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Note 21 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

6 Months Ended

Apr. 30, 2015

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
ASSETS:
Homebuilding		$-			$247,616			$1,478,889			$362,600			$-			$2,089,105
Financial services								10,327			116,974						127,301
Income taxes receivable		258,121						42,467									300,588
Intercompany receivable					1,467,671						36,727			(1,504,398	)		-
Investments in and amounts due from consolidated subsidiaries								365,247						(365,247	)		-
Total assets		$258,121			$1,715,287			$1,896,930			$516,301			(1,869,645	)		$2,516,994

LIABILITIES AND EQUITY:
Homebuilding		$3,183			$196			$550,981			$55,853						$610,213
Financial services								10,021			94,776						104,797
Notes payable					1,946,342			1,551			425						1,948,318
Intercompany payable		305,378						1,199,020						(1,504,398	)		-
Amounts due to consolidated subsidiaries		95,894			38,266									(134,160	)		-
Stockholders’ (deficit) equity		(146,334	)		(269,517	)		135,357			365,247			(231,087	)		(146,334	)
Total liabilities and equity		$258,121			$1,715,287			$1,896,930			$516,301			(1,869,645	)		$2,516,994

		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					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		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	)
Total liabilities and equity		$244,391			$1,470,630			$1,726,319			$498,248			$(1,649,658	)		$2,289,930

Condensed Income Statement [Table Text Block]

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$-			$390,898			$65,594			$-			$456,492
Financial services								1,935			10,522						12,457
Intercompany charges					31,873						66			(31,939	)		-
Total revenues		-			31,873			392,833			76,182			(31,939	)		468,949

Expenses:
Homebuilding		3,082			38,387			392,535			58,384						492,388
Financial services		20						1,556			5,932						7,508
Intercompany charges								31,939						(31,939	)		-
Total expenses		3,102			38,387			426,030			64,316			(31,939	)		499,896
Income from unconsolidated joint ventures											1,466						1,466
(Loss) income before income taxes		(3,102	)		(6,514	)		(33,197	)		13,332			-			(29,481	)
State and federal income tax benefit		(5,906	)					(4,016	)								(9,922	)
Equity in (loss) income of consolidated subsidiaries		(22,363	)		(13,558	)		13,332						22,589			-
Net (loss) income		$(19,559	)		$(20,072	)		$(15,849	)		$13,332			$22,589			$(19,559	)

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$(31	)		$366,152			$74,396			$-			$440,517
Financial services								2,236			7,176						9,412
Intercompany charges					25,978			(27,019	)		249			792			-
Total revenues		-			25,947			341,369			81,821			792			449,929

Expenses:
Homebuilding		1,942			33,629			349,322			67,129			(1,590	)		450,432
Financial services		5						1,694			5,008						6,707
Total expenses		1,947			33,629			351,016			72,137			(1,590	)		457,139
Loss on extinguishment of debt					(1,155	)											(1,155	)
Income from unconsolidated joint ventures								37			1,030						1,067
(Loss) income before income taxes		(1,947	)		(8,837	)		(9,610	)		10,714			2,382			(7,298	)
State and federal income tax (benefit) provision		(2,236	)					2,840									604
Equity in (loss) income of consolidated subsidiaries		(8,191	)		(11,945	)		10,714						9,422			-
Net (loss) income		$(7,902	)		$(20,782	)		$(1,736	)		$10,714			$11,804			$(7,902	)

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$-			$756,087			$134,997			$-			$891,084
Financial services								3,768			19,811						23,579
Intercompany charges					60,385									(60,385	)		-
Total revenues		-			60,385			759,855			154,808			(60,385	)		914,663

Expenses:
Homebuilding		6,793			76,215			750,044			118,865						951,917
Financial services		88						3,129			11,608						14,825
Intercompany charges								60,321			64			(60,385	)		-
Total expenses		6,881			76,215			813,494			130,537			(60,385	)		966,742
(Loss) income from unconsolidated joint ventures								(14	)		2,932						2,918
(Loss) income before income taxes		(6,881	)		(15,830	)		(53,653	)		27,203			-			(49,161	)
State and federal income tax (benefit) provision		(18,192	)					2,966									(15,226	)
Equity in (loss) income of consolidated subsidiaries		(45,246	)		(26,364	)		27,203						44,407			-
Net (loss) income		$(33,935	)		$(42,194	)		$(29,416	)		$27,203			$44,407			$(33,935	)

