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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, 2018
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | April 30, 2018 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 31,166 |  |  | $ | 2,414 |  |  | $ | 33,580 |
Inventories |  |  | 651,968 |  |  |  | 6,923 |  |  |  | 658,891 |
Other assets |  |  | 29,695 |  |  |  | - |  |  |  | 29,695 |
Total assets |  | $ | 712,829 |  |  | $ | 9,337 |  |  | $ | 722,166 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 96,770 |  |  | $ | 504 |  |  | $ | 97,274 |
Notes payable |  |  | 371,382 |  |  |  | - |  |  |  | 371,382 |
Total liabilities |  |  | 468,152 |  |  |  | 504 |  |  |  | 468,656 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 79,690 |  |  |  | 3,914 |  |  |  | 83,604 |
Others |  |  | 164,987 |  |  |  | 4,919 |  |  |  | 169,906 |
Total equity |  |  | 244,677 |  |  |  | 8,833 |  |  |  | 253,510 |
Total liabilities and equity |  | $ | 712,829 |  |  | $ | 9,337 |  |  | $ | 722,166 |
Debt to capitalization ratio |  |  | 60 | % |  |  | 0 | % |  |  | 59 | %
(Dollars in thousands) |  | October 31, 2017 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 60,580 |  |  | $ | 194 |  |  | $ | 60,774 |
Inventories |  |  | 666,017 |  |  |  | 9,162 |  |  |  | 675,179 |
Other assets |  |  | 36,026 |  |  |  | - |  |  |  | 36,026 |
Total assets |  | $ | 762,623 |  |  | $ | 9,356 |  |  | $ | 771,979 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 121,646 |  |  | $ | 429 |  |  | $ | 122,075 |
Notes payable |  |  | 330,642 |  |  |  | - |  |  |  | 330,642 |
Total liabilities |  |  | 452,288 |  |  |  | 429 |  |  |  | 452,717 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 88,884 |  |  |  | 3,746 |  |  |  | 92,630 |
Others |  |  | 221,451 |  |  |  | 5,181 |  |  |  | 226,632 |
Total equity |  |  | 310,335 |  |  |  | 8,927 |  |  |  | 319,262 |
Total liabilities and equity |  | $ | 762,623 |  |  | $ | 9,356 |  |  | $ | 771,979 |
Debt to capitalization ratio |  |  | 52 | % |  |  | 0 | % |  |  | 51 | %
|  | For the Three Months Ended April 30, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 96,931 |  |  | $ | 2,343 |  |  | $ | 99,274 |
Cost of sales and expenses |  |  | (102,230 | ) |  |  | (2,123 | ) |  |  | (104,353 | )
Joint venture net (loss) income |  | $ | (5,299 | ) |  | $ | 220 |  |  | $ | (5,079 | )
Our share of net income |  | $ | 1,296 |  |  | $ | 109 |  |  | $ | 1,405 |
|  | 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 Six Months Ended April 30, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 155,496 |  |  | $ | 3,618 |  |  | $ | 159,114 |
Cost of sales and expenses |  |  | (174,366 | ) |  |  | (3,281 | ) |  |  | (177,647 | )
Joint venture net (loss) income |  | $ | (18,870 | ) |  | $ | 337 |  |  | $ | (18,533 | )
Our share of net (loss) income |  | $ | (3,903 | ) |  | $ | 168 |  |  | $ | (3,735 | )
|  | 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 | )

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