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Note 20 - Fair Value of Financial Instruments (Tables)

3 Months Ended

Jan. 31, 2025

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		2025				2024
Mortgage loans held for sale (1)	Level 2		$	116,153			$	148,925

(1) The aggregate unpaid principal balance was $116.9 million and $149.4 million at January 31, 2025 and October 31, 2024, respectively.

Schedule of change in fair value included in financial services revenue

Three Months Ended January 31, 2025

Mortgage

Interest Rate

Loans Held

Lock

Forward

(In thousands)

For Sale

Commitments

Contracts

Change in fair value included in financial services revenue

$

(735

)

$

-

$

-

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

$

-

$

-

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

Fair Value as of January 31, 2025

(In thousands)		Level 1				Level 2				Level 3				Total
Senior Secured Notes:
8.0% Senior Secured 1.125 Lien Notes due September 30, 2028		$	-			$	228,724			$	-			$	228,724
11.75% Senior Secured 1.25 Lien Notes due September 30, 2029			-				468,524				-				468,524
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				-				27,162				27,162
5.0% Senior Notes due February 1, 2040			-				-				15,313				15,313
Senior Credit Facilities:
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				187,275				187,275
Total fair value		$	-			$	697,248			$	229,750			$	926,998

Fair Value as of October 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			-				231,068				-				231,068
11.75% Senior Secured 1.25 Lien Notes due September 30, 2029			-				474,561				-				474,561
Senior Notes:
13.5% Senior Notes due February 1, 2026			-				-				27,020				27,020
5.0% Senior Notes due February 1, 2040			-				11,485				-				11,485
Senior Credit Facilities:
Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028			-				-				190,041				190,041
Total fair value		$	-			$	717,114			$	217,061			$	934,175

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.

+ References

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-30

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-31

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-32

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
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