Inventories (Tables)

6 Months Ended

May 04, 2013

Inventories were as follows:


	May 4,			November 3,
	2013			2012

Raw materials	$	520,891		$	505,122
Work-in-process		93,637			90,444
Finished homes		4,720,893			5,140,200
Model home furniture and others		32,343			46,114

Inventories, net	$	5,367,764		$	5,781,880


Pre-owned homes	$	10,097,113		$	10,335,524
Inventory impairment reserve		(3,101,978	)		(3,401,527	)

		6,995,135			6,933,997
Less homes expected to sell in 12 months		(2,170,705	)		(2,503,164	)

Pre-owned homes, long-term	$	4,824,430		$	4,430,833

Summary of repurchased homes and subsequent sale of those homes under the Finance Revenue Sharing Agreement

The following table summarizes certain key statistics regarding repurchased homes and subsequent sale of those homes under its FRSA. These homes and land are reflected as pre-owned homes in the consolidated balance sheets.


	Three Months Ended				Six Months Ended
	May 4, 2013		May 5, 2012		May 4, 2013		May 5, 2012

Homes repurchased		0		1		0		3
Cost of repurchased homes	$	0	$	27,507	$	0	$	192,417

Number of repurchased homes sold		6		10		9		16
Cost of repurchased homes sold	$	340,230	$	624,536	$	571,017	$	1,007,912

Liquidation costs of repurchased homes sold	$	106,980	$	59,326	$	161,413	$	79,365

Impact upon results of operations	$	0	$	0	$	0	$	0