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Note 21 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 12 Months Ended
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Oct. 31, 2014
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments [Table Text Block] |
|  | October 31, 2014 |
(Dollars in thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $22,415 |  |  | $205 |  |  | $22,620 |
Inventories |  | 208,620 |  |  | 16,194 |  |  | 224,814 |
Other assets |  | 11,986 |  |  | - |  |  | 11,986 |
Total assets |  | $243,021 |  |  | $16,399 |  |  | $259,420 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $27,175 |  |  | $1,039 |  |  | $28,214 |
Notes payable |  | 45,506 |  |  | 5,650 |  |  | 51,156 |
Total liabilities |  | 72,681 |  |  | 6,689 |  |  | 79,370 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 59,106 |  |  | 2,990 |  |  | 62,096 |
Others |  | 111,234 |  |  | 6,720 |  |  | 117,954 |
Total equity |  | 170,340 |  |  | 9,710 |  |  | 180,050 |
Total liabilities and equity |  | $243,021 |  |  | $16,399 |  |  | $259,420 |
Debt to capitalization ratio |  | 21 | % |  | 37 | % |  | 22 | %
|  | October 31, 2013 |
(Dollars in thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $30,102 |  |  | $639 |  |  | $30,741 |
Inventories |  | 101,735 |  |  | 11,080 |  |  | 112,815 |
Other assets |  | 6,868 |  |  | - |  |  | 6,868 |
Total assets |  | $138,705 |  |  | $11,719 |  |  | $150,424 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $28,016 |  |  | $4,047 |  |  | $32,063 |
Notes payable |  | 23,904 |  |  | - |  |  | 23,904 |
Total liabilities |  | 51,920 |  |  | 4,047 |  |  | 55,967 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 44,141 |  |  | 2,703 |  |  | 46,844 |
Others |  | 42,644 |  |  | 4,969 |  |  | 47,613 |
Total equity |  | 86,785 |  |  | 7,672 |  |  | 94,457 |
Total liabilities and equity |  | $138,705 |  |  | $11,719 |  |  | $150,424 |
Debt to capitalization ratio |  | 22 | % |  | 0 | % |  | 20 | %
|  | For The Twelve Months Ended October 31, 2014 |
(Dollars in thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $173,126 |  |  | $7,888 |  |  | $181,014 |
Cost of sales and expenses |  | (158,233 | ) |  | (7,313 | ) |  | (165,546 | )
Joint venture net income |  | $14,893 |  |  | $575 |  |  | $15,468 |
Our share of net income |  | $7,710 |  |  | $287 |  |  | $7,997 |
|  | For The Twelve Months Ended October 31, 2013 |
(Dollars in thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $307,993 |  |  | $14,659 |  |  | $322,652 |
Cost of sales and expenses |  | (276,795 | ) |  | (9,396 | ) |  | (286,191 | )
Joint venture net income |  | $31,198 |  |  | $5,263 |  |  | $36,461 |
Our share of net income |  | $9,581 |  |  | $2,631 |  |  | $12,212 |
|  | 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 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + 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 + Details
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