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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 9 Months Ended
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Jul. 31, 2020
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | July 31, 2020 |
|  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 103,972 |  |  | $ | 1,940 |  |  | $ | 105,912 |
Inventories |  |  | 399,863 |  |  |  | - |  |  |  | 399,863 |
Other assets |  |  | 25,728 |  |  |  | 461 |  |  |  | 26,189 |
Total assets |  | $ | 529,563 |  |  | $ | 2,401 |  |  | $ | 531,964 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 156,753 |  |  | $ | 2,199 |  |  | $ | 158,952 |
Notes payable |  |  | 91,692 |  |  |  | - |  |  |  | 91,692 |
Total liabilities |  |  | 248,445 |  |  |  | 2,199 |  |  |  | 250,644 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 122,501 |  |  |  | 660 |  |  |  | 123,161 |
Others |  |  | 158,617 |  |  |  | (458 | ) |  |  | 158,159 |
Total equity |  |  | 281,118 |  |  |  | 202 |  |  |  | 281,320 |
Total liabilities and equity |  | $ | 529,563 |  |  | $ | 2,401 |  |  | $ | 531,964 |
Debt to capitalization ratio |  |  | 25 | % |  |  | 0 | % |  |  | 25 | %
(Dollars in thousands) |  | October 31, 2019 |
|  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 108,520 |  |  | $ | 2,203 |  |  | $ | 110,723 |
Inventories |  |  | 397,804 |  |  |  | 6,038 |  |  |  | 403,842 |
Other assets |  |  | 24,896 |  |  |  | 233 |  |  |  | 25,129 |
Total assets |  | $ | 531,220 |  |  | $ | 8,474 |  |  | $ | 539,694 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 71,297 |  |  | $ | 592 |  |  | $ | 71,889 |
Notes payable |  |  | 186,882 |  |  |  | - |  |  |  | 186,882 |
Total liabilities |  |  | 258,179 |  |  |  | 592 |  |  |  | 258,771 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 120,891 |  |  |  | 4,747 |  |  |  | 125,638 |
Others |  |  | 152,150 |  |  |  | 3,135 |  |  |  | 155,285 |
Total equity |  |  | 273,041 |  |  |  | 7,882 |  |  |  | 280,923 |
Total liabilities and equity |  | $ | 531,220 |  |  | $ | 8,474 |  |  | $ | 539,694 |
Debt to capitalization ratio |  |  | 41 | % |  |  | 0 | % |  |  | 40 | %
|  | Three Months Ended July 31, 2020 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 132,511 |  |  | $ | 3,688 |  |  | $ | 136,199 |
Cost of sales and expenses |  |  | (127,653 | ) |  |  | (2,719 | ) |  |  | (130,372 | )
Joint venture net income |  | $ | 4,858 |  |  | $ | 969 |  |  | $ | 5,827 |
Our share of net income (loss) |  | $ | 6,337 |  |  | $ | (238 | ) |  | $ | 6,099 |
|  | Three Months Ended July 31, 2019 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 121,156 |  |  | $ | 1,383 |  |  | $ | 122,539 |
Cost of sales and expenses |  |  | (112,749 | ) |  |  | (846 | ) |  |  | (113,595 | )
Joint venture net income |  | $ | 8,407 |  |  | $ | 537 |  |  | $ | 8,944 |
Our share of net income |  | $ | 3,578 |  |  | $ | 268 |  |  | $ | 3,846 |
|  | Nine Months Ended July 31, 2020 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 332,287 |  |  | $ | 11,240 |  |  | $ | 343,527 |
Cost of sales and expenses |  |  | (323,657 | ) |  |  | (11,120 | ) |  |  | (334,777 | )
Joint venture net income |  | $ | 8,630 |  |  | $ | 120 |  |  | $ | 8,750 |
Our share of net income (loss) |  | $ | 13,952 |  |  | $ | (663 | ) |  | $ | 13,289 |
|  | Nine Months Ended July 31, 2019 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 342,669 |  |  | $ | 4,979 |  |  | $ | 347,648 |
Cost of sales and expenses |  |  | (320,080 | ) |  |  | (3,963 | ) |  |  | (324,043 | )
Joint venture net income |  | $ | 22,589 |  |  | $ | 1,016 |  |  | $ | 23,605 |
Our share of net income |  | $ | 20,202 |  |  | $ | 508 |  |  | $ | 20,710 |

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