XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2020
Oct. 31, 2019
ASSETS    
Assets $ 1,805,744 $ 1,881,424
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discount, premium and debt issuance costs) 1,432,075 1,479,990
Liabilities 2,285,263 2,371,200
Income taxes payable 2,557 2,301
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at July 31, 2020 and October 31, 2019 135,299 135,299
Paid in capital – common stock 715,404 715,504
Accumulated deficit (1,215,679) (1,225,973)
Treasury stock – at cost – 470,430 shares of Class A common stock and 27,669 shares of Class B common stock at July 31, 2020 and October 31, 2019 (115,360) (115,360)
Total Hovnanian Enterprises, Inc. stockholders' equity deficit (480,269) (490,463)
Noncontrolling interest in consolidated joint ventures 750 687
Total equity deficit (479,519) (489,776)
Total liabilities and equity 1,805,744 1,881,424
Common Class A [Member]    
LIABILITIES AND EQUITY    
Common stock 60 60
Common Class B [Member]    
LIABILITIES AND EQUITY    
Common stock 7 7
Homebuilding [Member]    
ASSETS    
Cash and cash equivalents 198,098 130,976
Restricted cash and cash equivalents 13,433 20,905
Sold and unsold homes and lots under development 928,840 993,647
Land and land options held for future development or sale 89,903 108,565
Consolidated inventory not owned 194,760 190,273
Total inventories 1,213,503 1,292,485
Investments in and advances to unconsolidated joint ventures 125,680 127,038
Receivables, deposits and notes, net 37,328 44,914
Property, plant and equipment, net 18,869 20,127
Prepaid expenses and other assets 63,499 45,704
Assets 1,670,410 1,682,149
LIABILITIES AND EQUITY    
Accounts payable and other liabilities 320,420 320,193
Customers’ deposits 40,992 35,872
Liabilities from inventory not owned, net of debt issuance costs 144,922 141,033
Senior notes and credit facilities (net of discount, premium and debt issuance costs) 1,432,075 1,479,990
Accrued interest 50,328 19,081
Liabilities 2,168,504 2,199,754
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
LIABILITIES AND EQUITY    
Secured Debt, Total 179,767 203,585
Financial Services [Member]    
ASSETS    
Cash and cash equivalents 7,536  
Restricted cash and cash equivalents 27,193 24,800
Assets 135,334 199,275
LIABILITIES AND EQUITY    
Liabilities $ 114,202 $ 169,145