XML 32 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 9 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2014
Jul. 31, 2013
Oct. 31, 2013
Equity of:          
Debt to capitalization ratio 21.00%   21.00%    
Our share of net income $ 211 $ 3,690 $ 3,849 $ 6,806  
Homebuilding [Member] | Homebuilding Venture [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 17,621   17,621   30,102
Inventories 202,204   202,204   101,735
Other assets 9,361   9,361   6,868
Total assets 229,186   229,186   138,705
Liabilities and equity:          
Accounts payable and accrued liabilities 28,726   28,726   28,016
Notes payable 43,962   43,962   23,904
Total liabilities 72,688   72,688   51,920
Equity of:          
Hovnanian Enterprises, Inc. 55,779   55,779   44,141
Others 100,719   100,719   42,644
Total equity 156,498   156,498   86,785
Total liabilities and equity 229,186   229,186   138,705
Debt to capitalization ratio 22.00%   22.00%   22.00%
Revenues 29,283 76,842 114,304 211,408  
Cost of sales and expenses (27,631) (67,526) (105,409) (194,667)  
Joint venture net income 1,652 9,316 8,895 16,741  
Our share of net income 201 3,654 3,780 4,372  
Homebuilding [Member] | Land Development Venture [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 92   92   639
Inventories 11,336   11,336   11,080
Total assets 11,428   11,428   11,719
Liabilities and equity:          
Accounts payable and accrued liabilities 4,177   4,177   4,047
Total liabilities 4,177   4,177   4,047
Equity of:          
Hovnanian Enterprises, Inc. 2,834   2,834   2,703
Others 4,417   4,417   4,969
Total equity 7,251   7,251   7,672
Total liabilities and equity 11,428   11,428   11,719
Debt to capitalization ratio 0.00%   0.00%   0.00%
Revenues 612 2,992 5,881 12,468  
Cost of sales and expenses (534) (3,300) (5,619) (7,755)  
Joint venture net income 78 (308) 262 4,713  
Our share of net income 39 (154) 131 2,356  
Homebuilding [Member] | Corporate Joint Venture [Member]
          
Assets:          
Cash and cash equivalents 17,713   17,713   30,741
Inventories 213,540   213,540   112,815
Other assets 9,361   9,361   6,868
Total assets 240,614   240,614   150,424
Liabilities and equity:          
Accounts payable and accrued liabilities 32,903   32,903   32,063
Notes payable 43,962   43,962   23,904
Total liabilities 76,865   76,865   55,967
Equity of:          
Hovnanian Enterprises, Inc. 58,613   58,613   46,844
Others 105,136   105,136   47,613
Total equity 163,749   163,749   94,457
Total liabilities and equity 240,614   240,614   150,424
Debt to capitalization ratio 21.00%   21.00%   20.00%
Revenues 29,895 79,834 120,185 223,876  
Cost of sales and expenses (28,165) (70,826) (111,028) (202,422)  
Joint venture net income 1,730 9,008 9,157 21,454  
Our share of net income $ 240 $ 3,500 $ 3,911 $ 6,728