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Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

12 Months Ended

Oct. 31, 2019

Notes Tables

Equity Method Investments [Table Text Block]

		October 31, 2019
(Dollars in thousands)		Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$108,520			$2,203			$110,723
Inventories		397,804			6,038			403,842
Other assets		24,896			233			25,129
Total assets		$531,220			$8,474			$539,694
Liabilities and equity:
Accounts payable and accrued liabilities		$71,297			$592			$71,889
Notes payable		186,882			-			186,882
Total liabilities		258,179			592			258,771
Equity of:
Hovnanian Enterprises, Inc.		120,891			4,747			125,638
Others		152,150			3,135			155,285
Total equity		273,041			7,882			280,923
Total liabilities and equity		$531,220			$8,474			$539,694
Debt to capitalization ratio		41	%		0	%		40	%

		October 31, 2018
(Dollars in thousands)		Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$50,010			$2,275			$52,285
Inventories		506,650			8,004			514,654
Other assets		35,105			-			35,105
Total assets		$591,765			$10,279			$602,044
Liabilities and equity:
Accounts payable and accrued liabilities		$79,108			$746			$79,854
Notes payable		236,665			-			236,665
Total liabilities		315,773			746			316,519
Equity of:
Hovnanian Enterprises, Inc.		114,950			4,369			119,319
Others		161,042			5,164			166,206
Total equity		275,992			9,533			285,525
Total liabilities and equity		$591,765			$10,279			$602,044
Debt to capitalization ratio		46	%		0	%		45	%

		For The Year Ended October 31, 2019
(Dollars in thousands)		Homebuilding			Land Development			Total
Revenues		$488,914			$8,704			$497,618
Cost of sales and expenses		(456,563	)		(7,948	)		(464,511	)
Joint venture net income		$32,351			$756			$33,107
Our share of net income		$28,761			$378			$29,139

		For The Year Ended October 31, 2018
(Dollars in thousands)		Homebuilding			Land Development			Total
Revenues		$602,681			$6,418			$609,099
Cost of sales and expenses		(577,106	)		(5,173	)		(582,279	)
Joint venture net income		$25,575			$1,245			$26,820
Our share of net income		$23,904			$623			$24,527

		For The Year Ended October 31, 2017
(Dollars in thousands)		Homebuilding			Land Development			Total
Revenues		$312,164			$5,685			$317,849
Cost of sales and expenses		(324,514	)		(4,633	)		(329,147	)
Joint venture net (loss) income		$(12,350	)		$1,052			$(11,298	)
Our share of net (loss) income		$(7,189	)		$526			$(6,663	)

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

No definition available.

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