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Note 17 - Transactions With Related Parties | 12 Months Ended
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Oct. 31, 2018
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | 17. Transactions with Related Parties During the years ended October 31, 2018, 2017 and 2016, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman of the Board and one of our executive officers, provided services to the Company totaling $0.7 million, $0.8 million and $1.0 million, respectively. Neither the Company nor Mr. Hovnanian has a financial interest in the relative’s company from whom the services were provided. Mr. Carson Sorsby, the son of J. Larry Sorsby, one of our directors and executive officers, is employed by the Company’s mortgage subsidiary. His total commissions from the Company’s mortgage affiliate totaled approximately $148,000, $191,000 and $152,000 in fiscal 2018, 2017 and 2016, respectively. Mr. Alexander Hovnanian, the son of Ara K. Hovnanian, our Chairman of the Board and one of our executive officers, is employed by the Company. Mr. Hovnanian was an Area Vice President in the Company’s Hudson/North Jersey Area during fiscal 2018 and was promoted to Division President of the Northeast Division in fiscal 2019. His total compensation was approximately $514,000, $336,000 and $166,000 in fiscal 2018, 2017 and 2016, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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