Note 21 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)

9 Months Ended

Jul. 31, 2015

Disclosure Text Block Supplement [Abstract]

Condensed Balance Sheet [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations			Consolidated
ASSETS:
Homebuilding		$-			$192,365			$1,545,467		$371,632		$-			$2,109,464
Financial services								12,189		123,901					136,090
Income taxes receivable		255,664						48,126							303,790
Intercompany receivable					1,505,551					48,335		(1,553,886	)		-
Investments in and amounts due from consolidated subsidiaries								380,721				(380,721	)		-
Total assets		$255,664			$1,697,916			$1,986,503		$543,868		(1,934,607	)		$2,549,344
LIABILITIES AND EQUITY:
Homebuilding		$3,076			$76			$584,370		$61,487		$-			$649,009
Financial services								12,247		101,303					113,550
Notes payable					1,936,130			1,805		357					1,938,292
Intercompany payable		303,173						1,250,713				(1,553,886	)		-
Amounts due to consolidated subsidiaries		100,922			52,121							(153,043	)		-
Stockholders’ (deficit) equity		(151,507	)		(290,411	)		137,368		380,721		(227,678	)		(151,507	)
Total liabilities and equity		$255,664			$1,697,916			$1,986,503		$543,868		(1,934,607	)		$2,549,344

	Parent			Subsidiary Issuer			Guarantor Subsidiaries		Nonguarantor Subsidiaries		Eliminations			Consolidated
ASSETS:
Homebuilding		$-			$195,177			$1,336,716		$353,151		$-			$1,885,044
Financial services								11,407		108,936					120,343
Income taxes receivable		244,391						40,152							284,543
Intercompany receivable					1,275,453					36,161		(1,311,614	)		-
Investments in and amounts due from consolidated subsidiaries								338,044				(338,044	)		-
Total assets		$244,391			$1,470,630			$1,726,319		$498,248		$(1,649,658	)		$2,289,930
LIABILITIES AND EQUITY:
Homebuilding		$2,842			$160			$544,088		$71,663		$-			$618,753
Financial services								11,210		87,987					99,197
Notes payable					1,685,892			3,336		551					1,689,779
Intercompany payable		308,700						1,002,914				(1,311,614	)		-
Amounts due to consolidated subsidiaries		50,648			11,902							(62,550	)		-
Stockholders’ (deficit) equity		(117,799	)		(227,324	)		164,771		338,047		(275,494	)		(117,799	)
Total liabilities and equity		$244,391			$1,470,630			$1,726,319		$498,248		$(1,649,658	)		$2,289,930

Condensed Income Statement [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$-			$446,581			$79,672			$-			$526,253
Financial services								2,146			12,214						14,360
Intercompany charges					31,246						64			(31,310	)		-
Total revenues		-			31,246			448,727			91,950			(31,310	)		540,613
Expenses:
Homebuilding		2,416			38,284			431,816			69,406						541,922
Financial services		16			-			1,618			6,610						8,244
Intercompany charges								31,310						(31,310	)		-
Total expenses		2,432			38,284			464,744			76,016			(31,310	)		550,166
Income (loss) from unconsolidated joint ventures								12			(460	)					(448	)
(Loss) income before income taxes		(2,432	)		(7,038	)		(16,005	)		15,474			-			(10,001	)
State and federal income tax provision (benefit)		224						(2,541	)								(2,317	)
Equity in (loss) income of consolidated subsidiaries		(5,028	)		(13,855	)		15,474						3,409			-
Net (loss) income		$(7,684	)		$(20,893	)		$2,010			$15,474			$3,409			$(7,684	)

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$(52	)		$436,085			$103,870			$-			$539,903
Financial services								2,396			8,710						11,106
Intercompany charges					26,411			(28,110	)		(42	)		1,741			-
Total revenues		-			26,359			410,371			112,538			1,741			551,009
Expenses:
Homebuilding		3,098			32,751			406,479			86,894			(586	)		528,636
Financial services		6						1,699			5,507						7,212
Total expenses		3,104			32,751			408,178			92,401			(586	)		535,848
Income from unconsolidated joint ventures								10			201						211
(Loss) income before income taxes		(3,104	)		(6,392	)		2,203			20,338			2,327			15,372
State and federal income tax (benefit) provision		(4,213	)					2,480									(1,733	)
Equity in income (loss) of consolidated subsidiaries		15,996			(12,584	)		20,338						(23,750	)		-
Net income (loss)		$17,105			$(18,976	)		$20,061			$20,338			$(21,423	)		$17,105

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Homebuilding		$-			$-			$1,202,668			$214,669		$-			$1,417,337
Financial services								5,914			32,025					37,939
Intercompany charges					91,631								(91,631	)		-
Total revenues		-			91,631			1,208,582			246,694		(91,631	)		1,455,276
Expenses:
Homebuilding		9,209			114,499			1,181,860			188,271					1,493,839
Financial services		104						4,747			18,218					23,069
Intercompany charges								91,631					(91,631	)		-
Total expenses		9,313			114,499			1,278,238			206,489		(91,631	)		1,516,908
(Loss) income from unconsolidated joint ventures								(2	)		2,472					2,470
(Loss) income before income taxes		(9,313	)		(22,868	)		(69,658	)		42,677		-			(59,162	)
State and federal income tax (benefit) provision		(17,968	)					425								(17,543	)
Equity in (loss) income of consolidated subsidiaries		(50,274	)		(40,219	)		42,677					47,816			-
Net (loss) income		$(41,619	)		$(63,087	)		$(27,406	)		$42,677		$47,816			$(41,619	)

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Homebuilding		$-			$(129	)		$1,085,275			$251,228			$-			$1,336,374
Financial services								6,467			22,145						28,612
Intercompany charges					72,966			(76,391	)		(42	)		3,467			-
Total revenues		-			72,837			1,015,351			273,331			3,467			1,364,986
Expenses:
Homebuilding		9,023			96,769			1,045,419			215,032			(3,338	)		1,362,905
Financial services		15						4,918			15,658						20,591
Total expenses		9,038			96,769			1,050,337			230,690			(3,338	)		1,383,496
Loss on extinguishment of debt					(1,155	)											(1,155	)
Income from unconsolidated joint ventures								70			3,779						3,849
(Loss) income before income taxes		(9,038	)		(25,087	)		(34,916	)		46,420			6,805			(15,816	)
State and federal income tax (benefit) provision		(10,041	)					9,545									(496	)
Equity in (loss) income of consolidated subsidiaries		(16,323	)		(36,608	)		46,420						6,511			-
Net (loss) income		$(15,320	)		$(61,695	)		$1,959			$46,420			$13,316			$(15,320	)

Condensed Cash Flow Statement [Table Text Block]

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income		$(41,619	)		$(63,087	)		$(27,406	)		$42,677			$47,816			$(41,619	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities		(3,128	)		12,191			(154,619	)		(97,689	)		(47,816	)		(291,061	)
Net cash used in operating activities		(44,747	)		(50,896	)		(182,025	)		(55,012	)		-			(332,680	)
Cash flows from investing activities:
Proceeds from sale of property and assets								1,112			31						1,143
Purchase of property, equipment and other fixed assets and acquisitions								(1,653	)								(1,653	)
Decrease in restricted cash related to mortgage company											1,466						1,466
Investments in and advances to unconsolidated joint ventures					81			184			(17,266	)					(17,001	)
Distributions of capital from unconsolidated joint ventures					315			646			9,760						10,721
Intercompany investing activities					(189,879	)								189,879			-
Net cash (used in) provided by investing activities		-			(189,483	)		289			(6,009	)		189,879			(5,324	)
Cash flows from financing activities:
Net proceeds from mortgages and notes								18,682			12,103						30,785
Net proceeds from model sale leaseback financing programs								17,918			1,846						19,764
Net payments related to land bank financing programs								(10,065	)		(311	)					(10,376	)
Proceeds from senior notes					250,000												250,000
Net proceeds related to mortgage warehouse lines of credit											11,635						11,635
Deferred financing costs from land bank financing programs and note issuances					(4,689	)		(1,781	)		(1,057	)					(7,527	)
Principal payments and debt repurchases					(4,238	)											(4,238	)
Intercompany financing activities		44,747						157,306			(12,174	)		(189,879	)		-
Net cash provided by (used in) financing activities		44,747			241,073			182,060			12,042			(189,879	)		290,043
Net increase (decrease) in cash and cash equivalents		-			694			324			(48,979	)		-			(47,961	)
Cash and cash equivalents balance, beginning of period					159,508			(4,726	)		107,116						261,898
Cash and cash equivalents balance, end of period		$-			$160,202			$(4,402	)		$58,137			$-			$213,937

	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Nonguarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income		$(15,320	)		$(61,695	)		$1,959			$46,420			$13,316			$(15,320	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities		2,080			6,913			(251,746	)		11,846			(13,316	)		(244,223	)
Net cash (used in) provided by operating activities		(13,240	)		(54,782	)		(249,787	)		58,266			-			(259,543	)
Net cash (used in) investing activities								(1,009	)		(8,306	)					(9,315	)
Net cash provided by (used in) financing activities					118,599			45,442			(40,666	)					123,375
Intercompany investing and financing activities – net		13,240			(207,001	)		206,190			(12,429	)					-
Net (decrease) increase in cash		-			(143,184	)		836			(3,135	)		-			(145,483	)
Cash and cash equivalents balance, beginning of period					243,470			(6,479	)		92,213						329,204
Cash and cash equivalents balance, end of period		$-			$100,286			$(5,643	)		$89,078			$-			$183,721