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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2023
Oct. 31, 2022
ASSETS    
Property and equipment, net $ 28,089 $ 25,819
Assets 2,435,185 2,562,030
Assets 2,435,185 2,562,030
Deferred tax assets, net 347,369 344,793
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 1,145,261 1,146,547
Liabilities 2,039,388 2,178,979
Liabilities 2,039,388 2,178,979
Income taxes payable 4,991 3,167
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2023 and October 31, 2022 135,299 135,299
Paid in capital - common stock 729,158 727,663
Accumulated deficit (336,366) (352,413)
Treasury stock - at cost – 901,379 shares of Class A common stock at January 31, 2023 and 782,901 shares at October 31, 2022; 27,669 shares of Class B common stock at January 31, 2023 and October 31, 2022 (132,382) (127,582)
Total Hovnanian Enterprises, Inc. stockholders’ equity 395,778 383,036
Noncontrolling interest in consolidated joint ventures 19 15
Total equity 395,797 383,051
Total liabilities and equity 2,435,185 2,562,030
Common Class A [Member]    
LIABILITIES AND EQUITY    
Common Stock 62 62
Common Class B [Member]    
LIABILITIES AND EQUITY    
Common Stock 7 7
Homebuilding [Member]    
ASSETS    
Cash and cash equivalents 234,929 326,198
Restricted cash and cash equivalents 8,154 13,382
Sold and unsold homes and lots under development 1,066,455 1,058,183
Land and land options held for future development or sale 125,561 152,406
Consolidated inventory not owned 315,022 308,595
Total inventories 1,507,038 1,519,184
Investments in and advances to unconsolidated joint ventures 101,013 74,940
Receivables, deposits and notes, net 37,577 37,837
Prepaid expenses and other assets 58,260 63,884
Assets 1,975,060 2,061,244
Assets 1,975,060 2,061,244
LIABILITIES AND EQUITY    
Accounts payable and other liabilities 331,314 439,952
Customers’ deposits 71,243 74,020
Liabilities from inventory not owned, net of debt issuance costs 209,579 202,492
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 1,145,261 1,146,547
Accrued interest 52,036 32,415
Liabilities 1,943,319 2,040,231
Liabilities 1,943,319 2,040,231
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
LIABILITIES AND EQUITY    
Secured Debt, Total 133,886 144,805
Financial Services [Member]    
ASSETS    
Cash and cash equivalents 4,682  
Restricted cash and cash equivalents 31,516  
Assets 112,756 155,993
Assets 112,756 155,993
LIABILITIES AND EQUITY    
Liabilities 91,078 135,581
Liabilities $ 91,078 $ 135,581