XML 70 R30.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Investments in and Advances to Unconsolidated Entities (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2014
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Condensed balance sheet aggregated by type of business | Condensed Balance Sheets:
| October 31, 2014
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Cash and cash equivalents | $ | 31,968 |  |  | $ | 21,821 |  |  | $ | 33,040 |  |  | $ | 23,462 |  |  | $ | 110,291 |
Inventory | 258,092 |  |  | 465,144 |  |  |  |  |  |  |  | 723,236 |
Non-performing loan portfolio |  |  |  |  |  |  | 57,641 |  |  | 57,641 |
Rental properties |  |  |  |  | 140,238 |  |  |  |  | 140,238 |
Rental properties under development |  |  |  |  | 327,315 |  |  |  |  |  | 327,315 |
Real estate owned (“REO”) |  |  |  |  |  |  |  | 184,753 |  |  | 184,753 |
Other assets (1) | 30,166 |  |  | 75,164 |  |  | 14,333 |  |  | 77,986 |  |  | 197,649 |
Total assets | $ | 320,226 |  |  | $ | 562,129 |  |  | $ | 514,926 |  |  | $ | 343,842 |  |  | $ | 1,741,123 |
Debt (1) | $ | 102,042 |  |  | $ | 8,713 |  |  | $ | 333,128 |  |  | $ | 77,950 |  |  | $ | 521,833 |
Other liabilities | 23,854 |  |  | 56,665 |  |  | 43,088 |  |  | 177 |  |  | 123,784 |
Members’ equity | 194,330 |  |  | 496,751 |  |  | 138,710 |  |  | 106,298 |  |  | 936,089 |
Noncontrolling interest |  |  |  |  |  |  | 159,417 |  |  | 159,417 |
Total liabilities and equity | $ | 320,226 |  |  | $ | 562,129 |  |  | $ | 514,926 |  |  | $ | 343,842 |  |  | $ | 1,741,123 |
Company’s net investment in unconsolidated entities (2) | $ | 140,221 |  |  | $ | 189,509 |  |  | $ | 97,353 |  |  | $ | 19,995 |  |  | $ | 447,078 |
| October 31, 2013
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Cash and cash equivalents | $ | 30,826 |  |  | $ | 31,164 |  |  | $ | 35,014 |  |  | $ | 40,097 |  |  | $ | 137,101 |
Inventory | 350,150 |  |  | 338,814 |  |  | 4,998 |  |  |  |  | 693,962 |
Non-performing loan portfolio |  |  |  |  |  |  | 107,411 |  |  | 107,411 |
Rental properties |  |  |  |  | 164,325 |  |  |  |  | 164,325 |
Rental properties under development |  |  |  |  | 133,081 |  |  |  |  |  | 133,081 |
Real estate owned (“REO”) |  |  |  |  |  |  |  | 202,259 |  |  | 202,259 |
Other assets (1) | 12,700 |  |  | 70,180 |  |  | 18,526 |  |  | 155,921 |  |  | 257,327 |
Total assets | $ | 393,676 |  |  | $ | 440,158 |  |  | $ | 355,944 |  |  | $ | 505,688 |  |  | $ | 1,695,466 |
Debt (1) | $ | 135,200 |  |  | $ | 11,977 |  |  | $ | 235,226 |  |  | $ | 155,900 |  |  | $ | 538,303 |
Other liabilities | 21,015 |  |  | 19,636 |  |  | 9,461 |  |  | 379 |  |  | 50,491 |
Members’ equity | 237,461 |  |  | 408,545 |  |  | 111,257 |  |  | 139,764 |  |  | 897,027 |
Noncontrolling interest |  |  |  |  |  |  | 209,645 |  |  | 209,645 |
Total liabilities and equity | $ | 393,676 |  |  | $ | 440,158 |  |  | $ | 355,944 |  |  | $ | 505,688 |  |  | $ | 1,695,466 |
Company’s net investment in unconsolidated entities (2) | $ | 142,448 |  |  | $ | 166,271 |  |  | $ | 68,711 |  |  | $ | 25,703 |  |  | $ | 403,133 |
(1) | Included in other assets at October 31, 2014 and 2013, of the Structured Asset Joint Venture are $78.0 million and $155.9 million, respectively, of restricted cash held in a defeasance account that will be used to repay debt of the Structured Asset Joint Venture.
(2) | Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a land development joint venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity, impairments related to our investment in unconsolidated entities, a loan made to one of the entities by us, interest capitalized on our investment, the estimated fair value of the guarantees provided to the joint ventures, and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations aggregate by type of business | Condensed Statements of Operations and Comprehensive Income:
| For the year ended October 31, 2014
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 136,949 |  |  | $ | 54,923 |  |  | $ | 32,875 |  |  | $ | 8,023 |  |  | $ | 232,770 |
Cost of revenues | 73,628 |  |  | 53,221 |  |  | 14,250 |  |  | 14,152 |  |  | 155,251 |
Other expenses | 730 |  |  | 5,165 |  |  | 35,003 |  |  | 1,585 |  |  | 42,483 |
Total expenses | 74,358 |  |  | 58,386 |  |  | 49,253 |  |  | 15,737 |  |  | 197,734 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 30,420 |  |  | 30,420 |
Income (loss) from operations | 62,591 |  |  | (3,463 | ) |  | (16,378 | ) |  | 22,706 |  |  | 65,456 |
Other income | 66 |  |  | 105 |  |  | 45,933 |  |  | 3,121 |  |  | 49,225 |
Net income (loss) | 62,657 |  |  | (3,358 | ) |  | 29,555 |  |  | 25,827 |  |  | 114,681 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (15,496 | ) |  | (15,496 | )
Net income (loss) attributable to controlling interest | 62,657 |  |  | (3,358 | ) |  | 29,555 |  |  | 10,331 |  |  | 99,185 |
Other comprehensive income |  |  |  |  | 728 |  |  |  |  | 728 |
Total comprehensive income (loss) | $ | 62,657 |  |  | $ | (3,358 | ) |  | $ | 30,283 |  |  | $ | 10,331 |  |  | $ | 99,913 |
Company’s equity in earnings (losses) of unconsolidated entities (3) | $ | 1,190 |  |  | $ | (2,034 | ) |  | $ | 40,081 |  |  | $ | 1,904 |  |  | $ | 41,141 |
| For the year ended October 31, 2013
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 43,937 |  |  | $ | 40,386 |  |  | $ | 38,727 |  |  | $ | 37,492 |  |  | $ | 160,542 |
Cost of revenues | 20,142 |  |  | 36,208 |  |  | 16,704 |  |  | 30,496 |  |  | 103,550 |
Other expenses | 1,146 |  |  | 2,554 |  |  | 20,875 |  |  | 3,399 |  |  | 27,974 |
Total expenses | 21,288 |  |  | 38,762 |  |  | 37,579 |  |  | 33,895 |  |  | 131,524 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 68,323 |  |  | 68,323 |
Income from operations | 22,649 |  |  | 1,624 |  |  | 1,148 |  |  | 71,920 |  |  | 97,341 |
Other income | 11 |  |  | 571 |  |  | 86 |  |  | 329 |  |  | 997 |
Net income | 22,660 |  |  | 2,195 |  |  | 1,234 |  |  | 72,249 |  |  | 98,338 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (43,349 | ) |  | (43,349 | )
Net income attributable to controlling interest | 22,660 |  |  | 2,195 |  |  | 1,234 |  |  | 28,900 |  |  | 54,989 |
Other comprehensive income |  |  |  |  |  |  | 922 |  |  |  |  |  | 922 |
Total comprehensive income | $ | 22,660 |  |  | $ | 2,195 |  |  | $ | 2,156 |  |  | $ | 28,900 |  |  | $ | 55,911 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 3,288 |  |  | $ | 1,471 |  |  | $ | 3,965 |  |  | $ | 5,668 |  |  | $ | 14,392 |
| For the year ended October 31, 2012
| Land Develop- ment Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 39,278 |  |  | $ | 89,947 |  |  | $ | 37,035 |  |  | $ | 31,686 |  |  | $ | 197,946 |
Cost of revenues | 36,315 |  |  | 65,068 |  |  | 13,985 |  |  | 32,828 |  |  | 148,196 |
Other expenses | 1,414 |  |  | 3,477 |  |  | 21,226 |  |  | 8,646 |  |  | 34,763 |
Total expenses | 37,729 |  |  | 68,545 |  |  | 35,211 |  |  | 41,474 |  |  | 182,959 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  | 42,244 |  |  | 42,244 |
Income from operations | 1,549 |  |  | 21,402 |  |  | 1,824 |  |  | 32,456 |  |  | 57,231 |
Other income | 2,658 |  |  | 153 |  |  | 4 |  |  | 691 |  |  | 3,506 |
Net income | 4,207 |  |  | 21,555 |  |  | 1,828 |  |  | 33,147 |  |  | 60,737 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  | (19,888 | ) |  | (19,888 | )
Net income attributable to controlling interest | 4,207 |  |  | 21,555 |  |  | 1,828 |  |  | 13,259 |  |  | 40,849 |
Other comprehensive income |  |  |  |  |  |  |  |  | — |
Total comprehensive income | $ | 4,207 |  |  | $ | 21,555 |  |  | $ | 1,828 |  |  | $ | 13,259 |  |  | $ | 40,849 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 3,995 |  |  | $ | 15,303 |  |  | $ | 1,602 |  |  | $ | 2,692 |  |  | $ | 23,592 |
(3) | Differences between our equity in earnings (losses) of unconsolidated entities and the underlying net income (loss) of the entities is primarily a result of prior impairments related to our investment in unconsolidated entities, a basis difference of an acquired joint venture interest, distributions from entities in excess of the carrying amount of our net investment, and our share of the entities’ profits related to home sites purchased by us which reduces the our cost basis of the home sites acquired.

X
- Definition Equity method investment summarized statements of operations. + References No definition available. + Details
Name: | tol_EquityMethodInvestmentsSummarizedStatementsofOperationsTableTextBlock
Namespace Prefix: | tol_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Equity method investment summarized balance sheet. + References No definition available. + Details
Name: | tol_EquityMethodInvestmentSummarizedBalanceSheetTableTextBlock
Namespace Prefix: | tol_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration