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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2019

Notes Tables

Schedule of Components of Income Tax Payable Receivable [Table Text Block]

		Year Ended October 31,
(In thousands)		2019			2018
State income taxes:
Current		$2,301			$3,334
Deferred		-			-
Federal income taxes:
Current		-			-
Deferred		-			-
Total		$2,301			$3,334

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended October 31,
(In thousands)		2019			2018			2017
Current income tax expense:
Federal (1)		$-			$-			$-
State (2)		2,449			3,626			1,371
Total current income tax expense:		2,449			3,626			1,371
Federal		-			-			275,688
State		-			-			9,890
Total deferred income tax expense:		-			-			285,578
Total		$2,449			$3,626			$286,949

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended October 31,
(In thousands)		2019			2018
Deferred tax assets:
Inventory impairment loss		47,000			60,854
Uniform capitalization of overhead		3,917			4,183
Warranty and legal reserves		4,404			4,774
Acquisition intangibles		424			1,185
Compensation		8,477			11,033
Deferred Income		5,167			428
Interest Expense		6,616			1,646
Restricted stock bonus		1,553			1,344
Stock options		4,288			4,358
Provision for losses		16,820			18,044
Joint venture loss		4,392			3,384
Federal net operating losses		334,142			334,971
State net operating losses		184,740			191,064
Other		1,280			923
Total deferred tax assets		623,220			638,191
Total deferred tax liabilities		-			-
Valuation allowance		(623,220	)		(638,191	)
Net deferred income taxes		$-			$-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended October 31,
		2019			2018			2017
Computed “expected” tax rate		21.0	%		21.0	%		35.0	%
State income taxes, net of federal income tax benefit		(5.0	)		17.2			1.0
Permanent differences, net		(42.4	)		74.0			(2.4	)
Deferred tax asset valuation allowance impact		20.8			(70.8	)		(667.8	)
Tax contingencies		0.5			1.0			-
Adjustments to prior years’ tax accruals		(1.0	)		2.1			-
Effective tax rate		(6.1	)%		44.5	%		(634.2	)%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Year Ended October 31,
			2019			2018
Unrecognized tax benefit—November 1,			$1.2			$1.1
Gross increases—tax positions in current period			-			0.3
Lapse of statute of limitations			(0.3	)		(0.2	)
Unrecognized tax benefit—October 31,			$0.9			$1.2

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