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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2023
Oct. 31, 2022
ASSETS    
Property and equipment, net $ 27,952 $ 25,819
Assets 2,483,754 2,562,030
Assets 2,483,754 2,562,030
Deferred tax assets, net 336,692 344,793
LIABILITIES AND EQUITY    
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 1,144,090 1,146,547
Liabilities 2,054,257 2,178,979
Liabilities 2,054,257 2,178,979
Income taxes payable 0 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 April 30, 2023 and October 31, 2022 135,299 135,299
Paid in capital - common stock 731,374 727,663
Accumulated deficit (304,889) (352,413)
Treasury stock - at cost – 901,379 shares of Class A common stock at April 30, 2023 and 782,901 shares at October 31, 2022; 27,669 shares of Class B common stock at April 30, 2023 and October 31, 2022 (132,382) (127,582)
Total Hovnanian Enterprises, Inc. stockholders’ equity 429,471 383,036
Noncontrolling interest in consolidated joint ventures 26 15
Total equity 429,497 383,051
Total liabilities and equity 2,483,754 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 333,254 326,198
Restricted cash and cash equivalents 7,916 13,382
Sold and unsold homes and lots under development 1,060,410 1,058,183
Land and land options held for future development or sale 123,832 152,406
Consolidated inventory not owned 300,750 308,595
Total inventories 1,484,992 1,519,184
Investments in and advances to unconsolidated joint ventures 85,820 74,940
Receivables, deposits and notes, net 37,210 37,837
Prepaid expenses and other assets 56,756 63,884
Assets 2,033,900 2,061,244
Assets 2,033,900 2,061,244
LIABILITIES AND EQUITY    
Accounts payable and other liabilities 376,866 439,952
Customers’ deposits 71,359 74,020
Liabilities from inventory not owned, net of debt issuance costs 200,299 202,492
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs) 1,144,090 1,146,547
Accrued interest 36,220 32,415
Liabilities 1,962,958 2,040,231
Liabilities 1,962,958 2,040,231
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
LIABILITIES AND EQUITY    
Secured Debt 134,124 144,805
Financial Services [Member]    
ASSETS    
Cash and cash equivalents 3,790  
Restricted cash and cash equivalents 25,754  
Assets 113,162 155,993
Assets 113,162 155,993
LIABILITIES AND EQUITY    
Liabilities 91,299 135,581
Liabilities $ 91,299 $ 135,581