XML 88 R89.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 21 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - Unconsolidated Homebuilding and Land Development Joint Ventures (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 12 Months Ended
Oct. 31, 2013
Jul. 31, 2013
Apr. 30, 2013
Jan. 31, 2013
Oct. 31, 2012
Jul. 31, 2012
Apr. 30, 2012
Jan. 31, 2012
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2011
Equity of:                      
Our share of net income $ 5,234 $ 3,690 $ 827 $ 2,289 $ 3,077 $ 852 $ 1,495 $ (23) $ 12,040 $ 5,401 $ (8,958)
Homebuilding [Member] | Homebuilding Venture [Member] | Corporate Joint Venture [Member]
                      
Assets:                      
Cash and cash equivalents 30,102       29,657       30,102 29,657  
Inventories 101,735       177,170       101,735 177,170  
Other assets 6,868       12,886       6,868 12,886  
Total assets 138,705       219,713       138,705 219,713  
Liabilities and equity:                      
Accounts payable and accrued liabilities 28,016       24,651       28,016 24,651  
Notes payable 23,904       79,675       23,904 79,675  
Total liabilities 51,920       104,326       51,920 104,326  
Equity of:                      
Hovnanian Enterprises, Inc. 44,141       45,285       44,141 45,285  
Others 42,644       70,102       42,644 70,102  
Total equity 86,785       115,387       86,785 115,387  
Total liabilities and equity 138,705       219,713       138,705 219,713  
Debt to capitalization ratio 22.00%       41.00%       22.00% 41.00%  
Revenues                 307,993 323,177 177,301
Cost of sales and expenses                 (276,795) (300,892) (181,651)
Joint venture net income                 31,198 22,285 (4,350)
Our share of net income                 9,581 4,763 (8,395)
Homebuilding [Member] | Land Development Venture [Member] | Corporate Joint Venture [Member]
                      
Assets:                      
Cash and cash equivalents 639       1,686       639 1,686  
Inventories 11,080       14,853       11,080 14,853  
Other assets         5         5  
Total assets 11,719       16,544       11,719 16,544  
Liabilities and equity:                      
Accounts payable and accrued liabilities 4,047       12,233       4,047 12,233  
Total liabilities 4,047       12,233       4,047 12,233  
Equity of:                      
Hovnanian Enterprises, Inc. 2,703       794       2,703 794  
Others 4,969       3,517       4,969 3,517  
Total equity 7,672       4,311       7,672 4,311  
Total liabilities and equity 11,719       16,544       11,719 16,544  
Debt to capitalization ratio 0.00%       0.00%       0.00% 0.00%  
Revenues                 14,659 11,531 12,226
Cost of sales and expenses                 (9,396) (9,318) (11,114)
Joint venture net income                 5,263 2,213 1,112
Our share of net income                 2,631 1,108 647
Homebuilding [Member] | Corporate Joint Venture [Member]
                      
Assets:                      
Cash and cash equivalents 30,741       31,343       30,741 31,343  
Inventories 112,815       192,023       112,815 192,023  
Other assets 6,868       12,891       6,868 12,891  
Total assets 150,424       236,257       150,424 236,257  
Liabilities and equity:                      
Accounts payable and accrued liabilities 32,063       36,884       32,063 36,884  
Notes payable 23,904       79,675       23,904 79,675  
Total liabilities 55,967       116,559       55,967 116,559  
Equity of:                      
Hovnanian Enterprises, Inc. 46,844       46,079       46,844 46,079  
Others 47,613       73,619       47,613 73,619  
Total equity 94,457       119,698       94,457 119,698  
Total liabilities and equity 150,424       236,257       150,424 236,257  
Debt to capitalization ratio 20.00%       40.00%       20.00% 40.00%  
Revenues                 322,652 334,708 189,527
Cost of sales and expenses                 (286,191) (310,210) (192,765)
Joint venture net income                 36,461 24,498 (3,238)
Our share of net income                 $ 12,212 $ 5,871 $ (7,748)