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Note 22 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

12 Months Ended

Oct. 31, 2012

Schedule of Condensed Balance Sheet [Table Text Block]

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Nonguarantor Subsidiaries				Eliminations				Consolidated
Assets:
Homebuilding		$	6,155			$	259,339			$	976,836			$	277,286			$				$	1,519,616
Financial services											23,669				140,965								164,634
Investments in consolidated subsidiaries			25				15,311				70,067								(85,403	)			-
Total assets		$	6,180			$	274,650			$	1,070,572			$	418,251			$	(85,403	)		$	1,684,250
Liabilities and equity:
Homebuilding		$	1,671			$	125			$	391,628			$	61,800			$				$	455,224
Financial services											23,070				122,024								145,094
Notes payable							1,561,635				271				489								1,562,395
Income taxes payable			40,551								(33,669	)											6,882
Intercompany			449,533				(1,930,998	)			1,494,224				(12,759	)							-
Stockholders’ (deficit) equity			(485,575	)			643,888				(804,952	)			246,467				(85,403	)			(485,575	)
Non-controlling interest in consolidated joint ventures															230								230
Total liabilities and equity		$	6,180			$	274,650			$	1,070,572			$	418,251			$	(85,403	)		$	1,684,250

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Nonguarantor Subsidiaries				Eliminations				Consolidated
Assets:
Homebuilding		$	12,756			$	200,281			$	1,096,594			$	207,443			$				$	1,517,074
Financial services											4,537				80,569								85,106
Investments in and amounts due to and from consolidated subsidiaries			(467,562	)			2,140,349				(2,435,348	)			(9,364	)			771,925				-
Total assets		$	(454,806	)		$	2,340,630			$	(1,334,217	)		$	278,648			$	771,925			$	1,602,180
Liabilities and equity:
Homebuilding		$	2,172			$	(33	)		$	355,191			$	11,276			$				$	368,606
Financial services											4,231				60,015								64,246
Notes payable							1,623,957				144												1,624,101
Income taxes payable			39,716								2,113												41,829
Stockholders’ (deficit) equity			(496,694	)			716,706				(1,695,896	)			207,265				771,925				(496,694	)
Non-controlling interest in consolidated joint ventures															92								92
Total liabilities and equity		$	(454,806	)		$	2,340,630			$	(1,334,217	)		$	278,648			$	771,925			$	1,602,180

Schedule of Condensed Income Statement [Table Text Block]

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Revenues:
Homebuilding		$	9			$	(270	)		$	1,364,733			$	87,124			$	(4,978	)		$	1,446,618
Financial services											8,082				30,653								38,735
Intercompany charges							98,805				(120,094	)			(3,590	)			24,879				-
Total revenues			9				98,535				1,252,721				114,187				19,901				1,485,353
Expenses:
Homebuilding			3,030				150,297				1,300,728				79,899				5,334				1,539,288
Financial services			(28	)							5,737				17,951				(12	)			23,648
Total expenses			3,002				150,297				1,306,465				97,850				5,322				1,562,936
Loss on extinguishment of debt							(29,066	)															(29,066	)
Income from unconsolidated joint ventures											561				4,840								5,401
(Loss) income before income taxes			(2,993	)			(80,828	)			(53,183	)			21,177				14,579				(101,248	)
State and federal income tax (benefit) provision			(17,495	)							(17,580	)			24								(35,051	)
Equity in (loss) income from subsidiaries			(80,699	)															80,699				-
Net (loss) income		$	(66,197	)		$	(80,828	)		$	(35,603	)		$	21,153			$	95,278			$	(66,197	)

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Revenues:
Homebuilding		$	21			$	(245	)		$	1,103,249			$	7,360			$	(4,959	)		$	1,105,426
Financial services											5,523				23,958								29,481
Intercompany charges							114,592				(152,042	)			(655	)			38,105				-
Total revenues			21				114,347				956,730				30,663				33,146				1,134,907
Expenses:
Homebuilding			5,704				164,947				1,218,886				1,073				13,084				1,403,694
Financial services			307								4,809				16,263				(8	)			21,371
Total expenses			6,011				164,947				1,223,695				17,336				13,076				1,425,065
Gain on extinguishment of debt							7,528																7,528
Loss from unconsolidated joint ventures											(712	)			(8,246	)							(8,958	)
(Loss) income before income taxes			(5,990	)			(43,072	)			(267,677	)			5,081				20,070				(291,588	)
State and federal income tax (benefit) provision			(20,084	)							14,583												(5,501	)
Equity in (loss) income from subsidiaries			(300,181	)															300,181				-
Net (loss) income		$	(286,087	)		$	(43,072	)		$	(282,260	)		$	5,081			$	320,251			$	(286,087	)

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Revenues:
Homebuilding		$	20			$	(350	)		$	1,340,887			$	4,272			$	(4,960	)		$	1,339,869
Financial services											6,353				25,620								31,973
Intercompany charges							128,383				(190,616	)			(228	)			62,461				-
Total revenues			20				128,033				1,156,624				29,664				57,501				1,371,842
Expenses:
Homebuilding			8,638				173,709				1,473,481				(11,332	)			25,557				1,670,053
Financial services			505								5,182				17,905				(518	)			23,074
Total expenses			9,143				173,709				1,478,663				6,573				25,039				1,693,127
Gain on extinguishment of debt							25,047																25,047
Income (loss) from unconsolidated joint ventures											(1,023	)			1,979								956
(Loss) income before income taxes			(9,123	)			(20,629	)			(323,062	)			25,070				32,462				(295,282	)
State and federal income tax (benefit) provision			(309,922	)							12,052												(297,870	)
Equity in (loss) income from subsidiaries			(298,211	)															298,211				-
Net income (loss)		$	2,588			$	(20,629	)		$	(335,114	)		$	25,070			$	330,673			$	2,588

Schedule of Condensed Cash Flow Statement [Table Text Block]

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Cash flows from operating activities:
Net (loss) income		$	(66,197	)		$	(80,828	)		$	(35,603	)		$	21,153			$	95,278			$	(66,197	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities			37,030				51,593				146,028				(140,174	)			(95,278	)			(801	)
Net cash (used in) provided by operating activities			(29,167	)			(29,235	)			110,425				(119,021	)			-				(66,998	)
Net cash provided by (used in) investing activities			-				146				(3,260	)			1,614				-				(1,500	)
Net cash provided by (used in) financing activities			47,221				(79,976	)			49,670				74,075				-				90,990
Intercompany financing activities - net			(18,054	)			194,040				(153,863	)			(22,123	)			-				-
Net increase (decrease) in cash			-				84,975				2,972				(65,455	)			-				22,492
Cash and cash equivalents balance, beginning of period			-				112,122				(4,989	)			143,607				-				250,740
Cash and cash equivalents balance, end of period		$	-			$	197,097			$	(2,017	)		$	78,152			$	-			$	273,232

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Cash flows from operating activities:
Net (loss) income		$	(286,087	)		$	(43,072	)		$	(282,260	)		$	5,081			$	320,251			$	(286,087	)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities			93,926				(34,441	)			357,401				(17,963	)			(320,251	)			78,672
Net cash (used in) provided by operating activities			(192,161	)			(77,513	)			75,141				(12,882	)			-				(207,415	)
Net cash provided by (used in) investing activities			-				-				(223	)			1,418				-				1,195
Net cash provided by (used in) financing activities			54,899				56,428				2,367				(23,914	)			-				89,780
Intercompany financing activities - net			137,252				(79,163	)			(69,462	)			11,373				-				-
Net (decrease) increase in cash			(10	)			(100,248	)			7,823				(24,005	)			-				(116,440	)
Cash and cash equivalents balance, beginning of period			10				212,370				(12,812	)			167,612				-				367,180
Cash and cash equivalents balance, end of period		$	-			$	112,122			$	(4,989	)		$	143,607			$	-			$	250,740

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
Cash flows from operating activities:
Net income (loss)		$	2,588			$	(20,629	)		$	(335,114	)		$	25,070			$	330,673			$	2,588
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities			(24,192	)			47,439				151,814				185,511				(330,673	)			29,899
Net cash provided by (used in) operating activities			(21,604	)			26,810				(183,300	)			210,581				-				32,487
Net cash (used in) provided by investing activities											(1,146	)			1,130								(16	)
Net cash (used in) provided by financing activities							(113,232	)			3,463				17,786								(91,983	)
Intercompany financing activities - net			21,604				6,385				183,755				(211,744	)							-
Net (decrease) increase in cash			-				(80,037	)			2,772				17,753				-				(59,512	)
Cash and cash equivalents balance, beginning of period			10				292,407				(15,584	)			149,859								426,692
Cash and cash equivalents balance, end of period		$	10			$	212,370			$	(12,812	)		$	167,612			$	-			$	367,180