Note 21 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

3 Months Ended

Jan. 31, 2015

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

	Parent		Subsidiary Issuer		Guarantor Subsidiaries	Nonguarantor Subsidiaries	Eliminations		Consolidated
ASSETS:
Homebuilding	$-		$263,151		$1,393,722	$402,686	$-		$2,059,559
Financial services					6,894	104,769			111,663
Income taxes receivable	254,444				35,769				290,213
Intercompany receivable			1,447,274				(1,447,274	)	-
Investments in and amounts due from consolidated subsidiaries					351,918		(351,918	)	-
Total assets	$254,444		$1,710,425		$1,788,303	$507,455	(1,799,192	)	$2,461,435
LIABILITIES AND EQUITY:
Homebuilding	$3,184		$31		$512,695	$50,707	$-		$566,617
Financial services					6,646	80,015			86,661
Notes payable			1,935,129		2,420	592			1,938,141
Intercompany payable	307,713				1,115,338	24,223	(1,447,274	)	-
Amounts due to consolidated subsidiaries	73,531		24,711				(98,242	)	-
Stockholders’ (deficit) equity	(129,984	)	(249,446	)	151,204	351,918	(253,676	)	(129,984	)
Total liabilities and equity	$254,444		$1,710,425		$1,788,303	$507,455	(1,799,192	)	$2,461,435

	Parent		Subsidiary Issuer		Guarantor Subsidiaries	Nonguarantor Subsidiaries	Eliminations		Consolidated
ASSETS:
Homebuilding	$-		$195,177		$1,336,716	$353,151	$ -		$1,855,044
Financial services					11,407	108,936			120,343
Income taxes receivable	244,391				40,152				284,543
Intercompany receivable			1,275,453			36,161	(1,311,614	)	-
Investments in and amounts due from consolidated subsidiaries					338,044		(338,044	)	-
Total assets	$244,391		$1,470,630		$1,726,319	$498,248	$(1,649,658	)	$2,289,930
LIABILITIES AND EQUITY:
Homebuilding	$2,842		$160		$544,088	$71,663	$-		$618,753
Financial services					11,210	87,987			99,197
Notes payable			1,685,892		3,336	551			1,689,779
Intercompany payable	308,700				1,002,914		(1,311,614	)	-
Amounts due to consolidated subsidiaries	50,648		11,902				(62,550	)	-
Stockholders’ (deficit) equity	(117,799	)	(227,324	)	164,771	338,047	(275,494	)	(117,799	)
Total liabilities and equity	$244,391		$1,470,630		$1,726,319	$498,248	$(1,649,658	)	$2,289,930

Condensed Income Statement [Table Text Block]

	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Nonguarantor Subsidiaries	Eliminations		Consolidated
Revenues:
Homebuilding	$-		$-		$365,189		$69,403	$-		$434,592
Financial services					1,833		9,289			11,122
Intercompany charges			28,512					(28,512	)	-
Total revenues	-		28,512		367,022		78,692	(28,512	)	445,714
Expenses:
Homebuilding	3,711		37,828		357,509		60,481			459,529
Financial services	68				1,573		5,676			7,317
Intercompany charges					28,382		130	(28,512	)	-
Total expenses	3,779		37,828		387,464		66,287	(28,512	)	466,846
(Loss) income from unconsolidated joint ventures					(14	)	1,466			1,452
(Loss) income before income taxes	(3,779	)	(9,316	)	(20,456	)	13,871	-		(19,680	)
State and federal income tax (benefit) provision	(12,286	)			6,982					(5,304	)
Equity in (loss) income of consolidated subsidiaries	(22,883	)	(12,806	)	13,871			21,818		-
Net (loss) income	$(14,376	)	$(22,122	)	$(13,567	)	$13,871	$21,818		$(14,376	)

	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations		Consolidated
Revenues:
Homebuilding	$-		$(46	)	$283,038		$72,962		$-		$355,954
Financial services					1,835		6,259				8,094
Intercompany charges			21,367		(21,262	)	(249	)	144		-
Total revenues			21,321		263,611		78,972		144		364,048
Expenses:
Homebuilding	3,983		31,179		289,618		61,009		(1,952	)	383,837
Financial services	4				1,525		5,143				6,672
Total expenses	3,987		31,179		291,143		66,152		(1,952	)	390,509
Income from unconsolidated joint ventures					23		2,548				2,571
(Loss) income before income taxes	(3,987	)	(9,858	)	(27,509	)	15,368		2,096		(23,890	)
State and federal income tax (benefit) provision	(3,592	)			4,225						633
Equity in (loss) income of consolidated subsidiaries	(24,128	)	(12,079	)	15,368				20,839		-
Net (loss) income	$(24,523	)	$(21,937	)	$(16,366	)	$15,368		$22,935		$(24,523	)

Condensed Cash Flow Statement [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(14,376	)	$	(22,122	)	$	(13,567	)	$	13,871		$	21,818		$	(14,376	)
Adjustments to reconcile net (loss) income to net cash used in operating activities		(7,520	)		3,248			(39,948	)		(115,203	)		(21,818	)		(181,241	)
Net cash used in operating activities		(21,896	)		(18,874	)		(53,515	)		(101,332	)		-			(195,617	)
Cash flows from investing activities:
Proceeds from sale of property and assets								156			12						168
Purchase of property, equipment & other fixed assets and acquisitions								(879	)								(879	)
Decrease in restricted cash related to mortgage company											387						387
Investments in and advances to unconsolidated joint ventures					81			146			(11,962	)					(11,735	)
Distribution of capital from unconsolidated joint ventures											627						627
Intercompany investing activities					(159,012	)								159,012			-
Net cash used in investing activities					(158,931	)		(577	)		(10,936	)		159,012			(11,432	)
Cash flows from financing activities:
Net proceeds from mortgages and notes								(10,277	)		6,958						(3,319	)
Net proceeds from model sale leaseback financing programs								(5,606	)		(196	)					(5,802	)
Net proceeds from land bank financing programs								(6,332	)		(871	)					(7,203	)
Net proceeds from senior notes					247,938												247,938
Net proceeds related to mortgage warehouse lines of credit											(8,153	)					(8,153	)
Deferred financing cost from land bank financing program and note issuances					(4,627	)		(114	)		(270	)					(5,011	)
Intercompany financing activities		21,896						76,732			60,384			(159,012	)		-
Net cash provided by financing activities		21,896			243,311			54,403			57,852			(159,012	)		218,450
Net increase (decrease) in cash and cash equivalents		-			65,506			311			(54,416	)		-			11,401
Cash and cash equivalents balance, beginning of period					159,508			(4,726	)		107,116						261,898
Cash and cash equivalents balance, end of period	$	-		$	225,014		$	(4,415	)	$	52,700		$	-		$	273,299

	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net (loss) income	$(24,523	)	$(21,937	)	$(16,366	)	$15,368		$22,935		$(24,523	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities	(3,110	)	1,280		(114,750	)	32,986		(22,935	)	(106,529	)
Net cash (used in) provided by operating activities	(27,633	)	(20,657	)	(131,116	)	48,354				(131,052	)
Net cash provided by (used in) investing activities			215		(363	)	152				4
Net cash provided by (used in) financing activities			144,328		10,772		(64,371	)			90,729
Intercompany investing and financing activities – net	27,633		(150,337	)	119,706		2,998				-
Net decrease in cash			(26,451	)	(1,001	)	(12,867	)			(40,319	)
Cash and cash equivalents balance, beginning of period			243,470		(6,479	)	92,213				329,204
Cash and cash equivalents balance, end of period	$-		$217,019		$(7,480	)	$79,346		$-		$288,885