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Note 20 - Fair Value of Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2021

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		2021				2020
Mortgage loans held for sale (1)	Level 2		$	131,411			$	104,378
Forward contracts	Level 2			(374	)			(28	)
Total			$	131,037			$	104,350
Interest rate lock commitments	Level 3			631				11
Total			$	131,668			$	104,361

Fair Value Option, Disclosures [Table Text Block]

Three Months Ended July 31, 2021

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

$

227

$

192

$

29

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

Nine Months Ended July 31, 2021

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

$

4,484

$

631

$

(374

)

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

)

Fair Value Measurements, Nonrecurring [Table Text Block]

			Three Months Ended
			July 31, 2021
			Pre-
	Fair Value		Impairment
(In thousands)	Hierarchy		Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	9,236			$	(1,166	)		$	8,070
Land and land options held for future development or sale	Level 3		$	-			$	-			$	-

			Nine Months Ended
			July 31, 2021
			Pre-
	Fair Value		Impairment
(In thousands)	Hierarchy		Amount				Total Losses				Fair Value
Sold and unsold homes and lots under development	Level 3		$	11,522			$	(2,009	)		$	9,513
Land and land options held for future development or sale	Level 3		$	-			$	-			$	-

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:
10.5% Senior Secured Notes due July 15, 2024		$	-			$	71,564			$	-			$	71,564
10.0% Senior Secured 1.75 Lien Notes due November 15, 2025			-				-				166,427				166,427
7.75% Senior Secured 1.125 Lien Notes due February 15, 2026			-				-				371,438				371,438
10.5% Senior Secured 1.25 Lien Notes due February 15, 2026			-				-				304,908				304,908
11.25% Senior Secured 1.5 Lien Notes due February 15, 2026			-				-				162,527				162,527
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				89,684				-				89,684
5.0% Senior Notes due February 1, 2040			-				52,270				-				52,270
Senior Credit Facilities:
Senior Unsecured Term Loan Credit Facility due February 1, 2027			-				-				26,507				26,507
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				91,327				91,327
Total fair value		$	-			$	213,518			$	1,123,134			$	1,336,652

(In thousands)		Level 1				Level 2				Level 3				Total
Senior Secured Notes:
10.0% Senior Secured Notes due July 15, 2022		$	-			$	107,878			$	-			$	107,878
10.5% Senior Secured Notes due July 15, 2024			-				-				67,941				67,941
10.0% Senior Secured 1.75 Lien Notes due November 15, 2025			-				-				132,246				132,246
7.75% Senior Secured 1.125 Lien Notes due February 15, 2026			-				-				353,500				353,500
10.5% Senior Secured 1.25 Lien Notes due February 15, 2026			-				-				274,558				274,558
11.25% Senior Secured 1.5 Lien Notes due February 15, 2026			-				-				162,723				162,723
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				54,354				-				54,354
5.0% Senior Notes due February 1, 2040			-				10,814				-				10,814
Senior Credit Facilities:
Senior Unsecured Term Loan Credit Facility due February 1, 2027			-				-				13,091				13,091
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				64,465				64,465
Total fair value		$	-			$	173,046			$	1,068,524			$	1,241,570

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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