XML 67 R39.htm IDEA: XBRL DOCUMENT
v3.23.4

Note 11 - Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2023
Notes Tables |
Schedule of Components of Income Tax Payable Receivable [Table Text Block] |
|  | October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
State income taxes: |  |  |  |  |  |  |  |
Current |  | $ | 1,861 |  |  | $ | 3,167 |
Deferred |  |  | (74,110 | ) |  |  | (69,248 | )
Federal income taxes: |  |  |  |  |  |  |  |
Current |  |  | - |  |  |  | - |
Deferred |  |  | (228,723 | ) |  |  | (275,545 | )
Total |  | $ | (300,972 | ) |  | $ | (341,626 | )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended October 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal (1) |  | $ | - |  |  | $ | - |  |  | $ | - |
State (2) |  |  | 8,101 |  |  |  | 13,377 |  |  |  | 7,722 |
Total current income tax expense: |  |  | 8,101 |  |  |  | 13,377 |  |  |  | 7,722 |
Federal |  |  | 46,821 |  |  |  | 60,064 |  |  |  | (335,608 | )
State |  |  | (4,862 | ) |  |  | 20,822 |  |  |  | (90,070 | )
Total deferred income tax expense (benefit): |  |  | 41,959 |  |  |  | 80,886 |  |  |  | (425,678 | )
Total |  | $ | 50,060 |  |  | $ | 94,263 |  |  | $ | (417,956 | )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | October 31, |
(In thousands) |  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |
Inventory impairments |  | $ | 26,168 |  |  | $ | 30,772 |
Uniform capitalization of overhead |  |  | 3,692 |  |  |  | 4,285 |
Warranty and legal reserves |  |  | 4,439 |  |  |  | 5,668 |
Compensation |  |  | 11,377 |  |  |  | 13,746 |
Deferred income |  |  | 1,167 |  |  |  | 2,425 |
Interest expense |  |  | 4,939 |  |  |  | 3,646 |
Restricted stock units |  |  | 2,069 |  |  |  | 1,628 |
Stock options |  |  | 209 |  |  |  | 818 |
Provision for losses |  |  | 18,349 |  |  |  | 17,700 |
Federal net operating losses |  |  | 147,841 |  |  |  | 194,306 |
State net operating losses |  |  | 136,257 |  |  |  | 150,832 |
Tax credit carryforwards |  |  | 21,260 |  |  |  | 12,254 |
Other |  |  | 3,688 |  |  |  | 5,005 |
Total deferred tax assets |  |  | 381,455 |  |  |  | 443,085 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Joint venture income |  |  | (6,743 | ) |  |  | (2,565 | )
Total deferred tax liabilities |  |  | (6,743 | ) |  |  | (2,565 | )
Valuation allowance |  |  | (71,879 | ) |  |  | (95,727 | )
Deferred tax assets, net |  | $ | 302,833 |  |  | $ | 344,793 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended October 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Federal statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes, net of federal income tax benefit |  |  | 6.2 |  |  |  | 9.8 |  |  |  | 4.0 |
Permanent differences, net |  |  | 0.9 |  |  |  | 0.8 |  |  |  | 3.6 |
Deferred tax asset valuation allowance impact |  |  | (6.3 | ) |  |  | 0.0 |  |  |  | (248.5 | )
Tax contingencies |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.2 | )
Tax credits |  |  | (2.2 | ) |  |  | 0.0 |  |  |  | 0.0 |
Adjustments to prior years’ tax accruals |  |  | 0.1 |  |  |  | (2.0 | ) |  |  | 0.0 |
Effective tax rate |  |  | 19.6 | % |  |  | 29.5 | % |  |  | (220.1 | )%
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(In millions) |  |  | 2023 |  |  |  | 2022 |
Unrecognized tax benefit—November 1, |  | $ | 0.2 |  |  | $ | 0.5 |
Gross increases—tax positions in current period |  |  | - |  |  |  | - |
Lapse of statute of limitations |  |  | (0.2 | ) |  |  | (0.3 | )
Unrecognized tax benefit—October 31, |  | $ | - |  |  | $ | 0.2 |

X
- Definition Tabular disclosure of income taxes payable + References No definition available. + Details
Name: | hov_ScheduleOfComponentsOfIncomeTaxPayableReceivableTableTextBlock
Namespace Prefix: | hov_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
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