XML 62 R43.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2022 | Jul. 31, 2021
Real Estate Inventory Expense Not Eligible for Capitalization | [1],[2] | $ 9,624 | $ 19,158 | $ 35,442 | $ 65,166
Qualifying Assets Not Exceeding Debt [Member] |  |  |  |  |
Real Estate Inventory Expense Not Eligible for Capitalization |  | 5,000 | 14,400 | 25,500 | 48,100
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member] |  |  |  |  |
Real Estate Inventory Expense Not Eligible for Capitalization |  | $ 4,600 | $ 4,800 | $ 9,900 | $ 17,100
[1] | Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows: Three Months Ended Nine Months Ended July 31, July 31, (In thousands) 2022 2021 2022 2021 Other interest expensed $ 9,624 $ 19,158 $ 35,442 $ 65,166 Interest paid by our mortgage and finance subsidiaries 404 602 1,234 1,554 Increase in accrued interest (19,194 ) (12,139 ) (19,408 ) (11,897 ) Cash paid for interest, net of capitalized interest $ (9,166 ) $ 7,621 $ 17,268 $ 54,823
[2] | Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $5.0 million and $14.4 million for the three months ended July 31, 2022 and 2021, respectively, and $25.5 million and $48.1 million for the nine months ended July 31, 2022 and 2021, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed. This component of other interest was $4.6 million and $4.8 million for the three months ended July 31, 2022 and 2021, respectively, and $9.9 million and $17.1 million for the nine months ended July 31, 2022 and 2021, respectively.

X
- Definition Interest cost which does not qualify for interest capitalization. + References No definition available. + Details
Name: | hov_RealEstateInventoryExpenseNotEligibleForCapitalization
Namespace Prefix: | hov_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_NatureOfExpenseAxis=hov_QualifyingAssetsNotExceedingDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_NatureOfExpenseAxis=hov_CompletedHomesLandInPlanningAndFullyDevelopedLotsWithoutHomesUnderConstructionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |