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Note 19 - Fair Value of Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2017

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(In thousands)	Fair Value Hierarchy		Fair Value at July 31, 2017				Fair Value at October 31, 2016
Mortgage loans held for sale (1)	Level 2		$	77,505			$	165,077
Interest rate lock commitments	Level 2			65				(80	)
Forward contracts	Level 2			(99	)			86
Total			$	77,471			$	165,083

Fair Value, Option, Quantitative Disclosures [Table Text Block]

		Three Months Ended July 31, 2017
(In thousands)		Mortgage Loans Held For Sale				Interest Rate Lock Commitments				Forward Contracts
Changes in fair value included in net loss all reflected in financial services revenues		$	(532	)		$	(34	)		$	206

		Three Months Ended July 31, 2016
(In thousands)		Mortgage Loans Held For Sale				Interest Rate Lock Commitments				Forward Contracts
Changes in fair value included in net loss all reflected in financial services revenues		$	(175	)		$	560			$	(268	)

		Nine Months Ended July 31, 2017
(In thousands)		Mortgage Loans Held For Sale				Interest Rate Lock Commitments				Forward Contracts
Changes in fair value included in net loss all reflected in financial services revenues		$	(2,911	)		$	145			$	(186	)

		Nine Months Ended July 31, 2016
(In thousands)		Mortgage Loans Held For Sale				Interest Rate Lock Commitments				Forward Contracts
Changes in fair value included in net loss all reflected in financial services revenues		$	3,654			$	590			$	(818	)

Fair Value Measurements, Nonrecurring [Table Text Block]

			Three Months Ended
			July 31, 2017
(In thousands)	Fair Value Hierarchy		Pre-Impairment Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	-			$	-			$	-
Land and land options held for future development or sale	Level 3		$	15,852			$	(3,215	)		$	12,637

			Three Months Ended
			July 31, 2016
(In thousands)	Fair Value Hierarchy		Pre-Impairment Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	-			$	-			$	-
Land and land options held for future development or sale	Level 3		$	5,407			$	(1,282	)		$	4,125

			Nine Months Ended
			July 31, 2017
(In thousands)	Fair Value Hierarchy		Pre-Impairment Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	14,776			$	(4,136	)		$	10,640
Land and land options held for future development or sale	Level 3		$	22,178			$	(3,296	)		$	18,882

			Nine Months Ended
			July 31, 2016
(In thousands)	Fair Value Hierarchy		Pre-Impairment Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	44,238			$	(14,399	)		$	29,839
Land and land options held for future development or sale	Level 3		$	6,576			$	(1,976	)		$	4,600

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

+ References

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-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
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+ References

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