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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	)

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- 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

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- References

No definition available.

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