XML 62 R40.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 12 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2014
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Payable Receivable [Table Text Block] |
|  | Year Ended October 31,
(In thousands) |  | 2014 |  |  | 2013 |
State income taxes: |  |  |  |  |  |
Current |  | $3,197 |  |  | $3,301 |
Deferred |  | (14,918 | ) |  | - |
Federal income taxes: |  |  |  |  |  |
Current |  | - |  |  | - |
Deferred |  | (272,822 | ) |  | - |
Total |  | $(284,543 | ) |  | $3,301 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended October 31,
(In thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Current income tax (benefit) expense: |  |  |  |  |  |  |  |  |
Federal |  | $(1,690 | ) |  | $(9,878 | ) |  | $277 |
State (1) |  | 2,466 |  |  | 518 |  |  | (35,328 | )
Total current income tax expense (benefit): |  | 776 |  |  | (9,360 | ) |  | (35,051 | )
Federal |  | (272,822 | ) |  | - |  |  | - |
State |  | (14,918 | ) |  | - |  |  | - |
Total deferred income tax (benefit): |  | (287,740 | ) |  | - |  |  | - |
Total |  | $(286,964 | ) |  | $(9,360 | ) |  | $(35,051 | )
(1) | The current state income tax (benefit) expense is net of the use of state net operating losses totaling $24.5 million, $23.1 million, and $3.4 million for the years ended October 31, 2014, 2013, and 2012, respectively.
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | Year Ended October 31,
(In thousands) |  | 2014 |  |  | 2013 |
Deferred tax assets: |  |  |  |  |  |
Depreciation |  | $2,407 |  |  | $2,345 |
Inventory impairment loss |  | 219,487 |  |  | 230,553 |
Uniform capitalization of overhead |  | 9,005 |  |  | 6,208 |
Warranty and legal reserves |  | 14,342 |  |  | 15,571 |
Deferred income |  | 547 |  |  | 551 |
Acquisition intangibles |  | 18,014 |  |  | 22,523 |
Restricted stock bonus |  | 7,121 |  |  | 5,781 |
Rent on abandoned space |  | 2,830 |  |  | 3,591 |
Stock options |  | 8,481 |  |  | 6,994 |
Provision for losses |  | 43,585 |  |  | 38,923 |
Joint venture loss |  | 5,633 |  |  | 5,360 |
Federal net operating losses |  | 524,879 |  |  | 542,409 |
State net operating losses |  | 176,225 |  |  | 182,940 |
Other |  | 19,516 |  |  | 16,350 |
Total deferred tax assets |  | 1,052,072 |  |  | 1,080,099 |
Deferred tax liabilities: |  |  |  |  |  |
Acquisition intangibles |  | 395 |  |  | 351 |
Debt repurchase income |  | 121,934 |  |  | 152,450 |
Other |  | - |  |  | 164 |
Total deferred tax liabilities |  | 122,329 |  |  | 152,965 |
Valuation allowance |  | (642,003 | ) |  | (927,134 | )
Net deferred income taxes |  | $287,740 |  |  | $- |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended October 31,
|  | 2014 |  |  | 2013 |  |  | 2012 |
Computed “expected” tax rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal income tax benefit |  | (3.5 | ) |  | 14.0 |  |  | (2.6 | )
Permanent differences, net |  | 0.8 |  |  | 11.3 |  |  | (0.3 | )
Deferred tax asset valuation allowance impact |  | (1,393.3 | ) |  | (66.2 | ) |  | (32.3 | )
Tax contingencies |  | (0.6 | ) |  | (36.8 | ) |  | 34.8 |
Adjustments to prior years’ tax accruals |  | (60.4 | ) |  | - |  |  | - |
Effective tax rate |  | (1,422.0 | )% |  | (42.7 | )% |  | 34.6 | %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | 2014 |  |  | 2013 |
Unrecognized tax benefit—November 1, |  | $1.8 |  |  | $9.9 |
Gross increases—tax positions in current period |  | 0.2 |  |  | 1.2 |
Decrease related to tax positions taken during a prior period |  | - |  |  | (9.3 | )
Lapse of statute of limitations |  | (0.3 | ) |  | - |
Unrecognized tax benefit—October 31, |  | $1.7 |  |  | $1.8 |

X
- Definition Tabular disclosure of income taxes payable + References No definition available. + Details
Name: | hov_ScheduleOfComponentsOfIncomeTaxPayableReceivableTableTextBlock
Namespace Prefix: | hov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration