Headwaters 10-Q 31 Jul 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jun. 30, 2014	Jul. 23, 2014
Document and Entity Information	'	'
Entity Registrant Name	'HEADWATERS INC	'
Entity Central Index Key	'0001003344	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	73,495,965
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$114,464	$75,316
Trade receivables, net	114,998	109,868
Inventories	56,053	37,383
Current and deferred income taxes	12,427	14,036
Other	12,402	7,280
Total current assets	310,344	243,883
Property, plant and equipment, net	176,281	159,619
Other assets:	'	'
Goodwill	186,040	137,198
Intangible assets, net	152,679	139,797
Other	42,896	43,512
Total other assets	381,615	320,507
Total assets	868,240	724,009
Current liabilities:	'	'
Accounts payable	24,857	21,810
Accrued personnel costs	42,049	47,746
Accrued interest	15,515	16,077
Current income taxes	0	120
Other accrued liabilities	42,067	55,268
Current portion of long-term debt	0	7,553
Total current liabilities	124,488	148,574
Long-term liabilities:	'	'
Long-term debt	599,539	449,420
Income taxes	20,980	24,637
Other	24,337	16,968
Total long-term liabilities	644,856	491,025
Total liabilities	769,344	639,599
Commitments and contingencies	'	'
Non-controlling interest in consolidated subsidiary	13,698	0
Stockholders' equity:	'	'
Common stock, $0.001 par value; authorized 200,000 shares; issued and outstanding: 73,149 shares at September 30, 2013 and 73,492 shares at June 30, 2014	73	73
Capital in excess of par value	722,872	720,828
Retained earnings (accumulated deficit)	-637,214	-635,972
Treasury stock	-533	-519
Total stockholders' equity	85,198	84,410
Total liabilities and stockholders' equity	$868,240	$724,009

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, except Per Share data, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, authorized shares	200,000	200,000
Common stock, issued shares	73,492	73,149
Common stock, outstanding shares	73,492	73,149

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue:	'	'	'	'
Light building products	$140,572	$118,035	$327,723	$279,501
Heavy construction materials	80,636	75,114	211,250	197,286
Energy technology	2,191	3,881	6,553	10,804
Total revenue	223,399	197,030	545,526	487,591
Cost of revenue:	'	'	'	'
Light building products	97,673	82,096	237,839	202,723
Heavy construction materials	57,070	54,642	157,504	151,622
Energy technology	984	1,787	3,067	5,085
Total cost of revenue	155,727	138,525	398,410	359,430
Gross profit	67,672	58,505	147,116	128,161
Operating expenses:	'	'	'	'
Amortization	5,477	5,319	16,068	15,543
Selling, general and administrative	36,504	30,001	97,248	84,517
Total operating expenses	41,981	35,320	113,316	100,060
Operating income (loss)	25,691	23,185	33,800	28,101
Other income (expense):	'	'	'	'
Net interest expense	-12,121	-11,111	-34,411	-32,722
Other, net	-36	24	-56	262
Total other income (expense), net	-12,157	-11,087	-34,467	-32,460
Income (loss) from continuing operations before income taxes	13,534	12,098	-667	-4,359
Income tax benefit (provision)	-2,410	-2,850	150	-550
Income (loss) from continuing operations	11,124	9,248	-517	-4,909
Income (loss) from discontinued operations, net of income taxes	-231	1,768	-106	1,793
Net income (loss)	10,893	11,016	-623	-3,116
Net income attributable to non-controlling interest	-389	0	-619	0
Net income (loss) attributable to Headwaters Incorporated	$10,504	$11,016	($1,242)	($3,116)
Basic and diluted income (loss) per share attributable to Headwaters Incorporated:	'	'	'	'
From continuing operations (in dollars per share)	$0.14	$0.13	($0.02)	($0.07)
From discontinued operations (in dollars per share)	$0	$0.02	$0	$0.02
Earnings (loss) per share, basic and diluted, total (in dollars per share)	$0.14	$0.15	($0.02)	($0.05)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
In Thousands, unless otherwise specified
Balances at Sep. 30, 2013	$73	$720,828	($635,972)	($519)	$84,410
Balances (in shares) at Sep. 30, 2013	73,149	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'
Issuance of common stock pursuant to employee stock purchase plan	0	612	'	'	612
Issuance of common stock pursuant to employee stock purchase plan (in shares)	65	'	'	'	'
Issuance of restricted stock, net of cancellations	0	'	'	'	0
Issuance of restricted stock, net of cancellations (in shares)	150	'	'	'	'
Exercise of stock appreciation rights and restricted stock units	0	'	'	'	0
Exercise of stock appreciation rights and restricted stock units (in shares)	128	'	'	'	'
Stock-based compensation	'	1,576	'	'	1,576
Net 10 share decrease in treasury stock held for deferred compensation plan obligations, at cost	'	14	'	-14	0
Fair value adjustment of non-controlling interest	'	-158	'	'	-158
Net loss attributable to Headwaters Incorporated	'	'	-1,242	'	-1,242
Balances at Jun. 30, 2014	$73	$722,872	($637,214)	($533)	$85,198
Balances (in shares) at Jun. 30, 2014	73,492	'	'	'	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($623)	($3,116)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	40,714	39,432
Interest expense related to amortization of debt issue costs and debt discount	1,699	4,999
Stock-based compensation	1,576	1,267
Deferred income taxes	429	223
Net loss (gain) on disposition of property, plant and equipment	-84	-726
Gain on sale of discontinued operations, net of income taxes	-3,032	-2,158
Asset impairments	1,466	0
Net loss of unconsolidated joint ventures	286	0
Gain on convertible debt repayments	0	-35
Decrease in trade receivables	3,531	1,066
Increase in inventories	-8,639	-2,931
Decrease in accounts payable and accrued liabilities	-27,216	-25,748
Other changes in operating assets and liabilities, net	-4,910	-4,403
Net cash provided by (used in) operating activities	5,197	7,870
Cash flows from investing activities:	'	'
Payments for acquisitions	-88,579	-43,250
Payments for investments in unconsolidated joint ventures	-1,450	0
Purchase of property, plant and equipment	-25,367	-21,546
Proceeds from disposition of property, plant and equipment	864	855
Proceeds from sale of discontinued operations	4,666	4,813
Net decrease (increase) in long-term receivables and deposits	7,673	-694
Net change in other assets	-2,876	-430
Net cash used in investing activities	-105,069	-60,252
Cash flows from financing activities:	'	'
Net proceeds from issuance of common stock	0	77,957
Net proceeds from issuance of long-term debt	146,200	0
Payments on long-term debt	-7,792	-39,476
Employee stock purchases	612	609
Net cash provided by financing activities	139,020	39,090
Net increase (decrease) in cash and cash equivalents	39,148	-13,292
Cash and cash equivalents, beginning of period	75,316	53,782
Cash and cash equivalents, end of period	$114,464	$40,490

Nature_of_Operations_and_Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Jun. 30, 2014
Nature of Operations and Basis of Presentation	'
Nature of Operations and Basis of Presentation	'
	1.Nature of Operations and Basis of Presentation
	Description of Business and Organization — Headwaters Incorporated (Headwaters) is a building products company incorporated in Delaware, providing products and services in the light and heavy building materials segments. Headwaters’ vision is to improve lives through innovative advancements in construction materials.
	The light building products segment designs, manufactures, and sells a wide variety of building products, including exterior vinyl siding accessories (such as shutters, mounting blocks, and vents), manufactured architectural stone, roofing materials and concrete block. Headwaters believes that many of its branded products have a leading market position. Revenues from Headwaters’ light building products businesses are diversified geographically and also by market, including the new housing and residential repair and remodeling markets, as well as commercial construction markets.
	The heavy construction materials segment is the nationwide leader in the management and marketing of coal combustion products (CCPs), including fly ash which is primarily sold directly to concrete manufacturers who use it as a mineral admixture for the partial replacement of portland cement in concrete. Headwaters’ heavy construction materials business is comprised of a nationwide supply, storage and distribution network. Headwaters also provides services to electric utilities related to the management of CCPs.
	In addition to the two building materials segments described above, Headwaters also has a non-core energy technology segment which has been focused on reducing waste and increasing the value of energy-related feedstocks, primarily in the areas of low-value oil and coal. In oil, Headwaters believes that its upgrading technology represents a substantial improvement over current heavy oil refining technologies. Headwaters’ heavy oil upgrading process uses a liquid catalyst precursor to generate a highly active molecular catalyst to convert low-value residual oil into higher-value distillates that can be further refined into gasoline, diesel and other products. In coal, Headwaters owned and operated coal cleaning facilities that separate ash from waste coal to provide a refined coal product that is higher in Btu value and lower in impurities than the feedstock coal. As described in Note 4, Headwaters disposed of its remaining coal cleaning facilities in January 2013 and the results of Headwaters’ coal cleaning operations have been presented as discontinued operations for all periods.
	Basis of Presentation — Headwaters’ fiscal year ends on September 30 and unless otherwise noted, references to years refer to Headwaters’ fiscal year rather than a calendar year. The unaudited interim condensed consolidated financial statements include the accounts of Headwaters, all of its subsidiaries and other entities in which Headwaters has a controlling interest. All significant intercompany transactions and accounts are eliminated in consolidation. Due to the seasonality of most of Headwaters’ operations and other factors, the consolidated results of operations for any particular period are not indicative of the results to be expected for a full fiscal year. During the nine months ended June 30, 2013, approximately 12% of Headwaters’ total revenue and cost of revenue was for services. During the nine months ended June 30, 2014, approximately 11% of Headwaters’ total revenue and cost of revenue was for services. Substantially all service-related revenue for both periods was in the heavy construction materials segment.
	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (SEC) for quarterly reports on Form 10-Q. In the opinion of management, all adjustments considered necessary for a fair presentation have been included, and consist of normal recurring adjustments. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in Headwaters’ Annual Report on Form 10-K for the year ended September 30, 2013 (Form 10-K) and in Headwaters’ Quarterly Reports on Form 10-Q for the quarters ended December 31, 2013 and March 31, 2014.
	Recent Accounting Pronouncements — In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC Topic 606). This new revenue standard creates a single source of revenue guidance for all companies in all industries and is more principles-based than current revenue guidance. For Headwaters, the mandatory adoption date of ASC 606 is October 1, 2017 and there are two methods of adoption allowed, either a “full” retrospective adoption or a “modified” retrospective adoption. Headwaters is currently evaluating the impact of ASC 606, but at the current time does not know what impact the new standard will have on revenue recognized and other accounting decisions in future periods, if any, nor what method of adoption will be selected if the impact is material.
	Headwaters has reviewed other recently issued accounting standards which have not yet been adopted in order to determine their potential effect, if any, on the results of operations or financial position of Headwaters. Based on the review of these other recently issued standards, Headwaters does not currently believe that any of those accounting pronouncements will have a significant effect on its current or future financial position, results of operations, cash flows or disclosures.
	Reclassifications — Certain prior period amounts have been reclassified to conform to the current period’s presentation. The reclassifications had no effect on net income (loss) or total assets.

Segment_Reporting

Segment Reporting	9 Months Ended
	Jun. 30, 2014
Segment Reporting	'
Segment Reporting	'
	2.Segment Reporting
	Headwaters currently operates three business segments: light building products, heavy construction materials and energy technology. These segments are managed and evaluated separately by management due to differences in their markets, operations, products and services. Revenues for the light building products segment consist of product sales to wholesale and retail distributors, contractors and other users of building products. Revenues for the heavy construction materials segment consist primarily of CCP product sales to ready-mix concrete businesses, with a smaller amount from services provided to coal-fueled electric generating utilities. Currently, continuing revenues for the energy technology segment consist primarily of catalyst sales to oil refineries. Historically, revenues for the energy technology segment consisted primarily of coal sales; however, as described in Note 4, Headwaters sold all of its coal cleaning facilities in fiscal 2012 and 2013. Coal sales revenue and results of operations have been reflected as discontinued operations in the accompanying statements of operations for all periods. Intersegment sales are immaterial.
	The following segment information has been prepared in accordance with ASC Topic 280 Segment Reporting. Segment performance is evaluated primarily on revenue and operating income, although other factors are also used, such as Adjusted EBITDA. Headwaters defines Adjusted EBITDA as net income plus net interest expense, income taxes, depreciation and amortization, stock-based compensation, cash-based compensation tied to stock price, goodwill and other impairments, and other non-routine adjustments that arise from time to time.
	Segment costs and expenses considered in deriving segment operating income (loss) include cost of revenue, amortization, and segment-specific selling, general and administrative expenses. Amounts included in the Corporate column represent expenses that are not allocated to any segment and include administrative departmental costs and general corporate overhead. Segment assets reflect those specifically attributable to individual segments and primarily include cash, accounts receivable, inventories, property, plant and equipment, goodwill and intangible assets. Certain other assets are included in the Corporate column. The net operating results of the discontinued coal cleaning business are reflected in the single line item for discontinued operations.
		Three Months Ended June 30, 2013
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	118,035		$	75,114		$	3,881		$	0		$	197,030
	Depreciation and amortization	$	(10,009	)	$	(3,222	)	$	(542	)	$	(77	)	$	(13,850	)
	Operating income (loss)	$	15,509		$	12,823		$	(339	)	$	(4,808	)	$	23,185
	Net interest expense													(11,111		)
	Other income (expense), net													24
	Income tax provision													(2,850		)
	Income from continuing operations													9,248
	Income from discontinued operations, net of income taxes													1,768
	Net income													$	11,016
	Capital expenditures	$	4,813		$	1,786		$	123		$	417		$	7,139
	Segment assets as of September 30, 2013	$	306,686		$	358,684		$	34,509		$	24,130		$	724,009
		Three Months Ended June 30, 2014
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	140,572		$	80,636		$	2,191		$	0		$	223,399
	Depreciation and amortization	$	(10,336	)	$	(3,444	)	$	(408	)	$	(66	)	$	(14,254	)
	Operating income (loss)	$	18,691		$	15,019		$	(1,761	)	$	(6,258	)	$	25,691
	Net interest expense													(12,121		)
	Other income (expense), net													(36		)
	Income tax provision													(2,410		)
	Income from continuing operations													11,124
	Loss from discontinued operations, net of income taxes													(231		)
	Net income													$	10,893
	Capital expenditures	$	6,604		$	1,968		$	93		$	758		$	9,423
	Segment assets	$	420,527		$	382,274		$	30,234		$	35,205		$	868,240
		Nine Months Ended June 30, 2013
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	279,501		$	197,286		$	10,804		$	0		$	487,591
	Depreciation and amortization	$	(28,102	)	$	(9,493	)	$	(1,627	)	$	(210	)	$	(39,432	)
	Operating income (loss)	$	19,971		$	24,096		$	(1,462	)	$	(14,504	)	$	28,101
	Net interest expense													(32,722		)
	Other income (expense), net													262
	Income tax provision													(550		)
	Loss from continuing operations													(4,909		)
	Income from discontinued operations, net of income taxes													1,793
	Net loss													$	(3,116	)
	Capital expenditures	$	15,704		$	3,846		$	392		$	1,604		$	21,546
		Nine Months Ended June 30, 2014
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	327,723		$	211,250		$	6,553		$	0		$	545,526
	Depreciation and amortization	$	(29,094	)	$	(10,049	)	$	(1,375	)	$	(196	)	$	(40,714	)
	Operating income (loss)	$	25,684		$	30,180		$	(4,868	)	$	(17,196	)	$	33,800
	Net interest expense													(34,411		)
	Other income (expense), net													(56		)
	Income tax benefit													150
	Loss from continuing operations													(517		)
	Loss from discontinued operations, net of income taxes													(106		)
	Net loss													$	(623	)
	Capital expenditures	$	17,920		$	4,530		$	398		$	2,519		$	25,367

Acquisitions

Acquisitions	9 Months Ended
	Jun. 30, 2014
Acquisitions	'
Acquisitions	'
	3.Acquisitions
	Kleer Lumber — On December 31, 2012, a subsidiary of Headwaters acquired certain assets and assumed certain liabilities of Kleer Lumber, Inc., a privately-held Massachusetts-based company in the light building products industry. Kleer Lumber’s results of operations have been included with Headwaters’ consolidated results beginning January 1, 2013.
	Kleer Lumber is a manufacturer of high quality cellular PVC products, primarily trim boards, but also millwork, sheet stock, railing, paneling, and moulding. Headwaters believes the demand for cellular PVC building products is growing due to the ability to cut, mill, shape, and install in the same manner as wood products, but with the added benefit of cellular PVC requiring significantly less maintenance than wood. Kleer Lumber primarily distributes its products into independent lumber yards located in the Northeast and Mid-Atlantic states.
	Total consideration paid for Kleer Lumber was approximately $43.3 million, all of which was cash. Direct acquisition costs, consisting primarily of fees for advisory, legal and other professional services, totaled approximately $0.9 million and were included in selling, general and administrative expense in the statement of operations for the December 2012 quarter.
	The Kleer Lumber acquisition was accounted for as a business combination in accordance with the requirements of ASC 805 Business Combinations. The following table sets forth the estimated fair values of assets acquired and liabilities assumed as of the acquisition date:
		(in thousands)
	Current assets	$	5,818
	Current liabilities	(3,093		)
	Property, plant and equipment	4,098
	Intangible assets:
	Customer relationships (15 year life)	11,100
	Trade name (indefinite life)	4,800
	Goodwill	20,527
	Net assets acquired	$	43,250
	Kleer Lumber’s future growth attributable to new customers, geographic market presence and assembled workforce are additional assets that are not separable and which contributed to recorded goodwill, all of which is tax deductible over 15 years. All of Headwaters’ goodwill plus the indefinite-lived trade name are tested for impairment annually, and all acquired goodwill and intangible assets are subject to review for impairment if indicators of impairment develop in the future.
	Entegra — On December 12, 2013, Headwaters acquired 80% of the equity interests of Roof Tile, Inc., a privately-held Florida-based company in the light building products industry, which markets its products primarily under the Entegra brand. Entegra’s results of operations have been included with Headwaters’ consolidated results beginning December 13, 2013.
	Entegra is a leading manufacturer of high quality concrete roof tiles and accessories which are sold primarily into the Florida market. The acquisition of Entegra provides additional product offerings to Headwaters’ current roofing products portfolio. Headwaters believes the strategic location of Entegra’s centralized manufacturing plant in Florida, the quality of its contractor/customer relationships, and the scope of its products and services provide a strong competitive advantage. Many of its customers are currently customers of Headwaters, and provide Headwaters the opportunity to expand existing sales and distribution within the Florida market, which is the third fastest growing state in the U.S. in terms of population.
	Total consideration paid for Entegra was approximately $57.5 million, all of which was cash. Direct acquisition costs, consisting primarily of fees for legal services, totaled approximately $0.4 million and were included in selling, general and administrative expense in the statement of operations for the nine months ended June 30, 2014. Headwaters has the right, but not the obligation, to acquire the non-controlling 20% equity interest in Entegra for a stipulated multiple of EBITDA adjusted for certain prescribed items. This call right is exercisable at any time after five years following the date of acquisition, unless certain defined events occur prior to that time, in which case the right is exercisable earlier. The non-controlling owners have the right, but not the obligation, to require Headwaters to acquire the non-controlling 20% equity interest, again for a stipulated multiple of EBITDA adjusted for certain prescribed items. This put right is exercisable at any time after 18 months following the date of acquisition, unless certain defined events under Headwaters’ control occur prior to that time, in which case the right is exercisable earlier.
	The Entegra acquisition has been accounted for as a business combination in accordance with the requirements of ASC 805 Business Combinations. The following table sets forth the estimated fair values of assets acquired and liabilities assumed as of the acquisition date, using available information and assumptions Headwaters deems to be reasonable at the current time. Headwaters is in the process of finalizing all of the estimated amounts shown below, particularly the third-party valuations of the fair values of the acquired intangible assets; therefore, the provisional measurements shown in the table are subject to change.
		(in thousands)
	Current assets	$	8,260
	Current liabilities	(3,422		)
	Property, plant and equipment	10,589
	Intangible assets:
	Customer relationships (15 year life)	18,600
	Trade name (indefinite life)	6,600
	Goodwill	30,089
	Net assets acquired	70,716
	Less non-controlling interest	(13,239		)
	Net assets attributable to Headwaters	$	57,477
	Entegra’s future growth attributable to new customers, geographic market presence and assembled workforce are additional assets that are not separable and which contributed to recorded goodwill, all of which is tax deductible over 15 years. All of Headwaters’ goodwill plus the indefinite-lived trade name are tested for impairment annually, and all acquired goodwill and intangible assets are subject to review for impairment if indicators of impairment develop in the future.
	Gerard — On May 16, 2014, Headwaters acquired certain assets and assumed certain liabilities of the roofing products business of Metals USA Building Products, which products are marketed under the Gerard and Allmet brands. Gerard’s results of operations are being reported within the light building products segment and have been included with Headwaters’ consolidated results beginning May 16, 2014.
	Gerard is the second largest manufacturer of stone coated metal roofing materials in the U.S. and sells seven primary metal profiles. These niche roofing products combine aesthetically pleasing profiles resembling tile, shake, or slate with a fire proof material and a low lifetime installed cost. The acquisition of Gerard increases the number of specialty niche roofing products that Headwaters provides to its core customers and is an area of focus for Headwaters. With the addition of Gerard, Headwaters now has three product categories in niche roofing, including composite, concrete, and metal, which could increase opportunities for cross selling. Besides broadening the niche roofing product lines, Gerard also expands Headwaters geographic footprint in the roofing category.
	Total consideration paid for Gerard was approximately $28.0 million, all of which was cash; however, the purchase price is subject to adjustment for the final calculation of acquisition-date working capital, which calculation is currently expected to be finalized in the September 2014 quarter. Direct acquisition costs, consisting primarily of fees for legal services, totaled approximately $0.2 million and were included in selling, general and administrative expense in the statement of operations for the quarter ended June 30, 2014.
	The Gerard acquisition has been accounted for as a business combination in accordance with the requirements of ASC 805 Business Combinations. The following table sets forth the estimated fair values of assets acquired and liabilities assumed as of the acquisition date, using available information and assumptions Headwaters deems to be reasonable at the current time. Headwaters is in the process of finalizing all of the estimated amounts shown below, including the third-party valuations of the fair values of the acquired intangible assets; therefore, the provisional measurements shown in the table are subject to change.
		(in thousands)
	Current assets	$	9,358
	Current liabilities	(5,637		)
	Property, plant and equipment	6,617
	Goodwill and intangible assets	17,664
	Net assets acquired	$	28,002
	The process of identifying and valuing the intangible assets that were acquired is in the early stages and all intangible assets have been included with goodwill in the June 30, 2014 condensed consolidated balance sheet and in the above table. When the intangible assets have been identified and valued, and estimated useful lives are determined, amortization of those intangible assets will be adjusted effective as of May 16, 2014.
	Other — During the March 2014 quarter, Headwaters acquired the assets of a company in the heavy construction materials industry located in the Northeast U.S. for initial cash consideration of approximately $3.1 million. This acquisition increased Headwaters’ supply of fly ash and bottom ash, improving its competitive position in that region. Subsequent to June 30, 2014, Headwaters acquired the assets of another company in the heavy construction materials industry located in the Southeast U.S. for cash consideration of approximately $7.4 million. This acquisition has increased Headwaters’ supply of ash products produced by industrial boilers and has strengthened the ability to meet customers’ needs along the Gulf Coast.
	Combined Financial Information — No revenue or earnings from the 2014 acquired businesses are included in Headwaters’ statements of operations for the 2013 periods. The actual revenue from the 2014 acquisitions included in Headwaters’ statements of operations for the three- and nine-month periods ended June 30, 2014 was approximately $15.2 million and $26.0 million, respectively, and the actual earnings including non-controlling interest from the 2014 acquisitions included in Headwaters’ statements of operations for the three- and nine-month periods ended June 30, 2014 was approximately $1.7 million and $2.6 million, respectively. The following represents the pro forma consolidated revenue and net income (loss) for Headwaters for the periods indicated as if the 2014 acquisitions had been included in Headwaters’ consolidated results of operations beginning October 1, 2012.
		Three months ended					Nine months ended
		June 30,					June 30,
	(in thousands)	2013			2014		2013			2014
	Revenue	$	212,890		$	227,360	$	531,472		$	572,310
	Net income (loss)	11,728			11,309		(1,440		)	1,945
	The above pro forma results have been calculated by combining the historical results of Headwaters and the 2014 acquisitions as if the acquisitions had occurred on October 1, 2012, and adjusting the income tax provision as if it had been calculated on the resulting, combined results. The pro forma results include an estimate for all periods for intangible asset amortization (which is subject to change when the final asset values have been determined) and also reflect the following 2014 expenses in fiscal 2013 instead of in 2014:  $0.6 million of direct acquisition costs and $1.2 million of nonrecurring expense related to the fair value adjustment to acquisition-date inventory. No other material pro forma adjustments were deemed necessary, either to conform the 2014 acquisitions to Headwaters’ accounting policies or for any other situation. The pro forma information is not necessarily indicative of the results that would have been achieved had the transactions occurred on October 1, 2012 or that may be achieved in the future.
	Non-controlling Interest in Consolidated Subsidiary — As described above, Headwaters acquired 80% of the equity interests of Entegra, and the non-controlling owners have the right to require Headwaters to acquire the non-controlling 20% equity interest. This put right is considered to be redeemable and because the redemption feature is not deemed to be a freestanding financial instrument and is not solely within the control of Headwaters, the non-controlling interest does not qualify as permanent equity and has been reported outside the stockholders’ equity section of the balance sheet as temporary, or mezzanine, equity. The value of the non-controlling interest was affected by the lack of control as well as the estimated fair values of the put and call rights.
	Because there is no fixed or probable redemption date for the put right, Headwaters adjusts quarterly the carrying value of the non-controlling interest to reflect its estimated fair value at each quarter end. Fair value is estimated based on the EBITDA formula described previously for determining the price that would be paid if the put right were to have been exercised at quarter end, except that the adjusted carrying amount cannot be decreased below the original acquisition date fair value amount.
	The following table summarizes the activity of the non-controlling interest during the nine-month period ended June 30, 2014.
		(in thousands)
	Estimated fair value as of acquisition date	$	13,239
	Net income attributable to non-controlling interest	619
	Dividend	(318		)
	Fair value adjustment	158
	Balance as of June 30, 2014	$	13,698

Discontinued_Operations

Discontinued Operations	9 Months Ended
	Jun. 30, 2014
Discontinued Operations	'
Discontinued Operations	'
	4.Discontinued Operations
	In September 2011, the Board of Directors committed to a plan to sell the coal cleaning business, which was part of the energy technology segment. At that time the business met all of the criteria for classification as held for sale and presentation as a discontinued operation. Following the sale of all remaining coal cleaning facilities in January 2013, there are no remaining assets held for sale. The results of operations for Headwaters’ coal cleaning business have been presented as discontinued operations for all periods presented and certain summarized information for the discontinued business is presented in the following table.
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
	(in thousands)	2013			2014			2013			2014
	Revenue	$	0		$	0		$	4,386		$	0
	Loss from operations of discontinued operations before income taxes	$	0		$	(146	)	$	(3,085	)	$	(3,138	)
	Gain (loss) on disposal	(952		)	(85		)	2,158			3,032
	Income tax benefit	2,720			0			2,720			0
	Income (loss) from discontinued operations, net of income taxes	$	1,768		$	(231	)	$	1,793		$	(106	)
	Headwaters sold all of its coal cleaning facilities in fiscal 2012 and 2013, and recognized estimated gains at the time of sale. Subsequent to the dates of sale, some adjustments of the previously recognized estimated gains on the sales transactions have been recognized, including the reported amounts reflected in the table above. Headwaters currently expects that additional adjustments to the estimated gains and losses may be recognized in fiscal 2014 and beyond as certain contingencies are resolved. The loss from operations reflected in the table includes expenses for certain litigation which commenced prior to disposal of the business.
	For all sales transactions, a majority of the consideration is in the form of potential production royalties and deferred purchase price, which amounts are dependent upon future plant production levels over several years. Potential future production royalties and deferred purchase price on the sales transactions were not considered in the gain calculations and will be accounted for in future periods when any such amounts are received. During the nine months ended June 30, 2014, Headwaters received $2.7 million of deferred purchase price payments, along with the collection of certain receivables which had been reserved.
	In accordance with the terms of the asset purchase agreement for one of the sales transactions, the buyer of the coal cleaning facilities agreed to assume the lease and reclamation obligations related to certain of the facilities. Subsequent to the date of sale, Headwaters amended the purchase agreement to provide the buyer with additional time to make payments to Headwaters, as well as fulfill contractual requirements related to the assumed reclamation obligations. As of June 30, 2014, Headwaters remains contingently liable for one of the assumed obligations and has accrued approximately $8.0 million to meet that contingent liability if necessary. Headwaters has also reserved certain receivables due from the buyer until such time as collection is more certain. Headwaters currently expects to continue to reflect as discontinued operations all activity related to the former coal cleaning business, at least until such time as the significant reclamation contingency is resolved.

Inventories

Inventories	9 Months Ended
	Jun. 30, 2014
Inventories	'
Inventories	'
	5.Inventories
	Inventories consisted of the following at:
	(in thousands)	September 30, 2013		June 30, 2014
	Raw materials	$	9,909	$	12,371
	Finished goods	27,474		43,682
		$	37,383	$	56,053

Intangible_Assets

Intangible Assets	9 Months Ended
	Jun. 30, 2014
Intangible Assets	'
Intangible Assets	'
	6.Intangible Assets
	The following table summarizes the gross carrying amounts and related accumulated amortization of intangible assets as of:
				September 30, 2013				June 30, 2014
	(in thousands of dollars)	Estimated		Gross		Accumulated		Gross		Accumulated
		useful lives		Carrying		Amortization		Carrying		Amortization
				Amount				Amount
	Trade names	Indefinite		$	4,800	—		$	11,400	—
	CCP contracts	15 - 20 years		106,400		$	58,699	110,590		$	62,783
	Customer relationships	5 - 15 years		83,564		44,129		101,283		48,362
	Trade names	5 - 20 years		67,790		30,502		67,220		32,539
	Patents and patented technologies	5 - 19 years		55,099		46,954		54,371		50,698
	Other	6 - 17 years		3,960		1,532		3,935		1,738
				$	321,613	$	181,816	$	348,799	$	196,120
	The above table does not include any amounts for potential intangible assets acquired in the Gerard acquisition described in Note 3 because the process of identifying and valuing those intangible assets is in the early stages. The increase in gross carrying amount of intangible assets from September 30, 2013 to June 30, 2014 is primarily attributable to assets acquired in the other acquisition transactions described in Note 3. Amortization expense for fiscal 2014 is also subject to finalization of the valuation efforts related to the intangible assets acquired in the 2014 transactions. Total recorded amortization expense related to intangible assets was approximately $5.3 million and $5.5 million for the quarters ended June 30, 2013 and 2014, respectively, and approximately $15.5 million and $16.1 million for the nine months ended June 30, 2013 and 2014, respectively.
	Total currently estimated annual amortization expense for 2014 through 2019 is shown in the following table, which estimates are subject to change when the fair values of the intangible assets acquired in 2014 are finalized.
	Year ending September 30:	(in thousands)
	2014	$	21,153
	2015	17,276
	2016	17,019
	2017	16,141
	2018	16,091
	2019	15,063

Longterm_Debt

Long-term Debt	9 Months Ended
	Jun. 30, 2014
Long-term Debt	'
Long-term Debt	'
	7.Long-term Debt
	The total undiscounted face amount of Headwaters’ outstanding long-term debt was approximately $457.5 million as of September 30, 2013 and $599.8 million as of June 30, 2014. As of those dates, the discounted carrying value of long-term debt consisted of the following:
	(in thousands)	September 30,			June 30,
		2013			2014
	7-5/8% Senior secured notes, due April 2019	$	400,000		$	400,000
	7¼% Senior notes, due January 2019	0			150,000
	Convertible senior subordinated notes:
	2.50%, repaid in February 2014 (face amount $7,687), net of discount	7,553			0
	8.75%, due February 2016 (face amount $49,791), net of discount	49,420			49,539
	Total convertible senior subordinated notes, net of applicable discounts	56,973			49,539
	Carrying amount of long-term debt, net of discounts	456,973			599,539
	Less current portion	(7,553		)	0
	Long-term debt	$	449,420		$	599,539
	7-5/8% Senior Secured Notes — In 2011, Headwaters issued $400.0 million of 7-5/8% senior secured notes for net proceeds of approximately $392.8 million. The 7-5/8% notes mature in April 2019 and bear interest at a rate of 7.625%, payable semiannually. The notes are secured by substantially all assets of Headwaters; however, the note holders have a second priority position with respect to the assets that secure the ABL Revolver described below, currently consisting of certain trade receivables and inventories of Headwaters’ light building products and heavy construction materials segments. The notes are senior in priority to the 7¼% senior notes described below to the extent of the value of the assets securing the 7-5/8% notes, and are senior to all other outstanding and future subordinated debt.
	Headwaters can redeem the 7-5/8% notes, in whole or in part, at any time after March 2015 at redemption prices ranging from 103.8% to 100.0%, depending on the redemption date. Headwaters can also redeem any portion of the notes at any time through March 2015 at a price equal to 100% plus a make-whole premium. If there is a change in control, Headwaters will be required to offer to purchase the notes from holders at a purchase price equal to 101% of the principal amount.
	The senior secured notes limit Headwaters in the incurrence of additional debt and liens on assets, prepayment of future new subordinated debt, merging or consolidating with another company, selling all or substantially all assets, making investments and the payment of dividends or distributions, among other things. Headwaters was in compliance with all debt covenants as of June 30, 2014.
	7¼% Senior Notes — In December 2013, Headwaters issued $150.0 million of 7¼% senior notes for net proceeds of approximately $146.2 million. The 7¼% notes are unsecured, mature in January 2019 and bear interest at a rate of 7.25%, payable semiannually. The notes are effectively subordinate in priority to the 7-5/8% senior secured notes and the ABL Revolver described below, to the extent of the value of the assets securing such debt, and are senior to all other outstanding and future subordinated debt.
	Headwaters can redeem the 7¼% notes, in whole or in part, at any time after January 15, 2016 at redemption prices ranging from 103.625% to 100.0%, depending on the redemption date. In addition, until January 15, 2016, Headwaters can redeem at a price of 107.25% up to 35% of the outstanding notes with the net proceeds from one or more equity offerings. Headwaters can also redeem any of the notes at any time prior to January 15, 2016 at a price equal to 100% of the principal amount plus a make-whole premium. If there is a change in control, Headwaters will be required to offer to purchase the notes from holders at a purchase price equal to 101% of the principal amount.
	The 7¼% notes limit Headwaters in the incurrence of additional debt and liens on assets, prepayment of subordinated debt, merging or consolidating with another company, selling all or substantially all assets, making investments and the payment of dividends or distributions, among other things. Headwaters was in compliance with all debt covenants as of June 30, 2014.
	ABL Revolver — Since entering into the ABL Revolver, Headwaters has not borrowed any funds under the arrangement and has no borrowings outstanding as of June 30, 2014. Availability under the ABL Revolver cannot exceed $70.0 million, which includes a $35.0 million sub-line for letters of credit and a $10.5 million swingline facility. Availability under the ABL Revolver is further limited by the borrowing base valuations of the assets of Headwaters’ light building products and heavy construction materials segments which secure the borrowings, currently consisting of certain trade receivables and inventories. In addition to the first lien position on these assets, the ABL Revolver lenders have a second priority position on substantially all other assets of Headwaters. As of June 30, 2014, Headwaters had secured letters of credit under the ABL Revolver of approximately $7.4 million for various purposes and had availability under the ABL Revolver of approximately $60.6 million.
	The ABL Revolver terminates in October 2018. There is a contingent provision for early termination at any time within three months prior to the earliest maturity date of the senior secured notes, the senior notes or the convertible senior subordinated notes, at which time any amounts borrowed must be repaid. The contingent provision for early termination is precluded if borrowing base capacity under the ABL Revolver and/or cash collateral is at least equivalent to the amount of notes maturing on such date.
	Outstanding borrowings under the ABL Revolver accrue interest at Headwaters’ option, at either i) the London Interbank Offered Rate (LIBOR) plus 1.75%, 2.0% or 2.25%, depending on Headwaters’ average net excess availability under the ABL; or ii) the “Base Rate” plus 0.5%, 0.75% or 1.0%, again depending on average net excess availability. The base rate is subject to a floor equal to the highest of i) the prime rate, ii) the federal funds rate plus 0.5%, and iii) the 30-day LIBOR rate plus 1.0%. Fees on the unused portion of the ABL Revolver range from 0.25% to 0.375%, depending on the amount of the credit facility which is utilized. If there would have been borrowings outstanding under the ABL Revolver as of June 30, 2014, the interest rate on those borrowings would have been approximately 2.2%.
	The ABL Revolver contains restrictions and covenants common to such agreements, including limitations on the incurrence of additional debt and liens on assets, prepayment of subordinated debt, merging or consolidating with another company, selling assets, making acquisitions and investments and the payment of dividends or distributions, among other things. In addition, if availability under the ABL Revolver is less than 15%, Headwaters is required to maintain a monthly fixed charge coverage ratio of at least 1.0x for the preceding twelve-month period. Headwaters was in compliance with all covenants as of June 30, 2014.
	Convertible Senior Subordinated Notes — During the March 2014 quarter, Headwaters repaid all of the remaining outstanding 2.50% convertible senior subordinated notes. The Form 10-K includes a detailed description of the 8.75% notes, which are the only convertible senior subordinated notes outstanding as of June 30, 2014. Except for the amortization of debt discount, there were no changes in this debt during the nine months ended June 30, 2014.
	Interest and Debt Maturities — During the June 2013 and 2014 quarters, Headwaters incurred total interest costs of approximately $11.2 million and $12.2 million, respectively, including approximately $1.8 million and $0.5 million, respectively, of non-cash interest expense. During the nine months ended June 30, 2013 and 2014, Headwaters incurred total interest costs of approximately $33.0 million and $34.6 million, respectively, including approximately $5.0 million and $1.7 million, respectively, of non-cash interest expense. Neither capitalized interest nor interest income was material for any period presented. The weighted-average interest rate on the face amount of outstanding long-term debt, excluding amortization of debt discount and debt issue costs, was approximately 7.7% at September 30, 2013 and 7.6% at June 30, 2014. Headwaters has no debt maturities until February 2016.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Jun. 30, 2014
Fair Value of Financial Instruments	'
Fair Value of Financial Instruments	'
	8.Fair Value of Financial Instruments
	Headwaters’ material financial instruments consist primarily of cash and cash equivalents, trade receivables, accounts payable and long-term debt. All of these financial instruments except long-term debt are either carried at fair value in the consolidated balance sheets or are short-term in nature. Accordingly, the carrying values for those financial instruments as reflected in the consolidated balance sheets closely approximate their fair values.
	All of Headwaters’ outstanding long-term debt as of September 30, 2013 and June 30, 2014 was fixed-rate. Using fair values for the debt, the aggregate fair value of Headwaters’ long-term debt as of September 30, 2013 would have been approximately $484.0 million, compared to a carrying value of $457.5 million, and the aggregate fair value as of June 30, 2014 would have been approximately $643.0 million, compared to a carrying value of $599.5 million.
	Fair value “Level 2” estimates for long-term debt were based primarily on price estimates from broker-dealers. The fair values for long-term debt differ from the carrying values primarily due to interest rates that differ from current market interest rates and differences between Headwaters’ common stock price at the balance sheet measurement dates and the conversion prices for the convertible senior subordinated notes.

Income_Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2014
Income Taxes	'
Income Taxes	'
	9.Income Taxes
	Headwaters’ estimated effective income tax rate for continuing operations for the fiscal year ending September 30, 2014 is currently expected to be approximately 22%, and this estimated rate was used to record income taxes for the June 2014 quarter and the nine months ended June 30, 2014. For the nine months ended June 30, 2013, Headwaters used an estimated effective income tax rate for continuing operations of 18%. Headwaters did not recognize any tax expense for discrete items in the 2014 periods, but recognized approximately $1.3 million of tax expense for discrete items in continuing operations in the fiscal 2013 periods that did not affect the calculation of the estimated effective income tax rate for the 2013 fiscal year. A majority of the expense recognized for discrete items was for adjustments related to unrecognized income tax benefits, most of which were for additional state income taxes. In addition, in 2013 Headwaters recognized a tax benefit of approximately $2.7 million in discontinued operations, due primarily to the reversal of unrecognized income tax benefits related to audit periods that closed.
	Beginning in 2011, Headwaters has recorded a full valuation allowance on its net amortizable deferred tax assets and accordingly, did not recognize benefit for tax credit carryforwards, net operating loss (NOL) carryforwards or other deferred tax assets in any of the 2013 or 2014 periods, except to the extent of projected fiscal year earnings. The estimated income tax rates of 18% for fiscal 2013 and 22% for fiscal 2014 resulted primarily from the combination of recognizing benefit for deferred tax assets only to the extent of projected fiscal year earnings, plus state income taxes in certain state jurisdictions.
	A valuation allowance is required when there is significant uncertainty as to the realizability of deferred tax assets. The ability to realize deferred tax assets is dependent upon Headwaters’ ability to generate sufficient taxable income within the carryforward periods provided for in the tax law for each tax jurisdiction. Headwaters has considered the following possible sources of taxable income when assessing the realization of its deferred tax assets:
		·	future reversals of existing taxable temporary differences;
		·	future taxable income or loss, exclusive of reversing temporary differences and carryforwards;
		·	tax-planning strategies; and
		·	taxable income in prior carryback years.
	Because Headwaters’ operations in domestic and foreign jurisdictions have generated losses in recent years, management has determined that Headwaters does not meet the “more likely than not” threshold that NOLs, tax credits and other deferred tax assets will be realized. Accordingly, a valuation allowance is required.
	During fiscal 2015, Headwaters may realize a three-year cumulative accounting profit on a consolidated basis. If this occurs, Headwaters will also consider other factors in evaluating the continued need for a full, or partial, valuation allowance. These factors include:
		·	current financial performance;
		·	our ability to meet short-term and long-term financial and taxable income projections;
		·	the overall market environment; and
		·	the volatility and trend of the industries in which Headwaters operates.
	All of the factors Headwaters is considering in evaluating whether and when to release all or a portion of the deferred tax asset valuation allowance involve significant judgment. For example, there are many different interpretations of “cumulative losses in recent years” which can be used. Also, significant judgment is involved in making projections of future financial and taxable income, especially because Headwaters’ financial results are significantly dependent upon industry trends, including the new residential, repair and remodel, and infrastructure construction markets. Most of the markets in which Headwaters participates are currently in varying states of recovery from the historic downturn experienced in recent years; however, it is not possible to accurately predict whether recovery will continue, and if it does, at what rate and for how long. Any reversal of the valuation allowance will favorably impact Headwaters’ results of operations in the period of reversal.
	During fiscal 2014, Headwaters may realize a three-year cumulative accounting profit in certain state jurisdictions. If this occurs, Headwaters will consider the factors above in determining the continued need for a valuation allowance on the deferred tax assets related to those state jurisdictions.
	As of June 30, 2014, Headwaters’ NOL and capital loss carryforwards totaled approximately $77.3 million (tax effected). The U.S. and state NOLs expire from 2014 to 2033. Substantially all of the non-U.S. NOLs, which are not material, do not expire. In addition, there are approximately $25.7 million of tax credit carryforwards as of June 30, 2014, which also expire from 2014 to 2033.
	The calculation of tax liabilities involves uncertainties in the application of complex tax regulations in multiple tax jurisdictions. Headwaters currently has open tax years subject to examination by the IRS and state tax authorities for the years 2011 through 2013. Headwaters recognizes potential liabilities for anticipated tax audit issues in the U.S. and state tax jurisdictions based on estimates of whether, and the extent to which, additional taxes and interest will be due. If events occur (or do not occur) as expected and the payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when it is determined the liabilities are no longer required to be recorded in the consolidated financial statements. If the estimate of tax liabilities proves to be less than the ultimate assessment, a further charge to expense would result. It is reasonably possible that approximately $1.0 million of Headwaters’ unrecognized income tax benefits, primarily related to state taxes, will be released within the next 12 months, due to the expiration of statute of limitation time periods.

Equity_Securities_and_StockBas

Equity Securities and Stock-Based Compensation	9 Months Ended
	Jun. 30, 2014
Equity Securities and Stock-Based Compensation	'
Equity Securities and Stock-Based Compensation	'
	10.Equity Securities and Stock-Based Compensation
	Issuance of Common Stock — In December 2012, Headwaters issued 11.5 million shares of common stock for gross cash proceeds of approximately $83.4 million. Offering costs totaled approximately $5.4 million, resulting in net proceeds of approximately $78.0 million.
	Shelf Registration — In February 2012, Headwaters filed a universal shelf registration statement with the SEC under which $210.0 million was available for offerings of securities. Following the issuance of common stock described above, there is currently approximately $126.6 million available for future securities offerings. A prospectus supplement describing the terms of any additional securities to be issued is required to be filed before any future offering can commence under the registration statement.
	Treasury Shares Held for Deferred Compensation Obligation — In accordance with the terms of the Directors’ Deferred Compensation Plan (DDCP), non-employee directors can elect to defer certain compensation and choose from various options how the deferred compensation will be invested. One of the investment options is Headwaters common stock. When a director chooses Headwaters stock as an investment option, Headwaters purchases the common stock in accordance with the director’s request and holds the shares until such time as the deferred compensation obligation becomes payable, normally when the director retires from the Board. At such time, the shares held by Headwaters are distributed to the director in satisfaction of the obligation. Headwaters accounts for the purchase of common stock as treasury stock, at cost. The corresponding deferred compensation obligation is reflected in capital in excess of par value. Changes in the fair value of the treasury stock are not recognized. As of June 30, 2014, the treasury stock and related deferred compensation obligation had fair values of approximately $0.8 million, which was $0.3 million higher than the carrying values at cost.
	Stock-Based Compensation — During the December 2013 quarter, the Compensation Committee of Headwaters’ Board of Directors (the Committee) approved the grant of approximately 0.5 million stock-based awards to officers and employees. The awards were granted under terms of the 2010 Incentive Compensation Plan (2010 ICP) and vest over an approximate three-year period. Vesting is also subject to a 60-day average stock price hurdle that precludes vesting unless Headwaters’ stock price exceeds by a predetermined amount the stock price on the date of grant, which threshold was reached during the March 2014 quarter.
	Stock-based compensation expense was approximately $0.4 million and $0.6 million for the June 2013 and 2014 quarters, respectively, and $1.3 million and $1.6 million for the nine months ended June 30, 2013 and 2014, respectively. As of June 30, 2014, there was approximately $2.6 million of total compensation cost related to unvested awards not yet recognized, which will be recognized in future periods in accordance with applicable vesting terms.

Earnings_per_Share

Earnings per Share	9 Months Ended
	Jun. 30, 2014
Earnings per Share	'
Earnings per Share	'
	11.Earnings per Share
	The following table sets forth the computations of basic and diluted EPS for the periods indicated, reflecting the amounts attributable to Headwaters and excluding the amounts attributable to the non-controlling interest in Entegra. In accordance with ASC 260, income (loss) from continuing operations for each period is used as the control number in determining whether potentially dilutive common shares should be included in the diluted earnings per share computations for those periods, even when the effect of doing so is anti-dilutive to the other per-share amounts.
		Three Months Ended					Nine Months Ended
		June 30,					June 30,
	(in thousands, except per-share amounts)	2013		2014			2013			2014
	Numerator:
	Income (loss) from continuing operations	$	9,248	$	11,124		$	(4,909	)	$	(517	)
	Income from continuing operations attributable to non-controlling interest	0		(389		)	0			(619		)
	Fair value adjustment of non-controlling interest	0		(158		)	0			(158		)
	Numerator for basic and diluted earnings per share from continuing operations — income (loss) from continuing operations attributable to Headwaters Incorporated	9,248		10,577			(4,909		)	(1,294		)
	Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes	1,768		(231		)	1,793			(106		)
	Numerator for basic and diluted earnings per share — net income (loss) attributable to Headwaters Incorporated	$	11,016	$	10,346		$	(3,116	)	$	(1,400	)
	Denominator:
	Denominator for basic earnings per share — weighted-average shares outstanding	72,892		73,206			69,195			73,131
	Effect of dilutive securities —  shares issuable upon exercise of options and SARs and vesting of restricted stock	1,247		1,380			0			0
	Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting	74,139		74,586			69,195			73,131
	Basic and diluted income (loss) per share from continuing operations	$	0.13	$	0.14		$	(0.07	)	$	(0.02	)
	Basic and diluted income per share from discontinued operations	0.02		0			0.02			0
	Basic and diluted income (loss) per share	$	0.15	$	0.14		$	(0.05	)	$	(0.02	)
	Anti-dilutive securities not considered in diluted EPS calculation:
	SARs	775		691			2,877			3,836
	Stock options	893		377			1,002			530
	Restricted stock	0		0			140			253

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2014
Commitments and Contingencies	'
Commitments and Contingencies	'
	12.Commitments and Contingencies
	Significant new commitments, material changes in commitments and ongoing contingencies as of June 30, 2014, not disclosed elsewhere, are as follows:
	Compensation Arrangements — Cash Performance Unit Awards. The Compensation Committee has approved various grants of performance unit awards to certain officers and employees, to be settled in cash, based on the achievement of certain stipulated goals, all of which are described in detail in the Form 10-K (including fiscal 2014 grants made during the December 2013 quarter). Since September 30, 2013, there have been no significant changes in Headwaters’ commitments or in the amounts accrued under these awards, except for the payment during the December 2013 quarter of amounts contractually due under the terms of certain prior year awards, and the accrual of approximately $2.0 million in the June 2014 quarter under terms of the fiscal 2014 grants. Headwaters currently expects that additional amounts will be earned during the September 2014 quarter under the terms of the fiscal 2014 awards.
	Cash-Settled SAR Grants.  In fiscal 2011, the Committee approved grants to certain employees of approximately 0.4 million cash-settled SARs, approximately 0.1 million of which remain outstanding as of June 30, 2014. These SARs vested in annual installments through September 30, 2013, provided the participant was still employed by Headwaters at the respective vest dates, and are settled in cash upon exercise by the employee. The SARs terminate on September 30, 2015 and must be exercised on or before that date. As of June 30, 2014, approximately $1.2 million has been accrued for outstanding awards because the stock price at June 30, 2014 was above the grant-date stock price of $3.81. Future changes in Headwaters’ stock price in any amount above $3.81 through September 30, 2015 will result in adjustment to the expected remaining liability, which adjustment (whether positive or negative) will be reflected in Headwaters’ consolidated statement of operations each quarter.
	In fiscal 2012, the Committee approved grants to certain officers and employees of approximately 1.0 million cash-settled SARs, approximately 0.4 million of which remain outstanding as of June 30, 2014. These SARs have terms similar to those described above, except they could not vest until and unless the 60-day average stock price exceeded approximately 135% of the stock price on the date of grant (or $2.50), which occurred during 2012. Approximately $5.0 million has been accrued for outstanding awards as of June 30, 2014. Changes in Headwaters’ stock price in any amount above the grant-date stock price of $1.85 through September 30, 2016, the date these SARs expire, will result in adjustment to the expected remaining liability, which adjustment (whether positive or negative) will be reflected in Headwaters’ statement of operations each quarter. Compensation expense for all cash-settled SARs was approximately $3.9 million and $5.1 million for the nine months ended June 30, 2013 and 2014, respectively.
	Property, Plant and Equipment — As of June 30, 2014, Headwaters was committed to spend approximately $5.7 million on capital projects that were in various stages of completion.
	Legal Matters — Headwaters has ongoing litigation and asserted claims which have been incurred during the normal course of business, including the specific matters discussed below. Headwaters intends to vigorously defend or resolve these matters by settlement, as appropriate. Management does not currently believe that the outcome of these matters will have a material adverse effect on Headwaters’ operations, cash flow or financial position.
	Headwaters incurred approximately $1.8 million and $4.5 million of expense for legal matters during the nine months ended June 30, 2013 and 2014, respectively. Historically, except for fiscal 2011 and fiscal 2014, when $15.0 million and $2.5 million, respectively, of charges were accrued for potential losses, costs for outside legal counsel have comprised a majority of Headwaters’ litigation-related costs. Headwaters currently believes the range of potential loss for all unresolved legal matters, excluding costs for outside counsel, is from $2.5 million up to the amounts sought by claimants and has recorded a liability as of June 30, 2014 of $2.5 million. The substantial claims and damages sought by claimants in excess of this amount are not currently deemed to be probable. Headwaters’ outside counsel and management currently believe that unfavorable outcomes of outstanding litigation beyond the amount accrued are neither probable nor remote. Accordingly, management cannot express an opinion as to the ultimate amount, if any, of Headwaters’ liability, nor is it possible to estimate what litigation-related costs will be in future periods.
	The specific matters discussed below raise difficult and complex legal and factual issues, and the resolution of these issues is subject to many uncertainties, including the facts and circumstances of each case, the jurisdiction in which each case is brought, and the future decisions of juries, judges, and arbitrators. Therefore, although management believes that the claims asserted against Headwaters in the named cases lack merit, there is a possibility of material losses in excess of the amounts accrued if one or more of the cases were to be determined adversely against Headwaters for a substantial amount of the damages asserted. It is possible that a change in the estimates of probable liability could occur, and the changes could be material. Additionally, as with any litigation, these proceedings require that Headwaters incur substantial costs, including attorneys’ fees, managerial time and other personnel resources, in pursuing resolution.
	AES Thames Bankruptcy.  Headwaters Resources, Inc. (HRI) had a contract to perform fly ash disposal services for AES Thames, L.L.C. (AES Thames) related to its coal-fired power plant located in Montville, Connecticut. AES Thames filed a petition for relief under the United States Bankruptcy Code in February 2011. In January 2013, the trustee filed an adversary proceeding complaint in the United States Bankruptcy Court for the District of Delaware alleging that certain payments made before the bankruptcy by AES Thames to HRI were avoidable preferential transfers under the Bankruptcy Code. The complaint seeks to recover $1.6 million plus interest, attorney fees, and costs. HRI answered denying the allegations of the complaint. In May 2014, HRI and the trustee entered a stipulation of settlement dismissing the trustee’s claims against HRI in exchange for a payment by HRI of $25,000 and a release of HRI’s claims in the bankruptcy, bringing the case to conclusion.
	Edwards.  In May 2013, James W. Edwards, purportedly a stockholder of Headwaters Incorporated, filed a complaint in the United States District Court for the District of Utah against current and former members of the Board of Directors of the Company and against Headwaters Incorporated. The complaint alleges that the Board breached its fiduciary duties and wasted corporate assets in connection with the Compensation Committee’s grant of certain stock appreciation rights to the Company’s Chief Executive Officer in November 2011 under the 2010 Incentive Plan (Plan). The complaint alleges that the 2011 grant exceeded Plan limits and that the 2013 Proxy Statement in connection with the Company’s 2013 Annual Meeting of Stockholders contained false and misleading information concerning the 2011 grant. The complaint seeks an order rescinding the 2011 grant, unspecified damages and other remedies, plus interest, attorney fees, and costs. The complaint was brought derivatively on behalf of Headwaters Incorporated and as a purported class action on behalf of all shareholders of record as of December 31, 2012. Defendants filed their initial response to the complaint in January 2014. The parties entered into a stipulation of settlement in February 2014 and in May 2014 the District Court entered an order granting preliminary approval of settlement. Headwaters has published notice of the proposed settlement. It is expected that the District Court will hold a hearing on motion for final approval of the settlement in August 2014. Because resolution of the litigation is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of Headwaters’ liability.
	Boynton.  In 1998, Headwaters entered into a technology purchase agreement with James G. Davidson and Adtech, Inc. The transaction transferred certain patent and royalty rights to Headwaters related to a synthetic fuel technology invented by Davidson. In 2002, Headwaters received a summons and complaint from the United States District Court for the Western District of Tennessee filed by former stockholders of Adtech alleging, among other things, fraud, conspiracy, constructive trust, conversion, patent infringement and interference with contract arising out of the 1998 technology purchase agreement entered into between Davidson and Adtech on the one hand, and Headwaters on the other. All claims against Headwaters were dismissed in pretrial proceedings except claims of conspiracy and constructive trust. The District Court certified a class comprised of substantially all purported stockholders of Adtech, Inc. The plaintiffs sought compensatory damages from Headwaters in the approximate amount of $43.0 million plus prejudgment interest and punitive damages. In June 2009, a jury reached a verdict in a trial in the amount of $8.7 million for the eight named plaintiffs representing a portion of the class members. In September 2010, a jury reached a verdict after a trial for the remaining 46 members of the class in the amount of $7.3 million. In April 2011, the trial court entered an order for a constructive trust in the amount of approximately $16.0 million (the same amount as the sum of the previous jury verdicts), and entered judgment against Headwaters in the total approximate amount of $16.0 million, in accordance with the verdicts and order on constructive trust. Headwaters and plaintiffs cross-appealed from the judgment to the United States Court of Appeals for the Federal Circuit. The Federal Circuit transferred the case to the United States Court of Appeals for the Sixth Circuit on the basis of jurisdiction. In April 2014, a panel of the Sixth Circuit affirmed the judgment of the District Court in a divided decision. In May 2014, Headwaters paid the plaintiffs approximately $16.2 million in exchange for a satisfaction of judgment, bringing the case to conclusion.
	EPA.  In April 2012, Headwaters Resources, Inc. (HRI) filed a complaint in the United States District Court for the District of Columbia against the United States Environmental Protection Agency (EPA). The complaint alleges that the EPA has failed to review, and where necessary, revise RCRA subtitle D regulations applicable to the disposal of coal ash within the timeframe required by statute. Other parties also initiated litigation against the EPA alleging the same (and other) failures of the EPA to perform its duties regarding coal ash disposal regulations. HRI’s complaint seeks certain declaratory relief with respect to EPA rulemaking at issue in the case. The District Court consolidated HRI’s case with related actions brought by other parties. In October 2013, the District Court granted summary judgment that the EPA has failed to fulfill its statutory duty to review coal ash disposal regulations, among other things, ordering the EPA to propose a schedule to complete its review of coal ash disposal regulations, and, as necessary, revise the regulations. The parties filed a proposed schedule for the EPA to review its coal ash disposal regulations by December 2014, which schedule is expected to be approved by the District Court. How the EPA will revise its coal ash regulations will not be known until the EPA issues its final regulations. Because the final resolution of the litigation is uncertain, legal counsel and management cannot express an opinion as to the ultimate outcome.
	Fentress Families Trust.  VFL Technology Corporation (VFL), acquired by HRI in 2004, provides services related to fly ash management to Virginia Electric and Power Company. In February 2012, 383 plaintiffs, most of whom are residents living in the City of Chesapeake, Virginia, filed a complaint in the State of Virginia Chesapeake Circuit Court against 15 defendants, including Virginia Electric and Power Company (VEPCO), and certain other persons associated with the Battlefield Golf Course, including owners, developers, contractors, and others, including VFL and Headwaters, alleging causes of action for nuisance and negligence. The complaint alleges that fly ash used to construct the golf course was carried in the air and contaminated water exposing plaintiffs to dangerous chemicals and causing property damage. Plaintiffs’ complaint seeks injunctive relief and damages of approximately $850.0 million for removal and remediation of the fly ash and the water supply, $1.9 billion for vexation, $8.0 million and other unspecified amounts for personal injuries, and $55.0 million as damages to properties, plus prejudgment interest, attorney fees, and costs. In a related case, other plaintiffs have filed a separate lawsuit asserting the same claims against the same defendants claiming additional damages totaling approximately $307.2 million. In August 2013 the court ruled on VEPCO’s demurrer ordering that claims for personal injury or property damage based upon allegations of groundwater contamination were dismissed but that claims of nuisance and negligence based upon allegations of air-borne ash and contaminated surface water would not be dismissed. These cases are based on substantially the same alleged circumstances asserted in complaints filed by the plaintiffs in 2009 and voluntarily dismissed in 2010. Discovery is underway. HRI has filed claims for defense and indemnity with several of its insurers. In 2010, HRI filed suit in the United States District Court for the District of Utah against two insurers that denied coverage based on allegations in the 2009 Fentress complaints. The District Court ruled in the insurers’ favor, which ruling HRI appealed to the United States Court of Appeals for the Tenth Circuit. The parties have completed appellate briefing and oral argument was held in January 2014 but no decision has been announced. Another insurer continues to pay for the defense of the underlying cases under a reservation of rights. The relatively novel fly ash claims of the plaintiffs together with multiple insurance policies and policy periods make insurance coverage issues complex and uncertain. Moreover, plaintiffs’ total claims exceed the potential limits of insurance available to HRI. Because resolution of the litigation is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of HRI’s liability, or the insurers’ obligation to indemnify HRI against loss, if any.
	CPM.  In December 2012, CPM filed a complaint in the State of Virginia Chesapeake Circuit Court against HRI related to construction of the golf course described in the Fentress Families Trust case, alleging breach of contract and seeking declaratory judgment and compensatory damages in the amount of $0.5 million plus attorney fees and costs. CPM alleges that HRI should indemnify CPM for past and future expenses incurred in defending against the Fentress complaints. Because resolution of this litigation is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of HRI’s liability, or the insurers’ obligation to indemnify HRI against loss, if any.
	Archstone.  Archstone owns an apartment complex in Westbury, New York. Archstone alleges that moisture penetrated the building envelope and damaged moisture sensitive parts of the buildings which began to rot and grow mold. In 2008, Archstone evicted its tenants and began repairing the 21 apartment buildings. Also in 2008, Archstone filed a complaint in the Nassau County Supreme Court of the State of New York against the prime contractor and its performance bond surety, the designer, and Eldorado Stone, LLC which supplied architectural stone that was installed by others during construction. The prime contractor then sued over a dozen subcontractors who in turn sued others. Most parties filed cross-claims for contribution and indemnity against Eldorado Stone and others. Archstone claims as damages approximately $36.0 million in repair costs, $19.0 million in lost lease payments and rent abatement, $7.0 million paid to tenants who sued Archstone, and $7.0 million for class action defense fees, plus prejudgment interest and attorney’s fees. Eldorado Stone answered denying liability and tendered the matter to its insurers who are paying for the defense of the case. Eldorado Stone obtained an order of summary judgment dismissing three of Archstone’s four claims. Eldorado Stone has moved for summary judgment on Archstone’s remaining claim of common law indemnification for damages paid to the tenants and associated attorney’s fees. Meanwhile, discovery is underway. Because the resolution of the action is uncertain, legal counsel and management cannot express an opinion concerning the likely outcome of this matter, the liability of Eldorado Stone, if any, or the insurers’ obligation to indemnify Eldorado Stone against loss, if any.
	Headwaters Building Products Matters.  There are litigation and pending and threatened claims made against certain subsidiaries of Headwaters Building Products (HBP), a division within Headwaters’ light building products segment, with respect to several types of exterior finish systems manufactured and sold by its subsidiaries for application by contractors on residential and commercial buildings. The plaintiffs or claimants in these matters typically allege that the structures have suffered damage from water penetration due to some alleged failure of the building product or wall system. The claims involve alleged liabilities associated with certain stucco and architectural stone products which are produced and sold by certain subsidiaries of HBP. The Archstone case summarized above is an example of these types of claims.
	The foregoing litigation and claims typically cite damages for alleged personal injuries, property damage, economic loss, unfair business practices and punitive damages. Claims made against Headwaters and its subsidiaries generally have been paid by their insurers, subject to Headwaters’ payment of deductibles or self-insured retentions, although such insurance carriers typically have issued “reservation of rights” letters. There is no guarantee of insurance coverage or continuing coverage. These and future proceedings may result in substantial costs to Headwaters and HBP, including attorneys’ fees, managerial time and other personnel resources and costs. Adverse resolution of these proceedings could have a materially negative effect on Headwaters’ businesses, financial condition, and results of operation, and its ability to meet its financial obligations. Although Headwaters carries general and product liability insurance, subject to exclusions and self-insured retentions, Headwaters cannot assure that such insurance coverage will remain available, that Headwaters’ insurance carriers will accept claims or will remain viable, or that the insured amounts will cover all claims in excess of self-insured retentions. Future rate increases may also make such insurance uneconomical for Headwaters to maintain. Because resolution of the litigation and claims is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of HBP’s liability.
	Heavy Construction Materials Matters.  In addition, there are litigation and pending and threatened claims made against HRI, Headwaters’ Heavy Construction Materials segment, with respect to coal combustion products. The plaintiffs or claimants in these matters have alleged that inhalation or other exposure to fly ash is unsafe and that HRI has failed to warn about the alleged dangers of fly ash exposure and the use of adequate protection. The Fentress Family Trust case summarized above is an example of these types of claims. The application of relatively novel fly ash claims to insurance policies is complex and uncertain. Adverse resolution of these proceedings could have a materially negative effect on Headwaters’ businesses, financial condition, and results of operation, and its ability to meet its financial obligations. Because resolution of the litigation, claims, and insurance coverage disputes is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of HRI’s liability.
	Other.  Headwaters and its subsidiaries are also involved in other legal proceedings that have arisen in the normal course of business. Because resolution of these proceedings is uncertain, legal counsel and management cannot express an opinion as to the ultimate amount, if any, of Headwaters’ liability.

Condensed_Consolidating_Financ

Condensed Consolidating Financial Information	9 Months Ended
	Jun. 30, 2014
Condensed Consolidating Financial Information	'
Condensed Consolidating Financial Information	'
	13.  Condensed Consolidating Financial Information
	Headwaters’ 7-5/8% senior secured notes and 7¼% senior notes are jointly and severally, fully and unconditionally guaranteed by Headwaters Incorporated and by all of Headwaters’ 100%-owned domestic subsidiaries. Separate stand-alone financial statements and disclosures for Headwaters Incorporated and each of the guarantor subsidiaries are not presented because the guarantees are full and unconditional and the guarantor subsidiaries have joint and several liability. There are no significant restrictions on the ability of Headwaters Incorporated to obtain funds from the guarantor subsidiaries nor on the ability of the guarantor subsidiaries to obtain funds from Headwaters Incorporated or other guarantor subsidiaries.
	Non-guaranteeing entities include subsidiaries that are not 100% owned, foreign subsidiaries and joint ventures in which Headwaters has a non-controlling ownership interest. For certain periods, the non-guaranteeing entities represent less than 3% of consolidated assets, stockholders’ equity, revenues, income from continuing operations before taxes and cash flows from operating activities. Accordingly, for those periods the condensed consolidating financial information which follows does not present separately the non-guarantor entities’ information. Due to various events in 2014, the non-guaranteeing entities have become more material and therefore have been presented separately.
	CONDENSED CONSOLIDATING BALANCE SHEET — September 30, 2013
		Guarantor			Parent			Eliminations			Headwaters
								and
	(in thousands)	Subsidiaries			Company			Reclassifications			Consolidated
	ASSETS
	Current assets:
	Cash and cash equivalents	$	70,747		$	4,569		$	—		$	75,316
	Trade receivables, net	109,868									109,868
	Inventories	37,383									37,383
	Deferred income taxes	25,828			17,895			(29,687		)	14,036
	Other	6,548			732						7,280
	Total current assets	250,374			23,196			(29,687		)	243,883
	Property, plant and equipment, net	155,499			4,120			—			159,619
	Other assets:
	Goodwill	137,198									137,198
	Intangible assets, net	139,797									139,797
	Investments in subsidiaries				282,979			(282,979		)	—
	Intercompany accounts and notes	360,482			637,046			(997,528		)	—
	Deferred income taxes	53,228			22,179			(75,407		)	—
	Other	22,300			21,212						43,512
	Total other assets	713,005			963,416			(1,355,914		)	320,507
	Total assets	$	1,118,878		$	990,732		$	(1,385,601	)	$	724,009
	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Current liabilities:
	Accounts payable	$	21,051		$	759		$	—		$	21,810
	Accrued personnel costs	14,622			33,124						47,746
	Accrued interest				16,077						16,077
	Current and deferred income taxes	20,073			9,734			(29,687		)	120
	Other accrued liabilities	52,898			2,370						55,268
	Current portion of long-term debt				7,553						7,553
	Total current liabilities	108,644			69,617			(29,687		)	148,574
	Long-term liabilities:
	Long-term debt				449,420						449,420
	Income taxes	80,877			19,167			(75,407		)	24,637
	Intercompany accounts and notes	637,046			360,482			(997,528		)	—
	Other	9,332			7,636						16,968
	Total long-term liabilities	727,255			836,705			(1,072,935		)	491,025
	Total liabilities	835,899			906,322			(1,102,622		)	639,599
	Stockholders’ equity:
	Common stock				73						73
	Capital in excess of par value	458,498			720,828			(458,498		)	720,828
	Retained earnings (accumulated deficit)	(175,519		)	(635,972		)	175,519			(635,972		)
	Treasury stock				(519		)				(519		)
	Total stockholders’ equity	282,979			84,410			(282,979		)	84,410
	Total liabilities and stockholders’ equity	$	1,118,878		$	990,732		$	(1,385,601	)	$	724,009
	CONDENSED CONSOLIDATING BALANCE SHEET — June 30, 2014
		Guarantor			Non-			Parent			Eliminations			Headwaters
					guarantor						and
	(in thousands)	Subsidiaries			Subsidiaries			Company			Reclassifications			Consolidated
	ASSETS
	Current assets:
	Cash and cash equivalents	$	102,997		$	5,177		$	6,290		$	—		$	114,464
	Trade receivables, net	109,896			5,102									114,998
	Inventories	53,204			2,849									56,053
	Current and deferred income taxes	24,601						17,981			(30,155		)	12,427
	Other	10,070			237			2,095						12,402
	Total current assets	300,768			13,365			26,366			(30,155		)	310,344
	Property, plant and equipment, net	158,514			11,457			6,310			—			176,281
	Other assets:
	Goodwill	150,547			35,493									186,040
Intangible assets, net	128,152			24,527									152,679
Investments in subsidiaries							386,127			(386,127		)	—
Intercompany accounts and notes	276,022						637,046			(913,068		)	—
Deferred income taxes	54,404						19,981			(74,385		)	—
Other	15,235			1,200			26,461						42,896
Total other assets	624,360			61,220			1,069,615			(1,373,580		)	381,615
Total assets	$	1,083,642		$	86,042		$	1,102,291		$	(1,403,735	)	$	868,240
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	23,818		$	795		$	244		$	—		$	24,857
Accrued personnel costs	9,391			326			32,332						42,049
Accrued interest							15,515						15,515
Current and deferred income taxes	29,505			650						(30,155		)	—
Other accrued liabilities	35,895			3,665			2,507						42,067
Total current liabilities	98,609			5,436			50,598			(30,155		)	124,488
Long-term liabilities:
Long-term debt							599,539						599,539
Income taxes	80,276						15,089			(74,385		)	20,980
Intercompany accounts and notes	571,136			1,433			340,499			(913,068		)	—
Other	13,033			94			11,210						24,337
Total long-term liabilities	664,445			1,527			966,337			(987,453		)	644,856
Total liabilities	763,054			6,963			1,016,935			(1,017,608		)	769,344
Non-controlling interest in consolidated subsidiary				13,698									13,698
Stockholders’ equity:
Common stock							73						73
Capital in excess of par value	458,499			64,318			723,030			(522,975		)	722,872
Retained earnings (accumulated deficit)	(137,911		)	1,063			(637,214		)	136,848			(637,214		)
Treasury stock							(533		)				(533		)
Total stockholders’ equity	320,588			65,381			85,356			(386,127		)	85,198
Total liabilities and stockholders’ equity	$	1,083,642		$	86,042		$	1,102,291		$	(1,403,735	)	$	868,240
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended June 30, 2013
	Guarantor			Parent						Headwaters
(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	118,035		$	—		$	—		$	118,035
Heavy construction materials	75,114									75,114
Energy technology	3,881									3,881
Total revenue	197,030			—			—			197,030
Cost of revenue:
Light building products	82,096									82,096
Heavy construction materials	54,642									54,642
Energy technology	1,787									1,787
Total cost of revenue	138,525			—			—			138,525
Gross profit	58,505			—			—			58,505
Operating expenses:
Amortization	5,319									5,319
Selling, general and administrative	25,193			4,808						30,001
Total operating expenses	30,512			4,808			—			35,320
Operating income (loss)	27,993			(4,808		)	—			23,185
Other income (expense):
Net interest income (expense)	9			(11,120		)				(11,111		)
Equity in earnings of subsidiaries				22,624			(22,624		)	—
Other, net	24									24
Total other income (expense), net	33			11,504			(22,624		)	(11,087		)
Income from continuing operations before income taxes	28,026			6,696			(22,624		)	12,098
Income tax benefit (provision)	(7,170		)	4,320						(2,850		)
Income from continuing operations	20,856			11,016			(22,624		)	9,248
Income from discontinued operations, net of income taxes	1,768									1,768
Net income	$	22,624		$	11,016		$	(22,624	)	$	11,016
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Three Months Ended June 30, 2014
	Guarantor			Non-			Parent						Headwaters
				guarantor
(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	129,085		$	11,487		$	—		$	—		$	140,572
Heavy construction materials	80,636												80,636
Energy technology	2,191												2,191
Total revenue	211,912			11,487			—			—			223,399
Cost of revenue:
Light building products	89,948			7,725									97,673
Heavy construction materials	57,070												57,070
Energy technology	984												984
Total cost of revenue	148,002			7,725			—			—			155,727
Gross profit	63,910			3,762			—			—			67,672
Operating expenses:
Amortization	5,165			312									5,477
Selling, general and administrative	28,837			1,409			6,258						36,504
Total operating expenses	34,002			1,721			6,258			—			41,981
Operating income (loss)	29,908			2,041			(6,258		)	—			25,691
Other income (expense):
Net interest expense	(125		)	(2		)	(11,994		)				(12,121		)
Equity in earnings of subsidiaries							23,446			(23,446		)	—
Other, net	25			(61		)							(36		)
Total other income (expense), net	(100		)	(63		)	11,452			(23,446		)	(12,157		)
Income from continuing operations before income taxes	29,808			1,978			5,194			(23,446		)	13,534
Income tax benefit (provision)	(7,250		)	(470		)	5,310						(2,410		)
Income from continuing operations	22,558			1,508			10,504			(23,446		)	11,124
Loss from discontinued operations, net of income taxes	(231		)										(231		)
Net income	22,327			1,508			10,504			(23,446		)	10,893
Net income attributable to non-controlling interest				(389		)							(389		)
Net income attributable to Headwaters Incorporated	$	22,327		$	1,119		$	10,504		$	(23,446	)	$	10,504
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended June 30, 2013
	Guarantor			Parent						Headwaters
(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	279,501		$	—		$	—		$	279,501
Heavy construction materials	197,286									197,286
Energy technology	10,804									10,804
Total revenue	487,591			—			—			487,591
Cost of revenue:
Light building products	202,723									202,723
Heavy construction materials	151,622									151,622
Energy technology	5,085									5,085
Total cost of revenue	359,430			—			—			359,430
Gross profit	128,161			—			—			128,161
Operating expenses:
Amortization	15,543									15,543
Selling, general and administrative	70,013			14,504						84,517
Total operating expenses	85,556			14,504			—			100,060
Operating income (loss)	42,605			(14,504		)	—			28,101
Other income (expense):
Net interest expense	(49		)	(32,673		)				(32,722		)
Equity in earnings of subsidiaries				35,336			(35,336		)	—
Other, net	227			35						262
Total other income (expense), net	178			2,698			(35,336		)	(32,460		)
Income (loss) from continuing operations before income taxes	42,783			(11,806		)	(35,336		)	(4,359		)
Income tax benefit (provision)	(9,240		)	8,690						(550		)
Income (loss) from continuing operations	33,543			(3,116		)	(35,336		)	(4,909		)
Income from discontinued operations, net of income taxes	1,793									1,793
Net income (loss)	$	35,336		$	(3,116	)	$	(35,336	)	$	(3,116	)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended June 30, 2014
	Guarantor			Non-			Parent						Headwaters
				guarantor
(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	305,530		$	22,193		$	—		$	—		$	327,723
Heavy construction materials	211,250												211,250
Energy technology	6,553												6,553
Total revenue	523,333			22,193			—			—			545,526
Cost of revenue:
Light building products	222,275			15,564									237,839
Heavy construction materials	157,504												157,504
Energy technology	3,067												3,067
Total cost of revenue	382,846			15,564			—			—			398,410
Gross profit	140,487			6,629			—			—			147,116
Operating expenses:
Amortization	15,394			674									16,068
Selling, general and administrative	77,248			2,804			17,196						97,248
Total operating expenses	92,642			3,478			17,196			—			113,316
Operating income (loss)	47,845			3,151			(17,196		)	—			33,800
Other income (expense):
Net interest expense	(292		)	(2		)	(34,117		)				(34,411		)
Equity in earnings of subsidiaries							38,671			(38,671		)	—
Other, net	99			(155		)							(56		)
Total other income (expense), net	(193		)	(157		)	4,554			(38,671		)	(34,467		)
Income (loss) from continuing operations before income taxes	47,652			2,994			(12,642		)	(38,671		)	(667		)
Income tax benefit (provision)	(10,600		)	(650		)	11,400						150
Income (loss) from continuing operations	37,052			2,344			(1,242		)	(38,671		)	(517		)
Loss from discontinued operations, net of income taxes	(106		)										(106		)
Net income (loss)	36,946			2,344			(1,242		)	(38,671		)	(623		)
Net income attributable to non-controlling interest				(619		)							(619		)
Net income (loss) attributable to Headwaters Incorporated	$	36,946		$	1,725		$	(1,242	)	$	(38,671	)	$	(1,242	)
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended June 30, 2013
	Guarantor			Parent						Headwaters
(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	35,336		$	(3,116	)	$	(35,336	)	$	(3,116	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	39,222			210						39,432
Interest expense related to amortization of debt issue costs and debt discount				4,999						4,999
Stock-based compensation	588			679						1,267
Deferred income taxes	223									223
Net gain on disposition of property, plant and equipment	(726		)							(726		)
Gain on sale of discontinued operations, net of income taxes	(2,158		)							(2,158		)
Gain on convertible debt repayment				(35		)				(35		)
Equity in earnings of subsidiaries				(35,336		)	35,336			0
Decrease in trade receivables	1,066									1,066
Increase in inventories	(2,931		)							(2,931		)
Decrease in accounts payable and accrued liabilities	(14,642		)	(11,106		)				(25,748		)
Other changes in operating assets and liabilities, net	(9,694		)	5,291						(4,403		)
Net cash provided by (used in) operating activities	46,284			(38,414		)	—			7,870
Cash flows from investing activities:
Payment for acquisition	(43,250		)							(43,250		)
Purchase of property, plant and equipment	(19,942		)	(1,604		)				(21,546		)
Proceeds from disposition of property, plant and equipment	855									855
Proceeds from sale of discontinued operations	4,813									4,813
Net decrease (increase) in long-term receivables and deposits	(1,413		)	719						(694		)
Net change in other assets	(385		)	(45		)				(430		)
Net cash used in investing activities	(59,322		)	(930		)	—			(60,252		)
Cash flows from financing activities:
Net proceeds from issuance of common stock				77,957						77,957
Payments on long-term debt				(39,476		)				(39,476		)
Employee stock purchases	438			171						609
Net cash provided by financing activities	438			38,652			—			39,090
Net decrease in cash and cash equivalents	(12,600		)	(692		)	—			(13,292		)
Cash and cash equivalents, beginning of period	44,111			9,671						53,782
Cash and cash equivalents, end of period	$	31,511		$	8,979		$	—		$	40,490
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended June 30, 2014
				Non-
	Guarantor			guarantor			Parent						Headwaters
(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
Cash flows from operating activities:
Net income (loss)	$	36,946		$	2,344		$	(1,242	)	$	(38,671	)	$	(623	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	39,130			1,388			196						40,714
Interest expense related to amortization of debt issue costs and debt discount							1,699						1,699
Stock-based compensation	618						958						1,576
Deferred income taxes	429												429
Net loss (gain) on disposition of property, plant and equipment	(135		)	5			46						(84		)
Gain on sale of discontinued operations, net of income taxes	(3,032		)										(3,032		)
Asset impairments	1,466												1,466
Net loss of unconsolidated joint ventures				286									286
Equity in earnings of subsidiaries							(38,671		)	38,671			0
Decrease in trade receivables	2,609			922									3,531
Decrease (increase) in inventories	(9,521		)	882									(8,639		)
Increase (decrease) in accounts payable and accrued liabilities	(26,725		)	1,240			(1,731		)				(27,216		)
Other changes in operating assets and liabilities, net	5,258			529			(10,697		)				(4,910		)
Net cash provided by (used in) operating activities	47,043			7,596			(49,442		)	—			5,197
Cash flows from investing activities:
Payments for acquisitions	(3,100		)				(85,479		)				(88,579		)
Payments for investments in unconsolidated joint ventures				(1,450		)							(1,450		)
Purchase of property, plant and equipment	(22,163		)	(685		)	(2,519		)				(25,367		)
Proceeds from disposition of property, plant and equipment	864												864
Proceeds from sale of discontinued operations	4,666												4,666
Net decrease in long-term receivables and deposits	7,373						300						7,673
Net change in other assets	(2,864		)	(318		)	306						(2,876		)
Net cash used in investing activities	(15,224		)	(2,453		)	(87,392		)	—			(105,069		)
Cash flows from financing activities:
Net proceeds from issuance of long-term debt							146,200						146,200
Payments on long-term debt							(7,792		)				(7,792		)
Employee stock purchases	465						147						612
Net cash provided by financing activities	465			—			138,555			—			139,020
Net increase in cash and cash equivalents	32,284			5,143			1,721			—			39,148
Cash and cash equivalents, beginning of period	70,713			34			4,569						75,316
Cash and cash equivalents, end of period	$	102,997		$	5,177		$	6,290		$	—		$	114,464

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Jun. 30, 2014
Segment Reporting	'
Schedule Of Segment Reporting	'
		Three Months Ended June 30, 2013
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	118,035		$	75,114		$	3,881		$	0		$	197,030
	Depreciation and amortization	$	(10,009	)	$	(3,222	)	$	(542	)	$	(77	)	$	(13,850	)
	Operating income (loss)	$	15,509		$	12,823		$	(339	)	$	(4,808	)	$	23,185
	Net interest expense													(11,111		)
	Other income (expense), net													24
	Income tax provision													(2,850		)
	Income from continuing operations													9,248
	Income from discontinued operations, net of income taxes													1,768
	Net income													$	11,016
	Capital expenditures	$	4,813		$	1,786		$	123		$	417		$	7,139
	Segment assets as of September 30, 2013	$	306,686		$	358,684		$	34,509		$	24,130		$	724,009
		Three Months Ended June 30, 2014
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	140,572		$	80,636		$	2,191		$	0		$	223,399
	Depreciation and amortization	$	(10,336	)	$	(3,444	)	$	(408	)	$	(66	)	$	(14,254	)
	Operating income (loss)	$	18,691		$	15,019		$	(1,761	)	$	(6,258	)	$	25,691
	Net interest expense													(12,121		)
	Other income (expense), net													(36		)
	Income tax provision													(2,410		)
	Income from continuing operations													11,124
	Loss from discontinued operations, net of income taxes													(231		)
	Net income													$	10,893
	Capital expenditures	$	6,604		$	1,968		$	93		$	758		$	9,423
	Segment assets	$	420,527		$	382,274		$	30,234		$	35,205		$	868,240
		Nine Months Ended June 30, 2013
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	279,501		$	197,286		$	10,804		$	0		$	487,591
	Depreciation and amortization	$	(28,102	)	$	(9,493	)	$	(1,627	)	$	(210	)	$	(39,432	)
	Operating income (loss)	$	19,971		$	24,096		$	(1,462	)	$	(14,504	)	$	28,101
	Net interest expense													(32,722		)
	Other income (expense), net													262
	Income tax provision													(550		)
	Loss from continuing operations													(4,909		)
	Income from discontinued operations, net of income taxes													1,793
	Net loss													$	(3,116	)
	Capital expenditures	$	15,704		$	3,846		$	392		$	1,604		$	21,546
		Nine Months Ended June 30, 2014
	(in thousands)	Light			Heavy			Energy			Corporate			Totals
		building			construction			technology
		products			materials
	Segment revenue	$	327,723		$	211,250		$	6,553		$	0		$	545,526
	Depreciation and amortization	$	(29,094	)	$	(10,049	)	$	(1,375	)	$	(196	)	$	(40,714	)
	Operating income (loss)	$	25,684		$	30,180		$	(4,868	)	$	(17,196	)	$	33,800
	Net interest expense													(34,411		)
	Other income (expense), net													(56		)
	Income tax benefit													150
	Loss from continuing operations													(517		)
	Loss from discontinued operations, net of income taxes													(106		)
	Net loss													$	(623	)
	Capital expenditures	$	17,920		$	4,530		$	398		$	2,519		$	25,367

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
	Jun. 30, 2014
Acquisition	'
Schedule of pro forma consolidated revenue and net loss	'
		Three months ended					Nine months ended
		June 30,					June 30,
	(in thousands)	2013			2014		2013			2014
	Revenue	$	212,890		$	227,360	$	531,472		$	572,310
	Net income (loss)	11,728			11,309		(1,440		)	1,945
Schedule of activity of non-controlling interest	'
		(in thousands)
	Estimated fair value as of acquisition date	$	13,239
	Net income attributable to non-controlling interest	619
	Dividend	(318		)
	Fair value adjustment	158
	Balance as of June 30, 2014	$	13,698
Kleer Lumber Inc [Member]	'
Acquisition	'
Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date	'
		(in thousands)
	Current assets	$	5,818
	Current liabilities	(3,093		)
	Property, plant and equipment	4,098
	Intangible assets:
	Customer relationships (15 year life)	11,100
	Trade name (indefinite life)	4,800
	Goodwill	20,527
	Net assets acquired	$	43,250
Entegra [Member]	'
Acquisition	'
Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date	'
		(in thousands)
	Current assets	$	8,260
	Current liabilities	(3,422		)
	Property, plant and equipment	10,589
	Intangible assets:
	Customer relationships (15 year life)	18,600
	Trade name (indefinite life)	6,600
	Goodwill	30,089
	Net assets acquired	70,716
	Less non-controlling interest	(13,239		)
	Net assets attributable to Headwaters	$	57,477
Gerard [Member]	'
Acquisition	'
Schedule of estimated fair values of assets acquired and liabilities assumed as of the acquisition date	'
		(in thousands)
	Current assets	$	9,358
	Current liabilities	(5,637		)
	Property, plant and equipment	6,617
	Goodwill and intangible assets	17,664
	Net assets acquired	$	28,002

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
	Jun. 30, 2014
Discontinued Operations	'
Schedule Of Information For The Discontinued Coal Cleaning Business	'
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
	(in thousands)	2013			2014			2013			2014
	Revenue	$	0		$	0		$	4,386		$	0
	Loss from operations of discontinued operations before income taxes	$	0		$	(146	)	$	(3,085	)	$	(3,138	)
	Gain (loss) on disposal	(952		)	(85		)	2,158			3,032
	Income tax benefit	2,720			0			2,720			0
	Income (loss) from discontinued operations, net of income taxes	$	1,768		$	(231	)	$	1,793		$	(106	)

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Jun. 30, 2014
Inventories	'
Schedule of components of inventory	'
	(in thousands)	September 30, 2013		June 30, 2014
	Raw materials	$	9,909	$	12,371
	Finished goods	27,474		43,682
		$	37,383	$	56,053

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2014
Intangible Assets	'
Schedule of gross carrying amounts and accumulated amortization of intangible assets	'
				September 30, 2013				June 30, 2014
	(in thousands of dollars)	Estimated		Gross		Accumulated		Gross		Accumulated
		useful lives		Carrying		Amortization		Carrying		Amortization
				Amount				Amount
	Trade names	Indefinite		$	4,800	—		$	11,400	—
	CCP contracts	15 - 20 years		106,400		$	58,699	110,590		$	62,783
	Customer relationships	5 - 15 years		83,564		44,129		101,283		48,362
	Trade names	5 - 20 years		67,790		30,502		67,220		32,539
	Patents and patented technologies	5 - 19 years		55,099		46,954		54,371		50,698
	Other	6 - 17 years		3,960		1,532		3,935		1,738
				$	321,613	$	181,816	$	348,799	$	196,120
Schedule of total currently estimated annual amortization expense	'
	Year ending September 30:	(in thousands)
	2014	$	21,153
	2015	17,276
	2016	17,019
	2017	16,141
	2018	16,091
	2019	15,063

Longterm_Debt_Tables

Long-term Debt (Tables)	9 Months Ended
	Jun. 30, 2014
Long-term Debt	'
Schedule of the discounted carrying value of long-term debt	'
	(in thousands)	September 30,			June 30,
		2013			2014
	7-5/8% Senior secured notes, due April 2019	$	400,000		$	400,000
	7¼% Senior notes, due January 2019	0			150,000
	Convertible senior subordinated notes:
	2.50%, repaid in February 2014 (face amount $7,687), net of discount	7,553			0
	8.75%, due February 2016 (face amount $49,791), net of discount	49,420			49,539
	Total convertible senior subordinated notes, net of applicable discounts	56,973			49,539
	Carrying amount of long-term debt, net of discounts	456,973			599,539
	Less current portion	(7,553		)	0
	Long-term debt	$	449,420		$	599,539

Earnings_per_Share_Tables

Earnings per Share (Tables)	9 Months Ended
	Jun. 30, 2014
Earnings per Share	'
Schedule of computation of basic and diluted EPS	'
		Three Months Ended					Nine Months Ended
		June 30,					June 30,
	(in thousands, except per-share amounts)	2013		2014			2013			2014
	Numerator:
	Income (loss) from continuing operations	$	9,248	$	11,124		$	(4,909	)	$	(517	)
	Income from continuing operations attributable to non-controlling interest	0		(389		)	0			(619		)
	Fair value adjustment of non-controlling interest	0		(158		)	0			(158		)
	Numerator for basic and diluted earnings per share from continuing operations — income (loss) from continuing operations attributable to Headwaters Incorporated	9,248		10,577			(4,909		)	(1,294		)
	Numerator for basic and diluted earnings per share from discontinued operations — income (loss) from discontinued operations, net of income taxes	1,768		(231		)	1,793			(106		)
	Numerator for basic and diluted earnings per share — net income (loss) attributable to Headwaters Incorporated	$	11,016	$	10,346		$	(3,116	)	$	(1,400	)
	Denominator:
	Denominator for basic earnings per share — weighted-average shares outstanding	72,892		73,206			69,195			73,131
	Effect of dilutive securities —  shares issuable upon exercise of options and SARs and vesting of restricted stock	1,247		1,380			0			0
	Denominator for diluted earnings per share — weighted-average shares outstanding after assumed exercises and vesting	74,139		74,586			69,195			73,131
	Basic and diluted income (loss) per share from continuing operations	$	0.13	$	0.14		$	(0.07	)	$	(0.02	)
	Basic and diluted income per share from discontinued operations	0.02		0			0.02			0
	Basic and diluted income (loss) per share	$	0.15	$	0.14		$	(0.05	)	$	(0.02	)
	Anti-dilutive securities not considered in diluted EPS calculation:
	SARs	775		691			2,877			3,836
	Stock options	893		377			1,002			530
	Restricted stock	0		0			140			253

Condensed_Consolidating_Financ1

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Jun. 30, 2014
Condensed Consolidating Financial Information	'
Schedule of condensed consolidating balance sheet	'
	CONDENSED CONSOLIDATING BALANCE SHEET — September 30, 2013
		Guarantor			Parent			Eliminations			Headwaters
								and
	(in thousands)	Subsidiaries			Company			Reclassifications			Consolidated
	ASSETS
	Current assets:
	Cash and cash equivalents	$	70,747		$	4,569		$	—		$	75,316
	Trade receivables, net	109,868									109,868
	Inventories	37,383									37,383
	Deferred income taxes	25,828			17,895			(29,687		)	14,036
	Other	6,548			732						7,280
	Total current assets	250,374			23,196			(29,687		)	243,883
	Property, plant and equipment, net	155,499			4,120			—			159,619
	Other assets:
	Goodwill	137,198									137,198
	Intangible assets, net	139,797									139,797
	Investments in subsidiaries				282,979			(282,979		)	—
	Intercompany accounts and notes	360,482			637,046			(997,528		)	—
	Deferred income taxes	53,228			22,179			(75,407		)	—
	Other	22,300			21,212						43,512
	Total other assets	713,005			963,416			(1,355,914		)	320,507
	Total assets	$	1,118,878		$	990,732		$	(1,385,601	)	$	724,009
	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Current liabilities:
	Accounts payable	$	21,051		$	759		$	—		$	21,810
	Accrued personnel costs	14,622			33,124						47,746
	Accrued interest				16,077						16,077
	Current and deferred income taxes	20,073			9,734			(29,687		)	120
	Other accrued liabilities	52,898			2,370						55,268
	Current portion of long-term debt				7,553						7,553
	Total current liabilities	108,644			69,617			(29,687		)	148,574
	Long-term liabilities:
	Long-term debt				449,420						449,420
	Income taxes	80,877			19,167			(75,407		)	24,637
	Intercompany accounts and notes	637,046			360,482			(997,528		)	—
	Other	9,332			7,636						16,968
	Total long-term liabilities	727,255			836,705			(1,072,935		)	491,025
	Total liabilities	835,899			906,322			(1,102,622		)	639,599
	Stockholders’ equity:
	Common stock				73						73
	Capital in excess of par value	458,498			720,828			(458,498		)	720,828
	Retained earnings (accumulated deficit)	(175,519		)	(635,972		)	175,519			(635,972		)
	Treasury stock				(519		)				(519		)
	Total stockholders’ equity	282,979			84,410			(282,979		)	84,410
	Total liabilities and stockholders’ equity	$	1,118,878		$	990,732		$	(1,385,601	)	$	724,009
	CONDENSED CONSOLIDATING BALANCE SHEET — June 30, 2014
		Guarantor			Non-			Parent			Eliminations			Headwaters
					guarantor						and
	(in thousands)	Subsidiaries			Subsidiaries			Company			Reclassifications			Consolidated
	ASSETS
	Current assets:
	Cash and cash equivalents	$	102,997		$	5,177		$	6,290		$	—		$	114,464
	Trade receivables, net	109,896			5,102									114,998
	Inventories	53,204			2,849									56,053
	Current and deferred income taxes	24,601						17,981			(30,155		)	12,427
	Other	10,070			237			2,095						12,402
	Total current assets	300,768			13,365			26,366			(30,155		)	310,344
	Property, plant and equipment, net	158,514			11,457			6,310			—			176,281
	Other assets:
	Goodwill	150,547			35,493									186,040
	Intangible assets, net	128,152			24,527									152,679
	Investments in subsidiaries							386,127			(386,127		)	—
	Intercompany accounts and notes	276,022						637,046			(913,068		)	—
Deferred income taxes	54,404						19,981			(74,385		)	—
Other	15,235			1,200			26,461						42,896
Total other assets	624,360			61,220			1,069,615			(1,373,580		)	381,615
Total assets	$	1,083,642		$	86,042		$	1,102,291		$	(1,403,735	)	$	868,240
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	23,818		$	795		$	244		$	—		$	24,857
Accrued personnel costs	9,391			326			32,332						42,049
Accrued interest							15,515						15,515
Current and deferred income taxes	29,505			650						(30,155		)	—
Other accrued liabilities	35,895			3,665			2,507						42,067
Total current liabilities	98,609			5,436			50,598			(30,155		)	124,488
Long-term liabilities:
Long-term debt							599,539						599,539
Income taxes	80,276						15,089			(74,385		)	20,980
Intercompany accounts and notes	571,136			1,433			340,499			(913,068		)	—
Other	13,033			94			11,210						24,337
Total long-term liabilities	664,445			1,527			966,337			(987,453		)	644,856
Total liabilities	763,054			6,963			1,016,935			(1,017,608		)	769,344
Non-controlling interest in consolidated subsidiary				13,698									13,698
Stockholders’ equity:
Common stock							73						73
Capital in excess of par value	458,499			64,318			723,030			(522,975		)	722,872
Retained earnings (accumulated deficit)	(137,911		)	1,063			(637,214		)	136,848			(637,214		)
Treasury stock							(533		)				(533		)
Total stockholders’ equity	320,588			65,381			85,356			(386,127		)	85,198
Total liabilities and stockholders’ equity	$	1,083,642		$	86,042		$	1,102,291		$	(1,403,735	)	$	868,240
Schedule of condensed consolidating statement of operations	'
	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
	Three Months Ended June 30, 2013
		Guarantor			Parent						Headwaters
	(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
	Revenue:
	Light building products	$	118,035		$	—		$	—		$	118,035
	Heavy construction materials	75,114									75,114
	Energy technology	3,881									3,881
	Total revenue	197,030			—			—			197,030
	Cost of revenue:
	Light building products	82,096									82,096
	Heavy construction materials	54,642									54,642
	Energy technology	1,787									1,787
	Total cost of revenue	138,525			—			—			138,525
	Gross profit	58,505			—			—			58,505
	Operating expenses:
	Amortization	5,319									5,319
	Selling, general and administrative	25,193			4,808						30,001
	Total operating expenses	30,512			4,808			—			35,320
	Operating income (loss)	27,993			(4,808		)	—			23,185
	Other income (expense):
	Net interest income (expense)	9			(11,120		)				(11,111		)
	Equity in earnings of subsidiaries				22,624			(22,624		)	—
	Other, net	24									24
	Total other income (expense), net	33			11,504			(22,624		)	(11,087		)
	Income from continuing operations before income taxes	28,026			6,696			(22,624		)	12,098
	Income tax benefit (provision)	(7,170		)	4,320						(2,850		)
	Income from continuing operations	20,856			11,016			(22,624		)	9,248
	Income from discontinued operations, net of income taxes	1,768									1,768
	Net income	$	22,624		$	11,016		$	(22,624	)	$	11,016
	CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
	Three Months Ended June 30, 2014
		Guarantor			Non-			Parent						Headwaters
					guarantor
	(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
	Revenue:
	Light building products	$	129,085		$	11,487		$	—		$	—		$	140,572
	Heavy construction materials	80,636												80,636
	Energy technology	2,191												2,191
	Total revenue	211,912			11,487			—			—			223,399
	Cost of revenue:
	Light building products	89,948			7,725									97,673
	Heavy construction materials	57,070												57,070
	Energy technology	984												984
	Total cost of revenue	148,002			7,725			—			—			155,727
	Gross profit	63,910			3,762			—			—			67,672
	Operating expenses:
	Amortization	5,165			312									5,477
	Selling, general and administrative	28,837			1,409			6,258						36,504
	Total operating expenses	34,002			1,721			6,258			—			41,981
	Operating income (loss)	29,908			2,041			(6,258		)	—			25,691
	Other income (expense):
	Net interest expense	(125		)	(2		)	(11,994		)				(12,121		)
	Equity in earnings of subsidiaries							23,446			(23,446		)	—
	Other, net	25			(61		)							(36		)
	Total other income (expense), net	(100		)	(63		)	11,452			(23,446		)	(12,157		)
	Income from continuing operations before income taxes	29,808			1,978			5,194			(23,446		)	13,534
	Income tax benefit (provision)	(7,250		)	(470		)	5,310						(2,410		)
	Income from continuing operations	22,558			1,508			10,504			(23,446		)	11,124
	Loss from discontinued operations, net of income taxes	(231		)										(231		)
	Net income	22,327			1,508			10,504			(23,446		)	10,893
	Net income attributable to non-controlling interest				(389		)							(389		)
	Net income attributable to Headwaters Incorporated	$	22,327		$	1,119		$	10,504		$	(23,446	)	$	10,504
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended June 30, 2013
	Guarantor			Parent						Headwaters
(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	279,501		$	—		$	—		$	279,501
Heavy construction materials	197,286									197,286
Energy technology	10,804									10,804
Total revenue	487,591			—			—			487,591
Cost of revenue:
Light building products	202,723									202,723
Heavy construction materials	151,622									151,622
Energy technology	5,085									5,085
Total cost of revenue	359,430			—			—			359,430
Gross profit	128,161			—			—			128,161
Operating expenses:
Amortization	15,543									15,543
Selling, general and administrative	70,013			14,504						84,517
Total operating expenses	85,556			14,504			—			100,060
Operating income (loss)	42,605			(14,504		)	—			28,101
Other income (expense):
Net interest expense	(49		)	(32,673		)				(32,722		)
Equity in earnings of subsidiaries				35,336			(35,336		)	—
Other, net	227			35						262
Total other income (expense), net	178			2,698			(35,336		)	(32,460		)
Income (loss) from continuing operations before income taxes	42,783			(11,806		)	(35,336		)	(4,359		)
Income tax benefit (provision)	(9,240		)	8,690						(550		)
Income (loss) from continuing operations	33,543			(3,116		)	(35,336		)	(4,909		)
Income from discontinued operations, net of income taxes	1,793									1,793
Net income (loss)	$	35,336		$	(3,116	)	$	(35,336	)	$	(3,116	)
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Nine Months Ended June 30, 2014
	Guarantor			Non-			Parent						Headwaters
				guarantor
(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
Revenue:
Light building products	$	305,530		$	22,193		$	—		$	—		$	327,723
Heavy construction materials	211,250												211,250
Energy technology	6,553												6,553
Total revenue	523,333			22,193			—			—			545,526
Cost of revenue:
Light building products	222,275			15,564									237,839
Heavy construction materials	157,504												157,504
Energy technology	3,067												3,067
Total cost of revenue	382,846			15,564			—			—			398,410
Gross profit	140,487			6,629			—			—			147,116
Operating expenses:
Amortization	15,394			674									16,068
Selling, general and administrative	77,248			2,804			17,196						97,248
Total operating expenses	92,642			3,478			17,196			—			113,316
Operating income (loss)	47,845			3,151			(17,196		)	—			33,800
Other income (expense):
Net interest expense	(292		)	(2		)	(34,117		)				(34,411		)
Equity in earnings of subsidiaries							38,671			(38,671		)	—
Other, net	99			(155		)							(56		)
Total other income (expense), net	(193		)	(157		)	4,554			(38,671		)	(34,467		)
Income (loss) from continuing operations before income taxes	47,652			2,994			(12,642		)	(38,671		)	(667		)
Income tax benefit (provision)	(10,600		)	(650		)	11,400						150
Income (loss) from continuing operations	37,052			2,344			(1,242		)	(38,671		)	(517		)
Loss from discontinued operations, net of income taxes	(106		)										(106		)
Net income (loss)	36,946			2,344			(1,242		)	(38,671		)	(623		)
Net income attributable to non-controlling interest				(619		)							(619		)
Net income (loss) attributable to Headwaters Incorporated	$	36,946		$	1,725		$	(1,242	)	$	(38,671	)	$	(1,242	)
Schedule of condensed consolidating statement of cash flows	'
	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	Nine Months Ended June 30, 2013
		Guarantor			Parent						Headwaters
	(in thousands)	Subsidiaries			Company			Eliminations			Consolidated
	Cash flows from operating activities:
	Net income (loss)	$	35,336		$	(3,116	)	$	(35,336	)	$	(3,116	)
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
	Depreciation and amortization	39,222			210						39,432
	Interest expense related to amortization of debt issue costs and debt discount				4,999						4,999
	Stock-based compensation	588			679						1,267
	Deferred income taxes	223									223
	Net gain on disposition of property, plant and equipment	(726		)							(726		)
	Gain on sale of discontinued operations, net of income taxes	(2,158		)							(2,158		)
	Gain on convertible debt repayment				(35		)				(35		)
	Equity in earnings of subsidiaries				(35,336		)	35,336			0
	Decrease in trade receivables	1,066									1,066
	Increase in inventories	(2,931		)							(2,931		)
	Decrease in accounts payable and accrued liabilities	(14,642		)	(11,106		)				(25,748		)
	Other changes in operating assets and liabilities, net	(9,694		)	5,291						(4,403		)
	Net cash provided by (used in) operating activities	46,284			(38,414		)	—			7,870
	Cash flows from investing activities:
	Payment for acquisition	(43,250		)							(43,250		)
	Purchase of property, plant and equipment	(19,942		)	(1,604		)				(21,546		)
	Proceeds from disposition of property, plant and equipment	855									855
	Proceeds from sale of discontinued operations	4,813									4,813
	Net decrease (increase) in long-term receivables and deposits	(1,413		)	719						(694		)
	Net change in other assets	(385		)	(45		)				(430		)
	Net cash used in investing activities	(59,322		)	(930		)	—			(60,252		)
	Cash flows from financing activities:
	Net proceeds from issuance of common stock				77,957						77,957
	Payments on long-term debt				(39,476		)				(39,476		)
	Employee stock purchases	438			171						609
	Net cash provided by financing activities	438			38,652			—			39,090
	Net decrease in cash and cash equivalents	(12,600		)	(692		)	—			(13,292		)
	Cash and cash equivalents, beginning of period	44,111			9,671						53,782
	Cash and cash equivalents, end of period	$	31,511		$	8,979		$	—		$	40,490
	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	Nine Months Ended June 30, 2014
					Non-
		Guarantor			guarantor			Parent						Headwaters
	(in thousands)	Subsidiaries			Subsidiaries			Company			Eliminations			Consolidated
	Cash flows from operating activities:
	Net income (loss)	$	36,946		$	2,344		$	(1,242	)	$	(38,671	)	$	(623	)
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
	Depreciation and amortization	39,130			1,388			196						40,714
	Interest expense related to amortization of debt issue costs and debt discount							1,699						1,699
	Stock-based compensation	618						958						1,576
	Deferred income taxes	429												429
	Net loss (gain) on disposition of property, plant and equipment	(135		)	5			46						(84		)
	Gain on sale of discontinued operations, net of income taxes	(3,032		)										(3,032		)
	Asset impairments	1,466												1,466
	Net loss of unconsolidated joint ventures				286									286
	Equity in earnings of subsidiaries							(38,671		)	38,671			0
	Decrease in trade receivables	2,609			922									3,531
	Decrease (increase) in inventories	(9,521		)	882									(8,639		)
	Increase (decrease) in accounts payable and accrued liabilities	(26,725		)	1,240			(1,731		)				(27,216		)
	Other changes in operating assets and liabilities, net	5,258			529			(10,697		)				(4,910		)
	Net cash provided by (used in) operating activities	47,043			7,596			(49,442		)	—			5,197
	Cash flows from investing activities:
	Payments for acquisitions	(3,100		)				(85,479		)				(88,579		)
	Payments for investments in unconsolidated joint ventures				(1,450		)							(1,450		)
	Purchase of property, plant and equipment	(22,163		)	(685		)	(2,519		)				(25,367		)
	Proceeds from disposition of property, plant and equipment	864												864
Proceeds from sale of discontinued operations	4,666												4,666
Net decrease in long-term receivables and deposits	7,373						300						7,673
Net change in other assets	(2,864		)	(318		)	306						(2,876		)
Net cash used in investing activities	(15,224		)	(2,453		)	(87,392		)	—			(105,069		)
Cash flows from financing activities:
Net proceeds from issuance of long-term debt							146,200						146,200
Payments on long-term debt							(7,792		)				(7,792		)
Employee stock purchases	465						147						612
Net cash provided by financing activities	465			—			138,555			—			139,020
Net increase in cash and cash equivalents	32,284			5,143			1,721			—			39,148
Cash and cash equivalents, beginning of period	70,713			34			4,569						75,316
Cash and cash equivalents, end of period	$	102,997		$	5,177		$	6,290		$	—		$	114,464

Nature_of_Operations_and_Basis1

Nature of Operations and Basis of Presentation (Details)	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
	item
Nature of Operations and Basis of Presentation	'	'
Number of building materials segments	2	'
Percentage of total revenue and cost of revenue for services	11.00%	12.00%

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
			segment
Segment Reporting	'	'	'	'	'
Number of business segments	'	'	3	'	'
Segment reporting	'	'	'	'	'
Segment revenue	$223,399	$197,030	$545,526	$487,591	'
Depreciation and amortization	-14,254	-13,850	-40,714	-39,432	'
Operating income (loss)	25,691	23,185	33,800	28,101	'
Net interest expense	-12,121	-11,111	-34,411	-32,722	'
Other income (expense), net	-36	24	-56	262	'
Income tax benefit (provision)	-2,410	-2,850	150	-550	'
Loss from continuing operations	11,124	9,248	-517	-4,909	'
Income (loss) from discontinued operations, net of income taxes	-231	1,768	-106	1,793	'
Net income (loss)	10,893	11,016	-623	-3,116	'
Capital expenditures	9,423	7,139	25,367	21,546	'
Segment assets	868,240	724,009	868,240	724,009	724,009
Operating Segments [Member] | Light Building Products [Member]	'	'	'	'	'
Segment reporting	'	'	'	'	'
Segment revenue	140,572	118,035	327,723	279,501	'
Depreciation and amortization	-10,336	-10,009	-29,094	-28,102	'
Operating income (loss)	18,691	15,509	25,684	19,971	'
Capital expenditures	6,604	4,813	17,920	15,704	'
Segment assets	420,527	306,686	420,527	306,686	'
Operating Segments [Member] | Heavy Construction Materials [Member]	'	'	'	'	'
Segment reporting	'	'	'	'	'
Segment revenue	80,636	75,114	211,250	197,286	'
Depreciation and amortization	-3,444	-3,222	-10,049	-9,493	'
Operating income (loss)	15,019	12,823	30,180	24,096	'
Capital expenditures	1,968	1,786	4,530	3,846	'
Segment assets	382,274	358,684	382,274	358,684	'
Operating Segments [Member] | Energy Technology [Member]	'	'	'	'	'
Segment reporting	'	'	'	'	'
Segment revenue	2,191	3,881	6,553	10,804	'
Depreciation and amortization	-408	-542	-1,375	-1,627	'
Operating income (loss)	-1,761	-339	-4,868	-1,462	'
Capital expenditures	93	123	398	392	'
Segment assets	30,234	34,509	30,234	34,509	'
Corporate Non Segment [Member]	'	'	'	'	'
Segment reporting	'	'	'	'	'
Segment revenue	0	0	0	0	'
Depreciation and amortization	-66	-77	-196	-210	'
Operating income (loss)	-6,258	-4,808	-17,196	-14,504	'
Capital expenditures	758	417	2,519	1,604	'
Segment assets	$35,205	$24,130	$35,205	$24,130	'

Acquisitions_Details

Acquisitions (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

1 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Dec. 12, 2013

Jun. 30, 2014

Dec. 12, 2013

Dec. 12, 2013

Jun. 30, 2014

Dec. 12, 2013

Dec. 12, 2013

16-May-14

Jun. 30, 2014

16-May-14

Mar. 31, 2014

Jul. 31, 2014

item

item

Kleer Lumber Inc [Member]

Kleer Lumber Inc [Member]

Kleer Lumber Inc [Member]

Kleer Lumber Inc [Member]

Kleer Lumber Inc [Member]

Acquisitions2014 [Member]

Acquisitions2014 [Member]

Acquisitions2014 [Member]

Acquisitions2014 [Member]

Acquisitions2014 [Member]

Entegra [Member]

Entegra [Member]

Entegra [Member]

Entegra [Member]

Entegra [Member]

Entegra [Member]

Roof Tile Inc [Member]

Gerard [Member]

Gerard [Member]

Gerard [Member]

Other Business Acquisitions [Member]

Other Business Acquisitions [Member]

Trade Names [Member]

Customer Relationships [Member]

Trade Names [Member]

Customer Relationships [Member]

Customer Relationships [Member]

item

Subsequent Event [Member]

Acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total cash consideration of acquisition

'

'

'

'

'

$43,300,000

'

'

'

'

'

'

'

'

'

$57,500,000

'

'

'

'

'

'

$28,000,000

'

'

$3,100,000

$7,400,000

Fees for advisory, legal and other professional services

'

'

'

'

'

'

'

900,000

'

'

600,000

'

600,000

'

'

'

400,000

'

'

'

'

'

'

200,000

'

'

'

Number of primary metal profiles sold

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7

'

'

'

Number of product categories in niche roofing

3

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated fair values of assets acquired and liabilities assumed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Current assets

'

'

'

'

'

'

'

5,818,000

'

'

'

'

'

'

'

'

'

8,260,000

'

'

'

'

'

'

9,358,000

'

'

Current liabilities

'

'

'

'

'

'

'

-3,093,000

'

'

'

'

'

'

'

'

'

-3,422,000

'

'

'

'

'

'

-5,637,000

'

'

Property, plant and equipment

'

'

'

'

'

'

'

4,098,000

'

'

'

'

'

'

'

'

'

10,589,000

'

'

'

'

'

'

6,617,000

'

'

Goodwill

186,040,000

'

186,040,000

'

137,198,000

'

'

20,527,000

'

'

'

'

'

'

'

'

'

30,089,000

'

'

'

'

'

'

'

'

'

Goodwill and intangible assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17,664,000

'

'

Net assets acquired

'

'

'

'

'

'

'

43,250,000

'

'

'

'

'

'

'

'

'

70,716,000

'

'

'

'

'

'

28,002,000

'

'

Less non-controlling interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-13,239,000

-13,239,000

'

'

'

'

'

'

'

'

'

Net assets attributable to Headwaters

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

57,477,000

'

'

'

'

'

'

'

'

'

Intangible assets acquired:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Finite lived intangible assets

'

'

'

'

'

'

'

'

'

11,100,000

'

'

'

'

'

'

'

'

'

'

18,600,000

'

'

'

'

'

'

Indefinite lived intangible assets

'

'

'

'

'

'

'

'

4,800,000

'

'

'

'

'

'

'

'

'

6,600,000

'

'

'

'

'

'

'

'

Estimated useful lives

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'

'

'

Period over which goodwill is expected to be deductible for tax purpose

'

'

'

'

'

'

'15 years

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'

'

'

'

'

'

Percentage of equity interests acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

Noncontrolling equity interest (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

'

'

'

'

'

'

'

'

'

'

Minimum period following the acquisition date after which remaining noncontrolling equity interest may be acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

Minimum period following the acquisition date after which the noncontrolling owners may require remaining noncontrolling equity interests to be acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'18 months

'

'

'

'

'

'

'

'

'

'

Revenue

223,399,000

197,030,000

545,526,000

487,591,000

'

'

'

'

'

'

15,200,000

'

26,000,000

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)

10,893,000

11,016,000

-623,000

-3,116,000

'

'

'

'

'

'

1,700,000

'

2,600,000

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Pro forma consolidated revenue and net income (loss)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

'

'

'

'

'

'

'

'

'

'

227,360,000

212,890,000

572,310,000

531,472,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

'

'

'

'

'

'

'

'

'

'

11,309,000

11,728,000

1,945,000

-1,440,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Nonrecurring expense related to the fair value adjustment to acquisition-date inventory

'

'

'

'

'

'

'

'

'

'

1,200,000

'

1,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-controlling interest in consolidated subsidiary

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated fair value as of acquisition date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,239,000

13,239,000

'

'

'

'

'

'

'

'

'

Net income attributable to non-controlling interest

389,000

0

619,000

0

'

'

'

'

'

'

'

'

'

'

'

'

619,000

'

'

'

'

'

'

'

'

'

'

Dividend

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-318,000

'

'

'

'

'

'

'

'

'

'

Fair value adjustment

158,000

0

158,000

0

'

'

'

'

'

'

'

'

'

'

'

'

158,000

'

'

'

'

'

'

'

'

'

'

Balance

$13,698,000

'

$13,698,000

'

$0

'

'

'

'

'

'

'

'

'

'

'

$13,698,000

'

'

'

'

'

'

'

'

'

'

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jan. 31, 2013
Discontinued operations	'	'	'	'	'
Income (loss) from discontinued operations, net of income taxes	($231,000)	$1,768,000	($106,000)	$1,793,000	'
Coal Cleaning Business [Member]	'	'	'	'	'
Discontinued operations	'	'	'	'	'
Remaining assets held for sale	'	'	'	'	0
Revenue	0	0	0	4,386,000	'
Loss from operations of discontinued operations before income taxes	-146,000	0	-3,138,000	-3,085,000	'
Gain (loss) on disposal	-85,000	-952,000	3,032,000	2,158,000	'
Income tax benefit (provision)	0	2,720,000	0	2,720,000	'
Income (loss) from discontinued operations, net of income taxes	-231,000	1,768,000	-106,000	1,793,000	'
Accrued contingent liability for reclamation obligations	8,000,000	'	8,000,000	'	'
Proceeds from deferred purchase price payments	'	'	$2,700,000	'	'

Inventories_Details

Inventories (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Inventories	'	'
Raw materials	$12,371	$9,909
Finished goods	43,682	27,474
Inventories	$56,053	$37,383

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Total Gross Carrying Amount	$348,799,000	'	$348,799,000	'	$321,613,000
Accumulated Amortization	196,120,000	'	196,120,000	'	181,816,000
Amortization expense related to intangible assets	5,500,000	5,300,000	16,100,000	15,500,000	'
C C P Contracts [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	110,590,000	'	110,590,000	'	106,400,000
Accumulated Amortization	62,783,000	'	62,783,000	'	58,699,000
C C P Contracts [Member] | Minimum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'15 years	'	'
C C P Contracts [Member] | Maximum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'20 years	'	'
Customer Relationships [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	101,283,000	'	101,283,000	'	83,564,000
Accumulated Amortization	48,362,000	'	48,362,000	'	44,129,000
Customer Relationships [Member] | Minimum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'5 years	'	'
Customer Relationships [Member] | Maximum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'15 years	'	'
Trade Names [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	67,220,000	'	67,220,000	'	67,790,000
Accumulated Amortization	32,539,000	'	32,539,000	'	30,502,000
Trade Names [Member] | Minimum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'5 years	'	'
Trade Names [Member] | Maximum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'20 years	'	'
Patents And Patented Technologies [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	54,371,000	'	54,371,000	'	55,099,000
Accumulated Amortization	50,698,000	'	50,698,000	'	46,954,000
Patents And Patented Technologies [Member] | Minimum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'5 years	'	'
Patents And Patented Technologies [Member] | Maximum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'19 years	'	'
Other Intangible Assets [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	3,935,000	'	3,935,000	'	3,960,000
Accumulated Amortization	1,738,000	'	1,738,000	'	1,532,000
Other Intangible Assets [Member] | Minimum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'6 years	'	'
Other Intangible Assets [Member] | Maximum [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Estimated useful lives	'	'	'17 years	'	'
Trade Names [Member]	'	'	'	'	'
Gross carrying amount and accumulated amortization of intangible assets	'	'	'	'	'
Gross Carrying Amount	$11,400,000	'	$11,400,000	'	$4,800,000

Intangible_Assets_Details_2

Intangible Assets (Details 2) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Total currently estimated annual amortization expense	'
2014	$21,153
2015	17,276
2016	17,019
2017	16,141
2018	16,091
2019	$15,063

Longterm_Debt_Details

Long-term Debt (Details) (USD $)

Jun. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2013

Sep. 30, 2011

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2013

In Thousands, unless otherwise specified

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Convertible Subordinated Debt [Member]

Convertible Subordinated Debt [Member]

Convertible Senior Subordinated Notes2.50 Percent Due2014 [Member]

Convertible Senior Subordinated Notes2.50 Percent Due2014 [Member]

Convertible Senior Subordinated Notes2.50 Percent Due2014 [Member]

Convertible Senior Subordinated Notes8.75 Percent Due2016 [Member]

Convertible Senior Subordinated Notes8.75 Percent Due2016 [Member]

Long-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

$599,800

$457,500

'

'

'

'

'

'

'

'

'

'

$7,687

$49,791

'

Carrying amount of long-term debt, net of discounts

599,539

456,973

400,000

400,000

'

150,000

'

0

49,539

56,973

0

'

7,553

49,539

49,420

Less current portion

0

-7,553

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term debt

$599,539

$449,420

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate on long-term debt (as a percent)

'

'

7.63%

7.63%

7.63%

7.25%

7.25%

7.25%

'

'

'

2.50%

2.50%

8.75%

8.75%

Longterm_Debt_Details_2

Long-term Debt (Details 2) (USD $)

9 Months Ended

12 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

9 Months Ended

In Millions, unless otherwise specified

Jun. 30, 2014

Sep. 30, 2011

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Secured Notes7.625 Percent Due April2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Senior Notes7.25 Percent Due January2019 [Member]

Debt Instrument Redemption Period Commencing After March312015 [Member]

Debt Instrument Redemption Period Commencing After March312015 [Member]

Debt Instrument Redemption Period On Or Prior To March312015 [Member]

Debt Instrument Redemption Period Commencing After January152016 [Member]

Debt Instrument Redemption Period Commencing After January152016 [Member]

Debt Instrument Redemption Period On Or Prior To January152016 [Member]

Debt Instrument Redemption Period On Or Prior To January152016 [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Long-term debt

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional borrowings

'

$400

'

'

'

'

$150

'

'

'

'

'

'

Net proceeds from senior secured notes

'

$392.80

'

'

'

'

$146.20

'

'

'

'

'

'

Interest rate on secured notes (as a percent)

7.63%

7.63%

7.63%

'

'

'

7.25%

7.25%

7.25%

'

'

'

'

Debt instrument redemption price (as a percent)

'

'

'

103.80%

100.00%

'

'

'

'

103.63%

100.00%

'

'

Percentage of the principal amount of the debt instrument which the entity may redeem with proceeds from qualified equity offerings

'

'

'

'

'

'

'

'

'

'

'

'

35.00%

Redemption price of debt instrument if redeemed with proceeds from qualified equity offerings (as a percent)

'

'

'

'

'

'

'

'

'

'

'

107.25%

'

Debt instrument redemption price in addition to a make-whole premium (as a percent)

'

'

'

'

'

100.00%

'

'

'

'

'

100.00%

'

Purchase price of debt instrument, if there is a change in control (as a percent)

101.00%

'

'

'

'

'

'

101.00%

'

'

'

'

'

Longterm_Debt_Details_3

Long-term Debt (Details 3) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Assets Based Revolving Line Of Credit Facility [Member]	'
Long-term debt	'
Revolving credit arrangement amount outstanding	$0
Maximum borrowing capacity	70
Current borrowing capacity	60.6
Line of credit facility, interest rate at period end (as a percent)	2.20%
Termination date based on the earliest maturity date of the specified long-term debt	'3 months
Assets Based Revolving Line Of Credit Facility [Member] | Minimum [Member]	'
Long-term debt	'
Line of credit facility unused capacity commitment fee percentage	0.25%
Specified percentage of availability in which a monthly fixed charge coverage ratio applies	15.00%
Coverage ratio	1
Assets Based Revolving Line Of Credit Facility [Member] | Maximum [Member]	'
Long-term debt	'
Line of credit facility unused capacity commitment fee percentage	0.38%
Assets Based Revolving Line Of Credit Facility [Member] | London Interbank Offered Rate L I B O R [Member]	'
Long-term debt	'
Variable interest rate base	'LIBOR
Percentage points added to the reference rate, one	1.75%
Percentage points added to the reference rate, two	2.00%
Percentage points added to the reference rate, three	2.25%
Assets Based Revolving Line Of Credit Facility [Member] | Base Rate [Member]	'
Long-term debt	'
Variable interest rate base	'Base rate
Percentage points added to the reference rate, one	0.50%
Percentage points added to the reference rate, two	0.75%
Percentage points added to the reference rate, three	1.00%
Assets Based Revolving Line Of Credit Facility [Member] | Prime Rate [Member]	'
Long-term debt	'
Variable interest rate base	'Prime rate
Assets Based Revolving Line Of Credit Facility [Member] | Debt Instrument Variable Rate Base Federal Funds Rate [Member]	'
Long-term debt	'
Variable interest rate base	'Federal funds rate
Interest rate margin (as a percent)	0.50%
Assets Based Revolving Line Of Credit Facility [Member] | Debt Instrument Variable Rate Base Thirty Day L I B O R [Member]	'
Long-term debt	'
Variable interest rate base	'30-day LIBOR
Interest rate margin (as a percent)	1.00%
Letter Of Credit [Member]	'
Long-term debt	'
Maximum borrowing capacity	35
Outstanding standby letters of credit	7.4
Swingline Facility [Member]	'
Long-term debt	'
Maximum borrowing capacity	$10.50

Longterm_Debt_Details_4

Long-term Debt (Details 4) (USD $)	3 Months Ended		9 Months Ended		19 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jan. 31, 2016	Sep. 30, 2013	Mar. 31, 2014	Sep. 30, 2013
							Convertible Senior Subordinated Notes2.50 Percent Due2014 [Member]	Convertible Senior Subordinated Notes2.50 Percent Due2014 [Member]
Long-term Debt	'	'	'	'	'	'	'	'
Interest expense	$12,200,000	$11,200,000	$34,600,000	$33,000,000	'	'	'	'
Non-cash interest expense	500,000	1,800,000	1,699,000	4,999,000	'	'	'	'
Weighted average interest rate (as a percent)	7.60%	'	7.60%	'	'	7.70%	'	'
Long-term debt	'	'	'	'	'	'	'	'
Interest rate on long-term debt (as a percent)	'	'	'	'	'	'	2.50%	2.50%
Amount of debt due to mature during a specified period	'	'	'	'	$0	'	'	'

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Millions, unless otherwise specified
Fair Value of Financial Instruments	'	'
Long-term debt, fair value	$643	$484
Long-term debt, carrying value	$599.50	$457.50

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income tax	'	'	'	'	'	'	'
Estimated effective income tax rate (as a percent)	22.00%	'	22.00%	18.00%	'	22.00%	18.00%
Income tax expense for discrete items in continuing operations	'	$1.30	'	$1.30	'	'	'
Unrecognized income tax benefit adjustments affecting discontinued operations	'	'	'	'	'	'	2.7
Period of cumulative accounting profit that may be realized	'	'	'	'	'3 years	'3 years	'
Net operating and capital loss carryforwards	77.3	'	77.3	'	'	'	'
Tax credit carryforwards	25.7	'	25.7	'	'	'	'
Unrecognized income tax benefits that may be released within next 12 months	$1	'	$1	'	'	'	'
Minimum [Member]	'	'	'	'	'	'	'
Income tax	'	'	'	'	'	'	'
Operating loss carryforwards expiration date	'	'	30-Sep-14	'	'	'	'
Tax credit carryforwards, expiration date	'	'	30-Sep-14	'	'	'	'
Maximum [Member]	'	'	'	'	'	'	'
Income tax	'	'	'	'	'	'	'
Operating loss carryforwards expiration date	'	'	30-Sep-33	'	'	'	'
Tax credit carryforwards, expiration date	'	'	30-Sep-33	'	'	'	'

Equity_Securities_and_StockBas1

Equity Securities and Stock-Based Compensation (Details) (USD $)	1 Months Ended	3 Months Ended			9 Months Ended		3 Months Ended
Share data in Millions, unless otherwise specified	Feb. 29, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
							Two Thousand Ten Incentive Compensation Plan [Member]
Equity Securities and Stock-Based Compensation	'	'	'	'	'	'	'
Common stock, shares issued	'	'	'	11.5	'	'	'
Gross proceeds from issuance of common stock	'	'	'	$83,400,000	'	'	'
Offering costs	'	'	'	5,400,000	'	'	'
Net proceeds from issuance of common stock	'	'	'	78,000,000	0	77,957,000	'
Amount available for future offerings of securities	210,000,000	'	'	126,600,000	'	'	'
Treasury stock and related deferred compensation obligation at fair value	'	800,000	'	'	800,000	'	'
Amount that the fair values of treasury stock and related deferred compensation obligation exceed the carrying values at cost	'	300,000	'	'	300,000	'	'
Stock-based compensation	'	600,000	400,000	'	1,576,000	1,267,000	'
Total compensation cost related to unvested awards not yet recognized	'	$2,600,000	'	'	$2,600,000	'	'
Equity Securities and Stock-based Compensation	'	'	'	'	'	'	'
Board approved share-based award grants to officers, employees, and directors (in shares)	'	'	'	'	'	'	0.5
Awards granted vesting period	'	'	'	'	'	'	'3 years
Period of average stock price hurdles that precluded vesting	'	'	'	'	'	'	'60 days

Earnings_per_Share_Details

Earnings per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Income (loss) from continuing operations	$11,124	$9,248	($517)	($4,909)
Net income attributable to non-controlling interest	-389	0	-619	0
Fair value adjustment of non-controlling interest	-158	0	-158	0
Numerator for basic and diluted earnings per share from continuing operations - income (loss) from continuing operations attributable to Headwaters Incorporated	10,577	9,248	-1,294	-4,909
Numerator for basic and diluted earnings per share from discontinued operations - income (loss) from discontinued operations, net of income taxes	-231	1,768	-106	1,793
Numerator for basic and diluted earnings per share - net income (loss) attributable to Headwaters Incorporated	$10,346	$11,016	($1,400)	($3,116)
Denominator:	'	'	'	'
Denominator for basic earnings per share - weighted-average shares outstanding	73,206	72,892	73,131	69,195
Effect of dilutive securities - shares issuable upon exercise of options and SARs and vesting of restricted stock	1,380	1,247	0	0
Denominator for diluted earnings per share - weighted-average shares outstanding after assumed exercises and vesting	74,586	74,139	73,131	69,195
Basic and diluted income (loss) per share from continuing operations (in dollars per share)	$0.14	$0.13	($0.02)	($0.07)
Basic and diluted income (loss) per share from discontinued operations (in dollars per share)	$0	$0.02	$0	$0.02
Earnings (loss) per share, basic and diluted, total (in dollars per share)	$0.14	$0.15	($0.02)	($0.05)
Stock Appreciation Rights S A R S [Member]	'	'	'	'
Statement	'	'	'	'
Anti-dilutive securities not considered in diluted EPS calculation (in shares)	691	775	3,836	2,877
Employee And Nonemployee Stock Option [Member]	'	'	'	'
Statement	'	'	'	'
Anti-dilutive securities not considered in diluted EPS calculation (in shares)	377	893	530	1,002
Restricted Stock [Member]	'	'	'	'
Statement	'	'	'	'
Anti-dilutive securities not considered in diluted EPS calculation (in shares)	0	0	253	140

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	9 Months Ended			12 Months Ended	9 Months Ended	12 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Sep. 30, 2011	Jun. 30, 2014	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2014
	Stock Appreciation Rights S A R S [Member]	Stock Appreciation Rights S A R S [Member]	Stock Appreciation Rights S A R S2011 Awards [Member]	Stock Appreciation Rights S A R S2011 Awards [Member]	Stock Appreciation Rights S A R S2012 Awards [Member]	Stock Appreciation Rights S A R S2012 Awards [Member]	Cash Performance Unit Awards2014 Grants [Member]	Minimum [Member]
								Stock Appreciation Rights S A R S2012 Awards [Member]
Commitments and Contingencies	'	'	'	'	'	'	'	'
Average stock price period	'	'	'	'	'60 days	'	'	'
Grants approved by committee to employees for cash settled stock appreciation rights (in shares)	'	'	'	0.4	'	1	'	'
Grants approved by committee to employees for cash settled stock appreciation rights that remain outstanding (in shares)	'	'	0.1	'	0.4	'	'	'
Ending period for expected liability adjustment	'	'	'September 30, 2015	'	'September 30, 2016	'	'	'
Amount accrued for awards	'	'	$1.20	'	$5	'	$2	'
Grant-date stock price (in dollars per share)	'	'	$3.81	'	$1.85	'	'	'
Percentage of stock price on grant date	'	'	'	'	'	'	'	135.00%
Threshold stock price at which SARS will vest (in dollars per share)	'	'	'	'	'	'	'	$2.50
Compensation expense	$5.10	$3.90	'	'	'	'	'	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details 2) (USD $)

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2014

Sep. 30, 2011

31-May-14

Jun. 30, 2014

31-May-14

Sep. 30, 2010

Sep. 30, 2009

Apr. 30, 2011

Feb. 29, 2012

Sep. 30, 2010

Dec. 31, 2012

Jun. 30, 2014

Sep. 30, 2008

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Legal Matters [Member]

Legal Matters [Member]

Legal Matters [Member]

Legal Matters [Member]

A E S Thames Bankruptcy [Member]

A E S Thames Bankruptcy [Member]

Boynton [Member]

Boynton [Member]

Boynton [Member]

Boynton [Member]

Fentress Families Trust [Member]

Fentress Families Trust [Member]

C P M Virginia L L C [Member]

Archstone [Member]

Archstone [Member]

Repair Cost [Member]

Lost Lease Payments [Member]

Tenant Lawsuit Against Archstone [Member]

Class Action Defense Fees [Member]

item

item

item

item

item

item

Archstone [Member]

Archstone [Member]

Archstone [Member]

Archstone [Member]

Commitments and Contingencies

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long term capital commitments on property, plant and equipment

$5,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Legal fees

'

4,500,000

1,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Potential loss for unresolved matters

'

2,500,000

'

'

'

'

'

'

'

43,000,000

'

'

'

'

'

'

'

'

'

'

Total liability accrued

'

2,500,000

'

2,500,000

15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Settlement payment

'

'

'

'

'

25,000

'

16,200,000

'

'

'

'

'

'

'

'

'

'

'

'

Verdict for damages

'

'

'

'

'

'

'

'

7,300,000

8,700,000

'

'

'

'

'

'

'

'

'

'

Number of plaintiffs

'

'

'

'

'

'

'

'

46

8

'

383

'

'

'

'

'

'

'

'

Constructive trust amount ordered by trial court

'

'

'

'

'

'

'

'

'

'

16,000,000

'

'

'

'

'

'

'

'

'

Court ordered judgment

'

'

'

'

'

'

'

'

'

'

16,000,000

'

'

'

'

'

'

'

'

'

Number of defendants

'

'

'

'

'

'

'

'

'

'

'

15

'

'

'

'

'

'

'

'

Damages for removal and remediation of fly ash and water supply

'

'

'

'

'

'

'

'

'

'

'

850,000,000

'

'

'

'

'

'

'

'

Damages for vexation

'

'

'

'

'

'

'

'

'

'

'

1,900,000,000

'

'

'

'

'

'

'

'

Damages for others

'

'

'

'

'

'

'

'

'

'

'

8,000,000

'

'

'

'

'

'

'

'

Damages for properties plus prejudgment interest, attorney fees and costs

'

'

'

'

'

'

'

'

'

'

'

55,000,000

'

'

'

'

'

'

'

'

Additional damages sought by other plaintiffs

'

'

'

'

'

'

'

'

'

'

'

307,200,000

'

'

'

'

'

'

'

'

Number of insurers who have denied coverage

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

Loss contingency damages sought value

'

'

'

'

'

'

$1,600,000

'

'

'

'

'

'

$500,000

'

'

$36,000,000

$19,000,000

$7,000,000

$7,000,000

Number of buildings

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

21

'

'

'

'

Number of claims

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4

'

'

'

'

'

Number of claims dismissed

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

Condensed_Consolidating_Financ2

Condensed Consolidating Financial Information (Details)	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Sep. 30, 2013	Sep. 30, 2011	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
		Senior Secured Notes7.625 Percent Due April2019 [Member]	Senior Secured Notes7.625 Percent Due April2019 [Member]	Senior Secured Notes7.625 Percent Due April2019 [Member]	Senior Notes7.25 Percent Due January2019 [Member]	Senior Notes7.25 Percent Due January2019 [Member]	Senior Notes7.25 Percent Due January2019 [Member]
Long-term debt	'	'	'	'	'	'	'
Interest rate on secured notes (as a percent)	'	7.63%	7.63%	7.63%	7.25%	7.25%	7.25%
Ownership percentage	100.00%	'	'	'	'	'	'
Non-guarantor subsidiaries ownership percentage	100.00%	'	'	'	'	'	'
Non-guarantor entities consolidated percentage	3.00%	'	'	'	'	'	'

Condensed_Consolidating_Financ3

Condensed Consolidating Financial Information (Details 2) (USD $)	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified
Current assets:	'	'	'	'
Cash and cash equivalents	$114,464	$75,316	$40,490	$53,782
Trade receivables, net	114,998	109,868	'	'
Inventories	56,053	37,383	'	'
Current and deferred income taxes	12,427	14,036	'	'
Other	12,402	7,280	'	'
Total current assets	310,344	243,883	'	'
Property, plant and equipment, net	176,281	159,619	'	'
Other assets:	'	'	'	'
Goodwill	186,040	137,198	'	'
Intangible assets, net	152,679	139,797	'	'
Other	42,896	43,512	'	'
Total other assets	381,615	320,507	'	'
Total assets	868,240	724,009	724,009	'
Current liabilities:	'	'	'	'
Accounts payable	24,857	21,810	'	'
Accrued personnel costs	42,049	47,746	'	'
Accrued interest	15,515	16,077	'	'
Current and deferred income taxes	'	120	'	'
Other accrued liabilities	42,067	55,268	'	'
Current portion of long-term debt	0	7,553	'	'
Total current liabilities	124,488	148,574	'	'
Long-term liabilities:	'	'	'	'
Long-term debt	599,539	449,420	'	'
Income taxes	20,980	24,637	'	'
Other	24,337	16,968	'	'
Total long-term liabilities	644,856	491,025	'	'
Total liabilities	769,344	639,599	'	'
Non-controlling interest in consolidated subsidiary	13,698	0	'	'
Stockholders' equity:	'	'	'	'
Common stock	73	73	'	'
Capital in excess of par value	722,872	720,828	'	'
Retained earnings (accumulated deficit)	-637,214	-635,972	'	'
Treasury stock	-533	-519	'	'
Total stockholders' equity	85,198	84,410	'	'
Total liabilities and stockholders' equity	868,240	724,009	'	'
Consolidation Eliminations [Member]	'	'	'	'
Current assets:	'	'	'	'
Current and deferred income taxes	-30,155	-29,687	'	'
Total current assets	-30,155	-29,687	'	'
Other assets:	'	'	'	'
Investments in subsidiaries	-386,127	-282,979	'	'
Intercompany accounts and notes	-913,068	-997,528	'	'
Deferred income taxes	-74,385	-75,407	'	'
Total other assets	-1,373,580	-1,355,914	'	'
Total assets	-1,403,735	-1,385,601	'	'
Current liabilities:	'	'	'	'
Current and deferred income taxes	-30,155	-29,687	'	'
Total current liabilities	-30,155	-29,687	'	'
Long-term liabilities:	'	'	'	'
Income taxes	-74,385	-75,407	'	'
Intercompany accounts and notes	-913,068	-997,528	'	'
Total long-term liabilities	-987,453	-1,072,935	'	'
Total liabilities	-1,017,608	-1,102,622	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	-522,975	-458,498	'	'
Retained earnings (accumulated deficit)	136,848	175,519	'	'
Total stockholders' equity	-386,127	-282,979	'	'
Total liabilities and stockholders' equity	-1,403,735	-1,385,601	'	'
Guarantor Subsidiaries [Member]	'	'	'	'
Current assets:	'	'	'	'
Cash and cash equivalents	102,997	70,747	'	'
Trade receivables, net	109,896	109,868	'	'
Inventories	53,204	37,383	'	'
Current and deferred income taxes	24,601	25,828	'	'
Other	10,070	6,548	'	'
Total current assets	300,768	250,374	'	'
Property, plant and equipment, net	158,514	155,499	'	'
Other assets:	'	'	'	'
Goodwill	150,547	137,198	'	'
Intangible assets, net	128,152	139,797	'	'
Intercompany accounts and notes	276,022	360,482	'	'
Deferred income taxes	54,404	53,228	'	'
Other	15,235	22,300	'	'
Total other assets	624,360	713,005	'	'
Total assets	1,083,642	1,118,878	'	'
Current liabilities:	'	'	'	'
Accounts payable	23,818	21,051	'	'
Accrued personnel costs	9,391	14,622	'	'
Current and deferred income taxes	29,505	20,073	'	'
Other accrued liabilities	35,895	52,898	'	'
Total current liabilities	98,609	108,644	'	'
Long-term liabilities:	'	'	'	'
Income taxes	80,276	80,877	'	'
Intercompany accounts and notes	571,136	637,046	'	'
Other	13,033	9,332	'	'
Total long-term liabilities	664,445	727,255	'	'
Total liabilities	763,054	835,899	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	458,499	458,498	'	'
Retained earnings (accumulated deficit)	-137,911	-175,519	'	'
Total stockholders' equity	320,588	282,979	'	'
Total liabilities and stockholders' equity	1,083,642	1,118,878	'	'
Non Guarantor Subsidiaries [Member]	'	'	'	'
Current assets:	'	'	'	'
Cash and cash equivalents	5,177	'	'	'
Trade receivables, net	5,102	'	'	'
Inventories	2,849	'	'	'
Other	237	'	'	'
Total current assets	13,365	'	'	'
Property, plant and equipment, net	11,457	'	'	'
Other assets:	'	'	'	'
Goodwill	35,493	'	'	'
Intangible assets, net	24,527	'	'	'
Other	1,200	'	'	'
Total other assets	61,220	'	'	'
Total assets	86,042	'	'	'
Current liabilities:	'	'	'	'
Accounts payable	795	'	'	'
Accrued personnel costs	326	'	'	'
Current and deferred income taxes	650	'	'	'
Other accrued liabilities	3,665	'	'	'
Total current liabilities	5,436	'	'	'
Long-term liabilities:	'	'	'	'
Intercompany accounts and notes	1,433	'	'	'
Other	94	'	'	'
Total long-term liabilities	1,527	'	'	'
Total liabilities	6,963	'	'	'
Non-controlling interest in consolidated subsidiary	13,698	'	'	'
Stockholders' equity:	'	'	'	'
Capital in excess of par value	64,318	'	'	'
Retained earnings (accumulated deficit)	1,063	'	'	'
Total stockholders' equity	65,381	'	'	'
Total liabilities and stockholders' equity	86,042	'	'	'
Parent Company [Member]	'	'	'	'
Current assets:	'	'	'	'
Cash and cash equivalents	6,290	4,569	'	'
Current and deferred income taxes	17,981	17,895	'	'
Other	2,095	732	'	'
Total current assets	26,366	23,196	'	'
Property, plant and equipment, net	6,310	4,120	'	'
Other assets:	'	'	'	'
Investments in subsidiaries	386,127	282,979	'	'
Intercompany accounts and notes	637,046	637,046	'	'
Deferred income taxes	19,981	22,179	'	'
Other	26,461	21,212	'	'
Total other assets	1,069,615	963,416	'	'
Total assets	1,102,291	990,732	'	'
Current liabilities:	'	'	'	'
Accounts payable	244	759	'	'
Accrued personnel costs	32,332	33,124	'	'
Accrued interest	15,515	16,077	'	'
Current and deferred income taxes	'	9,734	'	'
Other accrued liabilities	2,507	2,370	'	'
Current portion of long-term debt	'	7,553	'	'
Total current liabilities	50,598	69,617	'	'
Long-term liabilities:	'	'	'	'
Long-term debt	599,539	449,420	'	'
Income taxes	15,089	19,167	'	'
Intercompany accounts and notes	340,499	360,482	'	'
Other	11,210	7,636	'	'
Total long-term liabilities	966,337	836,705	'	'
Total liabilities	1,016,935	906,322	'	'
Stockholders' equity:	'	'	'	'
Common stock	73	73	'	'
Capital in excess of par value	723,030	720,828	'	'
Retained earnings (accumulated deficit)	-637,214	-635,972	'	'
Treasury stock	-533	-519	'	'
Total stockholders' equity	85,356	84,410	'	'
Total liabilities and stockholders' equity	$1,102,291	$990,732	'	'

Condensed_Consolidating_Financ4

Condensed Consolidating Financial Information (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue:	'	'	'	'
Light building products	$140,572	$118,035	$327,723	$279,501
Heavy construction materials	80,636	75,114	211,250	197,286
Energy technology	2,191	3,881	6,553	10,804
Total revenue	223,399	197,030	545,526	487,591
Cost of revenue:	'	'	'	'
Light building products	97,673	82,096	237,839	202,723
Heavy construction materials	57,070	54,642	157,504	151,622
Energy technology	984	1,787	3,067	5,085
Total cost of revenue	155,727	138,525	398,410	359,430
Gross profit	67,672	58,505	147,116	128,161
Operating expenses:	'	'	'	'
Amortization	5,477	5,319	16,068	15,543
Selling, general and administrative	36,504	30,001	97,248	84,517
Total operating expenses	41,981	35,320	113,316	100,060
Operating income (loss)	25,691	23,185	33,800	28,101
Other income (expense):	'	'	'	'
Net interest expense	-12,121	-11,111	-34,411	-32,722
Equity in earnings of subsidiaries	'	'	0	0
Other, net	-36	24	-56	262
Total other income (expense), net	-12,157	-11,087	-34,467	-32,460
Income (loss) from continuing operations before income taxes	13,534	12,098	-667	-4,359
Income tax benefit (provision)	-2,410	-2,850	150	-550
Loss from continuing operations	11,124	9,248	-517	-4,909
Income (loss) from discontinued operations, net of income taxes	-231	1,768	-106	1,793
Net income (loss)	10,893	11,016	-623	-3,116
Net income attributable to non-controlling interest	-389	0	-619	0
Net income (loss) attributable to Headwaters Incorporated	10,504	11,016	-1,242	-3,116
Consolidation Eliminations [Member]	'	'	'	'
Other income (expense):	'	'	'	'
Equity in earnings of subsidiaries	-23,446	-22,624	-38,671	-35,336
Total other income (expense), net	-23,446	-22,624	-38,671	-35,336
Income (loss) from continuing operations before income taxes	-23,446	-22,624	-38,671	-35,336
Loss from continuing operations	-23,446	-22,624	-38,671	-35,336
Net income (loss)	-23,446	-22,624	-38,671	-35,336
Net income (loss) attributable to Headwaters Incorporated	-23,446	'	-38,671	'
Guarantor Subsidiaries [Member]	'	'	'	'
Revenue:	'	'	'	'
Light building products	129,085	118,035	305,530	279,501
Heavy construction materials	80,636	75,114	211,250	197,286
Energy technology	2,191	3,881	6,553	10,804
Total revenue	211,912	197,030	523,333	487,591
Cost of revenue:	'	'	'	'
Light building products	89,948	82,096	222,275	202,723
Heavy construction materials	57,070	54,642	157,504	151,622
Energy technology	984	1,787	3,067	5,085
Total cost of revenue	148,002	138,525	382,846	359,430
Gross profit	63,910	58,505	140,487	128,161
Operating expenses:	'	'	'	'
Amortization	5,165	5,319	15,394	15,543
Selling, general and administrative	28,837	25,193	77,248	70,013
Total operating expenses	34,002	30,512	92,642	85,556
Operating income (loss)	29,908	27,993	47,845	42,605
Other income (expense):	'	'	'	'
Net interest expense	-125	9	-292	-49
Other, net	25	24	99	227
Total other income (expense), net	-100	33	-193	178
Income (loss) from continuing operations before income taxes	29,808	28,026	47,652	42,783
Income tax benefit (provision)	-7,250	-7,170	-10,600	-9,240
Loss from continuing operations	22,558	20,856	37,052	33,543
Income (loss) from discontinued operations, net of income taxes	-231	1,768	-106	1,793
Net income (loss)	22,327	22,624	36,946	35,336
Net income (loss) attributable to Headwaters Incorporated	22,327	'	36,946	'
Non Guarantor Subsidiaries [Member]	'	'	'	'
Revenue:	'	'	'	'
Light building products	11,487	'	22,193	'
Total revenue	11,487	'	22,193	'
Cost of revenue:	'	'	'	'
Light building products	7,725	'	15,564	'
Total cost of revenue	7,725	'	15,564	'
Gross profit	3,762	'	6,629	'
Operating expenses:	'	'	'	'
Amortization	312	'	674	'
Selling, general and administrative	1,409	'	2,804	'
Total operating expenses	1,721	'	3,478	'
Operating income (loss)	2,041	'	3,151	'
Other income (expense):	'	'	'	'
Net interest expense	-2	'	-2	'
Other, net	-61	'	-155	'
Total other income (expense), net	-63	'	-157	'
Income (loss) from continuing operations before income taxes	1,978	'	2,994	'
Income tax benefit (provision)	-470	'	-650	'
Loss from continuing operations	1,508	'	2,344	'
Net income (loss)	1,508	'	2,344	'
Net income attributable to non-controlling interest	-389	'	-619	'
Net income (loss) attributable to Headwaters Incorporated	1,119	'	1,725	'
Parent Company [Member]	'	'	'	'
Operating expenses:	'	'	'	'
Selling, general and administrative	6,258	4,808	17,196	14,504
Total operating expenses	6,258	4,808	17,196	14,504
Operating income (loss)	-6,258	-4,808	-17,196	-14,504
Other income (expense):	'	'	'	'
Net interest expense	-11,994	-11,120	-34,117	-32,673
Equity in earnings of subsidiaries	23,446	22,624	38,671	35,336
Other, net	'	'	'	35
Total other income (expense), net	11,452	11,504	4,554	2,698
Income (loss) from continuing operations before income taxes	5,194	6,696	-12,642	-11,806
Income tax benefit (provision)	5,310	4,320	11,400	8,690
Loss from continuing operations	10,504	11,016	-1,242	-3,116
Net income (loss)	10,504	11,016	-1,242	-3,116
Net income (loss) attributable to Headwaters Incorporated	$10,504	'	($1,242)	'

Condensed_Consolidating_Financ5

Condensed Consolidating Financial Information (Details 4) (USD $)	3 Months Ended			9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'	'	'	'
Net income (loss)	$10,893	$11,016	'	($623)	($3,116)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'	'	'
Depreciation and amortization	'	'	'	40,714	39,432
Interest expense related to amortization of debt issue costs and debt discount	500	1,800	'	1,699	4,999
Stock-based compensation	600	400	'	1,576	1,267
Deferred income taxes	'	'	'	429	223
Net loss (gain) on disposition of property, plant and equipment	'	'	'	-84	-726
Gain on sale of discontinued operations, net of income taxes	'	'	'	-3,032	-2,158
Asset impairments	'	'	'	1,466	0
Gain on convertible debt repayments	'	'	'	0	-35
Net loss of unconsolidated joint ventures	'	'	'	286	0
Equity in earnings of subsidiaries	'	'	'	0	0
Decrease in trade receivables	'	'	'	3,531	1,066
Increase in inventories	'	'	'	-8,639	-2,931
Decrease in accounts payable and accrued liabilities	'	'	'	-27,216	-25,748
Other changes in operating assets and liabilities, net	'	'	'	-4,910	-4,403
Net cash provided by (used in) operating activities	'	'	'	5,197	7,870
Cash flows from investing activities:	'	'	'	'	'
Payments for acquisitions	'	'	'	-88,579	-43,250
Payments for investments in unconsolidated joint ventures	'	'	'	-1,450	0
Purchase of property, plant and equipment	-9,423	-7,139	'	-25,367	-21,546
Proceeds from disposition of property, plant and equipment	'	'	'	864	855
Proceeds from sale of discontinued operations	'	'	'	4,666	4,813
Net decrease (increase) in long-term receivables and deposits	'	'	'	7,673	-694
Net change in other assets	'	'	'	-2,876	-430
Net cash used in investing activities	'	'	'	-105,069	-60,252
Cash flows from financing activities:	'	'	'	'	'
Net proceeds from issuance of common stock	'	'	78,000	0	77,957
Net proceeds from issuance of long-term debt	'	'	'	146,200	0
Payments on long-term debt	'	'	'	-7,792	-39,476
Employee stock purchases	'	'	'	612	609
Net cash provided by financing activities	'	'	'	139,020	39,090
Net increase (decrease) in cash and cash equivalents	'	'	'	39,148	-13,292
Cash and cash equivalents, beginning of period	'	'	53,782	75,316	53,782
Cash and cash equivalents, end of period	114,464	40,490	'	114,464	40,490
Consolidation Eliminations [Member]	'	'	'	'	'
Cash flows from operating activities:	'	'	'	'	'
Net income (loss)	-23,446	-22,624	'	-38,671	-35,336
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'	'	'
Equity in earnings of subsidiaries	23,446	22,624	'	38,671	35,336
Guarantor Subsidiaries [Member]	'	'	'	'	'
Cash flows from operating activities:	'	'	'	'	'
Net income (loss)	22,327	22,624	'	36,946	35,336
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'	'	'
Depreciation and amortization	'	'	'	39,130	39,222
Stock-based compensation	'	'	'	618	588
Deferred income taxes	'	'	'	429	223
Net loss (gain) on disposition of property, plant and equipment	'	'	'	-135	-726
Gain on sale of discontinued operations, net of income taxes	'	'	'	-3,032	-2,158
Asset impairments	'	'	'	1,466	'
Decrease in trade receivables	'	'	'	2,609	1,066
Increase in inventories	'	'	'	-9,521	-2,931
Decrease in accounts payable and accrued liabilities	'	'	'	-26,725	-14,642
Other changes in operating assets and liabilities, net	'	'	'	5,258	-9,694
Net cash provided by (used in) operating activities	'	'	'	47,043	46,284
Cash flows from investing activities:	'	'	'	'	'
Payments for acquisitions	'	'	'	-3,100	-43,250
Purchase of property, plant and equipment	'	'	'	-22,163	-19,942
Proceeds from disposition of property, plant and equipment	'	'	'	864	855
Proceeds from sale of discontinued operations	'	'	'	4,666	4,813
Net decrease (increase) in long-term receivables and deposits	'	'	'	7,373	-1,413
Net change in other assets	'	'	'	-2,864	-385
Net cash used in investing activities	'	'	'	-15,224	-59,322
Cash flows from financing activities:	'	'	'	'	'
Employee stock purchases	'	'	'	465	438
Net cash provided by financing activities	'	'	'	465	438
Net increase (decrease) in cash and cash equivalents	'	'	'	32,284	-12,600
Cash and cash equivalents, beginning of period	'	'	44,111	70,713	44,111
Cash and cash equivalents, end of period	102,997	31,511	'	102,997	31,511
Non Guarantor Subsidiaries [Member]	'	'	'	'	'
Cash flows from operating activities:	'	'	'	'	'
Net income (loss)	1,508	'	'	2,344	'
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'	'	'
Depreciation and amortization	'	'	'	1,388	'
Net loss (gain) on disposition of property, plant and equipment	'	'	'	5	'
Net loss of unconsolidated joint ventures	'	'	'	286	'
Decrease in trade receivables	'	'	'	922	'
Increase in inventories	'	'	'	882	'
Decrease in accounts payable and accrued liabilities	'	'	'	1,240	'
Other changes in operating assets and liabilities, net	'	'	'	529	'
Net cash provided by (used in) operating activities	'	'	'	7,596	'
Cash flows from investing activities:	'	'	'	'	'
Payments for investments in unconsolidated joint ventures	'	'	'	-1,450	'
Purchase of property, plant and equipment	'	'	'	-685	'
Net change in other assets	'	'	'	-318	'
Net cash used in investing activities	'	'	'	-2,453	'
Cash flows from financing activities:	'	'	'	'	'
Net increase (decrease) in cash and cash equivalents	'	'	'	5,143	'
Cash and cash equivalents, beginning of period	'	'	'	34	'
Cash and cash equivalents, end of period	5,177	'	'	5,177	'
Parent Company [Member]	'	'	'	'	'
Cash flows from operating activities:	'	'	'	'	'
Net income (loss)	10,504	11,016	'	-1,242	-3,116
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'	'	'	'
Depreciation and amortization	'	'	'	196	210
Interest expense related to amortization of debt issue costs and debt discount	'	'	'	1,699	4,999
Stock-based compensation	'	'	'	958	679
Net loss (gain) on disposition of property, plant and equipment	'	'	'	46	'
Gain on convertible debt repayments	'	'	'	'	-35
Equity in earnings of subsidiaries	-23,446	-22,624	'	-38,671	-35,336
Decrease in accounts payable and accrued liabilities	'	'	'	-1,731	-11,106
Other changes in operating assets and liabilities, net	'	'	'	-10,697	5,291
Net cash provided by (used in) operating activities	'	'	'	-49,442	-38,414
Cash flows from investing activities:	'	'	'	'	'
Payments for acquisitions	'	'	'	-85,479	'
Purchase of property, plant and equipment	'	'	'	-2,519	-1,604
Net decrease (increase) in long-term receivables and deposits	'	'	'	300	719
Net change in other assets	'	'	'	306	-45
Net cash used in investing activities	'	'	'	-87,392	-930
Cash flows from financing activities:	'	'	'	'	'
Net proceeds from issuance of common stock	'	'	'	'	77,957
Net proceeds from issuance of long-term debt	'	'	'	146,200	'
Payments on long-term debt	'	'	'	-7,792	-39,476
Employee stock purchases	'	'	'	147	171
Net cash provided by financing activities	'	'	'	138,555	38,652
Net increase (decrease) in cash and cash equivalents	'	'	'	1,721	-692
Cash and cash equivalents, beginning of period	'	'	9,671	4,569	9,671
Cash and cash equivalents, end of period	$6,290	$8,979	'	$6,290	$8,979