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Note 21 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables) | 3 Months Ended
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Jan. 31, 2016
Disclosure Text Block Supplement [Abstract] |
Condensed Balance Sheet [Table Text Block] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $147,194 |  |  | $1,503,913 |  |  | $420,787 |  |  | $- |  |  | $2,071,894 |
Financial services |  |  |  |  |  |  |  | 16,099 |  |  | 177,359 |  |  |  |  |  | 193,458 |
Income taxes receivable |  | 140,493 |  |  | (82,294 | ) |  | 229,167 |  |  | 22 |  |  |  |  |  | 287,388 |
Intercompany receivable |  |  |  |  | 1,471,938 |  |  |  |  |  | 60,268 |  |  | (1,532,206 | ) |  | - |
Investments in and amounts due from consolidated subsidiaries |  |  |  |  |  |  |  | 398,585 |  |  |  |  |  | (398,585 | ) |  | - |
Total assets |  | $140,493 |  |  | $1,536,838 |  |  | $2,147,764 |  |  | $658,436 |  |  | $(1,930,791 | ) |  | $2,552,740 |
LIABILITIES AND EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $2,508 |  |  | $112 |  |  | $667,519 |  |  | $106,991 |  |  | $- |  |  | $777,130 |
Financial services |  |  |  |  |  |  |  | 15,633 |  |  | 152,418 |  |  |  |  |  | 168,051 |
Notes payable |  |  |  |  | 1,747,427 |  |  | 2,833 |  |  | 439 |  |  |  |  |  | 1,750,699 |
Intercompany payable |  | 179,839 |  |  |  |  |  | 1,352,367 |  |  |  |  |  | (1,532,206 | ) |  | - |
Amounts due to consolidated subsidiaries |  | 101,286 |  |  | 12,497 |  |  |  |  |  |  |  |  | (113,783 | ) |  | - |
Stockholders’ (deficit) equity |  | (143,140 | ) |  | (223,198 | ) |  | 109,412 |  |  | 398,588 |  |  | (284,802 | ) |  | (143,140 | )
Total liabilities and equity |  | $140,493 |  |  | $1,536,838 |  |  | $2,147,764 |  |  | $658,436 |  |  | $(1,930,791 | ) |  | $2,552,740 |
|  | 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] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $- |  |  | $474,910 |  |  | $82,469 |  |  | $- |  |  | $557,379 |
Financial services |  |  |  |  |  |  |  | 2,245 |  |  | 15,981 |  |  |  |  |  | 18,226 |
Intercompany charges |  |  |  |  | 34,540 |  |  |  |  |  |  |  |  | (34,540 | ) |  | - |
Total revenues |  | - |  |  | 34,540 |  |  | 477,155 |  |  | 98,450 |  |  | (34,540 | ) |  | 575,605 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 1,940 |  |  | 35,811 |  |  | 466,620 |  |  | 74,733 |  |  |  |  |  | 579,104 |
Financial services |  |  |  |  |  |  |  | 1,624 |  |  | 6,591 |  |  |  |  |  | 8,215 |
Intercompany charges |  |  |  |  |  |  |  | 34,463 |  |  | 77 |  |  | (34,540 | ) |  | - |
Total expenses |  | 1,940 |  |  | 35,811 |  |  | 502,707 |  |  | 81,401 |  |  | (34,540 | ) |  | 587,319 |
(Loss) income from unconsolidated joint ventures |  |  |  |  |  |  |  | 16 |  |  | (1,496 | ) |  |  |  |  | (1,480 | )
(Loss) income before income taxes |  | (1,940 | ) |  | (1,271 | ) |  | (25,536 | ) |  | 15,553 |  |  | - |  |  | (13,194 | )
State and federal income tax provision (benefit) |  | (14,550 | ) |  | (6,918 | ) |  | 24,447 |  |  |  |  |  |  |  |  | 2,979 |
Equity in (loss) income of consolidated subsidiaries |  | (28,783 | ) |  | (13,510 | ) |  | 15,553 |  |  |  |  |  | 26,740 |  |  | - |
Net (loss) income |  | $(16,173 | ) |  | $(7,863 | ) |  | $(34,430 | ) |  | $15,553 |  |  | $26,740 |  |  | $(16,173 | )
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $- |  |  | $365,189 |  |  | $69,403 |  |  | $- |  |  | $434,592 |
Financial services |  |  |  |  |  |  |  | 1,833 |  |  | 9,289 |  |  |  |  |  | 11,122 |
Intercompany charges |  |  |  |  | 28,512 |  |  |  |  |  |  |  |  | (28,512 | ) |  | - |
Total revenues |  | - |  |  | 28,512 |  |  | 367,022 |  |  | 78,692 |  |  | (28,512 | ) |  | 445,714 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 3,711 |  |  | 37,828 |  |  | 357,509 |  |  | 60,481 |  |  |  |  |  | 459,529 |
Financial services |  | 68 |  |  |  |  |  | 1,573 |  |  | 5,676 |  |  |  |  |  | 7,317 |
Intercompany charges |  |  |  |  |  |  |  | 28,382 |  |  | 130 |  |  | (28,512 | ) |  | - |
Total expenses |  | 3,779 |  |  | 37,828 |  |  | 387,464 |  |  | 66,287 |  |  | (28,512 | ) |  | 466,846 |
Income (loss) from unconsolidated joint ventures |  |  |  |  |  |  |  | (14 | ) |  | 1,466 |  |  |  |  |  | 1,452 |
(Loss) income before income taxes |  | (3,779 | ) |  | (9,316 | ) |  | (20,456 | ) |  | 13,871 |  |  | - |  |  | (19,680 | )
State and federal income tax (benefit) provision |  | (12,286 | ) |  |  |  |  | 6,982 |  |  |  |  |  |  |  |  | (5,304 | )
Equity in (loss) income of consolidated subsidiaries |  | (22,883 | ) |  | (12,806 | ) |  | 13,871 |  |  |  |  |  | 21,818 |  |  | - |
Net (loss) income |  | $(14,376 | ) |  | $(22,122 | ) |  | $(13,567 | ) |  | $13,871 |  |  | $21,818 |  |  | $(14,376 | )
Condensed Cash Flow Statement [Table Text Block] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $(16,173 | ) |  | $(7,863 | ) |  | $(34,430 | ) |  | $15,553 |  |  | $26,740 |  |  | $(16,173 | )
Adjustments to reconcile net (loss) income to net cash used in operating activities |  | (11,768 | ) |  | (16,045 | ) |  | 80,623 |  |  | (74,978 | ) |  | (26,740 | ) |  | (48,908 | )
Net cash (used in) provided by operating activities |  | (27,941 | ) |  | (23,908 | ) |  | 46,193 |  |  | (59,425 | ) |  | - |  |  | (65,081 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 72 |  |  | 21 |  |  |  |  |  | 93 |
Purchase of property, equipment & other fixed assets and acquisitions |  |  |  |  |  |  |  | (1,223 | ) |  | (30 | ) |  |  |  |  | (1,253 | )
Increase in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | (81 | ) |  |  |  |  | (81 | )
Decrease in restricted cash related to letters of credit |  |  |  |  | 52 |  |  |  |  |  |  |  |  |  |  |  | 52 |
Investments in and advances to unconsolidated joint ventures |  |  |  |  | (130 | ) |  | (865 | ) |  | (10,502 | ) |  |  |  |  | (11,497 | )
Distributions of capital from unconsolidated joint ventures |  |  |  |  |  |  |  | 80 |  |  | 2,052 |  |  |  |  |  | 2,132 |
Intercompany investing activities |  |  |  |  | 117,284 |  |  |  |  |  |  |  |  | (117,284 | ) |  | - |
Net cash (used in) provided by investing activities |  | - |  |  | 117,206 |  |  | (1,936 | ) |  | (8,540 | ) |  | (117,284 | ) |  | (10,554 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net payments from mortgages and notes |  |  |  |  |  |  |  | (10,035 | ) |  | (5,358 | ) |  |  |  |  | (15,393 | )
Net proceeds from model sale leaseback financing programs |  |  |  |  |  |  |  | 2,118 |  |  | 111 |  |  |  |  |  | 2,229 |
Net proceeds from land bank financing programs |  |  |  |  |  |  |  | 106,813 |  |  | 28,261 |  |  |  |  |  | 135,074 |
Payments related to senior notes and senior amortizing notes |  |  |  |  | (175,040 | ) |  |  |  |  |  |  |  |  |  |  | (175,040 | )
Net proceeds related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | 31,481 |  |  |  |  |  | 31,481 |
Deferred financing cost from land bank financing program and note issuances |  |  |  |  |  |  |  | (2,496 | ) |  | (1,387 | ) |  |  |  |  | (3,883 | )
Intercompany financing activities |  | 27,941 |  |  |  |  |  | (143,237 | ) |  | (1,988 | ) |  | 117,284 |  |  | - |
Net cash (used in) provided by financing activities |  | 27,941 |  |  | (175,040 | ) |  | (46,837 | ) |  | 51,120 |  |  | 117,284 |  |  | (25,532 | )
Net decrease in cash |  | - |  |  | (81,742 | ) |  | (2,580 | ) |  | (16,845 | ) |  | - |  |  | (101,167 | )
Cash and cash equivalents balance, beginning of period |  |  |  |  | 199,318 |  |  | (4,800 | ) |  | 59,227 |  |  |  |  |  | 253,745 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $117,576 |  |  | $(7,380 | ) |  | $42,382 |  |  | $- |  |  | $152,578 |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $(14,376 | ) |  | $(22,122 | ) |  | $(13,567 | ) |  | $13,871 |  |  | $21,818 |  |  | $(14,376 | )
Adjustments to reconcile net (loss) income to net cash used in operating activities |  | (7,520 | ) |  | 3,248 |  |  | (39,948 | ) |  | (115,203 | ) |  | (21,818 | ) |  | (181,241 | )
Net cash used in operating activities |  | (21,896 | ) |  | (18,874 | ) |  | (53,515 | ) |  | (101,332 | ) |  | - |  |  | (195,617 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 156 |  |  | 12 |  |  |  |  |  | 168 |
Purchase of property, equipment & other fixed assets and acquisitions |  |  |  |  |  |  |  | (879 | ) |  |  |  |  |  |  |  | (879 | )
Decrease in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | 387 |  |  |  |  |  | 387 |
Investments in and advances to unconsolidated joint ventures |  |  |  |  | 81 |  |  | 146 |  |  | (11,962 | ) |  |  |  |  | (11,735 | )
Distribution of capital from unconsolidated joint ventures |  |  |  |  |  |  |  |  |  |  | 627 |  |  |  |  |  | 627 |
Intercompany investing activities |  |  |  |  | (159,012 | ) |  |  |  |  |  |  |  | 159,012 |  |  | - |
Net cash used in investing activities |  |  |  |  | (158,931 | ) |  | (577 | ) |  | (10,936 | ) |  | 159,012 |  |  | (11,432 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds from mortgages and notes |  |  |  |  |  |  |  | (10,277 | ) |  | 6,958 |  |  |  |  |  | (3,319 | )
Net proceeds from model sale leaseback financing programs |  |  |  |  |  |  |  | (5,606 | ) |  | (196 | ) |  |  |  |  | (5,802 | )
Net proceeds from land bank financing programs |  |  |  |  |  |  |  | (6,332 | ) |  | (871 | ) |  |  |  |  | (7,203 | )
Net proceeds from senior notes |  |  |  |  | 247,938 |  |  |  |  |  |  |  |  |  |  |  | 247,938 |
Net proceeds related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | (8,153 | ) |  |  |  |  | (8,153 | )
Deferred financing cost from land bank financing program and note issuances |  |  |  |  | (4,627 | ) |  | (114 | ) |  | (270 | ) |  |  |  |  | (5,011 | )
Intercompany financing activities |  | 21,896 |  |  |  |  |  | 76,732 |  |  | 60,384 |  |  | (159,012 | ) |  | - |
Net cash provided by financing activities |  | 21,896 |  |  | 243,311 |  |  | 54,403 |  |  | 57,852 |  |  | (159,012 | ) |  | 218,450 |
Net increase (decrease) in cash and cash equivalents |  | - |  |  | 65,506 |  |  | 311 |  |  | (54,416 | ) |  | - |  |  | 11,401 |
Cash and cash equivalents balance, beginning of period |  |  |  |  | 159,508 |  |  | (4,726 | ) |  | 107,116 |  |  |  |  |  | 261,898 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $225,014 |  |  | $(4,415 | ) |  | $52,700 |  |  | $- |  |  | $273,299 |

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