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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2017

Notes Tables

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

		Year Ended October 31,
(In thousands)		2017				2016
State income taxes:
Current		$	2,227			$	1,945
Deferred			-				(9,890	)
Federal income taxes:
Current			-				-
Deferred			-				(275,688	)
Total		$	2,227			$	(283,633	)

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

		Year Ended October 31,
(In thousands)		2017				2016				2015
Current income tax expense (benefit):
Federal (1)		$	-			$	(2,796	)		$	(1,497	)
State (2)			1,371				1,200				523
Total current income tax expense (benefit):			1,371				(1,596	)			(974	)
Federal			275,688				5,594				(8,461	)
State			9,890				1,257				3,770
Total deferred income tax expense (benefit):			285,578				6,851				(4,691	)
Total		$	286,949			$	5,255			$	(5,665	)

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

		Year Ended October 31,
(In thousands)		2017				2016
Deferred tax assets:
Depreciation		$	246			$	1,729
Inventory impairment loss			122,584				174,489
Uniform capitalization of overhead			5,766				6,802
Warranty and legal reserves			8,763				13,238
Deferred income			2,341				5,061
Acquisition intangibles			4,420				8,829
Restricted stock bonus			4,202				4,526
Rent on abandoned space			101				1,006
Stock options			6,539				7,073
Provision for losses			38,831				34,505
Joint venture loss			12,028				4,171
Federal net operating losses			549,862				520,117
State net operating losses			172,307				170,014
Other			20,678				22,862
Total deferred tax assets			948,668				974,422
Deferred tax liabilities:
Debt repurchase income			30,465				60,901
Total deferred tax liabilities			30,465				60,901
Valuation allowance			(918,203	)			(627,943	)
Net deferred income taxes		$	-			$	285,578

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

		Year Ended October 31,
		2017				2016				2015
Computed “expected” tax rate			35.0	%			35.0	%			35.0	%
State income taxes, net of federal income tax benefit			1.0				65.4				(15.6	)
Permanent differences, net			(2.4	)			222.2				(0.4	)
Deferred tax asset valuation allowance impact			(667.8	)			-				-
Tax contingencies			-				0.3				3.2
Adjustments to prior years ’ tax accruals(1)			-				(107.2	)			3.8
Effective tax rate			(634.2	)%			215.7	%			26.0	%

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

	Year Ended October 31,
			2017				2016
Unrecognized tax benefit —November 1,			$	1.1			$	1.1
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	)			(0.2	)
Unrecognized tax benefit —October 31,			$	1.1			$	1.1

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