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v3.20.2

Note 20 - Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Jul. 31, 2020
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  | Fair Value at |  |  | Fair Value at |
| Fair Value |  | July 31, |  |  | October 31, |
(In thousands) | Hierarchy |  | 2020 |  |  | 2019 |
Mortgage loans held for sale (1) | Level 2 |  | $ | 98,706 |  |  | $ | 166,007 |
Forward contracts | Level 2 |  |  | (367 | ) |  |  | (64 | )
Total |  | $ | 98,339 |  |  | $ | 165,943 |
Interest rate lock commitments | Level 3 |  | $ | 313 |  |  | $ | 42 |
Total |  | $ | 98,652 |  |  | $ | 165,985 |
Fair Value Option, Disclosures [Table Text Block] |
|  | Three Months Ended July 31, 2020 |
|  | Mortgage |  |  | Interest Rate |  |  |  |  |
|  | Loans Held |  |  | Lock |  |  | Forward |
(In thousands) |  | For Sale |  |  | Commitments |  |  | Contracts |
Fair value included in net income all reflected in financial services revenues |  | $ | 1,485 |  |  | $ | (29 | ) |  | $ | 87 |
|  | Three Months Ended July 31, 2019 |
|  | Mortgage |  |  | Interest Rate |  |  |  |  |
|  | Loans Held |  |  | Lock |  |  | Forward |
(In thousands) |  | For Sale |  |  | Commitments |  |  | Contracts |
Fair value included in net loss all reflected in financial services revenues |  | $ | (477 | ) |  | $ | 25 |  |  | $ | (57 | )
|  | Nine Months Ended July 31, 2020 |
|  | Mortgage |  |  | Interest Rate |  |  |  |  |
|  | Loans Held |  |  | Lock |  |  | Forward |
(In thousands) |  | For Sale |  |  | Commitments |  |  | Contracts |
Fair value included in net income all reflected in financial services revenues |  | $ | 3,638 |  |  | $ | 313 |  |  | $ | (367 | )
|  | Nine Months Ended July 31, 2019 |
|  | Mortgage |  |  | Interest Rate |  |  |  |  |
|  | Loans Held |  |  | Lock |  |  | Forward |
(In thousands) |  | For Sale |  |  | Commitments |  |  | Contracts |
Fair value included in net loss all reflected in financial services revenues |  | $ | 2,465 |  |  | $ | 42 |  |  | $ | (36 | )
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  | Three Months Ended |
|  |  | July 31, 2019 |
|  |  | Pre- |  |  |  |  |  |  |  |  |
| Fair Value |  | Impairment |  |  |  |  |  |  |  |  |
(In thousands) | Hierarchy |  | Amount |  |  | Total Losses |  |  | Fair Value |
Sold and unsold homes and lots under development | Level 3 |  | $ | 1,218 |  |  | $ | (118 | ) |  | $ | 1,100 |
Land and land options held for future development or sale | Level 3 |  | $ | - |  |  | $ | - |  |  | $ | - |
|  |  | Nine Months Ended |
|  |  | July 31, 2019 |
|  |  | Pre- |  |  |  |  |  |  |  |  |
| Fair Value |  | Impairment |  |  |  |  |  |  |  |  |
(In thousands) | Hierarchy |  | Amount |  |  | Total Losses |  |  | Fair Value |
Sold and unsold homes and lots under development | Level 3 |  | $ | 5,124 |  |  | $ | (1,085 | ) |  | $ | 4,039 |
Land and land options held for future development or sale | Level 3 |  | $ | 6,302 |  |  | $ | (43 | ) |  | $ | 6,259 |
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
10.0% Senior Secured Notes due July 15, 2022 |  | $ | - |  |  | $ | 91,752 |  |  | $ | - |  |  | $ | 91,752 |
10.5% Senior Secured Notes due July 15, 2024 |  |  | - |  |  |  | 35,016 |  |  |  | - |  |  |  | 35,016 |
10.0% Senior Secured 1.75 Lien Notes due November 15, 2025 |  |  | - |  |  |  | - |  |  |  | 78,874 |  |  |  | 78,874 |
7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 342,640 |  |  |  | 342,640 |
10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 258,669 |  |  |  | 258,669 |
11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 162,274 |  |  |  | 162,274 |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
13.5% Senior Notes due February 1, 2026 |  |  | - |  |  |  | 45,069 |  |  |  | - |  |  |  | 45,069 |
5.0% Senior Notes due February 1, 2040 |  |  | - |  |  |  | 10,364 |  |  |  | - |  |  |  | 10,364 |
Senior Unsecured Term Loan Credit Facility due February 1, 2027 |  |  | - |  |  |  | - |  |  |  | 10,228 |  |  |  | 10,228 |
Secured Credit Facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 |  |  | - |  |  |  | - |  |  |  | 34,808 |  |  |  | 34,808 |
Total fair value |  | $ | - |  |  | $ | 182,201 |  |  | $ | 887,493 |  |  | $ | 1,069,694 |
(In thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
10.0% Senior Secured Notes due July 15, 2022 |  | $ | - |  |  | $ | 189,430 |  |  | $ | - |  |  | $ | 189,430 |
10.5% Senior Secured Notes due July 15, 2024 |  |  | - |  |  |  | 166,999 |  |  |  | - |  |  |  | 166,999 |
7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 350,000 |  |  |  | 350,000 |
10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 282,322 |  |  |  | 282,322 |
11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 103,141 |  |  |  | 103,141 |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
13.5% Senior Notes due February 1, 2026 |  |  | - |  |  |  | - |  |  |  | 80,254 |  |  |  | 80,254 |
5.0% Senior Notes due February 1, 2040 |  |  | - |  |  |  | - |  |  |  | 31,993 |  |  |  | 31,993 |
Senior Unsecured Term Loan Credit Facility due February 1, 2027 |  |  | - |  |  |  | - |  |  |  | 106,499 |  |  |  | 106,499 |
Total fair value |  | $ | - |  |  | $ | 356,429 |  |  | $ | 954,209 |  |  | $ | 1,310,638 |

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- 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. + References No definition available. + Details
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