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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 6 Months Ended
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Apr. 30, 2017
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  |  | April 30, 2017 |
|  |  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | $ | 44,927 |  |  | $ | 162 |  |  | $ | 45,089 |
Inventories |  |  |  | 625,716 |  |  |  | 9,941 |  |  |  | 635,657 |
Other assets |  |  |  | 28,847 |  |  |  | - |  |  |  | 28,847 |
Total assets |  |  | $ | 699,490 |  |  | $ | 10,103 |  |  | $ | 709,593 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | $ | 97,887 |  |  | $ | 473 |  |  | $ | 98,360 |
Notes payable |  |  |  | 289,791 |  |  |  | 1,490 |  |  |  | 291,281 |
Total liabilities |  |  |  | 387,678 |  |  |  | 1,963 |  |  |  | 389,641 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  |  | 89,904 |  |  |  | 3,238 |  |  |  | 93,142 |
Others |  |  |  | 221,908 |  |  |  | 4,902 |  |  |  | 226,810 |
Total equity |  |  |  | 311,812 |  |  |  | 8,140 |  |  |  | 319,952 |
Total liabilities and equity |  |  | $ | 699,490 |  |  | $ | 10,103 |  |  | $ | 709,593 |
Debt to capitalization ratio |  |  |  | 48 | % |  |  | 15 | % |  |  | 48 | %
(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 April 30, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 86,556 |  |  | $ | 1,658 |  |  | $ | 88,214 |
Cost of sales and expenses |  |  | (87,957 | ) |  |  | (1,841 | ) |  |  | (89,798 | )
Joint venture net loss |  | $ | (1,401 | ) |  | $ | (183 | ) |  | $ | (1,584 | )
Our share of net loss |  | $ | (4,583 | ) |  | $ | (92 | ) |  | $ | (4,675 | )
|  | For the Three Months Ended April 30, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 25,760 |  |  | $ | 521 |  |  | $ | 26,281 |
Cost of sales and expenses |  |  | (31,480 | ) |  |  | (96 | ) |  |  | (31,576 | )
Joint venture net (loss) income |  | $ | (5,720 | ) |  | $ | 425 |  |  | $ | (5,295 | )
Our share of net (loss) income |  | $ | (1,353 | ) |  | $ | 213 |  |  | $ | (1,140 | )
|  | For the Six Months Ended April 30, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 151,493 |  |  | $ | 2,860 |  |  | $ | 154,353 |
Cost of sales and expenses |  |  | (155,183 | ) |  |  | (2,823 | ) |  |  | (158,006 | )
Joint venture net (loss) income |  | $ | (3,690 | ) |  | $ | 37 |  |  | $ | (3,653 | )
Our share of net (loss) income |  | $ | (6,264 | ) |  | $ | 18 |  |  | $ | (6,246 | )
|  | For the Six Months Ended April 30, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 46,026 |  |  | $ | 1,617 |  |  | $ | 47,643 |
Cost of sales and expenses |  |  | (55,659 | ) |  |  | (1,319 | ) |  |  | (56,978 | )
Joint venture net (loss) income |  | $ | (9,633 | ) |  | $ | 298 |  |  | $ | (9,335 | )
Our share of net (loss) income |  | $ | (2,849 | ) |  | $ | 149 |  |  | $ | (2,700 | )

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