XML 55 R38.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

9 Months Ended

Jul. 31, 2024

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		July 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	129,396			$	331			$	129,727
Inventories			410,777				-				410,777
Other assets			350,532				-				350,532
Total assets		$	890,705			$	331			$	891,036
Liabilities and equity:
Accounts payable and accrued liabilities		$	514,266			$	31			$	514,297
Notes payable			94,478				-				94,478
Total liabilities			608,744				31				608,775
Equity of:
Hovnanian Enterprises, Inc.			124,213				1				124,214
Others			157,748				299				158,047
Total equity			281,961				300				282,261
Total liabilities and equity		$	890,705			$	331			$	891,036
Debt to capitalization ratio			25	%			0	%			25	%

		October 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	127,547			$	822			$	128,369
Inventories			375,022				-				375,022
Other assets			380,989				-				380,989
Total assets		$	883,558			$	822			$	884,380
Liabilities and equity:
Accounts payable and accrued liabilities		$	524,586			$	605			$	525,191
Notes payable			101,126				-				101,126
Total liabilities			625,712				605				626,317
Equity of:
Hovnanian Enterprises, Inc.			96,281				210				96,491
Others			161,565				7				161,572
Total equity			257,846				217				258,063
Total liabilities and equity		$	883,558			$	822			$	884,380
Debt to capitalization ratio			28	%			0	%			28	%

		Three Months Ended July 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	155,930			$	-			$	155,930
Cost of sales and expenses			(134,612	)			414				(134,198	)
Joint venture net income		$	21,318			$	414			$	21,732
Our share of net income		$	10,698			$	-			$	10,698

		Three Months Ended July 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	122,579			$	-			$	122,579
Cost of sales and expenses			(106,873	)			(1	)			(106,874	)
Joint venture net income (loss)		$	15,706			$	(1	)		$	15,705
Our share of net income (loss)		$	8,401			$	-			$	8,401

		Nine Months Ended July 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	406,399			$	-			$	406,399
Cost of sales and expenses			(354,388	)			414				(353,974	)
Joint venture net income		$	52,011			$	414			$	52,425
Our share of net income		$	36,814			$	-			$	36,814

		Nine Months Ended July 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	283,710			$	-			$	283,710
Cost of sales and expenses			(260,110	)			(4	)			(260,114	)
Joint venture net income (loss)		$	23,600			$	(4	)		$	23,596
Our share of net income (loss)		$	20,969			$	-			$	20,969

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

+ Details

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration