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Note 11 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2021

Notes Tables

Schedule of Components of Income Tax Payable Receivable [Table Text Block]

		Year Ended October 31,
(In thousands)		2021				2020
State income taxes:
Current		$	3,851			$	3,832
Deferred			(90,070	)			-
Federal income taxes:
Current			-				-
Deferred			(335,608	)			-
Total		$	(421,827	)		$	3,832

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Year Ended October 31,
(In thousands)		2021				2020				2019
Current income tax expense:
Federal (1)		$	-			$	-			$	-
State (2)			7,722				4,475				2,449
Total current income tax expense:			7,722				4,475				2,449
Federal			(335,608	)			-				-
State			(90,070	)			-				-
Total deferred income tax expense:			(425,678	)			-				-
Total		$	(417,956	)		$	4,475			$	2,449

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Year Ended October 31,
(In thousands)		2021				2020
Deferred tax assets:
Inventory impairment loss		$	34,973			$	42,120
Uniform capitalization of overhead			4,483				3,870
Warranty and legal reserves			5,671				4,848
Compensation			12,464				9,554
Deferred Income			1,420				3,793
Interest Expense			2,582				3,930
Restricted stock bonus			1,159				1,644
Stock options			1,009				4,026
Provision for losses			17,064				16,566
Joint venture loss			743				3,020
Federal net operating losses			263,366				299,854
State net operating losses			177,163				181,050
Other			5,136				3,259
Total deferred tax assets			527,233				577,534
Total deferred tax liabilities			-				-
Valuation allowance			(101,555	)			(577,534	)
Net deferred income taxes		$	425,678			$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended October 31,
		2021				2020				2019
Federal statutory income tax rate			21.0	%			21.0	%			21.0	%
State income taxes, net of federal income tax benefit			4.0				10.6				(5.0	)
Permanent differences, net			3.6				53.2				(42.4	)
Deferred tax asset valuation allowance impact			(248.5	)			(83.3	)			20.8
Tax contingencies			(0.2	)			(0.5	)			0.5
Adjustments to prior years’ tax accruals			0.0				7.0				(1.0	)
Effective tax rate			(220.1	)%			8.0	%			(6.1	)%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		Year Ended October 31,
		2021				2020
Unrecognized tax benefit—November 1,		$	0.7			$	0.9
Gross increases—tax positions in current period			-				-
Lapse of statute of limitations			(0.2	)			(0.2	)
Unrecognized tax benefit—October 31,		$	0.5			$	0.7

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