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Note 22 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)
 12 Months Ended
Oct. 31, 2016
Notes Tables  
Condensed Balance Sheet [Table Text Block]
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Nonguarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Assets:
                                    
Homebuilding
  
$-
    
$291,373
    
$1,197,554
    
$409,650
    
$-
    
$1,898,577
  
Financial services
  
 
    
 
    
13,453
    
183,777
    
 
    
197,230
  
Income taxes receivable
  
115,940
    
(58,597
 )  
226,258
    
32
    
 
    
283,633
  
Intercompany receivable
  
 
    
1,227,334
    
 
    
88,112
    
(1,315,446
 )  
-
  
Investments in and amounts due from consolidated subsidiaries
  
 
    
4,914
    
437,628
    
-
    
(442,542
 )  
-
  
Total assets
  
$115,940
    
1,465,024
    
$1,874,893
    
$681,571
    
$(1,757,988
 )  
$2,379,440
  
Liabilities and equity:
                                    
Homebuilding
  
$3,506
    
$1,118
    
$568,450
    
$84,516
    
$-
    
$657,590
  
Financial services
  
 
    
 
    
13,338
    
159,107
    
 
    
172,445
  
Notes payable
  
 
    
1,672,514
    
5,084
    
317
    
 
    
1,677,915
  
Intercompany payable
  
157,993
    
 
    
1,157,453
    
 
    
(1,315,446
 )  
-
  
Amounts due to consolidated subsidiaries
  
82,951
    
 
    
 
    
 
    
(82,951
 )  
-
  
Stockholders’ (deficit) equity
  
(128,510
 )  
(208,608
 )  
130,568
    
437,631
    
(359,591
 )  
(128,510
 )
Total liabilities and equity
  
$115,940
    
$1,465,024
    
$1,874,893
    
$681,571
    
$(1,757,988
 )  
$2,379,440
  
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Nonguarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Assets:
                                    
Homebuilding
  
$-
    
$230,358
    
$1,553,811
    
$367,869
    
$-
    
$2,152,038
  
Financial services
  
 
    
 
    
15,680
    
144,301
    
 
    
159,981
  
Income taxes receivable
  
128,176
    
(89,212
)
  
251,293
    
22
    
 
    
290,279
  
Intercompany receivable
  
 
    
1,575,712
    
 
    
58,280
    
(1,633,992
)
  
-
  
Investments in and amounts due from consolidated subsidiaries
  
 
    
1,013
    
383,032
    
 
    
(384,045
)
  
-
  
Total assets
  
$128,176
    
$1,717,871
    
$2,203,816
    
$570,472
    
$(2,018,037
)
  
$2,602,298
  
Liabilities and equity:
                                    
Homebuilding
  
$3,076
    
$87
    
$588,854
    
$65,947
    
$-
    
$657,964
  
Financial services
  
 
    
 
    
15,677
    
121,106
    
 
    
136,783
  
Notes payable
  
 
    
1,933,119
    
2,132
    
384
    
 
    
1,935,635
  
Intercompany payable
  
180,681
    
 
    
1,453,311
    
 
    
(1,633,992
)
  
-
  
Amounts due to consolidated subsidiaries
  
72,503
    
 
    
 
    
 
    
(72,503
)
  
-
  
Stockholders’ (deficit) equity
  
(128,084
)
  
(215,335
)
  
143,842
    
383,035
    
(311,542
)
  
(128,084
)
Total liabilities and equity
  
$128,176
    
$1,717,871
    
$2,203,816
    
$570,472
    
$(2,018,037
)
  
$2,602,298
  
Condensed Income Statement [Table Text Block]
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Revenues:
                                    
Homebuilding
  
$-
    
$-
    
$2,232,906
    
$446,724
    
$-
    
$2,679,630
  
Financial services
  
 
    
 
    
11,038
    
61,579
    
 
    
72,617
  
Intercompany charges
  
 
    
112,207
    
 
    
 
    
(112,207
)
  
-
  
Total revenues
  
-
    
112,207
    
2,243,944
    
508,303
    
(112,207
)
  
2,752,247
  
Expenses:
                                    
Homebuilding
  
1,688
    
136,796
    
2,147,123
    
419,514
    
 
    
2,705,121
  
Financial services
  
16
    
 
    
7,387
    
29,741
    
 
    
37,144
  
Intercompany charges
  
 
    
 
    
112,169
    
38
    
(112,207
)
  
-
  
Total expenses
  
1,704
    
136,796
    
2,266,679
    
449,293
    
(112,207
)
  
2,742,265
  
Loss on extinguishment of debt
  
 
    
(3,200
)
  
 
    
 
    
 
    
(3,200
)
Income (loss) from unconsolidated joint ventures
  
 
    
 
    
78
    
(4,424
)
  
 
    
(4,346
)
(Loss) income before income taxes
  
(1,704
)
  
(27,789
)
  
(22,657
)
  
54,586
    
-
    
2,436
  
State and federal income tax (benefit) provision
  
(9,333
)
  
(30,615
)
  
45,213
    
(10
)
  
 
    
5,255
  
Equity in (loss) income from subsidiaries
  
(10,448
)
  
3,901
    
54,596
    
 
    
(48,049
)
  
-
  
Net (loss) income
  
$(2,819
)
  
$6,727
    
$(13,274
)
  
$54,596
    
$(48,049
)
  
$(2,819
)
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Revenues:
                                    
Homebuilding
  
$-
    
$-
    
$1,778,700
    
$313,115
    
$-
    
$2,091,815
  
Financial services
  
 
    
 
    
8,685
    
47,980
    
 
    
56,665
  
Intercompany charges
  
 
    
124,361
    
 
    
 
    
(124,361
)
  
-
  
Total revenues
  
-
    
124,361
    
1,787,385
    
361,095
    
(124,361
)
  
2,148,480
  
Expenses:
                                    
Homebuilding
  
5,125
    
155,773
    
1,686,726
    
294,818
    
 
    
2,142,442
  
Financial services
  
105
    
 
    
6,490
    
25,377
    
 
    
31,972
  
Intercompany charges
  
 
    
 
    
124,360
    
1
    
(124,361
)
  
-
  
Total expenses
  
5,230
    
155,773
    
1,817,576
    
320,196
    
(124,361
)
  
2,174,414
  
Income from unconsolidated joint ventures
  
 
    
 
    
82
    
4,087
    
 
    
4,169
  
(Loss) income before income taxes
  
(5,230
)
  
(31,412
)
  
(30,109
)
  
44,986
    
-
    
(21,765
)
State and federal income tax (benefit) provision
  
(10,985
)
  
(30,486
)
  
35,808
    
(2
)
  
 
    
(5,665
)
Equity in (loss) income from subsidiaries
  
(21,855
)
  
12,915
    
44,988
    
 
    
(36,048
)
  
-
  
Net (loss) income
  
$(16,100
)
  
$11,989
    
$(20,929
)
  
$44,988
    
$(36,048
)
  
$(16,100
)
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Revenues:
                                    
Homebuilding
  
$25
    
$-
    
$1,651,343
    
$369,598
    
$-
    
$2,020,966
  
Financial services
  
 
    
 
    
9,572
    
32,842
    
 
    
42,414
  
Intercompany charges
  
 
    
100,878
    
 
    
 
    
(100,878
)
  
-
  
Total revenues
  
25
    
100,878
    
1,660,915
    
402,440
    
(100,878
)
  
2,063,380
  
Expenses:
                                    
Homebuilding
  
3,286
    
131,730
    
1,549,659
    
336,651
    
 
    
2,021,326
  
Financial services
  
20
    
 
    
6,832
    
21,764
    
 
    
28,616
  
Intercompany charges
  
 
    
 
    
100,878
    
 
    
(100,878
)
  
-
  
Total expenses
  
3,306
    
131,730
    
1,657,369
    
358,415
    
(100,878
)
  
2,049,942
  
Loss on extinguishment of debt
  
 
    
(1,155
)
  
 
    
 
    
 
    
(1,155
)
Income from unconsolidated joint ventures
  
 
    
 
    
94
    
7,803
    
 
    
7,897
  
Income (loss) before income taxes
  
(3,281
)
  
(32,007
)
  
3,640
    
51,828
    
-
    
20,180
  
State and federal income tax (benefit) provision
  
(298,775
)
  
(908
)
  
12,719
    
 
    
 
    
(286,964
)
Equity in income (loss) from subsidiaries
  
11,650
    
(14,177
)
  
51,828
    
 
    
(49,301
)
  
-
  
Net income (loss)
  
$307,144
    
$(45,276
)
  
$42,749
    
$51,828
    
$(49,301
)
  
$307,144
  
Condensed Cash Flow Statement [Table Text Block]
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Cash flows from operating activities:
                                    
Net (loss) income
  
$(2,819
)
  
$6,727
    
$(13,274
)
  
$54,596
    
$(48,049
)
  
$(2,819
)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities
  
15,059
    
(26,032
)
  
353,149
    
259
    
48,049
    
390,484
  
Net cash provided by (used in) operating activities
  
12,240
    
(19,305
)
  
339,875
    
54,855
    
-
    
387,665
  
Cash flows from investing activities:
                                    
Proceeds from sale of property and assets
  
 
    
 
    
685
    
79
    
 
    
764
  
Purchase of property, equipment and other fixed assets and acquisitions
  
 
    
 
    
(7,977
)
  
(30
)
  
 
    
(8,007
)
Decrease in restricted cash related to mortgage company
  
 
    
 
    
 
    
2,034
    
 
    
2,034
  
Decrease in restricted cash related to letters of credit
  
 
    
872
    
 
    
 
    
 
    
872
  
Investments in and advances to unconsolidated joint ventures
  
 
    
(290
)
  
(74
)
  
(49,541
)
  
 
    
(49,905
)
Distributions of capital from unconsolidated joint ventures
  
 
    
 
    
 
    
5,264
    
 
    
5,264
  
Intercompany investing activities
  
 
    
344,479
    
 
    
 
    
(344,479
)
  
-
  
Net cash (used in) provided by investing activities
  
-
    
345,061
    
(7,366
)
  
(42,194
)
  
(344,479
)
  
(48,978
)
Cash flows from financing activities:
                                    
Net payments from mortgages and notes
  
 
    
 
    
(60,535
)
  
(476
)
  
 
    
(61,011
)
Net payments from model sale leaseback financing programs
  
 
    
 
    
(14,004
)
  
(3,134
)
  
 
    
(17,138
)
Net proceeds from land bank financing programs
  
 
    
 
    
53,654
    
11,980
    
 
    
65,634
  
Borrowings from revolving credit facility
  
 
    
5,000
    
 
    
 
    
 
    
5,000
  
Proceeds from senior secured term loan facility
  
 
    
75,000
    
 
    
 
    
 
    
75,000
  
Net proceeds from senior secured notes
  
 
    
71,250
    
 
    
 
    
 
    
71,250
  
Payments related to senior notes, senior exchangeable notes and senior amortizing notes
  
 
    
(409,646
)
  
 
    
 
    
 
    
(409,646
)
Net proceeds related to mortgage warehouse lines of credit
  
 
    
 
    
 
    
36,713
    
 
    
36,713
  
Deferred financing costs from land bank financing program and note issuance
  
 
    
(5,125
)
  
(4,812
)
  
(1,532
)
  
 
    
(11,469
)
Intercompany financing activities – net
  
(12,240
)
  
 
    
(302,407
)
  
(29,832
)
  
344,479
    
-
  
Net cash (used in) provided by financing activities
  
(12,240
)
  
(263,521
)
  
(328,104
)
  
13,719
    
344,479
    
(245,667
)
Net increase in cash
  
-
    
62,235
    
4,405
    
26,380
    
-
    
93,020
  
Cash and cash equivalents balance, beginning of period
  
-
    
199,318
    
(4,800
)
  
59,227
    
-
    
253,745
  
Cash and cash equivalents balance, end of period
  
$-
    
$261,553
    
$(395
)
  
$85,607
    
$-
    
$346,765
  
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Cash flows from operating activities:
                                    
Net (loss) income
  
$(16,100
)
  
$11,989
    
$(20,929
)
  
$44,988
    
$(36,048
)
  
$(16,100
)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities
  
122,264
    
110,820
    
(456,704
)
  
(116,863
)
  
36,048
    
(304,435
)
Net cash (used in) provided by operating activities
  
106,164
    
122,809
    
(477,633
)
  
(71,875
)
  
-
    
(320,535
)
Cash flows from investing activities:
                                    
Proceeds from sale of property and assets
  
 
    
 
    
1,556
    
17
    
 
    
1,573
  
Purchase of property, equipment and other fixed assets and acquisitions
  
 
    
 
    
(2,054
)
  
 
    
 
    
(2,054
)
Decrease in restricted cash related to mortgage company
  
 
    
 
    
 
    
1,555
    
 
    
1,555
  
Decrease in restricted cash related to letters of credit
  
 
    
2,993
    
 
    
 
    
 
    
2,993
  
Investments in and advances to unconsolidated joint ventures
  
 
    
16
    
(114
)
  
(18,609
)
  
 
    
(18,707
)
Distributions of capital from unconsolidated joint ventures
  
 
    
315
    
646
    
16,151
    
 
    
17,112
  
Intercompany investing activities
  
 
    
(313,174
)
  
 
    
 
    
313,174
    
-
  
Net cash provided by (used in) investing activities
  
-
    
(309,850
)
  
34
    
(886
)
  
313,174
    
2,472
  
Cash flows from financing activities:
                                    
Net proceeds from mortgages and notes
  
 
    
 
    
27,881
    
11,502
    
 
    
39,383
  
Net proceeds from model sale leaseback financing programs
  
 
    
 
    
17,117
    
5,867
    
 
    
22,984
  
Net payments from land bank financing programs
  
 
    
 
    
(6,198
)
  
(1,147
)
  
 
    
(7,345
)
Proceeds from senior notes
  
 
    
250,000
    
 
    
 
    
 
    
250,000
  
Payments related to senior notes
  
 
    
(60,815
)
  
 
    
 
    
 
    
(60,815
)
Borrowings from revolving credit facility
  
 
    
47,000
    
 
    
 
    
 
    
47,000
  
Net proceeds related to mortgage warehouse lines of credit
  
 
    
 
    
 
    
31,956
    
 
    
31,956
  
Deferred financing costs from land bank financing programs and note issuances
  
 
    
(5,096
)
  
(2,732
)
  
(1,187
)
  
 
    
(9,015
)
Principal payments on amortizing and debt repurchases
  
 
    
(4,238
)
  
 
    
 
    
 
    
(4,238
)
Intercompany financing activities
  
(106,164
)
  
 
    
441,457
    
(22,119
)
  
(313,174
)
  
-
  
Net cash provided by (used in) financing activities
  
(106,164
)
  
226,851
    
477,525
    
24,872
    
(313,174
)
  
309,910
  
Net (decrease) increase in cash
  
-
    
39,810
    
(74
)
  
(47,889
)
  
-
    
(8,153
)
Cash and cash equivalents balance, beginning of period
  
-
    
159,508
    
(4,726
)
  
107,116
    
-
    
261,898
  
Cash and cash equivalents balance, end of period
  
$-
    
$199,318
    
$(4,800
)
  
$59,227
    
$-
    
$253,745
  
(In thousands)
 
Parent
 
 
Subsidiary
Issuer
 
 
Guarantor
Subsidiaries
 
 
Non-Guarantor
Subsidiaries
 
 
Eliminations
 
 
Consolidated
 
Cash flows from operating activities:
                                    
Net income (loss)
  
$307,144
    
$(45,276
)
  
$42,749
    
$51,828
    
$(49,301
)
  
$307,144
  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
  
(277,932
)
  
14,334
    
(303,507
)
  
20,075
    
49,301
    
(497,729
)
Net cash (used in) provided by operating activities
  
29,212
    
(30,942
)
  
(260,758
)
  
71,903
    
-
    
(190,585
)
Cash flows from investing activities:
                                    
Proceeds from sale of property and assets
  
 
    
 
    
467
    
48
    
 
    
515
  
Purchase of property, equipment and other fixed assets and acquisitions
  
 
    
 
    
(3,395
)
  
(28
)
  
 
    
(3,423
)
(Increase) in restricted cash related to mortgage company
  
 
    
 
    
 
    
(655
)
  
 
    
(655
)
Investments in and advances to unconsolidated joint ventures
  
 
    
(95
)
  
(831
)
  
(20,773
)
  
 
    
(21,699
)
Distributions of capital from unconsolidated joint ventures
  
 
    
203
    
3,787
    
7,117
    
 
    
11,107
  
Intercompany investing activities
  
 
    
(167,370
)
  
 
    
 
    
167,370
    
-
  
Net cash (used in) provided by investing activities
  
-
    
(167,262
)
  
28
    
(14,291
)
  
167,370
    
(14,155
)
Cash flows from financing activities:
                                    
Net proceeds from mortgages and notes
  
 
    
 
    
39,345
    
1,425
    
 
    
40,770
  
Net proceeds from model sale leaseback financing programs
  
 
    
 
    
17,232
    
1,982
    
 
    
19,214
  
Net payments from land bank financing programs
  
 
    
 
    
(8,297
)
  
(9,009
)
  
 
    
(17,306
)
Net proceeds from senior notes
  
 
    
121,447
    
 
    
 
    
 
    
121,447
  
Net payments related to mortgage warehouse lines of credit
  
 
    
 
    
 
    
(14,744
)
  
 
    
(14,744
)
Deferred financing costs from land bank financing programs and note issuances
  
 
    
(7,205
)
  
(4,051
)
  
(691
)
  
 
    
(11,947
)
Intercompany financing activities
  
(29,212
)
  
 
    
218,254
    
(21,672
)
  
(167,370
)
  
-
  
Net cash provided by (used in) financing activities
  
(29,212
)
  
114,242
    
262,483
    
(42,709
)
  
(167,370
)
  
137,434
  
Net (decrease) increase in cash and cash equivalents
  
-
    
(83,962
)
  
1,753
    
14,903
    
-
    
(67,306
)
Cash and cash equivalents balance, beginning of period
  
 
    
243,470
    
(6,479
)
  
92,213
    
 
    
329,204
  
Cash and cash equivalents balance, end of period
  
$-
    
$159,508
    
$(4,726
)
  
$107,116
    
$-
    
$261,898