XML 72 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures - Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2018
Apr. 30, 2017
Oct. 31, 2017
Debt to capitalization ratio 59.00%   59.00%    
Our share of net income $ 1,343 $ (4,562) $ (3,833) $ (6,228)  
Corporate Joint Venture [Member]          
Cash and cash equivalents 33,580   33,580   $ 60,774
Inventories 658,891   658,891   675,179
Other assets 29,695   29,695   36,026
Total assets 722,166   722,166   771,979
Accounts payable and accrued liabilities 97,274   97,274   122,075
Notes payable 371,382   371,382   330,642
Total liabilities 468,656   468,656   452,717
Hovnanian Enterprises, Inc. 83,604   83,604   92,630
Others 169,906   169,906   226,632
Total equity 253,510   253,510   319,262
Total liabilities and equity $ 722,166   $ 722,166   $ 771,979
Debt to capitalization ratio 59.00%   59.00%   51.00%
Revenues $ 99,274 88,214 $ 159,114 154,353  
Cost of sales and expenses (104,353) (89,798) (177,647) (158,006)  
Joint venture net (loss) income (5,079) (1,584) (18,533) (3,653)  
Our share of net income 1,405 (4,675) (3,735) (6,246)  
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]          
Cash and cash equivalents 31,166   31,166   $ 60,580
Inventories 651,968   651,968   666,017
Other assets 29,695   29,695   36,026
Total assets 712,829   712,829   762,623
Accounts payable and accrued liabilities 96,770   96,770   121,646
Notes payable 371,382   371,382   330,642
Total liabilities 468,152   468,152   452,288
Hovnanian Enterprises, Inc. 79,690   79,690   88,884
Others 164,987   164,987   221,451
Total equity 244,677   244,677   310,335
Total liabilities and equity $ 712,829   $ 712,829   $ 762,623
Debt to capitalization ratio 60.00%   60.00%   52.00%
Revenues $ 96,931 86,556 $ 155,496 151,493  
Cost of sales and expenses (102,230) (87,957) (174,366) (155,183)  
Joint venture net (loss) income (5,299) (1,401) (18,870) (3,690)  
Our share of net income 1,296 (4,583) (3,903) (6,264)  
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]          
Cash and cash equivalents 2,414   2,414   $ 194
Inventories 6,923   6,923   9,162
Other assets    
Total assets 9,337   9,337   9,356
Accounts payable and accrued liabilities 504   504   429
Notes payable    
Total liabilities 504   504   429
Hovnanian Enterprises, Inc. 3,914   3,914   3,746
Others 4,919   4,919   5,181
Total equity 8,833   8,833   8,927
Total liabilities and equity $ 9,337   $ 9,337   $ 9,356
Debt to capitalization ratio 0.00%   0.00%   0.00%
Revenues $ 2,343 1,658 $ 3,618 2,860  
Cost of sales and expenses (2,123) (1,841) (3,281) (2,823)  
Joint venture net (loss) income 220 (183) 337 37  
Our share of net income $ 109 $ (92) $ 168 $ 18