XML 63 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2020
Oct. 31, 2019
Assets $ 1,790,003 $ 1,881,424
Senior notes and credit facilities (net of discount, premium and debt issuance costs) 1,460,200 1,479,990
Liabilities 2,289,082 2,371,200
Income taxes payable 4,015 2,301
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2020 and October 31, 2019 135,299 135,299
Paid in capital – common stock 715,336 715,504
Accumulated deficit (1,235,121) (1,225,973)
Treasury stock – at cost – 470,430 shares of Class A common stock and 27,669 shares of Class B common stock at January 31, 2020 and October 31, 2019 (115,360) (115,360)
Total Hovnanian Enterprises, Inc. stockholders' equity deficit (499,779) (490,463)
Noncontrolling interest in consolidated joint ventures 700 687
Total equity deficit (499,079) (489,776)
Total liabilities and equity 1,790,003 1,881,424
Common Class A [Member]    
Common stock 60 60
Common Class B [Member]    
Common stock 7 7
Homebuilding [Member]    
Cash and cash equivalents 81,396 130,976
Restricted cash and cash equivalents 19,878 20,905
Sold and unsold homes and lots under development 1,009,098 993,647
Land and land options held for future development or sale 81,402 108,565
Consolidated inventory not owned 205,215 190,273
Total inventories 1,295,715 1,292,485
Investments in and advances to unconsolidated joint ventures 135,331 127,038
Receivables, deposits and notes, net 49,188 44,914
Property, plant and equipment, net 19,654 20,127
Prepaid expenses and other assets 71,284 45,704
Assets 1,672,446 1,682,149
Accounts payable and other liabilities 306,559 320,193
Customers’ deposits 33,312 35,872
Liabilities from inventory not owned, net of debt issuance costs 152,235 141,033
Senior notes and credit facilities (net of discount, premium and debt issuance costs) 1,460,200 1,479,990
Accrued interest 30,899 19,081
Liabilities 2,189,010 2,199,754
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]    
Nonrecourse mortgages, net of debt issuance costs 205,805 203,585
Financial Services [Member]    
Cash and cash equivalents 4,181  
Restricted cash and cash equivalents 22,493 24,800
Assets 117,557 199,275
Liabilities $ 96,057 $ 169,145