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

9 Months Ended

Jul. 31, 2022

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)		July 31, 2022
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	142,058			$	1,104			$	143,162
Inventories			459,356				-				459,356
Other assets			28,809				-				28,809
Total assets		$	630,223			$	1,104			$	631,327
Liabilities and equity:
Accounts payable and accrued liabilities		$	465,579			$	884				466,463
Notes payable			44,380				-				44,380
Total liabilities			509,959				884				510,843
Equity of:
Hovnanian Enterprises, Inc.			72,737				211				72,948
Others			47,527				9				47,536
Total equity			120,264				220				120,484
Total liabilities and equity		$	630,223			$	1,104			$	631,327
Debt to capitalization ratio			27	%			0	%			27	%

(Dollars in thousands)		October 31, 2021
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	132,963			$	1,972			$	134,935
Inventories			442,347				-				442,347
Other assets			34,551				-				34,551
Total assets		$	609,861			$	1,972			$	611,833
Liabilities and equity:
Accounts payable and accrued liabilities		$	386,117			$	1,681			$	387,798
Notes payable			73,994				-				73,994
Total liabilities			460,111				1,681				461,792
Equity of:
Hovnanian Enterprises, Inc.			58,460				254				58,714
Others			91,290				37				91,327
Total equity			149,750				291				150,041
Total liabilities and equity		$	609,861			$	1,972			$	611,833
Debt to capitalization ratio			33	%			0	%			33	%

		Three Months Ended July 31, 2022
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	80,745			$	-			$	80,745
Cost of sales and expenses			(74,303	)			(3	)			(74,306	)
Joint venture net income (loss)		$	6,442			$	(3	)		$	6,439
Our share of net income (loss)		$	12,570			$	(13	)		$	12,557

		Three Months Ended July 31, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	102,576			$	-			$	102,576
Cost of sales and expenses			(96,622	)			(31	)			(96,653	)
Joint venture net income (loss)		$	5,954			$	(31	)		$	5,923
Our share of net income		$	5,012			$	-			$	5,012

		Nine Months Ended July 31, 2022
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	237,732			$	113			$	237,845
Cost of sales and expenses			(218,171	)			(34	)			(218,205	)
Joint venture net income		$	19,561			$	79			$	19,640
Our share of net income		$	23,887			$	32			$	23,919

		Nine Months Ended July 31, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	265,566			$	691			$	266,257
Cost of sales and expenses			(255,591	)			(208	)			(255,799	)
Joint venture net income		$	9,975			$	483			$	10,458
Our share of net income		$	9,560			$	208			$	9,768

X

- 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 https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

No definition available.

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