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Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 12 Months Ended
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Oct. 31, 2012
Schedule of Equity Method Investments [Table Text Block] |
|  | October 31, 2012 |
(Dollars In Thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 29,657 |  |  | $ | 1,686 |  |  | $ | 31,343 |
Inventories |  |  | 177,170 |  |  |  | 14,853 |  |  |  | 192,023 |
Other assets |  |  | 12,886 |  |  |  | 5 |  |  |  | 12,891 |
Total assets |  | $ | 219,713 |  |  | $ | 16,544 |  |  | $ | 236,257 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 24,651 |  |  | $ | 12,233 |  |  | $ | 36,884 |
Notes payable |  |  | 79,675 |  |  |  |  |  |  |  | 79,675 |
Total liabilities |  |  | 104,326 |  |  |  | 12,233 |  |  |  | 116,559 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 45,285 |  |  |  | 794 |  |  |  | 46,079 |
Others |  |  | 70,102 |  |  |  | 3,517 |  |  |  | 73,619 |
Total equity |  |  | 115,387 |  |  |  | 4,311 |  |  |  | 119,698 |
Total liabilities and equity |  | $ | 219,713 |  |  | $ | 16,544 |  |  | $ | 236,257 |
Debt to capitalization ratio |  |  | 41 | % |  |  | 0 | % |  |  | 40 | %
|  | October 31, 2011 |
(Dollars In Thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 21,380 |  |  | $ | 287 |  |  | $ | 21,667 |
Inventories |  |  | 310,743 |  |  |  | 14,786 |  |  |  | 325,529 |
Other assets |  |  | 25,388 |  |  |  |  |  |  |  | 25,388 |
Total assets |  | $ | 357,511 |  |  | $ | 15,073 |  |  | $ | 372,584 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 21,035 |  |  | $ | 11,710 |  |  | $ | 32,745 |
Notes payable |  |  | 199,821 |  |  |  | 21 |  |  |  | 199,842 |
Total liabilities |  |  | 220,856 |  |  |  | 11,731 |  |  |  | 232,587 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 52,013 |  |  |  | 1,312 |  |  |  | 53,325 |
Others |  |  | 84,642 |  |  |  | 2,030 |  |  |  | 86,672 |
Total equity |  |  | 136,655 |  |  |  | 3,342 |  |  |  | 139,997 |
Total liabilities and equity |  | $ | 357,511 |  |  | $ | 15,073 |  |  | $ | 372,584 |
Debt to capitalization ratio |  |  | 59 | % |  |  | 1 | % |  |  | 59 | %
|  | For The Twelve Months Ended October 31, 2012 |
(Dollars In Thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 323,177 |  |  | $ | 11,531 |  |  | $ | 334,708 |
Cost of sales and expenses |  |  | (300,892 | ) |  |  | (9,318 | ) |  |  | (310,210 | )
Joint venture net income |  | $ | 22,285 |  |  | $ | 2,213 |  |  | $ | 24,498 |
Our share of net income |  | $ | 4,763 |  |  | $ | 1,108 |  |  | $ | 5,871 |
|  | For The Twelve Months Ended October 31, 2011 |
(Dollars In Thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 177,301 |  |  | $ | 12,226 |  |  | $ | 189,527 |
Cost of sales and expenses |  |  | (181,651 | ) |  |  | (11,114 | ) |  |  | (192,765 | )
Joint venture net (loss) income |  | $ | (4,350 | ) |  | $ | 1,112 |  |  | $ | (3,238 | )
Our share of net (loss) income |  | $ | (8,395 | ) |  | $ | 647 |  |  | $ | (7,748 | )
|  | For The Twelve Months Ended October 31, 2010 |
(Dollars In Thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 137,073 |  |  | $ | 19,307 |  |  | $ | 156,380 |
Cost of sales and expenses |  |  | (135,878 | ) |  |  | (21,260 | ) |  |  | (157,138 | )
Joint venture net income (loss) |  | $ | 1,195 |  |  | $ | (1,953 | ) |  | $ | (758 | )
Our share of net income |  | $ | 683 |  |  | $ | 469 |  |  | $ | 1,152 |

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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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