XML 55 R37.htm IDEA: XBRL DOCUMENT v3.6.0.2

Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2016

Notes Tables

Schedule of Components of Income Tax Payable Receivable [Table Text Block]

		Year Ended October 31,
(In thousands)		2016			2015
State income taxes:
Current		$1,945			$2,151
Deferred		(9,890	)		(11,148	)
Federal income taxes:
Current		-			-
Deferred		(275,688	)		(281,282	)
Total		$(283,633	)		$(290,279	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended October 31,
(In thousands)		2016			2015			2014
Current income tax (benefit) expense:
Federal (1)		$(2,796	)		$(1,497	)		$(1,690	)
State (2)		1,200			523			$2,466
Total current income tax (benefit) expense:		(1,596	)		(974	)		776
Federal		5,594			(8,461	)		(272,822	)
State		1,257			3,770			(14,918	)
Total deferred income tax expense (benefit):		6,851			(4,691	)		(287,740	)
Total		$5,255			$(5,665	)		$(286,964	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended October 31,
(In thousands)		2016			2015
Deferred tax assets:
Depreciation		$1,729			$2,176
Inventory impairment loss		174,489			210,716
Uniform capitalization of overhead		6,802			11,203
Warranty and legal reserves		13,238			13,319
Deferred income		5,061			682
Acquisition intangibles		8,829			13,374
Restricted stock bonus		4,526			8,191
Rent on abandoned space		1,006			1,888
Stock options		7,073			7,474
Provision for losses		34,505			36,350
Joint venture loss		4,171			2,891
Federal net operating losses		520,117			524,125
State net operating losses		170,014			169,046
Other		22,862			17,752
Total deferred tax assets		974,422			1,019,187
Deferred tax liabilities:
Debt repurchase income		60,901			91,452
Total deferred tax liabilities		60,901			91,452
Valuation allowance		(627,943	)		(635,305	)
Net deferred income taxes		$285,578			$292,430

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended October 31,
		2016			2015			2014
Computed “expected” tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit		65.4			(15.6	)		(3.5	)
Permanent differences, net		222.2			(0.4	)		0.8
Deferred tax asset valuation allowance impact		-			-			(1,393.3	)
Tax contingencies		0.3			3.2			(0.6	)
Adjustments to prior years’ tax accruals(1)		(107.2	)		3.8			(60.4	)
Effective tax rate		215.7	%		26.0	%		(1,422.0	) %

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		2016			2015
Unrecognized tax benefit—November 1,		$1.1			$1.7
Gross increases—tax positions in current period		0.2			0.2
Decrease related to tax positions taken during a prior period		-			-
Lapse of statute of limitations		(0.2	)		(0.8	)
Unrecognized tax benefit—October 31,		$1.1			$1.1

X

- Definition

Tabular disclosure of income taxes payable

+ References

No definition available.

+ Details

Name:	hov_ScheduleOfComponentsOfIncomeTaxPayableReceivableTableTextBlock
Namespace Prefix:	hov_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration