XML 46 R34.htm IDEA: XBRL DOCUMENT v3.19.1

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

6 Months Ended

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	)

X

- 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

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration