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

3 Months Ended

Jan. 31, 2016

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

	Parent		Subsidiary Issuer		Guarantor Subsidiaries	Nonguarantor Subsidiaries	Eliminations		Consolidated
ASSETS:
Homebuilding	$-		$147,194		$1,503,913	$420,787	$-		$2,071,894
Financial services					16,099	177,359			193,458
Income taxes receivable	140,493		(82,294	)	229,167	22			287,388
Intercompany receivable			1,471,938			60,268	(1,532,206	)	-
Investments in and amounts due from consolidated subsidiaries					398,585		(398,585	)	-
Total assets	$140,493		$1,536,838		$2,147,764	$658,436	$(1,930,791	)	$2,552,740
LIABILITIES AND EQUITY:
Homebuilding	$2,508		$112		$667,519	$106,991	$-		$777,130
Financial services					15,633	152,418			168,051
Notes payable			1,747,427		2,833	439			1,750,699
Intercompany payable	179,839				1,352,367		(1,532,206	)	-
Amounts due to consolidated subsidiaries	101,286		12,497				(113,783	)	-
Stockholders’ (deficit) equity	(143,140	)	(223,198	)	109,412	398,588	(284,802	)	(143,140	)
Total liabilities and equity	$140,493		$1,536,838		$2,147,764	$658,436	$(1,930,791	)	$2,552,740

	Parent		Subsidiary Issuer		Guarantor Subsidiaries	Nonguarantor Subsidiaries	Eliminations		Consolidated
ASSETS:
Homebuilding	$-		$230,358		$1,553,811	$367,869	$ -		$2,152,038
Financial services					15,680	144,301			159,981
Income taxes receivable	128,176		(89,212	)	251,293	22			290,279
Intercompany receivable			1,575,712			58,280	(1,633,992	)	-
Investments in and amounts due from consolidated subsidiaries			1,013		383,032		(384,045	)	-
Total assets	$128,176		$1,717,871		$2,203,816	$570,472	$(2,018,037	)	$2,602,298
LIABILITIES AND EQUITY:
Homebuilding	$3,076		$87		$588,854	$65,947	$-		$657,964
Financial services					15,677	121,106			136,783
Notes payable			1,933,119		2,132	384			1,935,635
Intercompany payable	180,681				1,453,311		(1,633,992	)	-
Amounts due to consolidated subsidiaries	72,503						(72,503	)	-
Stockholders’ (deficit) equity	(128,084	)	(215,335	)	143,842	383,035	(311,542	)	(128,084	)
Total liabilities and equity	$128,176		$1,717,871		$2,203,816	$570,472	$(2,018,037	)	$2,602,298

Condensed Income Statement [Table Text Block]

	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations		Consolidated
Revenues:
Homebuilding	$-		$-		$474,910		$82,469		$-		$557,379
Financial services					2,245		15,981				18,226
Intercompany charges			34,540						(34,540	)	-
Total revenues	-		34,540		477,155		98,450		(34,540	)	575,605
Expenses:
Homebuilding	1,940		35,811		466,620		74,733				579,104
Financial services					1,624		6,591				8,215
Intercompany charges					34,463		77		(34,540	)	-
Total expenses	1,940		35,811		502,707		81,401		(34,540	)	587,319
(Loss) income from unconsolidated joint ventures					16		(1,496	)			(1,480	)
(Loss) income before income taxes	(1,940	)	(1,271	)	(25,536	)	15,553		-		(13,194	)
State and federal income tax provision (benefit)	(14,550	)	(6,918	)	24,447						2,979
Equity in (loss) income of consolidated subsidiaries	(28,783	)	(13,510	)	15,553				26,740		-
Net (loss) income	$(16,173	)	$(7,863	)	$(34,430	)	$15,553		$26,740		$(16,173	)

	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
Income (loss) 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	)

Condensed Cash Flow Statement [Table Text Block]

	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations		Consolidated
Cash flows from operating activities:
Net (loss) income	$(16,173	)	$(7,863	)	$(34,430	)	$15,553		$26,740		$(16,173	)
Adjustments to reconcile net (loss) income to net cash used in operating activities	(11,768	)	(16,045	)	80,623		(74,978	)	(26,740	)	(48,908	)
Net cash (used in) provided by operating activities	(27,941	)	(23,908	)	46,193		(59,425	)	-		(65,081	)
Cash flows from investing activities:
Proceeds from sale of property and assets					72		21				93
Purchase of property, equipment & other fixed assets and acquisitions					(1,223	)	(30	)			(1,253	)
Increase in restricted cash related to mortgage company							(81	)			(81	)
Decrease in restricted cash related to letters of credit			52								52
Investments in and advances to unconsolidated joint ventures			(130	)	(865	)	(10,502	)			(11,497	)
Distributions of capital from unconsolidated joint ventures					80		2,052				2,132
Intercompany investing activities			117,284						(117,284	)	-
Net cash (used in) provided by investing activities	-		117,206		(1,936	)	(8,540	)	(117,284	)	(10,554	)
Cash flows from financing activities:
Net payments from mortgages and notes					(10,035	)	(5,358	)			(15,393	)
Net proceeds from model sale leaseback financing programs					2,118		111				2,229
Net proceeds from land bank financing programs					106,813		28,261				135,074
Payments related to senior notes and senior amortizing notes			(175,040	)							(175,040	)
Net proceeds related to mortgage warehouse lines of credit							31,481				31,481
Deferred financing cost from land bank financing program and note issuances					(2,496	)	(1,387	)			(3,883	)
Intercompany financing activities	27,941				(143,237	)	(1,988	)	117,284		-
Net cash (used in) provided by financing activities	27,941		(175,040	)	(46,837	)	51,120		117,284		(25,532	)
Net decrease in cash	-		(81,742	)	(2,580	)	(16,845	)	-		(101,167	)
Cash and cash equivalents balance, beginning of period			199,318		(4,800	)	59,227				253,745
Cash and cash equivalents balance, end of period	$-		$117,576		$(7,380	)	$42,382		$-		$152,578

	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