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Note 20 - Fair Value of Financial Instruments (Tables)

9 Months Ended

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

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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