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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Aug. 05, 2023
Aug. 06, 2022
Aug. 05, 2023
Aug. 06, 2022
Aug. 06, 2022
Cash flows from operating activities:          
Net income     $ 8,582,144 $ 4,498,619  
Adjustments to reconcile net income to net cash provided by operating (used in) activities:          
Depreciation     117,837 129,681  
Deferred income taxes     5,619 (34,072)  
Undistributed earnings in joint venture - Majestic 21 $ (27,828) $ (15,488) (76,276) (40,710) $ (40,710)
Gain on disposal of proprety, plant and equipment 0 0 0 (88,936) (88,936)
Decrease in fair market value of equity investments     47,939 80,796  
Stock-based compensation     92,775 84,060  
Amortization of operating lease right of use assets     0 1,597  
Decrease (increase) in:          
Accounts receivable - trade     (1,307,655) (95,368)  
Inventories     714,144 (9,991,334)  
Pre-owned homes     0 635,022  
Prepaid expenses and other current assets     352,096 (493,273)  
Interest receivable     (168,333) (2,429)  
Income tax receivable     (157,827) 0  
(Decrease) increase in:          
Accounts payable     25,360 389,311  
Accrued compensation     (150,311) 277,410  
Accrued expenses and other current liabilities     (332,267) 57,384  
Income taxes payable     (229,200) 67,835  
Customer deposits     (1,067,379) (1,687,027)  
Net cash provided by (used in) operating activities     6,448,666 (6,211,434)  
Cash flows from investing activities:          
Purchase of property, plant and equipment     (510,009) (859,321)  
Purchase certificates of deposit     (5,782,000) (1,944,000)  
Purchase of property held for resale     (26,590) 0  
Proceeds from certificates of deposit     2,430,000 2,087,936  
Proceeds disposal of property, plant and equipment     0 96,970  
Collections on interest receivable     76,308 5,079  
Collections on mortgage notes receivable     325 97,298  
Collections on equipment and other notes receivable     40,504 25,572  
Issuance of mobile home park note receivable     0 (128,733)  
Increase in cash surrender value of life insurance     (132,075) (128,277)  
Net cash used in investing activities     (3,903,537) (747,476)  
Cash flows from financing activities:          
Payment of cash dividend     (3,370,912) (3,532,976)  
Purchase of treasury stock     (2,853,981) (5,195,267)  
Reduction of operating lease obligation     0 (1,597)  
Net cash (used in) financing activities     (6,224,893) (8,729,840)  
Decrease in cash and cash equivalents     (3,679,764) (15,688,750)  
Cash and cash equivalents at beginning of period     16,653,449 36,126,059  
Cash and cash equivalents at end of period $ 12,973,685 $ 20,437,309 12,973,685 20,437,309 $ 20,437,309
Supplemental financing activity:          
Income taxes paid     3,000,000 1,365,735  
Noncash exercise of employee stock options     $ 0 $ (9,197)