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Note 23 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

12 Months Ended

Oct. 31, 2014

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

(In thousands)		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Assets:
Homebuilding		$-			$195,177			$1,336,716			$353,151			$-			$1,885,044
Financial services								11,407			108,936						120,343
Income taxes receivable		244,391						40,152									284,543
Intercompany receivable (payable)					1,275,453						36,161			(1,311,614	)		-
Investments in and amounts due from consolidated subsidiaries								338,044						(338,044	)		-
Total assets		$244,391			$1,470,630			$1,726,319			$498,248			$(1,649,658	)		$2,289,930
Liabilities and equity:
Homebuilding		$2,842			$160			$544,088			$71,663			$-			$618,753
Financial services								11,210			87,987						99,197
Notes payable					1,685,892			3,336			551						1,689,779
Intercompany payable (receivable)		308,700						1,002,914						(1,311,614	)		-
Amounts due to consolidated subsidiaries		50,648			11,902									(62,550	)		-
Stockholders’ (deficit) equity		(117,799	)		(227,324	)		164,771			338,047			(275,494	)		(117,799	)
Noncontrolling interest in consolidated joint ventures																	-
Total liabilities and equity		$244,391			$1,470,630			$1,726,319			$498,248			$(1,649,658	)		$2,289,930

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Nonguarantor Subsidiaries				Eliminations				Consolidated
Assets:
Homebuilding			$-				$277,800				$1,020,435				$312,042			$					$1,610,277
Financial services											14,570				134,283								148,853
Intercompany receivable							1,093,906								14,489				(1,108,395	)			-
Investments in and amounts due to and from consolidated subsidiaries			(62,298	)			2,275				286,216								(226,193	)			-
Total assets			$(62,298	)			$1,373,981				$1,321,221				$460,814				$(1,334,588	)			$1,759,130
Liabilities and equity:
Homebuilding			$3,798				$491				$437,767				$64,329			$					$506,385
Financial services											14,789				109,748								124,537
Notes payable							1,555,336				2,276				94								1,557,706
Intercompany payable			326,262								805,774								(1,132,036	)			-
Income taxes payable (receivable)			40,868								(37,567	)											3,301
Stockholders’ (deficit) equity			(433,226	)			(181,846	)			98,182				286,216				(202,552	)			(433,226	)
Non-controlling interest in consolidated joint ventures															427								427
Total liabilities and equity			$(62,298	)			$1,373,981				$1,321,221				$460,814				$(1,334,588	)			$1,759,130

Condensed Income Statement [Table Text Block]

(In thousands)		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$25			$-			$1,651,343			$369,598			$-			$2,020,966
Financial services								9,572			32,842						42,414
Intercompany income					100,878									(100,878	)		-
Total revenues		25			100,878			1,660,915			402,440			(100,878	)		2,063,380
Expenses:
Homebuilding		3,286			131,730			1,549,659			336,651						2,021,326
Financial services		20						6,832			21,764						28,616
Intercompany charges								100,878						(100,878	)		-
Total expenses		3,306			131,730			1,657,369			358,415			(100,878	)		2,049,942
Loss on extinguishment of debt					(1,155	)											(1,155	)
Income from unconsolidated joint ventures								94			7,803						7,897
(Loss) income before income taxes		(3,281	)		(32,007	)		3,640			51,828			-			20,180
State and federal income tax (benefit) provision		(298,775	)		(908	)		12,719									(286,964	)
Equity in income (loss) from subsidiaries		11,650			(14,177	)		51,828						(49,301	)		-
Net income (loss)		$307,144			$(45,276	)		$42,749			$51,828			$(49,301	)		$307,144

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminations				Consolidated
Revenues:
Homebuilding			$3				$(235	)			$1,497,016				$311,730				$(4,988	)			$1,803,526
Financial services											9,386				38,341								47,727
Intercompany charges							81,816				(104,212	)			(2,325	)			24,721				-
Total revenues			3				81,581				1,402,190				347,746				19,733				1,851,253
Expenses:
Homebuilding			8,608				123,511				1,373,360				295,390				10,670				1,811,539
Financial services			17								6,721				22,321								29,059
Total expenses			8,625				123,511				1,380,081				317,711				10,670				1,840,598
(Loss) gain on extinguishment of debt							(770,769	)			770,009												(760	)
Income from unconsolidated joint ventures											2,327				9,713								12,040
(Loss) income before income taxes			(8,622	)			(812,699	)			794,445				39,748				9,063				21,935
State and federal income tax (benefit) provision			(21,541	)							12,181												(9,360	)
Equity in income (loss) from subsidiaries			18,376				(11,514	)			39,748								(46,610	)			-
Net income (loss)			$31,295				$(824,213	)			$822,012				$39,748				$(37,547	)			$31,295

(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	)			(1,521	)			21,153								61,067				-
Net (loss) income			$(66,197	)			$(82,349	)			$(14,450	)			$21,153				$75,646				$(66,197	)

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 income (loss)		$307,144			$(45,276	)		$42,749			$51,828			$(49,301	)		$307,144
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities		(277,932	)		14,334			(303,507	)		20,075			49,301			(497,729	)
Net cash provided by (used in) operating activities		29,212			(30,942	)		(260,758	)		71,903			-			(190,585	)
Cash flows from investing activities:
Proceeds from sale of property and assets								467			48						515
Purchase of property, equipment, and other fixed assets and acquisitions								(3,395	)		(28	)					(3,423	)
(Increase) in restricted cash related to mortgage company											(655	)					(655	)
Investment in and advances to unconsolidated joint ventures					(95	)		(831	)		(20,773	)					(21,699	)
Distributions of capital from unconsolidated joint ventures					203			3,787			7,117						11,107
Intercompany investing activities					(167,370	)								167,370			-
Net cash (used in) provided by investing activities		-			(167,262	)		28			(14,291	)		167,370			(14,155	)
Cash flows from financing activities:
Net proceeds from mortgages and notes								39,345			1,425						40,770
Net proceeds from model sale leaseback financing programs								17,232			1,982						19,214
Net payments from land bank financing programs								(8,297	)		(9,009	)					(17,306	)
Net proceeds from senior notes					121,447												121,447
Net payments related to mortgage warehouse lines of credit											(14,744	)					(14,744	)
Deferred financing cost from land banking financing program and note issuances					(7,205	)		(4,051	)		(691	)					(11,947	)
Intercompany financing activities		(29,212	)					218,254			(21,672	)		(167,370	)		-
Net cash (used in) provided by financing activities		(29,212	)		114,242			262,483			(42,709	)		(167,370	)		137,434
Net (decrease) increase in cash and cash equivalents		-			(83,962	)		1,753			14,903			-			(67,306	)
Cash and cash equivalents balance, beginning of period					243,470			(6,479	)		92,213						329,204
Cash and cash equivalents balance, end of period		$-			$159,508			$(4,726	)		$107,116			$-			$261,898

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminations				Consolidated
Cash flows from operating activities:
Net income (loss)			$31,295				$(824,213	)			$822,012				$39,748				$(37,547	)			$31,295
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities			29,653				797,892				(875,287	)			(11,832	)			37,547				(22,027	)
Net cash provided by (used in) operating activities			60,948				(26,321	)			(53,275	)			27,916				-				9,268
Net cash provided by investing activities							235				11,819				18,231				-				30,285
Net cash (used in) provided by financing activities							(6,139	)			52,914				(30,356	)			-				16,419
Intercompany financing activities - net			(60,948	)			78,598				(15,920	)			(1,730	)			-				-
Net increase (decrease) in cash			-				46,373				(4,462	)			14,061				-				55,972
Cash and cash equivalents balance, beginning of period			-				197,097				(2,017	)			78,152				-				273,232
Cash and cash equivalents balance, end of period			$-				$243,470				$(6,479	)			$92,213				$-				$329,204

(In thousands)		Parent				Subsidiary Issuer				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Eliminations				Consolidated
Cash flows from operating activities:
Net (loss) income			$(66,197	)			$(82,349	)			$(14,450	)			$21,153				$75,646				$(66,197	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities			37,030				53,114				124,875				(140,174	)			(75,646	)			(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