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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 6 Months Ended
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Apr. 30, 2019
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | April 30, 2019 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $92,351 |  |  | $2,168 |  |  | $94,519 |
Inventories |  | 469,815 |  |  | 7,987 |  |  | 477,802 |
Other assets |  | 26,799 |  |  | - |  |  | 26,799 |
Total assets |  | $588,965 |  |  | $10,155 |  |  | $599,120 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $69,621 |  |  | $508 |  |  | $70,129 |
Notes payable |  | 240,571 |  |  | - |  |  | 240,571 |
Total liabilities |  | 310,192 |  |  | 508 |  |  | 310,700 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 124,344 |  |  | 4,608 |  |  | 128,952 |
Others |  | 154,429 |  |  | 5,039 |  |  | 159,468 |
Total equity |  | 278,773 |  |  | 9,647 |  |  | 288,420 |
Total liabilities and equity |  | $588,965 |  |  | $10,155 |  |  | $599,120 |
Debt to capitalization ratio |  | 46 | % |  | 0 | % |  | 45 | %
(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 April 30, 2019 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $125,739 |  |  | $2,591 |  |  | $128,330 |
Cost of sales and expenses |  | (118,019 | ) |  | (2,146 | ) |  | (120,165 | )
Joint venture net income |  | $7,720 |  |  | $445 |  |  | $8,165 |
Our share of net income |  | $7,083 |  |  | $223 |  |  | $7,306 |
|  | For the Three Months Ended April 30, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $96,931 |  |  | $2,343 |  |  | $99,274 |
Cost of sales and expenses |  | (102,230 | ) |  | (2,123 | ) |  | (104,353 | )
Joint venture net (loss) income |  | $(5,299 | ) |  | $220 |  |  | $(5,079 | )
Our share of net (loss) income |  | $1,296 |  |  | $109 |  |  | $1,405 |
|  | For the Six Months Ended April 30, 2019 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $221,513 |  |  | $3,596 |  |  | $225,109 |
Cost of sales and expenses |  | (207,331 | ) |  | (3,117 | ) |  | (210,448 | )
Joint venture net income |  | $14,182 |  |  | $479 |  |  | $14,661 |
Our share of net income |  | $16,624 |  |  | $240 |  |  | $16,864 |
|  | For the Six Months Ended April 30, 2018 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $155,496 |  |  | $3,618 |  |  | $159,114 |
Cost of sales and expenses |  | (174,366 | ) |  | (3,281 | ) |  | (177,647 | )
Joint venture net (loss) income |  | $(18,870 | ) |  | $337 |  |  | $(18,533 | )
Our share of net (loss) income |  | $(3,903 | ) |  | $168 |  |  | $(3,735 | )

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