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

6 Months Ended

Apr. 30, 2021

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)		April 30, 2021
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	119,958			$	2,254			$	122,212
Inventories			465,748				-				465,748
Other assets			34,631				2				34,633
Total assets		$	620,337			$	2,256			$	622,593
Liabilities and equity:
Accounts payable and accrued liabilities		$	326,688			$	1,933			$	328,621
Notes payable			80,321				-				80,321
Total liabilities			407,009				1,933				408,942
Equity of:
Hovnanian Enterprises, Inc.			95,933				267				96,200
Others			117,395				56				117,451
Total equity			213,328				323				213,651
Total liabilities and equity		$	620,337			$	2,256			$	622,593
Debt to capitalization ratio			27	%			0	%			27	%

(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 April 30, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	91,526			$	428			$	91,954
Cost of sales and expenses			(87,696	)			(149	)			(87,845	)
Joint venture net income		$	3,830			$	279			$	4,109
Our share of net income		$	2,637			$	113			$	2,750

		Three Months Ended April 30, 2020
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	112,812			$	3,812			$	116,624
Cost of sales and expenses			(107,453	)			(3,448	)			(110,901	)
Joint venture net income		$	5,359			$	364			$	5,723
Our share of net income		$	6,146			$	181			$	6,327

		Six Months Ended April 30, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	162,990			$	691			$	163,681
Cost of sales and expenses			(158,969	)			(177	)			(159,146	)
Joint venture net income		$	4,021			$	514			$	4,535
Our share of net income		$	4,548			$	208			$	4,756

		Six Months Ended April 30, 2020
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	199,776			$	7,552			$	207,328
Cost of sales and expenses			(196,004	)			(8,401	)			(204,405	)
Joint venture net income (loss)		$	3,772			$	(849	)		$	2,923
Our share of net income (loss)		$	7,616			$	(425	)		$	7,191

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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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