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$(77	)		$649,190			$147,358			$-			$796,471
Financial services								4,071			13,435						17,506
Intercompany charges					46,555			(48,281	)					1,726			-
Total revenues		-			46,478			604,980			160,793			1,726			813,977

Expenses:
Homebuilding		5,925			64,018			638,940			128,138			(2,752	)		834,269
Financial services		9						3,219			10,151						13,379
Total expenses		5,934			64,018			642,159			138,289			(2,752	)		847,648
Loss on extinguishment of debt					(1,155	)											(1,155	)
Income from unconsolidated joint ventures								60			3,578						3,638
(Loss) income before income taxes		(5,934	)		(18,695	)		(37,119	)		26,082			4,478			(31,188	)
State and federal income tax (benefit) provision		(5,828	)					7,065									1,237
Equity in (loss) income of consolidated subsidiaries		(32,319	)		(24,024	)		26,082						30,261			-
Net (loss) income		$(32,425	)		$(42,719	)		$(18,102	)		$26,082			$34,739			$(32,425	)

Condensed Cash Flow Statement [Table Text Block]

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income		$(33,935	)		$(42,194	)		$(29,416	)		$27,203			$44,407			$(33,935	)
Adjustments to reconcile net (loss) income to net cash used in operating activities		(7,989	)		18,740			(101,623	)		(86,915	)		(44,407	)		(222,194	)
Net cash used in operating activities		(41,924	)		(23,454	)		(131,039	)		(59,712	)		-			(256,129	)
Cash flows from investing activities:
Proceeds from sale of property and assets								952			31						983
Purchase of property, equipment & other fixed assets and acquisitions								(1,172	)								(1,172	)
Decrease in restricted cash related to mortgage company											1,645						1,645
Investments in and advances to unconsolidated joint ventures					81			146			(15,766	)					(15,539	)
Distributions of capital from unconsolidated joint ventures					(33	)		339			7,039						7,345
Intercompany investing activities					(165,853	)								165,853			-
Net cash (used in) provided by investing activities		-			(165,805	)		265			(7,051	)		165,853			(6,738	)
Cash flows from financing activities:
Net proceeds from mortgages and notes								6,336			8,375						14,711
Net proceeds from model sale leaseback financing programs								11,746			1,595						13,341
Net payments related to land bank financing programs								(9,124	)		(3,879	)					(13,003	)
Proceeds from senior notes					250,000												250,000
Net proceeds related to mortgage warehouse lines of credit											6,047						6,047
Deferred financing costs from land bank financing programs and note issuances					(4,627	)		(1,016	)		(850	)					(6,493	)
Principal payments and debt repurchases					(2,062	)											(2,062	)
Intercompany financing activities		41,924						124,498			(569	)		(165,853	)		-
Net cash provided by (used in) financing activities		41,924			243,311			132,440			10,719			(165,853	)		262,541
Net increase (decrease) in cash and cash equivalents		-			54,052			1,666			(56,044	)		-			(326	)
Cash and cash equivalents balance, beginning of period					159,508			(4,726	)		107,116						261,898
Cash and cash equivalents balance, end of period		$-			$213,560			$(3,060	)		$51,072			$-			$261,572

		Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income		$(32,425	)		$(42,719	)		$(18,102	)		$26,082			$34,739			$(32,425	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities		(1,140	)		9,969			(172,179	)		44,408			(34,739	)		(153,681	)
Net cash (used in) provided by operating activities		(33,565	)		(32,750	)		(190,281	)		70,490			-			(186,106	)
Net cash provided by investing activities					76			664			4,988						5,728
Net cash provided by (used in) financing activities					120,553			39,646			(63,793	)					96,406
Intercompany investing and financing activities – net		33,565			(173,351	)		151,533			(11,747	)					-
Net (decrease) increase in cash		-			(85,472	)		1,562			(62	)		-			(83,972	)
Cash and cash equivalents balance, beginning of period					243,470			(6,479	)		92,213						329,204
Cash and cash equivalents balance, end of period		$-			$157,998			$(4,917	)		$92,151			$-			$245,232