Note 12 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2012

Schedule of Components of Income Tax Payable (Receivable) [Table Text Block]

	Year Ended October 31,
(In thousands)	2012		2011
State income taxes:
Current	$	940	$	36,164
Deferred		-		-
Federal income taxes:
Current		5,942		5,665
Deferred		-		-
Total	$	6,882	$	41,829

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended October 31,
(In thousands)	2012			2011			2010
Current income tax (benefit) expense:
Federal	$	277		$	(1,577	)	$	(291,334	)
State(1)		(35,328	)		(3,924	)		(6,536	)
Total current income tax (benefit):		(35,051	)		(5,501	)		(297,870	)
Total	$	(35,051	)	$	(5,501	)	$	(297,870	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	Year Ended October 31,
(In thousands)	2012			2011
Deferred tax assets:
Association subsidy reserves	$	-		$	233
Depreciation		1,870			1,035
Inventory impairment loss		255,996			295,271
Uniform capitalization of overhead		6,046			6,446
Warranty and legal reserves		16,320			19,915
Deferred income		1,173			1,235
Acquisition intangibles		27,598			32,688
Restricted stock bonus		5,830			8,053
Rent on abandoned space		5,318			6,868
Stock options		5,831			1,956
Provision for losses		32,647			28,183
Joint venture loss		12,496			16,172
Federal net operating losses		528,117			444,573
State net operating losses		180,184			180,399
Other		11,362			9,547
Total deferred tax assets		1,090,788			1,052,574
Deferred tax liabilities:
Acquisition intangibles		296			303
Debt repurchase income		152,414			152,564
Other		197			293
Total deferred tax liabilities		152,907			153,160
Valuation allowance		(937,881	)		(899,414	)
Net deferred income taxes	$	-		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended October 31,
	2012			2011			2010
Computed “expected” tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of Federal income tax benefit		(2.6	)		(0.1	)		(0.3	)
Permanent differences, net		(0.3	)		(1.2	)		1.2
Deferred tax asset valuation allowance impact		(32.3	)		(25.8	)		65.2
Tax contingencies		34.8			(3.2	)		-
Adjustments to prior years’ tax accruals		-			(2.8	)		-
Other		-			-			(0.2	)
Effective tax rate		34.6	%		1.9	%		100.9	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2012			2011
Unrecognized tax benefit—November 1,	$	26.8		$	23.0
Gross increases—tax positions in current period		0.6			9.3
Decrease related to tax positions taken during a prior period		(16.2	)		-
Settlements		-			(0.4	)
Lapse of statute of limitations		(1.3	)		(5.1	)
Unrecognized tax benefit—October 31,	$	9.9		$	26.8