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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 3 Months Ended
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Jan. 31, 2019
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | January 31, 2019 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $65,736 |  |  | $1,415 |  |  | $67,151 |
Inventories |  | 498,886 |  |  | 9,264 |  |  | 508,150 |
Other assets |  | 30,522 |  |  | - |  |  | 30,522 |
Total assets |  | $595,144 |  |  | $10,679 |  |  | $605,823 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $70,995 |  |  | $1,246 |  |  | $72,241 |
Notes payable |  | 250,925 |  |  | - |  |  | 250,925 |
Total liabilities |  | 321,920 |  |  | 1,246 |  |  | 323,166 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 120,115 |  |  | 4,385 |  |  | 124,500 |
Others |  | 153,109 |  |  | 5,048 |  |  | 158,157 |
Total equity |  | 273,224 |  |  | 9,433 |  |  | 282,657 |
Total liabilities and equity |  | $595,144 |  |  | $10,679 |  |  | $605,823 |
Debt to capitalization ratio |  | 48 | % |  | 0 | % |  | 47 | %
(Dollars in thousands) |  | October 31, 2018 |
|  | 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 Three Months Ended January 31, 2019 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $95,774 |  |  | $1,005 |  |  | $96,779 |
Cost of sales and expenses |  | (89,312 | ) |  | (971 | ) |  | (90,283 | )
Joint venture net income |  | $6,462 |  |  | $34 |  |  | $6,496 |
Our share of net income |  | $9,541 |  |  | $17 |  |  | $9,558 |
|  | For the Three Months Ended January 31, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $58,565 |  |  | $1,275 |  |  | $59,840 |
Cost of sales and expenses |  | (72,136 | ) |  | (1,158 | ) |  | (73,294 | )
Joint venture net (loss) income |  | $(13,571 | ) |  | $117 |  |  | $(13,454 | )
Our share of net (loss) income |  | $(5,199 | ) |  | $59 |  |  | $(5,140 | )

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