XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.21.4

Note 21 - Fair Value of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Oct. 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 |  | October 31, |  |  | October 31, |
(In thousands) | Hierarchy |  | 2021 |  |  | 2020 |
Mortgage loans held for sale (1) | Level 2 |  | $ | 151,059 |  |  | $ | 104,378 |
Forward contracts | Level 2 |  |  | (107 | ) |  |  | (28 | )
Total |  | $ | 150,952 |  |  | $ | 104,350 |
Interest rate lock commitments | Level 3 |  |  | 152 |  |  |  | 11 |
Total |  | $ | 151,104 |  |  | $ | 104,361 |
Fair Value Option, Disclosures [Table Text Block] |
|  | Year Ended October 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 |  | $ | 4,580 |  |  | $ | 152 |  |  | $ | (107 | )
|  | Year Ended October 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 |  | $ | 3,928 |  |  | $ | 11 |  |  | $ | (28 | )
|  | Year Ended October 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 |  | $ | 4,869 |  |  | $ | 42 |  |  | $ | (64 | )
Fair Value Measurements, Nonrecurring [Table Text Block] |
| Year Ended |
| October 31, 2021 |
(In thousands) | Fair |  | Pre- |  |  |  |  |  |  |  |  |
| Value |  | Impairment |  |  |  |  |  |  |  |  |
| 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 |  | $ | - |  |  | $ | - |  |  | $ | - |
| Year Ended |
| October 31, 2020 |
(In thousands) | Fair |  | Pre- |  |  |  |  |  |  |  |  |
| Value |  | Impairment |  |  |  |  |  |  |  |  |
| Hierarchy |  | Amount |  |  | Total Losses |  |  | Fair Value |
Sold and unsold homes and lots under development | Level 3 |  | $ | 691 |  |  | $ | (276 | ) |  | $ | 415 |
Land and land options held for future development or sale | Level 3 |  | $ | 4,089 |  |  | $ | (1,741 | ) |  | $ | 2,348 |
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 1.75 Lien Notes due November 15, 2025 |  |  | - |  |  |  | - |  |  |  | 167,348 |  |  |  | 167,348 |
7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 366,426 |  |  |  | 366,426 |
10.5% Senior Secured 1.25 Lien Notes due February 15, 2026` |  |  | - |  |  |  | - |  |  |  | 300,913 |  |  |  | 300,913 |
11.25% Senior Secured 1.5 Lien `Notes due February 15, 2026 |  |  | - |  |  |  | - |  |  |  | 162,548 |  |  |  | 162,548 |
Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
13.5% Senior Notes due February 1, 2026 |  |  | - |  |  |  | - |  |  |  | 92,331 |  |  |  | 92,331 |
5.0% Senior Notes due February 1, 2040 |  |  | - |  |  |  | - |  |  |  | 63,084 |  |  |  | 63,084 |
Senior Credit Facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Unsecured Term Loan Credit Facility due February 1, 2027 |  |  | - |  |  |  | - |  |  |  | 28,196 |  |  |  | 28,196 |
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 |  |  | - |  |  |  | - |  |  |  | 86,046 |  |  |  | 86,046 |
Total fair value |  | $ | - |  |  | $ | - |  |  | $ | 1,266,892 |  |  | $ | 1,266,892 |
(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. + References No definition available. + Details
Name: | hov_FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasis2TableTextBlock
Namespace Prefix: | hov_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14210-108612 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14217-108612 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612 + Details
Name: | us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring 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). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration