XML 68 R58.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 12 - Senior Notes and Credit Facilities (Details Textual) - USD ($) $ in Millions | 3 Months Ended |  |  |
--- | --- | --- | --- | ---
Apr. 30, 2023 | Oct. 31, 2022 | Apr. 30, 2022 | Oct. 31, 2019
Debt Covenant Fixed Charge Coverage Ratio Minimum | 2.0 |  |  |
Secured Debt Leverage Ratio | 4.0 |  |  |
Dividends Payable | $ 2.7 |  | $ 2.7 |
Senior Secured Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | $ 125.0 |  |  |
Line of Credit Facility, Unused Commitment Fee Rate | 1.00% |  |  |
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |  |  |  |
Line of Credit Facility, Variable Rate Floor | 1.00% |  |  |
Line of Credit Facility, Applicable Margin | 4.50% |  |  |
Senior Secured Revolving Credit Facility [Member] | Base Rate [Member] |  |  |  |
Line of Credit Facility, Applicable Margin | 3.50% |  |  |
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] |  |  |  |
Letters of Credit Outstanding, Amount | $ 5.3 | $ 6.0 |  |
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member] |  |  |  |
Debt Instrument, Collateral Amount | $ 5.5 | $ 6.1 |  |
Senior Secured Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility, Unused Commitment Fee Rate | 1.00% |  |  |
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] |  |  |  |
Line of Credit Facility, Variable Rate Floor | 1.00% |  |  |
Line of Credit Facility, Applicable Margin | 4.50% |  |  |
Senior Secured Revolving Credit Facility [Member] | Base Rate [Member] |  |  |  |
Line of Credit Facility, Applicable Margin | 3.50% |  |  |
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Cash and Cash Equivalents Collateral [Member] |  |  |  |
Debt Instrument, Collateral Amount | $ 340.3 |  |  |
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Restricted Cash [Member] |  |  |  |
Debt Instrument, Collateral Amount | 5.5 |  |  |
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Real Property [Member] |  |  |  |
Debt Instrument, Collateral Amount | 412.5 |  |  |
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Equity Interests in Joint Venture Holding Companies Collateral [Member] |  |  |  |
Debt Instrument, Collateral Amount | 83.9 |  |  |
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Debt Instrument, Face Amount | $ 26.0 |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% |  |
The 8.0% Senior Notes Due 2027 [Member] | UnsecuredSeniorNotesExcludingSeniorAmortizingNotesAndSeniorExchangeableNotesMember [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% |  |  |
Senior Secured Revolving Credit Facility [Member] |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  |  | $ 125.0
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 7.75% | 7.75% |  |
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | Principal Commencing February 15, 2023 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 101.937% |  |  |
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | Principal Commencing February 15, 2024 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 10.50% | 10.50% |  |
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | Principal Commencing February 15, 2023 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 102.625% |  |  |
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | Principal Commencing February 15, 2024 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | After November 15, 2023 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | After November 15, 2023 [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% |  |  |
Debt Instrument, Redemption Price, Percentage | 102.50% |  |  |
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Prior To February 15, 2026 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% |  |
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 11.25% | 11.25% |  |
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | After November 15, 2023 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | Before Nov 15, 2023 [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 102.50% |  |  |
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 13.50% | 13.50% |  |
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | 5.00% |  |
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member] |  |  |  |
Debt Instrument, Redemption Price, Percentage | 100.00% |  |  |
The 5.0% Senior Notes due 2040 [Member] | UnsecuredSeniorNotesExcludingSeniorAmortizingNotesAndSeniorExchangeableNotesMember [Member] |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% |  |  |

X
- Definition Represents minimum fixed coverage ratio on senior secured and senior notes allowed before the entity is restricted from making certain payments and incurring additional indebtedness. + References No definition available. + Details
Name: | hov_DebtCovenantFixedChargeCoverageRatioMinimum
Namespace Prefix: | hov_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of margin on the variable rate. + References No definition available. + Details
Name: | hov_LineOfCreditFacilityApplicableMargin
Namespace Prefix: | hov_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage rate of unused commitment fee in line of credit facility. + References No definition available. + Details
Name: | hov_LineOfCreditFacilityUnusedCommitmentFeeRate
Namespace Prefix: | hov_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the variable rate floor under the line of credit facility. + References No definition available. + Details
Name: | hov_LineOfCreditFacilityVariableRateFloor
Namespace Prefix: | hov_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The maximum for payments of dividends on preferred stock. + References No definition available. + Details
Name: | hov_SecuredDebtLeverageRatio
Namespace Prefix: | hov_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of assets pledged to secure a debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
Name: | us-gaap_DebtInstrumentCollateralAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482900/835-30-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph e -SubTopic 470 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(24)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 946 -SubTopic 405 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480191/946-405-45-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(15)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(15)(5)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
Name: | us-gaap_DividendsPayableCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=hov_SeniorSecuredRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=hov_StandaloneCashCollateralizedLetterOfCreditAgreementsAndFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=hov_RestrictedCashMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hov_SeniorSecuredRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hov_TheSecuredCreditFacilityTheNewSecuredNotesAndTheSecondLienNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=hov_CashAndCashEquivalentsCollateralMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=hov_RestrictedCashMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=hov_RealPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=hov_EquityInterestsInJointVentureHoldingCompaniesCollateralMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The80SeniorNotesDue2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hov_UnsecuredSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hov_UnsecuredSeniorNotesExcludingSeniorAmortizingNotesAndSeniorExchangeableNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_SeniorSecuredRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The775SeniorSecured1125LienNotesDueFebruary152026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=hov_SeniorSecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=hov_PrincipalCommencingFebruary152023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=hov_PrincipalCommencingFebruary152024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The105SeniorSecured125LienNotesDueFebruary152026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=hov_AfterNovember152023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The100SeniorSecured175LienNotesDue2025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=hov_PriorToFebruary152026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The1125SeniorSecured15LienNotesDueFebruary152026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_SeniorSecured175LienTermLoanCreditFacilityDueJanuary312028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=hov_BeforeNov152023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The135SeniorNotesDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=hov_The50SeniorNotesDue2040Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |