Beacon Roofing Supply (BECN) 10-Q 5 May 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 31, 2017	May 01, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	BEACON ROOFING SUPPLY INC
Entity Central Index Key	1,124,941
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Trading Symbol	BECN
Entity Common Stock, Shares Outstanding		60,283,487

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 10,012	$ 31,386	$ 14,841
Accounts receivable, less allowance of $17,140, $14,812 and $9,396 as of March 31, 2017, September 30, 2016 and March 31, 2016, respectively	506,386	626,965	490,850
Inventories, net	580,889	480,736	513,750
Prepaid expenses and other current assets	217,389	163,103	164,625
Total current assets	1,314,676	1,302,190	1,184,066
Property and equipment, net	156,380	148,569	147,994
Goodwill	1,228,059	1,197,565	1,160,775
Intangibles, net	439,507	464,024	472,582
Other assets, net	1,511	1,511	1,430
Total Assets	3,140,133	3,113,859	2,966,847
Current liabilities:
Accounts payable	486,328	360,915	417,994
Accrued expenses	131,264	161,113	152,692
Current portions of long-term debt	14,014	14,811	12,159
Total current liabilities	631,606	536,839	582,845
Borrowings under revolving lines of credit, net	269,124	359,661	295,690
Long-term debt, net	722,101	722,929	722,542
Deferred income taxes, net	137,495	135,482	102,878
Long-term obligations under equipment financing and other, net	30,639	35,121	42,907
Total liabilities	1,790,965	1,790,032	1,746,862
Commitments and contingencies
Stockholders' equity:
Common stock (voting); $.01 par value; 100,000,000 shares authorized; 60,255,320 issued and outstanding as of March 31, 2017; 59,890,885 issued and outstanding as of September 30, 2016; 59,521,648 issued and outstanding at March 31, 2016	602	598	595
Undesignated preferred stock; 5,000,000 shares authorized, none issued or outstanding	0	0	0
Additional paid-in capital	709,278	694,564	678,748
Retained earnings	658,396	647,322	558,804
Accumulated other comprehensive loss	(19,108)	(18,657)	(18,162)
Total stockholders' equity	1,349,168	1,323,827	1,219,985
Total Liabilities and Stockholders' Equity	$ 3,140,133	$ 3,113,859	$ 2,966,847

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Accounts receivable, allowances	$ 17,140	$ 14,812	$ 9,396
Common stock (voting), par value	$ 0.01	$ 0.01	$ 0.01
Common stock (voting), shares authorized	100,000,000	100,000,000	100,000,000
Common stock (voting), issued	60,255,320	59,890,885	59,521,648
Common Stock (voting), outstanding	60,255,320	59,890,885	59,521,648
Undesignated Preferred Stock, shares authorized	5,000,000	5,000,000	5,000,000
Undesignated Preferred Stock, issued	0	0	0
Undesignated Preferred Stock, outstanding	0	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Net sales	$ 870,724	$ 823,537	$ 1,872,908	$ 1,800,017
Cost of products sold	666,247	627,773	1,417,364	1,371,065
Gross profit	204,477	195,764	455,544	428,952
Operating expense	207,533	191,881	411,643	398,225
Income (loss) from operations	(3,056)	3,883	43,901	30,727
Interest expense, financing costs, and other	12,268	13,026	25,842	29,282
Income (loss) before provision for income taxes	(15,324)	(9,143)	18,059	1,445
Provision for (benefit from) income taxes	(5,968)	(3,424)	6,985	46
Net income (loss)	$ (9,356)	$ (5,719)	$ 11,074	$ 1,399
Weighted-average common stock outstanding:
Basic	60,141,580	59,295,990	60,041,332	59,133,569
Diluted	60,141,580	59,295,990	61,069,938	60,077,852
Net income (loss) per share:
Basic	$ (0.16)	$ (0.10)	$ 0.18	$ 0.02
Diluted	$ (0.16)	$ (0.10)	$ 0.18	$ 0.02

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Net income (loss)	$ (9,356)	$ (5,719)	$ 11,074	$ 1,399
Other comprehensive income (loss):
Foreign currency translation adjustment	813	4,226	(839)	1,757
Total other comprehensive income (loss)	813	4,226	(839)	1,757
Comprehensive income (loss)	$ (8,543)	$ (1,493)	$ 10,235	$ 3,156

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net income	$ 11,074	$ 1,399
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	56,955	47,644
Stock-based compensation	7,574	10,696
Certain interest expense and other financing costs	2,703	4,053
Gain on sale of fixed assets	(420)	(411)
Deferred income taxes	2,020	1,741
Other, net	131	(280)
Changes in operating assets and liabilities, net of the effects of businesses acquired:
Accounts receivable	123,590	95,150
Inventories	(92,072)	(2,519)
Prepaid expenses and other assets	(53,062)	(15,815)
Accounts payable and accrued expenses	91,950	(61,006)
Net cash provided by operating activities	150,443	80,652
Investing Activities
Purchases of property and equipment	(24,231)	(11,059)
Acquisition of businesses, net	(58,359)	(941,156)
Proceeds from the sale of assets	1,285	377
Net cash used in investing activities	(81,305)	(951,838)
Financing Activities
Borrowings under revolving lines of credit	857,099	1,017,128
Repayments under revolving lines of credit	(948,470)	(724,855)
Borrowings under term loan	0	450,000
Repayments under term loan	(1,125)	(187,875)
Borrowings under Senior Notes	0	300,000
Borrowings under equipment financing facilities and other	1,579	0
Repayments under equipment financing facilities and other	(6,857)	(2,633)
Payment of deferred financing costs	0	(27,813)
Proceeds from issuance of common stock	7,840	15,391
Taxes paid related to net share settlement of equity awards	(697)	0
Excess tax benefit from stock-based compensation	0	1,630
Net cash provided by (used in) financing activities	(90,631)	840,973
Effect of exchange rate changes on cash and cash equivalents	119	(607)
Net decrease in cash and cash equivalents	(21,374)	(30,820)
Cash and cash equivalents, beginning of period	31,386	45,661
Cash and cash equivalents, end of period	10,012	14,841
Cash paid during the period for:
Interest	29,592	22,210
Income taxes, net of tax refunds	$ 36,151	$ 13,728

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	6 Months Ended
	Mar. 31, 2016USD ($)
Non Cash Or Part Non Cash Acquisition Non Cash Financial Or Equity Instrument Consideration Shares Issued Value	$ 302
Non Cash Or Part Non Cash Acquisition Non Cash Financial Or Equity Instrument Consideration Replacement Awards Value	$ 5

Company Overview

Company Overview	6 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Company Overview Beacon Roofing Supply, Inc. (the “Company”) was incorporated in the state of Delaware on August 22, 1997 and is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products in the United States and Canada. The Company operates its business under regional and local trade names and as of March 31, 2017 the Company serviced customers in 47 states within the United States and 6 provinces in Canada. The Company’s current material subsidiaries are Beacon Sales Acquisition, Inc., Beacon Canada, Inc. and Beacon Roofing Supply Canada Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Beacon Roofing Supply, Inc. (the “Company”) prepared the condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the requirements of the Securities and Exchange Commission (“SEC”). As permitted under those rules, certain footnotes or other financial information have been condensed or omitted. The balance sheet as of March 31, 2016 has been presented for a better understanding of the impact of seasonal fluctuations on the Company's financial condition. In management's opinion, the financial statements include all normal and recurring adjustments that are considered necessary for the fair presentation of the Company's financial position and operating results. The results for the three and six-month periods ended March 31, 2 0 The three-month periods ended March 31, 2017 and 2016 each had 64 business days and the six-month periods ended March 31, 2017 and March 31, 2016 had 125 and 126 business days, respectively. These interim Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in the Company’s fiscal year 2016 (“2016”) Annual Report on Form 10-K for the year ended September 30, 2016. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Significant items subject to such estimates include inventories, purchase price allocations, recoverability of goodwill and intangibles, and income taxes. Actual amounts could differ from those estimates. In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “ Simplifying the Presentation of Debt Issuance Costs 22.9 25.2 28.7 In September 2015, the FASB issued ASU 2015-16, “ Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU 2015-17, " Balance Sheet Classification of Deferred Taxes 31.9 Recent Accounting Pronouncements - Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers In August 2014, the FASB issued ASU No. 2014-15, “ Presentation of Financial Statements—Going Concern: Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In July 2015, the FASB issued ASU 2015-11, “ Inventory: Simplifying the Measurement of Inventory. In February 2016, the FASB issued ASU 2016-02, “ Leases In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting.” In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.” In January 2017, the FASB issued ASU 2017-01, “ Business Combinations: Clarifying the Definition of a Business” In January 2017, the FASB issued ASU 2017-04, “ Simplifying the Accounting for Goodwill Impairment.”

Acquisitions

Acquisitions	6 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Acquisitions	3. Acquisitions Roofing Supply Group On October 1, 2015, the Company acquired 100 85 25 Total consideration paid for RSG was approximately $ 1.17 288.2 306.8 574.4 In connection with the RSG acquisition, the Company was required to issue equity awards to certain RSG employees in replacement of RSG equity awards that were cancelled at closing. The replacement awards consisted of options to purchase 661,349 The RSG acquisition has been accounted for as a business combination in accordance with the requirements of ASC 805 Business Combinations Cash $ 16,451 Accounts receivable 177,251 Inventory 179,651 Other current assets 50,000 Property, plant, and equipment 55,159 Other intangible assets 382,600 Goodwill 617,477 Current liabilities (252,190) Non-current liabilities (56,949) Total purchase price $ 1,169,450 RSG’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, of which $ 86.1 177.3 185.9 Additional Acquisitions – Fiscal Year 2017 During the six months ended March 31, 2017, the Company acquired 12 ⋅ On December 16, 2016, the Company purchased certain assets of BJ Supply Company, a distributor of roofing and related building products with 1 4 ⋅ On January 3, 2017, the Company acquired American Building & Roofing, Inc., a distributor of mainly residential roofing and related building products with 7 36 ⋅ On January 9, 2017, the Company acquired Eco Insulation Supply, a distributor of insulation and related accessories with 1 8 ⋅ On March 1, 2017, the Company acquired Acme Building Materials, Inc., a distributor of residential roofing and related building products with 3 13 The Company recorded the acquired assets and liabilities related to these transactions at their estimated fair values as of the respective acquisition dates, with resulting goodwill of $ 31.0 15.9 Additional Acquisitions – Fiscal Year 2016 During fiscal year 2016, the Company acquired 42 ⋅ On December 1, 2015, the Company purchased certain assets of RCI Roofing Supply, a distributor of residential and commercial roofing and related products with 5 23 ⋅ On December 18, 2015, the Company acquired 100 20 13 70 ⋅ On December 29, 2015, the Company purchased certain assets of Statewide Wholesale, a distributor of residential and commercial roofing and related products with 1 15 ⋅ On April 1, 2016, the Company purchased certain assets of Atlantic Building Products, a distributor of decking, windows, siding, and related products with 2 5 ⋅ On April 1, 2016, the Company purchased certain assets of Lyf-Tym Building Products, a distributor of siding, windows, gutters, vinyl railings, and related products with 6 20 ⋅ On May 2, 2016, the Company purchased certain assets of Fox Brothers Company, a distributor of roofing, siding, windows, doors, and related products with 4 35 ⋅ On June 1, 2016, the Company acquired 100 4 30 The Company recorded the acquired assets and liabilities related to these transactions at their estimated fair values as of the respective acquisition dates, with resulting goodwill of $ 84.8 59.8 60.8 Acquisitions – Additional Information For those acquisitions where the acquisition accounting entries have yet to be finalized, the Company’s allocation of the purchase price is subject to change on receipt of additional information, including, but not limited to, the finalization of asset valuations (intangible and fixed) and income tax accounting.

Net Income (Loss) per Share

Net Income (Loss) per Share	6 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Net Income (Loss) per Share	4. Net Income (Loss) per Share Basic net income per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted-average number of common shares and dilutive common share equivalents then outstanding using the treasury stock method. Common share equivalents consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock awards. Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 Weighted-average common shares outstanding, basic 60,141,580 59,295,990 60,041,332 59,133,569 Effect of dilutive securities: Stock options - - 633,007 696,112 Restricted stock units - - 395,599 248,171 Weighted-average common shares outstanding, diluted 60,141,580 59,295,990 61,069,938 60,077,852 The following table includes the number of shares that may be dilutive common shares in the future. Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 Stock options 270,428 665,281 416,085 667,251 Restricted stock units - 88,407 123,780 88,407

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Stockholders’ Equity	5. Stockholders’ Equity Accumulated Additional Other Total Common Stock Paid-in Retained Comprehensive Stockholders' Shares Amount Capital Earnings Loss Equity Balance at September 30, 2016 59,890,885 $ 598 $ 694,564 $ 647,322 $ (18,657) $ 1,323,827 Issuance of common stock, net of shares withheld for taxes 364,435 4 7,140 - - 7,144 Stock-based compensation - - 7,574 - - 7,574 Other comprehensive income (loss) - - - - (451) (451) Net income - - - 11,074 - 11,074 Balance at March 31, 2017 60,255,320 $ 602 $ 709,278 $ 658,396 $ (19,108) $ 1,349,168 Common and Preferred Stock The Company is authorized to issue 100 5 60,255,320 59,890,885 59,521,648 Accumulated Other Comprehensive Loss Other comprehensive income (loss) is comprised of certain gains and losses that are excluded from net income under GAAP and instead recorded as a separate element of stockholders’ equity. The Company’s other comprehensive income (loss) consists of foreign currency translation adjustments as well as unrealized gains or losses on the Company’s derivative contracts. Accumulated Foreign Derivative Other Currency Financial Comprehensive Translation Instruments Loss Balance as of September 30, 2016 $ (18,269) $ (388) $ (18,657) Other comprehensive loss before reclassifications (839) - (839) Reclassifications out of other comprehensive loss - 388 388 Balance as of March 31, 2017 $ (19,108) $ - $ (19,108)

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Stock-based compensation	6. Stock-based Compensation On February 9, 2016, the shareholders of the Company approved the Amended and Restated Beacon Roofing Supply, Inc. 2014 Stock Plan (the “2014 Plan”). The 2014 Plan provides for discretionary awards of stock options, stock awards, restricted stock units, and stock appreciation rights (“SARs”) for up to 5,000,000 4,051,683 Prior to the 2014 Plan, the Company maintained the amended and restated Beacon Roofing Supply, Inc. 2004 Stock Plan (the “2004 Plan”). Upon shareholder approval of the 2014 Plan, the Company ceased issuing equity awards from the 2004 Plan and mandated that all future equity awards will be issued from the 2014 Plan. For all equity awards granted prior to October 1, 2014, in the event of a change in control of the Company, all awards are immediately vested. Beginning in fiscal 2015, equity awards contain a “double trigger” change in control mechanism. Unless an award is continued or assumed by a public company in an equitable manner, an award shall become fully vested immediately prior to a change in control (at 100 Stock Options Non-qualified stock options generally expire 10 Risk-free interest rate 1.97 % Expected volatility 28.83 % Expected life (in years) 5.30 Dividend yield — Weighted-Average Weighted- Remaining Aggregate Options Average Contractual Term Intrinsic Outstanding Exercise Price (Years) Value 1 Balance as of September 30, 2016 2,312,789 $ 25.55 6.3 $ 38,225 Granted 245,818 47.40 Exercised (316,827) 21.20 Canceled (22,271) 24.19 Balance as of March 31, 2017 2,219,509 $ 28.60 6.5 $ 45,630 Vested and expected to vest after March 31, 2017 2,167,911 $ 28.51 6.5 $ 44,759 Exercisable as of March 31, 2017 1,487,885 $ 25.40 5.4 $ 35,350 1 Aggregate intrinsic value as represents the difference between the closing fair value of the underlying common stock and the exercise price of outstanding, in-the-money options on the date of measurement During the three months ended March 31, 2017 and 2016, the Company recorded stock-based compensation expense related to stock options of $ 1.3 1.6 2.6 7.7 7.0 2.1 Six Months Ended March 31, 2017 2016 Weighted-average fair value of stock options granted $ 14.21 $ 12.89 Total fair value of stock options vested 4,998 11,020 Total intrinsic value of stock options exercised 7,906 14,415 Restricted Stock Units Restricted stock unit (“RSU”) awards granted to employees are subject to continued employment and generally vest after three years. The Company also grants certain RSU awards to management that contain an additional vesting condition tied directly to a defined performance metric for the Company. The actual number of RSUs that will vest can range from 0 150 RSUs granted to non-employee directors are subject to continued service and vest after one year (except under certain conditions). Generally, the common shares underlying the RSUs are not eligible for distribution until the director’s service on the Board has terminated. For non-employee director RSU grants made prior to fiscal year 2014, the share distribution date is six months after the director’s termination of service on the board. RSU grants made in fiscal year 2014 and thereafter have no such holding period requirement. Additionally, beginning in fiscal year 2016 non-employee directors holding common stock and outstanding vested unexercised/unsettled equity awards with a fair value that is greater than or equal to five times the annual cash retainer may elect to have future grants settle simultaneously with vesting. RSUs Weighted-Average Outstanding Grant Date Fair Value Balance at September 30, 2016 705,434 $ 34.55 Granted 267,042 47.28 Released (65,651) 36.33 Forfeited (7,463) 44.53 Balance at March 31, 2017 899,362 $ 38.27 Vested and expected to vest after March 31,2017 832,557 $ 38.27 During the three months ended March 31, 2017 and 2016, the Company recorded stock-based compensation expense related to restricted stock units of $ 2.5 1.9 5.0 3.0 17.5 2.1 Six Months Ended March 31, 2017 2016 Total fair value of RSUs released $ 2,385 $ 369 Total intrinsic value of RSUs released 3,071 403

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Goodwill Balance at September 30, 2015 $ 496,415 Acquisition of RSG 617,634 Other acquisitions 47,608 Translation and other adjustments (882) Balance at March 31, 2016 $ 1,160,775 Balance at September 30, 2016 $ 1,197,565 Acquisitions 31,005 Translation and other adjustments (511) Balance at March 31, 2017 $ 1,228,059 The change in the carrying amount of goodwill for the six months ended March 31, 2017 and 2016 is primarily attributable to the Company’s acquisitions finalized during the respective periods presented (see Note 3). Intangible Assets In connection with transactions finalized during the six months ended March 31, 2017 and fiscal year 2016, the Company recorded intangible assets of $ 15.9 442.6 375.0 4.3 63.3 Weighted- Average Remaining March 31, September 30, March 31, Life 1 2017 2016 2016 (Years) Amortizable intangible assets: Non-compete agreements $ 2,824 $ 3,324 $ 2,824 3.61 Customer relationships 582,028 566,964 541,161 17.91 Trademarks 6,670 5,400 4,600 6.60 Beneficial lease arrangements 960 960 610 10.40 Total amortizable intangible assets 592,482 576,648 549,195 Less: Accumulated amortization (226,025) (185,674) (149,663) Total amortizable intangible assets, net $ 366,457 $ 390,974 $ 399,532 Indefinite lived trademarks 73,050 73,050 73,050 Total intangibles, net $ 439,507 $ 464,024 $ 472,582 1 As of March 31, 2017 For the three month periods ended March 31, 2017 and 2016, we recorded $ 20.3 17.1 40.4 32.3 1 20 17.7 Year Ending September 30, 2017 (Apr - Sept) $ 40,750 2018 67,713 2019 55,112 2020 44,527 2021 35,378 Thereafter 122,977 $ 366,457

Financing Arrangements

Financing Arrangements	6 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Financing Arrangements	8. Financing Arrangements In connection with the RSG Acquisition on October 1, 2015, the Company entered into various financing arrangements totaling $ 1.45 700.0 350.0 450.0 300.0 The proceeds from the Senior Secured Credit Facility and Senior Notes were used to provide working capital and funds for other general corporate purposes, to refinance or otherwise extinguish all third-party indebtedness for borrowed money under Company’s and RSG’s existing senior secured credit facilities and RSG’s unsecured senior notes due 2020, to finance the acquisition, and to pay fees and expenses associated with the RSG acquisition. The Company incurred financing costs totaling approximately $ 31.3 March 31, September 30, March 31, 2017 2016 2016 Senior Secured Credit Facility Revolving Lines of Credit: U.S. Revolver, expires October 1, 202 1 $ 269,124 $ 355,087 $ 295,690 Canadian Revolver, expires October 1, 2020 2 - 4,574 - Term Loan, matures October 1, 2022 3 434,912 436,380 436,632 Total borrowings under Senior Secured Credit Facility 704,036 796,041 732,322 Less: current portion (4,500) (4,500) (4,500) Total long-term borrowings under Senior Secured Credit Facility $ 699,536 $ 791,541 $ 727,822 Senior Notes Senior Notes, matures October 2023 4 291,689 291,049 290,410 Less: current portion - - - Total long-term borrowings under Senior Notes $ 291,689 $ 291,049 $ 290,410 Equipment Financing Facilities and Other Equipment financing facilities, various maturities through September 2021 5 $ 17,949 $ 20,419 $ 22,855 Capital lease obligations, various maturities through November 2021 6 22,204 25,013 25,130 Total obligations under equipment financing facilities and other 40,153 45,432 47,985 Less: current portion (9,514) (10,311) (7,659) Total long-term obligations under equipment financing facilities and other $ 30,639 $ 35,121 $ 40,326 1 - Effective rates on borrowings are 2.97 2.90 2.58 2 - Effective rates on borrowings are 3.20 3 - Interest rate of 3.50 3.50 4.00 4 - Interest rate of 6.38 5 - Fixed interest rates ranging from 2.33 3.25 2.33 4.49 6 - Fixed interest rates ranging from 2.72 10.39 Asset-based Line of Credit (“ABL”) On October 1, 2015, the Company entered into a $ 700 670.0 30.0 The ABL has a maturity date of October 1, 2020 2.39 4.50 2.97 269.1 10.4 0.25 There is one financial covenant under the ABL, which is a Consolidated Fixed Charge Ratio. The Consolidated Fixed Charge Ratio is calculated by dividing consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) by Consolidated Fixed Charges (as defined in the agreement). Per the covenant, the Company’s Consolidated Fixed Charge Ratio must be a minimum of 1.00 at the end of each fiscal quarter, calculated on a trailing four quarter basis. The covenant is only applicable when the borrowing availability is less than 10% of the maximum loan cap or $60.0 million. Term Loan On October 1, 2015, the Company entered into a $ 450.0 1.1 October 1, 2022 On September 16, 2016, the Company refinanced its Term Loan, 1.6 434.9 Senior Notes On October 1, 2015, the Company raised $ 300.0 6.38 October 1, 2023 291.7 Other Information The Senior Secured Credit Facility and the previous credit facility it replaced had certain lenders who participated in both arrangements, therefore management accounted for a portion of this transaction as a debt modification and a portion as a debt extinguishment. In accordance with the accounting for debt modification, the Company expensed $ 2.2 0.8 Equipment Financing Facilities and Other As of March 31, 2017, the Company had a $ 17.9 2.33 3.25 As of March 31, 2017 the Company had $ 22.2 2.72 10.39

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Operating Leases The Company mostly operates in leased facilities, which are accounted for as operating leases. The leases typically provide for a base rent plus real estate taxes. Certain of the leases provide for escalating rents over the lives of the leases and rent expense is recognized over the terms of those leases on a straight-line basis. For the three months ended March 31, 2017 and 2016, rent expense was $14.7 million and $14.6 million, respectively. For the six months ended March 31, 2017 and 2016, rent expense was $ 28.9 30.6 Contingencies The Company is subject to loss contingencies pursuant to various federal, state and local environmental laws and regulations; however, the Company is not aware of any reasonably possible losses that would have a material impact on its results of operations, financial position, or liquidity. Potential loss contingencies include possible obligations to remove or mitigate the effects on the environment of the placement, storage, disposal or release of certain chemical or other substances by the Company or by other parties. In connection with its acquisitions, the Company’s practice is to request indemnification for any and all known material liabilities of significance as of the respective dates of acquisition. Historically, environmental liabilities have not had a material impact on the Company's results of operations, financial position or liquidity. The Company is subject to litigation from time to time in the ordinary course of business; however the Company does not expect the results, if any, to have a material adverse impact on its results of operations, financial position or liquidity.

Geographic Data

Geographic Data	6 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Geographic Data	10. Geographic Data Three Months Ended March 31, Six Months Ended March 31, 2017 2016 2017 2016 Net sales U.S. $ 849,226 $ 803,675 $ 1,809,461 $ 1,735,018 Canada 21,498 19,862 63,447 64,999 Total net sales $ 870,724 $ 823,537 $ 1,872,908 $ 1,800,017 March 31, September 30, March 31, 2017 2016 2016 Long-lived assets U.S. $ 511,507 $ 527,680 $ 536,512 Canada 12,841 13,374 12,444 Total long-lived assets $ 524,348 $ 541,054 $ 548,956

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value	11. Fair Value Measurement As of March 31, 2017, the carrying amount of cash and cash equivalents, accounts receivable, prepaid and other current assets, accounts payable and accrued expenses approximated fair value because of the short-term nature of these instruments. The Company measures its cash equivalents at amortized cost, which approximates fair value based upon quoted market prices (Level 1). Based upon recent trading prices (Level 2 — market approach) as of March 31, 2017, the fair value of the Company’s $ 300.0 321.0

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Guarantor Information	12. Supplemental Guarantor Information All of the Senior Notes issued on October 1, 2015 are guaranteed jointly and severally by all of the United States subsidiaries of the Company (collectively, the “Guarantors”), and not by the Canadian subsidiaries of the Company. Such guarantees are full and unconditional. Supplemental condensed consolidating financial information of the Company, including such information for the Guarantors, is presented below. The information is presented in accordance with the requirements of Rule 3-10 under the SEC’s Regulation S-X. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the non-guarantor subsidiaries operated as independent entities. Investments in subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Separate financial statements of the Guarantors are not provided as the consolidating financial information contained herein provides a more meaningful disclosure to allow investors to determine the nature of the assets held by, and the operations of, the combined groups. Condensed Consolidating Balance Sheets (Unaudited; In thousands) March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 24,181 $ 1,946 $ (16,115) $ 10,012 Accounts receivable, net - 490,724 15,437 225 506,386 Inventories, net - 556,463 24,426 - 580,889 Prepaid expenses and other current assets 28,952 184,764 3,673 - 217,389 Total current assets 28,952 1,256,132 45,482 (15,890) 1,314,676 Intercompany receivable, net - 961,450 - (961,450) - Investments in consolidated subsidiaries 2,959,542 - - (2,959,542) - Deferred income taxes, net 57,419 - - (57,419) - Property and equipment, net 5,614 140,918 9,848 - 156,380 Goodwill - 1,198,805 29,254 - 1,228,059 Intangibles, net - 436,513 2,994 - 439,507 Other assets, net 1,242 269 - - 1,511 Total Assets $ 3,052,769 $ 3,994,087 $ 87,578 $ (3,994,301) $ 3,140,133 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 27,209 $ 468,144 $ 6,865 $ (15,890) $ 486,328 Accrued expenses 26,226 103,045 1,993 - 131,264 Current portions of long-term debt 4,500 9,514 - - 14,014 Total current liabilities 57,935 580,703 8,858 (15,890) 631,606 Intercompany payable, net 923,565 - 37,885 (961,450) - Borrowings under revolving lines of credit, net - 269,124 - - 269,124 Long-term debt, net 722,101 - - - 722,101 Deferred income taxes, net - 194,556 358 (57,419) 137,495 Long-term obligations under equipment financing and other, net - 30,593 46 - 30,639 Total liabilities 1,703,601 1,074,976 47,147 (1,034,759) 1,790,965 Total stockholders' equity 1,349,168 2,919,111 40,431 (2,959,542) 1,349,168 Total Liabilities and Stockholders' Equity $ 3,052,769 $ 3,994,087 $ 87,578 $ (3,994,301) $ 3,140,133 Condensed Consolidating Balance Sheets (Unaudited; In thousands) September 30, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 37,447 $ 2,876 $ (8,937) $ 31,386 Accounts receivable, net - 593,395 34,710 (1,140) 626,965 Inventories, net - 460,516 20,220 - 480,736 Prepaid expenses and other current assets 3,527 153,681 5,895 - 163,103 Total current assets 3,527 1,245,039 63,701 (10,077) 1,302,190 Intercompany receivable, net - 878,931 - (878,931) - Investments in consolidated subsidiaries 2,891,677 - - (2,891,677) - Deferred income taxes, net 59,567 - - (59,567) - Property and equipment, net 4,626 133,897 10,046 - 148,569 Goodwill - 1,167,905 29,660 - 1,197,565 Intangibles, net - 460,696 3,328 - 464,024 Other assets, net 1,242 269 - - 1,511 Total Assets $ 2,960,639 $ 3,886,737 $ 106,735 $ (3,840,252) $ 3,113,859 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 26,630 $ 329,895 $ 14,467 $ (10,077) $ 360,915 Accrued expenses 42,594 114,016 4,503 - 161,113 Current portions of long-term obligations 4,500 10,311 - - 14,811 Total current liabilities 73,724 454,222 18,970 (10,077) 536,839 Intercompany payable, net 840,159 - 38,772 (878,931) - Borrowings under revolving lines of credit, net - 355,087 4,574 - 359,661 Long-term debt, net 722,929 - - - 722,929 Deferred income taxes, net - 194,556 493 (59,567) 135,482 Long-term obligations under equipment financing and other, net - 35,074 47 - 35,121 Total liabilities 1,636,812 1,038,939 62,856 (948,575) 1,790,032 Total stockholders' equity 1,323,827 2,847,798 43,879 (2,891,677) 1,323,827 Total Liabilities and Stockholders' Equity $ 2,960,639 $ 3,886,737 $ 106,735 $ (3,840,252) $ 3,113,859 Condensed Consolidating Balance Sheets (Unaudited; In thousands) March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 28,831 $ 4,689 $ (18,679) $ 14,841 Accounts receivable, net - 476,860 15,130 (1,140) 490,850 Inventories, net - 483,582 30,168 - 513,750 Prepaid expenses and other current assets 16,474 145,102 3,049 - 164,625 Total current assets 16,474 1,134,375 53,036 (19,819) 1,184,066 Intercompany receivable, net 802,015 - (802,015) - Investments in consolidated subsidiaries 2,716,780 - - (2,716,780) - Deferred income taxes, net 17,403 - - (17,403) - Property and equipment, net 3,740 135,511 8,743 - 147,994 Goodwill - 1,130,818 29,957 - 1,160,775 Intangibles, net - 468,881 3,701 - 472,582 Other assets, net 1,233 197 - - 1,430 Total Assets $ 2,755,630 $ 3,671,797 $ 95,437 $ (3,556,017) $ 2,966,847 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 34,045 $ 392,032 $ 11,736 $ (19,819) $ 417,994 Accrued expenses 10,390 137,378 4,924 - 152,692 Current portions of long-term obligations 4,500 7,659 - - 12,159 Total current liabilities 48,935 537,069 16,660 (19,819) 582,845 Intercompany payable, net 764,168 - 37,847 (802,015) - Borrowings under revolving lines of credit - 295,690 - - 295,690 Long-term debt, net 722,542 - - - 722,542 Deferred income taxes, net - 119,855 426 (17,403) 102,878 Long-term obligations under equipment financing and other, net - 42,860 47 - 42,907 Total liabilities 1,535,645 995,474 54,980 (839,237) 1,746,862 Total stockholders' equity 1,219,985 2,676,323 40,457 (2,716,780) 1,219,985 Total Liabilities and Stockholders' Equity $ 2,755,630 $ 3,671,797 $ 95,437 $ (3,556,017) $ 2,966,847 BEACON ROOFING SUPPLY, INC. Condensed Consolidating Statements of Operations (Unaudited; In thousands, except share and per share amounts) Three Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 849,226 $ 21,498 $ - $ 870,724 Cost of products sold - 649,595 16,652 - 666,247 Gross profit - 199,631 4,846 - 204,477 Operating expense 7,010 193,448 7,075 - 207,533 Intercompany charges (income) (12,555) 11,993 562 - - Income (loss) from operations 5,545 (5,810) (2,791) - (3,056) Interest expense, financing costs, and other 3,983 8,003 282 - 12,268 Intercompany interest expense (income) (5,089) 5,089 - - - Income (loss) before provision for income taxes 6,651 (18,902) (3,073) - (15,324) Provision for (benefit from) income taxes 2,444 (7,568) (844) - (5,968) Income (loss) before equity in net income of subsidiaries 4,207 (11,334) (2,229) - (9,356) Equity in net loss of subsidiaries (13,563) - - 13,563 - Net loss $ (9,356) $ (11,334) $ (2,229) $ 13,563 $ (9,356) Weighted-average common stock outstanding: Basic 60,141,580 Diluted 60,141,580 Net income (loss) per share: Basic $ (0.16) Diluted $ (0.16) Three Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 803,781 $ 19,862 $ (106) $ 823,537 Cost of products sold - 612,646 15,233 (106) 627,773 Gross profit - 191,135 4,629 - 195,764 Operating expenses 27,987 157,398 6,496 - 191,881 Intercompany charges (income) (17,593) 16,270 1,323 - - Income (loss) from operations (10,394) 17,467 (3,190) - 3,883 Interest expense, financing costs, and other 4,763 8,267 (4) - 13,026 Intercompany interest expense (income) (4,795) 4,412 383 - - Income (loss) before provision for income taxes (10,362) 4,788 (3,569) - (9,143) Provision for (benefit from) income taxes (11,141) 8,663 (946) - (3,424) Income (loss) before equity in net income of subsidiaries 779 (3,875) (2,623) - (5,719) Equity in net loss of subsidiaries (6,498) - - 6,498 - Net loss $ (5,719) $ (3,875) $ (2,623) $ 6,498 $ (5,719) Weighted-average common stock outstanding: Basic 59,295,990 Diluted 59,295,990 Net income (loss) per share: Basic $ (0.10) Diluted $ (0.10) Condensed Consolidating Statements of Operations (Unaudited; In thousands, except share and per share amounts) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 1,809,461 $ 63,447 $ - $ 1,872,908 Cost of products sold - 1,368,129 49,235 - 1,417,364 Gross profit - 441,332 14,212 - 455,544 Operating expense 15,656 380,521 15,466 - 411,643 Intercompany charges (income) (24,508) 23,392 1,116 - - Income from operations 8,852 37,419 (2,370) - 43,901 Interest expense, financing costs, and other 19,337 5,458 1,047 - 25,842 Intercompany interest expense (income) (10,682) 10,682 - - - Income (loss) before provision for income taxes 197 21,279 (3,417) - 18,059 Provision for (benefit from) income taxes (410) 8,334 (939) - 6,985 Income (loss) before equity in net income of subsidiaries 607 12,945 (2,478) - 11,074 Equity in net income of subsidiaries 10,467 - - (10,467) - Net income (loss) $ 11,074 $ 12,945 $ (2,478) $ (10,467) $ 11,074 Weighted-average common stock outstanding: Basic 60,041,332 Diluted 61,069,938 Net income per share: Basic $ 0.18 Diluted $ 0.18 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 1,735,265 $ 64,999 $ (247) $ 1,800,017 Cost of products sold - 1,321,029 50,283 (247) 1,371,065 Gross profit - 414,236 14,716 - 428,952 Operating expenses 59,159 324,412 14,654 - 398,225 Intercompany charges (income) (25,440) 23,456 1,984 - - Income (loss) from operations (33,719) 66,368 (1,922) - 30,727 Interest expense, financing costs, and other 14,637 14,505 140 - 29,282 Intercompany interest expense (income) (8,721) 7,949 772 - - Income (loss) before provision for income taxes (39,635) 43,914 (2,834) - 1,445 Provision for (benefit from) income taxes (20,873) 21,670 (751) - 46 Income (loss) before equity in net income of subsidiaries (18,762) 22,244 (2,083) - 1,399 Equity in net income of subsidiaries 20,161 - - (20,161) - Net income (loss) $ 1,399 $ 22,244 $ (2,083) $ (20,161) $ 1,399 Weighted-average common stock outstanding: Basic 59,133,569 Diluted 60,077,852 Net income per share: Basic $ 0.02 Diluted $ 0.02 Condensed Consolidating Statements of Comprehensive Income (Unaudited; In thousands) Three Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net loss $ (9,356) $ (11,334) $ (2,229) $ 13,563 $ (9,356) Other comprehensive income: Foreign currency translation adjustment 813 - 813 (813) 813 Total other comprehensive income 813 - 813 (813) 813 Comprehensive loss $ (8,543) $ (11,334) $ (1,416) $ 12,750 $ (8,543) Three Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net loss $ (5,719) $ (3,875) $ (2,623) $ 6,498 $ (5,719) Other comprehensive income: Foreign currency translation adjustment 4,226 - 4,226 (4,226) 4,226 Total other comprehensive income 4,226 - 4,226 (4,226) 4,226 Comprehensive income (loss) $ (1,493) $ (3,875) $ 1,603 $ 2,272 $ (1,493) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net income (loss) $ 11,074 $ 12,945 $ (2,478) $ (10,467) $ 11,074 Other comprehensive income: Foreign currency translation adjustment (839) - (839) 839 (839) Total other comprehensive loss (839) - (839) 839 (839) Comprehensive income (loss) $ 10,235 $ 12,945 $ (3,317) $ (9,628) $ 10,235 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net income (loss) $ 1,399 $ 22,244 $ (2,083) $ (20,161) $ 1,399 Other comprehensive income: Foreign currency translation adjustment 1,757 - 1,757 (1,757) 1,757 Total other comprehensive income 1,757 - 1,757 (1,757) 1,757 Comprehensive income (loss) $ 3,156 $ 22,244 $ (326) $ (21,918) $ 3,156 Condensed Consolidating Statements of Cash Flows (Unaudited; In thousands) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net cash provided by (used in) operating activities $ (29,347) $ 181,847 $ 5,121 $ (7,178) $ 150,443 Investing Activities Purchases of property and equipment (1,709) (21,742) (780) - (24,231) Acquisition of businesses (58,359) - - - (58,359) Proceeds from the sale of assets - 1,274 11 - 1,285 Intercompany activity 83,397 - - (83,397) - Net cash provided by (used in) investing activities 23,329 (20,468) (769) (83,397) (81,305) Financing Activities Borrowings under revolving lines of credit - 852,583 4,516 - 857,099 Repayments under revolving lines of credit - (939,438) (9,032) - (948,470) Repayments under term loan (1,125) - - - (1,125) Borrowings under equipment financing facilities and other - 1,579 - - 1,579 Repayments under equipment financing facilities and other - (6,857) - - (6,857) Proceeds from issuance of common stock 7,840 - - - 7,840 Taxes paid related to net share settelement of equity awards (697) - - - (697) Intercompany activity - (82,512) (885) 83,397 - Net cash provided by (used in) financing activities 6,018 (174,645) (5,401) 83,397 (90,631) Effect of exchange rate changes on cash and cash equivalents - - 119 - 119 Net decrease in cash and cash equivalents - (13,266) (930) (7,178) (21,374) Cash and cash equivalents, beginning of period - 37,447 2,876 (8,937) 31,386 Cash and cash equivalents, end of period $ - $ 24,181 $ 1,946 $ (16,115) $ 10,012 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net cash provided by (used in) operating activities $ (41,213) $ 127,076 $ 9,262 $ (14,473) $ 80,652 Investing Activities Purchases of property and equipment (1,507) (9,093) (459) - (11,059) Acquisition of businesses (941,156) - - - (941,156) Proceeds from the sale of assets - 377 - - 377 Intercompany activity 423,620 - - (423,620) - Net cash used in investing activities (519,043) (8,716) (459) (423,620) (951,838) Financing Activities Borrowings under revolving lines of credit - 1,017,128 - - 1,017,128 Repayments under revolving lines of credit - (713,407) (11,448) - (724,855) Borrowings under term loan 450,000 - - - 450,000 Repayments under term loan (187,875) - - - (187,875) Borrowings under Senior Notes 300,000 - - - 300,000 Repayments under equipment financing facilities and other - (2,633) - - (2,633) Payment of deferred financing costs (18,890) (8,923) - - (27,813) Proceeds from issuance of common stock 15,391 - - - 15,391 Excess tax benefit from stock-based compensation 1,630 - - - 1,630 Intercompany activity - (424,510) 890 423,620 - Net cash provided by (used in) financing activities 560,256 (132,345) (10,558) 423,620 840,973 Effect of exchange rate changes on cash and cash equivalents - - (607) - (607) Net decrease in cash and cash equivalents - (13,985) (2,362) (14,473) (30,820) Cash and cash equivalents, beginning of period - 42,816 7,051 (4,206) 45,661 Cash and cash equivalents, end of period $ - $ 28,831 $ 4,689 $ (18,679) $ 14,841

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events On May 1, 2017, the Company purchased certain assets of Lowry’s Inc., a distributor of waterproofing and concrete restoration materials with 11 branches operating in California, Arizona, Utah and Hawaii and annual sales of approximately $76 million.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Beacon Roofing Supply, Inc. (the “Company”) prepared the condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and the requirements of the Securities and Exchange Commission (“SEC”). As permitted under those rules, certain footnotes or other financial information have been condensed or omitted. The balance sheet as of March 31, 2016 has been presented for a better understanding of the impact of seasonal fluctuations on the Company's financial condition. In management's opinion, the financial statements include all normal and recurring adjustments that are considered necessary for the fair presentation of the Company's financial position and operating results. The results for the three and six-month periods ended March 31, 2 0 The three-month periods ended March 31, 2017 and 2016 each had 64 business days and the six-month periods ended March 31, 2017 and March 31, 2016 had 125 and 126 business days, respectively. These interim Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in the Company’s fiscal year 2016 (“2016”) Annual Report on Form 10-K for the year ended September 30, 2016.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and accompanying notes. Significant items subject to such estimates include inventories, purchase price allocations, recoverability of goodwill and intangibles, and income taxes. Actual amounts could differ from those estimates.
Recent Issued Accounting Pronouncements	Recent Accounting Pronouncements - Adopted In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “ Simplifying the Presentation of Debt Issuance Costs 22.9 25.2 28.7 In September 2015, the FASB issued ASU 2015-16, “ Simplifying the Accounting for Measurement-Period Adjustments In November 2015, the FASB issued ASU 2015-17, " Balance Sheet Classification of Deferred Taxes 31.9 Recent Accounting Pronouncements - Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers In August 2014, the FASB issued ASU No. 2014-15, “ Presentation of Financial Statements—Going Concern: Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern In July 2015, the FASB issued ASU 2015-11, “ Inventory: Simplifying the Measurement of Inventory. In February 2016, the FASB issued ASU 2016-02, “ Leases In March 2016, the FASB issued ASU 2016-09, “ Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting.” In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.” In January 2017, the FASB issued ASU 2017-01, “ Business Combinations: Clarifying the Definition of a Business” In January 2017, the FASB issued ASU 2017-04, “ Simplifying the Accounting for Goodwill Impairment.”

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	As of September 30, 2016, the Company had finalized the acquisition accounting entries for the RSG acquisition, detailed as follows (in thousands): Cash $ 16,451 Accounts receivable 177,251 Inventory 179,651 Other current assets 50,000 Property, plant, and equipment 55,159 Other intangible assets 382,600 Goodwill 617,477 Current liabilities (252,190) Non-current liabilities (56,949) Total purchase price $ 1,169,450

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	6 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Calculation of Weighted-Average Shares Outstanding	The following table presents the basic and diluted weighted-average shares outstanding for each period presented: Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 Weighted-average common shares outstanding, basic 60,141,580 59,295,990 60,041,332 59,133,569 Effect of dilutive securities: Stock options - - 633,007 696,112 Restricted stock units - - 395,599 248,171 Weighted-average common shares outstanding, diluted 60,141,580 59,295,990 61,069,938 60,077,852
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	These shares were not included in the computation of diluted net income per share because the effect was either anti-dilutive or the requisite performance conditions were not met. Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 Stock options 270,428 665,281 416,085 667,251 Restricted stock units - 88,407 123,780 88,407

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Stockholders Equity	The following table presents the activity included in stockholders’ equity during the six months ended March 31, 2017 (in thousands, except share amounts): Accumulated Additional Other Total Common Stock Paid-in Retained Comprehensive Stockholders' Shares Amount Capital Earnings Loss Equity Balance at September 30, 2016 59,890,885 $ 598 $ 694,564 $ 647,322 $ (18,657) $ 1,323,827 Issuance of common stock, net of shares withheld for taxes 364,435 4 7,140 - - 7,144 Stock-based compensation - - 7,574 - - 7,574 Other comprehensive income (loss) - - - - (451) (451) Net income - - - 11,074 - 11,074 Balance at March 31, 2017 60,255,320 $ 602 $ 709,278 $ 658,396 $ (19,108) $ 1,349,168
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the components of and changes in accumulated other comprehensive loss (in thousands): Accumulated Foreign Derivative Other Currency Financial Comprehensive Translation Instruments Loss Balance as of September 30, 2016 $ (18,269) $ (388) $ (18,657) Other comprehensive loss before reclassifications (839) - (839) Reclassifications out of other comprehensive loss - 388 388 Balance as of March 31, 2017 $ (19,108) $ - $ (19,108)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Fair Values of Options, Black-Scholes Option-Pricing Model, Weighted-Average Assumptions	The fair values of the options granted during the six months ended March 31, 2017 were estimated on the dates of grants using the Black-Scholes option-pricing model with the following weighted-average assumptions: Risk-free interest rate 1.97 % Expected volatility 28.83 % Expected life (in years) 5.30 Dividend yield —
Stock Options Outstanding and Activity During the Period	The following table summarizes all stock option activity for the period presented (in thousands, except share, per share, and time period amounts): Weighted-Average Weighted- Remaining Aggregate Options Average Contractual Term Intrinsic Outstanding Exercise Price (Years) Value 1 Balance as of September 30, 2016 2,312,789 $ 25.55 6.3 $ 38,225 Granted 245,818 47.40 Exercised (316,827) 21.20 Canceled (22,271) 24.19 Balance as of March 31, 2017 2,219,509 $ 28.60 6.5 $ 45,630 Vested and expected to vest after March 31, 2017 2,167,911 $ 28.51 6.5 $ 44,759 Exercisable as of March 31, 2017 1,487,885 $ 25.40 5.4 $ 35,350 1 Aggregate intrinsic value as represents the difference between the closing fair value of the underlying common stock and the exercise price of outstanding, in-the-money options on the date of measurement
Stock Option Grants, Vesting, and Exercises	The following table summarizes additional information on stock options for the period presented (in thousands, except per share amounts): Six Months Ended March 31, 2017 2016 Weighted-average fair value of stock options granted $ 14.21 $ 12.89 Total fair value of stock options vested 4,998 11,020 Total intrinsic value of stock options exercised 7,906 14,415
Restricted Shares and Units Outstanding and Activity During the Period	The following table summarizes all restricted stock unit activity for the period presented: RSUs Weighted-Average Outstanding Grant Date Fair Value Balance at September 30, 2016 705,434 $ 34.55 Granted 267,042 47.28 Released (65,651) 36.33 Forfeited (7,463) 44.53 Balance at March 31, 2017 899,362 $ 38.27 Vested and expected to vest after March 31,2017 832,557 $ 38.27
Schedule Of Restricted Stock Units Additional Information	The following table summarizes additional information on RSUs for the period presented (in thousands): Six Months Ended March 31, 2017 2016 Total fair value of RSUs released $ 2,385 $ 369 Total intrinsic value of RSUs released 3,071 403

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in goodwill	Balance at September 30, 2015 $ 496,415 Acquisition of RSG 617,634 Other acquisitions 47,608 Translation and other adjustments (882) Balance at March 31, 2016 $ 1,160,775 Balance at September 30, 2016 $ 1,197,565 Acquisitions 31,005 Translation and other adjustments (511) Balance at March 31, 2017 $ 1,228,059
Intangibles and Other Assets, Included in Other Long-term Assets	Intangible assets consisted of the following (in thousands, except time period amounts): Weighted- Average Remaining March 31, September 30, March 31, Life 1 2017 2016 2016 (Years) Amortizable intangible assets: Non-compete agreements $ 2,824 $ 3,324 $ 2,824 3.61 Customer relationships 582,028 566,964 541,161 17.91 Trademarks 6,670 5,400 4,600 6.60 Beneficial lease arrangements 960 960 610 10.40 Total amortizable intangible assets 592,482 576,648 549,195 Less: Accumulated amortization (226,025) (185,674) (149,663) Total amortizable intangible assets, net $ 366,457 $ 390,974 $ 399,532 Indefinite lived trademarks 73,050 73,050 73,050 Total intangibles, net $ 439,507 $ 464,024 $ 472,582 1 As of March 31, 2017
Estimated Future Annual Amortization	The following table presents the estimated annual amortization expense for these intangible assets (in thousands): Year Ending September 30, 2017 (Apr - Sept) $ 40,750 2018 67,713 2019 55,112 2020 44,527 2021 35,378 Thereafter 122,977 $ 366,457

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes all financing arrangements the Company has entered into (in thousands): March 31, September 30, March 31, 2017 2016 2016 Senior Secured Credit Facility Revolving Lines of Credit: U.S. Revolver, expires October 1, 202 1 $ 269,124 $ 355,087 $ 295,690 Canadian Revolver, expires October 1, 2020 2 - 4,574 - Term Loan, matures October 1, 2022 3 434,912 436,380 436,632 Total borrowings under Senior Secured Credit Facility 704,036 796,041 732,322 Less: current portion (4,500) (4,500) (4,500) Total long-term borrowings under Senior Secured Credit Facility $ 699,536 $ 791,541 $ 727,822 Senior Notes Senior Notes, matures October 2023 4 291,689 291,049 290,410 Less: current portion - - - Total long-term borrowings under Senior Notes $ 291,689 $ 291,049 $ 290,410 Equipment Financing Facilities and Other Equipment financing facilities, various maturities through September 2021 5 $ 17,949 $ 20,419 $ 22,855 Capital lease obligations, various maturities through November 2021 6 22,204 25,013 25,130 Total obligations under equipment financing facilities and other 40,153 45,432 47,985 Less: current portion (9,514) (10,311) (7,659) Total long-term obligations under equipment financing facilities and other $ 30,639 $ 35,121 $ 40,326 1 - Effective rates on borrowings are 2.97 2.90 2.58 2 - Effective rates on borrowings are 3.20 3 - Interest rate of 3.50 3.50 4.00 4 - Interest rate of 6.38 5 - Fixed interest rates ranging from 2.33 3.25 2.33 4.49 6 - Fixed interest rates ranging from 2.72 10.39

Geographic Data (Tables)

Geographic Data (Tables)	6 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule Of Geographic Information	Three Months Ended March 31, Six Months Ended March 31, 2017 2016 2017 2016 Net sales U.S. $ 849,226 $ 803,675 $ 1,809,461 $ 1,735,018 Canada 21,498 19,862 63,447 64,999 Total net sales $ 870,724 $ 823,537 $ 1,872,908 $ 1,800,017 March 31, September 30, March 31, 2017 2016 2016 Long-lived assets U.S. $ 511,507 $ 527,680 $ 536,512 Canada 12,841 13,374 12,444 Total long-lived assets $ 524,348 $ 541,054 $ 548,956

Supplemental Guarantor Inform29

Supplemental Guarantor Information (Tables)	6 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidated Balance Sheets	Condensed Consolidating Balance Sheets (Unaudited; In thousands) March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 24,181 $ 1,946 $ (16,115) $ 10,012 Accounts receivable, net - 490,724 15,437 225 506,386 Inventories, net - 556,463 24,426 - 580,889 Prepaid expenses and other current assets 28,952 184,764 3,673 - 217,389 Total current assets 28,952 1,256,132 45,482 (15,890) 1,314,676 Intercompany receivable, net - 961,450 - (961,450) - Investments in consolidated subsidiaries 2,959,542 - - (2,959,542) - Deferred income taxes, net 57,419 - - (57,419) - Property and equipment, net 5,614 140,918 9,848 - 156,380 Goodwill - 1,198,805 29,254 - 1,228,059 Intangibles, net - 436,513 2,994 - 439,507 Other assets, net 1,242 269 - - 1,511 Total Assets $ 3,052,769 $ 3,994,087 $ 87,578 $ (3,994,301) $ 3,140,133 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 27,209 $ 468,144 $ 6,865 $ (15,890) $ 486,328 Accrued expenses 26,226 103,045 1,993 - 131,264 Current portions of long-term debt 4,500 9,514 - - 14,014 Total current liabilities 57,935 580,703 8,858 (15,890) 631,606 Intercompany payable, net 923,565 - 37,885 (961,450) - Borrowings under revolving lines of credit, net - 269,124 - - 269,124 Long-term debt, net 722,101 - - - 722,101 Deferred income taxes, net - 194,556 358 (57,419) 137,495 Long-term obligations under equipment financing and other, net - 30,593 46 - 30,639 Total liabilities 1,703,601 1,074,976 47,147 (1,034,759) 1,790,965 Total stockholders' equity 1,349,168 2,919,111 40,431 (2,959,542) 1,349,168 Total Liabilities and Stockholders' Equity $ 3,052,769 $ 3,994,087 $ 87,578 $ (3,994,301) $ 3,140,133 BEACON ROOFING SUPPLY, INC. Condensed Consolidating Balance Sheets (Unaudited; In thousands) September 30, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 37,447 $ 2,876 $ (8,937) $ 31,386 Accounts receivable, net - 593,395 34,710 (1,140) 626,965 Inventories, net - 460,516 20,220 - 480,736 Prepaid expenses and other current assets 3,527 153,681 5,895 - 163,103 Total current assets 3,527 1,245,039 63,701 (10,077) 1,302,190 Intercompany receivable, net - 878,931 - (878,931) - Investments in consolidated subsidiaries 2,891,677 - - (2,891,677) - Deferred income taxes, net 59,567 - - (59,567) - Property and equipment, net 4,626 133,897 10,046 - 148,569 Goodwill - 1,167,905 29,660 - 1,197,565 Intangibles, net - 460,696 3,328 - 464,024 Other assets, net 1,242 269 - - 1,511 Total Assets $ 2,960,639 $ 3,886,737 $ 106,735 $ (3,840,252) $ 3,113,859 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 26,630 $ 329,895 $ 14,467 $ (10,077) $ 360,915 Accrued expenses 42,594 114,016 4,503 - 161,113 Current portions of long-term obligations 4,500 10,311 - - 14,811 Total current liabilities 73,724 454,222 18,970 (10,077) 536,839 Intercompany payable, net 840,159 - 38,772 (878,931) - Borrowings under revolving lines of credit, net - 355,087 4,574 - 359,661 Long-term debt, net 722,929 - - - 722,929 Deferred income taxes, net - 194,556 493 (59,567) 135,482 Long-term obligations under equipment financing and other, net - 35,074 47 - 35,121 Total liabilities 1,636,812 1,038,939 62,856 (948,575) 1,790,032 Total stockholders' equity 1,323,827 2,847,798 43,879 (2,891,677) 1,323,827 Total Liabilities and Stockholders' Equity $ 2,960,639 $ 3,886,737 $ 106,735 $ (3,840,252) $ 3,113,859 BEACON ROOFING SUPPLY, INC. Condensed Consolidating Balance Sheets (Unaudited; In thousands) March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Assets Current assets: Cash and cash equivalents $ - $ 28,831 $ 4,689 $ (18,679) $ 14,841 Accounts receivable, net - 476,860 15,130 (1,140) 490,850 Inventories, net - 483,582 30,168 - 513,750 Prepaid expenses and other current assets 16,474 145,102 3,049 - 164,625 Total current assets 16,474 1,134,375 53,036 (19,819) 1,184,066 Intercompany receivable, net 802,015 - (802,015) - Investments in consolidated subsidiaries 2,716,780 - - (2,716,780) - Deferred income taxes, net 17,403 - - (17,403) - Property and equipment, net 3,740 135,511 8,743 - 147,994 Goodwill - 1,130,818 29,957 - 1,160,775 Intangibles, net - 468,881 3,701 - 472,582 Other assets, net 1,233 197 - - 1,430 Total Assets $ 2,755,630 $ 3,671,797 $ 95,437 $ (3,556,017) $ 2,966,847 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 34,045 $ 392,032 $ 11,736 $ (19,819) $ 417,994 Accrued expenses 10,390 137,378 4,924 - 152,692 Current portions of long-term obligations 4,500 7,659 - - 12,159 Total current liabilities 48,935 537,069 16,660 (19,819) 582,845 Intercompany payable, net 764,168 - 37,847 (802,015) - Borrowings under revolving lines of credit - 295,690 - - 295,690 Long-term debt, net 722,542 - - - 722,542 Deferred income taxes, net - 119,855 426 (17,403) 102,878 Long-term obligations under equipment financing and other, net - 42,860 47 - 42,907 Total liabilities 1,535,645 995,474 54,980 (839,237) 1,746,862 Total stockholders' equity 1,219,985 2,676,323 40,457 (2,716,780) 1,219,985 Total Liabilities and Stockholders' Equity $ 2,755,630 $ 3,671,797 $ 95,437 $ (3,556,017) $ 2,966,847
Condensed Consolidated Statements of Operations	Condensed Consolidating Statements of Operations (Unaudited; In thousands, except share and per share amounts) Three Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 849,226 $ 21,498 $ - $ 870,724 Cost of products sold - 649,595 16,652 - 666,247 Gross profit - 199,631 4,846 - 204,477 Operating expense 7,010 193,448 7,075 - 207,533 Intercompany charges (income) (12,555) 11,993 562 - - Income (loss) from operations 5,545 (5,810) (2,791) - (3,056) Interest expense, financing costs, and other 3,983 8,003 282 - 12,268 Intercompany interest expense (income) (5,089) 5,089 - - - Income (loss) before provision for income taxes 6,651 (18,902) (3,073) - (15,324) Provision for (benefit from) income taxes 2,444 (7,568) (844) - (5,968) Income (loss) before equity in net income of subsidiaries 4,207 (11,334) (2,229) - (9,356) Equity in net loss of subsidiaries (13,563) - - 13,563 - Net loss $ (9,356) $ (11,334) $ (2,229) $ 13,563 $ (9,356) Weighted-average common stock outstanding: Basic 60,141,580 Diluted 60,141,580 Net income (loss) per share: Basic $ (0.16) Diluted $ (0.16) Three Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 803,781 $ 19,862 $ (106) $ 823,537 Cost of products sold - 612,646 15,233 (106) 627,773 Gross profit - 191,135 4,629 - 195,764 Operating expenses 27,987 157,398 6,496 - 191,881 Intercompany charges (income) (17,593) 16,270 1,323 - - Income (loss) from operations (10,394) 17,467 (3,190) - 3,883 Interest expense, financing costs, and other 4,763 8,267 (4) - 13,026 Intercompany interest expense (income) (4,795) 4,412 383 - - Income (loss) before provision for income taxes (10,362) 4,788 (3,569) - (9,143) Provision for (benefit from) income taxes (11,141) 8,663 (946) - (3,424) Income (loss) before equity in net income of subsidiaries 779 (3,875) (2,623) - (5,719) Equity in net loss of subsidiaries (6,498) - - 6,498 - Net loss $ (5,719) $ (3,875) $ (2,623) $ 6,498 $ (5,719) Weighted-average common stock outstanding: Basic 59,295,990 Diluted 59,295,990 Net income (loss) per share: Basic $ (0.10) Diluted $ (0.10) BEACON ROOFING SUPPLY, INC. Condensed Consolidating Statements of Operations (Unaudited; In thousands, except share and per share amounts) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 1,809,461 $ 63,447 $ - $ 1,872,908 Cost of products sold - 1,368,129 49,235 - 1,417,364 Gross profit - 441,332 14,212 - 455,544 Operating expense 15,656 380,521 15,466 - 411,643 Intercompany charges (income) (24,508) 23,392 1,116 - - Income from operations 8,852 37,419 (2,370) - 43,901 Interest expense, financing costs, and other 19,337 5,458 1,047 - 25,842 Intercompany interest expense (income) (10,682) 10,682 - - - Income (loss) before provision for income taxes 197 21,279 (3,417) - 18,059 Provision for (benefit from) income taxes (410) 8,334 (939) - 6,985 Income (loss) before equity in net income of subsidiaries 607 12,945 (2,478) - 11,074 Equity in net income of subsidiaries 10,467 - - (10,467) - Net income (loss) $ 11,074 $ 12,945 $ (2,478) $ (10,467) $ 11,074 Weighted-average common stock outstanding: Basic 60,041,332 Diluted 61,069,938 Net income per share: Basic $ 0.18 Diluted $ 0.18 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net sales $ - $ 1,735,265 $ 64,999 $ (247) $ 1,800,017 Cost of products sold - 1,321,029 50,283 (247) 1,371,065 Gross profit - 414,236 14,716 - 428,952 Operating expenses 59,159 324,412 14,654 - 398,225 Intercompany charges (income) (25,440) 23,456 1,984 - - Income (loss) from operations (33,719) 66,368 (1,922) - 30,727 Interest expense, financing costs, and other 14,637 14,505 140 - 29,282 Intercompany interest expense (income) (8,721) 7,949 772 - - Income (loss) before provision for income taxes (39,635) 43,914 (2,834) - 1,445 Provision for (benefit from) income taxes (20,873) 21,670 (751) - 46 Income (loss) before equity in net income of subsidiaries (18,762) 22,244 (2,083) - 1,399 Equity in net income of subsidiaries 20,161 - - (20,161) - Net income (loss) $ 1,399 $ 22,244 $ (2,083) $ (20,161) $ 1,399 Weighted-average common stock outstanding: Basic 59,133,569 Diluted 60,077,852 Net income per share: Basic $ 0.02 Diluted $ 0.02
Condensed Consolidated Statements of Comprehensive Income	BEACON ROOFING SUPPLY, INC. Condensed Consolidating Statements of Comprehensive Income (Unaudited; In thousands) Three Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net loss $ (9,356) $ (11,334) $ (2,229) $ 13,563 $ (9,356) Other comprehensive income: Foreign currency translation adjustment 813 - 813 (813) 813 Total other comprehensive income 813 - 813 (813) 813 Comprehensive loss $ (8,543) $ (11,334) $ (1,416) $ 12,750 $ (8,543) Three Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net loss $ (5,719) $ (3,875) $ (2,623) $ 6,498 $ (5,719) Other comprehensive income: Foreign currency translation adjustment 4,226 - 4,226 (4,226) 4,226 Total other comprehensive income 4,226 - 4,226 (4,226) 4,226 Comprehensive income (loss) $ (1,493) $ (3,875) $ 1,603 $ 2,272 $ (1,493) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net income (loss) $ 11,074 $ 12,945 $ (2,478) $ (10,467) $ 11,074 Other comprehensive income: Foreign currency translation adjustment (839) - (839) 839 (839) Total other comprehensive loss (839) - (839) 839 (839) Comprehensive income (loss) $ 10,235 $ 12,945 $ (3,317) $ (9,628) $ 10,235 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net income (loss) $ 1,399 $ 22,244 $ (2,083) $ (20,161) $ 1,399 Other comprehensive income: Foreign currency translation adjustment 1,757 - 1,757 (1,757) 1,757 Total other comprehensive income 1,757 - 1,757 (1,757) 1,757 Comprehensive income (loss) $ 3,156 $ 22,244 $ (326) $ (21,918) $ 3,156
Condensed Consolidated Statements of Cash Flows	BEACON ROOFING SUPPLY, INC. Condensed Consolidating Statements of Cash Flows (Unaudited; In thousands) Six Months Ended March 31, 2017 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net cash provided by (used in) operating activities $ (29,347) $ 181,847 $ 5,121 $ (7,178) $ 150,443 Investing Activities Purchases of property and equipment (1,709) (21,742) (780) - (24,231) Acquisition of businesses (58,359) - - - (58,359) Proceeds from the sale of assets - 1,274 11 - 1,285 Intercompany activity 83,397 - - (83,397) - Net cash provided by (used in) investing activities 23,329 (20,468) (769) (83,397) (81,305) Financing Activities Borrowings under revolving lines of credit - 852,583 4,516 - 857,099 Repayments under revolving lines of credit - (939,438) (9,032) - (948,470) Repayments under term loan (1,125) - - - (1,125) Borrowings under equipment financing facilities and other - 1,579 - - 1,579 Repayments under equipment financing facilities and other - (6,857) - - (6,857) Proceeds from issuance of common stock 7,840 - - - 7,840 Taxes paid related to net share settelement of equity awards (697) - - - (697) Intercompany activity - (82,512) (885) 83,397 - Net cash provided by (used in) financing activities 6,018 (174,645) (5,401) 83,397 (90,631) Effect of exchange rate changes on cash and cash equivalents - - 119 - 119 Net decrease in cash and cash equivalents - (13,266) (930) (7,178) (21,374) Cash and cash equivalents, beginning of period - 37,447 2,876 (8,937) 31,386 Cash and cash equivalents, end of period $ - $ 24,181 $ 1,946 $ (16,115) $ 10,012 Six Months Ended March 31, 2016 Guarantor Non-Guarantor Eliminations Parent Subsidiaries Subsidiaries and Other Consolidated Net cash provided by (used in) operating activities $ (41,213) $ 127,076 $ 9,262 $ (14,473) $ 80,652 Investing Activities Purchases of property and equipment (1,507) (9,093) (459) - (11,059) Acquisition of businesses (941,156) - - - (941,156) Proceeds from the sale of assets - 377 - - 377 Intercompany activity 423,620 - - (423,620) - Net cash used in investing activities (519,043) (8,716) (459) (423,620) (951,838) Financing Activities Borrowings under revolving lines of credit - 1,017,128 - - 1,017,128 Repayments under revolving lines of credit - (713,407) (11,448) - (724,855) Borrowings under term loan 450,000 - - - 450,000 Repayments under term loan (187,875) - - - (187,875) Borrowings under Senior Notes 300,000 - - - 300,000 Repayments under equipment financing facilities and other - (2,633) - - (2,633) Payment of deferred financing costs (18,890) (8,923) - - (27,813) Proceeds from issuance of common stock 15,391 - - - 15,391 Excess tax benefit from stock-based compensation 1,630 - - - 1,630 Intercompany activity - (424,510) 890 423,620 - Net cash provided by (used in) financing activities 560,256 (132,345) (10,558) 423,620 840,973 Effect of exchange rate changes on cash and cash equivalents - - (607) - (607) Net decrease in cash and cash equivalents - (13,985) (2,362) (14,473) (30,820) Cash and cash equivalents, beginning of period - 42,816 7,051 (4,206) 45,661 Cash and cash equivalents, end of period $ - $ 28,831 $ 4,689 $ (18,679) $ 14,841

Summary of Significant Accoun30

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015
Significant Accounting Policies [Line Items]
Debt Related Commitment Fees and Debt Issuance Costs	$ 22,900	$ 28,700	$ 25,200
Deferred Tax Assets, Net, Noncurrent	$ 0	$ 0	$ 0	$ 31,900

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Goodwill	$ 1,228,059	$ 1,197,565	$ 1,160,775	$ 496,415
RSG Acquisition [Member]
Cash		16,451
Accounts receivable		177,251
Inventory		179,651
Other current assets		50,000
Property, plant, and equipment		55,159
Other intangible assets		382,600
Goodwill		617,477
Current liabilities		(252,190)
Non-current liabilities		(56,949)
Total purchase price		$ 1,169,450

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details)	6 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)shares	Sep. 30, 2016USD ($)	Oct. 31, 2015
Business Acquisition [Line Items]
Business Acquisitions Purchase Price Allocation Goodwill Amount	$ 31,000,000	$ 84,800,000
Business Acquisitions Purchase Price Allocation Intangible Assets Other Than Goodwill		60,800,000
Business Combination Good will Tax Deductible Portion		86,100,000
Business Combination, Acquired Receivables, Fair Value		177,300,000
Business Combination, Acquired Receivables, Gross Contractual Amount		$ 185,900,000
Number Of Business Locations	12	42
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 15,900,000	$ 59,800,000
RCI Roofing Supply [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 23,000,000
Number Of Business Locations	5
Roofing and Insulation Supply [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 70,000,000
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Number Of Business Locations	20
Number Of States Business Location	13
Statewide Wholesale [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 15,000,000
Number Of Business Locations	1
Roofing Supply Groups [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred, Total	$ 1,170,000,000
Payments to Acquire Businesses, Gross	288,200,000
Business Combination, Consideration Transferred, Other	306,800,000
Business Combination, Consideration Transferred, Liabilities Incurred	$ 574,400,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Grants In Period | shares	661,349
RSG Acquisition [Member]
Business Acquisition [Line Items]
Number Of Business Locations			85
Number Of States Business Location			25
Atlantic Building Product [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 5,000,000
Number Of Business Locations	2
Lyf-Tym Building Product [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 20,000,000
Number Of Business Locations	6
Fox Brothers [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 35,000,000
Number Of Business Locations	4
Woodfeathers, inc. [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period		$ 30,000,000
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Number Of Business Locations		4
BJ Supply Company [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 4,000,000
Number Of Business Locations	1
American Building and Roofing, Inc [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 36,000,000
Number Of Business Locations	7
Eco Insulation Supply [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 8,000,000
Number Of Business Locations	1
Acme Building Materials, Inc [Member]
Business Acquisition [Line Items]
Business Acquisition, sales reported by acquired entity for last annual period	$ 13,000,000
Number Of Business Locations	3

Net Income (Loss) per Share (De

Net Income (Loss) per Share (Details) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Weighted-average common shares outstanding, basic	60,141,580	59,295,990	60,041,332	59,133,569
Effect of dilutive securities:
Weighted-average common shares outstanding, diluted	60,141,580	59,295,990	61,069,938	60,077,852
Employee Stock Option [Member]
Effect of dilutive securities:
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	633,007	696,112
Restricted Stock [Member]
Effect of dilutive securities:
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	395,599	248,171

Net Income (Loss) per Share (34

Net Income (Loss) per Share (Details 1) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	270,428	665,281	416,085	667,251
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	88,407	123,780	88,407

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Balance			$ 1,323,827
Issuance of common stock, net of shares withheld for taxes			7,144
Stock-based compensation			7,574
Other comprehensive income (loss)			(451)
Net income	$ (9,356)	$ (5,719)	11,074	$ 1,399
Balance	1,349,168	$ 1,219,985	1,349,168	$ 1,219,985
Common Stock [Member]
Balance			$ 598
Balance (in shares)			59,890,885
Issuance of common stock, net of shares withheld for taxes			$ 4
Issuance of common stock, net of shares withheld for taxes (Shares)			364,435
Stock-based compensation			$ 0
Other comprehensive income (loss)			0
Net income			0
Balance	$ 602		$ 602
Balance (in shares)	60,255,320		60,255,320
Additional Paid-in Capital [Member]
Balance			$ 694,564
Issuance of common stock, net of shares withheld for taxes			7,140
Stock-based compensation			7,574
Other comprehensive income (loss)			0
Net income			0
Balance	$ 709,278		709,278
Retained Earnings [Member]
Balance			647,322
Issuance of common stock, net of shares withheld for taxes			0
Stock-based compensation			0
Other comprehensive income (loss)			0
Net income			11,074
Balance	658,396		658,396
Accumulated Other Comprehensive Loss [Member]
Balance			(18,657)
Issuance of common stock, net of shares withheld for taxes			0
Stock-based compensation			0
Other comprehensive income (loss)			(451)
Net income			0
Balance	$ (19,108)		$ (19,108)

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Foreign Currency Translation
Beginning balance			$ (18,269)
Other comprehensive loss before reclassifications			(839)
Reclassifications out of other comprehensive loss			0
Ending balance	$ (19,108)		(19,108)
Derivative Financial Instruments
Beginning balance			(388)
Other comprehensive loss before reclassifications			0
Reclassifications out of other comprehensive loss			388
Ending balance	0		0
Accumulated Other Comprehensive Loss
Beginning balance			(18,657)
Other comprehensive income before reclassifications	813	$ 4,226	(839)	$ 1,757
Reclassifications out of other comprehensive loss			388
Ending balance	$ (19,108)	$ (18,162)	$ (19,108)	$ (18,162)

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - shares	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Common Stock (Voting), Shares Authorized	100,000,000	100,000,000	100,000,000
Undesignated Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000
Common Stock (Voting), Issued	60,255,320	59,890,885	59,521,648
Common Stock, Shares, Outstanding	60,255,320	59,890,885	59,521,648
Undesignated Preferred Stock, Outstanding	0	0	0

Stock-based Compensation (Detai

Stock-based Compensation (Details)	6 Months Ended
	Mar. 31, 2017
Risk-free interest rate	1.97%
Expected volatility	28.83%
Expected life (in years)	5 years 3 months 18 days
Dividend yield	0.00%

Stock-based Compensation (Det39

Stock-based Compensation (Details 1) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended	12 Months Ended
		Mar. 31, 2017	Sep. 30, 2016
Options Outstanding
Balance as of September 30, 2016		2,312,789
Granted		245,818
Exercised		(316,827)
Canceled		(22,271)
Balance as of March 31, 2017		2,219,509	2,312,789
Vested and expected to vest after March 31, 2017		2,167,911
Exercisable as of March 31, 2017		1,487,885
Weighted-Average Exercise Price
Balance as of September 30, 2016		$ 25.55
Granted		47.4
Exercised		21.2
Canceled		24.19
Balance as of March 31, 2017		28.6	$ 25.55
Vested and expected to vest after March 31, 2017		28.51
Exercisable as of March 31, 2017		$ 25.4
Weighted-Average Remaining Contractual Life
Balance		6 years 6 months	6 years 3 months 18 days
Vested and expected to vest after March 31, 2017		6 years 6 months
Exercisable as of March 31, 2017		5 years 4 months 24 days
Aggregate Intrinsic Value
Balance	[1]	$ 45,630	$ 38,225
Vested and expected to vest after March 31, 2017	[1]	44,759
Exercisable as of March 31, 2017	[1]	$ 35,350
[1]	Aggregate intrinsic value as represents the difference between the closing fair value of the underlying common stock and the exercise price of outstanding, in-the-money options on the date of measurement

Stock-based Compensation (Det40

Stock-based Compensation (Details 2) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Weighted-average fair value of stock options granted	$ 14.21	$ 12.89
Total fair value of stock options vested	$ 4,998	$ 11,020
Total intrinsic value of stock options exercised	$ 7,906	$ 14,415

Stock-based Compensation (Det41

Stock-based Compensation (Details 3) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Mar. 31, 2017$ / sharesshares
Outstanding
Balance as of September 30, 2016 | shares	705,434
Granted | shares	267,042
Released | shares	(65,651)
Forfeited | shares	(7,463)
Balance at March 31, 2017 | shares	899,362
Vested and expected to vest after March 31,2017 | shares	832,557
Weighted - Average Grant Date Fair Value
Balance at September 30, 2016 | $ / shares	$ 34.55
Granted | $ / shares	47.28
Released | $ / shares	36.33
Forfeited | $ / shares	44.53
Balance at March 31, 2017 | $ / shares	38.27
Vested and expected to vest after March 31,2017 | $ / shares	$ 38.27

Stock-based Compensation (Det42

Stock-based Compensation (Details 4) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-Based Compensation Arrangement By Share-Based Payment Award [Line Items]
Total fair value of RSUs released	$ 2,385	$ 369
Total intrinsic value of RSUs released	$ 3,071	$ 403

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Feb. 09, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation number of shares authorized					5,000,000
Stock-based compensation number of shares available for awards	4,051,683		4,051,683
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares that will vest			100.00%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 1.3	$ 1.6	$ 2.6	$ 7.7
Non Qualified Options Expire			10 years
Total unrecognized compensation cost related to unvested stock	7		$ 7
Total unrecognized compensation cost related to unvested stock, expected weighted-average period of recognition			2 years 1 month 6 days
Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares that will vest			150.00%
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares that will vest			0.00%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	2.5	$ 1.9	$ 5	$ 3
Total unrecognized compensation cost related to unvested stock	$ 17.5		$ 17.5
Total unrecognized compensation cost related to unvested stock, expected weighted-average period of recognition			2 years 1 month 6 days

Goodwill and Intangible Asset44

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Beginning balance	$ 1,197,565	$ 496,415
Acquisition of RSG	31,005	617,634
Other acquisitions		47,608
Translation and other adjustments	(511)	(882)
Ending balance	$ 1,228,059	$ 1,160,775

Goodwill and Intangible Asset45

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands		6 Months Ended
		Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Amortizable intangible assets [Line Items]
Total amortizable intangible assets		$ 592,482	$ 576,648	$ 549,195
Less: Accumulated amortization		(226,025)	(185,674)	(149,663)
Total amortizable intangible assets, net		366,457	390,974	399,532
Indefinite lived trademarks		73,050	73,050	73,050
Total intangibles, net		439,507	464,024	472,582
Noncompete Agreements [Member]
Amortizable intangible assets [Line Items]
Total amortizable intangible assets		$ 2,824	3,324	2,824
Finite-Lived Intangible Asset, Useful Life	[1]	3 years 7 months 10 days
Customer Relationships [Member]
Amortizable intangible assets [Line Items]
Total amortizable intangible assets		$ 582,028	566,964	541,161
Finite-Lived Intangible Asset, Useful Life	[1]	17 years 10 months 28 days
Trademarks [Member]
Amortizable intangible assets [Line Items]
Total amortizable intangible assets		$ 6,670	5,400	4,600
Finite-Lived Intangible Asset, Useful Life	[1]	6 years 7 months 6 days
Beneficial Lease Arrangements [Member]
Amortizable intangible assets [Line Items]
Total amortizable intangible assets		$ 960	$ 960	$ 610
Finite-Lived Intangible Asset, Useful Life	[1]	10 years 4 months 24 days
[1]	As of March 31, 2017

Goodwill and Intangible Asset46

Goodwill and Intangible Assets (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Year Ending September 30,
2017 (Apr - Sept)	$ 40,750
2,018	67,713
2,019	55,112
2,020	44,527
2,021	35,378
Thereafter	122,977
Total amortizable intangible assets, net	$ 366,457	$ 390,974	$ 399,532

Goodwill and Intangible Asset47

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended		12 Months Ended
		Mar. 31, 2017	[1]	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Goodwill And Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 20.3		$ 17.1	$ 40.4	$ 32.3
Finite-lived Intangible Assets Acquired					$ 15.9
Indefinite-lived Intangible Assets Acquired							$ 442.6
Customer Relationships [Member]
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	[2]				17 years 10 months 28 days
Finite-lived Intangible Assets Acquired							375
Trade Names [Member]
Goodwill And Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired							4.3
Trademarks [Member]
Goodwill And Intangible Assets [Line Items]
Indefinite-lived Intangible Assets Acquired							$ 63.3
Minimum [Member]
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					1 year
Maximum [Member]
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					20 years
Weighted Average [Member]
Goodwill And Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life					17 years 8 months 12 days
[1]	As of September 30, 2016
[2]	As of March 31, 2017

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($)		Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016	Oct. 31, 2015
Long-term debt, net of current		$ 722,101,000	$ 722,929,000	$ 722,542,000
Total obligations under equipment financing facilities other		22.2
Senior Secured Credit Facility [Member]
Total borrowings under Senior Secured Credit Facility		704,036,000	796,041,000	732,322,000
Less: current portion		(4,500,000)	(4,500,000)	(4,500,000)
Total long-term borrowings under Senior Secured Credit Facility		699,536,000	791,541,000	727,822,000
Senior Notes [Member]
Total long-term borrowings under Senior Secured Credit Facility		300,000,000			$ 300,000,000
Total	[1]	291,689,000	291,049,000	290,410,000
Less: current portion		0	0	0
Long-term debt, net of current		291,689,000	291,049,000	290,410,000
US Revolver 1 [Member] | Senior Secured Credit Facility [Member]
Total borrowings under Senior Secured Credit Facility	[2]	269,124,000	355,087,000	295,690,000
Canada Revolver 1 [Member] | Senior Secured Credit Facility [Member]
Total borrowings under Senior Secured Credit Facility	[3]	0	4,574,000	0
Term Loan 1 [Member] | Senior Secured Credit Facility [Member]
Total borrowings under Senior Secured Credit Facility	[4]	434,912,000	436,380,000	436,632,000
Equipment Financing Facilities 1 [Member]
Total obligations under equipment financing facilities other	[5]	17,949,000	20,419,000	22,855,000
Equipment Financing Facilities 2 [Member]
Total obligations under equipment financing facilities other	[6]	22,204,000	25,013,000	25,130,000
Equipment Financing Facilities [Member]
Total obligations under equipment financing facilities other		40,153,000	45,432,000	47,985,000
Less: current portion		(9,514,000)	(10,311,000)	(7,659,000)
Total long-term obligations under equipment financing facilities other		$ 30,639,000	$ 35,121,000	$ 40,326,000
[1]	Interest rate of 6.38% as of March 31, 2017, September 30, 2016 and March 31, 2016
[2]	Effective rates on borrowings are 2.97% as of March 31, 2017; 2.90% as of September 30, 2016; and 2.58% as of March 31, 2016
[3]	Effective rates on borrowings are 3.20% as of March 31, 2017, September 30, 2016 and March 31, 2016
[4]	Interest rate of 3.50% as of March 31, 2017; 3.50% as of September 30, 2016; 4.00% as of March 31, 2016
[5]	Fixed interest rates ranging from 2.33% to 3.25% as of March 31, 2017 and September 30, 2016; 2.33% to 4.49% as of March 31, 2016
[6]	Fixed interest rates ranging from 2.72% to 10.39% as of March 31, 2017, September 30, 2016, and March 31, 2016

Financing Arrangements (Detai49

Financing Arrangements (Details) (Parenthetical)	6 Months Ended
	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Senior Notes [Member]
Line of Credit Facility, Interest Rate at Period End	6.38%	6.38%	6.38%
Line of Credit Facility, Expiration Date	Oct. 1, 2023
US Revolver 1 [Member]
Line of Credit Facility, Interest Rate at Period End	2.97%	2.90%	2.58%
Line of Credit Facility, Expiration Date	Oct. 1, 2020
Canada Revolver 1 [Member]
Line of Credit Facility, Interest Rate at Period End	3.20%	3.20%	3.20%
Line of Credit Facility, Expiration Date	Oct. 1, 2020
Term Loan 1 [Member]
Line of Credit Facility, Interest Rate at Period End	3.50%	3.50%	4.00%
Line of Credit Facility, Expiration Date	Oct. 1, 2022
Equipment Financing Facilities 1 [Member]
Line of Credit Facility, Expiration Date	Sep. 1, 2021
Equipment Financing Facilities 1 [Member] | Maximum [Member]
Line of Credit Facility, Interest Rate at Period End	3.25%	3.25%	4.49%
Equipment Financing Facilities 1 [Member] | Minimum [Member]
Line of Credit Facility, Interest Rate at Period End	2.33%	2.33%	2.33%
Equipment Financing Facilities 2 [Member]
Line of Credit Facility, Expiration Date	Nov. 1, 2021
Equipment Financing Facilities 2 [Member] | Maximum [Member]
Line of Credit Facility, Interest Rate at Period End	10.39%	10.39%	10.39%
Equipment Financing Facilities 2 [Member] | Minimum [Member]
Line of Credit Facility, Interest Rate at Period End	2.72%	2.72%	2.72%

Financing Arrangements - Additi

Financing Arrangements - Additional Information (Details) - USD ($)		Oct. 02, 2015	Oct. 31, 2015	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Line of credit facility, unused fees					0.25%
Debt instrument, amount outstanding				$ 10,400,000	$ 10,400,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,450,000,000
Debt Related Commitment Fees and Debt Issuance Costs					22,900,000	$ 28,700,000	$ 25,200,000
Amortization of Debt Issuance Costs							1,600,000
Payments of Financing Costs, Total					0	27,813,000
Capitalized Costs, Support Equipment and Facilities				17.9	17.9
Capital Lease Obligations				22.2	22.2
Roofing Supply Group [Member]
Payments of Financing Costs, Total			$ 31,300,000
Revolving Credit Facility [Member]
Long-term Line of Credit				$ 269,100,000	$ 269,100,000
Line of Credit Facility, Interest Rate at Period End		2.97%
Debt Instrument, Maturity Date		Oct. 1, 2022
Debt Instrument, Covenant Description					There is one financial covenant under the ABL, which is a Consolidated Fixed Charge Ratio. The Consolidated Fixed Charge Ratio is calculated by dividing consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) by Consolidated Fixed Charges (as defined in the agreement). Per the covenant, the Companys Consolidated Fixed Charge Ratio must be a minimum of 1.00 at the end of each fiscal quarter, calculated on a trailing four quarter basis. The covenant is only applicable when the borrowing availability is less than 10% of the maximum loan cap or $60.0million.
ABL Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 700,000,000				700,000,000
Proceeds from Lines of Credit		350,000,000
Senior Notes [Member]
Line of Credit Facility, Interest Rate at Period End				6.38%	6.38%
Long-term Debt, Total	[1]			$ 291,689,000	$ 291,689,000	$ 290,410,000	$ 291,049,000
Senior Notes Payable, Net Of Current Portion			$ 300,000,000	300,000,000	$ 300,000,000
Debt Instrument, Maturity Date					Oct. 1, 2023
Senior Notes [Member] | New Senior Credit Facilities [Member]
Gains (Losses) on Extinguishment of Debt					$ 800,000
Debt Related Commitment Fees and Debt Issuance Costs					2,200,000
Term Loan B Facility [Member]
Long-term Line of Credit		450,000,000
Long-term Debt, Total		$ 450,000,000
Term Loan [Member]
Long-term Debt, Total				$ 434,900,000	$ 434,900,000
Debt Instrument, Maturity Date		Oct. 1, 2020
Debt Instrument, Description Of Change In Interest Rate					lowering the LIBOR floor by 25 basis points and lowering the spread by 25 basis points
Debt Instrument, Frequency of Periodic Payment					quarterly
Debt Instrument, Periodic Payment		$ 1,100,000
Maximum [Member]
Percentage of Fixed Interest Rate of Equipment Financing Facilities				3.25%
Capital Leases of Lessor, Contingent Rentals, Basis Spread on Variable Rate				10.39%	10.39%
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate, Stated Percentage				4.50%	4.50%
Minimum [Member]
Percentage of Fixed Interest Rate of Equipment Financing Facilities				2.33%
Capital Leases of Lessor, Contingent Rentals, Basis Spread on Variable Rate				2.72%	2.72%
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument, Interest Rate, Stated Percentage				2.39%	2.39%
US Revolver [Member]
Long-term Line of Credit		670,000,000
Line of Credit Facility, Interest Rate at Period End						2.58%
Canada Revolver [Member]
Long-term Line of Credit		$ 30,000,000
[1]	Interest rate of 6.38% as of March 31, 2017, September 30, 2016 and March 31, 2016

Commitments and Contingencies A

Commitments and Contingencies Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Operating Leases, Rent Expense, Net, Total	$ 14.7	$ 14.6	$ 28.9	$ 30.6

Geographic Data (Details)

Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Segment Reporting Information [Line Items]
Net sales	$ 870,724	$ 823,537	$ 1,872,908	$ 1,800,017
Long-lived assets	524,348	548,956	524,348	548,956	$ 541,054
Canada [Member]
Segment Reporting Information [Line Items]
Net sales	21,498	19,862	63,447	64,999
Long-lived assets	12,841	12,444	12,841	12,444	13,374
U.S. [Member]
Segment Reporting Information [Line Items]
Net sales	849,226	803,675	1,809,461	1,735,018
Long-lived assets	$ 511,507	$ 536,512	$ 511,507	$ 536,512	$ 527,680

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - Senior Notes [Member] - USD ($) $ in Millions	Mar. 31, 2017	Oct. 31, 2015
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Senior Notes Payable, Net Of Current Portion	$ 300	$ 300
Fair Value, Inputs, Level 2 [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Senior Notes Payable, Net Of Current Portion	300
Long-term Debt, Fair Value	$ 321

Supplemental Guarantor Inform54

Supplemental Guarantor Information (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 10,012	$ 31,386	$ 14,841	$ 45,661
Accounts receivable, net	506,386	626,965	490,850
Inventories, net	580,889	480,736	513,750
Prepaid expenses and other current assets	217,389	163,103	164,625
Total current assets	1,314,676	1,302,190	1,184,066
Intercompany receivable, net	0	0	0
Investments in consolidated subsidiaries	0	0	0
Deferred income taxes, net	0	0	0	31,900
Property and equipment, net	156,380	148,569	147,994
Goodwill	1,228,059	1,197,565	1,160,775	$ 496,415
Intangibles, net	439,507	464,024	472,582
Other assets, net	1,511	1,511	1,430
Total Assets	3,140,133	3,113,859	2,966,847
Current liabilities:
Accounts payable	486,328	360,915	417,994
Accrued expenses	131,264	161,113	152,692
Current portions of long-term debt	14,014	14,811	12,159
Total current liabilities	631,606	536,839	582,845
Intercompany payable, net	0	0	0
Borrowings under revolving lines of credit, net	269,124	359,661	295,690
Long-term debt, net	722,101	722,929	722,542
Deferred income taxes, net	137,495	135,482	102,878
Long-term obligations under equipment financing and other, net	30,639	35,121	42,907
Total liabilities	1,790,965	1,790,032	1,746,862
Total stockholders' equity	1,349,168	1,323,827	1,219,985
Total Liabilities and Stockholders' Equity	3,140,133	3,113,859	2,966,847
Parent Company [Member]
Current assets:
Cash and cash equivalents	0	0	0
Accounts receivable, net	0	0	0
Inventories, net	0	0	0
Prepaid expenses and other current assets	28,952	3,527	16,474
Total current assets	28,952	3,527	16,474
Intercompany receivable, net	0	0	0
Investments in consolidated subsidiaries	2,959,542	2,891,677	2,716,780
Deferred income taxes, net	57,419	59,567	17,403
Property and equipment, net	5,614	4,626	3,740
Goodwill	0	0	0
Intangibles, net	0	0	0
Other assets, net	1,242	1,242	1,233
Total Assets	3,052,769	2,960,639	2,755,630
Current liabilities:
Accounts payable	27,209	26,630	34,045
Accrued expenses	26,226	42,594	10,390
Current portions of long-term debt	4,500	4,500	4,500
Total current liabilities	57,935	73,724	48,935
Intercompany payable, net	923,565	840,159	764,168
Borrowings under revolving lines of credit, net	0	0	0
Long-term debt, net	722,101	722,929	722,542
Deferred income taxes, net	0	0	0
Long-term obligations under equipment financing and other, net	0	0	0
Total liabilities	1,703,601	1,636,812	1,535,645
Total stockholders' equity	1,349,168	1,323,827	1,219,985
Total Liabilities and Stockholders' Equity	3,052,769	2,960,639	2,755,630
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	24,181	37,447	28,831
Accounts receivable, net	490,724	593,395	476,860
Inventories, net	556,463	460,516	483,582
Prepaid expenses and other current assets	184,764	153,681	145,102
Total current assets	1,256,132	1,245,039	1,134,375
Intercompany receivable, net	961,450	878,931	802,015
Investments in consolidated subsidiaries	0	0	0
Deferred income taxes, net	0	0	0
Property and equipment, net	140,918	133,897	135,511
Goodwill	1,198,805	1,167,905	1,130,818
Intangibles, net	436,513	460,696	468,881
Other assets, net	269	269	197
Total Assets	3,994,087	3,886,737	3,671,797
Current liabilities:
Accounts payable	468,144	329,895	392,032
Accrued expenses	103,045	114,016	137,378
Current portions of long-term debt	9,514	10,311	7,659
Total current liabilities	580,703	454,222	537,069
Intercompany payable, net	0	0	0
Borrowings under revolving lines of credit, net	269,124	355,087	295,690
Long-term debt, net	0	0	0
Deferred income taxes, net	194,556	194,556	119,855
Long-term obligations under equipment financing and other, net	30,593	35,074	42,860
Total liabilities	1,074,976	1,038,939	995,474
Total stockholders' equity	2,919,111	2,847,798	2,676,323
Total Liabilities and Stockholders' Equity	3,994,087	3,886,737	3,671,797
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,946	2,876	4,689
Accounts receivable, net	15,437	34,710	15,130
Inventories, net	24,426	20,220	30,168
Prepaid expenses and other current assets	3,673	5,895	3,049
Total current assets	45,482	63,701	53,036
Intercompany receivable, net	0	0	0
Investments in consolidated subsidiaries	0	0	0
Deferred income taxes, net	0	0	0
Property and equipment, net	9,848	10,046	8,743
Goodwill	29,254	29,660	29,957
Intangibles, net	2,994	3,328	3,701
Other assets, net	0	0	0
Total Assets	87,578	106,735	95,437
Current liabilities:
Accounts payable	6,865	14,467	11,736
Accrued expenses	1,993	4,503	4,924
Current portions of long-term debt	0	0	0
Total current liabilities	8,858	18,970	16,660
Intercompany payable, net	37,885	38,772	37,847
Borrowings under revolving lines of credit, net	0	4,574	0
Long-term debt, net	0	0	0
Deferred income taxes, net	358	493	426
Long-term obligations under equipment financing and other, net	46	47	47
Total liabilities	47,147	62,856	54,980
Total stockholders' equity	40,431	43,879	40,457
Total Liabilities and Stockholders' Equity	87,578	106,735	95,437
Eliminations and Other [Member]
Current assets:
Cash and cash equivalents	(16,115)	(8,937)	(18,679)
Accounts receivable, net	225	(1,140)	(1,140)
Inventories, net	0	0	0
Prepaid expenses and other current assets	0	0	0
Total current assets	(15,890)	(10,077)	(19,819)
Intercompany receivable, net	(961,450)	(878,931)	(802,015)
Investments in consolidated subsidiaries	(2,959,542)	(2,891,677)	(2,716,780)
Deferred income taxes, net	(57,419)	(59,567)	(17,403)
Property and equipment, net	0	0	0
Goodwill	0	0	0
Intangibles, net	0	0	0
Other assets, net	0	0	0
Total Assets	(3,994,301)	(3,840,252)	(3,556,017)
Current liabilities:
Accounts payable	(15,890)	(10,077)	(19,819)
Accrued expenses	0	0	0
Current portions of long-term debt	0	0	0
Total current liabilities	(15,890)	(10,077)	(19,819)
Intercompany payable, net	(961,450)	(878,931)	(802,015)
Borrowings under revolving lines of credit, net	0	0	0
Long-term debt, net	0	0	0
Deferred income taxes, net	(57,419)	(59,567)	(17,403)
Long-term obligations under equipment financing and other, net	0	0	0
Total liabilities	(1,034,759)	(948,575)	(839,237)
Total stockholders' equity	(2,959,542)	(2,891,677)	(2,716,780)
Total Liabilities and Stockholders' Equity	$ (3,994,301)	$ (3,840,252)	$ (3,556,017)

Supplemental Guarantor Inform55

Supplemental Guarantor Information (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Net sales	$ 870,724	$ 823,537	$ 1,872,908	$ 1,800,017
Cost of products sold	666,247	627,773	1,417,364	1,371,065
Gross profit	204,477	195,764	455,544	428,952
Operating expense	207,533	191,881	411,643	398,225
Intercompany charges (income)	0	0	0	0
Income (loss) from operations	(3,056)	3,883	43,901	30,727
Interest expense, financing costs, and other	12,268	13,026	25,842	29,282
Intercompany interest expense (income)	0	0	0	0
Income (loss) before provision for income taxes	(15,324)	(9,143)	18,059	1,445
Provision for (benefit from) income taxes	(5,968)	(3,424)	6,985	46
Income (loss) before equity in net income of subsidiaries	(9,356)	(5,719)	11,074	1,399
Equity in net loss of subsidiaries	0	0	0	0
Net income (loss)	$ (9,356)	$ (5,719)	$ 11,074	$ 1,399
Weighted-average common stock outstanding:
Basic	60,141,580	59,295,990	60,041,332	59,133,569
Diluted	60,141,580	59,295,990	61,069,938	60,077,852
Net income (loss) per share:
Basic	$ (0.16)	$ (0.10)	$ 0.18	$ 0.02
Diluted	$ (0.16)	$ (0.10)	$ 0.18	$ 0.02
Parent Company [Member]
Net sales	$ 0	$ 0	$ 0	$ 0
Cost of products sold	0	0	0	0
Gross profit	0	0	0	0
Operating expense	7,010	27,987	15,656	59,159
Intercompany charges (income)	(12,555)	(17,593)	(24,508)	(25,440)
Income (loss) from operations	5,545	(10,394)	8,852	(33,719)
Interest expense, financing costs, and other	3,983	4,763	19,337	14,637
Intercompany interest expense (income)	(5,089)	(4,795)	(10,682)	(8,721)
Income (loss) before provision for income taxes	6,651	(10,362)	197	(39,635)
Provision for (benefit from) income taxes	2,444	(11,141)	(410)	(20,873)
Income (loss) before equity in net income of subsidiaries	4,207	779	607	(18,762)
Equity in net loss of subsidiaries	(13,563)	(6,498)	10,467	20,161
Net income (loss)	(9,356)	(5,719)	11,074	1,399
Guarantor Subsidiaries [Member]
Net sales	849,226	803,781	1,809,461	1,735,265
Cost of products sold	649,595	612,646	1,368,129	1,321,029
Gross profit	199,631	191,135	441,332	414,236
Operating expense	193,448	157,398	380,521	324,412
Intercompany charges (income)	11,993	16,270	23,392	23,456
Income (loss) from operations	(5,810)	17,467	37,419	66,368
Interest expense, financing costs, and other	8,003	8,267	5,458	14,505
Intercompany interest expense (income)	5,089	4,412	10,682	7,949
Income (loss) before provision for income taxes	(18,902)	4,788	21,279	43,914
Provision for (benefit from) income taxes	(7,568)	8,663	8,334	21,670
Income (loss) before equity in net income of subsidiaries	(11,334)	(3,875)	12,945	22,244
Equity in net loss of subsidiaries	0	0	0	0
Net income (loss)	(11,334)	(3,875)	12,945	22,244
Non-Guarantor Subsidiaries [Member]
Net sales	21,498	19,862	63,447	64,999
Cost of products sold	16,652	15,233	49,235	50,283
Gross profit	4,846	4,629	14,212	14,716
Operating expense	7,075	6,496	15,466	14,654
Intercompany charges (income)	562	1,323	1,116	1,984
Income (loss) from operations	(2,791)	(3,190)	(2,370)	(1,922)
Interest expense, financing costs, and other	282	(4)	1,047	140
Intercompany interest expense (income)	0	383	0	772
Income (loss) before provision for income taxes	(3,073)	(3,569)	(3,417)	(2,834)
Provision for (benefit from) income taxes	(844)	(946)	(939)	(751)
Income (loss) before equity in net income of subsidiaries	(2,229)	(2,623)	(2,478)	(2,083)
Equity in net loss of subsidiaries	0	0	0	0
Net income (loss)	(2,229)	(2,623)	(2,478)	(2,083)
Eliminations and Other [Member]
Net sales	0	(106)	0	(247)
Cost of products sold	0	(106)	0	(247)
Gross profit	0	0	0	0
Operating expense	0	0	0	0
Intercompany charges (income)	0	0	0	0
Income (loss) from operations	0	0	0	0
Interest expense, financing costs, and other	0	0	0	0
Intercompany interest expense (income)	0	0	0	0
Income (loss) before provision for income taxes	0	0	0	0
Provision for (benefit from) income taxes	0	0	0	0
Income (loss) before equity in net income of subsidiaries	0	0	0	0
Equity in net loss of subsidiaries	13,563	6,498	(10,467)	(20,161)
Net income (loss)	$ 13,563	$ 6,498	$ (10,467)	$ (20,161)

Supplemental Guarantor Inform56

Supplemental Guarantor Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Net income (loss)	$ (9,356)	$ (5,719)	$ 11,074	$ 1,399
Other comprehensive income:
Foreign currency translation adjustment	813	4,226	(839)	1,757
Total other comprehensive income (loss)	813	4,226	(839)	1,757
Comprehensive income (loss)	(8,543)	(1,493)	10,235	3,156
Parent Company [Member]
Net income (loss)	(9,356)	(5,719)	11,074	1,399
Other comprehensive income:
Foreign currency translation adjustment	813	4,226	(839)	1,757
Total other comprehensive income (loss)	813	4,226	(839)	1,757
Comprehensive income (loss)	(8,543)	(1,493)	10,235	3,156
Guarantor Subsidiaries [Member]
Net income (loss)	(11,334)	(3,875)	12,945	22,244
Other comprehensive income:
Foreign currency translation adjustment	0	0	0	0
Total other comprehensive income (loss)	0	0	0	0
Comprehensive income (loss)	(11,334)	(3,875)	12,945	22,244
Non-Guarantor Subsidiaries [Member]
Net income (loss)	(2,229)	(2,623)	(2,478)	(2,083)
Other comprehensive income:
Foreign currency translation adjustment	813	4,226	(839)	1,757
Total other comprehensive income (loss)	813	4,226	(839)	1,757
Comprehensive income (loss)	(1,416)	1,603	(3,317)	(326)
Eliminations and Other [Member]
Net income (loss)	13,563	6,498	(10,467)	(20,161)
Other comprehensive income:
Foreign currency translation adjustment	(813)	(4,226)	839	(1,757)
Total other comprehensive income (loss)	(813)	(4,226)	839	(1,757)
Comprehensive income (loss)	$ 12,750	$ 2,272	$ (9,628)	$ (21,918)

Supplemental Guarantor Inform57

Supplemental Guarantor Information (Details 3) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net cash provided by (used in) operating activities	$ 150,443	$ 80,652
Investing Activities
Purchases of property and equipment	(24,231)	(11,059)
Acquisition of businesses	(58,359)	(941,156)
Proceeds from the sale of assets	1,285	377
Intercompany activity	0	0
Net cash provided by (used in) investing activities	(81,305)	(951,838)
Financing Activities
Borrowings under revolving lines of credit	857,099	1,017,128
Repayments under revolving lines of credit	(948,470)	(724,855)
Borrowings under term loan	0	450,000
Repayments under term loan	(1,125)	(187,875)
Borrowings under Senior Notes	0	300,000
Borrowings under equipment financing facilities and other	1,579	0
Repayments under equipment financing facilities and other	(6,857)	(2,633)
Payment of deferred financing costs	0	(27,813)
Proceeds from issuance of common stock	7,840	15,391
Taxes paid related to net share settlement of equity awards	(697)	0
Excess tax benefit from stock-based compensation	0	1,630
Intercompany activity	0	0
Net cash provided by (used in) financing activities	(90,631)	840,973
Effect of exchange rate changes on cash and cash equivalents	119	(607)
Net decrease in cash and cash equivalents	(21,374)	(30,820)
Cash and cash equivalents, beginning of period	31,386	45,661
Cash and cash equivalents, end of period	10,012	14,841
Parent Company [Member]
Net cash provided by (used in) operating activities	(29,347)	(41,213)
Investing Activities
Purchases of property and equipment	(1,709)	(1,507)
Acquisition of businesses	(58,359)	(941,156)
Proceeds from the sale of assets	0	0
Intercompany activity	83,397	423,620
Net cash provided by (used in) investing activities	23,329	(519,043)
Financing Activities
Borrowings under revolving lines of credit	0	0
Repayments under revolving lines of credit	0	0
Borrowings under term loan		450,000
Repayments under term loan	(1,125)	(187,875)
Borrowings under Senior Notes		300,000
Borrowings under equipment financing facilities and other	0
Repayments under equipment financing facilities and other	0	0
Payment of deferred financing costs		(18,890)
Proceeds from issuance of common stock	7,840	15,391
Taxes paid related to net share settlement of equity awards	(697)
Excess tax benefit from stock-based compensation		1,630
Intercompany activity	0	0
Net cash provided by (used in) financing activities	6,018	560,256
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	181,847	127,076
Investing Activities
Purchases of property and equipment	(21,742)	(9,093)
Acquisition of businesses	0	0
Proceeds from the sale of assets	1,274	377
Intercompany activity	0	0
Net cash provided by (used in) investing activities	(20,468)	(8,716)
Financing Activities
Borrowings under revolving lines of credit	852,583	1,017,128
Repayments under revolving lines of credit	(939,438)	(713,407)
Borrowings under term loan		0
Repayments under term loan	0	0
Borrowings under Senior Notes		0
Borrowings under equipment financing facilities and other	1,579
Repayments under equipment financing facilities and other	(6,857)	(2,633)
Payment of deferred financing costs		(8,923)
Proceeds from issuance of common stock	0	0
Taxes paid related to net share settlement of equity awards	0
Excess tax benefit from stock-based compensation		0
Intercompany activity	(82,512)	(424,510)
Net cash provided by (used in) financing activities	(174,645)	(132,345)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(13,266)	(13,985)
Cash and cash equivalents, beginning of period	37,447	42,816
Cash and cash equivalents, end of period	24,181	28,831
Non-Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	5,121	9,262
Investing Activities
Purchases of property and equipment	(780)	(459)
Acquisition of businesses	0	0
Proceeds from the sale of assets	11	0
Intercompany activity	0	0
Net cash provided by (used in) investing activities	(769)	(459)
Financing Activities
Borrowings under revolving lines of credit	4,516	0
Repayments under revolving lines of credit	(9,032)	(11,448)
Borrowings under term loan		0
Repayments under term loan	0	0
Borrowings under Senior Notes		0
Borrowings under equipment financing facilities and other	0
Repayments under equipment financing facilities and other	0	0
Payment of deferred financing costs		0
Proceeds from issuance of common stock	0	0
Taxes paid related to net share settlement of equity awards	0
Excess tax benefit from stock-based compensation		0
Intercompany activity	(885)	890
Net cash provided by (used in) financing activities	(5,401)	(10,558)
Effect of exchange rate changes on cash and cash equivalents	119	(607)
Net decrease in cash and cash equivalents	(930)	(2,362)
Cash and cash equivalents, beginning of period	2,876	7,051
Cash and cash equivalents, end of period	1,946	4,689
Eliminations and Other [Member]
Net cash provided by (used in) operating activities	(7,178)	(14,473)
Investing Activities
Purchases of property and equipment	0	0
Acquisition of businesses	0	0
Proceeds from the sale of assets	0	0
Intercompany activity	(83,397)	(423,620)
Net cash provided by (used in) investing activities	(83,397)	(423,620)
Financing Activities
Borrowings under revolving lines of credit	0	0
Repayments under revolving lines of credit	0	0
Borrowings under term loan		0
Repayments under term loan	0	0
Borrowings under Senior Notes		0
Borrowings under equipment financing facilities and other	0
Repayments under equipment financing facilities and other	0	0
Payment of deferred financing costs		0
Proceeds from issuance of common stock	0	0
Taxes paid related to net share settlement of equity awards	0
Excess tax benefit from stock-based compensation		0
Intercompany activity	83,397	423,620
Net cash provided by (used in) financing activities	83,397	423,620
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	(7,178)	(14,473)
Cash and cash equivalents, beginning of period	(8,937)	(4,206)
Cash and cash equivalents, end of period	$ (16,115)	$ (18,679)

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - Lowrys Inc [Member] - Subsequent Event [Member] $ in Millions	May 01, 2017USD ($)
Number Of Branches	11
Revenues	$ 76