Equity Method Investments [Table Text Block] |
(Dollars in thousands) | | July 31, 2020 | |
| | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
Assets: | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 103,972 | | | $ | 1,940 | | | $ | 105,912 | |
Inventories | | | 399,863 | | | | - | | | | 399,863 | |
Other assets | | | 25,728 | | | | 461 | | | | 26,189 | |
Total assets | | $ | 529,563 | | | $ | 2,401 | | | $ | 531,964 | |
| | | | | | | | | | | | |
Liabilities and equity: | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 156,753 | | | $ | 2,199 | | | $ | 158,952 | |
Notes payable | | | 91,692 | | | | - | | | | 91,692 | |
Total liabilities | | | 248,445 | | | | 2,199 | | | | 250,644 | |
Equity of: | | | | | | | | | | | | |
Hovnanian Enterprises, Inc. | | | 122,501 | | | | 660 | | | | 123,161 | |
Others | | | 158,617 | | | | (458 | ) | | | 158,159 | |
Total equity | | | 281,118 | | | | 202 | | | | 281,320 | |
Total liabilities and equity | | $ | 529,563 | | | $ | 2,401 | | | $ | 531,964 | |
Debt to capitalization ratio | | | 25 | % | | | 0 | % | | | 25 | % |
(Dollars in thousands) | | October 31, 2019 | |
| | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
Assets: | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 108,520 | | | $ | 2,203 | | | $ | 110,723 | |
Inventories | | | 397,804 | | | | 6,038 | | | | 403,842 | |
Other assets | | | 24,896 | | | | 233 | | | | 25,129 | |
Total assets | | $ | 531,220 | | | $ | 8,474 | | | $ | 539,694 | |
| | | | | | | | | | | | |
Liabilities and equity: | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 71,297 | | | $ | 592 | | | $ | 71,889 | |
Notes payable | | | 186,882 | | | | - | | | | 186,882 | |
Total liabilities | | | 258,179 | | | | 592 | | | | 258,771 | |
Equity of: | | | | | | | | | | | | |
Hovnanian Enterprises, Inc. | | | 120,891 | | | | 4,747 | | | | 125,638 | |
Others | | | 152,150 | | | | 3,135 | | | | 155,285 | |
Total equity | | | 273,041 | | | | 7,882 | | | | 280,923 | |
Total liabilities and equity | | $ | 531,220 | | | $ | 8,474 | | | $ | 539,694 | |
Debt to capitalization ratio | | | 41 | % | | | 0 | % | | | 40 | % |
| | Three Months Ended July 31, 2020 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 132,511 | | | $ | 3,688 | | | $ | 136,199 | |
Cost of sales and expenses | | | (127,653 | ) | | | (2,719 | ) | | | (130,372 | ) |
Joint venture net income | | $ | 4,858 | | | $ | 969 | | | $ | 5,827 | |
Our share of net income (loss) | | $ | 6,337 | | | $ | (238 | ) | | $ | 6,099 | |
| | Three Months Ended July 31, 2019 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 121,156 | | | $ | 1,383 | | | $ | 122,539 | |
Cost of sales and expenses | | | (112,749 | ) | | | (846 | ) | | | (113,595 | ) |
Joint venture net income | | $ | 8,407 | | | $ | 537 | | | $ | 8,944 | |
Our share of net income | | $ | 3,578 | | | $ | 268 | | | $ | 3,846 | |
| | Nine Months Ended July 31, 2020 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 332,287 | | | $ | 11,240 | | | $ | 343,527 | |
Cost of sales and expenses | | | (323,657 | ) | | | (11,120 | ) | | | (334,777 | ) |
Joint venture net income | | $ | 8,630 | | | $ | 120 | | | $ | 8,750 | |
Our share of net income (loss) | | $ | 13,952 | | | $ | (663 | ) | | $ | 13,289 | |
| | Nine Months Ended July 31, 2019 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 342,669 | | | $ | 4,979 | | | $ | 347,648 | |
Cost of sales and expenses | | | (320,080 | ) | | | (3,963 | ) | | | (324,043 | ) |
Joint venture net income | | $ | 22,589 | | | $ | 1,016 | | | $ | 23,605 | |
Our share of net income | | $ | 20,202 | | | $ | 508 | | | $ | 20,710 | |
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