XML 66 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Note 19 - Fair Value of Financial Instruments (Tables)
9 Months Ended
Jul. 31, 2019
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
(In thousands)
Fair Value
Hierarchy
 
Fair Value at
July 31, 2019
   
Fair Value at
October 31, 2018
 
               
Mortgage loans held for sale (1)
Level 2
 
$83,846
   
$130,709
 
Interest rate lock commitments
Level 2
 
42
   
(28
)
Forward contracts
Level 2
 
(36
)
 
13
 
Total
 
$83,852
   
$130,694
 
Fair Value Option, Disclosures [Table Text Block]
   
Three Months Ended July 31, 2019
 
(In thousands)
 
Mortgage
Loans Held
For Sale
   
Interest Rate
Lock
Commitments
   
Forward
Contracts
 
                   
Fair value included in net loss all reflected in financial services revenues
 
$(477
)
 
$25
   
$(57
)
   
Three Months Ended July 31, 2018
 
(In thousands)
 
Mortgage
Loans Held
For Sale
   
Interest Rate
Lock
Commitments
   
Forward
Contracts
 
                   
Fair value included in net loss all reflected in financial services revenues
 
$(315
)
 
$53
   
$(41
)
   
Nine Months Ended July 31, 2019
 
(In thousands)
 
Mortgage
Loans Held
For Sale
   
Interest Rate
Lock
Commitments
   
Forward
Contracts
 
                   
Fair value included in net loss all reflected in financial services revenues
 
$2,465
   
$42
   
$(36
)
   
Nine Months Ended July 31, 2018
 
(In thousands)
 
Mortgage
Loans Held
For Sale
   
Interest Rate
Lock
Commitments
   
Forward
Contracts
 
                   
Fair value included in net loss all reflected in financial services revenues
 
$2,226
   
$(17
)
 
$83
 
Fair Value Measurements, Nonrecurring [Table Text Block]
     
Three Months Ended
 
     
July 31, 2019
 
(In thousands)
Fair
Value
Hierarchy
 
Pre-Impairment
Amount
   
Total
Losses
   
Fair Value
 
                     
Sold and unsold homes and lots under development
Level 3
 
$1,218
   
$(118
)
 
$1,100
 
Land and land options held for future development or sale
Level 3
 
$-
   
$-
   
$-
 
     
Three Months Ended
 
     
July 31, 2018
 
(In thousands)
Fair
Value
Hierarchy
 
Pre-Impairment
Amount
   
Total
Losses
   
Fair Value
 
                     
Sold and unsold homes and lots under development
Level 3
 
$-
   
$-
   
$-
 
Land and land options held for future development or sale
Level 3
 
$-
   
$-
   
$-
 
     
Nine Months Ended
 
     
July 31, 2019
 
(In thousands)
Fair
Value
Hierarchy
 
Pre-Impairment
Amount
   
Total
Losses
   
Fair Value
 
                     
Sold and unsold homes and lots under development
Level 3
 
$5,124
   
$(1,085
)
 
$4,039
 
Land and land options held for future development or sale
Level 3
 
$6,302
   
$(43
)
 
$6,259
 
     
Nine Months Ended
 
     
July 31, 2018
 
(In thousands)
Fair
Value
Hierarchy
 
Pre-Impairment
Amount
   
Total
Losses
   
Fair Value
 
                     
Sold and unsold homes and lots under development
Level 3
 
$11,170
   
$(2,117
)
 
$9,053
 
Land and land options held for future development or sale
Level 3
 
$-
   
$-
   
$-
 
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis 2 [Table Text Block]
(In thousands)
 
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Senior Secured Notes:
                       
9.5% Senior Secured Notes due November 15, 2020
 
$-
   
$-
   
$73,500
   
$73,500
 
2.0% Senior Secured Notes due November 1, 2021
 
-
   
-
   
47,351
   
47,351
 
5.0% Senior Secured Notes due November 1, 2021
 
-
   
135,558
   
-
   
135,558
 
10.0% Senior Secured Notes due July 15, 2022
 
-
   
376,200
   
-
   
376,200
 
10.5% Senior Secured Notes due July 15, 2024
 
-
   
340,523
   
-
   
340,523
 
Senior Notes:
                       
13.5% Senior Notes due February 1, 2026
 
-
   
-
   
81,114
   
81,114
 
5.0% Senior Notes due February 1, 2040
 
-
   
-
   
32,669
   
32,669
 
Senior Unsecured Term Loan Credit Facility due February 1, 2027
 
-
   
-
   
103,442
   
103,442
 
Total fair value
 
$-
   
$852,281
   
$338,076
   
$1,190,357
 
 
(In thousands)
 
Level 1
   
 
Level 2
   
 
Level 3
   
Total
 
Senior Secured Notes:
                       
9.5% Senior Secured Notes due November 15, 2020
 
$-
   
$-
   
$74,250
   
$74,250
 
2.0% Senior Secured Notes due November 1, 2021
 
-
   
-
   
40,434
   
40,434
 
5.0% Senior Secured Notes due November 1, 2021
 
-
   
124,781
   
-
   
124,781
 
10.0% Senior Secured Notes due July 15, 2022
 
-
   
424,670
   
-
   
424,670
 
10.5% Senior Secured Notes due July 15, 2024
 
-
   
366,720
   
-
   
366,720
 
Senior Notes:
                       
13.5% Senior Notes due February 1, 2026
 
-
   
88,148
   
-
   
88,148
 
5.0% Senior Notes due February 1, 2040
 
-
   
35,628
   
-
   
35,628
 
Senior Unsecured Term Loan Credit Facility due February 1, 2027
 
-
   
-
   
114,328
   
114,328
 
Total fair value
 
$-
   
$1,039,947
   
$229,012
   
$1,268,959