XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jan. 30, 2016
Jan. 31, 2015
Cash flows from operating activities:    
Net income $ 678,401 $ 479,788
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 30,333 23,502
Deferred income taxes 352,564  
Undistributed earnings in joint venture - Majestic 21 (33,408) (33,578)
Losses from investments in retirement community limited partnerships   5,693
Inventory impairment 26,583  
Stock-based compensation 152 1,071
Decrease (increase) in:    
Accounts receivable 637,510 880,594
Inventories (468,619) (88,155)
Pre-owned homes (57,067) (127,327)
Income tax receivable (10,000) 1,207
Prepaid expenses and other current assets 58,340 (387,805)
(Decrease) increase in:    
Accounts payable (170,858) (97,180)
Accrued compensation (80,351) (12,659)
Accrued expenses and other current liabilities (160,299) 117,839
Customer deposits 91,169 (71,626)
Net cash provided by operating activities 894,450 691,364
Cash flows from investing activities:    
Purchase of property, plant and equipment (750,000) (20,989)
Collections on mortgage notes receivable   63
Increase in cash surrender value of life insurance (41,999) (31,500)
Net cash used in investing activities (791,999) (52,426)
Cash flows from financing activities:    
Proceeds from exercise of employee stock options 30,370 15,820
Purchase of treasury stock (132,386) (40,320)
Net cash used in financing activities (102,016) (24,500)
Increase in cash and cash equivalents 435 614,438
Cash and cash equivalents at beginning of year 16,769,292 14,116,412
Cash and cash equivalents at end of quarter 16,769,727 $ 14,730,850
Supplemental disclosure of cash flows information:    
Income taxes paid $ 10,000