Equity Method Investments [Table Text Block] |
(Dollars in thousands) | | January 31, 2022 | |
| | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
Assets: | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 153,943 | | | $ | 1,668 | | | $ | 155,611 | |
Inventories | | | 451,029 | | | | - | | | | 451,029 | |
Other assets | | | 34,942 | | | | - | | | | 34,942 | |
Total assets | | $ | 639,914 | | | $ | 1,668 | | | $ | 641,582 | |
| | | | | | | | | | | | |
Liabilities and equity: | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 438,290 | | | $ | 1,290 | | | | 439,580 | |
Notes payable | | | 60,306 | | | | - | | | | 60,306 | |
Total liabilities | | | 498,596 | | | | 1,290 | | | | 499,886 | |
Equity of: | | | | | | | | | | | | |
Hovnanian Enterprises, Inc. | | | 64,162 | | | | 298 | | | | 64,460 | |
Others | | | 77,156 | | | | 80 | | | | 77,236 | |
Total equity | | | 141,318 | | | | 378 | | | | 141,696 | |
Total liabilities and equity | | $ | 639,914 | | | $ | 1,668 | | | $ | 641,582 | |
Debt to capitalization ratio | | | 30 | % | | | 0 | % | | | 30 | % |
(Dollars in thousands) | | October 31, 2021 | |
| | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
Assets: | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 132,963 | | | $ | 1,972 | | | $ | 134,935 | |
Inventories | | | 442,347 | | | | - | | | | 442,347 | |
Other assets | | | 34,551 | | | | - | | | | 34,551 | |
Total assets | | $ | 609,861 | | | $ | 1,972 | | | $ | 611,833 | |
| | | | | | | | | | | | |
Liabilities and equity: | | | | | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 386,117 | | | $ | 1,681 | | | $ | 387,798 | |
Notes payable | | | 73,994 | | | | - | | | | 73,994 | |
Total liabilities | | | 460,111 | | | | 1,681 | | | | 461,792 | |
Equity of: | | | | | | | | | | | | |
Hovnanian Enterprises, Inc. | | | 58,460 | | | | 254 | | | | 58,714 | |
Others | | | 91,290 | | | | 37 | | | | 91,327 | |
Total equity | | | 149,750 | | | | 291 | | | | 150,041 | |
Total liabilities and equity | | $ | 609,861 | | | $ | 1,972 | | | $ | 611,833 | |
Debt to capitalization ratio | | | 33 | % | | | 0 | % | | | 33 | % |
| | Three Months Ended January 31, 2022 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 69,591 | | | $ | 113 | | | $ | 69,704 | |
Cost of sales and expenses | | | (65,582 | ) | | | (26 | ) | | | (65,608 | ) |
Joint venture net income | | $ | 4,009 | | | $ | 87 | | | $ | 4,096 | |
Our share of net income | | $ | 8,147 | | | $ | 45 | | | $ | 8,192 | |
| | Three Months Ended January 31, 2021 | |
(In thousands) | | | | | | Land | | | | | |
| | Homebuilding | | | Development | | | Total | |
| | | | | | | | | | | | |
Revenues | | $ | 71,464 | | | $ | 263 | | | $ | 71,727 | |
Cost of sales and expenses | | | (71,273 | ) | | | (28 | ) | | | (71,301 | ) |
Joint venture net income | | $ | 191 | | | $ | 235 | | | $ | 426 | |
Our share of net income | | $ | 1,911 | | | $ | 95 | | | $ | 2,006 | |
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