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Note 20 - Fair Value of Financial Instruments (Tables)

3 Months Ended

Jan. 31, 2024

Fair Value of Financial Instruments

Schedule of financial instruments measured at fair value on a recurring basis

			Fair Value at				Fair Value at
	Fair Value		January 31,				October 31,
(In thousands)	Hierarchy		2024				2023
Mortgage loans held for sale (1)	Level 2		$	99,046			$	130,235

(1) The aggregate unpaid principal balance was $98.2 million and $130.4 million at January 31, 2024 and October 31, 2023, respectively.

Schedule of change in fair value included in financial services revenue

Three Months Ended January 31, 2024

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

For Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$

802

$

-

$

-

Three Months Ended January 31, 2023

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

For Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$

421

$

-

$

(37

)

Schedule of fair value of each series of Notes and Credit Facilities

Fair Value as of January 31, 2024

(In thousands)		Level 1				Level 2				Level 3				Total
Senior Secured Notes:
8.0% Senior Secured 1.125 Lien Notes due September 30, 2028			-				-				231,750				231,750
11.75% Senior Secured 1.25 Lien Notes due September 30, 2029			-				477,300				-				477,300
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				-				95,745				95,745
5.0% Senior Notes due February 1, 2040			-				-				45,484				45,484
Senior Credit Facilities:
Senior Unsecured Term Loan Credit Facility due February 1, 2027			-				-				37,490				37,490
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				90,552				90,552
Total fair value		$	-			$	477,300			$	501,021			$	978,321

Fair Value as of October 31, 2023

(In thousands)		Level 1				Level 2				Level 3				Total
Senior Secured Notes:
10.0% Senior Secured 1.75 Lien Notes due November 15, 2025			-				113,843				-				113,843
8.0% Senior Secured 1.125 Lien Notes due September 30, 2028			-				-				230,690				230,690
11.75% Senior Secured 1.25 Lien Notes due September 30, 2029			-				476,655				-				476,655
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				-				95,062				95,062
5.0% Senior Notes due February 1, 2040			-				-				44,843				44,843
Senior Credit Facilities:
Senior Unsecured Term Loan Credit Facility due February 1, 2027			-				-				35,034				35,034
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				81,742				81,742
Total fair value		$	-			$	590,498			$	487,371			$	1,077,869

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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Tabular disclosure of information about asset and liability measured at fair value under fair value option.

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-Name Accounting Standards Codification
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+ References

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-Topic 820
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-Name Accounting Standards Codification
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