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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2019
Oct. 31, 2018
Assets $ 1,755,272 $ 1,662,042
Liabilities 2,239,751 2,115,546
Income taxes payable 2,090 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 April 30, 2019 and at October 31, 2018 135,299 135,299
Paid in capital – common stock 711,517 710,349
Accumulated deficit (1,216,565) (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 April 30, 2019 and October 31, 2018 (115,360) (115,360)
Total Hovnanian Enterprises, Inc. stockholders’ equity deficit (485,045) (453,504)
Noncontrolling interest in consolidated joint ventures 566
Total equity deficit (484,479) (453,504)
Total liabilities and equity 1,755,272 1,662,042
Common Class A [Member]    
Common stock 58 58
Common Class B [Member]    
Common stock 6 6
Homebuilding [Member]    
Cash and cash equivalents 123,998 187,871
Restricted cash and cash equivalents 17,223 12,808
Sold and unsold homes and lots under development 993,477 878,876
Land and land options held for future development or sale 120,146 111,368
Consolidated inventory not owned 154,435 87,921
Total inventories 1,268,058 1,078,165
Investments in and advances to unconsolidated joint ventures 135,562 123,694
Receivables, deposits and notes, net 29,154 35,189
Property, plant and equipment, net 20,307 20,285
Prepaid expenses and other assets 41,058 39,150
Assets 1,635,360 1,497,162
Accounts payable and other liabilities 285,293 304,899
Customers’ deposits 37,953 30,086
Liabilities from inventory not owned, net of debt issuance costs 123,348 63,387
Revolving and term loan credit facilities, net of debt issuance costs 201,459 201,389
Notes payable (net of discount, premium and debt issuance costs) and accrued interest 1,298,899 1,273,446
Liabilities 2,137,607 1,968,764
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
Nonrecourse mortgages, net of debt issuance costs 190,655 95,557
Financial Services [Member]    
Cash and cash equivalents 5,424  
Restricted cash and cash equivalents 21,958 25,400
Assets 119,912 164,880
Liabilities $ 100,054 $ 143,448