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Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables) | 3 Months Ended
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Jan. 31, 2017
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $147,033 |  |  | $1,216,610 |  |  | $385,082 |  |  | $- |  |  | $1,748,725 |
Financial services |  |  |  |  |  |  |  | 19,392 |  |  | 93,857 |  |  |  |  |  | 113,249 |
Income taxes receivable |  | 130,251 |  |  | (51,663 | ) |  | 204,702 |  |  | 32 |  |  |  |  |  | 283,322 |
Intercompany receivable |  |  |  |  | 1,312,141 |  |  |  |  |  | 7,353 |  |  | (1,319,494 | ) |  | - |
Investments in and amounts due from consolidated subsidiaries |  |  |  |  |  |  |  | 357,276 |  |  |  |  |  | (357,276 | ) |  | - |
Total assets |  | $130,251 |  |  | $1,407,511 |  |  | $1,797,980 |  |  | $486,324 |  |  | $(1,676,770 | ) |  | $2,145,296 |
LIABILITIES AND EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding, excluding Notes payable and term loan and Revolving credit facility |  | $2,179 |  |  | $545 |  |  | $502,953 |  |  | $61,856 |  |  | $- |  |  | $567,533 |
Financial services |  |  |  |  |  |  |  | 19,197 |  |  | 67,173 |  |  |  |  |  | 86,370 |
Notes payable and term loan and Revolving credit facility |  |  |  |  | 1,616,009 |  |  | 3,648 |  |  | 16 |  |  |  |  |  | 1,619,673 |
Intercompany payable |  | 157,245 |  |  |  |  |  | 1,162,249 |  |  |  |  |  | (1,319,494 | ) |  | - |
Amounts due to consolidated subsidiaries |  | 99,107 |  |  | 9,089 |  |  |  |  |  |  |  |  | (108,196 | ) |  | - |
Stockholders’ (deficit) equity |  | (128,280 | ) |  | (218,132 | ) |  | 109,933 |  |  | 357,279 |  |  | (249,080 | ) |  | (128,280 | )
Total liabilities and equity |  | $130,251 |  |  | $1,407,511 |  |  | $1,797,980 |  |  | $486,324 |  |  | $(1,676,770 | ) |  | $2,145,296 |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $271,216 |  |  | $1,194,267 |  |  | $408,610 |  |  | $ - |  |  | $1,874,093 |
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 |  |  | $1,444,867 |  |  | $1,871,606 |  |  | $680,531 |  |  | $(1,757,988 | ) |  | $2,354,956 |
LIABILITIES AND EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding , excluding Notes payable and term loan and Revolving credit facility |  | $3,506 |  |  | $1,118 |  |  | $565,163 |  |  | $83,476 |  |  | $- |  |  | $653,263 |
Financial services |  |  |  |  |  |  |  | 13,338 |  |  | 159,107 |  |  |  |  |  | 172,445 |
Notes payable and term loan and Revolving credit facility |  |  |  |  | 1,652,357 |  |  | 5,084 |  |  | 317 |  |  |  |  |  | 1,657,758 |
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 |  |  | $1,444,867 |  |  | $1,871,606 |  |  | $680,531 |  |  | $(1,757,988 | ) |  | $2,354,956 |
Condensed Income Statement [Table Text Block] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | $- |  |  | $- |  |  | $455,372 |  |  | $83,788 |  |  | $- |  |  | $539,160 |
Financial services |  |  |  |  |  |  |  | 2,498 |  |  | 10,351 |  |  |  |  |  | 12,849 |
Intercompany charges |  |  |  |  | 22,940 |  |  |  |  |  |  |  |  | (22,940 | ) |  | - |
Total revenues |  | - |  |  | 22,940 |  |  | 457,870 |  |  | 94,139 |  |  | (22,940 | ) |  | 552,009 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Homebuilding |  | 528 |  |  | 33,042 |  |  | 444,593 |  |  | 72,648 |  |  |  |  |  | 550,811 |
Financial services |  |  |  |  |  |  |  | 1,713 |  |  | 5,142 |  |  |  |  |  | 6,855 |
Intercompany charges |  |  |  |  |  |  |  | 22,940 |  |  |  |  |  | (22,940 | ) |  | - |
Total expenses |  | 528 |  |  | 33,042 |  |  | 469,246 |  |  | 77,790 |  |  | (22,940 | ) |  | 557,666 |
Gain on extinguishment of debt |  |  |  |  | 7,646 |  |  |  |  |  |  |  |  |  |  |  | 7,646 |
Income (loss) from unconsolidated joint ventures |  |  |  |  |  |  |  | 16 |  |  | (1,682 | ) |  |  |  |  | (1,666 | )
(Loss) income before income taxes |  | (528 | ) |  | (2,456 | ) |  | (11,360 | ) |  | 14,667 |  |  | - |  |  | 323 |
State and federal income tax (benefit) provision |  | (16,541 | ) |  | (6,935 | ) |  | 23,942 |  |  |  |  |  |  |  |  | 466 |
Equity in (loss) income of consolidated subsidiaries |  | (16,156 | ) |  | (14,003 | ) |  | 14,667 |  |  |  |  |  | 15,492 |  |  | - |
Net (loss) income |  | $(143 | ) |  | $(9,524 | ) |  | $(20,635 | ) |  | $14,667 |  |  | $15,492 |  |  | $(143 | )
|  | 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 |
Income (loss) 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 (benefit) provision |  | (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 | )
Condensed Cash Flow Statement [Table Text Block] |
|  | Parent |  |  | Subsidiary Issuer |  |  | Guarantor Subsidiaries |  |  | Nonguarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $(143 | ) |  | $(9,524 | ) |  | $(20,635 | ) |  | $14,667 |  |  | $15,492 |  |  | $(143 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities |  | (15,265 | ) |  | (10,126 | ) |  | 66,555 |  |  | 387 |  |  | (15,492 | ) |  | 26,059 |
Net cash (used in) provided by operating activities |  | (15,408 | ) |  | (19,650 | ) |  | 45,920 |  |  | 15,054 |  |  | - |  |  | 25,916 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and assets |  |  |  |  |  |  |  | 60 |  |  |  |  |  |  |  |  | 60 |
Purchase of property, equipment & other fixed assets and acquisitions |  |  |  |  |  |  |  | (560 | ) |  |  |  |  |  |  |  | (560 | )
Increase in restricted cash related to mortgage company |  |  |  |  |  |  |  |  |  |  | (2,324 | ) |  |  |  |  | (2,324 | )
Decrease in restricted cash related to letters of credit |  |  |  |  | (1 | ) |  |  |  |  |  |  |  |  |  |  | (1 | )
Investments in and advances to unconsolidated joint ventures |  |  |  |  | (93 | ) |  | (94 | ) |  | (14,452 | ) |  |  |  |  | (14,639 | )
Distributions of capital from unconsolidated joint ventures |  |  |  |  |  |  |  | 231 |  |  | 1,708 |  |  |  |  |  | 1,939 |
Intercompany investing activities |  |  |  |  | (70,802 | ) |  |  |  |  |  |  |  | 70,802 |  |  | - |
Net cash (used in) provided by investing activities |  | - |  |  | (70,896 | ) |  | (363 | ) |  | (15,068 | ) |  | 70,802 |  |  | (15,525 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net payments from mortgages and notes |  |  |  |  |  |  |  | 2,154 |  |  | (11,065 | ) |  |  |  |  | (8,911 | )
Net proceeds from model sale leaseback financing programs |  |  |  |  |  |  |  | (2,205 | ) |  | (1,316 | ) |  |  |  |  | (3,521 | )
Net proceeds from land bank financing programs |  |  |  |  |  |  |  | (18,371 | ) |  | (4,491 | ) |  |  |  |  | (22,862 | )
Payments related to senior notes and senior amortizing notes |  |  |  |  | (33,086 | ) |  |  |  |  |  |  |  |  |  |  | (33,086 | )
Net proceeds related to mortgage warehouse lines of credit |  |  |  |  |  |  |  |  |  |  | (86,058 | ) |  |  |  |  | (86,058 | )
Deferred financing cost from land bank financing program and note issuances |  |  |  |  | (528 | ) |  | (397 | ) |  | (13 | ) |  |  |  |  | (938 | )
Intercompany financing activities |  | 15,408 |  |  |  |  |  | (25,365 | ) |  | 80,759 |  |  | (70,802 | ) |  | - |
Net cash provided by (used in) financing activities |  | 15,408 |  |  | (33,614 | ) |  | (44,184 | ) |  | (22,184 | ) |  | (70,802 | ) |  | (155,376 | )
Net decrease in cash and cash equivalents |  | - |  |  | (124,160 | ) |  | 1,373 |  |  | (22,198 | ) |  | - |  |  | (144,985 | )
Cash and cash equivalents balance, beginning of period |  |  |  |  | 261,553 |  |  | (395 | ) |  | 85,607 |  |  |  |  |  | 346,765 |
Cash and cash equivalents balance, end of period |  | $- |  |  | $137,393 |  |  | $978 |  |  | $63,409 |  |  | $- |  |  | $201,780 |
|  | 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 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 mortgage company |  |  |  |  | 52 |  |  |  |  |  |  |  |  |  |  |  | 52 |
Investments in and advances to unconsolidated joint ventures |  |  |  |  | (130 | ) |  | (865 | ) |  | (10,502 | ) |  |  |  |  | (11,497 | )
Distribution of capital from unconsolidated joint ventures |  |  |  |  |  |  |  | 80 |  |  | 2,052 |  |  |  |  |  | 2,132 |
Intercompany investing activities |  |  |  |  | 117,284 |  |  |  |  |  |  |  |  | (117,284 | ) |  | - |
Net cash used in investing activities |  | - |  |  | 117,206 |  |  | (1,936 | ) |  | (8,540 | ) |  | (117,284 | ) |  | (10,554 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds 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 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 |

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