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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 9 Months Ended
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Jul. 31, 2018
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | July 31, 2018 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $29,512 |  |  | $2,619 |  |  | $32,131 |
Inventories |  | 621,322 |  |  | 7,105 |  |  | 628,427 |
Other assets |  | 33,734 |  |  | - |  |  | 33,734 |
Total assets |  | $684,568 |  |  | $9,724 |  |  | $694,292 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $86,935 |  |  | $713 |  |  | $87,648 |
Notes payable |  | 333,692 |  |  | - |  |  | 333,692 |
Total liabilities |  | 420,627 |  |  | 713 |  |  | 421,340 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 96,869 |  |  | 4,069 |  |  | 100,938 |
Others |  | 167,072 |  |  | 4,942 |  |  | 172,014 |
Total equity |  | 263,941 |  |  | 9,011 |  |  | 272,952 |
Total liabilities and equity |  | $684,568 |  |  | $9,724 |  |  | $694,292 |
Debt to capitalization ratio |  | 56 | % |  | 0 | % |  | 55 | %
(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 July 31, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $194,539 |  |  | $1,367 |  |  | $195,906 |
Cost of sales and expenses |  | (173,073 | ) |  | (1,057 | ) |  | (174,130 | )
Joint venture net income |  | $21,466 |  |  | $310 |  |  | $21,776 |
Our share of net income |  | $10,705 |  |  | $155 |  |  | $10,860 |
|  | For the Three Months Ended July 31, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $62,610 |  |  | $1,789 |  |  | $64,399 |
Cost of sales and expenses |  | (70,411 | ) |  | (1,873 | ) |  | (72,284 | )
Joint venture net (loss) |  | $(7,801 | ) |  | $(84 | ) |  | $(7,885 | )
Our share of net (loss) |  | $(3,966 | ) |  | $(42 | ) |  | $(4,008 | )
|  | For the Nine Months Ended July 31, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $350,035 |  |  | $4,985 |  |  | $355,020 |
Cost of sales and expenses |  | (347,439 | ) |  | (4,338 | ) |  | (351,777 | )
Joint venture net income |  | $2,596 |  |  | $647 |  |  | $3,243 |
Our share of net income |  | $6,802 |  |  | $323 |  |  | $7,125 |
|  | For the Nine Months Ended July 31, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $214,103 |  |  | $4,649 |  |  | $218,752 |
Cost of sales and expenses |  | (225,594 | ) |  | (4,696 | ) |  | (230,290 | )
Joint venture net (loss) |  | $(11,491 | ) |  | $(47 | ) |  | $(11,538 | )
Our share of net (loss) |  | $(10,230 | ) |  | $(24 | ) |  | $(10,254 | )

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