XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2012
Oct. 31, 2011
ASSETS    
Cash and cash equivalents $ 273,232 $ 250,740
Restricted cash 64,200 77,600
Consolidated inventory not owned:    
Investments in and advances to unconsolidated joint ventures 61,083 57,826
Property, plant, and equipment - net 48,524 53,266
Total assets 1,684,250 1,602,180
LIABILITIES AND EQUITY    
Secured debt 977,369 786,585
Total liabilities 2,169,595 2,098,782
Preferred stock, $.01 par value - authorized 100,000 shares; issued 5,600 shares with a liquidation preference of $140,000 at October 31, 2012 and 2011 135,299 135,299
Paid in capital - common stock 668,735 591,696
Accumulated deficit (1,175,703) (1,109,506)
Treasury stock - at cost (115,360) (115,257)
Total Hovnanian Enterprises, Inc. stockholders' equity deficit (485,575) (496,694)
Noncontrolling interest in consolidated joint ventures 230 92
Total equity deficit (485,345) (496,602)
Total liabilities and equity 1,684,250 1,602,180
Notes payable:    
TEU senior subordinated amortizing notes 6,091 13,323
Accrued interest 20,199 21,331
Total notes payable 1,562,395 1,624,101
Income taxes payable 6,882 41,829
Homebuilding [Member] | Nonrecourse Land Mortgages [Member]
   
LIABILITIES AND EQUITY    
Secured debt 38,302 26,121
Homebuilding [Member] | Nonrecourse Mortgages Secured By Operating Properties [Member]
   
LIABILITIES AND EQUITY    
Secured debt 18,775 19,748
Homebuilding [Member]
   
ASSETS    
Cash and cash equivalents 258,323 244,356
Restricted cash 41,732 73,539
Inventories:    
Sold and unsold homes and lots under development 671,851 720,149
Land and land options held for future development or sale 218,996 245,529
Consolidated inventory not owned:    
Specific performance options   2,434
Other options 90,619  
Total consolidated inventory not owned 90,619 2,434
Total inventories 981,466 968,112
Investments in and advances to unconsolidated joint ventures 61,083 57,826
Receivables, deposits, and notes 61,794 52,277
Property, plant, and equipment - net 48,524 53,266
Prepaid expenses and other assets 66,694 67,698
Total assets 1,519,616 1,517,074
LIABILITIES AND EQUITY    
Liabilities from inventory not owned 77,791 2,434
Total liabilities 455,224 368,606
Notes payable:    
Accounts payable and other liabilities 296,510 303,633
Customers’ deposits 23,846 16,670
Financial Services [Member]
   
ASSETS    
Cash and cash equivalents 14,909 6,384
Restricted cash 22,470 4,079
Mortgage loans held for sale 117,024 72,172
Other assets 10,231 2,471
Consolidated inventory not owned:    
Total assets 164,634 85,106
LIABILITIES AND EQUITY    
Total liabilities 145,094 64,246
Notes payable:    
Accounts payable and other liabilities 37,609 14,517
Mortgage warehouse line of credit 107,485 49,729
Common Class A [Member]
   
LIABILITIES AND EQUITY    
Common stock 1,300 921
Common Class B [Member]
   
LIABILITIES AND EQUITY    
Common stock 154 153
Senior Secured Notes [Member]
   
LIABILITIES AND EQUITY    
Secured debt 977,369 786,585
Senior Notes [Member]
   
Notes payable:    
Senior notes 458,736 802,862
Senior Amortizing Notes [Member]
   
Notes payable:    
Senior notes 23,149  
Senior Exchangeable Notes [Member]
   
Notes payable:    
Senior notes $ 76,851