, which altered its debt maturity and interest rate profile through new issuances and redemptions of prior issuances. The change in the Company's debt portfolio will create future interest expense savings that further support its estimates of future profitability. As of September 30, 2018, the Company will have to cumulatively generate approximately $768.0 million in pre-tax income over the course of its carryforward period to realize its deferred tax assets prior to their expiration, which, as previously discussed, is the Company's fiscal 2038.

The valuation allowance of $34.2 million as of September 30, 2018 remains on various state attributes for which the Company has concluded it is not more likely than not that these attributes would be realized at that time.

Unrecognized Tax Benefits

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Balance at beginning of year	$	3,804		$	4,541		$	4,721
Additions for (reductions in) tax positions related to current year	—			61			(180		)
Additions for tax positions related to prior years	—			2,611			—
Reductions in tax positions of prior years	—			(2,273		)	—
Lapse of statute of limitations	(310		)	(1,136		)	—
Balance at end of year	$	3,494		$	3,804		$	4,541

If we were to recognize our $3.5 million of gross unrecognized tax benefits remaining as of September 30, 2018, substantially all would impact our effective tax rate. Additionally, we had $1.3 thousand and $1.4 thousand of accrued interest and penalties as of September 30, 2018 and 2017, respectively. Our income tax expense includes tax-related interest.

In the normal course of business, we are subject to audits by federal and state tax authorities regarding various tax liabilities. 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, 2018, it is reasonably possible that $21.6 thousand of our uncertain tax positions will reverse within the next twelve months.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Sep. 30, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders' Equity Preferred Stock We currently have no shares of preferred stock outstanding. Common Stock As of September 30, 2018, we had 63,000,000 shares of common stock authorized and 33,522,046 shares both issued and outstanding. Common Stock Repurchases During our fiscal 2018, 2017, and 2016, we did not repurchase any shares of our common stock in the open market. Any future stock repurchases, to the extent allowed by our existing debt covenants, must be approved by the Company's Board of Directors or its Finance Committee. During our fiscal 2018, 2017, and 2016, 229,191, 32,035, and 16,779 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 $3.4 million in fiscal 2018, $0.4 million in fiscal 2017, and $0.2 million in fiscal 2016. Dividends The indentures under which our Senior Notes were issued contain certain restrictive covenants, including limitations on our payment of dividends. There were no dividends paid during our fiscal 2018, 2017, or 2016. 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. In February 2013, the Company’s stockholders approved an extension of the term of the Protective Amendment and approved a Section 382 Rights Agreement that was adopted by our Board of Directors. These instruments are 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. In February 2016, the Company’s stockholders approved an extension of the Protective Amendment to November 12, 2019 and approved a new Section 382 Rights Agreement adopted by our Board of Directors with an expiration date of November 14, 2019.

Retirement and Deferred Compensation Plan	12 Months Ended
Retirement and Deferred Compensation Plan	Sep. 30, 2018
Retirement Benefits [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 immediately, while the Company's contributions vest over five years. Our total contributions for the fiscal years ended September 30, 2018, 2017, and 2016 were approximately $3.3 million, $3.0 million, and $2.6 million, respectively. During fiscal 2018, 2017, and 2016, participants forfeited $0.7 million, $0.6 million, and $0.4 million, respectively, of unvested matching contributions. Deferred Compensation Plan The Beazer Homes USA, Inc. Deferred Compensation Plan (the DCP) is a non-qualified deferred compensation plan for a select group of executives and highly compensated employees. The DCP 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 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 is voluntary. Beazer Homes may voluntarily make a contribution to the participants' DCP accounts. Deferred compensation assets of $1.6 million and $1.1 million and deferred compensation liabilities of $4.6 million and $3.8 million as of September 30, 2018, and 2017, 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, 2018, 2017, and 2016, we contributed approximately $0.2 million, $0.3 million, and $0.2 million, respectively, to the DCP in the form of voluntary contributions.

Stock-based Compensation

12 Months Ended

Sep. 30, 2018

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, 2018, we had approximately 2.6 million shares of common stock for issuance under our various equity incentive plans, of which approximately 2.1 million shares are available for future grants.

Our total stock-based compensation expense is included in G&A expenses in our consolidated statements of operations and recognized using the straight-line method over the vesting period. 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 thousands)	2018			2017			2016
Stock options expense	$	225		$	274		$	534
Restricted stock awards expense	10,033			7,885			7,425
Before tax stock-based compensation expense	10,258			8,159			7,959
Tax benefit	(2,622		)	(2,917		)	(2,832		)
After tax stock-based compensation expense	$	7,636		$	5,242		$	5,127

Stock Options

We have issued stock options to officers and key employees under the 2014 Plan, 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 granted is estimated on the date of grant using the Black-Scholes option-pricing model (Black-Scholes Model). As of September 30, 2018, the intrinsic value of our stock options outstanding, vested and expected to vest, vested and exercisable were $0.1 million, $0.1 million, and $0.1 million, respectively. As of September 30, 2018 and September 30, 2017, there was $0.2 million and $0.3 million, respectively, of total unrecognized compensation cost related to unvested stock options. The cost remaining as of September 30, 2018 is expected to be recognized over a weighted-average period of 1.8 years.

During fiscal 2016, the Compensation Committee of our Board of Directors approved the Employee Stock Option Program (EOP). This program is available to all full-time employees, other than our senior leadership team, and is designed to enable employees to share in potential price appreciation of the Company's stock. The EOP matches stock purchases made by eligible employees meeting certain conditions with an option to purchase an additional share of the Company's shares on a one-to-one basis. The exercise price of the options granted is equal to the closing price of the Company's stock on the day the underlying stock is purchased. The options will vest on the second anniversary of the date of grant but are forfeited if (1) the eligible employee no longer works for the Company or (2) the underlying shares are sold before the two-year vesting period is over. The total number of options available under the EOP is limited to 100,000, of which 3,950 options were granted through the end of fiscal 2018.

During the year ended September 30, 2018, we issued 25,230 stock options, including those issued under the EOP, each for one share of the Company's stock. These stock options typically vest ratably over three years from the date of grant, or two years from the date of grant if issued under the EOP. We used the following valuation assumptions for stock options granted for the periods presented:



	Fiscal Year Ended September 30,
	2018			2017			2016
Expected life of options	5.0 years			5.4 years			4.9 years
Expected volatility	44.71		%	50.10		%	46.49		%
Expected dividends	—			—			—
Weighted-average risk-free interest rate	2.10		%	1.85		%	1.36		%
Weighted-average fair value	$	8.30		$	5.83		$	4.03

We 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 granted. 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.

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



	2018				2017				2016
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	593,753		$	14.76	672,669		$	16.49	643,907		$	18.13
Granted	25,230		19.99		29,410		12.50		125,449		9.19
Exercised	(8,411	)	7.52		(2,313	)	10.80		—		—
Expired	(61,967	)	23.19		(84,976	)	28.45		(86,606	)	19.70
Cancelled	—		—		(480	)	23.65		—		—
Forfeited	(15,553	)	10.46		(20,557	)	11.97		(10,081	)	10.98
Outstanding at end of period	533,052		$	14.26	593,753		$	14.76	672,669		$	16.49
Exercisable at end of period	479,538		$	14.03	476,606		$	15.91	503,594		$	17.76
Vested or expected to vest in the future	533,052		$	14.26	585,186		$	14.83	672,669		$	16.49

The following table summarizes information about stock options outstanding and exercisable as of September 30, 2018:



	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 - $10	152,004	2.6	$	9.77	152,004	2.6	$	9.77
$11 - $15	207,451	3.2	13.33		177,617	2.7	13.37
$16 - $20	173,597	3.7	19.30		149,917	3.1	19.12
$1 - $20	533,052	3.2	$	14.26	479,538	2.8	$	14.03

Information pertaining to the intrinsic value of options exercised and the fair market value of options that vested is below:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Intrinsic value of options exercised	$	76	$	13	$	—
Fair market value of options vested	$	296	$	482	$	681

Restricted Stock Awards

The fair value of each restricted stock award with market conditions is estimated on the date of grant using the Monte Carlo valuation method. The fair value of restricted stock awards without market conditions is based on the market price of the Company's common stock on the date of grant. If applicable, the cash-settled component of any awards granted to employees is accounted for as a liability, which is adjusted to fair value each reporting period until vested.

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, 2018 and September 30, 2017, there was $8.8 million and $8.8 million, respectively, of total unrecognized compensation cost related to unvested restricted stock awards. The cost remaining as of September 30, 2018 is expected to be recognized over a weighted-average period of 1.8 years.

We have issued restricted stock awards to officers and key employees under both the 2014 Plan and the 2010 Plan. During fiscal 2018, we issued time-based restricted stock awards and performance-based restricted stock awards with a payout subject to certain performance and market conditions. Each award type is discussed below.

Performance-Based Restricted Stock Awards

During the year ended September 30, 2018, we issued 165,085 shares of performance-based restricted stock (2018 Performance Shares) to our executive officers and certain other employees that also have market conditions. The 2018 Performance Shares are structured to be awarded based on the Company's performance under three pre-determined financial metrics at the end of the three-year performance period. After determining the number of shares earned based on the financial metrics, which can range from 0% to 175% of the targeted number of shares, the award will be subject to further upward or downward adjustment by as much as 20% based on the Company's relative total shareholder return (TSR) compared against the S&P Homebuilders Select Industry Index during the three-year performance period. The 2018 Performance Shares were valued using the Monte Carlo valuation model due to the existence of the TSR market condition and had an estimated fair value of $22.40 per share on the date of grant.

A Monte Carlo valuation model requires the following inputs: (1) the expected dividend yield on the underlying stock; (2) the expected price volatility of the underlying stock; (3) the risk-free interest rate for the period corresponding with the expected term of the award; and (4) the 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 valuation model to determine the fair value as of the grant date for performance-based restricted stock granted in each of the fiscal years ended. The methodology used to determine these assumptions is similar to the Black-Scholes Model; however, the expected term is determined by the model in the Monte Carlo simulation.



	Fiscal Year Ended September 30,
	2018			2017			2016
Expected volatility	21.1% - 61.2%			32.6% - 66.0%			29.9% - 151.2%
Risk-free interest rate	1.81		%	1.30		%	1.21		%
Dividend yield	—			—			—
Grant-date stock price	$	20.50		$	12.51		$	14.24

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. Any 2018 Performance Shares earned in excess of the target number of 165,085 may be settled in cash or additional shares at the discretion of the Compensation Committee. Any portion of these shares that do not vest at the end of the period will be forfeited.

The performance criteria of the 2016 Performance Share grant was satisfied as of September 30, 2018. Based on the actual performance level achieved, 309,843 performance-based restricted stock awards from the 2016 Performance Share grant will cliff vest at the end of the three-year vesting period on November 23, 2018. Of the total $4.8 million compensation cost related to these awards, we have recognized $1.3 million, $2.3 million, and $1.0 million during the fiscal years ended September 30, 2018, 2017, and 2016, respectively. The remaining $0.2 million of unrecognized compensation cost will be recognized in the first quarter of fiscal 2019.

Time-Based Restricted Stock Awards

During the year ended September 30, 2018, we also issued 277,165 shares of time-based restricted stock (Restricted Shares) to our directors, executive officers, and certain other employees. Restricted Shares are valued based on the market price of the Company's common stock on the date of the grant. The Restricted Shares granted to our non-employee directors vest on the first anniversary of the grant, while the Restricted Shares granted to our executive officers and other employees generally vest ratably over three years from the date of grant.

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



	Year Ended September 30, 2018
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	668,766		$	15.72	872,181		$	16.47	1,540,947		$	16.15
Granted	165,085		22.40		277,165		18.98		442,250		20.26
Vested	—		—		(690,922	)	17.38		(690,922	)	17.38
Forfeited	(189,066	)	18.98		(26,641	)	17.02		(215,707	)	18.74
End of period	644,785		$	16.47	431,783		$	16.60	1,076,568		$	16.53



	Year Ended September 30, 2017
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	448,693		$	16.71	807,124		$	17.52	1,255,817		$	17.23
Granted	263,696		13.60		271,855		12.50		535,551		13.04
Vested	—		—		(189,029	)	15.52		(189,029	)	15.52
Forfeited	(43,623	)	13.11		(17,769	)	14.08		(61,392	)	13.39
End of period	668,766		$	15.72	872,181		$	16.47	1,540,947		$	16.15



	Year Ended September 30, 2016
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	252,022		$	16.34	704,261		$	18.97	956,283		$	18.27
Granted	231,624		15.43		259,819		14.04		491,443		14.69
Vested	—		—		(127,993	)	18.58		(127,993	)	18.58
Forfeited	(34,953	)	5.51		(28,963	)	16.78		(63,916	)	10.62
End of period	448,693		$	16.71	807,124		$	17.52	1,255,817		$	17.23

Earnings Per Share

12 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

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

Following is a summary of the components of basic and diluted (loss) income per share for the periods presented:



	Fiscal Year Ended September 30,
(In thousands, except per share data)	2018			2017			2016
Numerator:
(Loss) income from continuing operations	$	(45,046	)	$	31,953		$	5,205
Loss from discontinued operations, net of tax	(329		)	(140		)	(512		)
Net (loss) income	$	(45,375	)	$	31,813		$	4,693

Denominator:
Basic weighted-average shares	32,141			31,952			31,798
Dilutive effect of restricted stock awards	—			433			5
Dilutive effect of stock options	—			41			—
Diluted weighted-average shares ⁽¹⁾	32,141			32,426			31,803

Basic (loss) income per share:
Continuing operations	$	(1.40	)	$	1.00		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	1.00		$	0.15

Diluted (loss) income per share:
Continuing operations	$	(1.40	)	$	0.99		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	0.99		$	0.15

⁽¹⁾The following potentially dilutive shares were excluded from the calculation of diluted (loss) income per share as a result of their anti-dilutive effect. Due to the reported net loss for the year ended September 30, 2018, all common stock equivalents were excluded from the computation of diluted loss per share for fiscal year 2018 because inclusion would have resulted in anti-dilution.



	Fiscal Year Ended September 30,
(In thousands)	2018	2017	2016
Stock options	533	319	693
Time-based restricted stock	432	—	770
Performance-based restricted stock	645	—	—

Segment Information

12 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Segment Information

We currently operate in 13 states that are grouped into three homebuilding segments based on geography. Revenues from 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 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 and 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, and depreciation and amortization by segment for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Revenue
West	$	1,014,803	$	853,230	$	827,907
East	524,563		551,422		526,949
Southeast	567,767		511,626		467,258
Total revenue	$	2,107,133	$	1,916,278	$	1,822,114



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Operating income ^(a)
West	$	142,310		$	110,600		$	99,835
East ^(b)	57,372			58,191			42,205
Southeast ^(c)	45,950			53,905			49,250
Segment total	245,632			222,696			191,290
Corporate and unallocated ^(d)	(164,084		)	(160,558		)	(131,965		)
Total operating income	$	81,548		$	62,138		$	59,325



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Depreciation and amortization
West	$	7,062	$	7,207	$	6,086
East	2,619		2,927		3,173
Southeast	3,053		2,564		2,451
Segment total	12,734		12,698		11,710
Corporate and unallocated ^(d)	1,073		1,311		2,084
Total depreciation and amortization	$	13,807	$	14,009	$	13,794

^(a) Operating income is impacted by impairment and abandonment charges incurred during the periods presented (see Note 5).

^(b) Operating income for our East segment for the year ended September 30, 2017 was impacted by a charge to G&A of $2.7 million related to the write-off of a deposit on a legacy investment in a development site that we deemed uncollectible.

^(c) Operating income for our Southeast segment for the year ended September 30, 2016 was impacted by unexpected warranty costs related to the Florida stucco issues, net of expected insurance recoveries. This impact was a credit of $3.6 million in fiscal 2016.

^(d) Corporate and unallocated operating loss includes amortization of capitalized interest and capitalized indirects; expenses related to numerous shared services functions that benefit all segments but are not allocated to the operating segments reported above, including information technology, treasury, corporate finance, legal, branding and national marketing; and certain other amounts that are not allocated to our operating segments. For the year ended September 30, 2016, the Corporate and unallocated operating loss includes a $15.5 million reduction in home construction expenses resulting from an agreement entered into during the current fiscal year with our third-party insurer to resolve certain issues related to the extent of our insurance coverage (refer to Note 9).

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)	2018		2017		2016
Capital Expenditures
West	$	8,152	$	7,086	$	6,570
East	2,234		2,474		2,441
Southeast	3,112		2,539		2,747
Corporate and unallocated	3,522		341		461
Total capital expenditures	$	17,020	$	12,440	$	12,219

The following table contains our asset balance by segment as of September 30, 2018 and 2017:



(In thousands)	September 30, 2018		September 30, 2017
Assets
West	$	835,230	$	779,964
East	335,474		298,532
Southeast	414,685		331,618
Corporate and unallocated ^(a)	542,713		810,881
Total assets	$	2,128,102	$	2,220,995

^(a)Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirects and other items that are not allocated to the segments.

Supplemental Guarantor Information

12 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor Information

As discussed in Note 8, the Company's obligations to pay principal, premium, if any, and interest under certain debt agreements are guaranteed on a joint and several basis by substantially all of its subsidiaries. Some immaterial subsidiaries do not guarantee the Senior Notes. 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 the Company's consolidated financial statements separated by amounts related to the parent issuer, guarantor subsidiaries, non-guarantor subsidiaries, and consolidating adjustments as of or for the periods presented.

Beazer Homes USA, Inc.

Condensed Consolidating Balance Sheet Information

September 30, 2018



in thousands	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	93,875	$	45,355	$	575	$	—		$	139,805
Restricted cash	10,921		2,522		—		—			13,443
Accounts receivable (net of allowance of $378)	—		24,647		—		—			24,647
Income tax receivable	—		—		—		—			—
Owned inventory	—		1,692,284		—		—			1,692,284
Investments in unconsolidated entities	773		3,262		—		—			4,035
Deferred tax assets, net	213,955		—		—		—			213,955
Property and equipment, net	—		20,843		—		—			20,843
Investments in subsidiaries	645,086		—		—		(645,086		)	—
Intercompany	922,525		—		2,304		(924,829		)	—
Goodwill and other intangible assets, net	—		9,751		—		—			9,751
Other assets	694		8,626		19		—			9,339
Total assets	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	126,432	$	—	$	—		$	126,432
Other liabilities	14,357		111,906		126		—			126,389
Intercompany	2,304		922,525		—		(924,829		)	—
Total debt (net of premium/discount and debt issuance costs)	1,227,141		4,113		—		—			1,231,254
Total liabilities	1,243,802		1,164,976		126		(924,829		)	1,484,075
Stockholders’ equity	644,027		642,314		2,772		(645,086		)	644,027
Total liabilities and stockholders’ equity	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102

Beazer Homes USA, Inc.

Condensed Consolidating Balance Sheet Information

September 30, 2017



in thousands	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	283,191	$	15,393	$	724	$	(7,161	)	$	292,147
Restricted cash	11,001		1,461		—		—			12,462
Accounts receivable (net of allowance of $330)	—		36,322		1		—			36,323
Income tax receivable	88		—		—		—			88
Owned inventory	—		1,542,807		—		—			1,542,807
Investments in unconsolidated entities	773		3,221		—		—			3,994
Deferred tax assets, net	307,896		—		—		—			307,896
Property and equipment, net	—		17,566		—		—			17,566
Investments in subsidiaries	808,067		—		—		(808,067		)	—
Intercompany	606,168		—		2,337		(608,505		)	—
Other assets	599		7,098		15		—			7,712
Total assets	$	2,017,783	$	1,623,868	$	3,077	$	(1,423,733	)	$	2,220,995
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	103,484	$	—	$	—		$	103,484
Other liabilities	11,229		96,189		241		—			107,659
Intercompany	2,337		613,329		—		(615,666		)	—
Total debt (net of discount and debt issuance costs)	1,321,777		5,635		—		—			1,327,412
Total liabilities	1,335,343		818,637		241		(615,666		)	1,538,555
Stockholders’ equity	682,440		805,231		2,836		(808,067		)	682,440
Total liabilities and stockholders’ equity	$	2,017,783	$	1,623,868	$	3,077	$	(1,423,733	)	$	2,220,995

Beazer Homes USA, Inc.

Consolidating Statements of Operations Information



in thousands	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2018
Total revenue	$	—		$	2,107,133		$	83		$	(83	)	$	2,107,133
Home construction and land sales expenses	91,132			1,664,570			—			(83		)	1,755,619
Inventory impairments and abandonments	1,961			4,538			—			—			6,499
Gross (loss) profit	(93,093		)	438,025			83			—			345,015
Commissions	—			81,002			—			—			81,002
General and administrative expenses	—			168,536			122			—			168,658
Depreciation and amortization	—			13,807			—			—			13,807
Operating (loss) income	(93,093		)	174,680			(39		)	—			81,548
Equity in income of unconsolidated entities	—			34			—			—			34
Loss on extinguishment of debt	(27,839		)	—			—			—			(27,839		)
Other (expense) income, net	(5,323		)	1,046			(28		)	—			(4,305		)
(Loss) income before income taxes	(126,255		)	175,760			(67		)	—			49,438
(Benefit) expense from income taxes	(93,714		)	188,217			(19		)	—			94,484
Equity in loss of subsidiaries	(12,505		)	—			—			12,505			—
Loss from continuing operations	(45,046		)	(12,457		)	(48		)	12,505			(45,046		)
Loss from discontinued operations, net of tax	—			(312		)	(17		)	—			(329		)
Equity in loss of subsidiaries	(329		)	—			—			329			—
Net loss	$	(45,375	)	$	(12,769	)	$	(65	)	$	12,834		$	(45,375	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2017
Total revenue	$	—		$	1,916,278		$	107		$	(107	)	$	1,916,278
Home construction and land sales expenses	88,764			1,512,312			—			(107		)	1,600,969
Inventory impairments and abandonments	56			2,389			—			—			2,445
Gross (loss) profit	(88,820		)	401,577			107			—			312,864
Commissions	—			74,811			—			—			74,811
General and administrative expenses	—			161,804			102			—			161,906
Depreciation and amortization	—			14,009			—			—			14,009
Operating (loss) income	(88,820		)	150,953			5			—			62,138
Equity in income of unconsolidated entities	—			371			—			—			371
Loss on extinguishment of debt	(12,630		)	—			—			—			(12,630		)
Other (expense) income, net	(15,635		)	429			(24		)	—			(15,230		)
(Loss) income before income taxes	(117,085		)	151,753			(19		)	—			34,649
(Benefit) expense from income taxes	(42,564		)	45,266			(6		)	—			2,696
Equity in income of subsidiaries	106,474			—			—			(106,474		)	—
Income (loss) from continuing operations	31,953			106,487			(13		)	(106,474		)	31,953
Loss from discontinued operations, net of tax	—			(115		)	(25		)	—			(140		)
Equity in loss of subsidiaries	(140		)	—			—			140			—
Net income (loss)	$	31,813		$	106,372		$	(38	)	$	(106,334	)	$	31,813

Beazer Homes USA, Inc.

Consolidating Statements of Operations Information



in thousands	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2016
Total revenue	$	—		$	1,822,114		$	156		$	(156	)	$	1,822,114
Home construction and land sales expenses	77,941			1,431,840			—			(156		)	1,509,625
Inventory impairments and abandonments	710			14,572			—			—			15,282
Gross (loss) profit	(78,651		)	375,702			156			—			297,207
Commissions	—			70,460			—			—			70,460
General and administrative expenses	—			153,524			104			—			153,628
Depreciation and amortization	—			13,794			—			—			13,794
Operating (loss) income	(78,651		)	137,924			52			—			59,325
Equity in income of unconsolidated entities	—			131			—			—			131
Loss on extinguishment of debt	(13,423		)	—			—			—			(13,423		)
Other (expense) income, net	(25,388		)	1,061			(3		)	—			(24,330		)
(Loss) income before income taxes	(117,462		)	139,116			49			—			21,703
(Benefit) expense from income taxes	(70,126		)	86,605			19			—			16,498
Equity in income of subsidiaries	52,541			—			—			(52,541		)	—
Income from continuing operations	5,205			52,511			30			(52,541		)	5,205
Loss from discontinued operations, net of tax	—			(503		)	(9		)	—			(512		)
Equity in loss of subsidiaries	(512		)	—			—			512			—
Net income	$	4,693		$	52,008		$	21		$	(52,029	)	$	4,693

Beazer Homes USA, Inc.

Condensed 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, 2018
Net cash (used in) provided by operating activities	$	(25,713	)	$	56,153		$	(152	)	$	—		$	30,288
Cash flows from investing activities:
Capital expenditures	—			(17,020		)	—			—			(17,020		)
Proceeds from sale of fixed assets	—			370			—			—			370
Cash used for business acquisition, net of cash acquired	—			(57,253		)	—			—			(57,253		)
Investments in unconsolidated entities	—			(421		)	—			—			(421		)
Return of capital from unconsolidated entities	—			176			—			—			176
Advances to/from subsidiaries	(56,182		)	—			3			56,179			—
Net cash (used in) provided by investing activities	(56,182		)	(74,148		)	3			56,179			(74,148		)
Cash flows from financing activities:
Repayment of debt	(497,915		)	—			—			—			(497,915		)
Proceeds from issuance of new debt	400,000			—			—			—			400,000
Repayment of borrowing from credit facility	(225,000		)	—			—			—			(225,000		)
Borrowing from credit facility	225,000			—			—			—			225,000
Debt issuance costs	(6,272		)	—			—			—			(6,272		)
Other financing activities	(3,314		)	—			—			—			(3,314		)
Advances to/from subsidiaries	—			49,018			—			(49,018		)	—
Net cash (used in) provided by financing activities	(107,501		)	49,018			—			(49,018		)	(107,501		)
(Decrease) increase in cash and cash equivalents	(189,396		)	31,023			(149		)	7,161			(151,361		)
Cash, cash equivalents and restricted cash at beginning of period	294,191			16,855			724			(7,161		)	304,609
Cash, cash equivalents and restricted cash at end of period	$	104,795		$	47,878		$	575		$	—		$	153,248

Beazer Homes USA, Inc.

Condensed 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, 2017
Net cash (used in) provided by operating activities	$	(74,046	)	$	170,129		$	(174	)	$	—		$	95,909
Cash flows from investing activities:
Capital expenditures	—			(12,440		)	—			—			(12,440		)
Proceeds from sale of fixed assets	—			297			—			—			297
Investments in unconsolidated entities	—			(3,261		)	—			—			(3,261		)
Return of capital from unconsolidated entities	—			1,621			—			—			1,621
Advances to/from subsidiaries	148,081			—			39			(148,120		)	—
Net cash provided by (used in) investing activities	148,081			(13,783		)	39			(148,120		)	(13,783		)
Cash flows from financing activities:
Repayment of debt	(253,046		)	(12,437		)	—			—			(265,483		)
Proceeds from issuance of new debt	250,000			—			—			—			250,000
Repayment of borrowing from credit facility	(25,000		)	—			—			—			(25,000		)
Borrowing from credit facility	25,000			—			—			—			25,000
Debt issuance costs	(4,919		)	—			—			—			(4,919		)
Other financing activities	(391		)	—			—			—			(391		)
Advances to/from subsidiaries	—			(145,459		)				145,459			—
Net cash used in financing activities	(8,356		)	(157,896		)	—			145,459			(20,793		)
Increase (decrease) in cash and cash equivalents	65,679			(1,550		)	(135		)	(2,661		)	61,333
Cash, cash equivalents and restricted cash at beginning of period	228,512			18,405			859			(4,500		)	243,276
Cash, cash equivalents and restricted cash at end of period	$	294,191		$	16,855		$	724		$	(7,161	)	$	304,609

Fiscal Year Ended September 30, 2016
Net cash (used in) provided by operating activities	$	(56,218	)	$	219,401		$	(158	)	$	—		$	163,025
Cash flows from investing activities:
Capital expenditures	—			(12,219		)	—			—			(12,219		)
Proceeds from sale of fixed assets	—			2,624			—			—			2,624
Investments in unconsolidated entities	—			(4,241		)	—			—			(4,241		)
Return of capital from unconsolidated entities	—			1,142			—			—			1,142
Advances to/from subsidiaries	203,690			—			11			(203,701		)	—
Net cash provided by (used in) investing activities	203,690			(12,694		)	11			(203,701		)	(12,694		)
Cash flows from financing activities:
Repayment of debt	(819,044		)	(9,177		)	—			—			(828,221		)
Proceeds from issuance of new debt	642,150			—			—			—			642,150
Borrowing from credit facility	90,000			—			—			—			90,000
Repayment of borrowing from credit facility	(90,000		)	—			—			—			(90,000		)
Debt issuance costs	(11,246		)	—			—			—			(11,246		)
Other financing activities	(222		)	—			—			—			(222		)
Advances to/from subsidiaries	—			(202,393		)	—			202,393			—
Net cash used in financing activities	(188,362		)	(211,570		)	—			202,393			(197,539		)
Decrease in cash and cash equivalents	(40,890		)	(4,863		)	(147		)	(1,308		)	(47,208		)
Cash, cash equivalents and restricted cash at beginning of period	269,402			23,268			1,006			(3,192		)	290,484
Cash, cash equivalents and restricted cash at end of period	$	228,512		$	18,405		$	859		$	(4,500	)	$	243,276

Discontinued Operations

12 Months Ended

Sep. 30, 2018

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. 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, the results of our New Jersey division are not included in the discontinued operations information shown below.

We have classified the results of operations of our discontinued operations separately in the accompanying consolidated statements of operations for all periods presented. There were no material assets or liabilities related to our discontinued operations as of September 30, 2018 or September 30, 2017. Discontinued operations were not segregated in the consolidated statements of cash flows. Therefore, amounts for certain captions in the consolidated statements of cash flows will not agree with the respective data in the consolidated statements of operations. The results of our discontinued operations in the consolidated statements of operations for the periods presented were as follows:



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Total revenue	$	633		$	—		$	—
Home construction and land sales expenses	612			72			668
Inventory impairments and abandonments	450			—			—
Gross loss	(429		)	(72		)	(668		)
General and administrative expenses	101			169			137
Operating loss	(530		)	(241		)	(805		)
Equity in income of unconsolidated entities	93			31			12
Other (expense) income, net	(4		)	(5		)	6
Loss from discontinued operations before income taxes	(441		)	(215		)	(787		)
Benefit from income taxes	(112		)	(75		)	(275		)
Loss from discontinued operations, net of tax	$	(329	)	$	(140	)	$	(512	)

Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Sep. 30, 2018

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 2018	December 31			March 31			June 30		September 30
Total revenue	$	372,489		$	455,178		$	511,521	$	767,945
Gross profit ^(a)	60,829			75,077			83,244		125,865
Operating income	6,681			13,825			17,580		43,462
Net (loss) income from continuing operations ^(b)	(130,575		)	11,616			13,429		60,484
Basic EPS from continuing operations ^(c)	$	(4.07	)	$	0.36		$	0.42	$	1.88
Diluted EPS from continuing operations ^(c)	$	(4.07	)	$	0.36		$	0.41	$	1.83

Fiscal 2017
Total revenue	$	339,241		$	425,468		$	478,588	$	672,981
Gross profit ^(a)	53,663			67,398			78,443		113,360
Operating income	1,275			7,511			15,569		37,783
Net (loss) income from continuing operations ^(b)	(1,359		)	(7,495		)	7,114		33,693
Basic EPS from continuing operations ^(c)	$	(0.04	)	$	(0.23	)	$	0.22	$	1.05
Diluted EPS from continuing operations ^(c)	$	(0.04	)	$	(0.23	)	$	0.22	$	1.03


^(a)	Gross profit in fiscal 2018 and 2017 includes inventory impairment and abandonments as follows:



(In thousands)	Fiscal 2018		Fiscal 2017
1st Quarter	$	—	$	—
2nd Quarter	—		282
3rd Quarter	168		470
4th Quarter	6,331		1,693
	$	6,499	$	2,445

^(b)Net (loss) income from continuing operations in fiscal 2018 and 2017 includes (loss) gain on extinguishment of debt as follows:



(In thousands)	Fiscal 2018			Fiscal 2017
1st Quarter	$	(25,904	)	$	—
2nd Quarter	—			(15,563		)
3rd Quarter	—			—
4th Quarter	(1,935		)	2,933
	$	(27,839	)	$	(12,630	)

^(c)Amounts shown above for EPS for the quarterly periods are calculated separately from the full fiscal year amounts. Accordingly, quarterly amounts will not add to the respective annual amount.

Subsequent Event	12 Months Ended
Subsequent Event	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Event	Subsequent Events On October 1, 2018, the Company executed a Fifth Amendment to the Facility. The Fifth Amendment extended the termination date of the Facility from February 15, 2020 to February 15, 2021, increased the maximum aggregate amount of commitments under the Facility (including borrowings and letters of credit) from $200.0 million to $210.0 million, and reduced the applicable margin by 50 basis points at each level. On November 7, 2018, the Company’s Board of Directors approved a share repurchase program that authorizes the Company to repurchase up to $50.0 million of its outstanding common stock. Under the share repurchase program, the Company intends to initially purchase approximately $16.5 million of its outstanding shares pursuant to an accelerated share repurchase program (ASR). Upon completion of the ASR, the Company may execute the remaining portion of its repurchase program from time to time on the open-market, through privately negotiated transactions, or otherwise. Repurchases of such shares may be made under a Rule 10b5-1 plan, which would permit repurchases when the Company might otherwise be precluded from doing so under insider trading laws. The timing and amount of repurchase transactions is subject to the Company’s discretion and will depend on a variety of factors, including market and business conditions, compliance with the Company’s debt agreements, and other considerations. The Company expects to fund repurchases under the share repurchase program with cash on hand and cash generated from operations. Once the ASR has been completed, the Company is not obligated to acquire any particular number of shares remaining under its repurchase program and the program may be suspended or discontinued at any time.

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

12 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

Use of Estimates

Business Combinations

Cash and Cash Equivalents and Restricted Cash

Accounts Receivables

Accounts Receivable

Inventory

Inventory Valuation - Projects in Progress

Asset Valuation - Land Held for Future Development and Sale

Asset Valuation - Land Held for Future Development

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.

Land Not Owned Under Option Agreements

Investments in Unconsolidated Entities and Marketable Securities

Investments in Unconsolidated Entities

Property and Equipment

Our 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
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 life of the community
Leasehold improvements		Lesser of the lease term or the estimated useful life of the asset

Other Assets

Our other assets principally include prepaid expenses and assets related to our deferred compensation plan (refer to Note 15 for a discussion of our deferred compensation plan).

Other Liabilities

Income Taxes

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 by us 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.

Fair Value Measurements

Stock-Based Compensation

Recent Accounting Pronouncements

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

12 Months Ended

Sep. 30, 2018

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
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 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, 2018 and September 30, 2017:



(In thousands)	September 30, 2018			September 30, 2017
Model furnishings and sales office improvements	$	28,311		$	28,589
Information systems	13,183			14,326
Furniture, fixtures and office equipment	9,332			10,971
Leasehold improvements	4,388			3,698
Property and equipment, gross	55,214			57,584
Less: Accumulated Depreciation	(34,371		)	(40,018		)
Property and equipment, net	$	20,843		$	17,566

Supplemental Cash Flow Information (Tables)

12 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Supplemental disclosure of non-cash activity



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Supplemental disclosure of non-cash activity:
Non-cash land acquisitions ^(a)	$	—	$	14,651	$	8,265
Supplemental disclosure of cash activity:
Interest payments ^(b)	$	95,857	$	100,125	$	131,730
Income tax payments	607		1,616		1,420
Tax refunds received	162		351		201
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$	139,805	$	292,147	$	228,871
Restricted cash	13,443		12,462		14,405
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	153,248	$	304,609	$	243,276

^(b)Elevated interest payments made during our fiscal 2016 were due to early redemption of certain of our outstanding debt obligations; refer to Note 8.

Investments in Unconsolidated Entities and Marketable Securities (Tables)

12 Months Ended

Sep. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Investments in unconsolidated joint ventures, total equity and outstanding borrowings

The following table presents the Company's investment in these unconsolidated entities as well as the total equity and outstanding borrowings of these unconsolidated entities as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018		September 30, 2017
Beazer’s investment in unconsolidated entities	$	4,035	$	3,994
Total equity of unconsolidated entities	10,113		11,811
Total outstanding borrowings of unconsolidated entities	12,266		15,797

Equity in income from unconsolidated entity activities included in income from continuing operations is as follows for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018			2017		2016
Income from unconsolidated entity activity	$	375		$	371	$	131
Impairment of unconsolidated entity investment	(341		)	—		—
Total equity in income of unconsolidated entities	$	34		$	371	$	131

Inventory (Tables)

12 Months Ended

Sep. 30, 2018

Real Estate [Abstract]

Schedule of inventory

The components of our owned inventory are as follows as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018		September 30, 2017
Homes under construction	$	476,752	$	419,312
Development projects in progress	907,793		785,777
Land held for future development	83,173		112,565
Land held for sale	7,781		17,759
Capitalized interest	144,645		139,203
Model homes	72,140		68,191
Total owned inventory	$	1,692,284	$	1,542,807

Schedule of total inventory by segment

Total owned inventory by reportable segment is presented in the table below as of September 30, 2018 and September 30, 2017:



(In thousands)	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
September 30, 2018
West Segment	$	763,453	$	58,125	$	—	$	821,578
East Segment	280,761		14,077		4,580		299,418
Southeast Segment	358,126		10,971		3,177		372,274
Corporate and unallocated ^(b)	198,990		—		24		199,014
Total	$	1,601,330	$	83,173	$	7,781	$	1,692,284
September 30, 2017
West Segment	$	673,828	$	87,231	$	3,848	$	764,907
East Segment	250,002		14,391		11,578		275,971
Southeast Segment	301,268		10,943		1,233		313,444
Corporate and unallocated ^(b)	187,385		—		1,100		188,485
Total	$	1,412,483	$	112,565	$	17,759	$	1,542,807

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

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 ^(b)	Number of Communities ^(c)	Pre-analysis Book Value (BV)		Aggregate Undiscounted Cash Flow as a % of BV ^(d)
Year Ended September 30, 2018
West	2	—	$	—	—	%
Southeast	2	2	4,360		99.0	%
Corporate and unallocated ^(e)	—	—	1,307		N/A ^(f)
Total	4	2	$	5,667
Year Ended September 30, 2017
West	4	2	$	15,801	94.4	%
Southeast	2	—	—		—	%
Corporate and unallocated ^(e)	—	—	3,337		N/A ^(f)
Total	6	2	$	19,138

^(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)Number of communities in this column excludes communities that are closing out and have less than ten closings remaining.

^(d)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.

^(f)N/A - not applicable.

Summary of discounted cash flow analysis

The following table presents, by reportable segment, details of the impairment charges taken on projects in progress for the periods presented:



($ 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 time of Impairment
Year Ended September 30, 2018
Southeast	1	25	$	793	$	1,312
Corporate and unallocated ^(a)	—	—	212		—
Total	1	25	$	1,005	$	1,312
Year Ended September 30, 2017
West	1	46	$	1,625	$	3,791
Corporate and unallocated ^(a)	—	—	68		—
Total	1	46	$	1,693	$	3,791
Year Ended September 30, 2016
West	2	213	$	6,729	$	16,345
East	1	78	5,894		18,073
Corporate and unallocated ^(a)	—	—	1,101		—
Total	3	291	$	13,724	$	34,418

^(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.

Quantitative unobservable inputs for inventory impairment

The following table presents the ranges or values of significant quantitative unobservable inputs we used in determining the fair value of the communities we impaired during the periods presented:



	Fiscal Year Ended September 30,
Unobservable Inputs	2018			2017
Average selling price (in thousands)	$	356		$	405
Closings per community per month	1 - 6			1 - 4
Discount rate	15.11		%	12.83%

Schedule of inventory impairments and lot option abandonment charges,

The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Projects in Progress:
West	$	—	$	1,625	$	6,729
East	—		—		5,894
Southeast	793		—		—
Corporate and unallocated ^(a)	212		68		1,101
Total impairment charges on projects in progress	$	1,005	$	1,693	$	13,724
Land Held for Sale:
West	$	—	$	94	$	119
East	168		470		280
Southeast	3,218		—		371
Corporate and unallocated ^(a)	2,108		—		—
Total impairment charges on land held for sale	$	5,494	$	564	$	770
Abandonments:
East	$	—	$	188	$	—
Southeast	—		—		788
Total abandonments charges	$	—	$	188	$	788
Total continuing operations	$	6,499	$	2,445	$	15,282
Discontinued Operations:
Land Held for Sale	$	450	$	—	$	—
Total discontinued operations	$	450	$	—	$	—
Total impairment and abandonment charges	$	6,949	$	2,445	$	15,282

^(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.

Summary of interests in lot option agreements

The following table provides a summary of our interests in lot option agreements as of September 30, 2018 and September 30, 2017:



(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation
As of September 30, 2018
Unconsolidated lot option agreements	$	72,191	$	383,150
As of September 30, 2017
Unconsolidated lot option agreements	$	91,854	$	408,300

Interest (Tables)

12 Months Ended

Sep. 30, 2018

Real Estate Inventory Capitalized Interest Costs [Abstract]

Summary of capitalized interest costs

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Capitalized interest in inventory, beginning of period	$	139,203		$	138,108		$	123,457
Interest incurred	103,880			105,551			119,360
Capitalized interest impaired	(1,961		)	(56		)	(710		)
Interest expense not qualified for capitalization and included as other expense ^(a)	(5,325		)	(15,636		)	(25,388		)
Capitalized interest amortized to home construction and land sales expenses ^(b)	(91,152		)	(88,764		)	(78,611		)
Capitalized interest in inventory, end of period	$	144,645		$	139,203		$	138,108

^(b)Capitalized interest amortized to home 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, 2018

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
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 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, 2018 and September 30, 2017:



(In thousands)	September 30, 2018			September 30, 2017
Model furnishings and sales office improvements	$	28,311		$	28,589
Information systems	13,183			14,326
Furniture, fixtures and office equipment	9,332			10,971
Leasehold improvements	4,388			3,698
Property and equipment, gross	55,214			57,584
Less: Accumulated Depreciation	(34,371		)	(40,018		)
Property and equipment, net	$	20,843		$	17,566

Borrowings (Tables)

12 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt

As of September 30, 2018 and September 30, 2017, we had the following debt, net of premium/discounts and unamortized debt issuance costs:



(In thousands)	Maturity Date	September 30, 2018			September 30, 2017
5 3/4% Senior Notes	June 2019	$	—		$	321,393
8 3/4% Senior Notes	March 2022	500,000			500,000
7 1/4% Senior Notes	February 2023	24,834			199,834
6 3/4% Senior Notes	March 2025	250,000			250,000
5 7/8% Senior Notes	October 2027	400,000			—
Unamortized debt premium, net		2,640			3,413
Unamortized debt issuance costs		(14,336		)	(14,800		)
Total Senior Notes, net		1,163,138			1,259,840
Junior Subordinated Notes (net of unamortized accretion of $36,770 and $38,837, respectively)	July 2036	64,003			61,937
Other Secured Notes Payable	Various Dates	4,113			5,635
Total debt, net		$	1,231,254		$	1,327,412

Schedule of maturities of long-term debt

As of September 30, 2018, the future maturities of our borrowings were as follows:



Fiscal Year Ended September 30,
(In thousands)
2019	$	4,087
2020	—
2021	—
2022	500,000
2023	24,834
Thereafter	750,773
Total	$	1,279,694

Debt instrument redemption

For additional redemption features, refer to the table below that summarizes the redemption terms for our Senior Notes:



Senior Note Description	Issuance Date	Maturity Date	Redemption Terms
8 3/4% Senior Notes	September 2016	March 2022	Callable 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; on or after March 15, 2019, callable at a redemption price equal to 104.375% of the principal amount; on or after March 15, 2020, callable at a redemption price equal to 102.188% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 100% of the principal amount plus, in each case, accrued and unpaid interest
7 1/4% Senior Notes	February 2013	February 2023	Callable at any time on or after February 1, 2018 at a redemption price equal to 103.625% of the principal amount; on or after February 1, 2019, callable at a redemption price equal to 102.417% of the principal amount; on or after February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount; on or after February 1, 2021, callable at 100% of the principal amount plus, in each case, accrued and unpaid interest
6 3/4% Senior Notes	March 2017	March 2025	Callable at any time prior to March 15, 2020, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after March 15, 2020, callable at a redemption price equal to 105.063% of the principal amount; on or after March 15, 2021, callable at a redemption price equal to 103.375% of the principal amount; on or after March 15, 2022, callable at a redemption price equal to 101.688% of the principal amount; on or after March 15, 2023, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest
5 7/8% Senior Notes	October 2017	October 2027	Callable at any time prior to October 15, 2022, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; on or after October 15, 2022, callable at a redemption price equal to 102.938% of the principal amount; on or after October 15, 2023, callable at a redemption price equal to 101.958% of the principal amount; on or after October 15, 2024, callable at a redemption price equal to 100.979% of the principal amount; on or after October 15, 2025, callable at a redemption price equal to 100% of the principal amount, plus, in each case, accrued and unpaid interest

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
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-Section S99
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Contingencies (Tables)

12 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Warranty reserves

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Balance at beginning of period	$	18,091		$	39,131		$	27,681
Accruals for warranties issued ^(a)	13,755			14,215			13,835
Changes in liability related to warranties existing in prior periods ^(b)	(2,401		)	4,807			53,109
Payments made ^(b)	(14,114		)	(40,062		)	(55,494		)
Balance at end of period	$	15,331		$	18,091		$	39,131

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

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

These balances represent only those assets whose carrying values were adjusted to fair value during the periods presented:



(In thousands)	Level 1		Level 2		Level 3			Total
Year Ended September 30, 2018
Deferred compensation plan assets ^(a)	$	—	$	1,578	$	—		$	1,578
Development projects in progress^(b)	—		—		1,312		^(c)	1,312
Land held for sale ^(b)	—		—		1,724		^(c)	1,724
Unconsolidated entity investments ^(b)	—		—		80			80
Year Ended September 30, 2017
Deferred compensation plan assets ^(a)	$	—	$	1,114	$	—		$	1,114
Development projects in progress ^(b)	—		—		3,791		^(c)	3,791
Land held for sale ^(b)	—		—		325		^(c)	325
Year Ended September 30, 2016
Deferred compensation plan assets ^(a)	$	—	$	765	$	—		$	765
Development projects in progress ^(b)	—		—		34,418		^(c)	34,418
Land held for sale ^(b)	—		—		19,973			19,973

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

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

^(c)Amount represents the impairment-date fair value of the development projects in progress and land held for sale assets that were impaired during the periods indicated.

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

The following table presents the carrying value and estimated fair value of certain of our other financial liabilities as of September 30, 2018 and September 30, 2017:



	As of September 30, 2018				As of September 30, 2017
(In thousands)	Carrying Amount ^(a)		Fair Value		Carrying Amount ^(a)		Fair Value
Senior Notes ^(b)	$	1,163,138	$	1,096,214	$	1,259,840	$	1,355,657
Junior Subordinated Notes	64,003		64,003		61,937		61,937
Total	$	1,227,141	$	1,160,217	$	1,321,777	$	1,417,594

^(a) Carrying amounts are net of unamortized debt premium/discounts, debt issuance costs or accretion.

^(b) The estimated fair value for our publicly-held Senior Notes has been determined using quoted market rates (Level 2).

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017		2016
Current federal	$	57		$	—	$	—
Current state	512			859		595
Deferred federal ^(a)	102,082			1,625		5,574
Deferred state ^{(a) (b)}	(8,167		)	212		10,329
Total	$	94,484		$	2,696	$	16,498

Schedule of effective income tax rate reconciliation

The expense 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)	2018			2017			2016
Income tax computed at statutory rate	$	12,112		$	12,052		$	7,596
State income taxes, net of federal benefit	111			1,287			4,974
Deferred rate change	110,071			—			(678		)
(Decrease) increase in valuation allowance - other ^{(a) (b) (c)}	(27,370		)	(3,482		)	6,457
Changes for uncertain tax positions	598			(685		)	(40		)
Stock based compensation	—			741			—
Permanent differences	2,133			496			400
Tax credits	(3,174		)	(7,460		)	(2,134		)
Other, net	3			(253		)	(77		)
Total	$	94,484		$	2,696		$	16,498

Schedule of deferred tax assets and liabilities

The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows as of September 30, 2018 and September 30, 2017:



(In thousands)	September 30, 2018			September 30, 2017
Deferred tax assets:
Federal and state tax carryforwards	$	196,702		$	293,298
Inventory adjustments	29,565			59,507
Incentive compensation	11,959			19,043
Warranty and other reserves	6,350			6,140
Property, equipment and other assets	2,123			3,247
Other	734			1,785
Uncertain tax positions	734			1,332
Total deferred tax assets	248,167			384,352
Deferred tax liabilities:
Deferred revenues	—			(11,297		)
Total deferred tax liabilities	—			(11,297		)
Net deferred tax assets before valuation allowance	248,167			373,055
Valuation allowance ^(a)	(34,212		)	(65,159		)
Net deferred tax assets	$	213,955		$	307,896

Schedule of unrecognized tax benefits roll forward

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Balance at beginning of year	$	3,804		$	4,541		$	4,721
Additions for (reductions in) tax positions related to current year	—			61			(180		)
Additions for tax positions related to prior years	—			2,611			—
Reductions in tax positions of prior years	—			(2,273		)	—
Lapse of statute of limitations	(310		)	(1,136		)	—
Balance at end of year	$	3,494		$	3,804		$	4,541

Stock-based Compensation (Tables)

12 Months Ended

Sep. 30, 2018

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

Summary of 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 thousands)	2018			2017			2016
Stock options expense	$	225		$	274		$	534
Restricted stock awards expense	10,033			7,885			7,425
Before tax stock-based compensation expense	10,258			8,159			7,959
Tax benefit	(2,622		)	(2,917		)	(2,832		)
After tax stock-based compensation expense	$	7,636		$	5,242		$	5,127

Schedule of assumptions for stock option activity



	Fiscal Year Ended September 30,
	2018			2017			2016
Expected volatility	21.1% - 61.2%			32.6% - 66.0%			29.9% - 151.2%
Risk-free interest rate	1.81		%	1.30		%	1.21		%
Dividend yield	—			—			—
Grant-date stock price	$	20.50		$	12.51		$	14.24

We used the following valuation assumptions for stock options granted for the periods presented:



	Fiscal Year Ended September 30,
	2018			2017			2016
Expected life of options	5.0 years			5.4 years			4.9 years
Expected volatility	44.71		%	50.10		%	46.49		%
Expected dividends	—			—			—
Weighted-average risk-free interest rate	2.10		%	1.85		%	1.36		%
Weighted-average fair value	$	8.30		$	5.83		$	4.03

Schedule of stock options and SSARs outstanding

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



	2018				2017				2016
	Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price		Shares		Weighted- Average Exercise Price
Outstanding at beginning of period	593,753		$	14.76	672,669		$	16.49	643,907		$	18.13
Granted	25,230		19.99		29,410		12.50		125,449		9.19
Exercised	(8,411	)	7.52		(2,313	)	10.80		—		—
Expired	(61,967	)	23.19		(84,976	)	28.45		(86,606	)	19.70
Cancelled	—		—		(480	)	23.65		—		—
Forfeited	(15,553	)	10.46		(20,557	)	11.97		(10,081	)	10.98
Outstanding at end of period	533,052		$	14.26	593,753		$	14.76	672,669		$	16.49
Exercisable at end of period	479,538		$	14.03	476,606		$	15.91	503,594		$	17.76
Vested or expected to vest in the future	533,052		$	14.26	585,186		$	14.83	672,669		$	16.49

Schedule of stock options and SSARS outstanding and exercisable

The following table summarizes information about stock options outstanding and exercisable as of September 30, 2018:



	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 - $10	152,004	2.6	$	9.77	152,004	2.6	$	9.77
$11 - $15	207,451	3.2	13.33		177,617	2.7	13.37
$16 - $20	173,597	3.7	19.30		149,917	3.1	19.12
$1 - $20	533,052	3.2	$	14.26	479,538	2.8	$	14.03

Schedule of stock options exercised and vested

Information pertaining to the intrinsic value of options exercised and the fair market value of options that vested is below:



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Intrinsic value of options exercised	$	76	$	13	$	—
Fair market value of options vested	$	296	$	482	$	681

Schedule of nonvested stock awards and performance shares

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



	Year Ended September 30, 2018
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	668,766		$	15.72	872,181		$	16.47	1,540,947		$	16.15
Granted	165,085		22.40		277,165		18.98		442,250		20.26
Vested	—		—		(690,922	)	17.38		(690,922	)	17.38
Forfeited	(189,066	)	18.98		(26,641	)	17.02		(215,707	)	18.74
End of period	644,785		$	16.47	431,783		$	16.60	1,076,568		$	16.53



	Year Ended September 30, 2017
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	448,693		$	16.71	807,124		$	17.52	1,255,817		$	17.23
Granted	263,696		13.60		271,855		12.50		535,551		13.04
Vested	—		—		(189,029	)	15.52		(189,029	)	15.52
Forfeited	(43,623	)	13.11		(17,769	)	14.08		(61,392	)	13.39
End of period	668,766		$	15.72	872,181		$	16.47	1,540,947		$	16.15



	Year Ended September 30, 2016
	Performance-Based				Time-Based				Total
	Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value		Shares		Weighted- Average Grant Date Fair Value
Beginning of period	252,022		$	16.34	704,261		$	18.97	956,283		$	18.27
Granted	231,624		15.43		259,819		14.04		491,443		14.69
Vested	—		—		(127,993	)	18.58		(127,993	)	18.58
Forfeited	(34,953	)	5.51		(28,963	)	16.78		(63,916	)	10.62
End of period	448,693		$	16.71	807,124		$	17.52	1,255,817		$	17.23

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

the periods presented:



	Fiscal Year Ended September 30,
(In thousands, except per share data)	2018			2017			2016
Numerator:
(Loss) income from continuing operations	$	(45,046	)	$	31,953		$	5,205
Loss from discontinued operations, net of tax	(329		)	(140		)	(512		)
Net (loss) income	$	(45,375	)	$	31,813		$	4,693

Denominator:
Basic weighted-average shares	32,141			31,952			31,798
Dilutive effect of restricted stock awards	—			433			5
Dilutive effect of stock options	—			41			—
Diluted weighted-average shares ⁽¹⁾	32,141			32,426			31,803

Basic (loss) income per share:
Continuing operations	$	(1.40	)	$	1.00		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	1.00		$	0.15

Diluted (loss) income per share:
Continuing operations	$	(1.40	)	$	0.99		$	0.16
Discontinued operations	(0.01		)	—			(0.01		)
Total	$	(1.41	)	$	0.99		$	0.15

Schedule of antidilutive securities



	Fiscal Year Ended September 30,
(In thousands)	2018	2017	2016
Stock options	533	319	693
Time-based restricted stock	432	—	770
Performance-based restricted stock	645	—	—

Segment Information (Tables)

12 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Schedule of segment reporting information

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



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Capital Expenditures
West	$	8,152	$	7,086	$	6,570
East	2,234		2,474		2,441
Southeast	3,112		2,539		2,747
Corporate and unallocated	3,522		341		461
Total capital expenditures	$	17,020	$	12,440	$	12,219

The following table contains our asset balance by segment as of September 30, 2018 and 2017:



(In thousands)	September 30, 2018		September 30, 2017
Assets
West	$	835,230	$	779,964
East	335,474		298,532
Southeast	414,685		331,618
Corporate and unallocated ^(a)	542,713		810,881
Total assets	$	2,128,102	$	2,220,995

^(a)Primarily consists of cash and cash equivalents, restricted cash, deferred taxes, capitalized interest and indirects and other items that are not allocated to the segments.

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



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Revenue
West	$	1,014,803	$	853,230	$	827,907
East	524,563		551,422		526,949
Southeast	567,767		511,626		467,258
Total revenue	$	2,107,133	$	1,916,278	$	1,822,114



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Operating income ^(a)
West	$	142,310		$	110,600		$	99,835
East ^(b)	57,372			58,191			42,205
Southeast ^(c)	45,950			53,905			49,250
Segment total	245,632			222,696			191,290
Corporate and unallocated ^(d)	(164,084		)	(160,558		)	(131,965		)
Total operating income	$	81,548		$	62,138		$	59,325



	Fiscal Year Ended September 30,
(In thousands)	2018		2017		2016
Depreciation and amortization
West	$	7,062	$	7,207	$	6,086
East	2,619		2,927		3,173
Southeast	3,053		2,564		2,451
Segment total	12,734		12,698		11,710
Corporate and unallocated ^(d)	1,073		1,311		2,084
Total depreciation and amortization	$	13,807	$	14,009	$	13,794

^(a) Operating income is impacted by impairment and abandonment charges incurred during the periods presented (see Note 5).

Supplemental Guarantor Information (Tables)

12 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating balance sheet information



in thousands	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	93,875	$	45,355	$	575	$	—		$	139,805
Restricted cash	10,921		2,522		—		—			13,443
Accounts receivable (net of allowance of $378)	—		24,647		—		—			24,647
Income tax receivable	—		—		—		—			—
Owned inventory	—		1,692,284		—		—			1,692,284
Investments in unconsolidated entities	773		3,262		—		—			4,035
Deferred tax assets, net	213,955		—		—		—			213,955
Property and equipment, net	—		20,843		—		—			20,843
Investments in subsidiaries	645,086		—		—		(645,086		)	—
Intercompany	922,525		—		2,304		(924,829		)	—
Goodwill and other intangible assets, net	—		9,751		—		—			9,751
Other assets	694		8,626		19		—			9,339
Total assets	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	126,432	$	—	$	—		$	126,432
Other liabilities	14,357		111,906		126		—			126,389
Intercompany	2,304		922,525		—		(924,829		)	—
Total debt (net of premium/discount and debt issuance costs)	1,227,141		4,113		—		—			1,231,254
Total liabilities	1,243,802		1,164,976		126		(924,829		)	1,484,075
Stockholders’ equity	644,027		642,314		2,772		(645,086		)	644,027
Total liabilities and stockholders’ equity	$	1,887,829	$	1,807,290	$	2,898	$	(1,569,915	)	$	2,128,102



in thousands	Beazer Homes USA, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	$	283,191	$	15,393	$	724	$	(7,161	)	$	292,147
Restricted cash	11,001		1,461		—		—			12,462
Accounts receivable (net of allowance of $330)	—		36,322		1		—			36,323
Income tax receivable	88		—		—		—			88
Owned inventory	—		1,542,807		—		—			1,542,807
Investments in unconsolidated entities	773		3,221		—		—			3,994
Deferred tax assets, net	307,896		—		—		—			307,896
Property and equipment, net	—		17,566		—		—			17,566
Investments in subsidiaries	808,067		—		—		(808,067		)	—
Intercompany	606,168		—		2,337		(608,505		)	—
Other assets	599		7,098		15		—			7,712
Total assets	$	2,017,783	$	1,623,868	$	3,077	$	(1,423,733	)	$	2,220,995
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	$	—	$	103,484	$	—	$	—		$	103,484
Other liabilities	11,229		96,189		241		—			107,659
Intercompany	2,337		613,329		—		(615,666		)	—
Total debt (net of discount and debt issuance costs)	1,321,777		5,635		—		—			1,327,412
Total liabilities	1,335,343		818,637		241		(615,666		)	1,538,555
Stockholders’ equity	682,440		805,231		2,836		(808,067		)	682,440
Total liabilities and stockholders’ equity	$	2,017,783	$	1,623,868	$	3,077	$	(1,423,733	)	$	2,220,995

Consolidating statement of operations information



in thousands	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2018
Total revenue	$	—		$	2,107,133		$	83		$	(83	)	$	2,107,133
Home construction and land sales expenses	91,132			1,664,570			—			(83		)	1,755,619
Inventory impairments and abandonments	1,961			4,538			—			—			6,499
Gross (loss) profit	(93,093		)	438,025			83			—			345,015
Commissions	—			81,002			—			—			81,002
General and administrative expenses	—			168,536			122			—			168,658
Depreciation and amortization	—			13,807			—			—			13,807
Operating (loss) income	(93,093		)	174,680			(39		)	—			81,548
Equity in income of unconsolidated entities	—			34			—			—			34
Loss on extinguishment of debt	(27,839		)	—			—			—			(27,839		)
Other (expense) income, net	(5,323		)	1,046			(28		)	—			(4,305		)
(Loss) income before income taxes	(126,255		)	175,760			(67		)	—			49,438
(Benefit) expense from income taxes	(93,714		)	188,217			(19		)	—			94,484
Equity in loss of subsidiaries	(12,505		)	—			—			12,505			—
Loss from continuing operations	(45,046		)	(12,457		)	(48		)	12,505			(45,046		)
Loss from discontinued operations, net of tax	—			(312		)	(17		)	—			(329		)
Equity in loss of subsidiaries	(329		)	—			—			329			—
Net loss	$	(45,375	)	$	(12,769	)	$	(65	)	$	12,834		$	(45,375	)
	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2017
Total revenue	$	—		$	1,916,278		$	107		$	(107	)	$	1,916,278
Home construction and land sales expenses	88,764			1,512,312			—			(107		)	1,600,969
Inventory impairments and abandonments	56			2,389			—			—			2,445
Gross (loss) profit	(88,820		)	401,577			107			—			312,864
Commissions	—			74,811			—			—			74,811
General and administrative expenses	—			161,804			102			—			161,906
Depreciation and amortization	—			14,009			—			—			14,009
Operating (loss) income	(88,820		)	150,953			5			—			62,138
Equity in income of unconsolidated entities	—			371			—			—			371
Loss on extinguishment of debt	(12,630		)	—			—			—			(12,630		)
Other (expense) income, net	(15,635		)	429			(24		)	—			(15,230		)
(Loss) income before income taxes	(117,085		)	151,753			(19		)	—			34,649
(Benefit) expense from income taxes	(42,564		)	45,266			(6		)	—			2,696
Equity in income of subsidiaries	106,474			—			—			(106,474		)	—
Income (loss) from continuing operations	31,953			106,487			(13		)	(106,474		)	31,953
Loss from discontinued operations, net of tax	—			(115		)	(25		)	—			(140		)
Equity in loss of subsidiaries	(140		)	—			—			140			—
Net income (loss)	$	31,813		$	106,372		$	(38	)	$	(106,334	)	$	31,813

Beazer Homes USA, Inc.

Consolidating Statements of Operations Information



in thousands	Beazer Homes USA, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated Beazer Homes USA, Inc.
Fiscal Year Ended September 30, 2016
Total revenue	$	—		$	1,822,114		$	156		$	(156	)	$	1,822,114
Home construction and land sales expenses	77,941			1,431,840			—			(156		)	1,509,625
Inventory impairments and abandonments	710			14,572			—			—			15,282
Gross (loss) profit	(78,651		)	375,702			156			—			297,207
Commissions	—			70,460			—			—			70,460
General and administrative expenses	—			153,524			104			—			153,628
Depreciation and amortization	—			13,794			—			—			13,794
Operating (loss) income	(78,651		)	137,924			52			—			59,325
Equity in income of unconsolidated entities	—			131			—			—			131
Loss on extinguishment of debt	(13,423		)	—			—			—			(13,423		)
Other (expense) income, net	(25,388		)	1,061			(3		)	—			(24,330		)
(Loss) income before income taxes	(117,462		)	139,116			49			—			21,703
(Benefit) expense from income taxes	(70,126		)	86,605			19			—			16,498
Equity in income of subsidiaries	52,541			—			—			(52,541		)	—
Income from continuing operations	5,205			52,511			30			(52,541		)	5,205
Loss from discontinued operations, net of tax	—			(503		)	(9		)	—			(512		)
Equity in loss of subsidiaries	(512		)	—			—			512			—
Net income	$	4,693		$	52,008		$	21		$	(52,029	)	$	4,693

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, 2018
Net cash (used in) provided by operating activities	$	(25,713	)	$	56,153		$	(152	)	$	—		$	30,288
Cash flows from investing activities:
Capital expenditures	—			(17,020		)	—			—			(17,020		)
Proceeds from sale of fixed assets	—			370			—			—			370
Cash used for business acquisition, net of cash acquired	—			(57,253		)	—			—			(57,253		)
Investments in unconsolidated entities	—			(421		)	—			—			(421		)
Return of capital from unconsolidated entities	—			176			—			—			176
Advances to/from subsidiaries	(56,182		)	—			3			56,179			—
Net cash (used in) provided by investing activities	(56,182		)	(74,148		)	3			56,179			(74,148		)
Cash flows from financing activities:
Repayment of debt	(497,915		)	—			—			—			(497,915		)
Proceeds from issuance of new debt	400,000			—			—			—			400,000
Repayment of borrowing from credit facility	(225,000		)	—			—			—			(225,000		)
Borrowing from credit facility	225,000			—			—			—			225,000
Debt issuance costs	(6,272		)	—			—			—			(6,272		)
Other financing activities	(3,314		)	—			—			—			(3,314		)
Advances to/from subsidiaries	—			49,018			—			(49,018		)	—
Net cash (used in) provided by financing activities	(107,501		)	49,018			—			(49,018		)	(107,501		)
(Decrease) increase in cash and cash equivalents	(189,396		)	31,023			(149		)	7,161			(151,361		)
Cash, cash equivalents and restricted cash at beginning of period	294,191			16,855			724			(7,161		)	304,609
Cash, cash equivalents and restricted cash at end of period	$	104,795		$	47,878		$	575		$	—		$	153,248

Beazer Homes USA, Inc.

