XML 24 R73.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 20 - 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 6 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Oct. 31, 2013
Equity of:          
Debt to capitalization ratio 16.00%   16.00%    
Our share of net income $ 1,067 $ 827 $ 3,638 $ 3,116  
Homebuilding [Member] | Homebuilding Venture [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 23,812   23,812   30,102
Inventories 109,491   109,491   101,735
Other assets 5,697   5,697   6,868
Total assets 139,000   139,000   138,705
Liabilities and equity:          
Accounts payable and accrued liabilities 30,890   30,890   28,016
Notes payable 18,370   18,370   23,904
Total liabilities 49,260   49,260   51,920
Equity of:          
Hovnanian Enterprises, Inc. 39,302   39,302   44,141
Others 50,438   50,438   42,644
Total equity 89,740   89,740   86,785
Total liabilities and equity 139,000   139,000   138,705
Debt to capitalization ratio 17.00%   17.00%   22.00%
Revenues 33,746 74,423 85,019 134,566  
Cost of sales and expenses (31,644) (70,826) (77,725) (127,115)  
Joint venture net income 2,102 3,597 7,294 7,451  
Our share of net income 1,030 807 3,577 716  
Homebuilding [Member] | Land Development Venture [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 377   377   639
Inventories 9,670   9,670   11,080
Total assets 10,047   10,047   11,719
Liabilities and equity:          
Accounts payable and accrued liabilities 2,837   2,837   4,047
Total liabilities 2,837   2,837   4,047
Equity of:          
Hovnanian Enterprises, Inc. 2,795   2,795   2,703
Others 4,415   4,415   4,969
Total equity 7,210   7,210   7,672
Total liabilities and equity 10,047   10,047   11,719
Debt to capitalization ratio 0.00%   0.00%   0.00%
Revenues 3,355 1,661 5,269 9,475  
Cost of sales and expenses (3,466) (1,506) (5,085) (4,455)  
Joint venture net income (111) 155 184 5,020  
Our share of net income (55) 78 92 2,510  
Homebuilding [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 24,189   24,189   30,741
Inventories 119,161   119,161   112,815
Other assets 5,697   5,697   6,868
Total assets 149,047   149,047   150,424
Liabilities and equity:          
Accounts payable and accrued liabilities 33,727   33,727   32,063
Notes payable 18,370   18,370   23,904
Total liabilities 52,097   52,097   55,967
Equity of:          
Hovnanian Enterprises, Inc. 42,097   42,097   46,844
Others 54,853   54,853   47,613
Total equity 96,950   96,950   94,457
Total liabilities and equity 149,047   149,047   150,424
Debt to capitalization ratio 16.00%   16.00%   20.00%
Revenues 37,101 76,084 90,288 144,041  
Cost of sales and expenses (35,110) (72,332) (82,810) (131,570)  
Joint venture net income 1,991 3,752 7,478 12,471  
Our share of net income $ 975 $ 885 $ 3,669 $ 3,226