Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

6 Months Ended

Apr. 30, 2017

Condensed Balance Sheet [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations			Consolidated
ASSETS:
Homebuilding	$	-		$	201,443		$	1,133,656	$	394,507	$	-		$	1,729,606
Financial services								20,377		99,161					119,538
Income taxes receivable		134,291			(43,308	)		193,437		32					284,452
Intercompany receivable					1,249,183					14,076		(1,263,259	)		-
Investments in and amounts due from consolidated subsidiaries								372,077				(372,077	)		-
Total assets	$	134,291		$	1,407,318		$	1,719,547	$	507,776	$	(1,635,336	)	$	2,133,596

LIABILITIES AND EQUITY:
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	$	2,467		$	129		$	488,589	$	57,862	$	-		$	549,047
Financial services								19,725		77,352					97,077
Notes payable and term loan and Revolving credit facility					1,617,889			3,001		485					1,621,375
Intercompany payable		155,137						1,108,125				(1,263,262	)		-
Amounts due to consolidated subsidiaries		110,590			23,975							(134,565	)		-
Stockholders ’ (deficit) equity		(133,903	)		(234,675	)		100,107		372,077		(237,509	)		(133,903	)
Total liabilities and equity	$	134,291		$	1,407,318		$	1,719,547	$	507,776	$	(1,635,336	)	$	2,133,596

	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	$	-		$	-		$	483,942		$	87,499		$	-		$	571,441
Financial services								2,749			11,745						14,494
Intercompany charges					23,218									(23,218	)		-
Total revenues		-			23,218			486,691			99,244			(23,218	)		585,935

Expenses:
Homebuilding		1,471			32,987			472,748			74,264						581,470
Financial services								1,760			5,600						7,360
Intercompany charges								23,218						(23,218	)		-
Total expenses		1,471			32,987			497,726			79,864			(23,218	)		588,830
Loss on extinguishment of debt					(242	)											(242	)
I ncome (loss) from unconsolidated joint ventures								20			(4,582	)					(4,562	)
(Loss) income before income taxes		(1,471	)		(10,011	)		(11,015	)		14,798			-			(7,699	)
State and federal income tax (benefit) provision		(6,272	)		(8,354	)		13,609									(1,017	)
Equity in (loss) income of consolidated subsidiaries		(11,483	)		(14,886	)		14,798						11,571			-
Net (loss) income	$	(6,682	)	$	(16,543	)	$	(9,826	)	$	14,798		$	11,571		$	(6,682	)

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding	$	-		$	-		$	523,418		$	114,302		$	-		$	637,720
Financial services								2,676			14,327						17,003
Intercompany charges					26,567									(26,567	)		-
Total revenues		-			26,567			526,094			128,629			(26,567	)		654,723

Expenses:
Homebuilding		(343	)		33,396			525,553			102,757						661,363
Financial services								1,823			7,795						9,618
Intercompany charges								25,838			729			(26,567	)		-
Total expenses		(343	)		33,396			553,214			111,281			(26,567	)		670,981
Income from unconsolidated joint ventures								7			(1,353	)					(1,346	)
(Loss) income before income taxes		343			(6,829	)		(27,113	)		15,995			-			(17,604	)
State and federal income tax benefit		(4,885	)		(8,410	)		4,152									(9,143	)
Equity in (loss) income of consolidated subsidiaries		(13,689	)		(13,562	)		15,995						11,256			-
Net (loss) income	$	(8,461	)	$	(11,981	)	$	(15,270	)	$	15,995		$	11,256		$	(8,461	)

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding	$	-		$	-		$	939,314		$	171,287		$	-		$	1,110,601
Financial services								5,247			22,096						27,343
Intercompany charges					46,158									(46,158	)		-
Total revenues		-			46,158			944,561			193,383			(46,158	)		1,137,944

Expenses:
Homebuilding		1,999			66,029			917,341			146,912						1,132,281
Financial services								3,473			10,742						14,215
Intercompany charges								46,158						(46,158	)		-
Total expenses		1,999			66,029			966,972			157,654			(46,158	)		1,146,496
Gain on extinguishment of debt					7,404												7,404
I ncome (loss) from unconsolidated joint ventures								36			(6,264	)					(6,228	)
(Loss) income before income taxes		(1,999	)		(12,467	)		(22,375	)		29,465			-			(7,376	)
State and federal income tax (benefit) provision		(22,813	)		(15,289	)		37,551									(551	)
Equity in (loss) income of consolidated subsidiaries		(27,639	)		(28,889	)		29,465						27,063			-
Net (loss) income	$	(6,825	)	$	(26,067	)	$	(30,461	)	$	29,465		$	27,063		$	(6,825	)

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding	$	-		$	-		$	998,328		$	196,771		$	-		$	1,195,099
Financial services								4,921			30,308						35,229
Intercompany charges					61,107									(61,107	)		-
Total revenues		-			61,107			1,003,249			227,079			(61,107	)		1,230,328

Expenses:
Homebuilding		1,597			69,207			992,173			177,490						1,240,467
Financial services								3,447			14,386						17,833
Intercompany charges								60,301			806			(61,107	)		-
Total expenses		1,597			69,207			1,055,921			192,682			(61,107	)		1,258,300
Income (loss) from unconsolidated joint ventures								23			(2,849	)					(2,826	)
(Loss) income before income taxes		(1,597	)		(8,100	)		(52,649	)		31,548			-			(30,798	)
State and federal income tax (benefit) provision		(19,435	)		(15,328	)		28,599									(6,164	)
Equity in (loss) income of consolidated subsidiaries		(42,472	)		(27,072	)		31,548						37,996			-
Net (loss) income	$	(24,634	)	$	(19,844	)	$	(49,700	)	$	31,548		$	37,996		$	(24,634	)

Condensed Cash Flow Statement [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(6,825	)	$	(26,067	)	$	(30,461	)	$	29,465		$	27,063		$	(6,825	)
Adjustments to reconcile net (loss) income to net cash used in operating activities		(17,958	)		(14,731	)		168,583			15,212			(27,063	)		124,043
Net cash (used in) provided by operating activities		(24,783	)		(40,798	)		138,122			44,677			-			117,218
Cash flows from investing activities:
Proceeds from sale of property and assets								86									86
Purchase of property, equipment & other fixed assets and acquisitions								(4,500	)								(4,500	)
Increase in restricted cash related to mortgage company											(2,715	)					(2,715	)
Decrease in restricted cash related to letters of credit					1												1
Investments in and advances to unconsolidated joint ventures					(240	)					(23,128	)					(23,368	)
Distributions of capital from unconsolidated joint ventures								27			10,708						10,735
Intercompany investing activities					7,043									(7,043	)		-
Net cash provided by (used in) investing activities		-			6,804			(4,387	)		(15,135	)		(7,043	)		(19,761	)
Cash flows from financing activities:
Net payments related to mortgages and notes								(3,116	)		(13,124	)					(16,240	)
Net proceeds from model sale leaseback financing programs								698			(2,516	)					(1,818	)
Net proceeds from land bank financing programs								(27,176	)		(5,798	)					(32,974	)
Payments related to senior notes and senior amortizing notes					(33,327	)											(33,327	)
Net proceeds related to mortgage warehouse lines of credit											(75,471	)					(75,471	)
Deferred financing costs from land bank financing programs and note issuances					(2,459	)		(973	)		(173	)					(3,605	)
Intercompany financing activities		24,783						(105,862	)		74,036			7,043			-
Net cash provided by (used in) financing activities		24,783			(35,786	)		(136,429	)		(23,046	)		7,043			(163,435	)
Net (decrease) increase in cash		-			(69,780	)		(2,694	)		6,496			-			(65,978	)
Cash and cash equivalents balance, beginning of period					261,553			(395	)		85,607						346,765
Cash and cash equivalents balance, end of period	$	-		$	191,773		$	(3,089	)	$	92,103		$	-		$	280,787

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(24,634	)	$	(19,844	)	$	(49,700	)	$	31,548		$	37,996		$	(24,634	)
Adjustments to reconcile net (loss) income to net cash used in operating activities		(12,034	)		22,078			120,711			(99,312	)		(37,996	)		(6,553	)
Net cash (used in) provided by operating activities		(36,668	)		2,234			71,011			(67,764	)		-			(31,187	)
Cash flows from investing activities:
Proceeds from sale of property and assets								94			21						115
Purchase of property, equipment & other fixed assets and acquisitions								(1,620	)		(31	)					(1,651	)
Increase in restricted cash related to mortgage company											(204	)					(204	)
Decrease in restricted cash related to letters of credit					325												325
Investments in and advances to unconsolidated joint ventures					(130	)		(990	)		(15,623	)					(16,743	)
Distributions of capital from unconsolidated joint ventures					(186	)		1,087			4,164						5,065
Intercompany investing activities					80,160									(80,160	)		-
Net cash (used in) provided by investing activities		-			80,169			(1,429	)		(11,673	)		(80,160	)		(13,093	)
Cash flows from financing activities:
Net payments related to mortgages and notes								(13,649	)		(5,490	)					(19,139	)
Net proceeds from model sale leaseback financing programs								3,179			(1,960	)					1,219
Net proceeds from land bank financing programs								90,425			24,048						114,473
Payments related to senior notes and senior amortizing notes					(175,040	)											(175,040	)
Borrowings from revolving credit facility					3,000												3,000
Net proceeds related to mortgage warehouse lines of credit											257						257
Deferred financing costs from land bank financing programs and note issuances								(3,380	)		(1,201	)					(4,581	)
Intercompany financing activities		36,668						(146,900	)		30,072			80,160			-
Net cash (used in) provided by financing activities		36,668			(172,040	)		(70,325	)		45,726			80,160			(79,811	)
Net decrease in cash and cash equivalents		-			(89,637	)		(743	)		(33,711	)		-			(124,091	)
Cash and cash equivalents balance, beginning of period					199,318			(4,800	)		59,227						253,745
Cash and cash equivalents balance, end of period	$	-		$	109,681		$	(5,543	)	$	25,516		$	-		$	129,654