Condensed 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, 2017
Net cash (used in) provided by operating activities	$	(74,046	)	$	170,129		$	(174	)	$	—		$	95,909
Cash flows from investing activities:
Capital expenditures	—			(12,440		)	—			—			(12,440		)
Proceeds from sale of fixed assets	—			297			—			—			297
Investments in unconsolidated entities	—			(3,261		)	—			—			(3,261		)
Return of capital from unconsolidated entities	—			1,621			—			—			1,621
Advances to/from subsidiaries	148,081			—			39			(148,120		)	—
Net cash provided by (used in) investing activities	148,081			(13,783		)	39			(148,120		)	(13,783		)
Cash flows from financing activities:
Repayment of debt	(253,046		)	(12,437		)	—			—			(265,483		)
Proceeds from issuance of new debt	250,000			—			—			—			250,000
Repayment of borrowing from credit facility	(25,000		)	—			—			—			(25,000		)
Borrowing from credit facility	25,000			—			—			—			25,000
Debt issuance costs	(4,919		)	—			—			—			(4,919		)
Other financing activities	(391		)	—			—			—			(391		)
Advances to/from subsidiaries	—			(145,459		)				145,459			—
Net cash used in financing activities	(8,356		)	(157,896		)	—			145,459			(20,793		)
Increase (decrease) in cash and cash equivalents	65,679			(1,550		)	(135		)	(2,661		)	61,333
Cash, cash equivalents and restricted cash at beginning of period	228,512			18,405			859			(4,500		)	243,276
Cash, cash equivalents and restricted cash at end of period	$	294,191		$	16,855		$	724		$	(7,161	)	$	304,609

Fiscal Year Ended September 30, 2016
Net cash (used in) provided by operating activities	$	(56,218	)	$	219,401		$	(158	)	$	—		$	163,025
Cash flows from investing activities:
Capital expenditures	—			(12,219		)	—			—			(12,219		)
Proceeds from sale of fixed assets	—			2,624			—			—			2,624
Investments in unconsolidated entities	—			(4,241		)	—			—			(4,241		)
Return of capital from unconsolidated entities	—			1,142			—			—			1,142
Advances to/from subsidiaries	203,690			—			11			(203,701		)	—
Net cash provided by (used in) investing activities	203,690			(12,694		)	11			(203,701		)	(12,694		)
Cash flows from financing activities:
Repayment of debt	(819,044		)	(9,177		)	—			—			(828,221		)
Proceeds from issuance of new debt	642,150			—			—			—			642,150
Borrowing from credit facility	90,000			—			—			—			90,000
Repayment of borrowing from credit facility	(90,000		)	—			—			—			(90,000		)
Debt issuance costs	(11,246		)	—			—			—			(11,246		)
Other financing activities	(222		)	—			—			—			(222		)
Advances to/from subsidiaries	—			(202,393		)	—			202,393			—
Net cash used in financing activities	(188,362		)	(211,570		)	—			202,393			(197,539		)
Decrease in cash and cash equivalents	(40,890		)	(4,863		)	(147		)	(1,308		)	(47,208		)
Cash, cash equivalents and restricted cash at beginning of period	269,402			23,268			1,006			(3,192		)	290,484
Cash, cash equivalents and restricted cash at end of period	$	228,512		$	18,405		$	859		$	(4,500	)	$	243,276

Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of results of discontinued operations

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



	Fiscal Year Ended September 30,
(In thousands)	2018			2017			2016
Total revenue	$	633		$	—		$	—
Home construction and land sales expenses	612			72			668
Inventory impairments and abandonments	450			—			—
Gross loss	(429		)	(72		)	(668		)
General and administrative expenses	101			169			137
Operating loss	(530		)	(241		)	(805		)
Equity in income of unconsolidated entities	93			31			12
Other (expense) income, net	(4		)	(5		)	6
Loss from discontinued operations before income taxes	(441		)	(215		)	(787		)
Benefit from income taxes	(112		)	(75		)	(275		)
Loss from discontinued operations, net of tax	$	(329	)	$	(140	)	$	(512	)

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760

+ Details

Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2018

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 2018	December 31			March 31			June 30		September 30
Total revenue	$	372,489		$	455,178		$	511,521	$	767,945
Gross profit ^(a)	60,829			75,077			83,244		125,865
Operating income	6,681			13,825			17,580		43,462
Net (loss) income from continuing operations ^(b)	(130,575		)	11,616			13,429		60,484
Basic EPS from continuing operations ^(c)	$	(4.07	)	$	0.36		$	0.42	$	1.88
Diluted EPS from continuing operations ^(c)	$	(4.07	)	$	0.36		$	0.41	$	1.83

Fiscal 2017
Total revenue	$	339,241		$	425,468		$	478,588	$	672,981
Gross profit ^(a)	53,663			67,398			78,443		113,360
Operating income	1,275			7,511			15,569		37,783
Net (loss) income from continuing operations ^(b)	(1,359		)	(7,495		)	7,114		33,693
Basic EPS from continuing operations ^(c)	$	(0.04	)	$	(0.23	)	$	0.22	$	1.05
Diluted EPS from continuing operations ^(c)	$	(0.04	)	$	(0.23	)	$	0.22	$	1.03


^(a)	Gross profit in fiscal 2018 and 2017 includes inventory impairment and abandonments as follows:



(In thousands)	Fiscal 2018		Fiscal 2017
1st Quarter	$	—	$	—
2nd Quarter	—		282
3rd Quarter	168		470
4th Quarter	6,331		1,693
	$	6,499	$	2,445

^(b)Net (loss) income from continuing operations in fiscal 2018 and 2017 includes (loss) gain on extinguishment of debt as follows:



(In thousands)	Fiscal 2018			Fiscal 2017
1st Quarter	$	(25,904	)	$	—
2nd Quarter	—			(15,563		)
3rd Quarter	—			—
4th Quarter	(1,935		)	2,933
	$	(27,839	)	$	(12,630	)

^(c)Amounts shown above for EPS for the quarterly periods are calculated separately from the full fiscal year amounts. Accordingly, quarterly amounts will not add to the respective annual amount.

Basis of Presentation and Summary of Significant Accounting Policies (Details) $ in Millions	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2018 home	Sep. 30, 2018 lot	Sep. 30, 2018	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)
Summary of Significant Accounting Policies [Line Items]
Threshold number of homes below a minimum threshold of profitability		10	10
Measurement threshold of likelihood of being realized (percent)				50.00%
Advertising costs					$ 17.6	$ 17.5	$ 19.2
Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated time to develop, sell, construct and close all homes (in years)	3 years
Estimated future warranty costs as a percentage or revenue (percent)				0.30%
Minimum \| Furniture, Fixtures, Computer and Office Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated time to develop, sell, construct and close all homes (in years)	5 years
Estimated future warranty costs as a percentage or revenue (percent)				1.30%
Maximum \| Information systems
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Maximum \| Furniture, Fixtures, Computer and Office Equipment
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	7 years

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies - Business Acquisitions (Details) $ in Thousands		12 Months Ended
	Jul. 13, 2018 USD ($) home lot Community	Sep. 30, 2018 USD ($)	Sep. 30, 2017 USD ($)
Business Acquisition [Line Items]
Document Fiscal Year Focus		2018
Number of single-family communities \| Community	27
Goodwill and intangible assets, net		$ 9,751	$ 0
Venture Homes
Business Acquisition [Line Items]
Purchase price, net of cash acquired	$ 60,600
Purchase price paid as of period end, net of cash acquired		57,300
Expected payment on business acquisition in next fiscal quarter		$ 3,300
Number of homes in backlog \| home	48
Number of model homes in backlog \| home	6
Inventory acquired	$ 56,000
Goodwill and intangible assets, net	9,800
Other assets acquired	600
Accounts payable assumed	5,500
Other liabilities assumed	$ 200
Minimum \| Venture Homes
Business Acquisition [Line Items]
Number of lots owned or controlled \| lot	1,100

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Supplemental disclosure of non-cash activity:
Non-cash land acquisitions	$ 0	$ 14,651	$ 8,265
Supplemental disclosure of cash activity:
Interest payments	95,857	100,125	131,730
Income tax payments	607	1,616	1,420
Tax refunds received	162	351	201
Cash and cash equivalents	139,805	292,147	228,871
Restricted cash	13,443	12,462	14,405
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 153,248	304,609	$ 243,276	$ 290,484
Non-cash seller financing		6,300
Lot takedown costs		$ 8,400

Investments in Unconsolidated Entities and Marketable Securities - Unconsolidated Entities (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]
Beazer’s investment in unconsolidated entities	$ 4,035	$ 3,994
Total equity of unconsolidated entities	10,113	11,811
Total outstanding borrowings of unconsolidated entities	12,266	15,797
Total equity in income of unconsolidated entities	375	371	$ 131
Impairment of unconsolidated entity investment	(341)	0	0
Income (Loss) from Equity Method Investments	$ 34	$ 371	$ 131

Investments in Unconsolidated Entities and Marketable Securities - Narrative (Details) - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Schedule of Equity Method Investments [Line Items]
Impairment of unconsolidated entity investment	$ (341,000)	$ 0	$ 0
Financial Guarantee
Schedule of Equity Method Investments [Line Items]
Outstanding guarantees	$ 0	$ 0

Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Real Estate [Abstract]
Homes under construction	$ 476,752	$ 419,312
Development projects in progress	907,793	785,777
Land held for future development	83,173	112,565
Land held for sale	7,781	17,759
Capitalized interest	144,645	139,203	$ 138,108	$ 123,457
Model homes	72,140	68,191
Total owned inventory	$ 1,692,284	$ 1,542,807

Inventory - Narrative (Details) $ in Thousands	12 Months Ended
Inventory - Narrative (Details) $ in Thousands	Sep. 30, 2018 USD ($) home Community	Sep. 30, 2018 USD ($) home lot Community	Sep. 30, 2018 USD ($) home Community	Sep. 30, 2018 USD ($) home Community	Sep. 30, 2017 USD ($) home Community	Sep. 30, 2016 USD ($) Community
Real Estate [Abstract]
Number of substantially completed homes not subject to a sales contract \| home	240	240	240	240	171
Total value of substantially completed homes \| $	$ 84,800	$ 84,800	$ 84,800	$ 84,800	$ 52,600
Threshold number of homes below a minimum threshold of profitability	10	10
Number of communities on watch list	4	4	4	4	6
Number of watch list communities requiring further analysis	2	2	2	2	2
Impairment charge \| $				$ 1,000	$ 1,693	$ 13,724
Number of Communities Impaired			1		1	3

Inventory - Total Owned Inventory by Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Projects in Progress	$ 1,601,330	$ 1,412,483
Land Held for Future Development	83,173	112,565
Land Held for Sale	7,781	17,759
Total owned inventory	1,692,284	1,542,807
Corporate and unallocated
Segment Reporting Information [Line Items]
Projects in Progress	198,990	187,385
Land Held for Future Development	0	0
Land Held for Sale	24	1,100
Total owned inventory	199,014	188,485
West Segment
Segment Reporting Information [Line Items]
Projects in Progress	763,453	673,828
Land Held for Future Development	58,125	87,231
Land Held for Sale	0	3,848
Total owned inventory	821,578	764,907
East Segment
Segment Reporting Information [Line Items]
Projects in Progress	280,761	250,002
Land Held for Future Development	14,077	14,391
Land Held for Sale	4,580	11,578
Total owned inventory	299,418	275,971
Southeast Segment
Segment Reporting Information [Line Items]
Projects in Progress	358,126	301,268
Land Held for Future Development	10,971	10,943
Land Held for Sale	3,177	1,233
Total owned inventory	$ 372,274	$ 313,444

Inventory - Recoverability Schedule of Inventory assets Held for Development, by Reportable Segment (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2018 USD ($) home Community	Sep. 30, 2018 USD ($) lot Community	Sep. 30, 2017 USD ($) Community
Real Estate Properties [Line Items]
Number of Communities on Watch List	4	4	6
Number of Communities	2	2	2
Pre-analysis Book Value (BV) \| $	$ 5,667	$ 5,667	$ 19,138
Threshold number of homes below a minimum threshold of profitability	10	10
Corporate and unallocated
Real Estate Properties [Line Items]
Number of Communities on Watch List	0	0	0
Number of Communities	0	0	0
Pre-analysis Book Value (BV) \| $	$ 1,307	$ 1,307	$ 3,337
West
Real Estate Properties [Line Items]
Number of Communities on Watch List	2	2	4
Number of Communities	0	0	2
Pre-analysis Book Value (BV) \| $	$ 0	$ 0	$ 15,801
Aggregate Undiscounted Cash Flow as a % of BV	0.00%	0.00%	94.40%
Southeast
Real Estate Properties [Line Items]
Number of Communities on Watch List	2	2	2
Number of Communities	2	2	0
Pre-analysis Book Value (BV) \| $	$ 4,360	$ 4,360	$ 0
Aggregate Undiscounted Cash Flow as a % of BV	99.00%	99.00%	0.00%

Inventory - Results of Discounted Cash Flow Analysis (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2018 USD ($) lot Community	Sep. 30, 2017 USD ($) lot Community	Sep. 30, 2016 USD ($) lot Community
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community	1	1	3
Number of Lots Impaired \| lot	25	46	291
Impairment Charge	$ 1,000	$ 1,693	$ 13,724
Estimated Fair Value of Impaired Inventory at time of Impairment	$ 1,312	$ 3,791	$ 34,418
Corporate and unallocated \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community	0	0	0
Number of Lots Impaired \| lot	0	0	0
Impairment Charge	$ 212	$ 68	$ 1,101
Estimated Fair Value of Impaired Inventory at time of Impairment	$ 0	$ 0	$ 0
Southeast \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community	1
Number of Lots Impaired \| lot	25
Impairment Charge	$ 793
Estimated Fair Value of Impaired Inventory at time of Impairment	$ 1,312
West \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community			2
Number of Lots Impaired \| lot			213
Impairment Charge			$ 6,729
Estimated Fair Value of Impaired Inventory at time of Impairment			$ 16,345
West \| Operating Segments \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community		1
Number of Lots Impaired \| lot		46
Impairment Charge		$ 1,625
Estimated Fair Value of Impaired Inventory at time of Impairment		$ 3,791
East \| Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Number of Communities Impaired \| Community			1
Number of Lots Impaired \| lot			78
Impairment Charge			$ 5,894
Estimated Fair Value of Impaired Inventory at time of Impairment			$ 18,073

Inventory Inventory - Quantitative Unobservable Inputs (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2018 USD ($) home	Sep. 30, 2017 USD ($) home
Quantitative unobservable inputs for inventory impairment [Line Items]
Average selling price (in thousands) \| $	$ 356	$ 405
Minimum
Quantitative unobservable inputs for inventory impairment [Line Items]
Closings per community per month	1	1
Maximum
Quantitative unobservable inputs for inventory impairment [Line Items]
Closings per community per month	6	4
Discount Rate
Quantitative unobservable inputs for inventory impairment [Line Items]
Discount rate	0.1511	0.1283

Inventory - Inventory Impairments and Lot Option Abandonment Charges, by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	$ 5,900	$ 600	$ 800
Total impairment and abandonment charges	6,949	2,445	15,282
Continuing Operations
Real Estate, Write-down or Reserve [Line Items]
Projects in progress	1,005	1,693	13,724
Land Held for Sale	5,494	564	770
Abandonments	0	188	788
Total impairment and abandonment charges	6,499	2,445	15,282
Total impairment and abandonment charges	6,949	2,445	15,282
Continuing Operations \| Corporate and unallocated
Real Estate, Write-down or Reserve [Line Items]
Projects in progress	212	68	1,101
Land Held for Sale	2,108	0	0
Continuing Operations \| West
Real Estate, Write-down or Reserve [Line Items]
Projects in progress	0	1,625	6,729
Land Held for Sale	0	94	119
Continuing Operations \| East
Real Estate, Write-down or Reserve [Line Items]
Projects in progress	0	0	5,894
Land Held for Sale	168	470	280
Abandonments	0	188	0
Continuing Operations \| Southeast
Real Estate, Write-down or Reserve [Line Items]
Projects in progress	793	0	0
Land Held for Sale	3,218	0	371
Abandonments	0	0	788
Discontinued Operations
Real Estate, Write-down or Reserve [Line Items]
Land Held for Sale	450	0	0
Total impairment and abandonment charges	$ 450	$ 0	$ 0

Inventory - Summary of Interests in Lot Option Agreements (Details) - Unconsolidated lot option agreements - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Real Estate Properties [Line Items]
Deposits & Non-refundable Preacquisition Costs Incurred	$ 72,191	$ 91,854
Remaining Obligation	$ 383,150	$ 408,300

Interest (Details) - USD ($) $ in Thousands	12 Months Ended
Interest (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Capitalized interest in inventory, beginning of period	$ 139,203	$ 138,108	$ 123,457
Interest incurred	103,880	105,551	119,360
Capitalized interest impaired	(1,961)	(56)	(710)
Interest expense not qualified for capitalization and included as other expense	(5,325)	(15,636)	(25,388)
Capitalized interest amortized to home construction and land sales expenses	(91,152)	(88,764)	(78,611)
Capitalized interest in inventory, end of period	$ 144,645	$ 139,203	$ 138,108

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 55,214	$ 57,584
Less: Accumulated Depreciation	(34,371)	(40,018)
Property and equipment, net	20,843	17,566
Model furnishings and sales office improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,311	28,589
Information systems
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,183	14,326
Furniture, fixtures and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,332	10,971
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,388	$ 3,698

Borrowings - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Mar. 31, 2017	Jun. 15, 2006
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 1,231,254	$ 1,327,412
Debt Instrument, Unamortized Premium	$ (2,640)	(3,413)
5 3/4% Senior Notes Maturing June 2019
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	5.75%
8 3/4% Senior Notes Maturing March 2022
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	8.75%
7 1/4% Senior Notes Maturing February 2023
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	7.25%
6 3/4% Senior Notes Maturing March of 2025
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	6.75%
5 7/8% Senior Notes Maturing October 2027
Debt Instrument [Line Items]
Debt instrument stated interest rate (percent)	5.88%
Senior Notes
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 1,163,138	1,259,840
Debt Instrument, Unamortized Premium	2,640	3,413
Unamortized debt issuance costs	(14,336)	(14,800)
Senior Notes \| 5 3/4% Senior Notes Maturing June 2019
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 0	321,393
Debt instrument stated interest rate (percent)	5.75%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 500,000	500,000
Debt instrument stated interest rate (percent)	8.75%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 24,834	199,834
Debt instrument stated interest rate (percent)	7.25%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 250,000	250,000
Debt instrument stated interest rate (percent)	6.75%		6.75%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 400,000	0
Debt instrument stated interest rate (percent)	5.875%
Junior Subordinated Notes (net of unamortized accretion of $36,770 and $38,837, respectively)
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 64,003	61,937
Debt instrument stated interest rate (percent)				7.987%
Other Secured Notes Payable
Debt Instrument [Line Items]
Total debt (net of premium/discount and debt issuance costs)	$ 4,113	$ 5,635

Borrowings - Schedule of Future Debt Maturities (Details) $ in Thousands	Sep. 30, 2018 USD ($)
Debt Disclosure [Abstract]
2019	$ 4,087
2020	0
2021	0
2022	500,000
2023	24,834
Thereafter	750,773
Total	$ 1,279,694

Borrowings - Narrative (Details)	1 Months Ended		3 Months Ended								12 Months Ended
Borrowings - Narrative (Details)	Sep. 30, 2018 USD ($) lender	Oct. 31, 2017 USD ($)	Sep. 30, 2018 USD ($) lender	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Sep. 30, 2018 USD ($) lender	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	May 31, 2018 USD ($)	Jan. 15, 2010 USD ($)	Jun. 15, 2006
Line of Credit Facility [Abstract]
Line of credit facility, remaining borrowing capacity	$ 200,000,000		$ 200,000,000				$ 145,300,000				$ 200,000,000	$ 145,300,000
Senior Notes [Abstract]
Beazer homes' ownership interest in guarantor subsidiaries	100.00%		100.00%								100.00%
Loss on extinguishment of debt			$ 1,935,000	$ 0	$ 0	$ 25,904,000	(2,933,000)	$ 0	$ 15,563,000	$ 0	$ 27,839,000	12,630,000	$ 13,423,000
Loss on extinguishment of debt, before write off of debt issuance cost												(15,600,000)
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 1,231,254,000		$ 1,231,254,000				1,327,412,000				$ 1,231,254,000	1,327,412,000
5 3/4% Senior Notes Maturing June 2019
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	5.75%		5.75%								5.75%
6 3/4% Senior Notes Maturing March of 2025
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	6.75%		6.75%								6.75%
7 1/4% Senior Notes Maturing February 2023
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	7.25%		7.25%								7.25%
Senior Notes
Senior Notes [Abstract]
Loss on extinguishment of debt, before write off of debt issuance cost						25,900,000
Redemption of senior notes						34,500,000
Write off of deferred debt issuance cost						3,200,000
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 1,163,138,000		$ 1,163,138,000				1,259,840,000				$ 1,163,138,000	1,259,840,000
Senior Notes \| 5 3/4% Senior Notes Maturing June 2019
Senior Notes [Abstract]
Loss on extinguishment of debt	$ (1,800,000)
Debt instrument stated interest rate (percent)	5.75%		5.75%								5.75%
Loss on extinguishment of debt, before write off of debt issuance cost	$ (1,935,000)
Redemption of senior notes	98,200,000
Write off of deferred debt issuance cost	100,000
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 0		$ 0				321,393,000				$ 0	321,393,000
Senior Notes \| 5.875% unsecured Senior Notes
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)		5.875%
Junior Subordinated Notes [Abstract]
Aggregate principal amount of debt		$ 400,000,000.0
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	6.75%		6.75%						6.75%		6.75%
Notes payable									$ 250,000,000
Percent of original debt amount required to be offered for repurchase (percent)									35.00%
Debt instrument redemption price (percent)									101.00%
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 250,000,000		$ 250,000,000				250,000,000				$ 250,000,000	250,000,000
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Optional Redemption Under Indenture
Senior Notes [Abstract]
Percent of original debt amount required to be offered for repurchase (percent)									65.00%
Debt instrument redemption price (percent)									106.75%
Senior Notes \| 5.25% unsecured Senior Notes due 2019
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	5.75%		5.75%								5.75%
Extinguishment of debt, amount						225,000,000
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)	7.25%		7.25%								7.25%
Extinguishment of debt, amount						$ 175,000,000
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 24,834,000		$ 24,834,000				199,834,000				$ 24,834,000	199,834,000
Junior Subordinated Notes
Senior Notes [Abstract]
Debt instrument stated interest rate (percent)																7.987%
Junior Subordinated Notes [Abstract]
Effective period of debt instrument interest rate											10 years
Aggregate principal amount of debt															$ 75,000,000
Debt Instrument, Unamortized Discount	36,770,000		36,770,000				38,837,000				$ 36,770,000	38,837,000
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 64,003,000		$ 64,003,000				61,937,000				$ 64,003,000	61,937,000
Weighted average fixed interest rate of debt (percent)	4.79%		4.79%								4.79%
Other Secured Notes Payable
Secured Debt [Abstract]
Total debt (net of premium/discount and debt issuance costs)	$ 4,113,000		$ 4,113,000				5,635,000				$ 4,113,000	5,635,000
Weighted average fixed interest rate of debt (percent)	1.56%		1.56%								1.56%
Secured Revolving Credit Facility
Line of Credit Facility [Abstract]
Maximum borrowing capacity	$ 200,000,000		$ 200,000,000				180,000,000				$ 200,000,000	180,000,000
Number of lenders \| lender	3		3								3
Inventory assets pledged as collateral	$ 951,500,000		$ 951,500,000							$ 800,000,000	$ 951,500,000
Letters of credit secured using cash collateral							34,700,000					34,700,000
Outstanding borrowings under Secured Revolving Credit Facility							0					0
Letter of Credit
Line of Credit Facility [Abstract]
Letters of credit secured using cash collateral	10,400,000		10,400,000				$ 10,800,000				10,400,000	$ 10,800,000
Standby Letters of Credit \| Issuance Capacity
Line of Credit Facility [Abstract]
Maximum borrowing capacity														$ 50,000,000.0
Standby Letters of Credit \| Standby Letter for Credit Facility
Line of Credit Facility [Abstract]
Letters of credit secured using cash collateral	27,700,000		27,700,000								27,700,000
Standby Letters of Credit \| Backstop Standby Letters of Credit
Line of Credit Facility [Abstract]
Maximum borrowing capacity														$ 30,000,000
Maximum \| Secured Revolving Credit Facility
Line of Credit Facility [Abstract]
Allowed increase in borrowing capacity	250,000,000		250,000,000								250,000,000
Aggregate collateral ratio										4.00
Minimum \| Secured Revolving Credit Facility
Line of Credit Facility [Abstract]
Allowed increase in borrowing capacity	$ 50,000,000		$ 50,000,000								$ 50,000,000
Aggregate collateral ratio										1.00
Debt Instrument, Redemption, Period One \| Senior Notes \| 5.875% unsecured Senior Notes
Senior Notes [Abstract]
Debt instrument, redemption price (percent)		100.00%
Debt Instrument, Redemption, Period One \| Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025
Senior Notes [Abstract]
Debt instrument, redemption price (percent)											100.00%
Debt Instrument, Redemption, Period Two \| Senior Notes \| 5.875% unsecured Senior Notes
Senior Notes [Abstract]
Debt instrument, redemption price (percent)		105.875%
Percentage of principal amount redeemed		35.00%
Percentage of principal amount outstanding after redemption		65.00%
Debt Instrument, Redemption, Period Two \| Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025
Senior Notes [Abstract]
Debt instrument, redemption price (percent)											105.063%
Debt Instrument, Redemption, Period Two \| Senior Notes \| 7 1/4% Senior Notes Maturing February 2023
Senior Notes [Abstract]
Debt instrument, redemption price (percent)											103.625%

Contingencies - Narrative (Details) $ in Thousands	12 Months Ended			51 Months Ended
Contingencies - Narrative (Details) $ in Thousands	Sep. 30, 2018 USD ($) home	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2018 USD ($) home	Sep. 30, 2015 USD ($)
Loss Contingencies [Line Items]
Limited product warranty length	10 years
Accrued warranty expenses	$ 15,331	$ 18,091	$ 39,131	$ 15,331	$ 27,681
Insurance recoveries	200	4,800
Excess insurance recovery			3,600
Accrued amounts for litigation and other contingent liabilities	3,700	3,900		3,700
Specific Warranty Issue
Loss Contingencies [Line Items]
Product warranty expense				$ 85,000
Specific Warranty Issue \| Florida
Loss Contingencies [Line Items]
Product warranty expense	$ 600	5,200
Numer of homes likely to require more than minor repairs \| home	707			707
Number of homes that have been repaired \| home	685			685
Accrued product warranty, decrease for payments	$ 2,400
Accrued warranty expenses	1,700	$ 4,700		$ 1,700
Performance Bonds
Loss Contingencies [Line Items]
Letters of credit secured using cash collateral	38,100			38,100
Cash collateral in restricted accounts securing letters of credit	$ 237,800			$ 237,800
Minimum
Loss Contingencies [Line Items]
Standard product warranty period	1 year
Maximum
Loss Contingencies [Line Items]
Standard product warranty period	2 years
Settled Litigation \| Insurance Settlement
Loss Contingencies [Line Items]
Insurance recoveries			$ 15,500

Contingencies - Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
Contingencies - Warranty (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 18,091	$ 39,131	$ 27,681
Accruals for warranties issued	13,755	14,215	13,835
Changes in liability related to warranties existing in prior periods	(2,401)	4,807	53,109
Payments made	(14,114)	(40,062)	(55,494)
Balance at end of period	$ 15,331	$ 18,091	$ 39,131

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Impairment of projects in process	$ 1,000	$ 1,700	$ 13,700
Impairment of land held for sale	5,900	600	800
Impairment of unconsolidated entity investment	$ (341)	$ 0	$ 0

Fair Value Measurements - Fair Value Assets Measured on a Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	$ 1,578	$ 1,114	$ 765
Fair Value, Measurements, Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	0	0	0
Fair Value, Measurements, Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	1,578	1,114	765
Fair Value, Measurements, Recurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	0	0	0
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	1,312	3,791	34,418
Land held for sale	1,724	325	19,973
Unconsolidated entity investments	80
Fair Value, Measurements, Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	0	0	0
Land held for sale	0	0
Unconsolidated entity investments	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	0	0
Land held for sale	0	0
Unconsolidated entity investments	0
Fair Value, Measurements, Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Development projects in progress	1,312	3,791	34,418
Land held for sale	1,724	$ 325	$ 19,973
Unconsolidated entity investments	$ 80

Fair Value Measurements - Carrying Values and Estimated Fair Values of Other Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 1,163,138	$ 1,259,840
Junior Subordinated Notes	64,003	61,937
Total debt, net	1,227,141	1,321,777
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	1,096,214	1,355,657
Junior Subordinated Notes	64,003	61,937
Total debt, net	$ 1,160,217	$ 1,417,594

Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
Operating Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Leases [Abstract]
Rental expense	$ 4,800	$ 4,900	$ 4,700
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2019	4,624
2020	4,017
2021	3,326
2022	2,381
2023	1,643
Thereafter	839
Total	$ 16,830

Other Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Other Liabilities [Abstract]
Accrued bonus and deferred compensation	$ 41,508	$ 36,753
Accrued warranty expenses	15,331	18,091	$ 39,131	$ 27,681
Customer deposits	14,903	11,704
Accrued interest	14,401	11,024
Litigation accrual	3,656	3,899
Income tax liabilities	710	811
Other	35,880	25,377
Total	$ 126,389	$ 107,659

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Current federal			$ 57	$ 0	$ 0
Current state			512	859	595
Deferred federal			102,082	1,625	5,574
Deferred state			(8,167)	212	10,329
Total			$ 94,484	2,696	16,498
Income Tax Contingency [Line Items]
Document Fiscal Year Focus			2018
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Valuation allowances and reserves, adjustments	$ 27,400	$ 8,600		$ 3,500	$ 8,600

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income tax computed at statutory rate			$ 12,112	$ 12,052	$ 7,596
State income taxes, net of federal benefit			111	1,287	4,974
Deferred rate change			110,071	0	(678)
(Decrease) increase in valuation allowance - other			(27,370)	(3,482)	6,457
Changes for uncertain tax positions			598	(685)	(40)
Stock based compensation			0	741	0
Permanent differences			2,133	496	400
Tax credits			(3,174)	(7,460)	(2,134)
Other, net			3	(253)	(77)
Total			$ 94,484	2,696	16,498
Income Tax Contingency [Line Items]
Federal tax rate for fiscal year provision, percent			24.50%
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Valuation allowances and reserves, adjustments	$ 27,400	$ 8,600		$ 3,500	$ 8,600

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Deferred tax assets:
Federal and state tax carryforwards	$ 196,702	$ 293,298
Inventory adjustments	29,565	59,507
Incentive compensation	11,959	19,043
Warranty and other reserves	6,350	6,140
Property, equipment and other assets	2,123	3,247
Other	734	1,785
Uncertain tax positions	734	1,332
Total deferred tax assets	248,167	384,352
Deferred tax liabilities:
Deferred revenues	0	(11,297)
Total deferred tax liabilities	0	(11,297)
Net deferred tax assets before valuation allowance	248,167	373,055
Valuation allowance	(34,212)	(65,159)
Net deferred tax assets	$ 213,955	$ 307,896

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
Income Taxes - Narrative (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Tax Contingency [Line Items]
Federal net operating loss carryforwards			$ 133,200,000
State net operating loss carryforwards			39,600,000
Alternative minimum tax credit			9,600,000
General business credits			17,700,000
Income tax expense (benefit) from continuing operations			94,484,000	$ 2,696,000	$ 16,498,000
Pre-tax income required to realize deferred tax assets prior to expiration			768,000,000
Deferred tax asset valuation allowance	$ 65,159,000		34,212,000	65,159,000
Unrecognized tax benefits	3,804,000	$ 4,541,000	3,494,000	3,804,000	4,541,000	$ 4,721,000
Accrued interest and penalties	1,400		1,300	1,400
Uncertain tax positions to be reserved within twelve months			$ 21,600
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Valuation allowances and reserves, adjustments	$ 27,400,000	$ 8,600,000		$ 3,500,000	$ 8,600,000

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of year	$ 3,804	$ 4,541	$ 4,721
Additions for tax positions related to current year	0	61
Reductions in tax positions related to current year			(180)
Additions for tax positions related to prior years	0	2,611	0
Reductions in tax positions of prior years	0	(2,273)	0
Lapse of statute of limitations	(310)	(1,136)	0
Balance at end of year	$ 3,494	$ 3,804	$ 4,541

Stockholders' Equity (Details) - USD ($)	12 Months Ended
Stockholders' Equity (Details) - USD ($)	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock outstanding (in shares)	0
Common stock authorized (in shares)	63,000,000	63,000,000
Common stock issued (in shares)	33,522,046	33,515,768
Common stock outstanding (in shares)	33,522,046	33,515,768
Number of shares surrendered by employees	229,191	32,035	16,779
Value of redeemed stock	$ 3,378,000	$ 415,000	$ 222,000
Dividends paid	$ 0	$ 0	$ 0
382 ownership limitation	4.95%

Retirement and Deferred Compensation Plan - 401(k) Retirement Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution percentage	50.00%
Percentage of maximum contributions per employee	6.00%
Contribution vesting period	5 years
Employer contribution amount	$ 3.3	$ 3.0	$ 2.6
Total matching contributions forfeited by plan participants during period	$ 0.7	$ 0.6	$ 0.4
Minimum
Defined Contribution Plan Disclosure [Line Items]
Percentage of employee deferral or contribution	1.00%
Maximum
Defined Contribution Plan Disclosure [Line Items]
Percentage of employee deferral or contribution	80.00%

Retirement and Deferred Compensation Plan - Deferred Compensation Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accrued bonus and deferred compensation	$ 41,508	$ 36,753
Deferred Compensation Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Deferred compensation plan assets	1,600	1,100
Accrued bonus and deferred compensation	4,600	3,800
Employer contribution to deferred compensation plan	$ 200	$ 300	$ 200

Stock-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended			36 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2018	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance under plan	2,600,000			2,600,000
Number of shares of common stock available for future grants	2,100,000			2,100,000
Intrinsic value of stock options exercisable	$ 0.1			$ 0.1
Intrinsic value of stock options vested and expected to vest	0.1			0.1
Intrinsic value of stock options outstanding	$ 0.1			$ 0.1
Employee stock option program (EOP), authorized shares (in shares)	100,000			100,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period to recognize remaining cost	1 year 9 months 7 days
Unrecognized compensation cost	$ 0.2	$ 0.3		$ 0.2
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	25,230
Award vesting period	3 years
Employee Stock Option \| Employee purchase plan (EOP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	3,950
Employee purchase plan (EOP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years
Performance-based restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share awards to be vested	644,785	668,766	448,693	644,785	252,022
Estimated fair value of nonvested stock (in dollars per share)	$ 22.40	$ 13.60	$ 15.43
Performance-based restricted stock \| 2016 Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	165,085
Performance share awards to be vested	309,843			309,843
Compensation cost related to performance based awards	$ 1.3	$ 2.3	$ 1.0	$ 4.8
Unrecognized compensation cost	$ 0.2			$ 0.2
Award vesting period	3 years
Estimated fair value of nonvested stock (in dollars per share)	$ 22.40
Performance-based restricted stock \| 2016 Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage	0.00%
Performance-based restricted stock \| 2016 Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage	175.00%
Total Shareholder Return Performance Share \| 2016 Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage	20.00%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period to recognize remaining cost	1 year 9 months 11 days
Performance share awards to be vested	1,076,568	1,540,947	1,255,817	1,076,568	956,283
Unrecognized compensation cost	$ 8.8	$ 8.8		$ 8.8
Estimated fair value of nonvested stock (in dollars per share)	$ 20.26	$ 13.04	$ 14.69
Stock options \| 2016 Time-based Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period (in shares)	277,165

Stock-based Compensation - Schedule of Compensation Cost for Share-based Payment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Document Fiscal Year Focus	2018
Before tax stock-based compensation expense	$ 10,258	$ 8,159	$ 7,959
Tax benefit	(2,622)	(2,917)	(2,832)
After tax stock-based compensation expense	7,636	5,242	5,127
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Before tax stock-based compensation expense	225	274	534
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Before tax stock-based compensation expense	$ 10,033	$ 7,885	$ 7,425

Stock-based Compensation - Schedule of Assumptions for Stock Options Granted (Details) - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividends	0.00%	0.00%	0.00%
Weighted-average risk-free interest rate	1.81%	1.30%	1.21%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of options	5 years	5 years 4 months 17 days	4 years 11 months 5 days
Expected volatility	44.71%	50.10%	46.49%
Expected dividends	0.00%	0.00%	0.00%
Weighted-average risk-free interest rate	2.10%	1.85%	1.36%
Weighted average fair value (in dollars per share)	$ 8.30	$ 5.83	$ 4.03

Stock-based Compensation - Schedule of Stock Options and SSARs Outstanding and Related Activity (Details) - Stock Options - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Shares [Roll Forward]
Outstanding at beginning of period (in shares)	593,753	672,669	643,907
Granted (in shares)	25,230	29,410	125,449
Exercised (in shares)	(8,411)	(2,313)	0
Expired (in shares)	(61,967)	(84,976)	(86,606)
Canceled (in shares)	0	(480)	0
Forfeited (in shares)	(15,553)	(20,557)	(10,081)
Outstanding at end of period (in shares)	533,052	593,753	672,669
Exercisable at end of period (in shares)	479,538	476,606	503,594
Vested or expected to vet in the future (in shares)	533,052	585,186	672,669
Weighted-Average Exercise Price [Roll Forward]
Outstanding at beginning or period (in dollars per share)	$ 14.76	$ 16.49	$ 18.13
Granted (in dollars per share)	19.99	12.50	9.19
Exercised (in dollars per share)	7.52	10.80	0.00
Expired (in dollars per share)	23.19	28.45	19.70
Canceled (in dollars per share)	0.00	23.65	0.00
Forfeited (in dollars per share)	10.46	11.97	10.98
Outstanding at end of period (in dollars per share)	14.26	14.76	16.49
Exercisable at end of period (in dollars per share)	14.03	15.91	17.76
Vested or expected to vest in the future (in dollars per share)	$ 14.26	$ 14.83	$ 16.49

Stock-based Compensation - Schedule of Stock Options and SSARs Outstanding and Exercisable (Details) - Stock Options - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options Outstanding, Number Outstanding (in shares)	533,052	593,753	672,669	643,907
Stock Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.26	$ 14.76	$ 16.49	$ 18.13
Stock Options Exercisable, Number Exercisable (in shares)	479,538	476,606	503,594
Stock Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 14.03	$ 15.91	$ 17.76
$1 - $10
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	$ 10
Stock Options Outstanding, Number Outstanding (in shares)	152,004
Stock Options Outstanding - Weighted Average Contractual Remaining Life (Years)	2 years 7 months 6 days
Stock Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 9.77
Stock Options Exercisable, Number Exercisable (in shares)	152,004
Stock Options Exercisable - Weighted Average Contractual Remaining Life (Years)	2 years 7 months 6 days
Stock Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 9.77
$11 - $15
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options - exercise price range, lower limit	11
Stock options - exercise price range, upper limit	$ 15
Stock Options Outstanding, Number Outstanding (in shares)	207,451
Stock Options Outstanding - Weighted Average Contractual Remaining Life (Years)	3 years 2 months 12 days
Stock Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 13.33
Stock Options Exercisable, Number Exercisable (in shares)	177,617
Stock Options Exercisable - Weighted Average Contractual Remaining Life (Years)	2 years 8 months 12 days
Stock Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 13.37
$16 - $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 Outstanding (in shares)	173,597
Stock Options Outstanding - Weighted Average Contractual Remaining Life (Years)	3 years 8 months 12 days
Stock Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 19.30
Stock Options Exercisable, Number Exercisable (in shares)	149,917
Stock Options Exercisable - Weighted Average Contractual Remaining Life (Years)	3 years 1 month 6 days
Stock Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 19.12
$1 - $20
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	$ 20
Stock Options Outstanding, Number Outstanding (in shares)	533,052
Stock Options Outstanding - Weighted Average Contractual Remaining Life (Years)	3 years 2 months 12 days
Stock Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 14.26
Stock Options Exercisable, Number Exercisable (in shares)	479,538
Stock Options Exercisable - Weighted Average Contractual Remaining Life (Years)	2 years 9 months 18 days
Stock Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 14.03

Stock-based Compensation - Intrinsic and Fair Market Value of Options (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Intrinsic value of options exercised	$ 76	$ 13	$ 0
Fair market value of options vested	$ 296	$ 482	$ 681

Stock-based Compensation - Fair Value Assumptions (Details) - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility (minimum)	21.10%	32.60%	29.90%
Expected volatility (maximum)	61.20%	66.00%	151.20%
Risk-free interest rate	1.81%	1.30%	1.21%
Dividend yield	0.00%	0.00%	0.00%
Grant-date stock price	$ 20.50	$ 12.51	$ 14.24

Stock-based Compensation - Schedule of Nonvested Stock Awards and Performance Shares (Details) - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Performance-based restricted stock
Shares [Roll Forward]
Beginning of period (in shares)	668,766	448,693	252,022
Granted (in shares)	165,085	263,696	231,624
Vested (in shares)	0	0	0
Forfeited (in shares)	(189,066)	(43,623)	(34,953)
End of period (in shares)	644,785	668,766	448,693
Weighted-Average Grant Date Fair Value ($ per share) [Roll Forward]
Beginning of period (in dollars per share)	$ 15.72	$ 16.71	$ 16.34
Granted (in dollars per share)	22.40	13.60	15.43
Vested (in dollars per share)	0.00	0.00	0.00
Forfeited (in dollars per share)	18.98	13.11	5.51
End of period (in dollars per share)	$ 16.47	$ 15.72	$ 16.71
Time-based restricted stock
Shares [Roll Forward]
Beginning of period (in shares)	872,181	807,124	704,261
Granted (in shares)	277,165	271,855	259,819
Vested (in shares)	(690,922)	(189,029)	(127,993)
Forfeited (in shares)	(26,641)	(17,769)	(28,963)
End of period (in shares)	431,783	872,181	807,124
Weighted-Average Grant Date Fair Value ($ per share) [Roll Forward]
Beginning of period (in dollars per share)	$ 16.47	$ 17.52	$ 18.97
Granted (in dollars per share)	18.98	12.50	14.04
Vested (in dollars per share)	17.38	15.52	18.58
Forfeited (in dollars per share)	17.02	14.08	16.78
End of period (in dollars per share)	$ 16.60	$ 16.47	$ 17.52
Stock options
Shares [Roll Forward]
Beginning of period (in shares)	1,540,947	1,255,817	956,283
Granted (in shares)	442,250	535,551	491,443
Vested (in shares)	(690,922)	(189,029)	(127,993)
Forfeited (in shares)	(215,707)	(61,392)	(63,916)
End of period (in shares)	1,076,568	1,540,947	1,255,817
Weighted-Average Grant Date Fair Value ($ per share) [Roll Forward]
Beginning of period (in dollars per share)	$ 16.15	$ 17.23	$ 18.27
Granted (in dollars per share)	20.26	13.04	14.69
Vested (in dollars per share)	17.38	15.52	18.58
Forfeited (in dollars per share)	18.74	13.39	10.62
End of period (in dollars per share)	$ 16.53	$ 16.15	$ 17.23

Earnings Per Share - Schedule of Earnings Per Share, Basic and Dilutive (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
(Loss) income from continuing operations	$ 60,484	$ 13,429	$ 11,616	$ (130,575)	$ 33,693	$ 7,114	$ (7,495)	$ (1,359)	$ (45,046)	$ 31,953	$ 5,205
Loss from discontinued operations, net of tax									(329)	(140)	(512)
Net (loss) income									$ (45,375)	$ 31,813	$ 4,693
Basic weighted-average shares									32,141	31,952	31,798
Dilutive effect of restricted stock awards									0	433	5
Dilutive effect of stock options									0	41	0
Diluted weighted-average shares (in shares)									32,141	32,426	31,803
Basic (loss) income per share:
Continuing operations (in dollars per share)	$ 1.88	$ 0.42	$ 0.36	$ (4.07)	$ 1.05	$ 0.22	$ (0.23)	$ (0.04)	$ (1.40)	$ 1.00	$ 0.16
Discontinued operations (in dollars per share)									(0.01)	0.00	(0.01)
Total (in dollars per share)									(1.41)	1.00	0.15
Diluted (loss) income per share:
Continuing operations (in dollars per share)	$ 1.83	$ 0.41	$ 0.36	$ (4.07)	$ 1.03	$ 0.22	$ (0.23)	$ (0.04)	(1.40)	0.99	0.16
Discontinued operations (in dollars per share)									(0.01)	0.00	(0.01)
Total (in dollars per share)									$ (1.41)	$ 0.99	$ 0.15

Earnings Per Share Earnings Per Share - Antidilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	533	319	693
Time-based restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	432	0	770
Performance-based restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	645	0	0

Segment Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2018 USD ($) state region	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Sep. 30, 2018 USD ($) state region segment	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)
Segment Reporting [Abstract]
Number of states with active operations \| state	13								13
Number of regions in which entity operates \| region	3								3
Number of homebuilding segments \| segment									3
Segment Reporting Information [Line Items]
Revenue	$ 767,945	$ 511,521	$ 455,178	$ 372,489	$ 672,981	$ 478,588	$ 425,468	$ 339,241	$ 2,107,133	$ 1,916,278	$ 1,822,114
Operating income	43,462	$ 17,580	$ 13,825	$ 6,681	37,783	$ 15,569	$ 7,511	$ 1,275	81,548	62,138	59,325
Depreciation and amortization									13,807	14,009	13,794
Write-off of a deposit on a legacy land investment									0	2,700	0
Excess insurance recovery											3,600
Reduction in home construction expenses									200	4,800
Capital Expenditures									17,020	12,440	12,219
Total Capital Expenditure, cash and noncash									17,020	12,440	12,219
Assets	2,128,102				2,220,995				2,128,102	2,220,995
Operating Segments
Segment Reporting Information [Line Items]
Operating income									245,632	222,696	191,290
Depreciation and amortization									12,734	12,698	11,710
Corporate and unallocated
Segment Reporting Information [Line Items]
Operating income									(164,084)	(160,558)	(131,965)
Depreciation and amortization									1,073	1,311	2,084
Capital Expenditures									3,522	341	461
Assets	542,713				810,881				542,713	810,881
West
Segment Reporting Information [Line Items]
Revenue									1,014,803	853,230	827,907
West \| Operating Segments
Segment Reporting Information [Line Items]
Operating income									142,310	110,600	99,835
Depreciation and amortization									7,062	7,207	6,086
Capital Expenditures									8,152	7,086	6,570
Assets	835,230				779,964				835,230	779,964
East
Segment Reporting Information [Line Items]
Revenue									524,563	551,422	526,949
East \| Operating Segments
Segment Reporting Information [Line Items]
Operating income									57,372	58,191	42,205
Depreciation and amortization									2,619	2,927	3,173
Capital Expenditures									2,234	2,474	2,441
Assets	335,474				298,532				335,474	298,532
Southeast
Segment Reporting Information [Line Items]
Revenue									567,767	511,626	467,258
Southeast \| Operating Segments
Segment Reporting Information [Line Items]
Operating income									45,950	53,905	49,250
Depreciation and amortization									3,053	2,564	2,451
Capital Expenditures									3,112	2,539	$ 2,747
Assets	$ 414,685				$ 331,618				$ 414,685	$ 331,618

Supplemental Guarantor Information - Consolidating Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
ASSETS
Cash and cash equivalents	$ 139,805	$ 292,147	$ 228,871
Restricted cash	13,443	12,462	14,405
Accounts receivable (net of allowance of $378 and $330, respectively)	24,647	36,323
Income tax receivable	0	88
Owned inventory	1,692,284	1,542,807
Investments in unconsolidated entities	4,035	3,994
Deferred tax assets, net	213,955	307,896
Property and equipment, net	20,843	17,566
Investments in subsidiaries	0	0
Intercompany	0	0
Goodwill and intangible assets, net	9,751	0
Other assets	9,339	7,712
Total assets	2,128,102	2,220,995
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	126,432	103,484
Other liabilities	126,389	107,659
Intercompany	0	0
Total debt (net of premium/discount and debt issuance costs)	1,231,254	1,327,412
Total liabilities	1,484,075	1,538,555
Stockholders’ equity	644,027	682,440	$ 642,853	$ 630,423
Total liabilities and stockholders’ equity	2,128,102	2,220,995
Consolidating Adjustments
ASSETS
Cash and cash equivalents	0	(7,161)
Restricted cash	0	0
Accounts receivable (net of allowance of $378 and $330, respectively)	0	0
Income tax receivable	0	0
Owned inventory	0	0
Investments in unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property and equipment, net	0	0
Investments in subsidiaries	(645,086)	(808,067)
Intercompany	(924,829)	(608,505)
Goodwill and intangible assets, net	0
Other assets	0	0
Total assets	(1,569,915)	(1,423,733)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	0	0
Intercompany	(924,829)	(615,666)
Total debt (net of premium/discount and debt issuance costs)	0	0
Total liabilities	(924,829)	(615,666)
Stockholders’ equity	(645,086)	(808,067)
Total liabilities and stockholders’ equity	(1,569,915)	(1,423,733)
Beazer Homes USA, Inc.
ASSETS
Cash and cash equivalents	93,875	283,191
Restricted cash	10,921	11,001
Accounts receivable (net of allowance of $378 and $330, respectively)	0	0
Income tax receivable	0	88
Owned inventory	0	0
Investments in unconsolidated entities	773	773
Deferred tax assets, net	213,955	307,896
Property and equipment, net	0	0
Investments in subsidiaries	645,086	808,067
Intercompany	922,525	606,168
Goodwill and intangible assets, net	0
Other assets	694	599
Total assets	1,887,829	2,017,783
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	14,357	11,229
Intercompany	2,304	2,337
Total debt (net of premium/discount and debt issuance costs)	1,227,141	1,321,777
Total liabilities	1,243,802	1,335,343
Stockholders’ equity	644,027	682,440
Total liabilities and stockholders’ equity	1,887,829	2,017,783
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	45,355	15,393
Restricted cash	2,522	1,461
Accounts receivable (net of allowance of $378 and $330, respectively)	24,647	36,322
Income tax receivable	0	0
Owned inventory	1,692,284	1,542,807
Investments in unconsolidated entities	3,262	3,221
Deferred tax assets, net	0	0
Property and equipment, net	20,843	17,566
Investments in subsidiaries	0	0
Intercompany	0	0
Goodwill and intangible assets, net	9,751
Other assets	8,626	7,098
Total assets	1,807,290	1,623,868
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	126,432	103,484
Other liabilities	111,906	96,189
Intercompany	922,525	613,329
Total debt (net of premium/discount and debt issuance costs)	4,113	5,635
Total liabilities	1,164,976	818,637
Stockholders’ equity	642,314	805,231
Total liabilities and stockholders’ equity	1,807,290	1,623,868
Non-Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	575	724
Restricted cash	0	0
Accounts receivable (net of allowance of $378 and $330, respectively)	0	1
Income tax receivable	0	0
Owned inventory	0	0
Investments in unconsolidated entities	0	0
Deferred tax assets, net	0	0
Property and equipment, net	0	0
Investments in subsidiaries	0	0
Intercompany	2,304	2,337
Goodwill and intangible assets, net	0
Other assets	19	15
Total assets	2,898	3,077
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	0	0
Other liabilities	126	241
Intercompany	0	0
Total debt (net of premium/discount and debt issuance costs)	0	0
Total liabilities	126	241
Stockholders’ equity	2,772	2,836
Total liabilities and stockholders’ equity	$ 2,898	$ 3,077

Supplemental Guarantor Information - Consolidating Statement of Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Total revenue	$ 767,945	$ 511,521	$ 455,178	$ 372,489	$ 672,981	$ 478,588	$ 425,468	$ 339,241	$ 2,107,133	$ 1,916,278	$ 1,822,114
Home construction and land sales expenses									1,755,619	1,600,969	1,509,625
Inventory impairments and abandonments	6,331	168	0	0	1,693	470	282	0	6,499	2,445	15,282
Gross profit	125,865	83,244	75,077	60,829	113,360	78,443	67,398	53,663	345,015	312,864	297,207
Commissions									81,002	74,811	70,460
General and administrative expenses									168,658	161,906	153,628
Depreciation and amortization									13,807	14,009	13,794
Operating income	43,462	17,580	13,825	6,681	37,783	15,569	7,511	1,275	81,548	62,138	59,325
Equity in income of unconsolidated entities									34	371	131
Loss on extinguishment of debt	(1,935)	0	0	(25,904)	2,933	0	(15,563)	0	(27,839)	(12,630)	(13,423)
Other expense, net									(4,305)	(15,230)	(24,330)
Income from continuing operations before income taxes									49,438	34,649	21,703
Expense from income taxes									94,484	2,696	16,498
Equity in loss of subsidiaries									0	0	0
(Loss) income from continuing operations	$ 60,484	$ 13,429	$ 11,616	$ (130,575)	$ 33,693	$ 7,114	$ (7,495)	$ (1,359)	(45,046)	31,953	5,205
Loss from discontinued operations, net of tax									(329)	(140)	(512)
Equity in loss of subsidiaries									0	0	0
Net (loss) income									(45,375)	31,813	4,693
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Total revenue									(83)	(107)	(156)
Home construction and land sales expenses									(83)	(107)	(156)
Inventory impairments and 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 of unconsolidated entities									0	0	0
Loss on extinguishment of debt									0	0	0
Other expense, net									0	0	0
Income from continuing operations before income taxes									0	0	0
Expense from income taxes									0	0	0
Equity in loss of subsidiaries									12,505	(106,474)	(52,541)
(Loss) income from continuing operations									12,505	(106,474)	(52,541)
Loss from discontinued operations, net of tax									0	0	0
Equity in loss of subsidiaries									329	140	512
Net (loss) income									12,834	(106,334)	(52,029)
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Total revenue									0	0	0
Home construction and land sales expenses									91,132	88,764	77,941
Inventory impairments and abandonments									1,961	56	710
Gross profit									(93,093)	(88,820)	(78,651)
Commissions									0	0	0
General and administrative expenses									0	0	0
Depreciation and amortization									0	0	0
Operating income									(93,093)	(88,820)	(78,651)
Equity in income of unconsolidated entities									0	0	0
Loss on extinguishment of debt									(27,839)	(12,630)	(13,423)
Other expense, net									(5,323)	(15,635)	(25,388)
Income from continuing operations before income taxes									(126,255)	(117,085)	(117,462)
Expense from income taxes									(93,714)	(42,564)	(70,126)
Equity in loss of subsidiaries									(12,505)	106,474	52,541
(Loss) income from continuing operations									(45,046)	31,953	5,205
Loss from discontinued operations, net of tax									0	0	0
Equity in loss of subsidiaries									(329)	(140)	(512)
Net (loss) income									(45,375)	31,813	4,693
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue									2,107,133	1,916,278	1,822,114
Home construction and land sales expenses									1,664,570	1,512,312	1,431,840
Inventory impairments and abandonments									4,538	2,389	14,572
Gross profit									438,025	401,577	375,702
Commissions									81,002	74,811	70,460
General and administrative expenses									168,536	161,804	153,524
Depreciation and amortization									13,807	14,009	13,794
Operating income									174,680	150,953	137,924
Equity in income of unconsolidated entities									34	371	131
Loss on extinguishment of debt									0	0	0
Other expense, net									1,046	429	1,061
Income from continuing operations before income taxes									175,760	151,753	139,116
Expense from income taxes									188,217	45,266	86,605
Equity in loss of subsidiaries									0	0	0
(Loss) income from continuing operations									(12,457)	106,487	52,511
Loss from discontinued operations, net of tax									(312)	(115)	(503)
Equity in loss of subsidiaries									0	0	0
Net (loss) income									(12,769)	106,372	52,008
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Total revenue									83	107	156
Home construction and land sales expenses									0	0	0
Inventory impairments and abandonments									0	0	0
Gross profit									83	107	156
Commissions									0	0	0
General and administrative expenses									122	102	104
Depreciation and amortization									0	0	0
Operating income									(39)	5	52
Equity in income of unconsolidated entities									0	0	0
Loss on extinguishment of debt									0	0	0
Other expense, net									(28)	(24)	(3)
Income from continuing operations before income taxes									(67)	(19)	49
Expense from income taxes									(19)	(6)	19
Equity in loss of subsidiaries									0	0	0
(Loss) income from continuing operations									(48)	(13)	30
Loss from discontinued operations, net of tax									(17)	(25)	(9)
Equity in loss of subsidiaries									0	0	0
Net (loss) income									$ (65)	$ (38)	$ 21

Supplemental Guarantor Information - Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 30,288	$ 95,909	$ 163,025
Cash flows from investing activities:
Capital expenditures	(17,020)	(12,440)	(12,219)
Proceeds from sale of fixed assets	370	297	2,624
Acquisition, net of cash acquired	(57,253)	0	0
Investments in unconsolidated entities	(421)	(3,261)	(4,241)
Return of capital from unconsolidated entities and marketable securities	176	1,621	1,142
Advances to/from subsidiaries	0	0	0
Net cash used in investing activities	(74,148)	(13,783)	(12,694)
Cash flows from financing activities:
Repayment of debt	(497,915)	(265,483)	(828,221)
Proceeds from issuance of new debt	400,000	250,000	642,150
Repayment of borrowings from credit facility	(225,000)	(25,000)	(90,000)
Borrowings from credit facility	225,000	25,000	90,000
Debt issuance costs	(6,272)	(4,919)	(11,246)
Other changes	(3,314)	(391)	(222)
Advances to/from subsidiaries	0	0	0
Net cash used in financing activities	(107,501)	(20,793)	(197,539)
(Decrease) increase in cash, cash equivalents, and restricted cash	(151,361)	61,333	(47,208)
Cash, cash equivalents, and restricted cash at end of period	153,248	304,609	243,276
Cash, cash equivalents, and restricted cash at beginning of period	304,609	243,276	290,484
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
Proceeds from sale of fixed assets	0	0	0
Acquisition, net of cash acquired	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities and marketable securities	0	0	0
Advances to/from subsidiaries	56,179	(148,120)	(203,701)
Net cash used in investing activities	56,179	(148,120)	(203,701)
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt	0	0	0
Repayment of borrowings from credit facility	0	0	0
Borrowings from credit facility	0	0	0
Debt issuance costs	0	0	0
Other changes	0	0	0
Advances to/from subsidiaries	(49,018)	145,459	202,393
Net cash used in financing activities	(49,018)	145,459	202,393
(Decrease) increase in cash, cash equivalents, and restricted cash	7,161	(2,661)	(1,308)
Cash, cash equivalents, and restricted cash at end of period	0	(7,161)	(4,500)
Cash, cash equivalents, and restricted cash at beginning of period	(7,161)	(4,500)	(3,192)
Beazer Homes USA, Inc.
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(25,713)	(74,046)	(56,218)
Cash flows from investing activities:
Capital expenditures	0	0	0
Proceeds from sale of fixed assets	0	0	0
Acquisition, net of cash acquired	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities and marketable securities	0	0	0
Advances to/from subsidiaries	(56,182)	148,081	203,690
Net cash used in investing activities	(56,182)	148,081	203,690
Cash flows from financing activities:
Repayment of debt	(497,915)	(253,046)	(819,044)
Proceeds from issuance of new debt	400,000	250,000	642,150
Repayment of borrowings from credit facility	(225,000)	(25,000)	(90,000)
Borrowings from credit facility	225,000	25,000	90,000
Debt issuance costs	(6,272)	(4,919)	(11,246)
Other changes	(3,314)	(391)	(222)
Advances to/from subsidiaries	0	0	0
Net cash used in financing activities	(107,501)	(8,356)	(188,362)
(Decrease) increase in cash, cash equivalents, and restricted cash	(189,396)	65,679	(40,890)
Cash, cash equivalents, and restricted cash at end of period	104,795	294,191	228,512
Cash, cash equivalents, and restricted cash at beginning of period	294,191	228,512	269,402
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	56,153	170,129	219,401
Cash flows from investing activities:
Capital expenditures	(17,020)	(12,440)	(12,219)
Proceeds from sale of fixed assets	370	297	2,624
Acquisition, net of cash acquired	(57,253)
Investments in unconsolidated entities	(421)	(3,261)	(4,241)
Return of capital from unconsolidated entities and marketable securities	176	1,621	1,142
Advances to/from subsidiaries	0	0	0
Net cash used in investing activities	(74,148)	(13,783)	(12,694)
Cash flows from financing activities:
Repayment of debt	0	(12,437)	(9,177)
Proceeds from issuance of new debt	0	0	0
Repayment of borrowings from credit facility	0	0	0
Borrowings from credit facility	0	0	0
Debt issuance costs	0	0	0
Other changes	0	0	0
Advances to/from subsidiaries	49,018	(145,459)	(202,393)
Net cash used in financing activities	49,018	(157,896)	(211,570)
(Decrease) increase in cash, cash equivalents, and restricted cash	31,023	(1,550)	(4,863)
Cash, cash equivalents, and restricted cash at end of period	47,878	16,855	18,405
Cash, cash equivalents, and restricted cash at beginning of period	16,855	18,405	23,268
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(152)	(174)	(158)
Cash flows from investing activities:
Capital expenditures	0	0	0
Proceeds from sale of fixed assets	0	0	0
Acquisition, net of cash acquired	0
Investments in unconsolidated entities	0	0	0
Return of capital from unconsolidated entities and marketable securities	0	0	0
Advances to/from subsidiaries	3	39	11
Net cash used in investing activities	3	39	11
Cash flows from financing activities:
Repayment of debt	0	0	0
Proceeds from issuance of new debt	0	0	0
Repayment of borrowings from credit facility	0	0	0
Borrowings from credit facility	0	0	0
Debt issuance costs	0	0	0
Other changes	0	0	0
Advances to/from subsidiaries	0		0
Net cash used in financing activities	0	0	0
(Decrease) increase in cash, cash equivalents, and restricted cash	(149)	(135)	(147)
Cash, cash equivalents, and restricted cash at end of period	575	724	859
Cash, cash equivalents, and restricted cash at beginning of period	$ 724	$ 859	$ 1,006

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventory Write-down	$ 6,331	$ 168	$ 0	$ 0	$ 1,693	$ 470	$ 282	$ 0	$ 6,499	$ 2,445	$ 15,282
Sales Commissions and Fees									81,002	74,811	70,460
Depreciation									13,807	14,009	13,794
Loss from discontinued operations, net of tax									(329)	(140)	(512)
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenue									633	0	0
Home construction and land sales expenses									612	72	668
Inventory Write-down									450	0	0
Gross loss									(429)	(72)	(668)
General and administrative expenses									101	169	137
Operating loss									(530)	(241)	(805)
Equity in income of unconsolidated entities									93	31	12
Other (expense) income, net									(4)	(5)	6
Loss from discontinued operations before income taxes									(441)	(215)	(787)
Benefit from income taxes									(112)	(75)	(275)
Loss from discontinued operations, net of tax									$ (329)	$ (140)	$ (512)

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 767,945	$ 511,521	$ 455,178	$ 372,489	$ 672,981	$ 478,588	$ 425,468	$ 339,241	$ 2,107,133	$ 1,916,278	$ 1,822,114
Gross profit	125,865	83,244	75,077	60,829	113,360	78,443	67,398	53,663	345,015	312,864	297,207
Operating income	43,462	17,580	13,825	6,681	37,783	15,569	7,511	1,275	81,548	62,138	59,325
Net (loss) income from continuing operations	$ 60,484	$ 13,429	$ 11,616	$ (130,575)	$ 33,693	$ 7,114	$ (7,495)	$ (1,359)	$ (45,046)	$ 31,953	$ 5,205
Basic EPS from continuing operations (in dollars per share)	$ 1.88	$ 0.42	$ 0.36	$ (4.07)	$ 1.05	$ 0.22	$ (0.23)	$ (0.04)	$ (1.40)	$ 1.00	$ 0.16
Diluted EPS from continuing operations (in dollars per share)	$ 1.83	$ 0.41	$ 0.36	$ (4.07)	$ 1.03	$ 0.22	$ (0.23)	$ (0.04)	$ (1.40)	$ 0.99	$ 0.16
Production Related Impairments or Charges [Abstract]
Inventory impairments and abandonments	$ 6,331	$ 168	$ 0	$ 0	$ 1,693	$ 470	$ 282	$ 0	$ 6,499	$ 2,445	$ 15,282
Gain (Loss) on Extinguishment of Debt [Abstract]
Loss on extinguishment of debt	$ (1,935)	$ 0	$ 0	$ (25,904)	$ 2,933	$ 0	$ (15,563)	$ 0	$ (27,839)	$ (12,630)	$ (13,423)

Subsequent Event (Details) - USD ($)	Oct. 01, 2018	Nov. 07, 2018	Sep. 30, 2018	Sep. 30, 2017
Secured Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 200,000,000	$ 180,000,000
Secured Revolving Credit Facility \| Maximum
Subsequent Event [Line Items]
Allowed increase in borrowing capacity			$ 250,000,000
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program authorized amount		$ 50,000,000
Accelerated share repurchases, aggregate purchase price		$ 16,500,000
Subsequent Event \| Secured Revolving Credit Facility
Subsequent Event [Line Items]
Basis points	0.50%
Subsequent Event \| Secured Revolving Credit Facility \| Maximum
Subsequent Event [Line Items]
Allowed increase in borrowing capacity	$ 210,000,000

Description of Business (Details)	Sep. 30, 2018 state region
Description of Business [Abstract]
Number of states in which home building segments operate \| state	13
Number of regions in which entity operates \| region	3

Borrowings - Schedule of Debt Redemption (Details)	12 Months Ended
Borrowings - Schedule of Debt Redemption (Details)	Sep. 30, 2018	Mar. 31, 2017
5 3/4% Senior Notes Maturing June 2019
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	5.75%
8 3/4% Senior Notes Maturing March 2022
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	8.75%
7 1/4% Senior Notes Maturing February 2023
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	7.25%
6 3/4% Senior Notes Maturing March of 2025
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	6.75%
5 7/8% Senior Notes Maturing October 2027
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	5.88%
Senior Notes \| 5 3/4% Senior Notes Maturing June 2019
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	5.75%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	8.75%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022 \| Debt Instrument, Redemption, Period One
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022 \| Debt Instrument, Redemption, Period Two
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	104.375%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022 \| Debt Instrument, Redemption, Period Three
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	102.188%
Senior Notes \| 8 3/4% Senior Notes Maturing March 2022 \| Debt Instrument, Redemption, Period Four
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	7.25%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023 \| Debt Instrument, Redemption, Period Two
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	103.625%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023 \| Debt Instrument, Redemption, Period Three
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	102.41%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023 \| Debt Instrument, Redemption, Period Four
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	101.208%
Senior Notes \| 7 1/4% Senior Notes Maturing February 2023 \| Debt Instrument, Redemption, Period Five
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	6.75%	6.75%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Debt Instrument, Redemption, Period One
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Debt Instrument, Redemption, Period Two
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	105.063%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Debt Instrument, Redemption, Period Three
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	103.375%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Debt Instrument, Redemption, Period Four
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	101.688%
Senior Notes \| 6 3/4% Senior Notes Maturing March of 2025 \| Debt Instrument, Redemption, Period Five
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027
Debt Instrument, Redemption [Line Items]
Debt instrument stated interest rate (percent)	5.875%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027 \| Debt Instrument, Redemption, Period One
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027 \| Debt Instrument, Redemption, Period Two
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	102.938%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027 \| Debt Instrument, Redemption, Period Three
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	101.958%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027 \| Debt Instrument, Redemption, Period Four
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.979%
Senior Notes \| 5 7/8% Senior Notes Maturing October 2027 \| Debt Instrument, Redemption, Period Five
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (percent)	100.00%