XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 3 Months Ended
--- | ---
Jan. 31, 2017
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | January 31, 2017 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $39,100 |  |  | $446 |  |  | $39,546 |
Inventories |  | 594,106 |  |  | 11,199 |  |  | 605,305 |
Other assets |  | 29,202 |  |  | - |  |  | 29,202 |
Total assets |  | $662,408 |  |  | $11,645 |  |  | $674,053 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $84,920 |  |  | $943 |  |  | $85,863 |
Notes payable |  | 265,561 |  |  | 2,159 |  |  | 267,720 |
Total liabilities |  | 350,481 |  |  | 3,102 |  |  | 353,583 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 97,074 |  |  | 3,330 |  |  | 100,404 |
Others |  | 214,853 |  |  | 5,213 |  |  | 220,066 |
Total equity |  | 311,927 |  |  | 8,543 |  |  | 320,470 |
Total liabilities and equity |  | $662,408 |  |  | $11,645 |  |  | $674,053 |
Debt to capitalization ratio |  | 46 | % |  | 20 | % |  | 46 | %
(Dollars in thousands) |  | October 31, 2016 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $48,542 |  |  | $1,478 |  |  | $50,020 |
Inventories |  | 516,947 |  |  | 11,010 |  |  | 527,957 |
Other assets |  | 25,865 |  |  | - |  |  | 25,865 |
Total assets |  | $591,354 |  |  | $12,488 |  |  | $603,842 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $72,302 |  |  | $1,812 |  |  | $74,114 |
Notes payable |  | 214,911 |  |  | 2,261 |  |  | 217,172 |
Total liabilities |  | 287,213 |  |  | 4,073 |  |  | 291,286 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 88,379 |  |  | 3,220 |  |  | 91,599 |
Others |  | 215,762 |  |  | 5,195 |  |  | 220,957 |
Total equity |  | 304,141 |  |  | 8,415 |  |  | 312,556 |
Total liabilities and equity |  | $591,354 |  |  | $12,488 |  |  | $603,842 |
Debt to capitalization ratio |  | 41 | % |  | 21 | % |  | 41 | %
|  | For the Three Months Ended January 31, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $64,937 |  |  | $1,202 |  |  | $66,139 |
Cost of sales and expenses |  | (67,226 | ) |  | (982 | ) |  | (68,208 | )
Joint venture net (loss) income |  | $(2,289 | ) |  | $220 |  |  | $(2,069 | )
Our share of net (loss) income |  | $(1,681 | ) |  | $110 |  |  | $(1,571 | )
|  | For the Three Months Ended January 31, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $20,266 |  |  | $1,096 |  |  | $21,362 |
Cost of sales and expenses |  | (24,179 | ) |  | (1,223 | ) |  | (25,402 | )
Joint venture net loss |  | $(3,913 | ) |  | $(127 | ) |  | $(4,040 | )
Our share of net loss |  | $(1,496 | ) |  | $(64 | ) |  | $(1,560 | )

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
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