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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2019
Oct. 31, 2018
Investments in and advances to unconsolidated joint ventures $ 127,038 $ 123,694
Property, plant and equipment, net 20,127 20,285
Assets 1,881,424 1,662,042
Notes payable (net of discount, premium and debt issuance costs) and accrued interest [1] 1,479,990 1,439,238
Liabilities 2,371,200 2,115,546
Income taxes payable 2,301 3,334
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at October 31, 2019 and 2018 135,299 135,299
Paid in capital - common stock 715,504 710,349
Accumulated deficit (1,225,973) (1,183,856)
Treasury stock - at cost – 470,430 shares of Class A common stock and 27,669 shares of Class B common stock at October 31, 2019 and 2018 (115,360) (115,360)
Total Hovnanian Enterprises, Inc. stockholders’ equity deficit (490,463) (453,504)
Noncontrolling interest in consolidated joint ventures 687
Total equity deficit (489,776) (453,504)
Total liabilities and equity 1,881,424 1,662,042
Common Class A [Member]    
Common stock 60 58
Common Class B [Member]    
Common stock 7 6
Homebuilding [Member]    
Cash and cash equivalents 130,976 187,871
Restricted cash and cash equivalents 20,905 12,808
Sold and unsold homes and lots under development 993,647 878,876
Land and land options held for future development or sale 108,565 111,368
Consolidated inventory not owned 190,273 87,921
Total inventories 1,292,485 1,078,165
Investments in and advances to unconsolidated joint ventures 127,038 123,694
Receivables, deposits and notes, net 44,914 35,189
Property, plant and equipment, net 20,127 20,285
Prepaid expenses and other assets 45,704 39,150
Assets 1,682,149 1,497,162
Accounts payable and other liabilities 320,193 304,899
Customers’ deposits 35,872 30,086
Liabilities from inventory not owned, net of debt issuance costs 141,033 63,387
Revolving and term loan credit facilities, net of debt issuance costs 201,528 201,389
Notes payable (net of discount, premium and debt issuance costs) and accrued interest 1,297,543 1,273,446
Liabilities 2,199,754 1,968,764
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
Nonrecourse mortgages, net of debt issuance costs 203,585 95,557
Financial Services [Member]    
Cash and cash equivalents 5,578 6,948
Restricted cash and cash equivalents 24,807 25,365
Assets 199,275 164,880
Liabilities $ 169,145 $ 143,448
[1] "Notes payable" on our Consolidated Balance Sheets as of October 31, 2019 and 2018 consists of the total senior secured and senior notes shown above, as well as accrued interest of $19.1 million and $35.6 million, respectively.