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Note 3 - Interest | 6 Months Ended
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Apr. 30, 2015
Home Building Interest [Abstract] |
Home Building Interest [Text Block] |
3. | Interest
Interest costs incurred, expensed and capitalized were:
|  | Three Months Ended April 30, |  |  | Six Months Ended April 30, |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Interest capitalized at beginning of period |  | $114,241 |  |  | $107,089 |  |  | $109,158 |  |  | $105,093 |
Plus interest incurred (1) |  | 40,703 |  |  | 36,782 |  |  | 82,175 |  |  | 71,601 |
Less cost of sales interest expensed |  | 12,013 |  |  | 12,407 |  |  | 23,331 |  |  | 21,897 |
Less other interest expensed (2)(3) |  | 23,030 |  |  | 23,472 |  |  | 48,101 |  |  | 46,805 |
Interest capitalized at end of period (4) |  | $119,901 |  |  | $107,992 |  |  | $119,901 |  |  | $107,992 |
(1) | Data does not include interest incurred by our mortgage and finance subsidiaries.
(2) | Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt. Also includes interest on completed homes and land in planning, which does not qualify for capitalization, and therefore, is expensed.
(3) | Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:
|  | Three Months Ended April 30, |  |  | Six Months Ended April 30, |
(In thousands) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Other interest expensed |  | $23,030 |  |  | $23,472 |  |  | $48,101 |  |  | $46,805 |
Interest paid by our mortgage and finance subsidiaries |  | 268 |  |  | 409 |  |  | 676 |  |  | 1,145 |
Increase in accrued interest |  | (8,726 | ) |  | (5,295 | ) |  | (7,716 | ) |  | (4,011 | )
Cash paid for interest, net of capitalized interest |  | $14,572 |  |  | $18,586 |  |  | $41,061 |  |  | $43,939 |
(4) | Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.

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- Definition Disclosure of the policy for capitalized homebuilding interest, including a rollforward of the balance from beginning of period to end of period. + References No definition available. + Details
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Namespace Prefix: | hov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration