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Note 19 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Apr. 30, 2019

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(In thousands)		Fair Value Hierarchy			Fair Value at April 30, 2019			Fair Value at October 31, 2018
Mortgage loans held for sale (1)		Level 2			$91,211			$130,709
Interest rate lock commitments		Level 2			17			(28	)
Forward contracts		Level 2			21			13
Total					$91,249			$130,694

Fair Value Option, Disclosures [Table Text Block]

		Three Months Ended April 30, 2019
(In thousands)		Mortgage Loans Held For Sale			Interest Rate Lock Commitments			Forward Contracts
Fair value included in net loss all reflected in financial services revenues		$946			$(208	)		$406

		Three Months Ended April 30, 2018
(In thousands)		Mortgage Loans Held For Sale			Interest Rate Lock Commitments			Forward Contracts
Fair value included in net loss all reflected in financial services revenues		$127			$178			$(143	)

		Six Months Ended April 30, 2019
(In thousands)		Mortgage Loans Held For Sale			Interest Rate Lock Commitments			Forward Contracts
Fair value included in net loss all reflected in financial services revenues		$2,942			$17			$21

		Six Months Ended April 30, 2018
(In thousands)		Mortgage Loans Held For Sale			Interest Rate Lock Commitments			Forward Contracts
Fair value included in net loss all reflected in financial services revenues		$2,541			$(70	)		$125

Fair Value Measurements, Nonrecurring [Table Text Block]

Three Months Ended

April 30, 2019

(In thousands)

Fair Value Hierarchy

Pre-Impairment Amount

Total Losses

Fair Value

Sold and unsold homes and lots under development

Level 3

$3,906

$(968

)

$2,938

Land and land options held for future development or sale

Level 3

$-

$-

$-

Three Months Ended

April 30, 2018

(In thousands)

Fair Value Hierarchy

Pre-Impairment Amount

Total Losses

Fair Value

Sold and unsold homes and lots under development

Level 3

$11,170

$(2,117

)

$9,053

Land and land options held for future development or sale

Level 3

$-

$-

$-

					Six Months Ended
					April 30, 2019
(In thousands)		Fair Value Hierarchy			Pre-Impairment Amount			Total Losses			Fair Value
Sold and unsold homes and lots under development		Level 3			$3,906			$(968	)		$2,938
Land and land options held for future development or sale		Level 3			$6,302			$(43	)		$6,259

Six Months Ended

April 30, 2018

(In thousands)

Fair Value Hierarchy

Pre-Impairment Amount

Total Losses

Fair Value

Sold and unsold homes and lots under development

Level 3

$11,170

$(2,117

)

$9,053

Land and land options held for future development or sale

Level 3

$-

$-

$-

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis 2 [Table Text Block]

(In thousands)		Level 1			Level 2			Level 3			Total
Senior Secured Notes:
9.5% Senior Secured Notes due November 15, 2020		$-			$-			$71,250			$71,250
2.0% Senior Secured Notes due November 1, 2021		-			-			46,978			46,978
5.0% Senior Secured Notes due November 1, 2021		-			129,780			-			129,780
10.0% Senior Secured Notes due July 15, 2022		-			387,200			-			387,200
10.5% Senior Secured Notes due July 15, 2024		-			347,438			-			347,438
Senior Notes:
13.5% Senior Notes due February 1, 2026		-			84,815			-			84,815
5.0% Senior Notes due February 1, 2040		-			35,485			-			35,485
Senior Unsecured Term Loan Credit Facility due February 1, 2027		-			-			110,389			110,389
Total fair value		$-			$984,718			$228,617			$1,213,335

(In thousands)		Level 1			Level 2			Level 3			Total
Senior Secured Notes:
9.5% Senior Secured Notes due November 15, 2020		$-			$-			$74,250			$74,250
2.0% Senior Secured Notes due November 1, 2021		-			-			40,434			40,434
5.0% Senior Secured Notes due November 1, 2021		-			124,781			-			124,781
10.0% Senior Secured Notes due July 15, 2022		-			424,670			-			424,670
10.5% Senior Secured Notes due July 15, 2024		-			366,720			-			366,720
Senior Notes:
13.5% Senior Notes due February 1, 2026		-			88,148			-			88,148
5.0% Senior Notes due February 1, 2040		-			35,628			-			35,628
Senior Unsecured Term Loan Credit Facility due February 1, 2027		-			-			114,328			114,328
Total fair value		$-			$1,039,947			$229,012			$1,268,959

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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