XML 27 R11.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 4 - Leases
 12 Months Ended
Oct. 31, 2015
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block]

4. Leases


We lease certain property under non-cancelable leases. Office leases are generally for terms of three to five years and generally provide renewal options. Model home leases are generally for shorter terms of approximately one to three years with renewal options on a month-to-month basis. In most cases, we expect that in the normal course of business, leases that will expire will be renewed or replaced by other leases. The future lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of one year are as follows:


Years Ending October 31,

  

(In Thousands)

  

2016

   $10,349  

2017

   6,147  

2018

   2,567  

2019

   1,562  

2020

   1,136  

Thereafter

   180  

Total

   $21,941  

Net rental expense for the three years ended October 31, 2015, 2014 and 2013, was $11.6 million, $11.6 million and $10.8 million, respectively. These amounts include rent expense for various month-to-month leases on model homes, furniture and equipment. These amounts also include the amortization of abandoned lease costs for leased space that we have abandoned due to our reduction in size and consolidation of certain locations. Certain leases contain renewal or purchase options and generally provide that the Company shall pay for insurance, taxes and maintenance.