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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

3 Months Ended

Jan. 31, 2021

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)		January 31, 2021
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	111,412			$	2,485			$	113,897
Inventories			405,427				35				405,462
Other assets			27,891				-				27,891
Total assets		$	544,730			$	2,520			$	547,250
Liabilities and equity:
Accounts payable and accrued liabilities		$	255,642			$	1,951			$	257,593
Notes payable			100,112				-				100,112
Total liabilities			355,754				1,951				357,705
Equity of:
Hovnanian Enterprises, Inc.			91,675				404				92,079
Others			97,301				165				97,466
Total equity			188,976				569				189,545
Total liabilities and equity		$	544,730			$	2,520			$	547,250
Debt to capitalization ratio			35	%			0	%			35	%

(Dollars in thousands)		October 31, 2020
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	120,107			$	3,454			$	123,561
Inventories			389,001				91				389,092
Other assets			27,062				488				27,550
Total assets		$	536,170			$	4,033			$	540,203
Liabilities and equity:
Accounts payable and accrued liabilities		$	207,277			$	2,152			$	209,429
Notes payable			117,179				-				117,179
Total liabilities			324,456				2,152				326,608
Equity of:
Hovnanian Enterprises, Inc.			102,908				1,340				104,248
Others			108,806				541				109,347
Total equity			211,714				1,881				213,595
Total liabilities and equity		$	536,170			$	4,033			$	540,203
Debt to capitalization ratio			36	%			0	%			35	%

		Three Months Ended January 31, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	71,464			$	263			$	71,727
Cost of sales and expenses			(71,273	)			(28	)			(71,301	)
Joint venture net income		$	191			$	235			$	426
Our share of net income		$	1,911			$	95			$	2,006

		Three Months Ended January 31, 2020
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	86,964			$	3,740			$	90,704
Cost of sales and expenses			(88,551	)			(4,953	)			(93,504	)
Joint venture net loss		$	(1,587	)		$	(1,213	)		$	(2,800	)
Our share of net income (loss)		$	1,470			$	(606	)		$	864

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

No definition available.

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